Sonic, doesn't the green dot repaint while the candle is forming, so wouldn't we need to wait for the candle close in order to consider this a re-entry?

Sonic R. System

Good morning, I believe G/U and E/U are more of a downward bias. ON G/U I see a potential H&S forming, On E/U there is divergence forming on H1 and H4: Thank you.

Sonic R. System

E/U trade — Here is my E/U entry. What do you think? I had my Buy Stop @ 1.4125 (5 pips above the dayly pivot) TP1 is above M3 1.4155, TP2 is @ R1 1.4185 so now I'm wondering if this was a fake breakout? However there is divergence on CCI and ...

Sonic R. System

Accidentally closed my position @ TP1 wanted to close half and move SL to BE with next target @ TP2

Sonic R. System

e/u TRADE — Here is my E/U trade: 1H chart shows divergence with ytd. Gonna close half position at TP1 as I see it as a strong resistance lvl (yellow box on the diagram). Regards, snu.

Sonic R. System

Sonic, In your entries do you use advanced Elliot wave analysis or merely the H-L-LH (for downtrend) and L-H-HL (for uptrend)? I've gone through the most of the thread by now and have come across quite alot of examples where there is no clear H-L-LH ...

Sonic R. System

TP got hit! Once again, thx Sonic!

Sonic R. System

Thx, Basber! Just tried it on my demo, Alpari allows to do so, too bad it has to be done manually so one would need to monitor the trade. Regards, snu.

Sonic R. System

Yep , I'm in a trade SL @ BE now, TP is 1.4165 which is right below the D_R1 line @ 1.4170. Thx Sonic!

Sonic R. System

Guys, I have a question regarding position management. As I've seen here alot of times people when entering trade basically have 2 SLs and 2 TP lvls. If the first one is hit, half of the position is closed and second SL is moved to BE. So my ...

Sonic R. System

Sonic, what is your vision on E/U pair? I see potential H&S forming. What would be the good point to take the trade? Where do you expect it to go? Thank you!

Sonic R. System

Basber, this confuses me alittle. What Highs and Lows do I use to identify major trend? I looked at the 4H TF this way:

Sonic R. System

Good Morning, Sonikers! exactly, what is the plan? If we consider EU to go down, won't this be against the trend? For me 15M TF looks like price retraced back to dayly pivot and61 Fib lvl of ytds High/Low. So can we consider it up? What is possible ...

Sonic R. System

Guys, I think these trades were not out of the trading TF since sonic wrote couple of pages back that he looks for setups 1H before/after the end of Tokio session. Besides, Sonic presented the example of G/U re-entry trade just a couple of posts ago ...

Sonic R. System

Muhammad, could you plz explain your EP lvl? I've placed mine 10 pips above yours since i was waiting for the PA to break prev high and a resistance lvl.

Sonic R. System

Thank you very much for your simple and thorough explanation, ddaytrader. I appreciate your help.

Sonic R. System

Understanding Higher TF — Could anyone plz tell me how do i "read" higher TF. Let's take a look at a current G/U as an example: On H1 TF is it a move up or just a retracement up? How do I decide? Is an overall trend allready up or still down? ...

Sonic R. System

UJ shirt? — Can we consider UJ short if it bounces of the triangle?

Sonic R. System

yay! — Just finished my E/U short with +59 pips of profit! Finally doing something constructive, instead of just rushing into every single trade.

Sonic R. System