Too bad we are all in contact with text messages, which you can't really know how people are expressing what they said. So I'm sure there will be some misunderstanding during the conversations.
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
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,...
Yes, whatever got riled up in me I got rid of....posting can be a catharsis. After all, how can you be upset with the holder of the most pips for a SonicR trade? For the time being, kevinchan is "King Piper" here!
I hardly get upset ! I didn't know that he was the "King Piper" ! I have a very touch schedule lately and I didn't had time to go through every post these days ... i see, so when sonicR wave formation occur after ranging rectangle and tell us to go long we better wait a break first. this is a winning trade actually but i closed it manualy when H L LH form. because this is an asian sesion after all. thanks basber for your comment basber, i will more carefull next time. one more knowledge for me
Noer, I am just a beginner student, but your pic is still valuable for me and maybe other Sonicers who want to understand the volume in combination with the waves.
You see the ranges you drew. Then notice how the market players first drive the price down, taking out the stops of buyers, before they move higher. This down move was on low volume ( no real selling interest ). Similar in the down spike for only 1 candle before the last strong move higher.
Watching TAH`s posts and learning to see this better starts to make sense.
Hope this helps....
......holder of the most pips for a SonicR trade? For the time being, kevinchan is "King Piper" here!
Too bad we are all in contact with text messages, which you can't really know how people are expressing what they said. So I'm sure there will be some misunderstanding during the conversations.
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
Hey...I am honoured, thank you !
Its no rocket science to make most pips on a trade. I have patience so I wait for a good setup and again patiently wait to see a good exit setup or a reason, could be news, etc.
I may wait for a month or even longer to exit, I let my trade run for as long as I think it can go. By not trading daily, I eliminate a lot of bad trades and increase my pip count!
My chinese zodiac is Snake and one of Snakes characteristics is to wait for its prey and pounce on it when its time. [b]I guess I don't have to learn...
hi michael, thanks for your opinion. i think i will read TAH post about PA and Volume, but for now im still confused
Confused ?! So you are in right path ! You should worry if you aren't confused. It shows that you are learning new things and challenging the old thoughts you have about this market.
Regards,
Basber
So you passed through one of the most challenging tasks in this business ... Waiting ! I wish I was born in the same year ... saved me a lot of money
Regards,
Basber
LoL!
My son who is 18 years old, learning fx from me, will be finishing his high school and starting university later this year.....at times trades better than me since he looks at stuff differently, after all a young gun!
The young are not so skilled in arrogance as we adults. They explore, while we predict!
