The most important thing that being registered entails is that your money in your account is segregated from the money of the broker and other customer accounts. I had a RefcoFx account and when Refco went bankrupt, my account was confiscated by the ...

Sonic R. System

Absolutely agreed! And it took me stumbling upon a nice guy from Singapore to figure that out once and for all. Now, who was that guy ...?

Sonic R. System

Way to go Muhammad! Rastaman wants to do the same thing, he just doesn't realize it yet. He's still in the "indicator infatuation" phase. We all have gone through it (I spent years in that phase), and if he stays with us long enough, then ...

Sonic R. System

I presume "MM" means "market maker", i.e. retail forex broker. I had used FXCM for years, and most recently I traded one of their micro accounts, and I was very happy. Then, two weeks ago, FXCM took stop loss and mimit orders away from US based ...

Sonic R. System

Muhammad, You are a ... Super Soniker! Congratulations on an outstanding week! Well played, Muhammad, well played indeed!

Sonic R. System

Yes. It is called price. By the time an "indicator" beeped or painted an arrow that you had the H-HL-HH it would be too late - The SonicR entry point is a buy stop placed so that you are in the market when the HH is printed. Vice Versa for a SonicR ...

Sonic R. System

And I have to say that I feel bad about taking that +18 ... I have a feeling that I just cheated myself out of TP1 and TP2. Where was Rastaman to remind me to sit on my hands! I hope it does go to TP1 and TP2 for two reasons: 1) Because it ...

Sonic R. System

I'm out with +18 and I have to get some sleep or I won't wake up in time for the NY Open. Good Luck in London, and I'll see you on the other side of the night.

Sonic R. System

Moved stop to +18

Sonic R. System

I'm moving my stop to +10: if this were London or NY, I'd have more patience and confidence.

Sonic R. System

I have had some real nice runners during Asia, but once I get +20, I go to BE on the stop loss. Perhaps you are on to something. I think maybe use 20-25 pips as a TP1, or maybe use 3 TP's, and take 25% at TP1 (20-25 pips), 25% at TP2, and 50% at ...

Sonic R. System

And here is where the SonicR gets tough. I am looking at a potential +46 and +96, which gives the trade a value of +73. I have watched as the trade has gone from +30 to +10, and it is possibly heading to a nreakeven result. I would have rather had ...

Sonic R. System

Pretty neat, huh?!

Sonic R. System

Well, I am now +25 pips on the trade (EP 1.6496 as I split the difference between the trendline break and the SonicR break). My stop is now at BE, with TP 1 at +50 and TP2 at +96. Last night my GU short was stopped at BE, and there was nothing for ...

Sonic R. System

There goes that trendline break, and one could make a case for a SonicR short as well, though not the prettiest SonicR I have ever seen.

Sonic R. System

Hi TAH, Check that trendline you have there. I do agree with the bearish outlook if that line breaks, but I do not think it has been breached. A break of that trendline puts a retest of the pattern low at 1.645x in play. Good Luck!

Sonic R. System

Naked SonicR - this is the current look on GU. If you go by the SonicR Indi's, you would not be thinking of a long GU trade yet. But, you can see the L-H-...and now we need to see if price makes an HL - HH. The L came at M1 pivot and price is ...

Sonic R. System

I'm getting a late start today. But yes, TAH, you can see why move to BE when there is a quick thrust in my favor during Asia. Asia does has more of these breakouts that are quickly retraced than London or NY

Sonic R. System

Moving stop loss to BE and turning off for the night. I'll see the result in the morning. Good luck in London!

Sonic R. System

It looks good to me, TAH. I'm in ... sorry for the late post, I hadn't seen your chart, and this thing took off while I was drawing my trendlines to post it. I'll move stop to BE soon - when I get a quick 20 pip+ drop on a short, especially during ...

Sonic R. System