First try to see price swings. Then try to identify high and low swing. Then HH,HL,LL,LH swing points. Connect these points and you get waves. It is uneccessarry for price to reach support or resistance , for you to start counting waves. There are ...

Sonic R. System

Also, after you see a potential setup in M15, take a look at where the price is S&R wise. Is it at support, or is it at resistance? GBP/JPY daily:

Sonic R. System

1. Answer to your first statement. Ddaytrader looks for S&R on higher timeframes and does not trade candle patterns, just price action. 2. Answer to your second question. SonicR is a trend following system. Sonic meant that you do not have to force ...

Sonic R. System

I won't say anything different from ddaytrader, but your 1st marked trade would have been re-entry. I actually took long when your 1st marked trade went north, and my TP was at the nearest resistance. As soon as TP1 was hit I moved SL to BE, and the ...

Sonic R. System

Learn from my mistake here: Huge resistance up ahead, I looked for setup, saw the setup, entered and took both TPs. What I should have done is - take TP1, move Stop Loss to Break Even and let it ride. Missed ~450 pip move.

Sonic R. System

Well, actually there is a holy grail and it's... within you! Holy grail is to understand that you have to let go off that thinking "maybe there is some Stochastics hidden number that would filter out loosing trades and give me 100% success rate." I ...

Sonic R. System

There are no stupid questions, just stupid answers. I agree with ddaytrader, do not be afraid. Maybe 30 other spectators share the same question as you, and by adressing it, 30 more people would get value from the answer.

Sonic R. System

Since, I get PMs with questions about SonicR or requests to review their charts I want to say this: 1. We all are here to learn. Do not go 'private' with Sonikers, post your questions in the thread. If people do not respond to your post immediately, ...

Sonic R. System

I wrote "100% forex system" in Google and found this "Super Forex System." Pay him money and he will give you the holy grail. However, there is no customer service. (I wonder why )

Sonic R. System

Made a picture with waves, H, L, HH, LL, HL, LH, does this help?

Sonic R. System

I have almost finished reading this book myself, and as far as I can tell the book is focused on trendlines, S&R, Dragon, waves and fibonacci. But! Everything you need to know has already been said and posted in this thread, and if this book adds ...

Sonic R. System

Ddaytrader you have been exploding with wisdom all week. I just wish people read your and sonicdeejay's posts more carefully, since the purpose of this thread is to help people make money after all. Have a good weekend Sonikers! P.S. superb ...

Sonic R. System

Wrong! Trading SonicR we look for wave formations and Price Action in M15. Do not add noise to your trading. Have a look at Muhammad's G/U trade and study it!

Sonic R. System

TAH, I guess you are already in +130 profit since your yesterday's E/J trade. Nice I took note that it is worth trading JPY pairs during Asia session.

Sonic R. System

TP1 hit and stopped out @ Break Even. Oh come on... Just break through God damn it!

Sonic R. System

GU: Is it going to go through the resistance this time? If so, I will remove TP2 and try to let it to become "trade of the week"

Sonic R. System

May I ask where would your SL be?

Sonic R. System

Nothing fulfills more than sharing and helping others. I have made a few more pictures to help people who are new to SonicR how to identify waves and how SL and Entry are set. The last picture is done by sonicdeejay himself. Hope this helps ya'll

Sonic R. System

Patience! I have tracked this trade myself and noticed that if the SL was set at the BE after TP1 hit - would be trade of the week. if if if if if if if if if if if...

Sonic R. System

Yep, and the beauty of SonicR is that it's not the system/method that gives you a certain percentage of success rate. It's the trader himself! So you are controlling your success, not the system. Just like you said in previous posts - while one ...

Sonic R. System