Sonic R. System

I suggest you to download the latest template

GBPAUD Short scout open. I know it risk, but I still look for higher price to place one more scout. Adding position in red? Actually it's depend on how much you can take the risk. Do not, I repeat , Do not, adding position while the previous one in red if you can't bear the risk and cannot cut loss as easy as liquid profitable position.

Head & shoulder pattern spotted on the 1hr GJ chart. Price below dragon.

GBPJPY triangle M5

and breakout? or fake? or trap?

just as you posted this it broke lol

I have a 1:4 RR on this trade.. Hoping it will make up from a couple bad trades yesterday.. we will see! I am starting to get used to the advantage of having a good risk management strategy.

Looks like AUDUSD slowly forming H-L -> LL ~ on M15 . NZDUSD already move towards South . On M15 , EURUSD and GBPUSD looks like forming H-L -> LL ~ too , but still have a ranging area . To me , looks like is slowly climbing towards sell . Do you think I should wait for the news 1st ? What are your thoughts ?

I do not trust that breakdown

" I am starting to get used to the advantage of having a good risk management strategy"
Congratulations, I should do the same.

gu short

Classic Short Entry, GBPUSD, high activity on half number. Hopefully is a good trade.

XT

Would the retest of TL and selloff convince you?

We opened a same trade

No, I am convinced that this pair will go up.
But perhaps this conviction walk blind and is totally wrong.
We will see..

To complete my post about the use of Supply/Demand Zones, you can find below the kind of zones I expect to be retested before I enter on a Classic Setup. In the picture I show only the different Demand levels or zones; you can simply reverse the pattern for Supply levels/zones.

In A), the top level of the demand zone is defined by the highest low of either the red or green body.

In B), we see a level instead of a zone. Often when the rally contains two candlesticks with very high volume and no body overlap, the level between the two bodies is often a good retest of demand. It can also be a wider zone if there is the formation of a base between two rallies on very high volume (there is an example in my previous post)

The difference between A) and C) is that in C), price continues to move higher after the rally on very high volume. In that case a retest of the top of the rally (I'm using the top of the body and not the top of the shadow of the candlestick) is a good retest of demand.

In D) we have a special case with a swapping zone. Instead of a rally-base-rally as in B), what we have here is a drop-base-drop during the down move on very high volume. Then when the price rallied later, it went easily through that Supply level or zone and it is very likely to become a good retest of demand.

I've used red color for high volume on down bars (they can be red or purple on the PVSRA indicator) and green for high volume on up bars (they can be green or blue on the PVSRA indicator).

This is only a tool to help us to improve our patience and give us a bit more confidence when we enter a trade on a Classic setup. PVSRA and the Classic setup are the only keys for successful trading. So I won't write about supply/demand anymore (unless you are asking some question ;-) ). I only wanted to add this part to better show you where you can expect to see a retest of supply or demand.

I'm really interested with Forex trading and I've started seven years ago, learning so many methodologies such as: cycle analysis, harmonic patterns, VSA (I don't say VSA is bad, but I could never understand MM's until I discovered PVSRA), WeisWave, supply/demand, Chaos Trading, Breakout Trading, Trend Following Systems, ... During the last 3 weeks, with the few things I've already learnt about PVSRA and the Classic Setup (I still have really a lot to read and to discover and lot of experience to build), and although I'm trading with a demo account right now, I've made more profitable decisions and consistent profit than during those last seven years.

GREAT THANKS TO YOU SONICERS!!!

Remember, for it to go up we would have to see one of these 3 situations occurring.

GBP getting stronger while JPY getting weaker / GBP getting stronger while JPY remained neutral / GPB being neutral while JPY got weaker.

It makes me wonder why we don't look at charts as singular assets such as stocks, oil, gold etc but rather as pairs. It would seem looking at them as pairs would only distort things and not give us a clear understanding of what is truly causing the movements..

guys watch out MMs may be Bull in the background

I appreciate your contribution Sailyfee. I think the pound is very strong.

who wana try the GOLD ?

head & shoulders EURAUD, signal for big sell

USDJPY.-

No!!! Wait a bit! I'm long on the EURAUD 5M chart ;-)