It may hit it but I wont be buying. Did this same thing last year around this time. Hit a Channel around 1.4375-1.4475 or so and just kept hanging finally went up a few days and then BAM down trend. WOuld not be surprised to see the same thing.

Sonic R. System

so I guess that has worked as it has crossed multiple times over those lines?

EurAnalysis

The CHF is pegged to the EUR. That means they keep it at a certain price but it does fluctuate at times. It usually goes north when it does move which means the Swiss bank will buy it back down rather quickly. Look at the pair. Might not be much but ...

Sonic R. System

Easiest money in the currency right now. EURCHF. Put a Sell order in at around the 20-25 mark another around the 50 or so. Look for extreme Extreme days for news etc... Whenit pops every once in a while which it does do, they will buy it back down. ...

Sonic R. System

lol.. if you avg 125 pips a week on average which is 25 a day. If you cannot do that basic math and see how obviously rich you could be with just that as a average. smh. $1 PER PIP per $2000 which to me is pretty conservative.

Sonic R. System

Heck it could go right back down. You have a clear ranging going on and really nothing to stop it. The US and the Euro suck with the Euro sucking a little worse. Nobody want to bet on the Euro and the US economy is not saying anything as negative as ...

Sonic R. System

Basically the whole week has been a drive the price down with a lot of bull bearish battle at new release. Then today you have reaction off of S/R levels that wiped out a whole week of creeping down moves in 2 hours.

Sonic R. System

Yep nothing wrong with a scalp as longas you trade like a scalp with less value and keep in mind trade that trend and any breaks off of levels.... get out for a reverse large trend trade. :-)

Sonic R. System

Yep... I used the 1 and 3 minute myself on the sonic continuation trends and breaks of those major resistance levels of the 15 Sonic R band.

Sonic R. System

IMO Large move back of 50 or more pips. Watch for the kick back down or up to the larger trend. If you get a 1M or 5M double bottom or top trade off it small amounts of counter trend. If in the larger trend do the same thing normal amounts off ...

Sonic R. System

While it is not perfect. Chasing price action is relative. If he got in on the resistance break he would be ok at least for a small profit or loss.

Sonic R. System

TAH... Do you think they are driving the price up for a big dump off the FED today? (EDIT: sorry somehow skipped over your post.)

Sonic R. System

Happy Birthday!! Your birthday and my wifes are the same. Yes that is good. LOL

Sonic R. System

Def could be pushing prices higher for a drop for Bernanke meeting. Should be interesting. Several S/R levels lower that would make huge drops should they break them.

Sonic R. System

don't say that to loud you will hear complaints. It works for whatever time frame you want to use it. I use it on all TF's with 1M entry in relationship to S/R from a 5 or 3 mintue chart with a 15/10 minute. 3 to 1 ratio on TF's I look at higher ...

Sonic R. System

Congrats and thanks for you time, effort and hospitality! Thanks also to those who contributed so others in time could benefit! Thanks! Chris

Sonic R. System

Yep.. would not be suprised to see a reverse before today is out. especially when it gets to the trend line. We know how Fridays are.

Sonic R. System

Bias down IMO on EURUSD 1.3745 area... we shall see. Bias = 1 to 3 ratio on trade setups.

Sonic R. System

Study Sonic R before you jump to conclusions.

How do I move forward?

1) get a micro account. 2) Find a strategy like Sonic R or something else. 3) Read on good money management 4) Stick to the strategy and make yourself responsible for sticking to it. 5) Develop the mental aspect of being mechanical in trading vs ...

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