Hello Tah.
What do you think about usd/jpy long ?
Im going to take it.
Looks like a good hammers candles up
What do you think about usd/jpy long ?
Im going to take it.
Looks like a good hammers candles up
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DislikedHello Tah.
What do you think about usd/jpy long ?
Im going to take it.
Looks like a good hammers candles upIgnored
DislikedStill preliminary, but I would be expecting a lower EP area to be created by PA; somewhere as shown on attached chart.Ignored
DislikedIn the attached black M15 you can see the highlighted candle making a low out of the Dragon right at the US open. It would be two more TFs before price passed that low, but that low would be the reference for EP, where I have placed a white line. It was the first tall candle that passed that low. That was the candle that gave the SonicR entry. Does this help?
Edit: Added two more charts. The expanded M15 shows The WAVE using the FE study to draw the first two legs of it. The FE study provided confirmation of an H4 support area as near the FE 200%...Ignored
DislikedThanks for the pictures.
Sorry if I stress on this point but as a general rule in case of long bars piercing the dragon (15 pips or more for example) the entry point is still 5 - 7 above or below this candle?Ignored
Dislikedi have circled 2 areas, 1st one you took the trade, second one was almost identical setup to the 1st one yet it wasnt considerd a sonic setup and it actualy whent against it. can you explain why you wouldnt have taken the trade on the second circle. im finding it very hard to tell apart the W shape from the M shape.Ignored
DislikedHi TAH
I have only recently stumbled on this fantastic thread and I am slowly wading through it.
I have got the general gist of the thread and now I am trying to learn the nuances. I have worked out most things but could you or someone correct me if I am wrong
FE = Fib expansions?
ep = entry point?
" the PPMs fully loaded and ready for the pump?" I have no idea what this means.
ppm=?
pump?
Thanking youIgnored
DislikedWhen you say, "...long bars piercing the dragon..." it gives the image of a candle going into the Dragon, not out of the Dragon. So let's be clear on this point; it does not matter how long the candles are when they EXIT the dragon.
What we look for is the angle of the Dragon, a candle coming out of the Dragon and closing. If the angle of the Dragon is up, and subsequent PA pushes past that "upwards exiting candle", then we may have a setup. If the angle of the Dragon is down, and subsequent PA pushes past that "downwards exiting candle",...Ignored