GU — I have my Sell Stop order placed but the bigger picture has a rising wedge feel to it? Pablo

Sonic R. System

Hi Basber, True, the wave wasn't the best but the placement right on the trendline, was the reason taking the entry. As it was my SL was hit at BE but it was +27 pips up at one point. As for good waves, do you think the UJ is a good selective trade? ...

Sonic R. System

GU Long — GU Long taken Pablo

Sonic R. System

GU 4hr Analysis — Morning Sonikers, GU 4hr Chart - made the 127% Fib Ext on the last push down. The chart shows no clear direction IMHO, could go eitherway. The trendlines might provide a clue once the PA reacts to them. Pablo

Sonic R. System

Yes I'm in for trendline rejection reasons. The poor Euro news looks to have holted any upward progress for both EU and GU. I'm short on EU too Pablo

Sonic R. System

GU Update I dropped down to the 5m chart to see the detail SL need to be monitored as PA could track the trendline down for a little while before the continuation upwards. Pablo

Sonic R. System

Yes, UJ Bounce or break, that is the next question! Pablo

Sonic R. System

this is what I'm watching on the GU ........... 4hr Trendline breakout Wait for retest and continuation. Pablo

Sonic R. System

GU and EU look to be in major trend change areas IMHO I'm looking for long set-ups on both. Pablo

Sonic R. System

EU Trend Change? — EU Monthly looks to have found major Support EU 4hr show the current Downtrend Resistance Line EU 15m Chart show SonicR entry EU is at a probably trend change pivotal point IMHO. If it breaks the current trendline resistance ...

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Big News at 9.30 and 10.30 !!!! edit:should have added GMT Pablo

Sonic R. System

could be good for 150+ pip retrace to 50% Fib. Pablo

Sonic R. System

Sorry for the delayed answer, I've been to bed for the night. The data is from Alpari UK. I've noticed too that nearly every new trading day, the data jumps in no predictable way but jumps all the same. So a gap down/up has no tradable significance ...

Sonic R. System

Why TAH??? Pablo

Sonic R. System

EU — good SonicR but in a high risk zone??? I'd need more data / time before I'd enter Long IMHO However, I also think this down wave in nearing its end. So a bullish higher timeframe bias is around the corner. Pablo

Sonic R. System

TAH, why didn't they dump it at 1.6262 'ish and get more bucks for their bang? As you say, its all planned in advance and they could see the TP level of 127% I suspect it more to do with set-ups, stops being taken out and lemmings following the ...

Sonic R. System

call it what you like. I can't argue with the outcome ...... Bravo TAH. I learnt something new today re Fibs Set-ups and made many pips to boot from standard SonicR's. Pablo

Sonic R. System

David it does. Counter Trend Fibs............ url I'll send for the book too. See, by asking a question you can become wiser for it ... time will tell :-) Edit: found this video contains the most on using Fibs url Thanks once again, Pablo

Sonic R. System

Yes good point DD. I have a short Bias on EU with the next expected Pivot Point Level @ 1.36xx and a Long bias on GU to 1.68xx - both 162% FR's on the 4hr Charts. As I mentioned before, there are two ways to trade, SonicR Macro and SonicR Micro i.e. ...

Sonic R. System

How to draw FE's ??? — TAH, I'm not sure you should draw FR's this way re post 9650. Can you explain why you do this as it goes against everything I've read or heard? I stand to be corrected but you've drawn them upside down and on the wrong ...

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