AU:
If PA drops out of this marked S&R range, there might be some tradeable pips down today.
If PA drops out of this marked S&R range, there might be some tradeable pips down today.
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DislikedUChf:
SL reached.
EP= 0.8190, minus SL= 0.8135, minus spread, equals net loss of 60 pips.Ignored
DislikedDear Tah,
Looking at this setup, why on earth would you want to long into daily and 4 hour resistance = def not Sonic R / Neither s+r trading / Neither fib tool trading - I would recommend looking for shorts at those levels. You did check them before entering long right ?
H.Ignored
DislikedThey were both trades from yesterday. I should have taken modest profit on UCad then. Went to bed. Woke late this morning to find them stopped out. Well, on the positive side, I did have a SL on these. I'm making progress with honoring the SL. I need to accept more modest gains,...take the money and run.Ignored
DislikedTah my friend,
Yes they were trades from yesterday - but the levels shown were still there before you entered long - so no excuse on that part.
Questions still stand.
1. why did you enter into R ?
2. not knowing if your tp´s would be valid - above R Daily and 4 hour ?
3. trying to force price to do something ???
4. On the positive side of things you mention you did have a Sl - Yes ALWAYS have a SL.
4a the SL would only have been needed for a scalp into the Daily and 4 Hour R area, and then CLOSE the trade.
Regards,
Hans
p.s Geez...Ignored
DislikedTah my friend,
Yes they were trades from yesterday - but the levels shown were still there before you entered long - so no excuse on that part.
Questions still stand.
1. why did you enter into R ?
2. not knowing if your tp´s would be valid - above R Daily and 4 hour ?
3. trying to force price to do something ???
4. On the positive side of things you mention you did have a Sl - Yes ALWAYS have a SL.
4a the SL would only have been needed for a scalp into the Daily and 4 Hour R area, and then CLOSE the trade.
Regards,
Hans
p.s Geez...Ignored
Disliked.... And when the Market decided to make me "wrong", I was right, but had the misfortune to be using a SL...I was right from the beginning. And the SL cost me my position, which would be in profit again right here, and cost me all those pips down to the SL.
Comments?Ignored
Disliked.... I should have taken modest profit on UCad then. Went to bed. Woke late this morning to find them stopped out. Well, on the positive side, I did have a SL on these. I'm making progress with honoring the SL. I need to accept more modest gains,...take the money and run.Ignored
DislikedAt least two things come into play when looking for a proper PA wave setup:
1. The HLs, as in L-H-HL for a long setup and as in H-L-LH for a short setup.
2. Support and resistance, because preferably you want the PA wave to represent a passing thru of an S&R area, with a pullback and bounce to continue the move. The first picture shows some ways this might happen.
Watch PA when it comes to an S&R area. There is where to look for PA waves that might lead to a SonicR setup. We just have to wait for setups to occur. For example, the second picture...Ignored
DislikedDear Tah,
Looking at this setup, why on earth would you want to long into daily and 4 hour resistance = def not Sonic R / Neither s+r trading / Neither fib tool trading - I would recommend looking for shorts at those levels. You did check them before entering long right ?
H.Ignored
DislikedI had one TP, and it was hit for +81 pips. I put the levels back on the chart to show the EP level, SL level, and TP level.
Also note the trendline that was broken upon entry and the way it acted like a regression channel centerline containing price action while it decided whether to drop or not.
The first chart is the trade as I posted it last night as Asia opened.
The second chart is what it looked like this morning when I woke up.
The third chart is how it looked when I snapped a pic to make this post. Again, since the trade is now closed,...Ignored
DislikedHi alrightfrank, I'll let you know what I did... perhaps it will help you. You're right, if you zoom out, it is possible to see the lines you seek, but check the following settings in the 'SonicR Chart Panel' Indicator settings...
Part 1
"Levels_on": True
"Pivots_DPV_Lines_on": True
"Pivots_DSR_Lines_on": True
"Range_Lines_on": True
Part 4
for each line that ends in ..."_Display_Number": 4
"Display_4_Shift_Right": default is 46, try 25
then zoom the chart in, or out, to see the effect...Ignored