Hi TAH, I think that the above sentence is the heart of the matter. Personally, I trade with a naked 15M TF chart. I do keep and eye on a SonicR chart from time to time. Even that template is "bare bones." I use the 34 EMA dragon, Basber's Floor ...

Sonic R. System

Excellent post, Little Trader! I think an aggressive Soniker could enter early, but I prefer to do it your way - a bit safer approach. All part of Basber's "Be more picky" approach that I have been using and I find very smart to use.

Sonic R. System

Here you go ...

Sonic R. System

I tried several demos. In the end, it came down to either GFT or Oanda. I liked GFT's charts better, but I really liked Oanda's flexible position sizing. The 50:1 max leverage is fine with me. I went live last night with Oanda, and for the most part ...

NFA - "No more Limit or Stop Loss orders"

Muhammad ... what did you do while you were away? Go to Sonic College? You are on fire lately ... and it looks like you are now a bona fide Super Soniker! Here's your official Sonic T-shirt:

Sonic R. System

You didn't let anyone down. And like I said, you do not know for sure if you'd be out at your TP or out at your SL or if you'd still be in the trade somewhere in between. You never know. You need to be able to accept the fact that you are placing ...

Sonic R. System

If you have your orders in, you do not need to watch it. Do you know why I am changing brokers? I am changing because FXCM took away stop losses and take profit orders. That means I would have to sit and watch. But I never sit and watch. I do not ...

Sonic R. System

Hi Muhammad, I'm in the same one - though mine is a demo trade (I'm changing brokers and missing out on a great week because of it). I hope you hit TP2, because your TP2 is my TP1! This is another example that shows that SonicR in not subjective. ...

Sonic R. System

Here we go ...

Sonic R. System

Hi Sonikers! I am looking at a possible SonicR short on EJ, though I would like to see this current bounce go a bit higher before reversing down and possibly triggering the short. Right now I am looking at: EP @ 133.79 SL @ 134.40, TP @ 132.70 ...

Sonic R. System

Hi TAH, Thank you for sharing that information. I am going to keep an eye on the SMA dragon in addition to the EMA dragon. I do not know that I would replace the EMA with the SMA, but I do think you are on to something that may be helpful in cases ...

Sonic R. System

Of course you should be aware of the pivot. Last night price hit the pivot and thereafter it had a minor reaction. The pivot was a clue that the reaction was probably just a pullback and not a reversal, because price action was clearly short-term ...

Sonic R. System

RASTAMAN! RASTAMAN! You "figure"? How do you "figure"? Rastaman, you are thinking again. You are not smarter than the market. It is better to take your profit or take your loss rather than bail out early on the trade. You are guaranteeing ...

Sonic R. System

It looks like I will be going with either Oanda or GFT(US). I am leaning toward Oanda. I demo traded tonight - you are right that there were some great set-ups tonight. I trade Asia the same as any other session but I will often move my stop loss to ...

Sonic R. System

First TP hit, SL at BE, TP2 is set and I am going to bed. Good Luck, Sonikers!

Sonic R. System

Trade price action, not floor pivots! Use floor pivots as targets when combined with real S/R. A floor pivot canot stop the wave.

Sonic R. System

Bearish engulfing? Are you long or short? Here is how I see the SonicR on GU - Long at 1.6350, SL 1.632x, TP1 1.6409, TP2 1.6465 Your entry seems very, very late if you are long. But, if you are looking at +30 for TP1, then you are right in line ...

Sonic R. System

Did you just enter now? I thought you were in from 1.6350 or there abouts!

Sonic R. System

GU is going to 1.6409

Sonic R. System

GU SonicR EP @ 1.6350, TP1 1.6409 (+59) and TP2 1.6465 (+115) Go for it Rastaman! TP1 59 Pips! EDIT: Of course, it is up to you ... but SonicR's routinely give better than 30 if your entry was good.

Sonic R. System