EJ hit my +40SL so the trade was +52.50 profit. As you can see, in this case leaving the stop loss on the second position at BE per Sonic's MM would have allowed me t stay in the trade until TP2 for +90. This cost me 25 pips profit on the trade. In ...

Sonic R. System

Rastaman, you ought to change your signature to read: "I never met an indicator I didn't like"

Sonic R. System

EU Short - a breakeven effort EJ Short +65 and I am moving my stop to +40, so the worst case on the EJ short right now is +65 + 40 = +105/2 = +52.50 pips TP2 is at +90, so best case is +65 + 90 = 155/2 = +77.50 pips I'm going to bed, so I'll find ...

Sonic R. System

EJ hit TP1

Sonic R. System

Waves don't know what time it is ... when its time to swing, its time to swing Price went to +20, which during Asia is the time I move SL to EP for a BE worst case scenario.

Sonic R. System

SonicR short EU

Sonic R. System

Demo Trade based on the above S/R post: Short EU 1.4248, SL 1.4263 (-15) TP 1.4218 (+30) Why demo and not real? I had my demo open so I opened the trade there but I was not logged in to my real account. By the time I got logged in to take the trade ...

Sonic R. System

Hi TAH, Your next target would be the next if it breaks below the support line it fell to this morning. When I posted the first chart here: price had broken support at 1.425x, and I was asking "where to next?" The question was somewhat rhetorical ...

Sonic R. System

I mean that you shouldn't let a significantly larger TF downtrend to lead you to only play the M15 bear (or convince you that a bear trade is a sure thing), and vice versa. On the monthly charts, SP 500 is in downtrend. But you would have gotten ...

Sonic R. System

And now that lower support has been broken, where is the next likely target? I consider any situation where wave analysis supports a trade to be a SonicR. When I am unsure, I defer to the indi's. But there are many times where wave analysis will ...

Sonic R. System

Hi Rastaman, H4 and D1 means very little to M15. Even during a vicious D1 downtrend there will be excellent long SonicR trades on 15M. Look back to the start of this thread, and while EJ was collapsing down, there were still long trades offering ...

Sonic R. System

Good Morning Sonikers, Just a reminder that you shouldn't neglect your S/R analysis. I learned to use simple black and white candlestick charts from a mentor of mine. TAH also, I believe, has found that on the B&W charts, PA and S/R are more easily ...

Sonic R. System

I think that pretty well explained what my goal for the trade was. What I left unsaid (because it had nothing to do with trading SonicR) is that today I had to be out and I would not be able to check on this trade. I didn't want to come home to a ...

Sonic R. System

We have lift off ...

Sonic R. System

If this triggers long, I will be moving myu stop to BE as oon as this goes +30 (maybe sooner). My TP's a very aggressive, as there is considerable resistance between EP and TP1. My goal on this trade is that if it triggers, and if price does move in ...

Sonic R. System

EJ Long EP: 134.90 SL: 133.35 (-55) tp1: 134.45 (+55) tp2: 135.90 (+100) Long did not trigger yet. Waiting for the market to decide what it is going to do, and then I will just sit back for the ride.

Sonic R. System

That was a quick trip to TP1! EP: 1.4307 SL: 1.4283 (-25) tp1: 1.4336 (+29) tp2: 1.4359 (+52)

Sonic R. System

To paraphrase the quote in Sonic's previous signature: Do not try to be on the bull side or the bear side, but instead be on the right side of the market. SonicR will often show you both possibilities. It should not matter to you whether the market ...

Sonic R. System

With one or two exceptions, you have identified important swings (I see one, for example, where you place the end of a swing at a point higher than than the low of the swing). However, you might want to remove the lines and try to redraw your waves ...

Sonic R. System

Hi Ag, I think a case could be made for a potenital SonicR long entry with a buy stop above the High(s) above your L-HL. However, these two higs are within 2 pips of one another, and on the GJ I usually add the spread to the high to obtain my entry ...

Sonic R. System