I think indicators allow you to do quick filtering. i.e. select pairs that are trending well with a glance. After that, once you get your list of pairs you will need to do more careful analysis without indicators by drawing in the levels, trendlines ...

Follow the Trend Let it be Your Friend

Its a basic stochastic set to 7,2,2, available on all platforms. Not some magical indicator. Wouldn't be posting it as it's not part of sonic so doesn't belong here. Use it if you want to.

Sonic R. System

for anyone interested: price seems to have found support on the upperside of the monthly TL and now testing the potential daily TL. Could be building HH,HL from here, see the long lower wicks of the daily bear bars. But this one is highly uncertain ...

Sonic R. System

Sorry for long post, hope it helps! Colour codes: Brown: Monthly Zones/Levels/Trendlines Green: Weekly Purple: Daily Turquoise: H4 Orange: H1 Grey: Special levels of interest. I wouldn't touch EU for now - it's hitting a trendline that's not too ...

Sonic R. System

1. Scalp only during high volatility sessions like London and NY, because during Asian Session it's rather unpredictable how volatility will be like. 2. Make sure you pick a pair with high Average daily range, I personally like GBPJPY. My broker has ...

A couple questions to all the scalpers out there

Under File > Open Data Folder. Go to MQL4 > Indicators.

Sonic R. System

lol works well with AppleCare Yes very true. mark douglas says to determine what is AT RISK. for many traders it includes the ego risk.

Just how well do you deal with loss?

tbh out of all the trading systems I have created/come across, I like the volume idea the most because it's actually telling me something that's REAL and not what I believe to be the case. Price can lie but volume can't. As long as the institutions ...

Sonic R. System

Here's a version of the 89 EMA that's colour coded to indicate trend. It's really the same thing. When price closes three days below the EMA when it's black (downtrend) or three days above the EMA when it's grey (uptrend) then it's a good idea to ...

Sonic R. System

Here's a bit of speculation as to why this works. Volume spikes exist on all time frames, but we can safely say that the larger the time frame, the more significant they should be. 1 min chart is probably some market maker doing some buying/selling ...

Sonic R. System

Here's a current example on GBPJPY. Daily: image 4H: image

Sonic R. System

Cont. from previous. However there are two cases you need to be aware of because these two usually mean that you should stay away from trying to trend trade this pair for a while and wait for it to test the 89EMA on the daily chart. The first is ...

Sonic R. System

Not sure if anyone has posted this before, but today I discovered a really good way to only trade the trending pairs and stay away from the mixed ones. Basically the sonic wave indicator can be used to tell trend on daily charts, but not really in ...

Sonic R. System

One way I use is to first determine if this is going to be an intra-day trade or a swing trade. If it's intra-day then I will add when price tests support/dragon etc, put trades to breakeven/pull stops up and then close all before end of the day on ...

Sonic R. System

He called the commodities top pretty much exactly lol.

Third Screen Strategy - Dr. Alexander Elder

lol this means they are putting you in the B-book, and they expect you to lose all your balance to them eventually. None of your orders are executed to the market directly. If it was through the A-book it'll have slippage and lags. This means ...

Central Banks & Big Players

Looking to build EU shorts to 1.323 major support.

Sonic R. System

Managed to short EU from 1.3625. MM must be having a field day.

Sonic R. System

Mm I think the real question is when do you bite the bullet and take a loss when the trade goes against you. Very important to get that settled especially in live account emotions can run high and interfere. else you can never be sure the margin ...

Sonic R. System