HCR-LCS + SFP Research thread | Page 16 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading research papers 12 replies

Will do statistical research for pips (or food) 8 replies

What research do you do when not trading? 19 replies

what's your daily morning research routine before trading? 15 replies

Attachments: HCR-LCS + SFP Research thread
Exit Attachments

HCR-LCS + SFP Research thread

  • #301
  • Edited 10:19pm Jul 15, 2013 8:53pm | Edited 10:19pm
Quoting LamerTrader
Pinbar! As far as I remember you had some troubles of price breaking through Weekly or monthly levels on lower timeframes i just happened to watch a basic jarroo video and he says "we don't want price to close below on the daily timeframe - on 1H 4H they can but on daily they cant" -> and this just the same what Ghous told us. Hope this helps something Cheers, Stephen

No idea about what you are talking about.

Jaroo doesn't care if they break through or not, either way it is a signal.

You are probably confusing the daily PBT&CA or B with the daily signature.

Which video were you watching?

Of course, after PBT&CB on a weekly TF, we want to see the daily close below the area on the pullback, this is the Daily signature but, if an H4 bar closes above after his short entry. He will cut the trade, he will not hold onto it hoping it will move in his direction. This is what PBT&CA or B is all about.

Ghous is also looking for a daily signature, of a close below at the HHR.

I really have no idea of what you are trying to say.
Attached Image (click to enlarge)
Click to Enlarge Name: Daily signature.png Size: 13 KB
  • #302
  • Jul 15, 2013 9:47pm Jul 15, 2013 9:47pm
Looks like we could get the push back down to 1.1375
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audsgddaily.png Size: 60 KB
Click to Enlarge Name: audsgdweekly.png Size: 67 KB
  • #303
  • Jul 15, 2013 10:39pm Jul 15, 2013 10:39pm
Quoting kerinsp
is it cool to post some charts? I'm watching these levels this week. {image} {image} {image} {image} {image} {image}

Yes, of course it is cool to post your charts.

Looks like you have a good understanding of the levels we are looking for.
  • #304
  • Jul 16, 2013 12:19am Jul 16, 2013 12:19am
Hope others can see the relationship between Jarroo's HCR+LCS and what Ghous is teaching us about his HHR & LLS.

They seem to both be closely linked in the bigger picture.
Attached Image (click to enlarge)
Click to Enlarge Name: audsgdweekly.png Size: 67 KB
  • #305
  • Jul 16, 2013 12:32am Jul 16, 2013 12:32am
Another one on my watch list.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdusdmonthly.png Size: 45 KB
Click to Enlarge Name: nzdusdweekly.png Size: 87 KB
Click to Enlarge Name: nzdusddaily.png Size: 88 KB
  • #306
  • Edited 12:54am Jul 16, 2013 12:37am | Edited 12:54am
This leads me to wonder if, there are going to be more people paying greater attention, to the LLS than the LCS.
Simply because, the LLS will be visible on all TFS, the low of the weekly is also going to be a daily and even lower LCS.
However, a Weekly LCS is not necessarily going to be a daily or H4 LCS.


Now, I am going to spend what free time I have today, thinking about the wick filling that Ghous mentioned.

EDIT: I'd like to ask Ghous about the scenario on the chart and if bar b had closed as I drew bar C, would he not have entered short?
I imagine he would not.
Attached Image (click to enlarge)
Click to Enlarge Name: entry trade 1.png Size: 50 KB
  • #307
  • Jul 16, 2013 2:08am Jul 16, 2013 2:08am
Minor Swing Points vs Major Swing Points.

Just to help any new people looking at this thread and seeing swing points that are not trade-able.
Here is why the minor swing points are not an option.
Attached Image (click to enlarge)
Click to Enlarge Name: SPS.png Size: 39 KB
  • #308
  • Jul 16, 2013 3:32am Jul 16, 2013 3:32am
Quoting Pinbar
This leads me to wonder if, there are going to be more people paying greater attention, to the LLS than the LCS. Simply because, the LLS will be visible on all TFS, the low of the weekly is also going to be a daily and even lower LCS. However, a Weekly LCS is not necessarily going to be a daily or H4 LCS. Now, I am going to spend what free time I have today, thinking about the wick filling that Ghous mentioned. EDIT: I'd like to ask Ghous about the scenario on the chart and if bar b had closed as I drew bar C, would he not...
yes of course if bar B looked like your bar C then that wouldn't have been a trade because price essentially wouldn't have closed under the HHR.

Bar A closing strongly above the HHR was no issue as long as the next bar shot down equally strongly. It still was reminiscent of the kind of action I am looking for. A bar closing above is not so much of a problem if the next bar can drop under the HHR without creating a fuss of it.

The bar C you drew, was going to make a fuss of it by holding up via support at the HHR. That would have raised flags.

g.
I believe . . .
  • #309
  • Jul 16, 2013 3:35am Jul 16, 2013 3:35am
Quoting Pinbar
Minor Swing Points vs Major Swing Points. Just to help any new people looking at this thread and seeing swing points that are not trade-able. Here is why the minor swing points are not an option. {image}
WOW! Brilliant steve!



g.
I believe . . .
  • #310
  • Jul 16, 2013 5:49am Jul 16, 2013 5:49am
Quoting kerinsp
is it cool to post some charts? I'm watching these levels this week. {image} {image} {image} {image} {image} {image}
Love your clean charts Paul, good stuff.
  • #311
  • Jul 16, 2013 6:33am Jul 16, 2013 6:33am
Quoting ghous
{quote} yes of course if bar B looked like your bar C then that wouldn't have been a trade because price essentially wouldn't have closed under the HHR. Bar A closing strongly above the HHR was no issue as long as the next bar shot down equally strongly. It still was reminiscent of the kind of action I am looking for. A bar closing above is not so much of a problem if the next bar can drop under the HHR without creating a fuss of it. The bar C you drew, was going to make a fuss of it by holding up via support at the HHR. That would have raised flags....

I get the idea now.
Basically as bar A is the fake out bar and bar B fills it in on the way back down without finding support, it is another bearish sign.

Many thanks Ghous, you are making this thread a fantastic place for me and others to learn!
  • #312
  • Jul 16, 2013 7:44am Jul 16, 2013 7:44am
Just scanned 60 something charts and there is not a lot around at the moment.

Not even sure what these two are but they look interesting from a learning point of view.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 101 KB
  • #313
  • Jul 16, 2013 9:21am Jul 16, 2013 9:21am
Quoting Pinbar
Just scanned 60 something charts and there is not a lot around at the moment. Not even sure what these two are but they look interesting from a learning point of view. {image}
Mini-sized Dow futures and E-Mini S&P 500 futures, respectively I posted a chart of the s&p e-minis over in the Fail Better thread just yesterday...should be interesting to watch, indeed.
skype: ststroud. let's talk trading.
  • #314
  • Jul 16, 2013 1:41pm Jul 16, 2013 1:41pm
This one's on my radar.

12.6 RN + Long term PPZ + fake out.



g.
Attached Image (click to enlarge)
Click to Enlarge Name: usdmxn.png Size: 61 KB
I believe . . .
  • #315
  • Jul 16, 2013 2:05pm Jul 16, 2013 2:05pm
I've a 20 pip spread on that one! staying away
  • #316
  • Edited 6:36pm Jul 16, 2013 5:42pm | Edited 6:36pm
Quoting kerinsp
I've a 20 pip spread on that one! staying away
Its all relative Mr Kerins, I show on FXCM a ranging spread between 55 and 110, but the 20 day ATR is 1671 and it's only 1 penny per pip
FXPRO says spread is 120
IG has it with a spread of 95 and minimum contract size 5 pence

So if you have a spread of 20 your laughing all the way to the bank.
  • #317
  • Jul 16, 2013 9:29pm Jul 16, 2013 9:29pm
Quoting tyler812
{quote} Mini-sized Dow futures and E-Mini S&P 500 futures, respectively I posted a chart of the s&p e-minis over in the Fail Better thread just yesterday...should be interesting to watch, indeed.

Thanks for the clarification T.

I will check it out.
  • #318
  • Jul 16, 2013 9:41pm Jul 16, 2013 9:41pm
This looks interesting on the monthly.
Attached Image (click to enlarge)
Click to Enlarge Name: audsgdmonthly.png Size: 72 KB
  • #319
  • Jul 16, 2013 11:22pm Jul 16, 2013 11:22pm
Crude tested HHR 5 times but could not break above it. Would this be a great opportunity to go short?
Attached Image (click to enlarge)
Click to Enlarge Name: #clq3daily.png Size: 60 KB
  • #320
  • Jul 17, 2013 1:09am Jul 17, 2013 1:09am
Quoting kl1968
Crude tested HHR 5 times but could not break above it. Would this be a great opportunity to go short? {image}
That is brilliant.

Your chart doesn't show the fact that the swing point you pointed out is in fact a minor one "per se".

It actually marks the point of a final retest of a consolidation box at an extreme swing high, after which price literally dropped like a stone. This area marked the point from where price "really" turned around.

Attached Image (click to enlarge)
Click to Enlarge Name: swing point.png Size: 42 KB


I also like how price failed to close above the HHR despite 5 consecutive attempts. By the look of it price is squashed between the HHR and the 105 RN. See the bearish bar from yesterday threatening to fill in the wick of that IPB (bullish pin bar at a swing high)? Well it should do that today. This should bring it into contact with the 105 RN again and that's where price IMO will give you a tip off as to whether a bearish move is on the way or not.

If price struggles to fill in this wick and finds trouble at the 105 region I would get skeptical about maybe leaving a trade at the initial stop loss. I would like some risk alleviation straight away. Should price drop down and close under the 105, you may have caught a brilliant down move bang at the source

Attached Image (click to enlarge)
Click to Enlarge Name: #clq3daily.png Size: 35 KB


Oh and BTW, no I haven't traded it. For religious reasons I can't trade commodity futures (and I haven't gone beyond non-fx with this stuff anyways)

PS: Is that your car and your yacht?

g.
I believe . . .
1 trader viewing now