james16 Chart Thread

Last one Dan. H1 did show a BEOB. Be interesting to hear Jarroo's take on this.

Touch trades are always risky. Watching for price action off the touch keeps me out of some, not all, bad trades.

It was be for me...On lower tf you can see, that it went 40 pips up, after touching hcr - plenty time to go be

I just got pushed out of a trade I had on chfjpy, I think I moved the stop up too tight, but I really don't know what I am doing when it comes to that anyway so i don't know...

Hey dan, not jarroo, but I thought I would give some thoughts (most are on the charts) about how I might play the setup you mentioned (I took a loss on a similar set up a few weeks ago). First question I would ask, is what was your entry and what was your stop? Did you take a full Risk loss?

Jarroo's been talking about Daily Close Confirmations, and it may not be a bad idea not to drop time frames to look for entry signatures.

The first thing that jumped out at me is that the daily hcr is not at extreme swing point or at major consolidation, which is where jarroo teaches to look for the set ups. The second thing I notices is the BRN 1.2500, while the PBT&CA bar was above the BRN, the HCR you traded was just below. My preferece is for the HCR I would be trading to be above that BRN - especially an important one (to me anyway) like the 1.2500.

My charts show how I've mostly begun to play these. I will usually trade the close of the PB&CA/B daily bar, or a retrace to the level (I'm 50/50 or so on which entry method I choose), depending on how I perceive strength of close.

My trade management is fairly simple...if price goes to my first target during the day I reduce risk (not necessarily to BE) or take full profit. If the daily bar closes below my HCR (in this case) level I would see that as a PA signal that the area I expected to flip from resistance to support hasn't done so, and the level is still resistance.

The third chart shows a level I would be more comfortable with, the newly formed HCR, that closed above the BRN, and is pretty close to the more minor HCR. If price can push back through this level and close above the new HCR, the old HCR, and the BRN....it will be hard for me to stay out, as to me that's a pretty strong story.

Hope this helps somewhat. To summarize, If you're just starting with jarroo's concepts, you may benefit to to only trade the signatures on the time frame the HCR/LCS level forms on....may make it a little more simple and easier to grasp. (Sorry to be so long winded!!)

Sir mike... what is your opinion for this BEOB?

testing

Sold at 103, stop 104 target 101. Reasons: Pin bar size seems ok compared to previous bars. Lots of space.

Sorry! I am late today. The move has begun. Here are the image taken from two different platforms. Again 79.00 is playing a supporting role in USDX. Lets See again.

my AU went to 114 pips profit about 2% of my account. thanks every one

There she blows.

Edit: According to the length of the neckline, if we make it through the TL and the obvious SL at 0.9800, it could hit its TP3.

my next trade using this thread method

looks like pinbar (evening star setup) with divergence is a strong signal (class A setup)...
sell@ 1.0532...

before and current chart..

regards.

a good one

Hey Bullzeye, got into the cad/yen

Well I guess that level got the job done.

well done

very nice trade pinbar i am still also in this one, my target is also around the 0.9900 area

yes, definitely an A+ Setup

good job runner ... i like your signature

GOLD

is definitely worth to watch on this area...a mike bar is needed