DislikedHi Tah,
I don't want to labour the point too much but isn't Sonic R system based on PA and support and resistance levels for determining entering and exiting trades? You might well be correct in your analysis but based on support and resistance levels it looks to be entering early.Ignored
So, I remind all Sonikers that the elements of the Sonic R. System are:
1. London session
2. Proper wave showing bounce/break of SR
3. Proper Dragon angle
4. PA on proper side of Dragon at entry (even better if on proper side of Trend)
And the volume picture should be consistent with setup, support the setup.
The SonicR setup abides by all of this. Yes, there is another significant SR area about 15 pips below entry. So, this is where a trader has to make a judgement call; to enter, or to not enter. No system is adequate to whilly nilly trade without using some judgement! None! In this case, there is the possibility PA could, at any time, be sent down into the basement! So with that, I judged to enter short.
tah