1. 70% 2. I move to next lows or highs, not BE. So it depends on price action. 3. What do you mean 6R ?

Sonic R. System

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Sonic R. System

Those orders were put exactly at the time as you see them in the screenshots. Usually I start putting orders around London open, if there are any setups of course.

Sonic R. System

You haven't read the whole thread, have you?

Sonic R. System

...continued

Sonic R. System

Incase nobody learned anything today, here was my thinking and trading behind E/U pair. In short, my short trade taken at TP1, then remaining half of the position taken out at SL, which I moved to lower high. Then my BUYSTOP gets triggered and both ...

Sonic R. System

Ok, then can you explain how taking into account high impact news will make your setup more successful? I mean, the market could have spiked down aswell, right?

Sonic R. System

So did you learn anything?

Sonic R. System

No. You should use tight stops and re-enter whenever setup presents itself. What if that high spike will take out your high SL? And if you are expecting a big spike, why would you enter short? High spike means new highs doesn't it? EDIT: Just to ...

Sonic R. System

Why is your SL so high?

Sonic R. System

If you've got nothing to do and eager to learn, or just waiting for setups to develop, it's worthy to watch or just have running in the background video

Sonic R. System

I like this thinking!

Sonic R. System

What are those red lines? EDIT: Oh, that's SL, TP and Entry. We used to have different colors for all, but nvm

Sonic R. System

Golden words ! Post your Entries, TPs and SLs people.

Sonic R. System

I cannot see neither your entry nor his. However, if you make an entry 10 pips late, you get -10 pips from your TP and +10 pips to your SL. And so you alter your Risk:Reward to the negative.

Sonic R. System

It's just an expression. Stating something and then adding "NOT" to reverse the meaning. Sarcasm of some sort...

Sonic R. System

If you don't get a good entry, don't chase the market. It's better not to have those 20 pips than see market reverse and get stopped out for even bigger loss. And no pips are free, they all carry risk :nerd:

Sonic R. System

Price action is so clear in that chart... NOT !

Sonic R. System

GuruKrish, it does not vary. Range does not vary. Open and close of the candles vary.

Sonic R. System

You do not determine the High point of a wave, until it turns around. It has nothing to do with a time of the closing candle. If you put your SL over High=Close candle, then I put my SL over the same candle just with a long wick, because my broker ...

Sonic R. System