DislikedTAH
You may want to take a look at my post regarding Fibonacci terminology ... (#9661)
http://www.forexfactory.com/showpost...postcount=9661
I mean extension which is used on MT4 with "Fibonacci Retracement" tool ...so I will use here on the thread the term FR not to create any kind of confusion.
You are very right regarding zooming out to look at a bigger swing . A combination of both options it's even better .
Can I get your comment regarding "waiting for the ascending channel to break down" ?
What's your choise...Ignored
David, my comments are:
1. You may have drawn the lower TL in the wrong place.
2. In any case, waiting cost you over 30 pips. And waiting for such a TL break is not in the SonicR method criteria. If there is very close major S&R, yes, you might wait for that.