EURUSD is now touching trendline. There is volume coming in near the low. This may be interesting to watch for a classic.

Sonic R. System

Do you mean New York open? Because london is already open

Sonic R. System

This indeed looks like a classic setup on NZDUSD. Daily weekly and monthly trends are up.. secret of sonic R

Sonic R. System

AUDUSD looks to me like bulls are indeed still buying at the lows. Daily chart is in an uptrend and I think shorting this pair would be against the secret of sonic R. Time will tell but for now I will look to long AU followed by the bearish dollar ...

Sonic R. System

Today is a very good example of how the MM's like to whip price around. If we can learn to trade in conditions like this, we will be ready for whatever lies in store in the future! Preservation of capital is important when learning.. I try to learn ...

Sonic R. System

Scalping is tough.. but it may be the fastest way to learn how to deal with emotions

Sonic R. System

Thank you.. I think it's pretty important to trade what we see. When I see volume that is going against my bias I try to reduce my risk as fast as possible. Whether I scale out or set my SL to BE it does not matter as long as I protect my capital. ...

Sonic R. System

RDH just taken out on GJ.. upside may be limited at 173.100 scratch that.. bears have rejected the RDH very strongly. Volume appearing at the high

Sonic R. System

Thanks! Btw guys GU looks like it might break resistance dating back to June 2009

Sonic R. System

I think EJ looks very bullish as well

Sonic R. System

Good thing I set my SL to BE after seeing some of your posts about the GBP bulls. Btw, what setting on the Trade levels indi changes the PL label? When I am looking at higher timeframes the PL label is right over where the price is currently. +1pips

Sonic R. System

Would the retest of TL and selloff convince you?

Sonic R. System

just as you posted this it broke lol I have a 1:4 RR on this trade.. Hoping it will make up from a couple bad trades yesterday.. we will see! I am starting to get used to the advantage of having a good risk management strategy.

Sonic R. System

Head & shoulder pattern spotted on the 1hr GJ chart. Price below dragon.

Sonic R. System

You couldn't have worded it better. I don't think I can thank everyone in this thread enough for the changes I have made thus far in my trading. I am excited as this is only the beginning

Sonic R. System

I fully agree! I am usually good with just taking what the market gives me.. this is one of those bad habits that seemed to creep back. It's good to learn at a young age though! It's tough to learn this market but I will take the punches and keep it ...

Sonic R. System

You guys were right! The Mm's whacked me out of the market. I did see a lot of trading going on where I marked but the MM's decided to whipe out the weak longs. I am truly done for the day. Lesson learned. It's better to preserve capital

Sonic R. System

I said I was done for the day but a classic long on GJ has presented itself with a good R:R As you can see price found a bit of resistance just above MR2 and price was forced back down. Lots of volume following a retest of the trendline. Indication ...

Sonic R. System

Yes I have found that the supdem indicator has worked nicely.. I mean it may be a good tool to learn where to draw your own zones because I know I sometimes have a hard time noticing the zones. I have been trading the retests of zones. Ie. short ...

Sonic R. System

AUDUSD: Trade hit TP for +23p and I am done for the day. Since testing a scalping strategy with Sonic R. System I have had an 85% win rate with profit trades double the size of loss trades. This is very important to notice Risk:Reward. Even if I ...

Sonic R. System