I would also like to add that if that first "Low" prior to the "Lower High" had printed within the range of the dragon, then I'd have entered short on a break of that low, even if that meant my EP was not below the dragon. It is all about trading ...

Sonic R. System

Yes - and if you go back the very first posts made by Sonic when he started this thread, you will find just that type of explanation for entering. And I would agree with TAH that this particular set up offered an entry on both the breakout below the ...

Sonic R. System

I'd have entered closer to the dragon - study this pic and ask questions... but before you ask questions, study the waves. I have outlined the first waves as I see them. Look carefully at the price action where I drew my EP.

Sonic R. System

I'm proud of you - Good Job!

Sonic R. System

TAH, stop writing novels and stories about The Adventures of the Big Boys. Just wait and trade the waves. Nothing should happen, and not thought of magical creatures should influence your trading. Repeat after me ... Trade the waves... trade the ...

Sonic R. System

Do you not find it at all remarkable that you are quick to close profits and not once have you added to a winning position, and yet you will trade without a stop loss and pyramid your losers? TAH, if you would allow yourself the self-knowledge to ...

Sonic R. System

Good thing you weren't short with one of your tentative or not at all stop losses, right TAH? This is why you must have a stop loss in at all times in foreign exchange - especially when you are going to trade against the waves rather than with them. ...

Sonic R. System

Nice pips, TAH. Too bad you closed that trade because it looks as though the US Dollar has finally bottomed and the trend is now going to be USD up and everything else down - the next SonicR long USDCHF should be a low risk high reward set up. If ...

Sonic R. System

and ddaytrader using SonicR

Sonic R. System

I did, and in my wildest dreams I didn't think the TP would have been hit by this morning... +267 pips at the TP I took a screen shot to show the trade levels. For anyone counting, that is three SonicR trades posted for +81, +100, and +267 pips for ...

Sonic R. System

You say "yesterday," but for me, it is still yesterday here, at least for another 32 minutes, then it will be tomorrow, which is today for you, but at that point it will be today for both us. So, until tomorrow, (or was it today) ... well no matter. ...

Sonic R. System

Others would say otherwise, perhaps, but I suggest you start at the beginning and read the posts by Sonic, Basber, Muhammad, ddaytrader, and Domas. Use the SonicR templates from the beginning of the thread. Jumping ahead and trying to figure out ...

Sonic R. System

And again, so as not to discriminate against residents of the United States and others who may find that the demands of life itself to not allow one to stay up 24 hours per day so as to trade the London session, there are plenty of bank traders in ...

Sonic R. System

Some people would just close the trade at the end of the session no matter what. Nando said the other day that he is strictly a day trader, and thus he manually closed his open trades at the end of the session even though they did not hit TP or SL. ...

Sonic R. System

Sure I have. Everytime I trade an M15 SonicR it is in relation to S/R on H1 and H4 S/R, and everytime I trade a daily TF set up it is in relation to weekly and monthly S/R. My point here is that Sonikers, especially newbies, are better off limiting ...

Sonic R. System

1) Sonic re-entry trades do not seem to be spoken of much anymore, but I always liked the SonicRe-entry, and your entry here was according to the rules as Sonic initially offered them. So yes, your re-entry trade was fine. 2) In my opinion, the best ...

Sonic R. System

The answer is that it is beyond the purview of this thread. If you wish to explore counter trend trades using fibs on a 5 minute chart, then start a thread. Surely you can see that in a thread that trades the M15 using H1 and higher TF for S/R is ...

Sonic R. System

I usually use a zig setting of 8, 10, and 12, and each will find waves of different sizes. I prefer to analyze the swings myself using S/R, but as I said in the post above, I did find it somewhat helpful when I was first training my eyes to see ...

Sonic R. System

I do not use volume and VSA in my own decision making. You should address your questions to Sonic himself or those who use it as Sonic himself uses it.

Sonic R. System

This thread started during the financial crisis when currency pairs were moving 300-600 pips per day. Under those circumstances, we used the M5 as the M5 range was large enough to trade. Some have mistakenly extrapolated the use of the M5 under ...

Sonic R. System