Or a new high (peak), professor...
- #31,202
- Feb 23, 2012 1:10pm Feb 23, 2012 1:10pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Sonic R.evolution 95 replies
The System Behind the System, by Merlin Jeffries 16 replies
Old School Sonic System + Other Things 11 replies
Knife system, Vegas 4h system related questions. 4 replies
Would you trade this system? New system #2. 10 replies
DislikedOf course. Nobody knows. Looking at Monthly, however, maybe an appropriate chart to consider in light of the potential significance, see how the market now has the price in the area of the important business levels of no less than 5 extremely significant monthly candles. So sure, the market might indeed attempt even higher highs. Actually, I'd expect it if they are going to continue the bullish deception to sucker in longs right up to the end.
And, as I said earlier today, I could be all wrong about this. And it wouldn't be the first time I've...Ignored
DislikedHello TAH
Sorry to say , it does not matter what market does tomorrow/day after, what matters is whether you can make money now. Again your short bias from start of the week is proving wrong and the whole week wrecking trades.
Thats why I feel this is a good system, but bringing a subjective bias by looking at news, volume, own judgement will in long run make this system subjective. If we have to be subjective in trading why have rules for a system. Again BAIS, BAIS BAIS is a killer for any system. ?
All the short bias really defeated...Ignored
DislikedI enter long on G/J.
Ep 126.10
Tp 126.38
Sl 125.58
May adjust Tp to 126.6 depending on the movement.Ignored
DislikedPotential... scenario playing out..
May have more upside ahead.. 1.330x is the lvl to watch..
http://www.youtube.com/watch?v=BKGQ73bALoc
SonicIgnored
DislikedSonikers, whenever you see the first bar out of the Dragon on leg #3 of the wave is a strong bar:
1. Don't rush your entry.
2. Realize that strong PA, even for just a single candle, frequently results in a pullback, usually up to 50% but it could be more or less.
Sonic R. rules say to place TP a few pips beyond the end of that candle. That means you need to wait for that candle to complete, and for subsequent PA to pass the end of it. That could be on the next candle, or it might take any number of additional candles before PA passes the end...Ignored
DislikedShould've taken the SonicR long when it presented itself during LO earlier today but I was bearish biased so I refused to take it. I should trade what I see and not what I think. Have to keep this is mind!
TAH, why is this week so difficult to trade? There are high impact USD news releases each week so what makes this week so special. That the news releases are not causing any notable movements? I'm rather confused.Ignored
DislikedSonikers, I have to be straight about this. Subjectively (because I don't have stats at hand), I believe I have been most profitable when trading classic Sonic R.; no asian session trades, no late US session trades, no M5 trading, and no fibos used to justify early entries. Just classic Sonic R. And my feeling is that if I were to have the stats, I'd find out that I am a lot more right than I even suspect!
tah
Ignored
Dislikedbabetko, what TAH said here is something I done entering many times when seeing One Long bar just crossing the dragon, so happily and quickly jump in to enter.
Most times after this long bar, it does reverse or pullback, and then hit SL.
Better to wait for a short or average bar to cross the dragon to enter.Ignored
DislikedIf the topline breaks say hello to 1.3360/90
Fib dates back 3 days ago - even before yesterdays ranging crap began.
Regards,
H.Ignored