Hi L, I typically use S/R targets like prior highs and prior lows. If a floor pivot or a fib level happens to coincide, so much the better. I prefer to use levels that all trades can see. Not all traders use floor pivots and fibs, etc., but all ...

Sonic R. System

Congrats! I'm very happy for you!

Sonic R. System

TP #2 achieved +75 Today's SonicR's: EJ long (Asia Session) + 40 (whole position) GU Long (NY Session) +40, +75 1) Wave Analysis 2) Support and Resistance 3) If still unsure of yourself, check SonicCCi, Sonic Dragon Thank you, Sonic, for sharing ...

Sonic R. System

Congrats! But why was it a very hard day for you? Was it because of the heat the long EU took before hitting your TP's, or did you find analysis difficult today?

Sonic R. System

TP 1 achieved: +40 Stop at BE, letting 50% ride for second TP 1.6215

Sonic R. System

You're doing well, lmarti. Congrats!

Sonic R. System

Classic SonicR: When your wave analysis is correct, price will quickly let you know. Entry Point: 1.6145 TP 1: 1.6185 +40 (that is pushing it, and I may wish I had used a lower TP as Sonic suggested in his earlier post) TP 2: 1.6215 +75 Price is in ...

Sonic R. System

Now the GU has some swinging waves that I like. Still not the greatest R/R, but the probability that a new high here continues to at least the 1st TP is much higher than earlier.

Sonic R. System

Hi Folks, As you can see, my paper trade on the GU was stopped into a long position and then imediately reversed. Price came within a whisjer of my stop loss, but the trade is still "alive," though this one is, as I said, in my demo account. It does ...

Sonic R. System

Good Luck!

Sonic R. System

Good Morning, Sonikers! I'm with Basber ... I do not see too much yet in the way of solid Sonic plays. Here is a current snapshot of the GU. Looks like about 50 points to first TP and about 50 points to SL, so it just squeaks in for what I consider ...

Sonic R. System

I'm holding with a stop at 56 to lock in +40 Edit: Stopped out at 129.56 +40 I still think this goes to hit both TP's, but I do keep my Asia Session trades on a tight leash. Good night, I'll see you when the rest of New York rolls out of bed ...

Sonic R. System

Here is my 15M trend chart (first) and 60 M trend chart. Trend is up on 15M. Trend is down on 60M, but we have a potenital higher low. The bluw line on the 6-M must be broken and held to turn H1 trend up. I posted similar chart on Friday. Also, look ...

Sonic R. System

Hi there, I do not use most of the indicators, at least not all the time, so I am not the one who can help you with the above questions. I just use those as Sonic has them set up in his template, when I use them at all. Support and resistance and ...

Sonic R. System

My buy stop is 129.16, first TP is 129.90, second TP 130.36. Your targets are fine, but I like to take 4-5 pips off so that if price gets close and reverses, I still get filled. Good Luck to you this week, ddaytrader

Sonic R. System

Good Evening Sonikers, I know that Sonic advises against trading the Asian session. But I have done well trading the xxxJPY crosses. Here is the 15 minute EJ with my wave analysis, entry, stop loss, etc. Good Luck to all this week, ddaytrader

Sonic R. System

I was just reading the new FIFO and Price adjustments rules again at the NFA web site: url According to the below quoted part of the rule, one might be tempted to assume that FXCM is overreacting and is throwing the stop loss and limit order baby ...

NFA - "No more Limit or Stop Loss orders"

Thank you, Sonic, for you own generosity. I am here to help others learn your approach the best that I can. Sincerely, ddaytrader, Sonic Sharer

Sonic R. System

If they choose to be competitive, then I would say you are right. If all US Fx dealers decide to eliminate the SL and TP, then we will have to adjust or move offshore. I really hope FXCM does the right thing and allows SL and TP, at least for the ...

NFA - "No more Limit or Stop Loss orders"

P.S. Read Sonic's posts throughout this thread. I am sure he too uses naked charts on the higher timeframes. Also, pay attention to how he emphasizes wave analysis and support and resistance. That is the back bone of his system. That is why over ...

Sonic R. System