I also put my pending where you did also actually ...
james16 Chart Thread
1. When did I ever present a Weekly TF on the Daily setup of the EurSek?
2. First, we were talking about specific "A" and "B" HCR levels . .then you change the "A" and "B" levels that we were talking about. Why would you do that?
3. You say, "ok I will stay on the Daily", then you talk about the Weekly . .then you say "ok ok I will stay on the Daily" . .then you talk about the Hourly . .I don't get it ..why would you do this?
Then you insult my method by saying "wouldn't this be going against everything your methodology...
Look at my chart...
Pinbar is interested in taking short in base of bar A closing below orange lvl - retest and go short...I wouldn't take it - I like to leave hcr/lcs lvl to breath a little after trade (and there was trade long one bar before it)...
Jarroo is looking at B bar (close above yellow)...I would go long when price is touching it again (low of A bar)...
And we are long, but then price is closing (still A bar) below orange hcr...and we are long, but we are also getting short signal (A bar closing below orange) - And I think this is pinbar's problem...He also thinks that A bar close should be more relevant because it was also whole week close...
Ok...this is how I'll see it...
take care guys and stay cool
because you are great traders - both of you...
- #117,124
- Edited 6:54am Sep 3, 2012 6:26am | Edited 6:54am
- Joined May 2010 | Status: HCR-LCS SFP | 6,026 Posts
I think you just can't understand each other guys
Look at my chart...
Pinbar is interested in taking short in base of bar A closing below orange lvl - retest and go short...I wouldn't take it - I like to leave hcr/lcs lvl to breath a little after trade (and there was trade long one bar before it)...
Jarroo is looking at B bar (close above yellow)...I would go long when price is touching it again (low of A bar)...
And we are long, but then price is closing (still A bar) below orange hcr...and we are long, but we are also getting short signal...
What do you guys think of this? I noticed Mike's concepts go well with Jaroo's PBT concepts. (Trendline touches become LCS s ). After all, PA is PA and all should go along smoothly, right?
I would have entered on the retest of the last touch of the TL (LCS) when the PBT CB occured, then manage my trade watching those next TL touches, all the way down to the assumed target of the H&S pattern.
I don't know where i should have placed my stop. Above the TL , or all those previous bar's highs?
I would have entered on the retest of the last touch of the TL (LCS) when the PBT CB occured, then manage my trade watching those next TL touches, all the way down to the assumed target of the H&S pattern.
I don't know where i should have placed my stop. Above the TL , or all those previous bar's highs?
I don't need easy. I just need possible.
- #117,131
- Sep 3, 2012 7:15am Sep 3, 2012 7:15am
- Joined Sep 2010 | Status: Trader | 1,122 Posts
I get that it works for some people. I find it confusing though.
Human
- #117,132
- Edited 1:28pm Sep 3, 2012 7:24am | Edited 1:28pm
- Joined Sep 2010 | Status: Trader | 1,122 Posts
I think you just can't understand each other guys
Look at my chart...
Pinbar is interested in taking short in base of bar A closing below orange lvl - retest and go short...I wouldn't take it - I like to leave hcr/lcs lvl to breath a little after trade (and there was trade long one bar before it)...
Jarroo is looking at B bar (close above yellow)...I would go long when price is touching it again (low of A bar)...
And we are long, but then price is closing (still A bar) below orange hcr...and we are long, but we are also getting short signal...
If you remember , I posted a chart Long ago , Probably in MAY relating a situation EXACTLY like the one this problem arose out of ... GBP USD .... I told that when 2-3 levels line up together , I treat them as a ZONE so that even when one is broken through , or even two are broken through , but the third remains intact , we are still good ... Look at the chart below ... Might refresh some old memories ... I provided my Candle by candle trade management relating this one back then I think ...
Human
- #117,134
- Sep 3, 2012 7:40am Sep 3, 2012 7:40am
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
I get that it works for some people. I find it confusing though.
It works great in a trending market and you don't need to spend much time on the PC.
If the levels appear confusing then I just move on and look for a pair with cleaner levels.
- #117,136
- Sep 3, 2012 7:45am Sep 3, 2012 7:45am
lol such a fuzz about 1 chart.
I only see good long trade (at green level) and FTA at yellow. Green HCR is closer swing point, there for more probably to hold. Sure im talking after the fact but i would trade it like that if i saw it yesterday
I only see good long trade (at green level) and FTA at yellow. Green HCR is closer swing point, there for more probably to hold. Sure im talking after the fact but i would trade it like that if i saw it yesterday
- #117,139
- Sep 3, 2012 7:48am Sep 3, 2012 7:48am
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
I think AUDUSD is arriving at a significant area. I moved my stop to 1.0290 to secure some profit. I will take full profit at 1.0218.
What do you guys think of this? I noticed Mike's concepts go well with Jaroo's PBT concepts. (Trendline touches become LCS s ). After all, PA is PA and all should go along smoothly, right?
I would have entered on the retest of the last touch of the TL (LCS) when the PBT CB occured, then manage my trade watching those next TL touches, all the way down to the assumed target of the H&S pattern.
I don't know where i should have placed my stop. Above the TL , or all those previous bar's highs?
Attachment
Of course I don't trade h4
