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Regards
Lmarti21
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DislikedGood Morning, Sonikers!
I'm looking at a rather boring, plain vanilla, ho hum, hum drum Sonic long on the EU.
EP is 1.4894 and I'll be trading for TP1 1.4934 and TP2 1.4969.
Have Fun and Keep it simple, sonikers!Ignored
DislikedI don't use any EMA's and I am more of a S/R, Highs & Lows, Wave Analysis kind of guy. As long as entry is above Sonic Dragon, it is a classic.
Has not triggered yet, by the way. EP is 1.4894Ignored
DislikedYou are correct ... Congratulations. Now, do not let yourself slip backwards, as it is very easy after a couple of losses to start doubting yourself and then you start the search for the holy grail all over again.
Good Luck to you!Ignored
DislikedMoving stop to BE as price has had its chance to test it and now made a new high. No reason to lose anything on this trade. Stop is BE and I'll let the market decide the rest.Ignored
Dislikedddaytrader, If there is a defined lower TL (black), what do you think about placing initial SL just below it (Magenta) instead of further from Ep just beyond last significant extension (red), in an attempt to minimize loss if PA turns?Ignored
Dislikeddday & TAH
On the entry point , price was bellow ema 89
and of course dragon was bellow the 89
Is this a modification of the original rules ?
I guess it's not the "perfect" set up , but good enough to take a shot (?).
I understand that wave formation is the 1st priority
and having the dragon above the ema 89 for Longs
it's a "nice to have" but NOT a must .
dday , I see you don't use the 89 ...
Tks
DavidIgnored
DislikedI guess it's not the "perfect" set up , but good enough to take a shot.Ignored
DislikedBut concentrating on it can muck things up. And without a doubt, ddaytrader continues to demonstrate the complete lack of need for the 89ema. It is an artifact of the original SonicR template, which I guess will remain until/unless Sonic decides it's function is too diminished relative to the Wave and Dragon to keep it and risk confusion.Ignored
DislikedSome questions ...
I don't see many people trading EU , any particular reason ? Not sexy enough ?
Looking at the EU :
1.Initial SL should be far from the hit @ SL1 or can be SL2 .
2. Do you see any other TP rather than mR1 & DR1 ?
3.As the trade advances, do you trail SL to SL3 , SL4 ?
4. I see TP1 achieved and then exit @ SL4 . I don't see myself holding the news and big retracement to point A .
5 Do you see any "logic" scenario to achieve TP2 @ point B ?
6.Do we have a "perfect" trade managment "by the book" ?
Tks for your help
david4uIgnored
DislikedHello, I'm new to this system. I've downloaded Sonic White, SonicRV3, SonicR- TAH11-16-2009. Which system is the current system?
Thank you,
SladeIgnored