AJ made slightly higher high, so orders are canceled and it is back to the drawing board.

Sonic R. System

Very choppy rally often means that the rally is simply a correction and that the downtrend is more likely to resume. Price is now at resistance (yesterday's consolidation zone, near upper H1 channel trend line, just below daily floor pivot. Also, ...

Sonic R. System

RASTAMAN! I agree with Basber ... you are progressing along the same road most of us have. You've no doubt heard it before (I have heard it so much it is cliche') that "If this was easy, everyone would be doing it." You are a hard worker. You have ...

Sonic R. System

Here is the chart with the TP's

Sonic R. System

Watching AJ for a short: EP @ 78.60 SL @ 79.10 (-50) TP1@ 78.06 (+54) TP2@ 77.50 (+110)

Sonic R. System

Hi Muhammad, I was not up when your trade triggered. I often take that type of trade, but I trade it as a 20-40 pip one TP only, as I do not consider to be a classic SonicR. You bought a break out to a new high from a little mini flag, but, as ...

Sonic R. System

RASTAMAN! A & C both look good to me. I don't see a SonicR at B, but not for the reason you state, i.e. to me there is simply no wave action supporting a SonicR entry at B.

Sonic R. System

RASTAMAN!RASTAMAN! Hi Rastaman, I wanted to make sure you didn't miss this post Your chart looks great! The only thing you might want to think about is using the pivot indicator that I got from Basber - it shows the mid-pivots (M1, M2, M3, M4) and ...

Sonic R. System

Also, I logged into the Trading Station demo to take that screen capture, but the live account chart is identical.

NFA - "No more Limit or Stop Loss orders"

To tell you the truth, I really do not care about the MT4 mark up, but I am pleased to hear that the TradeStation feed remains operable even when the MT4 is not working. Here is a screen capture from MT4 and one from TradeStation - you can clearly ...

NFA - "No more Limit or Stop Loss orders"

I took TP1 at 1.6505 for +100 and I am keeping second 1/2 with my SL at BE. I have TP2 at 1.6350 for 1/4 and TP 3 at 1.6000

Sonic R. System

I took 1/2 for +100 and I'm letting the other 1/2 ride with my stop at BE (1.6605) I closed second 1/2 EJ for +5, making it a +12.5 trade (+20 on TP1 and +5 on TP2). So, for the day, I am +12.5 EJ and I have locked in +50 on GU (+100 @ TP1 and BE ...

Sonic R. System

One last question - is the data feed used for MT4 Uk the same as is used for UK standard and micro using the Tradeing Station? I ask because both Friday and this morning the MT4 demo feed has been unavailable for 30-60 minutes at a time.

NFA - "No more Limit or Stop Loss orders"

Show-off! +88 pips on a Monday is a nice start to the week!

Sonic R. System

Hi Basber, I don't trade GU very often (I trade mostly EJ). I may hold a part with a BE SL,and let it ride for a bigger target. Thank you, ddaytrader

Sonic R. System

I think it is a good example for people to be aware of, Basber. Perhaps it just needs a bit more explanation.

Sonic R. System

My first TP was only for +20. I am still 1/2 in EJ and I am all in on GU. What happens happens ... so long as we trade our plan, the profits will ultimately take care of themselves (though I always feel better when price keeps moving in my favor ...

Sonic R. System

Hi Muhammad, Welcome back! I am in the same two trades as you - short EJ and short GU. I have taken a TP1 on EJ at 137.59 (50% level and lower trendline of H1 channel). I lowered my SL to 138.15 on EJ. GU has also bounced at lower trendline of H1 ...

Sonic R. System

Hi Stumpy, Good to have you join us! Yes, we have losses. The key is following the rules. This will do two things for you: 1) It will help you to win at least 1/2 or more of your trades, and 2) the money management (stop loss and take profits) will ...

Sonic R. System

I think you are doing very well to trade only the most clear, distinct, classic SonicR set-ups, especialy as you are learning the system. To tell you the truth, I myself would probably not have taken that long in that example. However, it does ...

Sonic R. System