3 hrs later...
CLose for a near +120 pips..
Inserted Video
Sonic
The System Behind the System, by Merlin Jeffries 16 replies
Sonic R.evolution 93 replies
Old School Sonic System + Other Things 11 replies
Knife system, Vegas 4h system related questions. 4 replies
Would you trade this system? New system #2. 10 replies
DislikedIgnored
DislikedHi Sonic,
It seems that for today's trade, there was no waiting for the wave to happen (No L-H-HL-HH). I don't understand the stopping volume part as well and why the dragon has a thick portion in the middle. I guess its time for me to go back to page 300 and keep reading till I catch up!Ignored
DislikedBesides the wave pattern later on there was also.
1. A hammer
2. Inverted hammer
3. Engulfing candle
4. Retest of the engulfing candle
5. High volume on the hammer
It does not any get clearer than that - Buy the fcuker...
Regards,
H.Ignored
DislikedAU:
Per previous post, entered SonicR short (EP= 1.0611).
Some will clammer "Hey! It is not the London session yet! What gives?" We are in strange times. The asian session has been yielding some nice looking setups that actually do something! In this case, maybe PA will move down nicely, or as is so traditional for the asian session, maybe it will stall, reverse and not do much until the London session. We don't know. I don't know. But I decided to risk it, just in case. In all other respects, this is a valid classic SonicR short setup...Ignored
DislikedGU:
Per previous post on this pair, entered short (EP= 1.5749). With FO/LO, US open, and USD high impact releases yet to come, this could still be subject to up/down swings as the BBs posture.Ignored
DislikedGU:
My GU SonicR short trade triggered at 1.5699 and did not made it down to TP1. There is currently a spike in price and volume at the top of a many hours run, so a turn down again might be impending. I am selecting TP2 as the primary target for today.Ignored
DislikedHi TAH
I notice that unlike some traders you do not appear to worry too much about support or resistance when you take a trade.
For example if a price has fallen then picks back up, then breaks back down again you don't worry about the previous low.
Am I right ?Ignored
DislikedUChf 4h show a doji at support line and 15 min show a L-H-HL. Is this a valid sonic setup ?Ignored
DislikedI am concerned, as we all are. I am especially concerned when PA reverses thru the Dragon. And even when PA is on the correct side of the Dragon, I am concerned about whips that might not be whipsaws, but whips that are reversals, like today. I have had it difficult learning to use a SL; to set it hard and obey it, and to move it to BE+ at a good time to do so.
I was lucky today. Three trades I entered had already gained 25+ pips when I had to close down before the London[color=black][font=Verdana]...Ignored