hello sonikers h r u all here i m back from bussy days .....here is my today setup .any comments
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Dislikedhello sonikers h r u all here i m back from bussy days .....here is my today setup .any commentsIgnored
DislikedHi Muhammad,
Welcome back!
I am in the same two trades as you - short EJ and short GU. I have taken a TP1 on EJ at 137.59 (50% level and lower trendline of H1 channel). I lowered my SL to 138.15 on EJ.
GU has also bounced at lower trendline of H1 channel, but my TP is below there.
Win or lose, I think these are both good set-ups.
Good Luck to you,
ddaytraderIgnored
DislikedI think you are doing very well to trade only the most clear, distinct, classic SonicR set-ups, especialy as you are learning the system. To tell you the truth, I myself would probably not have taken that long in that example. However, it does conform to Sonic's rules, and price did indeed confirm itself as going higher.
Think about it this way: When price takes out a previous high in a downtrend, what has it done? Well, it has changed the trend from down to either up or to sideways. Now, how do we know if the new trend is up or the new trend...Ignored
Dislikedhello sonikers h r u all here i m back from bussy days .....here is my today setup .any commentsIgnored
DislikedIt's My Fault DD, I Shouldn't Put That Example On Sonics Manual. It's Hard To Digest That Entry.Ignored
DislikedI think it is a good examplefor people to be aware of, Basber. Perhaps it just needs a bit more explanation.Ignored
DislikedMy first TP was only for +20. I am still 1/2 in EJ and I am all in on GU.
What happens happens ... so long as we trade our plan, the profits will ultimately take care of themselves (though I always feel better when price keeps moving in my favor rather than retracing all the way back to negative pips for like these two trades are doing).Ignored
DislikedYour GU Is Also Supported By Weekly PB. I Suggest You Keep The 1/4 Of Your Initial Trade Size And Let It Run a Little Bit More And Bring SL To BE.
I Didn't Trade It As SonicR, I Trade It As a PB And My Targets Are 1.6000 And 1.5000
Regards,
BasberIgnored
Dislikedok guyz i m out e/j +22 and close G/U manually got 60 + ..enough for the start of the week and nice wellcome after long time back
MuhammadIgnored
DislikedYour GU Is Also Supported By Weekly PB. I Suggest You Keep The 1/4 Of Your Initial Trade Size And Let It Run a Little Bit More And Bring SL To BE.
I Didn't Trade It As SonicR, I Trade It As a PB And My Targets Are 1.6000 And 1.5000
Regards,
BasberIgnored
DislikedI took 1/2 for +100 and I'm letting the other 1/2 ride with my stop at BE (1.6605)
I closed second 1/2 EJ for +5, making it a +12.5 trade (+20 on TP1 and +5 on TP2).
So, for the day, I am +12.5 EJ and I have locked in +50 on GU (+100 @ TP1 and BE for SL on 2nd 1/2 - so worst case in an average of +500.
See you guys later.
ddaytraderIgnored