Compare these to my GU long EP which was less than 5 pips above the upper band of the dragon.

Sonic R. System

I posted about this as recently as this weekend. I like my EP to be within 10 pips of the band, and no more than 20. Each of these, at least when I was posting, had EP's > 10 pips from the upper band of the dragon.

Sonic R. System

Each trade is its own. You will after a time figure out what works for you and also you will figure out, to paraphrase Keny Rogers, when you should hold them and when you should fold them and when you should walk away and when you should run! I am ...

Sonic R. System

And I will add a fourth concern - my broker's spread ont he EJ is usually 1.2 pips and my spread on the UJ is usually .6-.9, and my spread on the GU is usually 1.8. My spreads this afternoon have been 2-3 times normal. That makes me think that there ...

Sonic R. System

Possibly. Three things concern me about both the EJ and the UJ right now: 1) We are looking at EP's well above the upper band of the dragon unless you entered early, i.e. right about now; and 2) It is taking too long for these to trigger; and 3) the ...

Sonic R. System

Well, first of all when Sonic wrote of a 40 pip minimum SL, that was last October. The EJ had 600 pip/day moves back then! But now, price is much less volatile. I have had many SonicR trades where my first stop loss is only 10-20 pips. In my ...

Sonic R. System

I guess. But it seems to me if you are trying to learn to see price action, it would be easier without a bunch of lines that are not price action. What does the grid add, i.e. how does it benefit your trading? Just asking.

Sonic R. System

Explain what?

Sonic R. System

It is very similar to Sonic's EU short earlier. I guess it is technically a SonicR short, but like I said about the EU, I do not like the waves there. I like to trade when the waves are more clear and distinct and when they don't overlap back and ...

Sonic R. System

show me a pic ...

Sonic R. System

You must have been posting as I was posting the same. Yes, there now appears to be a potential SonicR long on the EJ.

Sonic R. System

Now the EJ looks to be setting up a possible SonicR long

Sonic R. System

No, I didn't like the waves. I wouldn't even have noticed that trendline, I would not have drawn that trendline, or considered that trendline at all. I trade S/R and waves only.

Sonic R. System

TP1 +55 filled.

Sonic R. System

I do not see a SonicR short or long on the EU. Wait for the waves, Sonikers. The GU was the only pair making waves this morning. Everything is is just puddle ripples.

Sonic R. System

Moved stop loss to two pips below the higher red line

Sonic R. System

I do not see a SonicR set up on the EJ in your chart.

Sonic R. System

Consistency, consistency, consistency ... the M15 is a consistent winner over time, whereas the M5 is not. The only time I used the M5 regularly for good, regular profits, was Fall of 2008 and Spring of 2009 when these things were moving 2-3% per ...

Sonic R. System

Ok, I am at break even on the stop loss, and my TP1 is +55 and my TP2 is +100. Let the market decide for me.

Sonic R. System

While I have a bearish bias, I cannot let that stop me from trying these longs on the GU. The first try was a break even deal. And this one may end the same way. My buddy just reminded me that we have a fed meeting this week, so we may not get sonic ...

Sonic R. System