Not sure if waves were spotted correctly or entry was very good per sonic rules, but price definitely broke with pretty good momentum. 70-80 pips on about 60 pip s/l

Sonic R. System

First post in this thread...very intersting stuff... Would this be a valid way to look at AU? Daily trend overall up, although have been sideways lately 4h trend up. Potential 15m long position (maybe could have gotten in earlier??)

Sonic R. System

Hope you're right Adi. I'm long the BUOB. I entered on the break (chart 1) and reduced some risk very quickly (chart 2)because of the Resistance at 1.3650 - which I had as FTA - and I'm not willing to take a full R loss after FTA was hit. I don't ...

james16 Chart Thread

Previous support at RN 8300 in confluence with 50% retracement level looks like a likely spot to for Usdchf to find resistance.

james16 Chart Thread

Hey KR. Thought I might try to weigh in...I'm no teacher and no Sr either..... I think the point most are trying to make is that you have to define your own A+ setup - it usually consist of location, bar (pin, IB, outside, whatever), and factors of ...

james16 Chart Thread

I certainly hope so (for your account balance and me another opportunity)

james16 Chart Thread

Nice one Adi. I did a double take on the bar but decided against with BRN so close. I think you played that one perfectly.

james16 Chart Thread

Couple of points on that pb... first - I agree with Baggins. The pin isn't validated until the high is broken, which it never did (missed breaking by 5 pips on my feed). That is one of the reasons many here only enter on the break of the PA bar. ...

james16 Chart Thread

Not a professional trader by any stretch....mostly demo for last year +. I'll give my 2 cents on why most people may not trade monthly - especially starting out - and probably should. Trading monthly gives you time to make good decisions. I think ...

james16 Chart Thread

It took more than a day...or so is actually 10 days. I like the confluence on EURO right now. Waiting for PA

james16 Chart Thread

That was a surprise, eh? Looks to me like a retrace of the continuation BEOB that is still valid. I bet there are some ballsy retrace players that got their shorts filled around 130.

james16 Chart Thread

I'd be careful with that one. I see a pin with a fairly weak close that would be trading back into previous resistance that may now be a support area. Also the descending trendline has been broken and could act as support also. First chart. The EG ...

james16 Chart Thread

Here's one that just triggered for me on EURSGD... BEOB (by 2pips ) - or could be considered TBLHC. I really like the ppz at 1.7500 that this bar is sitting on and the strong close. What could have made this set up slightly better would be a true ...

james16 Chart Thread

Here are my thoughts CK....and keep in mind that I have become ultra picky, maybe too much so. Reason is I went through a losing streak earlier in the year and tightened up a lot of my entry rules. Anyway, you'll see many on here say that location ...

james16 Chart Thread

What triggered your short - straight support/resistance? I don't pay attention to news, but I just don't have enough info to make heads or tails of AUDCAD right now. I'm inclined to agree that I expect to see 1.0200 and some consolidation there ...

james16 Chart Thread

I don't have a daily pb on my gbpusd feed. I don't normally look at 4H charts but peeked at this one. On my 4H feed I see a relatively tiny pinbar relative to the large bars that make up the down move. It is at a swing low, but doesn't have a lot of ...

james16 Chart Thread

Glad to help. Here's one that I looked at a "little" more closely today because it was off of a decent looking pivot, but passed up pretty quickly. The 2 reasons I passed are: 1) It has "some" space but not a lot. I thought this one showed a little ...

james16 Chart Thread

Greetings, I am new here but I think I am getting a grasp of whats necessary.. Am I seeing something good here PinBar hitting it's head on a round number 1.03 @ End of day or is this dangerous?? thanks Hi taser. Welcome to the thread. I think it is ...

james16 Chart Thread

Nice chart PB...I was a little PO'd at myself for not taking that bar after it took off. I looked at it again a couple of days later and realized that was the right decision for my trading style... Now if it had pulled all the way back to the 1.4000 ...

james16 Chart Thread

I saw you down there DG...you in the daily I4B on EC?

james16 Chart Thread