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- DaGrizlyBull replied Aug 30, 2012
I have a question regarding with the situation on the post above (mine) and PBT method. How often will price shoot down without a larger retest? The situations i thought about are: 1) PBT&CB, small retest the next day and shoot down 2) PBT&CB, small ...
james16 Chart Thread
- DaGrizlyBull replied Aug 30, 2012
Hey. I noticed that also. I already entered on the next day retest (PBT CB). I have a similar pending order on other pairs with the similar situation, but i don't know if it will retest it again (See AUDCAD, NZDCHF, AUDUSD , EURNZD). Good luck ...
james16 Chart Thread
- DaGrizlyBull replied Aug 30, 2012
So there si no rule to which side the HCR or LCS should be broken? I see you agreeed with the sell decision when the HCR level was broken to the downside and closed below. I thought HCR need PBTCA and LCS need PBTCB to be a valid trade. Why wouldn't ...
james16 Chart Thread
- DaGrizlyBull replied Aug 29, 2012
I started reading it cause i noticed it on your favorite books in profile section a while ago lol.
james16 Chart Thread
- DaGrizlyBull replied Aug 29, 2012
Does the PBT method work better when we are taking only Breakouts with the trend? I'm new to it, so excuse me if that s silly lol. I currently have limit orders on: AUDCAD, NZDCHF, AUDUSD, EURNZD, GBPAUD. I'm in NZDUSD short also at 8044. Do these ...
james16 Chart Thread
- DaGrizlyBull replied Aug 29, 2012
I was just about to say that. Are there degrees of acceptable Break and Close ? That example is way too low for me to confirm that the level was breached.
james16 Chart Thread
- DaGrizlyBull replied Aug 29, 2012
Thats not a pinbar in my book. I had to struggle to notice it
james16 Chart ThreadIf it had the nose down into the grey area it would have been a great PBT & CA opportunity with pinbar confirmation I think....
- DaGrizlyBull replied Aug 29, 2012
Give or take. It's my idea of trouble areas along the way.
james16 Chart Thread
- DaGrizlyBull replied Aug 29, 2012
I'm watching this also. Hopefully that Weekly level Chanya pointed out would turn resistance at the potential retest. image
james16 Chart Thread
- DaGrizlyBull replied Aug 29, 2012
In that screenshot, he highlited another PBT CB, a more recent one (in progress now, awaiting retest). The one i pointed out already developed.
james16 Chart Thread
- DaGrizlyBull replied Aug 29, 2012
I see. Good point. So we want to make sure we have enough room to FTA to get a decent R/R out of it and higher potential?
james16 Chart Thread
- DaGrizlyBull replied Aug 29, 2012
Is this a good idea? Also, what does SPS mean? image Thanks!
james16 Chart Thread
- DaGrizlyBull replied Aug 29, 2012
Hey Pinbar, I'm new to Jaroo's strategy, but would this have been a legit setup? image
james16 Chart Thread
- DaGrizlyBull replied Aug 28, 2012
But why should it work? It would have to break that level more often than bounce on these levels to make sense. After all, swing lows should be levels where demand exceeded supply ; and swing high should be levels where supply exceeds demand. The ...
james16 Chart Thread
- DaGrizlyBull replied Aug 28, 2012
Hey guys, I just finished reading the PDF about Jaroo's method. And from what i can tell, its basically ANTICIPATING a specific level to become a PPZ. 1) A previous high being broken to the upside and being retested as support 2) A previous low ...
james16 Chart Thread
- DaGrizlyBull replied Aug 28, 2012
You are right...My bad. Don't know what i was thinking with that equation lol....So wrong.Need to get my sleep in order. I wanted to say that when Com are heavy net long, Large specs are heavy net short and viceversa (thats why i said that they ...
Why Is Price Doing What It's Doing?
- DaGrizlyBull replied Aug 28, 2012
Ok. I'm just saying what i read in Larry William's COT book. Good luck!
Why Is Price Doing What It's Doing?