Do I understand correct that your TP's are based on FIB lvls of the last major swing on H1 TF?

Sonic R. System

E/U short on re-entry — Hi everybody! Plz. comment on my E/U trade i just took. the trade is taken based on re-entry strategy (CCI dot turned from blue to red). Thank you.

Sonic R. System

What new manual are you talking about? I haven't come across it in the thread. Update: NVM, i found it already (I guess, I missed the post somehow, since I'm reading from the very beginning and right now do not pay much attention to the end of the ...

Sonic R. System

Basber, can you share plz the Pivot indi gor Higher TF, the one in Sonic's template is "Pivots Daily" and i think its not the right one judging from your screenshots

Sonic R. System

Basber, what pivot indi are you using on your H4 time frame? I had the same idea that if my TL gets broken, i would need to wait for PB, but then I was like, man what if it doesn't? I'm loosing some pips here =). Anyways, I'm still on demo so there ...

Sonic R. System

Hello, Sonic traders! First of all: ddaytrader and basber thx for your comments. Second, can plz someone explain what is now going on with G/U? Should we consider it LONG if it breaks the R1 lvl? Looking at H1 chart it seems like the price bounced ...

Sonic R. System

ddaytrader, can you plz explain in more detail why the wave analysis should be the way you represented it. I interpreted waves same way muhammad989 did (see the pic.) and unfortunately my SL was hit.

Sonic R. System

Makes, sense! Thank you for explanation!

Sonic R. System

anderou, why 1.3930? BTW, this is a H1 chart.

Sonic R. System

Isn't E/U doing the same thing?

Sonic R. System

Hi, Muhammad Can you plz explain your EU entry, I don't see any H-L-HL forming. And why is your SL so far away down? Thank you.

Sonic R. System

Sonic, one more question: As in your current example I often see that you enter trade not waiting for the close of the candle above/below EMA bands. I assume we can enter as soon as we see the set-up (PA, Wave analysis, Indi's) so wait for the ...

Sonic R. System

By candle pattern you mean the Hammer/Hanging man and Bullish/Bearish engulfing you wrote about sometime long ago in your thread? (Have been reading your great thread starting from page 1, now on page 120) Thank you!

Sonic R. System

higher trend — Hi, Sonic What still confuses me a little is how to determine a trend direction on a higher TF. I often misjudge swings for trend reversal. Could you please post some pics with explanations? What indi's to use on higher TF? ...

Sonic R. System

Once again, many thanks to you, Basber. Gotta learn a lot. But I'm ready for this!

Sonic R. System

Gzbpusd short now? — What are your suggestions? Is my SL correct? Where to put TP and how to trail? I'm still a newbie so asking all this questions.... Thank you.

Sonic R. System

Thanks for the explanation

Sonic R. System

Hi, Basber Isn't this like a bottom H&S? I see div on all Indi's Besides, judging from the picture the price is above FPV already and tested it once. Am I missing here something?

Sonic R. System

H&S forming? — Hi, everybody! I see a divergence on the CCI. So I'm looking for potential reversed H&S pattern and will enter on the break of pivot level if right shoulder forms. the good thing is that neckline is at the pivot level. Any ...

Sonic R. System

I'm just playing with it, i thought that 34 CCI would go best 34 'Magic' EMA's. Haven't figured out yet which one works better (63 or 34), though.

Sonic R. System