I was in the same trade, Sonic. I am out with +40 and +70 as the trade happened during sleep hours here and both my TP's were hit before I woke. Looking over the thread the last few weeks it sure looks like there is a need to get back to basics and ...

Sonic R. System

I trade what I see, not what I think. What I saw was price testing and holding support, so I moved my stop on my short to break even. Net result, -0 pips as price did reverse at support. Not too long afterwards, price settled into a classic SonicR ...

Sonic R. System

I moved my stop loss to entry when price stalled and looked to be trying to put in a potential double bottom, and I was just stopped at entry on this rally.

Sonic R. System

Short GU Classic SonicR - EP 1.6300, SP 1.6345 (-45 pips) Targets 1.6185 (+115) & 1.6115 (+185).

Sonic R. System

The best part of waking up ... 50 pips in your cup!

Sonic R. System

Well, I'm a bit put off by the NFA's activities as well. So, unless the UK authorities start to likewise over regulate forex customers, I'll see how it goes in the UK. Forgive my ignorance, but is the reason CFD's are not aailable to US citizens a ...

NFA - "No more Limit or Stop Loss orders"

FXCM treated it as opening a new account (which, in effect, it is). They emailed a link to download the UK version of the TS. I do not remeber having to uninstall the existing version. I think I was able to simply download and install the UK version ...

NFA - "No more Limit or Stop Loss orders"

I've been there for about a week, and so far no problems. The one drawback I can see is that it seems as though there is no withdrawal other than by bank wire.

NFA - "No more Limit or Stop Loss orders"

Well, the margin doesn't bother me too much (though I do wish the NFA would go back to whatever it was the used to not do), but the lack of contingent stops/limits sure bothered me. I tried Oanda, and two weeks in the platform had a bizarre spike on ...

NFA - "No more Limit or Stop Loss orders"

TP1 hit +65 TP2 hit +110

Sonic R. System

Remember, in forex, there is a buyer for every seller, and a seller for every buyer. Every $ opened long has an equal $ short position opened against it. So, rather than make judgements as to who is the fool and who is the wise one, we should eb ...

Sonic R. System

I am not trying to start an argument or a war (though it seems as though that is excactly what happens to me here anymore). I was just proposing that price action is not manipulated, but rather adheres to simple principles of supply and demand and ...

Sonic R. System

To me, it simply says that there is much more interest by market particpants at $1.5000 than at a price that is not $1.5000, which to me makes complete sense. S/R levels act as S/R for because of the manner in which buyers and sellers act at those ...

Sonic R. System

Price goes where it goes, and whether it is manipulated or not is questionable. I think that a trader may do himself more harm than good by holding and fostering a belief in such manipulation. Is it not generally thought that technical analysis, to ...

Sonic R. System

Hi Sonic, The last two weeks have been very quiet for me as well, just a few SonicR trades. I have seen so many here in the thread chasing "heads and shoulders" and "knees and toes" and all manner of "chart patterns" over the last 10-15 trading ...

Sonic R. System

The only way for you to back test SonicR properly is to understand it properly. The only way to understand it properly is to study it and trade it in real time, preferably trading small size with live funds, but even demo is ok. By the time you have ...

Sonic R. System

Good Morning, Sonikers! LA simple, classic Sonic Short on the AU. Here is my AU short that just triggered at .9183. Stop loss is .9205, and profit targets are +40 and +60, though I this counter trend and I will move stop to BE at the mid-pivot 91.55 ...

Sonic R. System

Wishing you the best as you prepare and then sit for your examinations, Basber. If your approach to your studies is anything like your approach to trading, you will pass with honors. Your Friend, DD

Sonic R. System

We should start calling you "Basber the Wise." I keep my own copy of a Basber-note on my screen: "Be more picky." The more picky I am, the better I do. I still take my losses, but my winners tend to be larger and my TP's more precise. Great post, ...

Sonic R. System

With all due respect, and likewise meaning no offense, I am with Basber on this one. Please do not lift your stop loss when in a trade. If you lose 20. 40, 60 pips, you can get that back on the next trade. But if you lift your stop and price moves ...

Sonic R. System