Good Morning, Sonikers! Also be aware that US emplyment data is due out in one hour (08:30 AM EDT). Good Luck

Sonic R. System

I have found that the best way to use those artificial pivots (by artificial I mean they are based on formulas using PA inputs, but not PA itself) is this: 1) I use them only for TP's. I do not generally use them to decide to take a trade or not. ...

Sonic R. System

I am not saying that UJ is not going to rally. It may, and for all I know UJ could be 500 points higher by NYO. But ... (you knew that was coming) ... I see two things here that would give me pause before going long UJ right here. 1) mid-pivot at ...

Sonic R. System

Can you post your chart? I do not believe I am seeing the same thing as you are.

Sonic R. System

I use Metatrader for charting, but my broker is not MT4. Most US based brokers (except for FXCM who has really screwed up lately) lets you manually set a TP as well as a contingent Stop Loss and Take Profit order. The TP1 is set manually, after the ...

Sonic R. System

Here is how I do it: I open one order for 2 lots, so, for example, I have an order to buy 2 lots GU at 1.6525, with stop loss to sell 2 lots at 1.6480 and a sell limit to sell 2 lots at 1.6617. Once the trade triggers, I set my TP1 manually, to sell ...

Sonic R. System

Stopped out on second lot at 1.6555 for +30 pips Trade Totals for this week (8/08-8/09): 2 Trades: Trade 1: +60 pips on Lot 1 Trade 1: +26 pips on Lot 2 Trade 2: +45 pips on Lot 1 Trade 2: +30 pips on Lot 2 Total: +161 pips, 80.5 pips/trade, which ...

Sonic R. System

When I use re-entry rule I like to use a limit order placed within the Dragon. That means sometimes I miss my chance. Your entry point does look late to me as it is far below the dragon. It might still make a profit, but the risk (EP-SL=Risk) is ...

Sonic R. System

Sharing is caring, friend, sharing is caring

Sonic R. System

Of course I'm joking ... I'm just making the point that we should not be expected to post more losing trades. It seems to me, Leo, that you believe that Sonic and others are hiding our losers and only posting our winners. But most of these trades ...

Sonic R. System

TP1 just got hit for +45 pips ... sorry Leo, maybe the next one will be a loser. But in all seriousness ... this chart was posted before the trade triggered, with EP, and SL, and TP1 posted ahead of time. And this is precisely what Sonikers have ...

Sonic R. System

Excellent post, Basber

Sonic R. System

The only thing that really matters to me is the M15, p2pfast. I use the higher time frames for S/R only. For me, and others no doubt disagree, all trade decisions are based on the M15 only. If M15 says long, I go long, regardless of the H1, and vice ...

Sonic R. System

Sorry, Leo, but you'll have to wait for that losing trade, as I am now moving my stop loss to breakeven after having sat through that reaction back to the SonicR breakout point. So worst case scenario is a "nothing won, nothing lost" result. Maybe ...

Sonic R. System

Long GU based on the above set-up. I would have liked for a bar close above the Sonic dragon prior to triggering, but you don't always get everything you want. Let's see if we can get Leo his losing trade!

Sonic R. System

Hi Leo, I am not sure what it is you are expecting us to say. Waves, price action, support & resistance are the basis of this strategy. Wouldn't you be more concerned and doubtful if everytime you asked a question we responded with different ...

Sonic R. System

I see nothing wrong, snusnu. As TAH said, the timing was a bit questionable. I will trade Asia, but I want to be in a trade within an hour or so of the Tokyo open. After that one hour window, I get more and more cautious. Once we are within an hour ...

Sonic R. System

Hi Leo, First, I would suggest that you post charts that show us what you mean by "less than desirable" set ups. Looking at your charts, had you taken those trades you would have made TP1 at a minimum on each. If you are referring to someone else's ...

Sonic R. System

Very good ... and you can even focus your attention more narowly by identifying H4 swing pivots. That is, look for those prices at which price stopped and turned. Look at my chart. All of those lines have been there for days, some for weeks, and a ...

Sonic R. System