He needs to answer.

Sonic R. System

Because TAH has some explaining to do, because there is no way he is in a profit if short from 110.38. Right now I see the EJ at 110.63. Still a loss in my book.

Sonic R. System

How, pray tell, are you in a profit when price has not traded your side of 110.50 in several hours now? It is currently 110.60, which in my world would be a -22 pip open loss.

Sonic R. System

oh TAH, what are we going to do with you?

Sonic R. System

And so it continues, TAH. News is but a catylst that speeds up the reaction that the market is already going to have. if the market has news it will use it, but if there is no news, it does not matter, because the market is going to do what the ...

Sonic R. System

Market decided - no fill on the short, as per SonicR price never traded low enough to justify a proper SonicR entry. In addition, price came back to test earler broken support as resistance and resistance failed to materialize. Price should now ...

Sonic R. System

Here is how I am looking at it right now, TAH. Sell stop in the 110.1x area depending upon your broker's feed and spread, SL in high 110.3x to low 110.4x, and a TP at 109.4X If the down trend will continue, then I would expect price to stay below ...

Sonic R. System

I had one TP, and it was hit for +81 pips. I put the levels back on the chart to show the EP level, SL level, and TP level. Also note the trendline that was broken upon entry and the way it acted like a regression channel centerline containing price ...

Sonic R. System

TAH, your stop loss is there to cut your losses short. The TP's are there to let your profits run. It is the only way. If you start taking "modest profits" you will go broke, as your profits will not cover your losses. You know the old saying, that ...

Sonic R. System

TAH, it does not work that way. You only see that price has now rallied back into the range where you initiated your trade. Price could just as easily have continued to fall thousands of pips over the next few weeks, months, or even years, and thus ...

Sonic R. System

I'm still short EJ from last night's chart ... can't post a pic right now but I will update later. See pics posted last night for the set up ...

Sonic R. System

I understand what you are asking, but I do not know the best way to put it into words. The easiest way for me is to wait for price to settle into a range of consolidation. I then marke of a box of support and a box of resistance. I then let the ...

Sonic R. System

TAH, of the three components to a SonicR trade, SL should be the easiest to locate. EP's can be difficult, because sometimes the first obvious EP occurs from inside a range. Do we enter then? Do we wait until the range is broken? Should we wait for ...

Sonic R. System

And this is why I really do not like this particular SonicR - the EP was above support, and therefore really in the middle of a range. Price is now in a support area, and a break and hold below that level would be comforting hoping for a big ...

Sonic R. System

New TP ... looking for 109.85 instead of 110.20. EP 110.66, SL 110.93 ...

Sonic R. System

EJ Short ... for TAH ... let the market decide

Sonic R. System

As I see it, the AU SonicR short has alread triggered and TP1a has already been reached, and as I usually go to breakeven on my SL after TP1, I'd be flat and out of this pair. Price has rallied back to the prior minor S area. As I trade SonicR, ...

Sonic R. System

I was here to learn to trade SonicR and to help others do the same. I was fortunate to have found this thread when it was young and most folks kept to Sonic's rules and Sonic would step in an throw a wet blanket on any non-sonicR fires that people ...

Sonic R. System

I do not know what is going on here. These fib levels have been known for hundreds of years, and the library if full of books that apply them in a manner similar to Hansma. I have used them almost identically since I started trading SonicR - the big ...

Sonic R. System

And bias means nothing in the face of S/R and the Waves, hence the long term success of SonicR. For me, SOnicR EP's were the blue lines struck at S at the consolidation lows and at R at the consolidation highs. My bias was long, but S was broke for ...

Sonic R. System