How Traders (Get Better Entries) Faster Targets When Trading

How Traders Get Better Entries = Faster Targets When Trading
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CHAPTERS:
00:00 - Long Trade Using the Sonic
03:41 - Short Trade Using the Sonic

Let's learn about the sonic trading system, both long and short trades, and advise you on how to trade price action, especially regarding this kind of trading. We've had a few long signals and are following the software. It says to go long, then adjust the target, and I adjust the stop based on where the system is telling me to place the target and the stop. I will show you the back end of the Sonic trading system. The targets are based on the average true range. If the market is slow, the market is fast, the ATR should be. As far as scalping is concerned, you could consider using a smaller target, a scalp-based system, but you don't have to.

So the sonic trading system can have larger targets based on the average true range if you want. 1 times the ATR or 2 times the ATR. And if you don't know what the ATR is, it means how large the candles are. So the average true range of each candle is giving us one point. If I said 2 times the ATR, it would be double at a 2-point target. The targets/stops are placed by the system itself. You move them if you want a smaller target. If you want to use a smaller stop, you could. Get a better trade or a better entry if you understand how the system works using price action. Focus on better trades. Avoid news events end of day trading. Avoid over-trading. There are a lot of opportunities, but you may just want to trade 4 to 6 times and stop and take a break.

Taking a short signal means you're selling the market, whether it be the mini, NASDAQ, or oil. You're selling it to buy it back at a lower price. We enter for a reason if you think about it as a trader. Get out as soon as possible in our favor. If the trade goes sideways or takes a very long time, and it's not going anywhere, and you still have an opportunity to get out at a small win or break even, take it. Absolutely take it protect yourself. For those of you who have the Sonic, we have a lot of traders now that have the Sonic system. We offer a live trading room every day to look at these signals. You can see that I'm placing a limit order to go long at a better price. So, I could have gotten a much better price, about 3 or 4 ticks better.

It's a little bit shy of the original target. So there's a reason why I'm doing this. As traders, we have to also adapt when we try to get a better price. Since we haven't hit the target yet and the market is actually allowing us to get a better price, why not try for that better price? Keep your target and keep your stop while it moves in my favor.

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