gu — TAH, have a look at the GU Daily and 4hr Charts below. The outcome of my analysis suggests a GU Short isn't a high probability???? Pablo

Sonic R. System

UJ setting up for a short? — UJ 4hr Chart - PA is failing to push through the Resistance Level The two 150% FE's show a degree confluence for the TP. The PA is range bound so I'll go to BE ASAP. Pablo

Sonic R. System

Hi Muhammad, TAH called that one in post 9614 but it is quiet. Whip Sawed Out? Pablo

Sonic R. System

It appears everything swimming against the 4hr wave is a loser! GU EU UJ EJ are downtrends on the 4hr charts. Pablo

Sonic R. System

Well .... Late EP or not, SL was hit on worse than expected GB Retail News. Pablo

Sonic R. System

It could well turnout that way but I wouldn't enter below the resistance level for sure. The logic being followed ... If the Higher Timeframe analysis is correct a micro late enter is not a concern - we'll see if that teaches me a lesson. Thanks all ...

Sonic R. System

TAH, yes.... I see a better 100% FE fit - see 1st Pic below A worse 50% FE fit - see 2nd Pic below At the time of posting the 100% FE hadn't been established. Because I can, I'll use a manual approach to taking TP profit (if I'm lucky) and not have ...

Sonic R. System

GU Long Set-up — GU has now retested the S&R level. For me, this is what I was looking for with a possible GU Long EP Pablo

Sonic R. System

GU Testing Support Level — GU is testing a significant S&R level. I'm not looking to trade the initial break-out (above). The long term TP would be 1.67xx If it does, I'll look for a entry on the next wave upwards. If it fails, I'll look to ...

Sonic R. System

I can see the logic in that set-up but I'm struggling to see something significant to reverse the general downtrend in the EU. A bounce off the 1.4xx is the best I can analyse from the Higher Timeframes. It all suggests a consolidation period is ...

Sonic R. System

Where is the Lower Low???? Pablo

Sonic R. System

Hi Pipoca, Nothing wrong with the contination trade IMHO. It has a high probablity of testing 1.6200 level and a bounce at that point too. At BE go and look for the next trade :-) Pablo

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Yes I didn't like the look of the twin peaks before taking some profit. Pablo

Sonic R. System

TP1 reached at +44 pips Pablo

Sonic R. System

GU Short Set-up GU 4hr Upward TL has been broken and retested. Also Resistance is coming from the downward TL too. On a bigger scale this all occurs at the 50% FR. As its end of the week, could we see a bout of taking profit to help it on its way? ...

Sonic R. System

Muhammad I see an FR on your chart that I haven't seen before on charts you post. Can I ask is this a first or is it something you use in your analysis but remove once a bias has been established. Thanks once again for your contributions Pablo p.s. ...

Sonic R. System

I post this for educational purposes on the "Pump and Dump" discussions. I feel it will mislead most Sonikers and we should stick to "Follow the Wave". That said if you are aware of how the market moves, then you will be a more profitable Soniker. ...

Sonic R. System

Yes, I watched that one come and go. And it got me thinking..... SonicR has two general approaches that could be described as Macro and Micro SonicR strategies. Yes the 4hr Charts can give you good insight to the Macro Set-ups but at the same time ...

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EJ Short - after 4hr TL Breakdown — EJ is following the same pattern as per post 9435 The 4hr TL isn't a large as the previous example but the pattern is the same Pablo

Sonic R. System

I need to go but before I do ............. I've suggested before putting FR's on your charts. GU had all the signs of a 'Fib Retracement and Continuation' pattern once it turns at FR 55% (common percentage for this to occur). You may think this all ...

Sonic R. System