EU:
This might breakout SonicR short.
This might breakout SonicR short.
The System Behind the System, by Merlin Jeffries 16 replies
Sonic R.evolution 93 replies
Old School Sonic System + Other Things 11 replies
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Would you trade this system? New system #2. 10 replies
DislikedWell I'm in EU. moved SL to BE. already at +31pips as at time of post. Target Fib S2.... 1.2802. Wish me God's speed.Ignored
DislikedShort GU, gonna try for 100 pips again. I gotta keep my risk/reward at least 1:2 or 1:3. Then if I can achieve at least 50/50 win/loss ratio, I should do okay.
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DislikedWhat's the basis for your target? Please enlighten us so that we can tap from your weath of knowledge.Ignored
DislikedZecco, please you must first understand I have no "wealth of knowledge." I'm struggling like most of the others in here. My 100 pip target is just an arbitrary number I picked. What I'm trying to do is achieve a 1:3 risk/reward ratio to offset my lack of accuracy in picking winners. 100 pips seems reasonable trading on these higher timeframes. I also move my stop to lock in profits when I can.
But if I were to give advice that I am confident in giving, it would be to make money management our prime concern. Never risk more than 3% of your equity...Ignored
DislikedHello again,
I'm attempting to create some trading checklists for buying and selling using the SonicR manual techniques. I have one for Buying and a second for Selling. I used the original SonicR manual for these instructions and just put them in a one-page format for ease of reading and use. Just print several or have them laminated for re-use as you master these techniques. Hope these are helpful, especially for new SonicR traders.Ignored