I'm quite interested in how this area is going to play out on the Aussie Dollar. Daily we are putting in higher lows.

james16 Chart Thread

This could be quite true but managing risk is a whole different story. I myself had quite a good day yesterday. We shouldn't trade on emotion but rather what we see in the charts and what we hear in the news.

Why are we afraid of simplicity?

My GJ buy limit was triggered early this morning and now up +47 pips floating. I may set this to BE since we are coming up on the 150 EMA on the daily chart.

james16 Chart Thread

Hello GuitarBloke, Unfortunately I really haven't spent much time there. I'm coming off of a break from trading due to time constraints and school. I recently graduated this past summer so I'm refocused and determined now more than ever to become a ...

james16 Chart Thread

No problem at all Mike. I may have exhausted myself today looking at so many charts lol. It is good practice for me though as I'm now making use of fibs and TL's when before I would never even touch those tools. I'm trying to keep my trading as ...

james16 Chart Thread

Figured I'd post this here since the PF seems to be down at the moment. Closely looking at GU with a BEOB. Could be a false breakout of the TL. Daily is closing below the 38 Fib.

james16 Chart Thread

I just had to bump this.. I was just looking through some of Seeking Light's posts since I recently started trading again at the Private Forum. This is gold and I believe everyone has experienced at some point in their trading careers. Referring to ...

Why are we afraid of simplicity?

So why question Feinan's original EU long trade? .. I see you edit your post.. realize that you need to analyze everything.. and I mean everything that the Sonic R. system presents to you. Stop trying to isolate one indicator and conduct a ...

Sonic R. System

The dragon is showing the way... It's above the trendline is it not? The dragon is above trend on 1hr, 15m, 30m, weekly, monthly, and daily is pointed up. What other signs do you need.

Sonic R. System

If you look at PA u really think that's bear?? Just because it is below dragon doesn't automatically make it bear. Price is STRUGGLING to go down.. Dragon is above trendline and overall trend is up..

Sonic R. System

Just like any tool you use to trade it really depends on how you interpret it. Two professional traders could see the same chart and come to entirely different conclusions and scenarios on how to trade it.

How useful is volume to a forex trader?

I'm with you on that.. we should see early next week what happens. Maybe even lower to next whole number before it turns. I have extra seeds to plant in the ground

Sonic R. System

My NU fishes swim well . Will think about closing before the weekend or letting run.. We'll see what NY brings us.

Sonic R. System

There seems to be a good amount of volume coming in above the quarter level as well. Possibly a bull trap? 1HR chart closed as a pinbar right on that level too.

Sonic R. System

I am thinking of switching over to FXCM, comparing my broker to the FXCM feed has produced different results. Some volume bars can be very important to the direction of the trade and general bias when using PVSRA.

Sonic R. System

Added EU long scout as MM's whacked price below half number and trading increased.

Sonic R. System

Thank you for this post. I believe I misunderstood the concept of volume drop offs which has led me to make some bad trades over the last few weeks. I am going back to demo to practice my understanding of PVSRA a bit better. I have been backtesting ...

Sonic R. System

I have two classic longs placed on UJ that I may be willing to hold over the weekend. There has been signs of reversal with price now being supported above the whole number.

Sonic R. System

AU Long scout #1 placed below .94000 after seeing notable volume at the low. MM's are clearly favoring the lower prices. Will add more if price begins to head in my direction.

Sonic R. System

Be careful, I still see this pair as bullish as we have not seen a strong rejection from the quarter level. I believe the MM's have slowly worked the price down during Asia and early LS in order to position for todays USD releases.

Sonic R. System