Could it be that the pin/wick cleared the demand and setting the stage for a push lower?

james16 Chart Thread

Quote this one worked out well. Today's low was within 2 pips of the daily HCR. Today's close gives confirmation that the level is now support. This was the type of move I was looking for out of EURAUD that I entered last week, and have since closed ...

HCR-LCS + SFP Research thread

I think that is a reasonable scenario. I am keenly watching the HCR and associated high I have marked as this is an important area. If we have SFP in that area I would certainly think a run down to 132.8 is likely depending on if any space or ...

HCR-LCS + SFP Research thread

Story on EURUSD...watching not trading....goes back to earlier post about missing entries when the close is above the highs of HCR bar. I will follow this chart with notes on how I consider trading these setups. This goes along with pins diagram as ...

HCR-LCS + SFP Research thread

That is a brilliant digram pin. That jumps out at me is the SFP candle closed below the HCR you marked. To me that is a perfect example of using the HCR and SFP concept as confluence. The SFP candle in that diagram is a bearish signal, and the ...

HCR-LCS + SFP Research thread

good thing you took that quick profit on dragon pinbar. 15 pip drawdown below the HCR and BAMMMMMM as our good buddy jarroo would say!! image

HCR-LCS + SFP Research thread

Looking at our trades they are very similar. I entered a slight retrace of the daily bar, which ended up being about the same as your entry on the 4H looked. I believe I may have had a wider stop as my stop is on the other side of the daily bar. Our ...

james16 Chart Thread

I think you've got it. You have to be aware of highs and lows in the market, especially on daily TF and above as there is usually alot of order flow around those areas. It is very important for me for the PBT&CA/B bar to close above the high or low ...

HCR-LCS + SFP Research thread

Yep we're on a similar page no doubt. One thing that I see trading around these areas is that I have the most success when I reduce risk (not necessarily to BE) quickly. You can catch runners, but price can easily reject quickly at these levels too. ...

HCR-LCS + SFP Research thread

Very nice....are you in as an SFP setup? Would be interested in hearing your trade reasoning here. When I look at PBTCA/B with no other confluence there's usually a 50/50 chance on if it will work or not, which is why I like the multiples lining up, ...

HCR-LCS + SFP Research thread

Thanks pin. Yes I use HCR/LCS levels in confluence as a sign of a higher probability set up - in this case a continuation. When the bar closes above the highs associated with the HCRs or below the lows of the LCSs, I see that as a sign of strength. ...

HCR-LCS + SFP Research thread

Didn't notice anyone playing Wednesdays outside bar on EURGBP. I liked the close and that in engulfed the 2 previous days bars. image

james16 Chart Thread

Here's how I'm using jarroo's stuff playing the weekly EUrAUd BUOB, which closed above 2 weekly HCRs. I like to use 4H to target retrace entries and stop positions for daily and weekly closes above/below their respective HCR/LCS levels. This one ...

HCR-LCS + SFP Research thread

Been away from the markets and forums for a while and just saw this. Will definitely be reading and chiming in from time to time.

HCR-LCS + SFP Research thread

Watched the 5am (NY time) EJ bar close with much interest. I was looking for a close below 130 BRN/PPZ. Ended up passing as the zone is currently looking to hold as support.

james16 Chart Thread

What a thorough video!! Thanks for taking the time to put this together. It helps me tremendously.

LJ Forex Group

Thanks for your reply....identifying fresh zones is definitely something I need to work on. Swap zone? Supply switching to Demand or Demand to Supply? I'm not familiar with that term. Thanks again for your response!!

LJ Forex Group

A few observations on EJ.... Price looks to be compressing on the 1 HR chart after the strong move. I looked at the weekly chart and there seems to be old weekly supply. Is this supply too old to consider? image Couldn't zoom lower than 1 HR...but ...

LJ Forex Group

Thank you very much for the response. I watched your webinar on FTB on the guild last night and the point on DP's, substance and clear edges was pointed out very well. Really great webinar. After viewing that I would consider some of what I was ...

LJ Forex Group

Not Jarroo, but I've been studying and trading his method for a while so I'll give a thought or 2. Jarroo teaches his HCR and LCS principals at multiple locations and as J16 teaches for Pins and outside bars the most obvious ones are best...and ...

james16 Chart Thread