Dislikedhave you got any idea for trading today?? maybe a re-entry if the PA pullback nice to 1.440X??
Regards.Ignored
looking to 1.44xx...as overhead resistance
But looking bearish...so stay side line..
Sonic
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Dislikedhave you got any idea for trading today?? maybe a re-entry if the PA pullback nice to 1.440X??
Regards.Ignored
DislikedHi All,
Does anyone know how the RGH and RGL are calculated?
I understand they are mathematical support and resistance based on daily average movement... but how exactly can i calculate these on my own??
CheersIgnored
DislikedTAH, we have a chance to go another 100 pips down (my ideal target is around 1.429) before any major move up.Ignored
DislikedHi All,
Does anyone know how the RGH and RGL are calculated?
I understand they are mathematical support and resistance based on daily average movement... but how exactly can i calculate these on my own??
CheersIgnored
DislikedHi Piphunter,
Please explain your chart why you labelled "Failed" and "Good" signals, as I really don't understand how you labelled in that manner.
Looking at your chart, from left side, where price is Above the Magenta Moving Average, most times when you go Long just above the Dragon, it is a Good signal as long as you take pips profit earlier.
The point for Long is look at how price go below the Dragon for a short while, then re-enter itself above the dragon for a good signal for Long.
From right side, where price is Below the...Ignored
DislikedFrist, it's not my chart, it was TAH's, I was not talking about how i take the trade, it was how TAH does it. generally say, PA corss up dragon long, and PA corss down the dragon short. you can look at the last EU long trade TAH take as example. it was fail signal.
The piont I making is, dragon, like all the MAs, will only work on some market condition, it's not reliable, compare to purely use wave and S/R. as you said, take profit earlier may work, but how early is early, also is not so early to miss the big run?? only will know afer the event....Ignored
DislikedOK in that the original chart belong to TAH.
However you post does not explain why you labelled "Good" and "Failed" signals as the labels seem to be opposite.
If you are referring to how TAH trades, most of his recent trades are more like "Sonic Scout", where as I am referring your original post as "Sonic Classic".
The "Sonic Scout" taken did not rely as much on where is price relative to Sonic Dragon.
"Sonic Scout" taken rely more on Price Wave and S&R, and doing the opposite of where price seem to be going for the moment.
So...Ignored
DislikedTAH, we have a chance to go another 100 pips down (my ideal target is around 1.429) before any major move up.Ignored
Disliked4 hrs later my safety target above the magic whole number was hit, ~140 pips banked (right pic shows the very last moment before the hit).Ignored
Dislikednice trade, Sunbrella
but I see your entry and target was more based on EWT?Ignored
DislikedTAH last EU long was class Sonic R,
I label signals is where when you 100% to follow sonic R rule, you would get the stop hit before the trade run to your TP, or at best hit stop at BE no matter you trying to catch the reversal or join the trend. Being very patiencet and selective is vital for situation like this. how to being selective and not overtrade, is different for everyone, removing the dragon could be one of the solution for some people.
when the market shown you the way, everything seems so easy, but when you are on the position to make...Ignored
DislikedEU:
This has been a hard and quick drive down to a lower support level. I have effectively removed the SL and added EP3 long = 1.4392.Ignored
Disliked4 hrs later my safety target above the magic whole number was hit, ~140 pips banked (right pic shows the very last moment before the hit).Ignored
DislikedThanks kimis, all of my trading decisions are based on EWT (and gives much better results than anything else), but works well together with SonicR system, that's why I'm here.
So how does the SonicR fit into EWT? To make it simple what you call a SonicR set-up most of the time it is simply the start of a 3rd wave (or the 3rd wave of a corrective structure, that's why sometimes it fools you when it fails).
The pic below sumerizes the key points how this EWT based trade fits into the SonicR system. Leaving out my EWT one key point [u]I can't...Ignored
DislikedNice trade, DNTme & Sunbrella.
Sunbrella, does your "slingshot" mean you are looking for a divergence between Price and the indicator you are using ??
Ignored
QuoteDislikedHow would you label the EWT waves for your chart ?
QuoteDislikedI would like to follow EWT but I seem to have problem on label the correct wave for EWT and that affects how to initiate a position.
Still feel each person can labelled EWT very differently to the next person.