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- KumoDragon replied Jul 15, 2010
USD/CHF +90 — My one good sonic trade yesterday. USD/CHF for +90 Had a text book entry. Break out bar is all the way left of the picture, the waves, which you can't see, were showing a good formation. After entry price went to +30 then spiked ...
Sonic R. System
- KumoDragon replied Jul 14, 2010
Awesome how they first dropped EU enough to grab the short orders before the long move................................................................................
Sonic R. System
- KumoDragon replied Jul 14, 2010
Yep, in that one already. Even though at the time the tunnel was sideways I put on sell stop because of a H1 bearish shi channel and H4 looked good.
Sonic R. System
- KumoDragon replied Jul 14, 2010
I was thinking the same thing, which is why my entry is a bit past that lower range. If my entry gets hit, with any luck that means the range is over and it's a breakout.
Sonic R. System
- KumoDragon replied Jul 14, 2010
I entered a sell stop for that too, mostly because of the run up yesterday. The waves look good to me, but not sure about the dragon tunnel angle. It's going down, but very small in length. Would you consider that a 4 o'clock angle.
Sonic R. System
- KumoDragon replied Jul 13, 2010
Thanks. Ya, just trailing the stop beneath the dragon tunnel is the only thing I could think of. Like you mentioned though, doing that could also end you up in a loss when a trade initially went into profit. I'd thought about using the CCI as a an ...
Sonic R. System
- KumoDragon replied Jul 13, 2010
I have a question about those big moves like that. What within the sonic method can I use to give me an inkling that holding on would be a good idea? I was in EJ but got stopped out at +20. Then it went up to about 80-90- then went all the way back ...
Sonic R. System
- KumoDragon replied Jul 13, 2010
I missed that one
But, it was a great example to learn from.Sonic R. System
- KumoDragon replied Jul 13, 2010
At what time are you trading? I tried a couple outside the rules in off time and there wasn't enough momentum. So far the trades in the recommended U.S. time seem to break out relatively quickly.
Sonic R. System
- KumoDragon replied Jul 13, 2010
Im new to this method so I can't help you there. But, I will say this. I dont think someone showing you a statement would help much. Though the op was showing his wins many times through the course of the thread. The problems with forums is most ...
Sonic R. System
- KumoDragon replied Jul 13, 2010
About 3 years live. New to sonic though. I have a long term strategy, but sometimes it does not set up for a looong time. For the longest time I've been looking for something to trade with short term that works consistently well. I think sonic, ...
Sonic R. System
- KumoDragon replied Jul 13, 2010
Oooo, just looked at USD/chf, never traded that before looks like it has some consistently strong moves and decent spread.
Sonic R. System
- KumoDragon replied Jul 13, 2010
ya, this is me kicking myself lol. AHHHHHHHH. O well better to be careful when you are new to a method. Had EU on my charts to, but was to intent on EJ to act on it. And EU had a better break
Always another trade around the corner.Sonic R. System
- KumoDragon replied Jul 13, 2010
My EJ recap for today. — Everything was lined up according to the rules, so I placed 5 pips above the breakout bar. Was trailing manually tightly and quickly because a bearish channel and a fibo pivot were above. Locked Be at +30, then it ...
Sonic R. System
- KumoDragon replied Jul 13, 2010
Anybody else in EJ? I'm up +30 ATM. Will post jpeg when trade is over. SL Be.
Sonic R. System