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Domas4 replied Jun 8, 2010Yeah, I was very optimistic about E/U trade too and thought it will rally for 200 pips in a matter of hours to retest traderathome's marked Resistance. There was an attempt to push up at previous High, but failed. It just reminds me that I always ...
Sonic R. System
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Domas4 replied Jun 8, 2010I have taken this picture out of SonicR Manual in the first page. You can see Sonicdeejay did not wait for Higher High, he just entered at the break of previous Lower High. So I guess it does qualify as SonicR.
Sonic R. System
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Domas4 replied Jun 8, 2010Thank you Basber for explanation. I had no idea that equal positions might be different on different currency pairs. But after you explained it, it makes sense! Thanks ______ Chantalb, if I may answer before Muhammad does. The entry is at the place ...
Sonic R. System
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Domas4 replied Jun 7, 2010How it turned out: Pretty slow day compared to what we had on Friday. Price did manage to make higher high, but went back and made new low. SL@BE EDIT: The reason entry was @ 78.6% retracement is because previous wave retraced 78.6%.
Sonic R. System
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Domas4 replied Jun 7, 2010Basber great, big thanks! I think it would be excellent if it had "lots" instead of "volume". It also pops an error message if I leave everything blank and press "Calculate". BTW, can you explain what coefficient means more specifically? What do you ...
Sonic R. System
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Domas4 replied Jun 7, 2010I think it is the earliest and the riskiest entry you can get. I would be comfortable if Price made Lower Low, before making entry at retracement.
Sonic R. System
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Domas4 replied Jun 5, 2010Hi people, Wanted to share my Friday's G/U trades and how trades develop. Forive me for not having the Dragon on the chart (just 34 close EMA). Otherwise, nothing is new - HL, LL, HL, LH and S&R are the core. I made a sequent of pictures how trades ...
Sonic R. System
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Domas4 replied May 28, 2010Hi people, I'd like to give another perspective on E/U. As we all know, there are big swings (bigger scale) and small swings (smaller scale). If we take a look at what Price does when big swing retraces and reaches resistance, we can decide on the ...
Sonic R. System
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Domas4 replied May 25, 2010DayDreaming, Basber is right saying it was a strong support level. DanPa also looked for reversal signs (HH and HL). As you see I marked in the picture the significant Higher High which pushed through the dragon. Then DanPa entered at 62% fib ...
Sonic R. System
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Domas4 replied May 25, 2010Range High, Range Low. They were added by TAH, so it is best to let him explain how to interpret them.
Sonic R. System
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Domas4 replied May 23, 2010Really? I think that forex is a fun playground where everybody is a winner...
Seriously, it is a tough place to earn money and it is truly a dream crusher for those who seek easy money after reading a few books about it. Actually, not so long ...Sonic R. System
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Domas4 replied May 21, 2010So as you can see, it retraced properly if I measured the last swing. TP1 taken few pips above LL: +70 pips, SL @ BE. Now it's on brokers money
Ok guys, I'm leaving for a weekend. Have a good oneSonic R. System
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Domas4 replied May 21, 2010I am going to try to use it as a re-entry for E/J. I measured the last swing. EDIT: I'll try to measure the bigger swing too (From Highest High to Lowest Low) and see if the re-entries should be put there.
Sonic R. System
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Domas4 replied May 21, 2010I see DanPa and TAH have took initiative and started experimenting with it. Very good call by DanPa with E/J. I took note that the bigger the swing, the closer SL we can put. Entry zone between 50% - 62% seems perfect. Let's keep testing
Sonic R. System
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Domas4 replied May 20, 2010This strategy of mine has been yet experimental and I have been using it for only a month. So it is not yet strictly defined by rules. If people in thread like it, they will develop it. Whereas I am secretly testing and trading it, without posting ...
Sonic R. System