Very nice! -ddaytrader

Sonic R. System

Stopped out of my previous short, but the Daily TF is setting up to go short again. If the EU closes down for the day, then my EP will be below what ever today's low turns out to be. -ddaytrader

Sonic R. System

My first account was a $25 (yes a Jackson $20 bill + a Lincoln $5 bill) micro account. I traded that account as seriously as I would have traded a $25K balance. I scale into my winners - I choke my losers off at the first clip of my SL. Guess what? ...

Sonic R. System

Now, TAH, no need to get so sporited in your response to Doncex when even Sonic himself has been gently trying to persuade not to follow this course. I would like to add two questions to the discussion (let's keep a discussion and not a war, ok?): ...

Sonic R. System

There goes a keeper for my Sonic notebook ... three years as a Soniker, and I still find gems like this helpful to keep my focus. Thank You, Basber - and it is great to see you, my friend. I have missed you and Muhammad and TAH and Sonic very much. ...

Sonic R. System

TAH, he should be apologizing to you - just put him on ignore where he belongs.

Sonic R. System

I hope everyone respects this request by TAH. He generously donates so much of his time and talent to provide us Sonikers with this template service, we owe it to him and to ourselves to study and learn these indicators for ourselves - and that will ...

Sonic R. System

*My stop loss is the "escape plan" - no need for any other, as that is exactly what a stop loss is to do - close the position if (and only if) the market proves you wrong. * This is a trend following system - no TP's, just a trailing stop loss. For ...

Sonic R. System

Hi Sonic, Great news about your Dad! As for the lower high for bear/higher low for bull, I have a good buddy who calls that "the chop zone." He says that when price gets into a chop zone, you should focus on the high before the lower high and the ...

Sonic R. System

Yes and yes

Sonic R. System

Glad to share, kimis! The initial stop loss in this system, for shorts, is always above the high price corresponding to the ROC's peak for the pullback. This means the # of pips at risk is usually higher than when you trade the SonicR on the M15. ...

Sonic R. System

I cannot recommend interactivebrokers highly enough - terrible customer service, unfortuantely, but that is because they keep costs now with tight spreads and low commissions. It is not a broker for new traders. Cut your teath in the bucket shops, ...

Sonic R. System

I agree. This has been the one area over the years (yes, TAH, it has been years!) where TAH and I diverge - I do not think the concept of "the Big Boy's" is at all helpful. There is no telling what activity is the result of large institutions and ...

Sonic R. System

Here is my brokers chart of the GBP.CHF - I have been continuously short this pair since April. I had a couple small wipeouts (whipsaws, losses) before I caught the south-going wave. I have gotten a couple of PM's about my chart. No, this is not MT4 ...

Sonic R. System

Sure TAH, anything for you, my friend! Remember that the FX world considers a day 5 PM to 5 PM NY time. While retail FX traders like us often mistake Tokyo or London as the "open," bankers, aka "the BB's," consider it a new day at 5PM EST/EDT. So, ...

Sonic R. System

Hello Sonikers, Here is the EU chart from my broker showing a short sell stop order at 1.4113 based upon a set up I call the Sonic Pyramid. While the dragon is displaying a sideways trend, price is below, thus I look for short entries only. In this ...

Sonic R. System

Hello Sonikers, I am happy to be back here at Sonic's thread. I did not come back to argue or fight or anything negative at all. This time around, my policy is simple - avoid all conflict! This means I will employ liberal use of the ignore feature ...

Sonic R. System

Muhammad, you are a master of patience and discipline - you really are a bright example for any Soniker to follow. Good Trading! dd

Sonic R. System

For the EU, it is saying Sonic Dragon is flat - market is in Trading Range. image I want the dragon to breakout of its range, and price to break out of its range, either by a close below 1.3972 (confirm a downtrend) or a close above 1.4576 ...

Sonic R. System

Speaking to a forum of daytraders, most are concerned with the gap filling that day. I stand by my statement - "most gaps, if not filled within 60 minutes of the open, with price trending away from the gap, will not close." I assumed that you ...

Sonic R. System