Do you remember the 1st chart below? Did anyone understand the relevance of this post I made this morning? See the 2nd chart - it was highly predictable if you know what to look for in the Wave Pattern. Incidental, it could also have prevented some ...

Sonic R. System

Well yes but that's not the one I had in mind. It could be a compendium of high probability Wave Patterns that are acceptable to this thread and how we trade them. Pablo

Sonic R. System

Wave Analysis — Sonic, DD and TAH, as the active elders of this thread how do you feel about introducing other Wave Patterns for us to consider? I'm not talking about candles shape or candles patterns but other PA Wave Patterns in keeping with ...

Sonic R. System

I woke this morning to review the overnight proceedings. Not only do I find this thread informative but its entertaining too. I had a good laugh at TAHs commentary. It's not possible for me to trade over the next few days but I'll be looking in on ...

Sonic R. System

Domas have you tried this site? url If your rules are indicator based then it should handle it. Good luck, Pablo

Sonic R. System

For tax reasons I spreadbet which is the same but different. Min bet is 1GBP per pip. So two lots = 2GBP per pip. I can't get lower with a sensible broker. Pablo

Sonic R. System

Sorry DD and David, I took a break from the screen. Yes that and putting the SL behind the Swing High. I know DD isn't one for doing that and prefers the last swing point, in this GU set-up a Lower High. I can't help thinking it's one help of a risk ...

Sonic R. System

Didn't you fancy the 80+ pip SL DD? Pablo

Sonic R. System

UJ — .....and that's whats called "Retrace and Continuation". Its the reason I put FR's on my charts. The Bounce of the Daily Trendline is a strong one. Incidentally, going to BE Early would have saved me 30 pips but I will continue to test ...

Sonic R. System

but don't miss the fun. All four are approaching Hot Spots. Decisions will be made one way or another. Pablo Edit: If I were a betting man I'd back a strong Dollar

Sonic R. System

Sharks, personally I would enter if all other conditions are met. I'm not sure of the history behind 89EMA re SonicR, maybe Sonic can explain? Its a golden fib number ( url ) and if you've ever seen or read the Divinci Code you'll understand ...

Sonic R. System

UJ Long — UJ Long........ On further analysis it looks like a battle of the higher time frame TL's. A Bounce off the daily TL is in progress. If it does go long I can see it retracing at the 50% FR or the 38.2% FR / DVP and continuing ...

Sonic R. System

UJ Long — following on from my last post........ UJ Long SonicR Set-up Note 638 FE is right on the Higher Price Channel. I expect some reaction at the FR 50% mR1 level to watch out for. Pablo p.s. I'm still learning

Sonic R. System

UJ — UJ if you are in the UJ Short from earlier this is how I see it now!!! Obviously, it could break to the downside but I'd be watching it carefully. The Red lines are Resistance on the 15min and 4hr. It has every chance SonicR set-up in the ...

Sonic R. System

Hi TAH, FR Tool is being used in the example, as per Davids example. As you and DD have discussed before there's a variety of ways of using Fib numbers and where you plot them from. I can't say which is right or wrong as they both have a simular ...

Sonic R. System

David, I stand to be corrected but I believe you are using the Fib Retracement Tool incorrectly in your example. Once a Wave has been formed i.e. A to B you look for a Retracement to point C before it continues onward. Depending on the distance of ...

Sonic R. System

Juneman, haven't you closed all by TP3 and if not, what is TP4? If there's no TP4, moving SL to 50 pips I don't understand. Sorry for being so thick. Pablo

Sonic R. System

DD I think there needs to be more work done on going to BE early and placing the SL. What gives you the idea that its wrong to go to BE early, one week worth of trading? Pablo

Sonic R. System

Hi David, They are good questions and I wouldn't mind if one of the more experienced Sonikers interject to correct the logic below. My thoughts on this: Point 1. To "take early" or wait for "break above last wave".... Before I try to answer I would ...

Sonic R. System

Hi Juneman, the quote was "price waves" not Sonic Set-ups and you'll have noticed the ongoing debate about using Indicators to filter out Wave Set-ups. But we are on the same page :-) Pablo

Sonic R. System