Ok, good, so you are now bearish based on the H4. But, where will you put your stop loss and what is your TP? A system is not complete without proper SL/TP placement, you gotta figure that one out next. You already know adding and averaging made you ...

Sonic R. System

Hmm... I see, cool, you could be right

Sonic R. System

Agree And everyday is a learning phase for everybody

Sonic R. System

Woot awesome!!! Newbies analyzing the market and not the indicators. Hey, that's how we learn And now, at the support and resistances that we discussed, look for a moving average cross or something that will be your scalp entry. ...

Sonic R. System

If you watch these two other majors though. As you can see they refused to go down with AU and GU. Meaning, there might still be some bullish action next week. Watch these two pairs EU and NU next week, if they can break their resistances most ...

Sonic R. System

Good job But, I will definitely watch those support areas for a possible scalp to the upside. Even if it does not hold, it's fine with me, I will scalp either direction. That's the nice thing about being a scalper. We just go with the ...

Sonic R. System

Nice analysis What do you think about the support I drew here?

Sonic R. System

Cool

Sonic R. System

NZD/USD I wonder who got suckered in the second time thinking that resistance is going to break. They did it again, and now AUD/USD broke the support. Bears are heavy at the moment. Maybe someone knows early about the news?

Sonic R. System

Hah hah yeah, except I'm done trading I'm just watching the fun now.

Sonic R. System

Wow, we started trading Forex at the same time. Then, you are like my school mate enrolled in another classroom.

Sonic R. System

"I rather raise my lot size, take 10-20 pips and close my computer and be happy all the day than wait 2 months, get lost lot of nerves and bite my nails " Agree

Sonic R. System

Looks like it's profit taking Friday on AUD/USD . But, I'm done for today and I'm taking home the bacon.

Sonic R. System

Yeah, it might go down more, usually fake out like those makes good long moves. But who knows, these MM's are crazy sometimes. hah hah that was a fun trade.

Sonic R. System

Classic MM Fake out, resistance break then BAM! b'terds!!! I was watching NU, because it's been leading the move on USD pairs lately.

Sonic R. System

But, I did got suckered in long on AUD/USD and lost -6 pips. However, I was quick to find that mistake lol. Made 12.8 pips on the way down and made more than my loss.

Sonic R. System

hah hah gotta love fake outs MM's at work lol USD pairs Kaput now. I saw that fake resistance break on NZD/USD then BAM rofl

Sonic R. System

Cool. My position size depends on the risk by dollar amount divided by number of pips SL. So for example, if SL is 10 pips, and my risk is $20, divide that by 10 would be 20,000 units or 0.20. Every week I will adjust risk as the account grows. So ...

Sonic R. System

PVRSA is an excellent confirmer, I only trade it when the price is going my way. I started using it this week, so far, there's just one loosing trade. This is a statement from my live account. Trade based on the direction on a big time frame, entry ...

Sonic R. System

"TRADE WHAT YOU SEE, all other stuff is BULL'S SHIT!!!"

Sonic R. System