1.When setting your SL ,do you take the dragon into consideration or it will be always above/below the last swing ? Always set my SL based on price, not an indicator. As valuable as the dragon is, it is just an indicator. 2.EP > last swing low was ...

Sonic R. System

Oh, is that all you want, a magical potion that will tell you in advance when you are guaranteed at least a 20 pip profit? Why didn't you say so!? Do you not see that you are falling into the trap - you are doomed. You are looking for the ...

Sonic R. System

Come on, Blackcat, read my posts from the last two days and read the quote from SOnic I have in my signature. Do yourself a big favor and stay away from anything lower than 15 minute time frame for at least 12 months.

Sonic R. System

Well, you could start with Charles Dow, of Dow Theory Fame (you may have heard of the Dow-Jones averages), and the writings of his students W. P. Hamilton and Robert Rhea. Of course there is William O'Neil of Investor's Business Daily who has an ...

Sonic R. System

That is a very clear and well marked chart. Thank you, Domas

Sonic R. System

The spread at FXCM is only 1.2 pips on the EJ. When I post my trades I round up/down and when I enter my orders I round away from the low, so while it may look like I am only 1 pip lower, I am always 1.2-2.0 pips in actuality. For example, ...

Sonic R. System

I'll answer your other questions later, but may I recommend that you spend some time at school of babypips.com. If you do not understand what it means to move a stop loss to break even, then you have some basic concepts that you still need to learn ...

Sonic R. System

My SL was 131.22, for a -25 pip risk

Sonic R. System

For the record, I have never read Raghee's book, and I have no intention of ever reading it. Everything I do came from this thread.

Sonic R. System

1) With respect to that trade, your entry was late and so was your exit. In other words, you got in a too high a price and exited at too low a price. This of course, exacerbates the loss. I cannot log into FXCM right now (why they shut the data ...

Sonic R. System

You ain't kidding - it looks like their "non-dealing desk" dealing desk left early for the weekend. All data stopped at 20:59, whereas in the rest of the world I have data for another hour! What's up, Jason?

NFA - "No more Limit or Stop Loss orders"

Also, a reminder: we do not trade triangles, rectangles, polygons, or ellipses or any other high school geometry nightmare. In addition, we do not trade cups with handles or without, saucers, knives and forks, or any other kind of flatware or dining ...

Sonic R. System

Sure David, I do want to point out another quote of mine from our earlier exchange: The rules are as I stated them, and as a new Soniker, I would suggest that you trade only those SonicR set-ups that comply with the rules. In this case, according to ...

Sonic R. System

Yes, I will enter late but I try to wait for a retrace. For example, if I miss a short entry, I will wait for the first retrace on the M15 and try to enter at a 23-50% bounce level. Unless, of course, TP1 was already hit. If a TP1 is hit, the trade ...

Sonic R. System

I was over at amazon.com and I saw a Raghee Horner book I wasn't familar with call the million dollar set up. I like to take a look at the reviews, and I saw that there was only one. Here is what this poor guy had to say: I was looking forward to ...

Sonic R. System

Now there is a golden nugget ... but how many Sonikers and Sonikers-in-Training took note of it. This is how you get those "trades of the week" everyday. SonicR money management, and Muhammad is one of the best at it. "I hold in the trade and wait ...

Sonic R. System

I have no idea what a "hanging man" is. I trade S/R, highs and lows, higher highs and higher lows, lower lows and lower highs, and last, but not least, wave analysis. You might want to give it a try yourself.

Sonic R. System

Second half stopped at +45, so total for the trade is +80 and + 45 for +125, divide that by two to get the whole trade total of +62.50 pips. Not bad for guy who wouldn't know a hammer if it hit me on the head or a pin bar if poked me in the eye, not ...

Sonic R. System

Thanks, Domas. You have shared a good many pearls of wisdom yourself, and your new vouch count shows it. It is up to each individual Soniker to decide if he is going to trade SonicR or SonicMutation. I choose SonicR. Just like you. Just like Basber. ...

Sonic R. System

Sonikers, the beauty of the SonicR is that you should see it coming down the street like a freight train. You should not often be caught off guard and be unable to get your orders in. If I miss a trade, it is because I was away from the computer or ...

Sonic R. System