I think there's too much expectation on the method. Every Sonic setup (like for other methods) should be evaluated against multiple conditions (session, timeframe, news, market trend etc.) before taking a position.
Support/resistance, round numbers are key elements when entering/exiting a trade. MM is another important aspect.
This business is difficult because there are multiple factors involved and we need to evaluate all of them and take a decision (DIFFICULT!). The problem arises because there's nothing for sure. That's where every method fails. Experience, patience are important but people under-estimate them.
A lot of "young" traders have too much big expectations when entering the market and they got burn easily. It takes effort and stamina and it's difficult to start again and again especially after a looser the day before.
I speak for myself...I would say the method is 30% of my trading, 20% MM, 40% market analysis, 10% faith.
Have a good trading day !
Support/resistance, round numbers are key elements when entering/exiting a trade. MM is another important aspect.
This business is difficult because there are multiple factors involved and we need to evaluate all of them and take a decision (DIFFICULT!). The problem arises because there's nothing for sure. That's where every method fails. Experience, patience are important but people under-estimate them.
A lot of "young" traders have too much big expectations when entering the market and they got burn easily. It takes effort and stamina and it's difficult to start again and again especially after a looser the day before.
I speak for myself...I would say the method is 30% of my trading, 20% MM, 40% market analysis, 10% faith.
Have a good trading day !