THIS THREAD IS NOW ON HOLD.
Ghous opened his own thread and I am over there learning with him.
The order flow is what all these methods are about so, if anyone wants to learn further, please visit the "Mastering The Art of Trading" thread and read from post 1.
Here is the link. http://www.forexfactory.com/showthread.php?t=444115
This Thread is without doubt, not for people new to trading.
If you do not know the basics of S&R & Price action you are only going to confuse yourself as, the concepts and entries discussed in this thread are rather advanced. To say the least.
Any people really new to trading should go to baby pips
Babypips.com and do the free, full trading education you can get there.
It is a great site and I spent a month doing the course myself years ago.
Then study the J16 thread from page 1. The people in the J16 thread, are great people and will help anyone learn PA without a personal agenda.
Sure, I would recommend the J16 private forum for those that need to learn at a quicker pace. But, everything is already in the J16 thread.
It just takes some time to find it. Also, take special note of Jarroo's HCR-LCS posts in the J16 thread. As, if you do not know what they are & how to find them, you will not understand what we are doing in this thread.
This thread is not intended to give people trade setups, it is for studying the theory and practice of these methodologies.
Anyone who takes trade setups that are shown in this thread, do so at their own risk & responsibility.
Be smart & safe, open a demo account to practice any and all things you have learned in this thread or any other.
I opened this thread, not to teach Jaroo's methodology of the HCR-LCS, nor the SFP but, to further my own and possibly other people's research, into Jarroo's HCR & LCS methodology along with Tom's (The Wizard) Swing Failure Pattern. Basically, this means we are studying the Order Flow. Without an understanding of this, we may as well flush our money down the toilet &, we don't want to do that. Forex & trading is a hard business and that is why 95% of people trading, fail.
Think about it, if you have a shop and sell dead parrots, like the Monty python sketch. You are going to have to be very clever to sell them.
How many people will buy a dead parrot? None in reality but, basically that is what the big corporations are doing, they are making something look appealing to the masses, for their own agenda. Looks good till after they buy it or sell it. By which time it is too late.
Why open a new thread you may ask?
This thread sprang from the J16 thread & has been opened because, I have realized how almost inseparable the HCR-LCS combined with the SFP is.
I felt that posting SFP setups in the J16 thread is and, will only confuse a lot of new people who join the J16 thread to learn Price Action.
This is because, new people tend to see a post about an H1 setup being posted & then want to trade an hourly or even M5 chart, without having the base of knowledge of Support & Resistance on the higher time frames. It is simply not possible to trade a small Time Frame, without the understanding of Support & Resistance on the Monthly, Weekly & Daily charts.
Also as Tom's thread does not utilize the HCR & LCS in the same manner that we do, I do not want to take his great thread off track, either.
Link to The Wizard's Fail Better Thread which is not really about failing at all but, the Swing Failure Pattern.
Link to the J16 Price Action Thread
Hopefully, Jarroo will pop in from time to time and give us guidance from his watchful eye.
You may well see Hourly or even lower time frame setups being taken with the above two mentioned methodologies. However, and this is important, so read it twice.
Most of these setups mentioned will utilize Monthly, Weekly & Daily Levels.
Please keep this thread specific to PA, HCR-LCS, SFP & Ghous'es Fake Out which is actually a very logical way to spot false breakouts.
Also, please do not post links to threads outside FF, advertize your own thread or spam this thread.
We don't want any flame wars and if anyone starts flaming, or does not observe the above, there will be no choice other than to remove the person.
Let's keep this friendly, informative & on track & mostly indicator free.
Ghous opened his own thread and I am over there learning with him.
The order flow is what all these methods are about so, if anyone wants to learn further, please visit the "Mastering The Art of Trading" thread and read from post 1.
Here is the link. http://www.forexfactory.com/showthread.php?t=444115
This Thread is without doubt, not for people new to trading.
If you do not know the basics of S&R & Price action you are only going to confuse yourself as, the concepts and entries discussed in this thread are rather advanced. To say the least.
Any people really new to trading should go to baby pips
Babypips.com and do the free, full trading education you can get there.
It is a great site and I spent a month doing the course myself years ago.
Then study the J16 thread from page 1. The people in the J16 thread, are great people and will help anyone learn PA without a personal agenda.
Sure, I would recommend the J16 private forum for those that need to learn at a quicker pace. But, everything is already in the J16 thread.
It just takes some time to find it. Also, take special note of Jarroo's HCR-LCS posts in the J16 thread. As, if you do not know what they are & how to find them, you will not understand what we are doing in this thread.
This thread is not intended to give people trade setups, it is for studying the theory and practice of these methodologies.
Anyone who takes trade setups that are shown in this thread, do so at their own risk & responsibility.
Be smart & safe, open a demo account to practice any and all things you have learned in this thread or any other.
I opened this thread, not to teach Jaroo's methodology of the HCR-LCS, nor the SFP but, to further my own and possibly other people's research, into Jarroo's HCR & LCS methodology along with Tom's (The Wizard) Swing Failure Pattern. Basically, this means we are studying the Order Flow. Without an understanding of this, we may as well flush our money down the toilet &, we don't want to do that. Forex & trading is a hard business and that is why 95% of people trading, fail.
Think about it, if you have a shop and sell dead parrots, like the Monty python sketch. You are going to have to be very clever to sell them.
How many people will buy a dead parrot? None in reality but, basically that is what the big corporations are doing, they are making something look appealing to the masses, for their own agenda. Looks good till after they buy it or sell it. By which time it is too late.
Why open a new thread you may ask?
This thread sprang from the J16 thread & has been opened because, I have realized how almost inseparable the HCR-LCS combined with the SFP is.
I felt that posting SFP setups in the J16 thread is and, will only confuse a lot of new people who join the J16 thread to learn Price Action.
This is because, new people tend to see a post about an H1 setup being posted & then want to trade an hourly or even M5 chart, without having the base of knowledge of Support & Resistance on the higher time frames. It is simply not possible to trade a small Time Frame, without the understanding of Support & Resistance on the Monthly, Weekly & Daily charts.
Also as Tom's thread does not utilize the HCR & LCS in the same manner that we do, I do not want to take his great thread off track, either.
Link to The Wizard's Fail Better Thread which is not really about failing at all but, the Swing Failure Pattern.
Link to the J16 Price Action Thread
Hopefully, Jarroo will pop in from time to time and give us guidance from his watchful eye.
You may well see Hourly or even lower time frame setups being taken with the above two mentioned methodologies. However, and this is important, so read it twice.
Most of these setups mentioned will utilize Monthly, Weekly & Daily Levels.
Please keep this thread specific to PA, HCR-LCS, SFP & Ghous'es Fake Out which is actually a very logical way to spot false breakouts.
Also, please do not post links to threads outside FF, advertize your own thread or spam this thread.
We don't want any flame wars and if anyone starts flaming, or does not observe the above, there will be no choice other than to remove the person.
Let's keep this friendly, informative & on track & mostly indicator free.