EJ is following the same pattern as per post 9435
The 4hr TL isn't a large as the previous example but the pattern is the same
Pablo
The 4hr TL isn't a large as the previous example but the pattern is the same
Pablo
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DislikedM15 X 4 = H1
M15 X 16 = H4
Muhammad , don't you think the H1 is more suitable ?
We are trading M15 chart .
As far as I know X 4-6 times is considered the appropiate ratio.
Just my 2c
DavidIgnored
DislikedI'll start us off, Muhammad, as I think this is a great idea.
I am on "SonicR Watch" for a short SonicR on the UJ. As you can see on the H4, Price rallied above resistance, tested that resistance as support, rallied to a new high, and then fell back to the new support level. Price has broken below that new support, and now has formed a bear flag testing that resistance level. I will be playing a Sonic short on the M15 for a 100 pips and 200 pips TP's.Ignored
DislikedNow ddaytrader, what am I supposed to make of this here chart of yours? You have pulled in a lot of candle data, but those pretty green lines have no instructional or educational value until it is shown by you just how they were derived by displaying the full FE or the FR tool placement!
Geez, my friend, if anybody else did that you'd be crawling all over them!Ignored
DislikedNow, TAH, that is the same old FE, with profit targets at the 1.61, 2.62, and 423 fib levels (I choose notto junk my chart up with too musch data, so I call them profit target with the price level on each line). Anchored at the high, low, lower highIgnored
DislikedI do not know. Like I said last night about my own short GU trade - sometimes it is helpful to take all the extraneous stuff off of my chart, and scrunch as much data in the price pane as MT4 wil allow, and then all of sudden, things look different. I think you do what we all do - we focus so much on the waves, we sometimes miss the ocean!
I'm not trying to make a call. I'm just showing what the waves seem to be presenting. Perhaps you are also trying too hard to make calls, and as a result, you are putting too much You into your analysis,...Ignored
DislikedAnother fantastic medicinal ddaytrader post! By the time we all learn to do what ddaytrader talks about here, we should all have degrees is self-phsycology!
Good reading. Thanks, ddaytrader!Ignored
DislikedTrue. Ddaytrader communicates very accurately to explain the SonicR trading.
It was his posts that got that 'click' in my mind and everything started to make sense.
I think he is very important to this thread.Ignored
DislikedThe chart is from Vytautas but I ask myself all the time this question...
In the chart we have a sonic setup BUT also we see the down channel drawn by the indicator (or manualy)
Every time the price touched the upper channel , price got res. and went down .
There is a contradiction . Sonic wave says go Long.
Indicator says , be careful , price may move down ...
even , take a short ...
So what we do now ?
We took the long trade and forget about the down channel ?
If we do not take the channel into consideration , why to use it ?Ignored
DislikedAnyone still have a copy of "forex trading for maximum profit" by raghee horner to share?
for some reason my version only able to read until page 114.Ignored