Checkout the 1H chart, it just broke the neckline of a perfect H&S (check out divergencies), I expect retrace and then move to the 1.63xx area. any comments? Regards, snu.

Sonic R. System

TAH, how do you use that Fib extension tool?

Sonic R. System

Anyone shorting EJ? Regards, snu

Sonic R. System

Hi, Basber I don't like the UJ trade since you are buying into the strong resistance lvl around 91.2x There is Weekly fib S3 there, daily Mr2, 50 fib retrace from the big move on friday and also there is a Monthly S2 lvl there. I would rather wait ...

Sonic R. System

I'm out with +20 right below the daily fib pivot as I need to go out now. Besides that there is no crowd at the marked at this time to move the price and the E-mini is showing us a double bottom which could mean that during US session they will move ...

Sonic R. System

Thank you, ZZ! Now its only up to the market.

Sonic R. System

Hello, guys! Here is my UJ set-up. Need comments! Thank you!

Sonic R. System

Basber, DDaytrader, once again many thanks to you guys for sharing and helping others to get through the tough times of understanding and applying the great method of Sonic R. Right now I feel myself like a Price Action which is testing some strong ...

Sonic R. System

Ok, here it is: First pic is a trade by DDaytrader on EU yesterday. You can clearly see how he marked the waves. Before the set-up triggered my question was why doesn't he look at it as a potential short? (see the pic). DD actually didn't say ...

Sonic R. System

Well, I understand, but 19 hours ago I asked the same question: what waves should we count as relevant ones and DD said that previous High was not relevant as price while making lower high poked up through the channel and closed above it. I'm just ...

Sonic R. System

Muhammad, I do not see any Sonic waves here can you please explain why you took this trade?

Sonic R. System

TAH look plz at post #6165 by DD, you guyz are confusing me =)

Sonic R. System

Could this be a potential Sonic R long? The price never closed below the dragon, but closed above the channel second time lower than it did the first first time. This takes us back to one of the first posts in this thread where we move our EP point ...

Sonic R. System

Even if it didn't close within the dragon?

Sonic R. System

Well, the long bar did close below the lower boundary of the Sonic chanel, so technically the Sell Stop should be below the low of that bar, however there were no clear waves before this bar, as ZZ allready noted.

Sonic R. System

DD, explain more plz. I remember you saing that price preferably needs to close within the dragon, but it can still close below and triger long, so I'm still confused why u didn't consider the previous high?

Sonic R. System

DD, could you please explain what makes you think that these waves are relevant instead of taking into the consideration the previous high and counting the current one as a lower high?

Sonic R. System

Basber, you still in your EU trade? Now waves look good to me, however news are due in half an hour. Are you going to exit before the news?

Sonic R. System

Exellent post, once again thank you Basber!

Sonic R. System

I'm just not to confident yet with my trading, that is why things like this happen. I think this is the hardest part in trading - train one's confidence to the point where you strictly follow the rools and leave the rest for the market to decide, as ...

Sonic R. System