We are in ultimate overhead resistance now...
Shake or break..
Sonic
Shake or break..
Sonic
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- #16,845
- Jan 19, 2011 6:04am Jan 19, 2011 6:04am
- | Joined Jan 2010 | Status: Trader | 1,354 Posts
"Being picky only cost your time - not MONEY"...Hans
- #16,848
- Edited 1:47pm Jan 19, 2011 1:19pm | Edited 1:47pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Agree on that..but we can have lil retrace as it is super resistance..
I wanna bet on LONG too..
Sonic
).I took some time to lay out a Daily chart:
1. You both might be a tad low in your estimate. Things seem to be pointing to the 1.3725 quarter number area.
2. This could be well out into the year, say summer, June+
But, we all know that regardless of long term direction (or speculation on it), the Sonic R System finds trades in both directions because it is equally adept at setups with and against the supposed trend.
- #16,849
- Jan 19, 2011 1:59pm Jan 19, 2011 1:59pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #16,851
- Jan 19, 2011 2:23pm Jan 19, 2011 2:23pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
shorted A/u @ 1.0017 base on technical setup, fundamatally i believe that the CNY interest raise will hurt the aussie. Tp open at the moment . cant post chart now
So, I will watch and see what the aussie traders do, and maybe re-enter short again.
Again, thank you for your post, zz_zhang!
- #16,852
- Jan 19, 2011 3:18pm Jan 19, 2011 3:18pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #16,853
- Jan 19, 2011 3:25pm Jan 19, 2011 3:25pm
- Joined Feb 2009 | Status: Trader | 1,292 Posts
Trading methods are designed to put the odds in our favor, not predicting.
- #16,854
- Jan 19, 2011 3:33pm Jan 19, 2011 3:33pm
- Joined Feb 2009 | Status: Trader | 1,292 Posts
Trading methods are designed to put the odds in our favor, not predicting.
- #16,855
- Jan 19, 2011 3:39pm Jan 19, 2011 3:39pm
- Joined Feb 2009 | Status: Trader | 1,292 Posts
TAH
We ALL need you here.
We ALL need ALL of your posts
This thread is NOTHING without your contribution
Thank you for EVERYTHING
David
From the bottom of my heart ... :
To me, TAH is a very patient teacher, very humble in arguments, very open in new thoughts, very kind in helping and the last but not least, a very great friend, although he's much older than me
I assure everyone that no one, NO ONE put the time TAH put in this thread helping others, including me.
Best Regards
Basber
Trading methods are designed to put the odds in our favor, not predicting.
- #16,856
- Jan 19, 2011 3:41pm Jan 19, 2011 3:41pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
If it reaches 0.995x level, I would have hold that short if I were you ...
Regards,
Basber
Hey, doesn't anyone believe in posting charts? (Oops! While posting this, I see Basber came thru with a very good recommendation, and H1 chart to boot!)
- #16,857
- Jan 19, 2011 3:48pm Jan 19, 2011 3:48pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
I think no one who reads the thread for even few months, don't have any doubt about what you'd said.
From the bottom of my heart ... :
To me, TAH is a very patient teacher, very humble in arguments, very open in new thoughts, very kind in helping and the last but not least, a very great friend, although he's much older than me
I assure everyone that no one, NO ONE put the time TAH put in this thread helping others, including me.
Best Regards
Basber
Well, you should know that the "older" friends are the best friends, because they have lived longer and know the cost of friendship....and are still willing.
- #16,858
- Jan 19, 2011 3:49pm Jan 19, 2011 3:49pm
- Joined Feb 2009 | Status: Trader | 1,292 Posts
Hai all,
This Morning I see a sonic setup at NU.. Not the Hour Yet, but im quite sure that is sonicR pattert.. im still learning so please dont mad at me(
I believe it's too late to enter long in this trade ... If you don't want to consider the candle/bar before the signal candle that closes barely above the dragon a signal candle, your signal candle closed far above the dragon, besides this setups occurs just in the middle of a ranging rectangle. You're entry is just few pips below the resistance above.
In conclusion, your wave formation is fine, but the locations of the wave according to the ranging market and the level of your entry according to being far away from the dragon and more importantly, being too close to the resistance above comparing to SL you should have, is not very good.
I don't know the results of this trade. I adhere to my opinion whether it's a loser trade or a winning trade.
Afterall, it's just my 2 cents
Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
- #16,859
- Jan 19, 2011 3:50pm Jan 19, 2011 3:50pm
- Joined Feb 2009 | Status: Trader | 1,292 Posts
On board after reading for about a 3 months, page is favorited and im making this work not matter what! ill try my hand at posting a trade setup in advance if i see one tonight. Only watching the eur/usd for now so as not to get overwhelmed.
Waiting to see more from you in near future. It's very good to start with one pair. Just don't get bored if you want the money ... You'll expand you're field when you master this method
Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
- #16,860
- Jan 19, 2011 4:00pm Jan 19, 2011 4:00pm
- Joined Feb 2009 | Status: Trader | 1,292 Posts
I din't mean to be harsh, take it easy buddy.
Every indicator deceives, has its flaws so does volumes - we don't know
for sure if its for buy or sell, Nando_rich clearly got carried away with it
and I feel pity he had no exit plans. I hate to see anyone lose.
Please continue doing what you do, may the force be with you.
I'm sure you didn't meant to be hursh and I'm sure TAH took it easy. He always does.
Hope to see more from you either, Kevin
Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.