Sonic Forex Trading System

Sonic Forex trading system is a support and resistance trading system. This trading system applies on the 15 minutes time frame chart. Using price movement at support and resistance levels to confirm a trading positions. We using Dragon and Trend indicator technical for determine trading position levels and define trend direction of the market trend. Support and resistance are used for determine exit levels.

How to trade Sonic Forex trading system

Open a trading position when wave leg 3 candlestick break Dragon forex indicator, place your trading position beyond the line. Your trading is more better if market price action is trade above Trend indicator for open trading position and price action is trade below Trend indicator for short trading position. Keep away from strong support and resistance level when you want to open a trading position.

Re open trading position

Better to let price action move at the most recent high or low level and if you do not see strong support and resistance level beyond this line you can open a trading position again.

How to set profit target in Sonic trading

Choose a support or resistance area, including whole/half/quarter prices and the mid of consolidation levels.

Setting stop loss level

Stop loss levels should be beyond the high for short trading position and beyond the low for long trading position.
And you can use risk and reward ratio at least 1 : 2