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jharteam replied Dec 29, 2008And do take heed for the extreme positive divergence of the CCI; that's a sure sign of a trend reversal or, at least, the temporary ending of the trend in question. Take care. Have a good one Jeff
Sonic R. System
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jharteam replied Dec 29, 2008Re: 5-Minutes Gbp/Usd Update — As mentioned before Christmas; I was looking for a Butterfly Harmonic to this potential bottoming. A Fibonacci fitted bullish Butterfly Harmonic has been in place. The aforementioned formation will be nullified ...
Sonic R. System
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jharteam replied Dec 27, 2008Re: 5-Minutes Gbp/Usd Update — ....I bet if it wasn't the holidays, Christmas and all that; I wouldn't even have to put on a sliding parallel line to gauge for entry!!! Fortunately, the market did provide the 'shakeouts' pattern. That spike ...
Sonic R. System
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jharteam replied Dec 27, 2008Hi Sonic: Ha ha...No s**t bro, I placed my buy stop at 1.4810; reason being that I wouldn't expect price actions would spike way beyond the Schiff Fork. Should I stayed put with the said buy stop, It would have been a trade turned out as expected; ...
Sonic R. System
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jharteam replied Dec 25, 2008hahaha....nah, Peter Schiff isn't THAT old! Schiff was a student of Dr. Andrew at that time and he incorporated this Schiff fork to the original works of Dr. Andrew. Take care. Merry Christmas to you! Jeff
Sonic R. System
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jharteam replied Dec 24, 2008Re: 5-Minutes Gbp/Usd — The downward sloping Schiff fork turned out to be a perfect one. Didn't trade this down move; but glad that I spotted the correct fork. Take care. Have a good one Jeff
Sonic R. System
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jharteam replied Dec 24, 2008Re: 5-Minutes Gbp/Usd — I see setup for trading again but promise myself I ain't gonna touch the button no more in 2008....Oh well...hehe...you win some, you miss and lose some...Take care. Have a good one Jeff
Sonic R. System
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jharteam replied Dec 24, 2008Yeah, you are right, bro. A bloody miss alright. I'm flat now with a loss of -5ppts. Red Fork looks like don't hold the water no more. You have a good one as well..(thumb up) :*) Jeff
Sonic R. System
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jharteam replied Dec 24, 2008Noted and agree. Been observing this formation since late afternoon; for now, still bias short side. If price actions can punch through the 'triple bottoms', so to speak and forming a bullish Butterfly Harmonic; all the better! Have a good one Jeff
Sonic R. System
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jharteam replied Dec 24, 2008Re: 5-Minutes & 15-Minutes Gbp/Usd Updates — The market has been surprisingly regulated; vibrating well within the forks and most of all, are setting itself up in a very classical posture in trading the fork. Just couldn't help it but to ...
Sonic R. System
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jharteam replied Dec 23, 2008Hi Sonic: Yeah, well presented and the mind set of Mark Douglas is strongly instilled in you (as in myself as well) already. Thanks for the reminder, in my case, and I would like to add a little which is in line with what you have laid down: "To be ...
Sonic R. System
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jharteam replied Dec 23, 2008Re: 5-Minutes Gbp/Usd Update — ...Immediate target at -1.4734+; break of that, -1.4660+... Have a good one Jeff
Sonic R. System
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jharteam replied Dec 23, 2008Nice short, Sonic. Shouldn't have traded over thin vol last night! Take care Jeff
Sonic R. System
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jharteam replied Dec 22, 2008Re: 5-Minutes Gbp/Usd Updates — Thick Black Line = 30-minute Upward Sloping Pitchfork Black Line = 5-minute Downward Sloping Pitchfork Dotted Line = 5-minute Downward Sloping Schiff fork. The decisive break of the Upward sloping fork of the ...
Sonic R. System
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jharteam replied Dec 21, 2008Do remember...u need wave analysis and observe price action...we do not blindly follow the indicators....that makes Sonic R system robust and more profitable....as mkts have various types of situation: trending and ranging.... Sonic[/quote] ...
Sonic R. System
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jharteam replied Dec 21, 2008Re: 240-Minutes Gbp/Usd — Just a 'long-term' 240-minute time frame Gbp/Usd for perspective. We are still very much on a bearish posture from the perspective of the 240-min time frame. The "shakeouts" pattern has transpired very well and caused ...
Sonic R. System
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jharteam replied Dec 21, 2008Thanks, Shilva...really nice charts. Totally agreed with your re-enter short and long level on the second chart. As of Friday's closing, price actions have punched through the pitchfork on the 30-min time frame and sat made a low of 1.4810 (the ...
Cable Update (GBPUSD)
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jharteam replied Dec 19, 2008Ok thanks Sonic, will check it out now...Send a chart to your email as well...Take care Jeff
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