HCR-LCS + SFP Research thread

GU
Once more into the breach, if we get an SFP and it touches the weekly level.

No H1 entry so, I decided to enter on the M30 bar which did break the SFP and close above.

Looks like the short term sellers were exiting their shorts and buyers came in to create the liquidity we look for.

Got to go out for the evening so, I took two thirds profit and shall move to BE.

Interesting, iam familiar with J16 coz iam member and i like to see other traders interpretation of PA like this.
keep it posted !

Thank you pinbar!
Your charts help me a lot!
Keep us posted
Rock on!

Cheers,
Stephen

Nailed it at last.

The weekly LCS level gave us this fantastic M30 entry with an SFP and a very small SL.

This is what I am trying to work on in this thread.
The HCR-LCS combined with an SFP or small time frame price action.

The M30 tiny pb morphed into an hourly BUEOB, an H4 BUEOB & a Daily BUEOB which is currently in play and broke us out of the TL.

Let's see what it can do.

USD/CHF was a bit messy on the retrace.
Probably because of the weak daily close below this level.
I don't like these unclear levels but, we can still watch it and learn from it.
That is worth much more than taking a risky entry for a few pips profit.

We could see a Bullish SFP on USD/CHF but, the FTA is too close for my liking.
Nice confluence with the First Time Back (FTB) to the 150 EMA.
However, the swing point is not very large.
We really want the larger SPs.


Let's just watch it and see what occurs.

Thanks for the kind comments folks.
This thread is for everyone to post setups, ask questions and learn together.
Your questions can help everyone including myself.

GU is behaving so well and giving me an opportunity to explain the Rounded Retest.
It is not a great example as, price has not gone as far past the swing point, that I would like to see, to take an entry here.
Meaning, that it did not create enough space for price to move through.
However, as I am already in this trade, it gives me an opportunity to use this area for managing the trade &, will be an indication of whether or not, price is going to go North or South.

AUD/USD was interesting

very helpful and through info. i will be reading it regularly and ask questions if something i dont understand.

Glad to hear some people find it useful.
I am learning a great deal by posting these setups and explanations.

Last but not least, Welcome.

I love the thread!! I have been trading SFP, along with the rounded retests, for quiet a while after attending the_whizzard's webinars for months.

I am looking for additional confirmations before taking a SFP as a SFP alone failed too many times in my trading. Looking forward to reading and exchanging ideas in here!!
keep it up

Hi pinbar!

I got a question that bothers me for a long time now.
James uses boxes to determine his PPZs and the boxes line up with the H/Ls.
Jarroo uses HCR/LCS. - and goes down from TF to TF. Sometimes the weekly levels seem totally inappropriate - price just doest respect it on the lower time-frame. What shall i do? Shall I still be aware of the level, or I can wipe it off my chart?

2nd Question
This is where it gets tricky. Lets assume we got a PBT + CA.
- Jarroo would set a pending on the break right? (To do a bamm baby ) But what happens if this PBT couldn't break the former high - it didn't even reach it. Or what happens if we have a PBT but an SFP at the same time...
So im a bit stuck here between the jarroo HCR levels and the Tom & James H/L levels. Could you give me some heads up?

Thanks!


This thread is really great, I appreciate your efforts Steve!

take care,
Stephen

Question 1:
My understanding of how J16 defines PPZ is a little different.
You are correct that, when we have two boxes on top of each other, there is a PPZ running through the middle of them.
However, PPZ are defined by bar highs on a previous swing and bar lows from a breakout and pullback to the former resistance.

Question 2:

As far as I know, Jarroo does not just trade a break of these levels, he generally waits for a weekly or daily close above or below a level, then enters on the pullback to the level. This not only reduces the SL but also gets him in at a better price.

Concerning the SFP, I am using the level and trying to find a decent small time frame SFP, in the same direction as the breakthrough, as I did with the GU long setup.

I know what you mean about different systems seem to give conflicting signals but, if you are looking at a weekly support level, it is still going to be support on a smaller time frame. Look for the Weekly & Daily closes on the H4 and H1 TF and use the Close above of below as a signature of what price may be going to do.
We can not be correct 100% of the time, this used to drive me crazy as, how can we trade if we don't know for sure if a level will hold or not?
The answer for me was, the winners will take care of the losers, if we use good Money Management.

I suggest, you open the 8 major pairs and, put the monthly, weekly & Daily levels on all the pairs, just the deep levels somewhere within 1000 pips of price in both directions. Then, just leave them on your chart for a couple of weeks. Stick to either the Daily or H4 time frames and just observe how price reacts at these levels. A common mistake it to believe they work 100% of the time, they don't and can't or, there would be no trades to have as price would never breakout of them. Price spends 90% of the time consolidating so, we want to get in after the breakout and pullback.


Hope this helps.

News just took my SL out. 70 something pips locked in.

There is another way to look at this, it could give us another entry long.

Hi Pinbar, using this as an opportunity for resurch is one real good idea. of course we all need to fully understand the 3 systems. Your'e doing just fine in establishing the methods.
I guess the as thread progesess we will all fell more comfortable ib chipping in.
I wonder what degree various confluences play in the final outcomes.
Today and tomorrow (nfp) there could be a bit of serious news to understand.,
Thanks for a great idea for a thread.
Mike

Glad you like the opportunity we all have.

Sure, take your time and feel comfortable to post.

Nobody is going to ridicule anyone in this thread for making mistakes, we all make mistakes.

Yeah, there appears to be lots of news on the calendar.
But, you know some people including Mike in the J16 thread pay NO attention to news.
They figure it is figured into the Price Action of a bar.

Hey Steve,

Great job with this thread. Will be dropping in for sure. This thread allows a little more breathing space for me so I am going to enjoy here.

g.

A little bit about consolidation areas.

Most people hate consolidation areas but, I remember Jarroo telling me, "One Day you will learn to love consolidation".