Short EU — With 65 pip target. image

Sonic R. System

I'm considering doing the same thing. Would you say it's worth the effort, or is it too soon to tell?

Sonic R. System

Wow Kumo, what an adventure! So you're going for 150 pips? When you get up tonight at 1 a.m., I hope it's in your favor and you can move your stop down a bit to lock in some more profits, and maybe find another trade to get into. I haven't set an ...

Sonic R. System

Closed short EU trade — I entered after approved trading hours and the market just fell asleep, as it usually does that time of day, so I got out with a couple of pips. I didn't want to let it drag on into the evening, where it seems to have ...

Sonic R. System

If by "trigger bar," you mean the previous bar that closes that we enter under/over, then I just do one pip plus spread. Stop loss is one pip plus spread above recent swing high/low. I think Sonic says "a few pips," so better to listen to him than ...

Sonic R. System

Yes, EST is for New York. I have a problem being in front of my computer when setups occur, so when I saw this, I thought I'd give it a shot. We'll see if it was a mistake, and hopefully learn from it. Congrats on your first three successful Sonic ...

Sonic R. System

Short EU — I'm targeting 100 pips, but will move my stop down accordingly to protect profits. Not approved trading hours, don't tell anybody. image

Sonic R. System

You know Odges, your right! Sometimes I take non-Sonic trades, and I do not post them. This shouldn't have been posted. Sorry about that. Glad you pointed it out.

Sonic R. System

Short EG trade — Out at BE. Was going nowhere.

Sonic R. System

Short EG — image

Sonic R. System

Welcome to the thread, FoxyBunny! This is a great method. If we are patient and wait for the setups, there are a lot of pips to be made. It's really all about price action here, the dragon tunnel is more of a reference point to base price action ...

Sonic R. System

Nice job Pumlitch. I'm glad you caught that one by chance. It seems timing is everything with Sonic, the setups just don't happen that often.

Sonic R. System

Closed short EU trade — Another consolidation is occuring and I worried it might have run out of steam. I added a second position at 3121, so my first position made 55 pips and my second made 30 pips, so quite profitable. I hope ...

Sonic R. System

SHORT EU I'm with you Pipoca. Nice wave, classic Sonic trade. I don't know what my target is yet, I'll wait to see what kind of momentum there is. Good luck! image

Sonic R. System

I live in eastern US, so I can comfortably handle from 7-11 a.m. (the US/London overlap), but I feel there's just not enough Sonic setups during that time, so have been considering trading in two shifts and sleeping in between. I'll do whatever it ...

Sonic R. System

Kumo, I'm glad to hear you had a profitable week. I did too. All we can do is keep chuggin' away, earn while we learn. I've been getting up at night if I happen to wake up by chance, and caught a couple trades that way this week, by sheer luck. ...

Sonic R. System

Pretty close, except about halfway down between your no. 1 and no. 2 points there is a mini 2 and 3 which would have given a false signal. But if the same area was seen on a 5 minute chart, that probably wouldn't have been visible, and you'd be ...

Sonic R. System

image Your examples are not 123s. Here's another chart with a 123 high and a 123 low as an example. In this example it's used to pick tops and bottoms. I like to use these when price is retracing on a higher timeframe, and helps me get in early ...

Sonic R. System

Took a questionable short on EU. The wave into the dragon was nothing to brag about, price just had a large drop so was probably spent, and it went into consolidation. So it wasn't exactly screaming "trade me." But after all, a fellas gotta trade. ...

Sonic R. System

Wow TAH, that's too much information, can't I just watch the dragon tunnel and be done with it? Just kidding. Your explanation is very interesting and could very well be the case. What a mind game. But always best to stick to approved trading hours. ...

Sonic R. System