- Jan 18, 2019
And 1.62915 is, of course, a strong level ( I just didn't note it).Brett said:
@Raylan Thank you so much for such a detailed response. At 1.60160, there would be a moose, although the level looked good initially. And 1,62915? the price was repeatedly beaten off from it. To test the level in detail, go to the lower timeframes, m15, for example?
I look at the younger TF purely informative. For myself, I determined a confirmation on D1 on this pair. As I understand the Jarroo level for myself... This is the level where the price has turned sharply. According to the classics, the PA level is a zone, according to Jarroo-a point, that is, we get a certain advantage in coordinates, which we can use to more accurately enter the market. The best inputs according to the author, when the price flashed and fixed on D1 above/below the level, then returned to the stitched level and tested this new level ( any confirmation is allowed - D1. H4, H1 and below, although the quality also decreases). You can enter just with limits without confirming the strength of the level, you can enter the market. There are many options.
I'm also looking at levels that haven't been broken through before ( as level 1.62915), which could potentially give 4 cool entries, Three entries were confirmed by diaries ( highlighted in yellow). At the same time, the level remains relevant.
Jaarroo gave us a good idea of building levels, but without a clear entry-exit system ( we adjust it to your trading style). I don't think you should take many pairs. Each pair has its own "character and habits", where the "universal" method will not work.
P.S Note how the price tested the 1.6115 support again today...