My first short on the EU, must break below the black line to invalidate my No1 long scenario. In this case TP1 is my ideal target.
Mind the gap
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DislikedNow that..you got my attention..I have close one of my long with profit ( still have 1 running)..
Waiting for Lower High and below dragon..
If I enter.. It will be CT short trade.so will be like vulture..
I'd rather l be out of the trade wishing I was in than... in the trade wishing I was out..
SonicIgnored
DislikedNow that..you got my attention..I have close one of my long with profit ( still have 1 running)..
Waiting for Lower High and below dragon..
If I enter.. It will be CT short trade.so will be like vulture..
I'd rather l be out of the trade wishing I was in than... in the trade wishing I was out..
SonicIgnored
DislikedGU:
88 pips profit on SS ES1 = 1.6213, closed at TP = 1.6121.
108 pips profit on SS ES2 = 1.6233, closed at TP = 1.6121.Ignored
DislikedNow that..you got my attention..I have close one of my long with profit ( still have 1 running)..
Waiting for Lower High and below dragon..
If I enter.. It will be CT short trade.so will be like vulture..
I'd rather l be out of the trade wishing I was in than... in the trade wishing I was out..
SonicIgnored
DislikedFor the breakout of the L-H-HL / H-L-LH scenario, yes. So the stop is placed above or below the breakout point but for me it's quite hard to do that because for that I'd usually have to place a very high SL (which I might be able to afford twice or three times but I don't want that as a principle)
So what I am trying to do is to always place a limit order during a retracement at the same breakout point that I suspect will be tested. The thing only is that that retracement might never happen. But using stop orders and jump in right away just because...Ignored
DislikedHi, great discussion.
you might consider 2 things:
- If the SL is to far away in your eyes a reduction af trade size might help.
You can adapt you lot size to the risk you want to take even with wide SLs.
- I see the point of getting in as "low/early" as possible. But out of my experience it is better to have a confirmed wave. you might have a wide SL but also higher probablilty to get the trade in the right direction.
Nevertheless I also saw quite a few times PA retracing back from initial classic Sonic entrypoint. This might be even...Ignored
Dislikedyou might consider 2 things:
- If the SL is to far away in your eyes a reduction of trade size might help.Ignored
DislikedOf course Problem only being that I've already hit the minimum lotsize after a series of high SLs that got hit by the so called Big Boys (I call em Bad Boys). Really... they just force price to my stop where they have their limit orders already in place xD But anyway, only solution right now is being ultra picky with the setups...Ignored
DislikedUCad:
Sent out M5 SS EL1 = 0.9736.
Edit: I was a bit too eager and early. Sent out 2nd SS EL2 = 0.9716. Updated chart.Ignored
DislikedGU:
88 pips profit on SS ES1 = 1.6213, closed at TP = 1.6121.
108 pips profit on SS ES2 = 1.6233, closed at TP = 1.6121.Ignored
Dislikedhi TAH, can you explain how did this setup become a sonic entry?..based on what i have observed, there is no H-L-LH scenario..Ignored