Sometimes you have to take all of the extraneous garbage off the chart and just see price itself. If you ask me, the GU no longer has the proper wave formation to be a SonicR - there is too much chop and overlap. It may decline from here, but it is ...

Sonic R. System

Short GU at 1.6149 exactly. SL 1.6181 TP1 1.6099 TP2 1.6065 These may change as I may elect a trailing stop rather than fixed targets.

Sonic R. System

I think you may have to post a chart(s) showing us what you mean. What else is there besides support/resistance, highs & lows, wave analysis?

Sonic R. System

You mean like the current double top set up on the GU?

Sonic R. System

Exactly my point about using volume to decide what to do, or to guess at what might occur: All volume tells you is that your broker had a lot of activity at that level. It lets you know that a lot of little fish think something is going to happen ...

Sonic R. System

SonicR Thread Rules: No Picture, No Talk

Sonic R. System

TP1

Sonic R. System

Every trade should have the same risk, +/- a few dolars, if you are doing this right. Each trade should have a 2% bet size. You should only take the trade if you have a TP1 that is equal to your risk. Well, I say "you should," but I guess I mean "I ...

Sonic R. System

Hmmmmmmmm, my stop loss is 65 pips, not 80. Not that that matters. Each trade is a 2% risk - I just adjust how much I'm trading. For example, if you trade a 5K account, your 2% risk limit is $100. A trade that has a 20 pip stop loss would ...

Sonic R. System

I will usually open new position until about 2:30-3:00 EST. I do not like to trade this late, but in this case, I think we are looking possibly at a nice sized swing down. After 2:30 PM EST, it has to be a real good looking SonicR to make me pull ...

Sonic R. System

I have no idea what you are asking me.

Sonic R. System

I sure do hate to keepposting short set ups, but that is what I have been seing today. Here is a SonicR short setting up on the GU. This too could flip to long

Sonic R. System

This is what I mean whenever I say that the Sonic Dragon keeps us safe. It does not preven all losses, but it does keep us out of many of them and out of harms way from the teeth of the whipsaw.

Sonic R. System

Here is my EU short set up: EP 1.4493, SL 1.4520 TP's are +50 and +110 EDIT: I would actually like it more if price would rally even higher before triggering the short, if the short triggers that is EDIT 2: First TP is +50 (1.4493) not +40 as I ...

Sonic R. System

Pic 1 - it's from Sonic's Manual , ex #7. I do not understand what was the entry trigger. I see L,H,HL but no Break Out (BO) of the H. So what is the trigger ? A candle closing above the dragon ? Why not to wait for the BO ? I would have traded this ...

Sonic R. System

Hi Sonic, Do you remember early in the thread you used to provide a review of your weekly trades with pics (no picture no post)? I would really like to see you do that again at the end of each week - a quick chart pic of each of your trades would ...

Sonic R. System

So once you have a SonicR trigger, you leave your stop loss the same, and you stay with the trade until you either take your profit or take your loss? You really are a pro, Muhammad. I will say that my weakness is that I move my stop loss too soon ...

Sonic R. System

6 trades and all winners!? For an average profit of just over 60+ pips/trade! Muhammad, you are Super Soniker!

Sonic R. System

We've been watching you ... they'll be coming. But you have to keep sharing for a while first.

Sonic R. System

Muhammad has certainly earned some vouches, I would think. You got mine, Muhammad! -DD

Sonic R. System