We do not trade candle closes, we (SonicR system) trade ONLY highs and lows. By trading waves you put your EP, SL and TP according to price extremes, NOT candle closes. Therefore, it does not matter if my broker is GMT +1 or GMT +9.

Sonic R. System

Not really. If we trade waves, we do not care about Open and Close of the candle, we care about the range - High and Low. You would set above the High, and it does not matter how the candle would look. The extreme point (price) is still the same if ...

Sonic R. System

How come? I'm not sure what you mean. Candles are GMT sensitive, waves are not.

Sonic R. System

As a follow up - to minimize your risk, now you can move your SL even lower to LH.

Sonic R. System

Excellent point. Different brokers open at different times, thus my H4 candles may be different than your H4 candles. This makes SL placement subjective and 'not system-like'; therefore we trade waves, not candles.

Sonic R. System

Your SL is not TIGHT, as you named it. Tight SL usually means that it is placed on the previous HH or LL.

Sonic R. System

Stop talking about BBs. Please. What they are doing we have no way of knowing. Sometimes they do what is advantageous to them, sometimes not. We have to trade with and against them. They are market participants just like us. Some have influence over ...

Sonic R. System

Yes, but it's a necessity if one wants to be a successful trader. Those who put mental stops base their reasoning that the market will reverse at some point, and they will close position with smaller loss or even profit. However, there always are ...

Sonic R. System

Cheers, Everything is good, friend. I see you are still 'posting rapidly.' Where do you get that energy from!

Sonic R. System

Always, ALWAYS, ALWAYS, ALWAYS, ALWAYS, Use a hard stop.

Sonic R. System

All three of them are EMA

Sonic R. System

video video

Sonic R. System

Woah, nice trade!

Sonic R. System

That's market talking...

Sonic R. System

I like this user who is always watching the thread I like his username to be exact. I think its ironic.

Sonic R. System

image

Sonic R. System

I'll just make it bigger in case someone misses it:

Sonic R. System

No kidding. I miss the times when I used to wake up in the morning, look at the chart, draw waves, go to forum and every other (now senior) Sonicer would have the same wave analysis as me. Thou, it can be subjective in a sense that not all of us ...

Sonic R. System

I wasn't joking. I still have that tendency. So when I experience a loss I oftentimes take a few hour break . I used to do it a lot more in the past, thus I posted my trades in the forum in order to help me keep disciplined.

Sonic R. System

That's me alright !

Sonic R. System