EJ : fibo level 50 in weekly chart, will break or not? Lets market decide ![](https://resources.faireconomy.media/images/emojis/64/1f914.png?v=14.0)
![](https://resources.faireconomy.media/images/emojis/64/1f914.png?v=14.0)
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Disliked{quote} Nicoacademia, TAH always refers to pips rather than currency amounts, because that is what the target is. I'm not saying the money isn't important, but making reference to currency gains could "put stars in the eyes" of some people, and cause them to blindly jump into something with visions of great wealth flowling their way. The currency involved is a reflection of what each person uses in their trade sizes. It's somewhat irrelevant. Representing trades with pips gained or lossed is more transferrable to everyone as a whole...
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Disliked{quote} nicoacademia, I love when people talk about trading with real money. You are from $ingapore.... $onic too....when I grow up I want to come live in $ingapore...
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DislikedEJ : fibo level 50 in weekly chart, will break or not? Lets market decide{image}
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DislikedIt is amazing!! I have been losing before because I didn't have a fixed trading system.Then I saw the SONIC and tried this system. Now conditions began to improve, thank you! Ps:sorry for my English!Ignored
Disliked{quote} Arrrr me hearties, I be back from the ocean....now maybe UJ has found an area to turn it back down.....TWT.
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DislikedI have gone back through the one minute chart and I still see the same thing even in hindsight; the volume occurs consistently at the highs with break of the new quarter half or whole numbers (above the dotted yellow line).{image}Ignored
Disliked{quote} so i assume your account is >$1000. my point is as i reiterate. is that there is a real money entry point that must first be fulfilled before anyone embarks on this. and that dollar value is $1000. only using micro lots(1,000 of ccy).Ignored
Disliked{quote} Revoli I am not replying to you specifically and really I have no place saying anything at all in this thread as I do not trade using these methods however I am a long time user of volume in my trading and I also have a great respect for Sonic and what has been done in this thread by both Sonic and TAH (I am but a silent follower interested watching the progress). The portion of your statement that I left in my reply is and can be a bit misleading or should I say a point of confusion for traders using volume. In VSA they teach that weakness...Ignored
DislikedGU short TP hit. I took some of these out yesterday which in hindsight was a mistake. One left to run to it's TP, protecting with stops along the way. 353 pips on this pair so far. {image} Edit: Drawdown on this was about 360 pips and it has been running since about 29th April. On my maths for required account size to cover this that is about 1% return on account size.Ignored
Disliked{quote} My final GU TP hit giving me a total of 488 pips on 5 positions, this was included in my tally for week number above. Must pay attention. This TP is on a 61.8 fib AND a long term trendline AND RDL. Whilst there is a bounce I am being cautious and will wait until next week now. {image}Ignored