For example, IBFX settled last trade of last week at 1.3521, and opened first trade at 1.3503 ... so is this a "gap down?" From what I can see, the last hour of EU last week on three different brokers seems to have basically range from ...

Sonic R. System

Well, if you consider the last hour range, i.e. 4PM-5PM NYC Friday, then you really have a market that has rolled open in Sydney at the upper limit of that range. The reason to consider the last hour range of the week is that many banks shut down ...

Sonic R. System

I'm always learning ... and I always keep in mind that what I think I "know" today may need to be revised tomorrow.

Sonic R. System

I don't understand...candles fly after your Take Profit? So what - you made a profit. Or do you mean it hit your Stop Loss? If that is the case, and if the red line on your chart is your Stop Loss, then your problem is that the SL has to go below ...

Sonic R. System

No, usually they send me a link to photbucket or some other off site picture sharing app.

Sonic R. System

No problem. You understand, of course, that I agreed with your post and I was just adding an additional opinion of my own to it. You were correct in what you said about supply zones being resistance in this case, and you also are correct, imo, that ...

Sonic R. System

Hi Sonikers, Please do not PM me with charts of trades and ask me to comment via PM. Sonic Sharing only works when charts are posted to the thread for everyone's benefit. I cannot respond to PM's about specific trades, as that is what this thread is ...

Sonic R. System

Supply zones will be stronger during down trends and demand zones will be weaker during down trends, and vice versa. This is why it is generally safer to short rallies in down trends and buy dips in up trends than it is to be a pure break out trader. ...

Sonic R. System

Now this is why people believe in things like market manipulation, stop loss hunting, etc. and so on. If you have a broker who routinely shows price prints far away from the real market, then you need to leave that broker. TAH is here drawing a ...

Sonic R. System

Good advice. It is better to view this as range testing, not "SL hunt." This can happen during any day of the week and during any session. The market has a big move and then bounces. Range contracts, and in doing so, price will tend to test back and ...

Sonic R. System

EU is at a level where it needs to put the brakes on soon if it is going to develop a short-, intermediate,- or long-term bounce. If it bouces, I doubt it will bounce for more than a few days to weeks.

Sonic R. System

That trade was a loser ... but a small one. It was SonicScout-like. I think Sonic perhaps should define SonicScout as he would like it defined. To me, a SonicScout is an entry at an S/R level. Sonic would presumably add a "stopping volume" ...

Sonic R. System

And this is what separates those who understand from those who do not - those suggesting that everyone is entitled to different opinions do not get that this is not a subjective art. We can not disagree as to what is or is not a SonicR set up ...

Sonic R. System

I think, TAH, that you will find an affinity with the Sam Seiden way of learning this aspect of price action. Do not try to learn it fast. This is not a race. I remember watching one of his webinars about a hundred times over a month or two period ...

Sonic R. System

I've never used it, and in the beginning of the thread, neither did Sonic. Neither does Sam Seiden if I recall correctly, though I May be mistaken on that score. Volume is not a necessary piece of information. I understand that many find it vital to ...

Sonic R. System

In hindsight, I wish I had gone short when my TP at 1.3750 was filled, but I was out on the road most of the day, and it had not occurred to me to place the order earlier.

Sonic R. System

I thank you both for the "V". aligater, you do what you got to do ... in spite of what others have said, your tough honesty has been a welcome sight for me. What many do not understand is this: It is the true friend who will cut you down with brutal ...

Sonic R. System

You and me both, brother. To everything there is a "Golden Age." One of the highlights of my life is that I found this thread during its Golden Age. Here's to hoping that there can be a SonicRenaissance ...

Sonic R. System

I will answer you by posting a screen shot of a post of mine from way back in December 2009. In this post, I was responding to someone who was attempting to explain price action that day using the words "pump and dump" and attribuing said PA to ...

Sonic R. System

Sonic Scout is short at resistance or long at support with a high RR factor (small tight stop loss = small small risk) and a large TP as measured in multiples of the initial risk. Sam Seiden calls this "profit margin," and he suggests that you ...

Sonic R. System