HCR-LCS + SFP Research thread | Page 32 | 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

  • #621
  • Aug 13, 2013 4:26am Aug 13, 2013 4:26am
Quoting Pinbar
{quote} You mean ripeness as in delectable or overripe as on rotten?
No I meant just perfectly ripe.

g.
I believe . . .
  • #622
  • Aug 13, 2013 4:32am Aug 13, 2013 4:32am
Quoting Pinbar
Sitting on my hands and using the time to look at the setups that do not look like they will play out. Here is my take on this one and would appreciate Ghous'es opinion on it. {image}
Hey Steve,

Agree with all you said,

Also don't forget that no FX currency pair or individual stock/index chart is isolated and independent of the rest of the market. And whats going on overall will always have an impact on the chart you are watching. The USD is due for some major news today in a few hours and while we are not news traders just a quick view of the FF calender can give you insights on why price maybe dying down or behaving erratically specially when the abnormal behavior tends to permeate across the board in general.

As I type, on a non-bank-holiday day with news here and there, we are sitting in the most active trading session of the day yet it feels like you're watching the dead Asian sessions.

All I am pointing to, is that price dying out, could also be the result of the market plunging into the waiting mode.

g.
I believe . . .
  • #623
  • Aug 13, 2013 4:38am Aug 13, 2013 4:38am
Quoting Pinbar
{quote} No, just when I get blind from the white background. I wouldn't start messing with stocks till you get your system together have & proven it to yourself. They do not move to quite the same rules that FX does.
lol

I gotta solute you for staring at those white charts bro.

I liked them for a while till my eyes started stinging and the move back to black made life easier. And the "while" actually comprised of 15 minutes.

So yeah...hats off big time

g.
I believe . . .
  • #624
  • Aug 13, 2013 4:52am Aug 13, 2013 4:52am
Hello Guys,

At first: this thread is an excellent work!
One could never find a better public place for the deep investigation of the trading methods of Mr. Jarro and Tom "The Wizard" Dante.

Today I am planning to make a trade on XAGUSD, if the daily bar closes above the critical level. There is definitely place for the trade however it is definitely not too much. I am planning approximately 1:1 winning ratio.

If the price retests my buy limit, the probability of reaching my TP will be quite high but the question is:
would you open this trade with a relatively low RR?
Attached Image (click to enlarge)
Click to Enlarge Name: xagusd-d1-ironfx-financial-services.png Size: 33 KB
  • #625
  • Aug 13, 2013 6:39am Aug 13, 2013 6:39am
Quoting Microtrader_
Hello Guys, At first: this thread is an excellent work! One could never find a better public place for the deep investigation of the trading methods of Mr. Jarro and Tom "The Wizard" Dante. Today I am planning to make a trade on XAGUSD, if the daily bar closes above the critical level. There is definitely place for the trade however it is definitely not too much. I am planning approximately 1:1 winning ratio. If the price retests my buy limit, the probability of reaching my TP will be quite high but the question is: would you open this...

What is your reason for buying?
I would not buy it at that area for the reasons on the weekly and monthly chart.
Looks like a RT of the weekly LCS and also it is going right into that monthly spike just hanging in space.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: xagusdmonthly.png Size: 43 KB
Click to Enlarge Name: xagusdweekly.png Size: 50 KB
  • #626
  • Edited 7:12am Aug 13, 2013 6:54am | Edited 7:12am
Quoting ghous
{quote} Hey Steve, Agree with all you said, Also don't forget that no FX currency pair or individual stock/index chart is isolated and independent of the rest of the market. And whats going on overall will always have an impact on the chart you are watching. The USD is due for some major news today in a few hours and while we are not news traders just a quick view of the FF calender can give you insights on why price maybe dying down or behaving erratically specially when the abnormal behavior tends to permeate across the board in general. As I...
Oh, I was hoping you would set me straight. LOL

Thanks for the news reminder, I tend to ignore it completely.
I will check how close news is just before placing a trade though.

Totally agree on the white charts, my eyes have been paying the toll recently.
Probably switch to black for both day and night.

Just demoing the #BA out of boredom more than anything else.

The weekly IB break was the trigger, as it is in the same direction we expect it to go.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 193 KB
  • #627
  • Aug 13, 2013 7:48am Aug 13, 2013 7:48am
Quoting Pinbar
{quote} What is your reason for buying? I would not buy it at that area for the reasons on the weekly and monthly chart. Looks like a RT of the weekly LCS and also it is going right into that monthly spike just hanging in space. {image} {image}
If price closes above the weekly LCS this evening I would place a buy limit on the weekly LCS, and the SL will be under the daily trigger bar and TP is the low the monthly spike you mentioned.

This SL and TP are also around 50 pips.

I know this is surely not a very clear trade. This is why I ask it on this thread.

Is this more understandable now?
  • #628
  • Aug 13, 2013 7:59am Aug 13, 2013 7:59am
Quoting Pinbar
{quote} What is your reason for buying? I would not buy it at that area for the reasons on the weekly and monthly chart. Looks like a RT of the weekly LCS and also it is going right into that monthly spike just hanging in space. {image} {image}
Like this:
Attached Image (click to enlarge)
Click to Enlarge Name: xagusd-h4-ironfx-financial-services.png Size: 42 KB
  • #629
  • Aug 13, 2013 8:01am Aug 13, 2013 8:01am
Quoting Microtrader_
{quote} If price closes above the weekly LCS this evening I would place a buy limit on the weekly LCS, and the SL will be under the daily trigger bar and TP is the low the monthly spike you mentioned. This SL and TP are also around 50 pips. I know this is surely not a very clear trade. This is why I ask it on this thread. Is this more understandable now?
Yeah, it is not very clear.
I can see that you are trying to get in on the break of the TL but, we are in a very strong downtrend.
There is no space and price is IMHO going to get trapped in this zone area between the former LCS & the newer one.
It is an easy pass for me.

Yeah, the RT could activate your buy order then hit your SL.
There is just not enough space for me to justify paying the spread and risking my equity, when I do not have to on such a poor setup.
It may breakout, and that is ok too, it just does not interest me.
Attached Image (click to enlarge)
Click to Enlarge Name: xagusdweekly.png Size: 53 KB
  • #630
  • Aug 13, 2013 8:24am Aug 13, 2013 8:24am
Am I just newbish or there is not much jarroo trade in it?
I mean if we trade on the weekly, then we have to wait for a weekly CA, and then we cpuld enter with a daily retrace+confirmation.
If we are trading daily, then
a)jarroo would look for a lower TF confirmation and set his TP to the breakthroughcandle's high. (Take partial profit there , BE there or sg.)
b) we play with a daily close confirmation which means we wait +1 day and we watch if the next candle closes above as well.

(Please correct me, but as far as I know from the videos this is how jarroo trades!)

As I can recall jarroo doesn't touch-trade much - and in your case we would talk about a touch trade. Jarroo only touch-trades, when the SPACE is great + the confluence (support in this case) is strong too.
(A nice PPZ with Weekly+Daily levels + an EMA would be considered as a strong support that could be touch-traded imo.)
But as I can see here this trade has none if it.

Back in Mai when I discovered jarroos technique i played around with it a lot (due to university stuff I ALWAYS entered on touch, however i couldnt manage my position, when the high was reached...) - Now Im experimenting with daily close confirmation and the result is the same -> We want to have some kind of confirmation...

Cheers,
Stephen
It's all psychology...
  • #631
  • Aug 13, 2013 11:40am Aug 13, 2013 11:40am
making money on the go is always very very nice
not a perfect A level but once you get a feeling where you should put your order...

Attached Image (click to enlarge)
Click to Enlarge Name: 2013-08-13_1836.png Size: 45 KB
Price is what you pay. Value is what you get.
  • #632
  • Aug 13, 2013 3:52pm Aug 13, 2013 3:52pm
Quoting Pinbar
{quote} Yeah, it is not very clear. I can see that you are trying to get in on the break of the TL but, we are in a very strong downtrend. There is no space and price is IMHO going to get trapped in this zone area between the former LCS & the newer one. It is an easy pass for me. Yeah, the RT could activate your buy order then hit your SL. There is just not enough space for me to justify paying the spread and risking my equity, when I do not have to on such a poor setup. It may breakout, and that is ok too, it just does not interest me. {image}
Thanks Pinbar I understand your concept

An other one:

A triangle is forming on USDJPY, and it seems to be quite clear if the price breaks the line of downtrend, and the monthly HCR-s we can get huge space for a long position
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-d1-ironfx-financial-services.png Size: 34 KB
  • #633
  • Aug 13, 2013 5:39pm Aug 13, 2013 5:39pm
Breaking through the 10 BRN we could trade into some good space.

Do you agree guys?
Attached Image (click to enlarge)
Click to Enlarge Name: usdzar-d1-ironfx-financial-services.png Size: 37 KB
  • #634
  • Aug 13, 2013 7:50pm Aug 13, 2013 7:50pm
Quoting Microtrader_
Breaking through the 10 BRN we could trade into some good space. Do you agree guys? {image}
Sorry, I do not like the look of either of them.
USD/JPY is going to be trading into the VBRN and a ppz.
As for USD/CAD, looks like this area has already flipped to resistance.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpymonthly.png Size: 119 KB
Click to Enlarge Name: usdcadweekly.png Size: 77 KB
  • #635
  • Aug 13, 2013 8:20pm Aug 13, 2013 8:20pm
Sitting on my hands and trying to use the time to invalidate bad setups.
This large bar that closed below caught my eye this morning but, after about 10 seconds of looking at it, it is a pass.
Need to get the time to invalidate these down to 0.2 seconds.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchfdaily.png Size: 73 KB
  • #636
  • Aug 14, 2013 1:05am Aug 14, 2013 1:05am
Quoting Pinbar
Sitting on my hands and trying to use the time to invalidate bad setups. This large bar that closed below caught my eye this morning but, after about 10 seconds of looking at it, it is a pass. Need to get the time to invalidate these down to 0.2 seconds. {image}
Agree Steve,

I was pretty close to pulling the trigger on this one but I too feel the cons over weigh the pros here. Space would be my biggest concerns with all those upper wicks coming in the way and just the general mess we are in.

g.
I believe . . .
  • #637
  • Aug 14, 2013 1:10am Aug 14, 2013 1:10am
This is a trade I am.

EUR/GBP long right off the proven PPZ. We have implicit divergence and confluence with a trend line.

An ideal entry it seems was bang at the close of the fake out bar (would have gotten in a few pips earlier) but I wanted to see through the first few hours of the day for any hints of a wick filling activity (we are near a swing high anyways) but so far this has remained true to the bullish order flow that created the wick.

No set final take profit on this one as yet. As is often the case I'd like to see how this unfolds before determining any real final targets on this one although 8700 is one I am looking at.

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.png Size: 28 KB


g.
I believe . . .
  • #638
  • Aug 14, 2013 3:47am Aug 14, 2013 3:47am
Quoting ghous
This is a trade I am. EUR/GBP long right off the proven PPZ. We have implicit divergence and confluence with a trend line. An ideal entry it seems was bang at the close of the fake out bar (would have gotten in a few pips earlier) but I wanted to see through the first few hours of the day for any hints of a wick filling activity (we are near a swing high anyways) but so far this has remained true to the bullish order flow that created the wick. No set final take profit on this one as yet. As is often the case I'd like to see how this unfolds before...
Pulled out for a half bar loss. 8600 seems to be resisting, and we know how the wick can then answer the question of the path of least resistance. I was anticipating a quick burst above 8600, and although this is far from over I am out now that I know I don't have what I had expected off this one.

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbpdaily.png Size: 49 KB


g.
I believe . . .
  • #639
  • Aug 14, 2013 4:25am Aug 14, 2013 4:25am
Quoting ghous
{quote} Pulled out for a half bar loss. 8600 seems to be resisting, and we know how the wick can then answer the question of the path of least resistance. I was anticipating a quick burst above 8600, and although this is far from over I am out now that I know I don't have what I had expected off this one. {image} g.
Hmmm. Mike said on the james16 thread that he doesn't find this setup appealing due to lack of space.
Could you guys take some negatives on the traid? (Cause personally I would have entered too...)

Thanks,
Stephen
It's all psychology...
  • #640
  • Aug 14, 2013 4:28am Aug 14, 2013 4:28am
I promise I will also show you my failed trades. However, most recently I could not find a level that did not work.

Today, EUR/USD is presenting us with a nice support&resistance flip. Almost at second target and almost time to call it a week with 2/2

Attached Image (click to enlarge)
Click to Enlarge Name: 2013-08-14_1125.png Size: 95 KB
Price is what you pay. Value is what you get.
0 traders viewing now