I am not advocating new people trade the H4 tf with this post, even though, I am posting the H4 TF it is just to explain what is going on at this area.
Actually, I am posting the H4 to explain why, new people should not be looking at this TF until they understand price movement, PPZ, Swing points & PA, on the Monthly & weekly TFs.
The other day someone posed a setup that was not really a setup in my mind and I shall explain why for the benefit of new people, learning J16 PA and or Jarroos methodology. Even though it was a Daily setup, and I posted the H4 setup, the same applies for the PBT&CA.
This is post is in no way meant to ridicule the person who posted this trade and I hope they already took profit and closed it out.
Take a look at the charts and you can see that both Jarroos methodology & J16s methodology are telling us one thing & this small H4 PA which is not really even a valid PA bar, is telling us something else.
This is where, "Plan your trade & trade your plan" come into it and we should not get distracted by price showing us a lower TF bait type PA bar, if we understand the level that this is occurring at, and we have created our bias based on logic and higher Time frames.
Anyway, the charts are pretty self explanatory.
Hope this helps some new people get a feel for the higher TFs.
Stick with the higher tfs folks, till you really get an understanding of these levels.
Edit: Just after posting this chart we can see that with the LO, price is starting to become bullish at this area.
If the two bar high on the left breaks, price will probably break the back of that H4 PB.
Actually, I am posting the H4 to explain why, new people should not be looking at this TF until they understand price movement, PPZ, Swing points & PA, on the Monthly & weekly TFs.
The other day someone posed a setup that was not really a setup in my mind and I shall explain why for the benefit of new people, learning J16 PA and or Jarroos methodology. Even though it was a Daily setup, and I posted the H4 setup, the same applies for the PBT&CA.
This is post is in no way meant to ridicule the person who posted this trade and I hope they already took profit and closed it out.
Take a look at the charts and you can see that both Jarroos methodology & J16s methodology are telling us one thing & this small H4 PA which is not really even a valid PA bar, is telling us something else.
This is where, "Plan your trade & trade your plan" come into it and we should not get distracted by price showing us a lower TF bait type PA bar, if we understand the level that this is occurring at, and we have created our bias based on logic and higher Time frames.
Anyway, the charts are pretty self explanatory.
Hope this helps some new people get a feel for the higher TFs.
Stick with the higher tfs folks, till you really get an understanding of these levels.
Edit: Just after posting this chart we can see that with the LO, price is starting to become bullish at this area.
If the two bar high on the left breaks, price will probably break the back of that H4 PB.
Attached Image(s) (click to enlarge)
