Dear Zabeen / Vinod Sir ,
I have doubt regarding Sonic Systems.
1. What is the use of RDH and RDL lines ?
2. What is the difference between MR1 and DR1 lines?
3. How to use this system more effectively ?
Waiting for your reply
Sivgates
Sivgates,
1.RDH and RDL - Highest possible upper and lower targets based on daily range of stock.
2. MR1,DR1 etc are resistance points and you can use them for exit points in uptrend. Similarly DS1,MS1 in downtrend.
3. Read this thread... I have posted as much as information and you can also post your questions if any which will be ansered.
Please read POST 1. Which has more information about this system and trading styles.