Wally, when you're using M5 to enter the trade, your TPs should be smaller too. Although I don't recommend new traders to trade M5, 20 pips profit is a good goal for M5 entries. If you shift on M15, there was no clear swing and also I don't like ...

Sonic R. System

Hi Mitch, I believe it was just a losing trade. I'm still in it and with profit, but if you wanted to trade classic sonicr (recommended), your SL would've been hit. Any as you know, nothing's 100%. It's just a loss. Regards, Basber

Sonic R. System

Like TAH mentioned, it's a valid move for a long SonicR setup. Sorry for the late answer, it was 4 a.m. so I was too sleepy and went to bed Regards, Basber

Sonic R. System

Hey C, Of course it's not any trouble. It's my pleasure to be helpful. Not at all. You're entry due to dragon and few pips below the dragon is fine. The thing with your entry that I don't like is the wave. after the move down, there is no clear pull ...

Sonic R. System

It was not old market movers, it was a bad entry from you. just tell me, where was a short setup ? Beside there was no lower low, only two candles closes below the dragon that you should place your sell order few pips above it's low, and it didn't ...

Sonic R. System

You're quite welcome Wally Everyone is at the beginning half of their trading life. Setting StopLoss is Solid for many systems, But managing good levels for taking profit, is a very hard task, because their is no solid rule. A setup could move ...

Sonic R. System

And Again ... Where is the wave people ?! Regards, Basber

Sonic R. System

Where is wave analysis ? don't force to enter a trade. for a short, you should see a move down, with volume at the high, showing that big guns are loading their positions at highs, then we should see a pull back then we wait for a candle to close ...

Sonic R. System

Welcome Wally, Don't hope, Just do it. Confidence will be the result Another thing ... Try to recieve what market desires to give you. I don't like targets at all ... I'll get what markets gives me, in this strategy. Targeting will make you do ...

Sonic R. System

Congrates Pumlitch, It's an old saying ... : "suckers gets in first" ! that's why I rather to avoid trading in monday, unless there is a very good setup. And on friday, many traders decide to close their trades, that's why it's change from technical ...

Sonic R. System

Hi KD, If you still got problems calculating timezones, then here's a program that shows different countries/cities time. No need to adjust anything, It'll automaticly change what ever it needs to. just run it. Regards, Basber

Sonic R. System

I manage to get in more depended on NVO, not hours. but I monitor the charts 1 hour before london session till 2 hours after NY session. Regards, Basber

Sonic R. System

Hi KD, Back then we had bigger moves, so filtering and TPs and SLs were bigger. But now, as if you mentioned, there were a change in the market, as always, and we don't adabt ourselves to these changes, our balance will suffer very much. Anyway, I ...

Sonic R. System

Nope, I add it just for long positions. Regards, Basber

Sonic R. System

I consider 4-5 pips (+spread) for "few" myself. Regards, Basber

Sonic R. System

Hi TAH, It was a really good position for me, and because when it goes up to made the last divergence, it didn't go that far, so it saved my trade and I added again when I saw the fifth divergence. Now I closed 3/5 of the total trade size and the ...

Sonic R. System

LOL ! Many losers don't know why they lose, and if you know why you're losing, sooner or later, you'll make it go ... Pride is one thing that made a trader or his balance killed ... But remember, there is not always a "reason" for your loss. It may ...

Sonic R. System

Knowledge to our weaknesses is the first step to overcome to it. Everyone has their own weak points. If they become aware of it, they passed most of the hard road they should pass ! So you're ahead of most of the traders I believe, because I think ...

Sonic R. System

Same here (I just like triple bearish divergence and the volume at the high!), just entered on 50% FR. will add if price breaks the last low. Very small volume though ... Regards, Basber

Sonic R. System

Beside what TAH replies, here's my opinion on your trade : 1) It's better not to trade when price already made it's move. It's bizzare fo this pair to go more than 100pips per day (GMT time zone). As you can see in your chart, price already made ...

Sonic R. System