Sonata 95 Wheat Journal

[Sonata95]

Hi All,

Could you pls help to check? is it set up 1?

Tks, Thang

[immy]

Hi All,

Could you pls help to check? is it set up 1?

Tks, Thang

That is Setup 1. perfect. well done.

[Sonata95]

Hi Immy,

Thank you for your reply. Pls see how the price move on yesterday, the blue vertical when we saw the set up 1.

Tks, Thang

[Sonata95]

Hi Immy and All,

I did not understand the Fruit strategy before but I re-read Fruit strategy in the week-end and found that I almost missed the short entry when there are seen a valid fruit signal in Daily and H1 chart. I did not see valid fruit signal in H4 TF.

[Sonata95]

Now my understanding, wheat daily chart end of wave 3 and start wave 4, wheat H4 end of wave 5 and wheat H1 in wave 3. Can I still do short entry?

[Sonata95]

M15 in S1 I already go short.

[immy]

Point 1. I can see that you're still not sure about which template to use. Trust me we have done this and found which tempaltes are the best way to see the market. V5.1 for The Setup Strategy, Fruit template for Fruit strategy. Now people like to mix and match but mix match often creates confusion. Either trade S1/S2 setups or trade Fruit with Classic Break.
Point 2. It appears to be a good Set-Up short on m15, however h1 does not look that enticing. As you can see it might be the end of wave 5 here which seems to be a correction on h1. I won't go to D1 for m15 trades because that means "paralysis of analysis". If we bring together all the information of the whole universe for you to make a trading decision, your job will still not be crystal clear because there will always be the element of "uncertainty". There are mnay high probability patterns in the market, that guide us in the right direction. We can prepare our selves well in advance and play with our "chances" i.e. probabilities.
Point 3. I'd never leave an m15 trade open over the weekend.

Cheers I hope this helps. Now i'm off to shopping parade

[immy]

Now my understanding, wheat daily chart end of wave 3 and start wave 4, wheat H4 end of wave 5 and wheat H1 in wave 3. Can I still do short entry?

Hi

How can you say its end of wave 3? I hope you meant, it may be the end but we will find out later. All we know is that there was a good valid reversal signal i.e. the Fruit. it may or may not go into wave 4, or it may or may not go into a new 3 down. We will only find out in the future. Since we do not know the future we take our signals "in the now" so that we can find out in the "future" which will then be the NOW.

We cannot say its end of Wave 3, but we can certainly say it is some sort of 3 up and there is a possibility it might turn around there. If I knew for sure it was going into wave 4, i wont take it because I don't want to trade into wave 4 but we don't now if it will be wave 4 or new 3 down.

cheers I hope it makes sense

[Sonata95]

Hi Immy,

Thank you very much for your comment.
I uploaded wrong Fruit Chart template H1 and re-uploaded both fruit chart template and classic.

As I know you will trade when you have a valid fruit signal. I know I have less patient and discipline, so I need improve both character to keep our trading skill consistence in long term.

D1 and H1 Wheat chart have valid fruit signal?

[Sonata95]

Re uploaded H1 Chart