Key support? I see price consolidating at its highs, above the most recent pullback. I see no movement "down through key support." Doesn't mean it won't happen, just that it hasn't happened yet. Here is how I would view EJ price action in terms of ...

Sonic R. System

Brought to its logical conclusion, that is the implication of your views regarding SL's, the "Big Boys," etc. Such views are contrary to the assumptions of SonicR. You are the most frequent poster to this thread, and as many of your views are at ...

Sonic R. System

Sounds like TAH-lite. As a trader, you can either be someone who makes things happen, or you can be someone to whom things happen. You choose. Honestly, if this were mere guesswork, I wouldn't do it. There'd be no edge. There are traders (those who ...

Sonic R. System

Yes, those who do not see the structure of the market see instead mystery. And they seek to explain that mystery by conjuring up the existence of phantoms and goblins and ghouls by various names, such as "Big Boys" and "Banksters." Those who think ...

Sonic R. System

I agree with Nando. Your charts are not at all clear and you are clearly not trading SonicR. If you feel you are trading SonicR with your own "slant" then you need to explain it to us and convince us that that is the case. If you are not trading ...

Sonic R. System

I already put it in mine. That would be a good thing for Nando and Hansma to do. I would remind everyone here that each of us has benefited from the freely shared help of others. Pay it forward, and do so happily. This has become a very mean ...

Sonic R. System

Hans/Nando Style Fib Info — Here are three posts that should be sufficient for anyone wishing to set their fibs in the manner used by Hamsma and Nando. For more examples, you can do an advanced search of this thread specificall targeting ...

Sonic R. System

TAH, if you understand the classic SonicR, then how can you say that there is no technical basis for a stop loss? The problem you might have is that you trade spot forex with a bucket shop that plays games with its customers. But in the real world ...

Sonic R. System

Great post with a very clear chart, TAH, thanks for the share!

Sonic R. System

I understand you. The problem is that you don't understand you. Good night, TAH.

Sonic R. System

So what you are saying is that the criterion is % risk, and that volatiltity may result in that risk necessary to take a trade to be higher than the allowed risk, therefore skip the trade. No kidding! That's what I said. Risk no more than 2% of the ...

Sonic R. System

Most pro's would say that %risk is the only consideration, but they would agree with you that if a particular trade required that your risk a greater % of your capital on a trade than your plan dictates that you should indeed not take that trade. ...

Sonic R. System

When we speak of money management, we mean ALWAYS have a fixed stop loss in the market, trade small enough so that you risk less than 2% of your account on any one trade - the smaller the risk the better, though this is difficult for small account ...

Sonic R. System

What are you doing, TAH? Trying to prove me wrong? I still say you can't stick to classic SonicR for even one month. But I sure hope that you prove me wrong, my brother, 'cause being wrong in this case would make me very happy! Nice trade!

Sonic R. System

Because I still expect a 400-500 pip decline prior to another rally. No different than classic M15 SonicR where you might be short the EU in the London AM and long the EU during the US session. The difference on the daily is I may be short today and ...

Sonic R. System

DD's SonicD - Trading the Daily TF — Here is the chart in MT4 showing the trade levels with a target for TP at par. Price is in a downtrend, rallies to dragon, 2 period ROC turned down several days ago, so it was merely a matter of waiting for ...

Sonic R. System

Daily TF SonicD Pyramid trade: going short the AUDUSD on a sell stop at 1.0430. I will post the chart later when I get to my other computer.

Sonic R. System

After entry, price spiked down to the prior day' earlier consolidation, testing a minor former resistance as support. Our stop loss, judiciously set using fibs and S/R to keep us out of harm's way unless price had kept dropping. If price had kept ...

Sonic R. System

Let's see what we can come up with ... no promises of course. But let's give it the old "college try." This is a demo H1 SonicR, using S/R, the dragon, and simple MACD divergence to identify a possible double bottom consolidation, and employing an ...

Sonic R. System

I'd never say that about the way Hans and Nando trade SonicR - if you recall, it is almost identical to the way I traded SonicR on M15 - just go back to my old posts. My criticism of you, TAH, is with your Losers Averaging Losers approach, which not ...

Sonic R. System