Marked interesting yellow area on chart, look at the volume when price came down and look at the volume at yesterdays high. Volume is higher at low.
Whatever is obvious is obviously wrong!"
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{quote} Hi. I'm new in this thread and far from having read everything about how to trade the SonicR. My problem is that I don't really understand what a Scout is. What I could find is the following: "After the initial Classic entry, there are sometimes pullbacks which set up the opportunity for re-entry "Scouts”. There are times before a Classic setup has formed that price action alone suggests an early entry "Scout" opportunity. Two examples of an early entry Scout opportunity are: (1) a suitable pattern of H/Ls in the opposite direction from...Ignored
Disliked{quote} As always, we should wait for a Classic setup, and look to see if previous PVSRA supports the direction of the setup being formed. Yes, RWH is a 100 pips target for a bull swing. On the other hand, price has already retraced 62% and the upper whole number has so far resisted a break up. The real questions, and we cannot know the answers, are: (1) Where are the big players placing sell orders right now? (2) If higher up, do the Market Makers see any chance of obtaining the liquidity - sucking in enough buyers up there - to fill those sell...Ignored