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Attachments: HCR-LCS + SFP Research thread
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HCR-LCS + SFP Research thread

  • #441
  • Jul 26, 2013 8:07am Jul 26, 2013 8:07am
Quoting Pinbar
Hmm, I am thinking perhaps, I could have entered the #BA at the open of the Daily Gap candle and played till it filled the gap. Or is this just my mind trying to lure my hands from under my butt? LOL {image} {image}
That monthly charts is what had attracted me. If I were you I would be waiting on the monthly.

Patiently waiting for the right trades rock!



g.
I believe . . .
  • #442
  • Jul 26, 2013 8:08am Jul 26, 2013 8:08am
Quoting Helius
and here goes the DAX. We did not see a rounded retest yet, but an "immediate" retest after the break of the level. {image}
Gutsy

Those immediate pull backs can be tricky.

nicely nailed nevertheless

g.
I believe . . .
  • #443
  • Jul 26, 2013 8:14am Jul 26, 2013 8:14am
Yes, they are tricky and they will reverse on you a lot. That's why I play them with a very tight stop and a risk:reward ratio of at least 1:7

cheers

This way you only need a winrate of 13% and you will still make money
Price is what you pay. Value is what you get.
  • #444
  • Jul 26, 2013 5:33pm Jul 26, 2013 5:33pm
Quoting ghous
{quote} That monthly charts is what had attracted me. If I were you I would be waiting on the monthly. Patiently waiting for the right trades rock! g.

Yes, you are right Ghous, the problem at the moment is, I always feel I am going to miss an entry on the daily tf, that is probably why my mind started thinking, I could have traded the #BA gap.

So, you mean, we should wait for a monthly confirmation on #BA, just a close below the HHR or another possible stab at the HHR?

Thanks for sharing your wealth of knowledge you have accumulated
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  • #445
  • Edited 6:16pm Jul 26, 2013 5:59pm | Edited 6:16pm
I am noticing that before a bearish SFP, very often, we will get a small IB prior to the test of the HHR.

Before a bullish SFP, we seem to get the IB after the test of the LLS, at least on EUR/NZD.

I suppose is natural as, price is putting the brakes on but somebody is pumping the accelerator occasionally to get price back to the HHR or LLS.
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  • #446
  • Jul 26, 2013 8:11pm Jul 26, 2013 8:11pm
Quoting ghous
{quote} You know when you are trying to open this large door that's jammed because it hasn't been opened in a while. You push at it and it won't budge. And then you wait a bit, gather more people and launch together towards the door and push at it with all the force you have? Poor door, its still only a door. You crack it open or break it to pieces but you still get access to the room you were looking to get into. All these scenarios remind me of this analogy Enough said. g.
That could be another reason, why we don't want to see price hanging around just above or beneath these levels but, want to see momentum into the level.
  • #447
  • Jul 27, 2013 10:34am Jul 27, 2013 10:34am
Quoting Pinbar
{quote} Yes, you are right Ghous, the problem at the moment is, I always feel I am going to miss an entry on the daily tf, that is probably why my mind started thinking, I could have traded the #BA gap. So, you mean, we should wait for a monthly confirmation on #BA, just a close below the HHR or another possible stab at the HHR? Thanks for sharing your wealth of knowledge you have accumulated {image}
Yeah at least a monthly close below the HHR.

g.
I believe . . .
  • #448
  • Jul 27, 2013 10:43am Jul 27, 2013 10:43am
Quoting Pinbar
I am noticing that before a bearish SFP, very often, we will get a small IB prior to the test of the HHR. Before a bullish SFP, we seem to get the IB after the test of the LLS, at least on EUR/NZD. I suppose is natural as, price is putting the brakes on but somebody is pumping the accelerator occasionally to get price back to the HHR or LLS. {image}
Yes Steve, but I wouldn't generalize this. IBs are quite common all over the place and it really depends on the individual scenario what an IB is really indicating.

g.
I believe . . .
  • #449
  • Jul 27, 2013 3:31pm Jul 27, 2013 3:31pm
Hi, what do you think of USDCAD?
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  • #450
  • Edited Jul 28, 2013 1:29am Jul 27, 2013 9:32pm | Edited Jul 28, 2013 1:29am
Quoting ghous
{quote} Yes Steve, but I wouldn't generalize this. IBs are quite common all over the place and it really depends on the individual scenario what an IB is really indicating. g.

Yeah, I don't want to hypnotize myself with IBs.

I have a question about the HHR, once violated as in #BA, do you consider the area between the New High and the old HHR to be No mans land?
Maybe, you even have a term for this new high, apart from the sfp?
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  • #451
  • Jul 28, 2013 2:35am Jul 28, 2013 2:35am
Quoting Pinbar
{quote} Yeah, I don't want to hypnotize myself with IBs. I have a question about the HHR, once violated as in #BA, do you consider the area between the New High and the old HHR to be No mans land? Maybe, you even have a term for this new high, apart from the sfp? {image}
Well it just creates a new HHR point for price returning to the fake out high some time in future and then it will have to make a move above that new HHR (which previously was a fake out to the older HHR).

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Hope this makes sense.

g.
I believe . . .
  • #452
  • Jul 28, 2013 3:01pm Jul 28, 2013 3:01pm
Hi PinBar,

Many thanks for starting this thread. It has drawn my interest to the Jarroo's method. One of the main things I still struggle with though is where exactly to draw the HCR's/LCS's. Initially I thought it should be at significant swing points, however, I have seen many drawn by Jarroo and others at areas that do not look like swing points (not even minor). Your explanation/advise on this would be most appreciated. The one thing I very much appreciate about you is the way you try to explain things as simple and clearly as possible with your charts and diagrams. One other also is the 'signatures'. If I am trading off daily charts, what time frame should I dropped down to to check for 'signatures', and take my entries?
  • #453
  • Edited 8:44pm Jul 28, 2013 7:53pm | Edited 8:44pm
Quoting danjuma
Hi PinBar, Many thanks for starting this thread. It has drawn my interest to the Jarroo's method. One of the main things I still struggle with though is where exactly to draw the HCR's/LCS's. Initially I thought it should be at significant swing points, however, I have seen many drawn by Jarroo and others at areas that do not look like swing points (not even minor). Your explanation/advise on this would be most appreciated. The one thing I very much appreciate about you is the way you try to explain things as simple and clearly as possible with...
I know what you mean about sometimes minor swing points are used even though, we are told to look for the deeper swing points. The thing that strikes me is that, not all swing points are equal in their potential. A bigger SP may just as easily break than a smaller one if there are no other confluence factors behind them.

Jarroo places much greater emphasis on a consolidation box, HCR-LCS than merely the size of the swing point, I believe. Probably because there are dual or sometimes even triple levels at play.

On the point of your entry, I would stick with the H4 tf. As Ghous said earlier in one of his posts, "It is all about your personal comfort zone".
Donkey said a while back that he prefers the H4 tf as it is more reliable, I tend to agree.

Your question is something that nobody can really answer, you have to forward test both TFs and choose the one that falls into, the amount of free time you have & your personal comfort zone.
It is like when I first went to live in Japan many years ago, coming from England and being used to a much greater habitable land mass, I noticed that the personal space afforded to people in Japan was not in my comfort zone. People I did not know, sometimes even the ones I did, would stand way to close to me for comfort.
I used to get uncomfortable with the lack of personal space, but I got used to it. We adapt or change our living conditions, it is the same with TFs and entries, I believe. I am currently trying to adapt to the Daily TF, with daily space and FTAs.



Here are a few charts of EU which, I think explains what you are talking about.

Hope this helps

Hopefully Jarroo will pop in and answer some of these question directly, sometime.
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  • #454
  • Jul 28, 2013 8:14pm Jul 28, 2013 8:14pm
Quoting ghous
{quote} Well it just creates a new HHR point for price returning to the fake out high some time in future and then it will have to make a move above that new HHR (which previously was a fake out to the older HHR). {image} Hope this makes sense. g.
I hear you.

The old HHR also create an FTA for the new Swing point.

Just wondered if you have named them.
  • #455
  • Jul 28, 2013 9:16pm Jul 28, 2013 9:16pm
Still sitting on my hands but, the four I circled are the nearest to coming into play.
I shall watch how the #SQ3 daily bar closes.
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  • #456
  • Jul 29, 2013 12:56am Jul 29, 2013 12:56am
Quoting ghous
{quote} Looking forward to seeing the wick being filled on this bar. Once again no real reason for the selling to come in (probably some options at 4.25 instinctively being protected). I would like my stop at the yellow dash drawn on the chart, but its a little too close to actually execute. Will have to manually sit this through. {image} g.
We did partially fill in the wick on Friday but there just wasn't momentum at all.

I killed this one just before the markets closed on Friday.

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g.
I believe . . .
  • #457
  • Jul 29, 2013 2:41am Jul 29, 2013 2:41am
Once again PB, thank you very much for detailed and clear explanation.

1. With regards to TFs, I kind of know which TF I want to stick too, which is the daily because it's better for me due to work commitments and also J16 and most the seniors recommend the daily TF for newbs. My question was that If I was trading the daily TF and using Jarroo's method, what TF should I use to check the signatures, H1 or H4? Also, do I do my entry on the daily TF or drop down to the H1 or H4 for entry? I think the confusion sometimes is that I see you guys get a set-up on say the daily chart and then drop down TFs for confirmation, entries, trade management etc.

2. So just to clarify we can use swing points as well as consolidation box for determining the HCR-LCS?

3. Attached is you original chart, with some of my annotations in red. Are these correct?

Much obliged.

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  • #458
  • Jul 29, 2013 2:53am Jul 29, 2013 2:53am
Quoting ghous
{quote} We did partially fill in the wick on Friday but there just wasn't momentum at all. I killed this one just before the markets closed on Friday. {image} g.
Not sure why you say' It "partially filled the wick".

Did price no retrace the whole wick of the SFP bar?

Or, when you say filled, do you mean closed outside the wick of the previous bar?
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  • #459
  • Edited 3:23am Jul 29, 2013 2:55am | Edited 3:23am
Quoting danjuma
Once again PB, thank you very much for detailed and clear explanation. 1. With regards to TFs, I kind of know which TF I want to stick too, which is the daily because it's better for me due to work commitments and also J16 and most the seniors recommend the daily TF for newbs. My question was that If I was trading the daily TF and using Jarroo's method, what TF should I use to check the signatures, H1 or H4? Also, do I do my entry on the daily TF or drop down to the H1 or H4 for entry? I think the confusion sometimes is that I see you guys get a...

You sort of answered your own question there.

If you are trading the Daily levels, you should be looking at only the Daily signatures also, I would use the weekly levels on the Daily tf.

Not sure what you mean about using the swing points as HCR.

The HCR is always going to be the HCR just as, the LLS is always going to be the LLS.

You know, Jarroo touch trades these levels, he is not always looking for PA here.


The SFP uses the High or Low of a swing point as an entry.
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  • #460
  • Jul 29, 2013 3:13am Jul 29, 2013 3:13am
Quoting Pinbar
{quote} Not sure why you say' It "partially filled the wick". Did price no retrace the whole wick of the SFP bar? Or, when you say filled, do you mean closed outside the wick of the previous bar? {image}
This is what I meant:

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g.
I believe . . .
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