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Sonic R. System

  • #54,941
  • Jul 30, 2013 6:00pm Jul 30, 2013 6:00pm
Quoting traderathome
{quote} Bady Bastard Wall Street Broker! qFish, FXCM (NYC located and on the stock exchange) seems cut from the same cloth as all the "Thieves of Wall Street". I have multiple brokers (Alpari, FXCM, FXDD) and still looking for others. Being a USA trader, the pickin's are slim. I don't trust FXCM due to the shenanigans you just witnessed, and it is not the first time either. They do this. FXDD has spreads that are far less competitive, "crooks". Alpari (US) I rank the best of the bunch. My trading involves seldom use of SLs. If and when I decide...
Yeah. I feel you. I started trading without SL as you do since I started PVSRA. These trades we witness could be considered "low risk" as they require small stops. And in actuality, they are high risk due to the stop taking. As long as I'm trading small, I'll stick to no SL trades. Either that or do 50+ SL trades on higher TF.
insanity: Doing the same thing over... and expecting different results -AE
  • #54,942
  • Edited 6:22pm Jul 30, 2013 6:10pm | Edited 6:22pm
Quoting qFish
{quote} Yeah. I feel you. I started trading without SL as you do since I started PVSRA. These trades we witness could be considered "low risk" as they require small stops. And in actuality, they are high risk due to the stop taking. As long as I'm trading small, I'll stick to no SL trades. Either that or do 50+ SL trades on higher TF.
I think we should have good reason to enter a trade. Now, PVSRA gives us the best reason of all by indicating if the MMs are bulls or bears. We should not need a SL. We should terminate the trade on our own terms. Not otherwise. Just my opinion. Master Sonicdeejay has recommended a 100 pips SL, to avoid being taken out of what will be a good trade by shenanigans. Tighter SLs are problematic in that they are "bulls eye" targets for unscrupulous brokers on the low side, and by the greedy market makers on the high side, who can ram price away up to 200 pips in a day, for no reason than their own greed to fill awaiting orders by also greedy banks that have put out the "carrot" for the greedy market makers to go after.
  • #54,943
  • Jul 30, 2013 6:12pm Jul 30, 2013 6:12pm
Quoting qFish
{quote} Yeah. I feel you. I started trading without SL as you do since I started PVSRA. These trades we witness could be considered "low risk" as they require small stops. And in actuality, they are high risk due to the stop taking. As long as I'm trading small, I'll stick to no SL trades. Either that or do 50+ SL trades on higher TF.
Hi qFish i'm with FXCM and can confirm my chart is same as yours
Enter Signature
  • #54,944
  • Jul 30, 2013 6:20pm Jul 30, 2013 6:20pm
Quoting qFish
Update and General Money Management. Sorry, I've been so busy so haven't been posting my trades. But here's a summary along with some thoughts. Not many post their real live active DD (besides Tah's summary) so I thought this would be good. Currently have 4 pairs traded via PVSRA: Long: UJ (10 x .01 lots), GJ (16 x .01 lots), UC (6 x .01 lots) Short: EU (7 x .01 lots) Total drawdown: 6.7% (-2000 pips), 33 trades, Original equity of $2900, Live Account I will include charts when i get the chance. GJ moved down substantially, so you see I've added...
As promised, here are the charts to my active trades:
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insanity: Doing the same thing over... and expecting different results -AE
  • #54,945
  • Jul 30, 2013 6:36pm Jul 30, 2013 6:36pm
! Danger HIGH VOLATILITY Danger !

Coming today are multiple USD high impact releases. They might be the "catalyst" the MMs have been waiting for to begin some runs. We cannot be sure of anything, except if PVSRA is giving clear indications as to what the MMs are; bulls or bears. That is all we can know and sometimes that is not as clear as we'd like it to be. So the possibility for high volatility is something we must pay attention to! Why? Draw downs and opportunity are the reasons. I would recommend against further adding to open trades until we "see the whites of their eyes". If we add now, then we might not be able to add at a much better price later, because a much better price later also means at a time of greater draw down, maybe during a whipsaw event. So, don't add to that problematic situation. Keep the rest of your powder dry for now.

On a number of trades I had pending orders which I have cancelled.
  • #54,946
  • Jul 30, 2013 6:38pm Jul 30, 2013 6:38pm
Quoting mouldy
Still holdin on to my AU shorts as I believe the dollar will get stronger, leading to a possible run for profits in the EU, and thus the AU as well. I have however, taken a couple of legs off the table to secure a little bit of profits in case im wrong. Pic to follow when the trade is completely closed...

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woke up this morning and found the EU retraced back to where it was prior to the spike of the ny session. Therefore I closed my AU in lieu of the original plan as I forsee needing more bullets for EU.
  • #54,947
  • Jul 30, 2013 7:00pm Jul 30, 2013 7:00pm
Quoting pharlap1959
{quote} Hi qFish i'm with FXCM and can confirm my chart is same as yours
Hi pharlap1959,

It is unfortunate but yet all too common. Unfortunately not something we can spot without multiple price feeds. Only thing I can conjure is watch out for spikes with low volume. Volume once again tells us something no other indicator can and that is anomalies! Good thing is PVSRA is not an easy target for them.
insanity: Doing the same thing over... and expecting different results -AE
  • #54,948
  • Jul 30, 2013 7:16pm Jul 30, 2013 7:16pm
Quoting traderathome
{quote} I think we should have good reason to enter a trade. Now, PVSRA gives us the best reason of all by indicating if the MMs are bulls or bears. We should not need a SL. We should terminate the trade on our own terms. Not otherwise. Just my opinion. Master Sonicdeejay has recommended a 100 pips SL, to avoid being taken out of what will be a good trade by shenanigans. Tighter SLs are problematic in that they are "bulls eye" targets for unscrupulous brokers on the low side, and by the greedy market makers on the high side, who can ram price...
It is definitely the perfect "edge" that we have against both of them. Let's see how far I can go! Thanks Tah for your unselfish support here. Your track record is not short of impressive. But your countless post and input to us all is what I truly respect of you. I have learned much, and still have much more to learn that only experience can teach. One day, I will be able to contribute back :-)
insanity: Doing the same thing over... and expecting different results -AE
  • #54,949
  • Jul 30, 2013 7:34pm Jul 30, 2013 7:34pm
GJ Comment:

I know I said keep the powder dry, but this might be an exception. The USD releases should not be a catalyst here. If GU drops, it is not due to GBP weakness, but USD strength. So the drop here and now is for another reason, and if price gets pushed thru the lower whole SR, that might be a good place to add. BTW, GU is not currently dropping, so you can see the disassociation.
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  • #54,950
  • Edited 8:17pm Jul 30, 2013 8:00pm | Edited 8:17pm
Quoting traderathome
{quote} EA Short Trade: Added shorts #12 - #14, Scouts. M1 PVSRA continued to show the MMs are bears as the price was pushed higher and higher. Adjusted TP. I continue to stand by the Teller Window to get another ticket, just in case an attractive seat becomes available in the balcony. {image}
EA Short Trade: Added short Scouts #15 - #16. This one also is not directly correlated to USD, so I took advantage of the MMs pushing up the price.
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  • #54,951
  • Jul 30, 2013 8:04pm Jul 30, 2013 8:04pm
Quoting qFish
UC Stop hunting during illiquid hours. First lower spike indicates Bulls. Second lower spike was within 1 minute and low volume. Isnt that weird? Easy manipulation during nonvolatile times. Only big players can put big orders (low volume) to take out stops. Can u say... Bulls!? {image}
I have the same issue with three different brokers. A properly working broker redirects the client orders without delay to their liquidy provider(s), I assume the used liquidy provider did work in his own interest.

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  • #54,952
  • Jul 30, 2013 8:15pm Jul 30, 2013 8:15pm
Quoting traderathome
{quote} AJ Long Trade: Added long Scouts #9 - #10. Adjusted TP. {image}
AJ Long Trade: Added long Scouts #11 - #12. Not correlated to USD and USD releases.
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  • #54,953
  • Jul 30, 2013 8:21pm Jul 30, 2013 8:21pm
Quoting traderathome
{quote} AU Long Trade: Added Scout longs#4 and #5. {image}
AU Long Trade: Added Scout long #6. Yes, this is correlated to USD, so I am taking a chance adding here that a whip further down won't happen. Well, if it does, I will still add if at the computer at the time.
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  • #54,954
  • Edited 8:45pm Jul 30, 2013 8:25pm | Edited 8:45pm
Quoting traderathome
{quote} GJ Long Trade: Added long Scouts #3 - #7. Adjusted TP. {image}
GJ Long Trade: Added long Scout #8. Adjusted TP. Not correlated to USD.
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  • #54,955
  • Jul 30, 2013 10:38pm Jul 30, 2013 10:38pm
Quoting qFish
UC Stop hunting during illiquid hours. First lower spike indicates Bulls. Second lower spike was within 1 minute and low volume. Isnt that weird? Easy manipulation during nonvolatile times. Only big players can put big orders (low volume) to take out stops. Can u say... Bulls!? {image}
It is slightly different picture at exness
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Be coherent with your strategy
  • #54,956
  • Jul 30, 2013 11:12pm Jul 30, 2013 11:12pm
Brokers shenanigans

We all know brokers are all crooks and have to be careful as shown in the posts just now by qfish and others. In this regard wanted to ask if anyone has experience trading with Interactive brokers. their drawback is bigger capital required and per trade commission but if someone has good size capital (over 20k) then they might be best of all there. I have read that they are NDD and STP brokers and dont have any markup of their own at all (they just aggregate price feeds from all the banks (liquidity providers)).

Please share if anyone have any good or bad experience.

PS: they take ~2.50$ commission per trade (upto 100k usd).
Think : Trade : Live Life
  • #54,957
  • Jul 30, 2013 11:14pm Jul 30, 2013 11:14pm
Quoting loeil
{quote} EA Short Trade: Added short #5 - #7 {image}
EA Short Trade: Added short #8 - #11
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Whatever is obvious is obviously wrong!"
  • #54,958
  • Jul 31, 2013 12:19am Jul 31, 2013 12:19am
Uptaded
http://500euroalgiorno.blogspot.it/

long work, I have to automate it
500euroalgiorno.wordpress com
  • #54,959
  • Jul 31, 2013 1:37am Jul 31, 2013 1:37am
Quoting traderathome
{quote} I think we should have good reason to enter a trade. Now, PVSRA gives us the best reason of all by indicating if the MMs are bulls or bears. We should not need a SL. We should terminate the trade on our own terms. Not otherwise. Just my opinion. Master Sonicdeejay has recommended a 100 pips SL, to avoid being taken out of what will be a good trade by shenanigans. Tighter SLs are problematic in that they are "bulls eye" targets for unscrupulous brokers on the low side, and by the greedy market makers on the high side, who can ram price...
IBFX had a six pip drop at the same time as FXCM but, hardly noticeable on a 15 min chart and not at all noticeable on large TFs. I think you're on the right track with larger SL. I also believe a tight SL is a "bulls eye".

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  • #54,960
  • Jul 31, 2013 2:30am Jul 31, 2013 2:30am
Quoting loeil
{quote} EA Short Trade: Added short #8 - #11 {image}
EA Short Trade: Added short #12

High activity around whole number SR area.
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Whatever is obvious is obviously wrong!"
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