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Sonic R. System

  • #55,041
  • Jul 31, 2013 4:45pm Jul 31, 2013 4:45pm
Quoting Tymedu
{quote} End of the month comment Well, end of the month again. Not a very realistic time to look at the statistics because I have tons of orders opened, but if I look to my balance, I have to be happy. If I look to the sum of my closed orders this month, I achieved 9200 pips, reaching the 8000pips target I put myself for July. That is a 29.1% return, quite happy and quite awesome for me. Of course, that is not 100% real, because I have orders opened and EU, UJ and NU are in negative, so my equity is around 7200 pips with a 22% return and a max DD...
Very good trade, very good work
Newbie trader
  • #55,042
  • Jul 31, 2013 4:56pm Jul 31, 2013 4:56pm
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  • #55,043
  • Edited 6:21pm Jul 31, 2013 6:11pm | Edited 6:21pm
Quoting loeil
My shorts on EU, GU, EJ, GJ Includes some sell stop orders too. If MM's will pump again I intend to add more shorts, otherwise not. No TP's. {image} {image} {image} {image}
GJ Short Trade: Closed all 16 components for 5203 pips gain.
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Whatever is obvious is obviously wrong!"
  • #55,044
  • Jul 31, 2013 6:25pm Jul 31, 2013 6:25pm
Quoting Tymedu
{quote} End of the month comment Well, end of the month again. Not a very realistic time to look at the statistics because I have tons of orders opened, but if I look to my balance, I have to be happy. If I look to the sum of my closed orders this month, I achieved 9200 pips, reaching the 8000pips target I put myself for July. That is a 29.1% return, quite happy and quite awesome for me. Of course, that is not 100% real, because I have orders opened and EU, UJ and NU are in negative, so my equity is around 7200 pips with a 22% return and a max DD...
Well done, Tymedu!

Goal:
"My target for July is 8.000 pips and a max drawdown of 10%. Let's see if I accomplish the challenge!"

Achievement:
"...because I have orders opened and EU, UJ and NU are in negative, my equity is around 7200 pips with a 22% return and a max DD of 12.6% (reasonable, way better money management). So, nice month for me."

Yes, Tymedu, a very nice month indeed!
  • #55,045
  • Jul 31, 2013 7:30pm Jul 31, 2013 7:30pm
Quoting loeil
{quote} GJ Short Trade: Closed all 16 components for 5203 pips gain. {image} {image}
very good work
most of us already out of posisions and start build longs' what was your thought to make it diffrent?
  • #55,046
  • Jul 31, 2013 8:01pm Jul 31, 2013 8:01pm
Quoting loeil
{quote} GJ Short Trade: Closed all 16 components for 5203 pips gain. {image} {image}
loeil,

Fantastic!

"...GJ Short Trade: Closed all 16 components for 5203 pips gain...."

Sonicers, that is more than 325 pips per trade component! How many traders does anyone know that can make 16 consecutive trades on a single pair, over about maybe as many days, reaping an average of 325 pips per trade?

-tah
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  • #55,047
  • Jul 31, 2013 8:25pm Jul 31, 2013 8:25pm
UChf & Market Comment:

I am looking at some of the whipsaws from yesterday, and found my way to the chart on this pair. As I gaze at it, I realize that staring back at me is this notice: .....4 hrs 36 mins until CHF: Bank Holiday.

Suddenly I see the picture!

Of course there were whipsaws yesterday! UBS, DukasCopy, and what-all swiss banks, some of the huge players in the forex market that also act as liquidity providers, had to make their move yesterday! And on this pair their move was extreme and bullish (PVSRA).

So, now that they have made their play early on various pairs, we have further evidence of what is coming for those pairs.
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  • #55,048
  • Jul 31, 2013 8:44pm Jul 31, 2013 8:44pm
AU Comment:

Price has been basing,......below RWL and below a whole number SR (PVSRA)! And look at the strikes below the half SR and the associated volumes (more PVSRA)! And look where RDH is. Does anyone believe that is going to hold the price?

Well, maybe for the day. But maybe not! Either way, we could be looking at a blow-out price move as the week ends!
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  • #55,049
  • Jul 31, 2013 8:56pm Jul 31, 2013 8:56pm
EU Comment:

And, could this be getting an early start,........breaking down away from the whole SR? There was good volume above the whole SR just before the drop started......
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  • #55,050
  • Jul 31, 2013 9:11pm Jul 31, 2013 9:11pm
GU Comment:

I love this one! See, H1 shows the classic clue! The Dragon has crossed down thru the Trend Line. And now we have had the famous pullback (to, into or thru the Dragon)! The bulls returning? Not on your life! That is the bear MMs putting on bullish PA! Why? To load up more shorts, of course! And the next M15 Sonic R. System Classic setup is more apt to result in a winning trade! If the floodgates open on GU, no way are RDL and RWL going to hold.....
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  • #55,051
  • Edited 9:43pm Jul 31, 2013 9:19pm | Edited 9:43pm
EU short trade

Quoting futurespeter
{quote} EU short trade Added scout short #7 Bearish MM's are pushing price above 3/4 number with high volume. {image}

One week ago added sell #8,9,10 and last night added sell #11 (while I was sleeping), adjusted TP.

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Quoting traderathome
{quote} Market makers are those charged with responsibility to assure market liquidity. Their compensation is by way of commissions on the orders they match up for execution. And also, when they see they have an opportunity to manipulate price to where big orders can be filled, they can place their own trade to profit from the move they are going to make. And, gee, if these turds are part of a "liquidity provider" big, major bank with it's own Trading Desk, do you not think that is a conflict of interests? ...........FREE MARKETS? OR...... .....FREELY...
GU short trade

Quoting futurespeter
{quote} GU short trade Added scout short #6,7. Same reason as EU, PVSRA indicates that MM's are still Bears. {image}
Added (last week) sell #8,9

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Profit actual +915 pips.
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  • #55,052
  • Jul 31, 2013 9:21pm Jul 31, 2013 9:21pm
UCad Comment:

With the strong PVSRA indication at the last two lows that the MMs are undisputed bulls, this Classic long setup might take off early....
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  • #55,053
  • Jul 31, 2013 9:26pm Jul 31, 2013 9:26pm
Quoting traderathome
{quote} AJ Long Trade: Added long Scout #13 and adjusted TP. {image}
AJ Long Trade: Added long Scouts #14 - #16. Adjusted TP.
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  • #55,054
  • Jul 31, 2013 9:29pm Jul 31, 2013 9:29pm
Quoting traderathome
{quote} EU Short Trade: Added shorts #14 thru #20. Scouts (catching up on posting). Entries were based on M1 PVSRA indicating the MMs are bears, even as they drove the price higher. {image}
EU Short Trade: Added short Scouts #21 - #24. Adjusted TP.
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  • #55,055
  • Jul 31, 2013 9:31pm Jul 31, 2013 9:31pm
Quoting traderathome
{quote} EG Short Trade: Added short Scouts #4 - #7, two pending orders executed while I slept and two added afterwards. A mistake made, as I manually added while also having a remaining pending near same price. {image}
EG Short Trade: Added short Scouts #8 - #10. Adjusted TP.
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  • #55,056
  • Jul 31, 2013 9:33pm Jul 31, 2013 9:33pm
Quoting traderathome
{quote} 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. {image}
AU Long Trade: Added long Scouts #7 - #10. Adjusted TP.
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  • #55,057
  • Jul 31, 2013 9:35pm Jul 31, 2013 9:35pm
Quoting traderathome
{quote} {quote} EA Short Trade: Added short Scouts #17 - #25. Multiple EUR high impact releases are coming tomorrow, so tomorrow and Friday are the more likely days for stuff to happen here. Meanwhile, PVSRA indicates the MMs are bears building their positions. {image}
EA Short Trade: Added short Scout #26. Adjusted TP.
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  • #55,058
  • Jul 31, 2013 9:37pm Jul 31, 2013 9:37pm
Quoting traderathome
{quote} GJ Long Trade: Added long Scouts #9 - #14. By mistake, #11 and #12 are practically the same. I manually added while also having a remaining pending near same price. Adjusted TP. {image}
GJ Long Trade: Added long Scouts #15 - #16. Adjusted TP.
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  • #55,059
  • Jul 31, 2013 9:49pm Jul 31, 2013 9:49pm
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}
Quoting pharlap1959
Hi qFish i'm with FXCM and can confirm my chart is same as yours
Quoting gcgman
IBFX had a six pip drop at the same time as FXCM
Hi guys,

I don't want to take this thread off topic but briefly wanted to address your concerns. If you have further questions or comments, please follow up with me in the FXCM discussion thread: http://www.forexfactory.com/showthre...29#post6859429

On our No Dealing Desk (NDD) forex execution, we have no reason to hunt your stops. We make money off of your trading volume, not your losses. We make the same amount whether your trade closes out for a profit or a loss. We'd rather you be profitable so you can provide us with more trading volume. The reason spreads can widen around 5pm New York time is due to trade rollover. Banks widen their spreads briefly as they refresh their servers for the new trading day. Some stop quoting prices altogether. Since we simply pass on the prices we receive from our liquidity providers, you can can see this reflected in wider spreads around 5pm New York time, but this typically lasts only a few minutes.

It's not possible for banks to hunt your stops on our NDD model, because (A) they don't know where your orders are, and (B) only the bank quoting the best price at the time in question will get to offset your order if it does trigger. Also, if this was really a case of stop hunting it would not occur at the exact same time every day at 5pm New York time. Here's a post where I've discussed this topic in the past: http://www.forexfactory.com/showthre...ng#post6271353

Jason
  • #55,060
  • Edited 10:10pm Jul 31, 2013 9:59pm | Edited 10:10pm
Hunting Client's SLs

Why does FXCM always answer this question by talking about it's No Dealing Desk,......when it also has a Dealing Desk?!

That is sort of like saying, "Hey, we are unscrupulous and nasty with you if you have our Plan A, but we don't do those sort of things if you have our Plan B. And isn't that just another way of saying, "Hey, we are unscrupulous wherever we can be." ?

Note that the rep for FXCM made no denial of the PA that started all of this.....

My advice is still the same. Don't give SLs to your broker to work with.
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