Sonic R. System

Sonic R. System is a method of trading price movements between areas of support and resistance. It trades on the M15 chart. Technical indicators called the DRAGON and the TREND. The DRAGON is used for picking the trade entry. The TREND is used to confirm the correct trade direction. Historic S&R is used for picking the trade exit

TREND

This is a market bias indicator and it is best if PA is above it for longs and below it for shorts.

DRAGON

Must be angled up with PA above it for longs, and angled down with PA below it for shorts

TIMING

Prefer not to open trade during asian session. Recommend London session for best momentum

PAIRS

Prefer to trade the pair EUR/USD. Lowest spread. Usually a wide range. Most important is it is most traded pair, which means better volume and better momentum for the trade

Placement Of TP

Select a historic S&R level. Such levels can include whole/half/quarter numbers and the middle of consolidation areas

Placement of SL

1. The SL must be beyond the H/L (for shorts/longs) of the recent large scale price swing.

2. The SL must not be more than 100-120 pips 

Credit to sonicdeejay

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