DislikedNext week before going to the moon , we will probably come back to test these three levels as they all are weekly and daily levels ... I will be waiting ..Ignored
- | Joined May 2010 | Status: Trader | 1,100 Posts
Jarroo, Just wanted to get your thoughts on this particular setup. PBT&CA both the HCR and LCS level .. looking for a retrace to the HCR for a long entry ...
Cheers
Dan
Cheers
Dan
- Joined Oct 2010 | Status: full time beer drinker | 1,345 Posts
Jarroo, Just wanted to get your thoughts on this particular setup. PBT&CA both the HCR and LCS level .. looking for a retrace to the HCR for a long entry ...
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Cheers
Dan
but why you wanna buy on this level??
Finding PPZ levels is a first step before pulling the trigger, next step is wait for PA !!! Confirmation is the "Key-Word" for me.... Anything else is expecting and hoping ...Reaction, not prediction !!!
Do you now what i mean?
But of course they are many styles of trading, i prefer the stress less variant...
Time for a cold beer...
- | Joined May 2010 | Status: Trader | 1,100 Posts
there you go...thats a very nice example of PPZ, well spotted from you
but why you wanna buy on this level??
Finding PPZ levels is a first step before pulling the trigger, next step is wait for PA !!! Confirmation is the "Key-Word" for me.... Anything else is expecting and hoping ...Reaction, not prediction !!!
Do you now what i mean?
But of course they are many styles of trading, i prefer the stress less variant...
Time for a cold beer...
Attachment
- | Joined May 2010 | Status: Trader | 1,100 Posts
hello,
I am searching and searching Jarroo method, but sometimes I don't understand basics. Can you tell why lower lcs level is good, and upper is not good
, chart is usd/chf. best, Rosa.
Hello dan89,
You are right, but you can also trade long from lcs and short from hcr, but I still don't get it, what to watch for confirmation.
I think, that there are 2 ways of trade hcr
1. short, when you are find ranging market
2. long, when you are find uptrend market
and reverse for LCS, but how to determine ranging market and how to confirm. We can watch for close of h1/h4 bar, but i don't belive it, sometimes there is cb and ca and cb and you don't know what to do with it.
You are right, but you can also trade long from lcs and short from hcr, but I still don't get it, what to watch for confirmation
.I think, that there are 2 ways of trade hcr
1. short, when you are find ranging market
2. long, when you are find uptrend market
and reverse for LCS, but how to determine ranging market and how to confirm. We can watch for close of h1/h4 bar, but i don't belive it, sometimes there is cb and ca and cb and you don't know what to do with it
.Keeping things simple - we look for shorts when pbt&cb LCS and longs when pbt&ca HCR. Currently price has not yet CLOSED below that first LCS level. When it does we can look for short opportunities. Im still learning this method myself so it would be a good idea to wait for Jarroo himself to reply
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- | Joined May 2010 | Status: Trader | 1,100 Posts
Hello dan89,
You are right, but you can also trade long from lcs and short from hcr, but I still don't get it, what to watch for confirmation
I think, that there are 2 ways of trade hcr
1. short, when you are find ranging market
2. long, when you are find uptrend market
and reverse for LCS, but how to determine ranging market and how to confirm. We can watch for close of h1/h4 bar, but i don't belive it, sometimes there is cb and ca and cb and you don't know what to do with it
Some posts from Jarroo on the subject
Do you often take trades long when pbt&ca a LCS level and vice versa ? I was under the impression that we should be looking for shorts when pbt&cb and longs when pbt&ca.
Yes that's correct, dan. But there are situation where the other applies. . .Strong consolidation areas and when in a strong trending market.
Yes, that's correct Dan. . Major Deep swing point and major consolidation areas. . .those great "boxes" that Mike and James16 talk about all the time. More recent swing points are good to look at when price is trending or a low volatility pair.
The GU can be tricky (high volatility pair) . .when the signal is mixed, do what many of the old time traders do . .pass on it . .
Yes, we usually only take long setups when PBT&CA a HCR level and short setups when PBT&CB a LCS level. But there are other opportunities where we can trade LCS/HCR...
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
there you go...thats a very nice example of PPZ, well spotted from you
but why you wanna buy on this level??
Finding PPZ levels is a first step before pulling the trigger, next step is wait for PA !!! Confirmation is the "Key-Word" for me.... Anything else is expecting and hoping ...Reaction, not prediction !!!
Do you now what i mean?
But of course they are many styles of trading, i prefer the stress less variant...
Time for a cold beer...
Attachment
- | Joined May 2010 | Status: Trader | 1,100 Posts
Hello,
And one more question on usdchf chart
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
Humans tend to need reference points from which to proceed with daily activities of life. In trading it is no different. Jarroo's method is a unique and very effective way of identifying key support and resistance. We use these s/r levels as places to observe price action. When appropriate price action occurs we place a trade. Some may use pivot points, other's trend lines. They are just different points of reference that make it easier for us to process information and act on. Jarroo's method just happens to Kick Ass more that other's.
