Well, that was quick - stopped at breakeven. And now it is dropping again. That is how it goes sometimes. I know Sonic does not trade Fridays. I, on the other hand, will enter a new trade up to 11:00 EDT (NYC time) on Friday. The closer my entry is ...

Sonic R. System

EJ Short EP @ 1.3467 SL @ 1.3507 (-40) TP1 @ 1.3437 (+30) TP2 @ 1.3420 (+47) While typing this, price bounced from lower channel, and as it is Friday, my stop loss is now at entry (breakeven).

Sonic R. System

For now, I will likely still trade the yen crosses at FXCM, but once the change over occurs, all of my USD rates trades (EU, GU, UCAD, UCHF) will be conducted using futures until such time as FXCM joins the rest of the NFA regulated world and allows ...

NFA - "No more Limit or Stop Loss orders"

Jason, Please explain to me why I can enter an order with either of my two futures brokers to go long or short a 6E (EURUSD) futures contract with an automatic stop loss and take profit limit order attached in an account that is also FIFO, but to do ...

NFA - "No more Limit or Stop Loss orders"

Hi hearstart, I am presuming that you are asking if it is a valid LONG entry. I do not see where you are asking about entry. If I had traded the EJ, the only thing close to a SonicR entry would have been in the vicinity of 134.5x-60, in my opinion. ...

Sonic R. System

If I am correct, then your 1000 pip profit closes first. If you want to trade both long term and short term, you will need two different accounts.

NFA - "No more Limit or Stop Loss orders"

Hi Rastaman, What I meant was simply that we need to study how to identify clear swings that give us the H-HL-HH and L-LH-LL. S, first and foremost, concentrate your study on the very simple H-L-HH and L-H-LL sequences. As far as Elliot Wave, I do ...

Sonic R. System

No, because that is FXCM policy, not NFA policy. NFA regulation simply says that offestting transactiona must liquidate open positions in FIFO order. The problem here is not the NFA. The problem here is FXCM. And I will say it again, I am very happy ...

NFA - "No more Limit or Stop Loss orders"

All Sonikers, new and not so new, ought to keep that post on a post-it note taped to their trading screen until they get it drilled into their trading brain. That is where the money is.

Sonic R. System

Don't worry, Rastaman. Sonic uses both 34 and 63 for CCI. I use 63 only. If 34 is working for you, there is no reason to panic or to change it. Remember, SonicR in the end works because of wave analysis and support/resistance. The indicators only ...

Sonic R. System

... and the same to you. Don't forget, most forex dealers offer free demo accounts. This would be a good way for you both to learn how to recognize and trade Sonic's system, and also try out a few forex brokers platforms to see which might be a good ...

Sonic R. System

Hi there, Before I say anything more, I'd like to remind everyone that two different people can trade the exact same markets using the exact same system and one person might be wildly profitable while the other loses miserably. One will follow the ...

Sonic R. System

Why are your posts always in bold? I think most Sonikers use Sonic CCI set to 63.

Sonic R. System

I think that your EP, SL, and TP1 are fine, though the SL seems a bit high. We use different brokers with different price feeds so it is very common for different Sonikers to have these price points differ by +/- 5 pips or so. I see why you chose ...

Sonic R. System

These levels found on the H4 & daily are very, very meaningful, regardless of timeframe. And if you get a SonicR on the 15M where the entry point will break one of these H4 levels, then you will probably get a big winner. Likewise, if your EP is ...

Sonic R. System

Here is the H4 EJ - Look at what I posted last night when EJ was at 134.00. I post this not to make myself look smart. I post this because any of us Sonikers can see these S/R levels, and you should update your H4 charts as new swing highs and lows ...

Sonic R. System

You are right - I usually do not want to go long or short very close to a potential S/R level. I prefer that the next S/R be at least as far from my entry point as my stop loss is. In this case, the swings (waves) seem very clear to me, and ...

Sonic R. System

Good Morning, Sonikers! I am eyeballing a SonicShort on the GU, e'll see what happens - only time and the waves will tell! I'm short now. EP @ 1.6473 SL @ 1.6520 (-47) TP1@ 1.6423 (+50) TP2@ 1.6383 (+90) Good luck today!

Sonic R. System

A better opportunity indeed! The long trade I stood aside on hit both targets for +40 and +60. This pair could see 134.8x over the coming hours, and a break above there opens it up for a run toward 136.xx-137.00 Some day for me: Two good opportunies ...

Sonic R. System

This is looking less and less like a short, and quite possibly a long. I am not liking PA here on this pair, and I am now standing aside, and will wait for a better opportunity. Good Luck, Sonikers!

Sonic R. System