I wanted to enter on the Sonic channel break and bounce of the 89 EMA around the 1.6515 area, but then I read Basber's post about the EG and decided to stay out =).

Sonic R. System

I like GU wave formation better than EU... anyways, I'm out as I'm hesitating.

Sonic R. System

Actually it was good that it didn't make it. UJ looks to me like its ranging: Dragon is flat, the price is close to upper SHI boundary, I would personally like to wait for a bigger pullback, as price tested the 89 EMA now, so retracement is due. ...

Sonic R. System

TAH, what are your settings for PivotD and PivotMW indi's as my S&R lvls seem to differ from yours. From your own experience, which formula is better to use, daily or fibo? Regards, snu.

Sonic R. System

It seems like all major pairs are forming a Sonic-R set-up. But I'm hesitating since on all of them it would be going against the major trend and bying/selling into the 89 EMA. Any comments? BTW, Daily GU chart looks like it formes a H&S pattern. So ...

Sonic R. System

Ok, i see now. Thx! BTW, potential set-up forming on UJ, any thoughts? Hammer on 4H TF made me cautious.

Sonic R. System

DD, so basically you can set TPs with specified lot size (e.g. if your trade is for 2 lots you set TP1 for 1 lot)? I thought metatrader doesn't allow to do so. Could you may be post a pic?

Sonic R. System

SL hit. Did i do anything wrong?

Sonic R. System

GU trade — My GU trade, any comments? Is my TP correct? Thx, snu

Sonic R. System

I'm guessing Sonic is long biased on a higher TF, if red dotted line on the chart is SL then TP is probably somewhere near 1.666x area. Am I correct?

Sonic R. System

Forgot the pic. Regards, snu.

Sonic R. System

Agreed, but this wasn't a Sonic R rather a breakout strategy and EU made it up until weekly high @ 1.4377. Easy 30 pips. There was a nice entry on GU: We had a double bottom and there was an entry @ 1.6355 - right above the bar that poked Sonic ...

Sonic R. System

Point taken, DD. Thank you very much! I guess, after all, price itself is the best indicator. and its up to us to learn to see what the price is doing.

Sonic R. System

The blue area suggests the correct TP lvl as it can be seen from the chart this is where the price stalled the most.

Sonic R. System

I saw it, but didn't enter because of timing

Sonic R. System

Thx for support, Basber. I myself think that this is a natural process, I just have to be very patient and hard-working to get over it. Its not gonna be easy. But, NOTHING is easy when it comes to achieving goals in ANY field, not just trading.

Sonic R. System

Closed GU @ +25 as there is no momentum to it. I guess should've closed it the first time it reached R1 lvl @ +40.

Sonic R. System

Thank you very much, TAH!

Sonic R. System

GBPUSD — Guyz, i'm in the GBPUSD trade EP @ 1.6400 TP @ 1.6480 SL @ 1.6360 Plz give advice on TP lvl, is it ok or too far away?

Sonic R. System

Hello, Sonikers Its a rainy sunday afternoon here in Russia and there is not much to do rather than sit with a cup of coffee and study the great thread of Sonic R. TAH, could you please share with us the indi which shows higher TF bar next to the ...

Sonic R. System