DislikedHi traderathome! I have been following this thread to study short term trading, especially trades done by you as one who frequently contributes to the thread. You have shorted EJ on 3 Oct at 100.883 and closed at 100.578 on Oct 10 for a gain of 31 pips. However, since entering the trade, at one stage it has gone against you by around 180 pips ( peak on Oct 5 th). My question is whether one can keep a trade open when it is going in the opposite direction by such a large value of pips. Please explain.RegardsIgnored
DislikedHi nimsri, here is what I see on the EJ chart ... I read many of tah posts where he posted the setups. He actually post many setups in realtime but never show the actual trades taken in MT4. tah use mental SL but never mentioned where his mental SL were placed nor how many pips. I don't know if he traded those setups in live account and what the lot size he trade live. But he trade against the market is not something many traders can stomach with such huge mental SL. I can't imagine how live traders will deal with such style of trading. Anyone , live traders would like to share this sort of risk management style. regards,Ignored
Dislikednice live trade friend... but some people just want a privacy for their account ^^Just my 2 cent ^^Ignored
I use MT4 (sundry brokers) to post my trades. I simply do not use the the MT4 charting option to draw my buy/sell lines. I wrote my own indicator for this. It gives me control of the individual colors of the EP, TPs and SLs and enables me to show multiple entries individually, or as a single average to help re-plan exits (see attached pics of recent AU trades), which cannot be done using the MT4 option. And, it therefore enables me to post a much cleaner, clearer chart of the trade. I post my trades as examples of setups, not as examples of trade management, about which I am certainly not an example for others to follow. And I intend to do something about this, am doing something about this, which will hopefully soon be a part of trades starting in the near future.
Regarding another matter recently promoted by a newcomer, I do not encourage converting this thread to a bulletin board showing how much individuals are making. The purpose of this thread is to present the Sonic R. System and provide ongoing examples of its application by the use of clean, clear charts showing all the pertinant information. This is not a "contest" site.
And thank you, alexbs. You are absolutely correct.