That's not SonicR.

Sonic R. System

Your entries are not SonicR.

Sonic R. System

You can call it a "triangle breakout", "heads and sholders" , "descending triangle", "flag" and aaaaallll other names that those poor waves are being called. Or you can forget about those patterns and simply trade any price action according to waves ...

Sonic R. System

Because some of you PM me about the template, I will dump this here. Remember I've adapted it to me specifically - to my monitor size, my scalping, my broker type, my chart size and etc. If it looks messed up on your computer, try adjusting it to ...

Sonic R. System

.

Sonic R. System

Am..... Waves?

Sonic R. System

Both TPs hit in a matter of minutes. Results: Short trade SL -7 pips. Long trade TP1 + 13 pips, TP2 +20 pips.

Sonic R. System

Moved SL once more and it got hit. Right there I had my Buystop in place. Now I am long. EDIT:As TAH would point out - it's an early entry according to waves, because price is still in the dragon.

Sonic R. System

Moving SL lowert to LH.

Sonic R. System

Entered short @ EU. Will move SL lower as soon as LH forms.

Sonic R. System

Can you post a chart?

Sonic R. System

New Buystop EDIT: Buystop removed. Reason - LH & LL.

Sonic R. System

Ready with my Buystop EDIT: Removed it. Reason - LH.

Sonic R. System

TAH, good observation. I have had this issue when I moved to Oanda, which is governed by NFA. Even in European division, I cannot have both Long and Short positions open at the same time. What I did to go around it is to have my buystop/sellstop ...

Sonic R. System

. EDIT: Don't look at the dragon, my settings are different.

Sonic R. System

Also, you could have followed smaller waves to place your stop. They are hardly visible in M15, but still visible. Turn on M5 to see them.

Sonic R. System

as — .

Sonic R. System

Re-read what was I answering. There was a question about buystop/sellstop placement, not position.

Sonic R. System

I place it 1 pip higher/lower + spread. In other words, if the low/high is broken even by 1 pip, my stops get triggered.

Sonic R. System

Yeah, I aim at least 1:1 of SL:TP1. So in your terminology, I'll have at least 1R for TP1 and 2R for TP2. The keyword is AT LEAST.

Sonic R. System