SonicR keeps Sonikers on the right side of the market: The short never triggered, and instead, a long would have been the order of the day. There was an advanced SonicR long (DD-style) which is a little different than the Advanced SonicR ...

Sonic R. System

Good Morning, Sonikers! I'm looking at a possible short on the EJ, with an EP below 132.75-77 TP's are a work in progress. The ones shown are good, but I may use just one of them so I can keep half open in case last week's run to the downside ...

Sonic R. System

No problem, TAH.

Sonic R. System

I don't know what more to say to you, TAH. It is exactly High2 - [1.62*(High1-Low1)] For a long trade, the formula would be L2 + [1.62*(High1-Low1)] Here is one more chart that I have taken from another broker. This broker has fixed whole pip ...

Sonic R. System

Sure it does. I am taking 162% of the move from A (the first high) to B (the first low) and measuring that down form C (the reaction high). Read Elliot Wave Principle by Frost and Prechter and you will see that these are very much real world ...

Sonic R. System

I meant expansion. Perhaps a fib extension is as TAH describes it. But that is not what I am using. I am using fib expansions and I am measuring from the "C" pivot of an ABC formation. Now, semantics aside, I find expansions as calcukated by the ...

Sonic R. System

You need to subtract it from the reaction high, not the initial swing low.

Sonic R. System

I am not sure what you are saying here, TAH. A 1.62 extension of the 135.19 to 134.42 swing, you must subtract the value of that extension from 135.05, not from 134.42. Using whole numbers you would have this 135.19-134.42 = 77 77 * 1.62 = 124 ...

Sonic R. System

I had a record week as well since becoming a Soniker: Net Profit for the week 10/26-10/30 = 765 Sonic Pips! Thanks for sharing your system with us, Sonic!

Sonic R. System

You need to use the fib extension tool, and not the retracement tool as many here on FF do. You are measuring the swing from the 134.42 pivot low anchor up to the 135.04 reaction high anchor, and you are then adding the extension to the 134.42 pivot ...

Sonic R. System

Price reached TP2, so my stop loss is now at TP1. My TP order is at 133.00

Sonic R. System

I do not know how to do that, TAH. I use the following anchors on this analysis: 135.19 high anchor, 134.42 pivot low anchor, and 135.04 reaction high anchor. This gave me the following extensions: TP1 = 1.618 = 133.75 TP2 = 2.000 = 133.46 TP3 = ...

Sonic R. System

He's going to Disneyland!

Sonic R. System

TP1 hit for a quick +70. I have four TPs to choose from, and I am going with TP3, which is at 132.00 for +141. Keep It Simple, Sonikers!

Sonic R. System

Watching the EJ for a short right here, though the EP is a bit far below the dragon for my liking.

Sonic R. System

I don't even notice them. No use, no harm, no foul. If you can turn them off and they bother you, by all means turn them off.

Sonic R. System

A break even trade - price traded to a specific fib level (not shown) that sometimes marks the end of a decline and the resumption of a rally (and vice versa). The advanced SonicR (and this will be my last post on this until Sonic gives the go ahead ...

Sonic R. System

I will not give exact details here until I have a chance to discuss this with SOnic over the weekend, but price has reached a level where I usually move my stop loss to break even on an advanced SonicR.

Sonic R. System

Oops! Sorry Sonic, I posted another example before I saw your post. I will refrain from posting further examples until after we hash it out.

Sonic R. System

Which is why wave analysis and not bar/candle analysis is what is necessary. Bars are random and arbitrary. The waves are not. The waves tell the truth to those willing to listen.

Sonic R. System