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- mwql23 replied Jan 8, 2016
Ddaytrader, how did you get started in forex trading? I like the simplicity of Sonic R, however, one thing that I find difficult is the M15 time frame. As a beginner, the lower time frames seem to have more noise and whipsaws. I am thinking of paper ...
- mwql23 replied Jan 7, 2016
Thanks Ddaytrader By the way, what do you mean by basic price action concepts? In Pring's course, there are a lot of coverage on the basics of technical analysis (s/r, waves etc), classic chart patterns, the reading of volume, one- and two-bar ...
- mwql23 replied Jan 2, 2016
I have read about the roads others have taken, the hours spent working on their crafts and the price paid when their accounts gone bust, to reach a level of success in trading. How will my path be or will I still be trading xx months/years from now? ...
- mwql23 replied Dec 31, 2015
I still need to work on stop guessing where price may go next and then working backwards to find the supporting price patterns, to fit the guess. Happy 2016 everybody!
- mwql23 replied Dec 30, 2015
EURUSD Entered a long trade at the start of the London session. The reasons for entering the trade is because I believed the steep down trend will not resume into a lasting down trend. The price was ranging and price began to trend upwards (higher ...
- mwql23 replied Dec 29, 2015
Royal, from the higher TFs, I concluded there is a strong short signal. Looking from the right side of the chart, instead of the left, I saw the H-L-LH pattern. Anyway, this is the original chart I based my entry on, without any markings. Hope it is ...
- mwql23 replied Dec 29, 2015
Trade for tonight EURUSD Position Short Entry price 1.0950 Stop loss 1.0975 Take profit 1.0925 Exit price 1.0925 Profit/Loss +25pips Entry Daily chart (not shown) a. Candles are becoming shorter at the top of the peak b. Identified spinning top H1 ...
- mwql23 replied Dec 28, 2015
Ended up closing the trade, as a losing trade. Loss of 10pips Why I closed the trades: a. 89 EMA was broken twice, within half of the London session b. Dragon starts to trend sideways and downwards c. Strong bearish candles image
- mwql23 replied Dec 28, 2015
EURUSD On the M15 chart and H1 chart (not shown), L-H-HL pattern appears and the wave crosses above the dragon. The dragon is trending upwards, above 89 EMA. On the daily chart (not shown), L-H-HL pattern appears and the dragon approaches the 89 EMA ...
- mwql23 replied Dec 28, 2015
Appreciate your kind advice, I'm going to post my paper trades shortly. Still tinkering with trying to demo-trade on my phone, however, London session tends to begin during work.
- mwql23 replied Dec 26, 2015
I am relatively new to the forum. I have been studying the early posts on classic Sonic R and noted that indicators like QQE and CCI are no longer used in the latest indicators template. Can anyone be kind enough to point me to the post(s) where ...
- mwql23 replied Dec 26, 2015
Merry Christmas Sonicdeejay and everyone
- mwql23 replied Feb 16, 2014
Hi guys, I'm new to FX trading and wish to learn more about the Sonic R system. Having finished reading Alexander Elder's book, he recommends beginners like me to do our own manual system testing. The thing is MT4 seems to give me only 4.1K number ...
- mwql23 replied May 6, 2010
Anyone caught the DBHLC at the swing high for USDJPY (IBFX MT4 trader)? I made a decent gain from it (demo) and taking profit after watching the market plunge left me feeling buzzy (beginner) . Like a emotional high. How to cope with the emotional ...
- mwql23 replied Mar 25, 2010
Total beginner — Jim, I'm a early beginner who has been reading the public forum, feeling eager to start demo-trading price action In one of your posts early in the thread (can't remember the post number), you recommended beginners to just ...
- mwql23 replied Oct 29, 2009
Perhaps that's one of the many reasons why this pair is volatile, when the Japanese government is rather ficker-minded on its monetary policy. Hmm, I was just pondering on the significance of the announcement. After seeing what the British ...
- mwql23 replied Oct 18, 2009
Thanks phil, the calculator will come in handy
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