DislikedExcuse me still learning here and this is what I can explain from the chart
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Daily
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1H
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15M
Shown on daily look consolidating on 1 H it favor up trend, so I think it best to wait for buy signal on 15 M after break 1.0505
please correct me if I'm wrongIgnored
But the principle's are simple, look for a high, a low, and a lower high or higher low (this is just elliot wave broken down to its smallest element), depending on which side of the tunnel dragon you are looking to trade.
Basically you look for longs when the dragon is pointing up and above the 89 ema, and vise versa.
Higher TF's are just a bias, which really means nothing unless your looking for a 100-200 pip move. 15m timeframe has some noise but I notice most people here shoot for 10-40 pips and are out.
In my opinion where the sonic system REALLY shines, is the VSA (Volume Spread Analysis) element. MA's are lagging indicators, while good, might put you in a trade late. Volume is really where it shines, you can see where smart money is moving. And if the herd is getting behind a movement or not.
Don't forget when deciding a setup as well to draw support and resistance on your chart, a few of the veterans on this thread don't post their charts marked up, or might not even do it as they can see it mentally but if your just learning, do it, otherwise you will forget it when all the other signals line up.
Cheers and happy tuesday~
Mezzy