Now it could go both ways. I think it would more 'SonicR setup worthy' if it had waves setup right:

Sonic R. System

Woooow... hold on. That's not SonicR setup?!

Sonic R. System

TAH, looks like a sound plan. Just one thing - placing TPs at RgH/RgL areas would not be trading price action, but indicators. My suggestion would be to remove them and place TPs at S&R.

Sonic R. System

E/U: TP2 hit. Have a good weekend all.

Sonic R. System

I think he means he's out for a weekend. Leaving the market do its job. Anyways, very good SL placement Nando.

Sonic R. System

You guys are hitting nail right on the head.

Sonic R. System

I like how you paint all possible scenarios ant post it. That way people can know what to expect.

Sonic R. System

Definitely agree with almost everything you said. It is always better to go along with the higher TF trend. Thus, only good RR trades are entered when going against it. As for the SonicR setup below Support, you mentioned that 1.4481 would be the ...

Sonic R. System

You also took the same trade, so good job. Grats.

Sonic R. System

Oh, ok. Dragon was 'flattish' at that time. But remember - waves lead, dragon follows.

Sonic R. System

TP1 reached. SL@BE.

Sonic R. System

Long or short candles are not the criteria to evaluate waves. Waves are not to be judged by candle length, width or color. Waves are waves and they should be all treated as equal. You should see waves, not candles; just like in the pic of E/U chart ...

Sonic R. System

May I ask why?

Sonic R. System

I would not treat it as downtrend as long as it stays above the market ORANGE LINE. Although, since you missed the initial setup, you can enter on retracement, which will allow you to have very small stop loss. I oftentimes do that when setup is ...

Sonic R. System

You can get the template from the 1st page or here. The rules are in the 1st page too, but many insights are made while following posts of other sonicers.

Sonic R. System

Because nothing has changed really. If all setup conditions are met, such as price below/above dragon, 89EMA, proper waves and etc., CCI will already be below/above 50 line. So it is needless. Volume and slope of the dragon are advised in the first ...

Sonic R. System

TAH, from this point...

Sonic R. System

No, no bias. Just to see where bigger trend is going.

Sonic R. System

E/U: TP hit. And here is how to trade SonicR. Since foxybunny said it was valuable, I thought to put all screenshots into one post in case someone learns something. An example of trade management according to waves. Result: Short: Position 1: +23 ...

Sonic R. System

Long was opened at the exactly same time when short was closed, because both, SL and buy-stop, were at the same level. The level where trend change is being indicated (when price breaks the last Lower High on M15).

Sonic R. System