Entered 1 hour before London. The area was rejected, TPs reached. Now looks like Price wants to retest the Resistance.

Sonic R. System

EUR/JPY. Taking H4 into the account: price went into the previous consolidation area, which could be hold as resistance. Price can reject that zone, or stay and consolidate. No bias yet, will wait for the London to open and see where the price wants ...

Sonic R. System

I cannot see H4/D1 timeframes for Support and Resistance, therefore I doubt that anybody could answer if this setup is valid or not.

Sonic R. System

I believe it stands for R - Race ?

Sonic R. System

Sonikers, please express your valuable opinion which logo looks best

Sonic R. System

Okay, seems like a dollar rallied after NFP today. E/U is now trading at important resistance - 1.4830, which happens to be also the trendline since March rally. I think next week we will see some really profitable setups! Have a good weekend ...

Sonic R. System

I'm with you on this one, I hope to see that upward sloping trendline to be broken also

Sonic R. System

keepin it simple

Sonic R. System

Anyways, this pair gone mad!

Sonic R. System

TP reached big time. Price ranged for a while forming new higher lows. Traders probably waited for the movement during Trichet speach. Oh well, +34 demo pips.

Sonic R. System

Well, I have a Daily Pivot right at the point of your sell entry, therefore I hesitated to take the trade. You don't use Pivots? Just S&R ?

Sonic R. System

USD/CAD A decent bullish hammer on H4. EP: ~1.0500. I'm new to this pair so , I'll take this trade on DEMO. EDIT: Price went into resistance at the psych level 1.0500. Managed to get above that level by 10 pips, but for now it seems like it failed.

Sonic R. System

EU: Either this... or today we will have a ranging market:

Sonic R. System

One thing this thread taught me (ddaytrader to be exact) is that- your job as a daytrader is to trade what you see according to your system. Nobody can predict short-term price variations due to news and all efforts to do so is unneccessary noise to ...

Sonic R. System

Ok good, thank you, this is critical information for my trading.

Sonic R. System

Okay, but:

Sonic R. System

Dear Sonic, I have a question for you about your last EU trade. Was your entry a buy stop order, or did you enter at the retracement? I somehow entered a bit too late.. I made a picture to make my question clear:

Sonic R. System

TP1 hit, SL moved to break even - let it ride.

Sonic R. System

EU: TP2 at this year's high

Sonic R. System

Break the trendline, retest it , form a wave while retesting it and off we go long before the London open? Maybe.. Maybe not.

Sonic R. System