Dislikedyou ... own your time and mind ...I like my freedom...
Regards,
BasberIgnored
Amen, brother, amen!
Wonderful to see you doing well, helping others, and enjoying life, my friend!
-DD
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Dislikedyou ... own your time and mind ...I like my freedom...
Regards,
BasberIgnored
DislikedSo how about - new Sonikers and old Sonikers alike: Is the attached trade, based upon the information provided, a classic SonicR or not?Ignored
DislikedSo how about - new Sonikers and old Sonikers alike: Is the attached trade, based upon the information provided, a classic SonicR or not?Ignored
DislikedYes, that is a good start. I really do like to have a clear "If ... Then" action statement, however.
For example, I am looking at the EUR/CAD daily chart.[indent][color=red]EUR.CAD: Daily trend is down, and 2ROC (2 period Rate of Change) has turned down from +0 as of Friday's close after a spike high tested the 1.36XX prior support as resistance. IF price trades below Friday's 1.3580 low, THEN I will go short. My entry point will be 1.3580 or lower, my stop to loss will be 1.3689. IF price trends in my favor, THEN...Ignored
Disliked...When you look at the Monthly, Weekly and Daily charts you cannot escape the current pattern of lower highs and lower lows (a fundamental consideration in SonicR) which stares right back at you from all three charts!Ignored
DislikedI do not have time to grab a chart image, but I am selling the GBP/CHF here at 1.327X ... chart to follow showing this SonicD trade. (I'm going to call it SOnic"D" for daily time frame, because though I use it to add to existing positions, i.e. pyramid, it also stands alone as a solid way to trade the daily TF using the Sonic dragon for long term trend.
Has a big stop measured in pips (168 to be exact) so I size the trade accordingly. The bigger the pips in the stop loss, the smaller the lot size I trade. The risk for me is always the same:...Ignored
DislikedYes, lower highs and lower lows in sideways to down, overlapping, choppy consolidation - that may be bearish (distribution) but it is equally likely to be bullish (accumulation). I have many times in the past mentioned in this thread that when we conduct our wave analysis, we must distinguish between chops and trends - what Basber called clear and distinct waves. Look at those charts, and then look at the drawings we use for our Sonic diagrams - there is no recent trend in those charts other than sideways. Caution is warranted on either side of...Ignored
DislikedWhy are you taking the short trade here instead of waiting for PA to fall thru the S&R (if it does) and then come back to/near it (which it probably would)?Ignored
DislikedI don't. How can we ever know with certainty anything? If I knew what was going to happen, I'd bet it all on this treade and retire on my winnings. I do not know - that is why I have an unraisable stop loss. It can move, but only lower, and it is never "not at all," but always and forever until the position itself becomes "not at all."
Because the SonicD is built around the following strategy, as taught to me by two very good traders: When the market is in a trend, you want to trade only ion the direction...Ignored
DislikedHello Sonicdeejay,
I want thank for your perfect teaching talent, for your pages from No.1 (since 2008) up to the present day. I am from Czech rep. and I trade since 11/2009. Your Sonic R system is very logical, transparent and clearly I am reading your pages from 1st...and I read page 72 now
Thanks. PetrIgnored