EJ & Market Comment:
Bingo!
Bingo!
The System Behind the System, by Merlin Jeffries 16 replies
Sonic R.evolution 93 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
Disliked"... Amazingly, in the weeks that followed the peak, Adoboli's martingale system did almost come good...."
I love this statement. Particularly, I love the use of the word "Amazingly" to taint the trading method as something that if it ever worked, it would have to be at the amazement of everyone. Not so. Anyone who has traded for years in the forex market fully understands the roller coaster action of prices. They go up, and they go down. Even the "catastrophic" effects on pricing, such as the market reaction to a tsunami in Japan is but...Ignored
DislikedEU: Entered short. Early entry because I did wait for this candle to complete and then pick an entry level at least a few pips lower. And because I did not wait and the Dragon is flat, PA could cycle back up again with LO or with the EUR high impact release coming later. SL mental. TP tentative.Ignored
Disliked!Market Flash!
Sonicers, check your volumes! You will (M30) find that volume is higher than any asian session activity in over a week! It is even vying to be equal to or greater than LS volumes!!!!!!!!!!
This is on AU, EJ, EU, GU, UCad, (and maybe on more)....so this is a Big Deal, especially since it is still early in the asian session!Ignored
DislikedGU:
Yes, it is. It would be better if the PA wave did not encompass so many TFs. This run down might turn out to be leg #1 of a new PA wave. What is needed is a retrace (leg #2) and then resumption of the move down (leg #3). My pic. gives an idea. The retrace might not go so high as I have depicted.Ignored
DislikedThank you, i will wait for retractment and enter short.
Your GU TP is RDL ?Ignored
DislikedUCad Comment
Daily shows this is in an upwards trending channel. RWH is only about 88 pips above. It is a reasonable target for today/tomorrow as the day range is about 53 pips. Looking at M15, after the early asian run up, a retrace might occur and this would be a time to look for a Sonic R. long setup and entry. Both the LO traders and the US Open traders might attempt to pull the price back down. But eventually there should be a Sonic R. long setup to take advantage of. And RDH would be only a very conservative TP. My...Ignored