Sonic R. System | Page 2092 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Sonic R.evolution 95 replies

The System Behind the System, by Merlin Jeffries 16 replies

Old School Sonic System + Other Things 11 replies

Knife system, Vegas 4h system related questions. 4 replies

Would you trade this system? New system #2. 10 replies

Attachments: Sonic R. System
Exit Attachments

Sonic R. System

  • #41,821
  • Dec 5, 2012 2:03pm Dec 5, 2012 2:03pm
Quoting Shooter150
GbpUsd entered short

Attachment
GbpUsd .. i m out on break even ..

Attached Image (click to enlarge)
Click to Enlarge Name: 177.gif Size: 53 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 183.gif Size: 61 KB
" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #41,822
  • Edited 2:31pm Dec 5, 2012 2:07pm | Edited 2:31pm
FXCM (NYC) Broker Comment:

An interesting thing just happened. The FXCM spread on EU went from 2+ pips to over 5 pips, then suddenly over 10 pips as the price spiked down. Now, was that FXCM spiking down the price simply by increasing the spread so it could run stops on longs and maybe trigger short pending orders, so it could take a long position? Waiting to see what PA follows. If PA goes up, then I will believe this was the situation. If price goes down, then I'll have to cogitate more on this to try and understand why that peculiar set of events happened. If the price goes down, then maybe FXCM increased it's spread momentarily to get the price lower to take the short side of lower long pending orders.

I checked the "market price" with some other (US) brokers: Alpari (US) and FXDD. Neither register prices as low as with FXCM.

This makes me wonder if FXCM is in habit of "creating" market swings that otherwise don't exist in the market outside the realm of FXCM, and for the purpose of building it's own positions at the expense of its client's open positions and/or pending orders. And it is interesting that this happened shortly after the new forex day got underway (very early in the first M15 TF - see time stamp for original posting).

(Worldfreedom might want to comment on this last point of interest.)
  • #41,823
  • Dec 5, 2012 4:47pm Dec 5, 2012 4:47pm
Quoting traderathome
FXCM (NYC) Broker Comment:

An interesting thing just happened. The FXCM spread on EU went from 2+ pips to over 5 pips, then suddenly over 10 pips as the price spiked down. Now, was that FXCM spiking down the price simply by increasing the spread so it could run stops on longs and maybe trigger short pending orders, so it could take a long position? Waiting to see what PA follows. If PA goes up, then I will believe this was the situation. If price goes down, then I'll have to cogitate more on this to try and understand why that peculiar set of...
HI Traderathome,

Thanks for your comment. It's important to note that on our No Dealing Desk forex execution, FXCM doesn't determine the prices our clients trade on, and we don't make money from client losses. Our liquidity providers send us prices. We simply pass the best bid and ask onto our clients, and add a pip markup for our profit.

In regards to the price spike you saw, I notice your post was made right after 5pm New York time today. That's when trade rollover occurs. At 5pm every weekday trades are rolled from one trading day to the next and rollover interest is applied to open trades. The banks that provide us with liquidity will often briefly widen their spreads at this time as they refresh their servers.

Sorry to everyone, I didn't mean to hijack this thread. I've posted a more detailed response about this topic in the FXCM thread in the past. Feel free to hit me up there, if you have any follow up questions.

Jason
  • #41,824
  • Edited 8:25pm Dec 5, 2012 5:40pm | Edited 8:25pm
Quoting Jason Rogers
HI Traderathome,

Thanks for your comment. It's important to note that on our No Dealing Desk forex execution, FXCM doesn't determine the prices our clients trade on, and we don't make money from client losses. Our liquidity providers send us prices. We simply pass the best bid and ask onto our clients, and add a pip markup for our profit.

In regards to the price spike you saw, I notice your post was made right after 5pm New York time today. That's when trade rollover occurs. At 5pm every weekday trades are rolled from one trading day to the...
FXCM (NYC) Broker Comment:

Hi Jason,

Thank you for your reply. I took your link ride but ended up still with these questions. The spike down in question was not high volume, so why the sudden spread rise to over 10 pips in an "inactive" market where your spreads are typical, as they were before and after this sudden occurrance? This was not just a matter of a liquidity provider widening spreads for an "instant" of "computing rollover interest and adjusting accounts accordingly", because there were actual trades being executed during the moments of this event! And why is the FXCM price in that first time frame of the new day still exhibiting a lower low as a result of that event trading, than the other NYC forex brokers exhibit for the same time frame? These fundamental questions remain unanswered.

And you do function as a dealing desk broker. The following being taken from a footnote at the FXCM website (http://www.fxcm.com/advantages/forex...0000000MXcNAAW).....
"In the dealing desk model, FXCM acts as a market marker, setting the prices and spreads on which you trade. In this execution model, FXCM is on the other side of your trades. We can see your stops and limits and we profit from your trading losses."

And therefore, Jason, the question remains as to if FXCM intentionally increases spreads to reach prices they want to reach, in order to trigger pending client orders so FXCM can take positions on the opposite side, and/or in order to hit client stops on existing opposite side trades so FXCM can use that liquidity to get even more such positions. In all fairness to FXCM, maybe it does not actually increase the spread. Maybe the liquidity providing bank does, during rollover accounting, as you intimated. Maybe FXCM, knowing when this happens, just stands ready like a vulture to take advantage of the suddenly increased spread to trade as mentioned against it's client accounts during those brief moments. Either way, this would suggest an intent by FXCM to actively go after client money, rather than passively benefitting from client trading.

-tah

(Sonicers, I have posted this verbatum on the FXCM Discussion thread.)
  • #41,825
  • Dec 5, 2012 9:19pm Dec 5, 2012 9:19pm
beatifull wave at GU
Attached Image (click to enlarge)
Click to Enlarge Name: asdaa.gif Size: 31 KB
DB#23
  • #41,826
  • Dec 5, 2012 10:38pm Dec 5, 2012 10:38pm
EU open SELL

Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 27 KB
  • #41,827
  • Dec 5, 2012 10:59pm Dec 5, 2012 10:59pm
Quoting SCopier
EU open SELL

Attachment
Found this too

Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 28 KB


Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 26 KB
  • #41,828
  • Edited Dec 6, 2012 12:12am Dec 5, 2012 11:36pm | Edited Dec 6, 2012 12:12am
Quoting traderathome
EU: Entered EU short. Late US session entry. Risk is that even if this is to drop more, it might run out of steam now. Then the upcoming asian session might put it higher again, before the move down resumes.
EU: Going to let this ride to get more mileage out of it. Set TP2.

Edit: Maybe I should have taken profit. LS might pull this up now for a while. We'll see. Anyway, pic. #2 is my map for this for today. Of course I'd like to see price drop to TP3, but if this starts to look like a roller coaster day, I might "TP" before TP3, look for a pull up to re-enter. Revised TP2 seems a logical place for a dropping price to pause for a pull up. Now, to see what the market decides.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dec 2012 - 019.gif Size: 34 KB
Click to Enlarge Name: dec 2012 - 020.gif Size: 34 KB
  • #41,829
  • Dec 6, 2012 12:49am Dec 6, 2012 12:49am
AU Comment:

Sonicers, after getting the pump Tuesday, it sold off Wednesday. Asian session pumped it again today and then sold it off. Now the London boys are pumping it, presumably to also sell it off (Pump & Dump). Maybe today this will break the Trend and start down for real. But maybe not, because tomorrow (Friday) is a big day for high impact releases. So, with all the Pumps and Dumps on this one lately, that says the Market is building short positions, why would the Market be in any hurry today to start the drive down. Seems tomorrow, at the earliest, would be a better candidate for the day the Market pulls the rug on this one to start the profit making drive down.
Attached Image (click to enlarge)
Click to Enlarge Name: dec 2012 - 021.gif Size: 38 KB
  • #41,830
  • Dec 6, 2012 12:58am Dec 6, 2012 12:58am
Market Comment:

Sonicers, today the London Market is knocking itself out "pumping" AU, EU, GU and "torpedoing" UCad, UChf. Tomorrow is a very key day for USD releases. You get the picture?

I'd not be looking for anything substantial today, as it seems the market is just posturing prices so it can load up for what is to come. Tomorrow, at the earliest is the more likely day for breakouts. And maybe not until next week.

As always, abide by the Dragon and PA, but with tomorrow being what it is and the current price manipulation being what it is, trading today might not be all that great. Just a thought.

-traderathome
  • #41,831
  • Dec 6, 2012 1:24am Dec 6, 2012 1:24am
UsdJpy entered long

Attached Image (click to enlarge)
Click to Enlarge Name: 185.gif Size: 45 KB
" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #41,832
  • Dec 6, 2012 1:44am Dec 6, 2012 1:44am
So which is the latest system? And does it still work?
sonic I have a question in the attachment from post 14 why you didnt go short on the 14 October at 15:00 I would have but that would be a mistake how did you spot not to trade low?
  • #41,833
  • Dec 6, 2012 3:23am Dec 6, 2012 3:23am
Quoting mihulea
So which is the latest system? And does it still work?
sonic I have a question in the attachment from post 14 why you didnt go short on the 14 October at 15:00 I would have but that would be a mistake how did you spot not to trade low?
In my opinion, a thread doesn't become the most viewed, most commented on thread on Forex Factory
unless it's effective. But it's more than "does it work," it's the application of the method by each and
every individual. It works - for those that "get it." It doesn't work for those that don't follow the rules.

You will find the latest templates and info on post #1.

  • #41,834
  • Dec 6, 2012 3:34am Dec 6, 2012 3:34am
Quoting ArtfulDodger
In my opinion, a thread doesn't become the most viewed, most commented on thread on Forex Factory
unless it's effective. But it's more than "does it work," it's the application of the method by each and
every individual. It works - for those that "get it." It doesn't work for those that don't follow the rules.

You will find the latest templates and info on post #1.

................. !!
" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #41,835
  • Dec 6, 2012 3:46am Dec 6, 2012 3:46am
EurJpy entered short

Attached Image (click to enlarge)
Click to Enlarge Name: 187.gif Size: 60 KB
" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #41,836
  • Dec 6, 2012 3:57am Dec 6, 2012 3:57am
EJ valid short setup?
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 45 KB
Keep Simple...!
  • #41,837
  • Dec 6, 2012 4:02am Dec 6, 2012 4:02am
Quoting Shooter150
UsdJpy entered long

Attachment
UssdJpy hit my stop loss -14 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 185.gif Size: 45 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 188.gif Size: 44 KB
" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #41,838
  • Dec 6, 2012 4:04am Dec 6, 2012 4:04am
I'll stop to trade for today, waiting NFP tomorrow. Big moves will come.
  • #41,839
  • Dec 6, 2012 4:05am Dec 6, 2012 4:05am
FXCM comment on my thread??


Sonic
  • #41,840
  • Dec 6, 2012 4:14am Dec 6, 2012 4:14am
UsdJpy entered short

Attached Image (click to enlarge)
Click to Enlarge Name: 188.gif Size: 44 KB
" Support/Resistance is your friend .. and TREND your girlfriend .. "
23 traders viewing now