Im long eu
nice support
nice support
The System Behind the System, by Merlin Jeffries 16 replies
Sonic R.evolution 93 replies
Old School Sonic System + Other Things 11 replies
Knife system, Vegas 4h system related questions. 4 replies
Would you trade this system? New system #2. 10 replies
DislikedNU:
TP reached on this classic Sonic R. re-entry trade. EP = 0.8329, minus TP = 0.8194, minus spread = 5, equals 130 pips net profit.
Regards,
-tahIgnored
DislikedHey guys,
I'm trying to understand the system alittle better, and i'm searching for the 'money management' that corresponds to this system. The manual says have the trailing stop and stop loss at 80 pips, but thats it and nothing more. Can someone elaborate more on this?Ignored
DislikedHey guys,
I'm trying to understand the system alittle better, and i'm searching for the 'money management' that corresponds to this system. The manual says have the trailing stop and stop loss at 80 pips, but thats it and nothing more. Can someone elaborate more on this?Ignored
Disliked...The stop loss consideration of not being more than x% of your account is not the only consideration. Volatility is another. If PA is volatile, and your x% of account SL is too close, you might as well not even take the trade.Ignored
DislikedMost pro's would say that %risk is the only consideration, but they would agree with you that if a particular trade required that your risk a greater % of your capital on a trade than your plan dictates that you should indeed not take that trade. The markets will always be here, and there will shortly be another opportunity with a more favorable risk profile.
With all due respect TAH, until you get your own money management house in order, it would be best for you to leave this particular topic alone. You might be able to recognize a SonicR...Ignored
Disliked... If PA is volatile, and the 2% of account SL, or whatever % of account SL it might be, is too close, it is asinine to take the trade! So % risk is not the only consideration....Ignored
DislikedSo what you are saying is that the criterion is % risk, and that volatiltity may result in that risk necessary to take a trade to be higher than the allowed risk, therefore skip the trade. No kidding! That's what I said. Risk no more than 2% of the account on a trade. If the stop loss required due to the range, i.e. volatility, is, for example, 300 pips, and your account is $1000, and the smallest size your broker will let you trade is $0.10 then you cannot take that trade, because the risk is 3% of the account.
If, on the other hand, another...Ignored
DislikedI don't think it can be said any more simply than that, so I hope you understand me.Ignored
DislikedI understand you. The problem is that you don't understand you.
Good night, TAH.Ignored
Dislikedhere I have a challenge question for all Sonicers to think and share your ideas.
Q: as the chart show, if we cannot see the past, you have to trade it, what 's your trading plan? how will you trade it?Ignored