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Symphonie Trader System

The EURUSD bounces on the daily 100 MA line and the bounce is so much that it breaks out of the 60 min downchannel. This could be a direktion change. I was stopped out of my short positions for +3 pips (not happy about that) and now with a channel break I am look for a retest of the top of the trendline for possible false break and if now then I look to buy the next bounce. As is common with Channeltop breaks the price aktion will break the channel retest the top and if strength is there then direktion will continue with in the direktion of the channel break. (in this case up)

Unfortunately, bottoms and tops are always difficult moves and there is usually many whipsaws as the buyers and sellers fight for control of the overall direktion. In times like this it is always important to watch for the technicals to show direktion and then take the next Symphonie Signal and then just ride the trend. I know it is hard to change direktions in the markt once one has a good run in a direktion but sometimes you must shake your bias and embrace the change.

Evaluator.
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Quoting Evaluator
The EURUSD bounces on the daily 100 MA line and the bounce is so much that it breaks out of the 60 min downchannel. This could be a direktion change. I was stopped out of my short positions for +3 pips (not happy about that) and now with a channel break I am look for a retest of the top of the trendline for possible false break and if now then I look to buy the next bounce. As is common with Channeltop breaks the price aktion will break the channel retest the top and if strength is there then direktion will continue with in the direktion of the...

awesome info, thanks for the update eval
The Force is your friend, not the Trend..
As I state in my post 15,761 it is normal for when price aktion is break out of a channel that after the break the markt will retest the channel and if stay above the channel break then the next is the bounce. SO, look what happen to price aktion...B O U N C E ...right off the 100MA line and price aktion now moves higher. If this have been a failure then the markt price aktion would move back inside the channel and the price aktion would then drop that is called a ''false break'' and the channel lines are the key indikator for determine a channel break retest and bounce to a channel break and failure.

This is a repeating pattern of the markt that is very important for new traders to learn because pattern just like this one happen over and over and over and over again in the markt and once you see it; you can take advantage of it because you will know where the next moves are going to be in the markt.

Markt interpretation is very important to understand and it will give one an edge to trading....Then all you have to do is wait for the Symphonie Signal and execute.

Now the next question is how far up will the rally in EURUSD go??? Only the markt knows..... All we can do is watch for the signs and patterns and then let Symphonie tell us what to do and when to do it.

Evaluator.
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Hi Evaluator, Im from Chile and I`ve looking the STS for four days and read the first page like 5 times and in every read I learn something new. From Monday I will testing with my Demo account for one month and hope to upload the results. But what Im looking and read on the thread so far is a great sistem. Congratulations for share and give directions to the new traders like me.
  • Post# 15,765
  • Quote
  • Nov 18, 2012 10:05pm | Edited Nov 19, 2012 12:24am – I have been knonwn it.
HI,Eva
when I put your system in trade ,I find the problem,your Extreme indicator Keep changing，Even if Several candle lines has completed the，It still changing，so,it's no Timely extreme indicator .How to solve this problem, or Are there other indicators can substitute？
I am sorry, my English is very bad.

Thank you
Sym

"Exit Strategy #1 is best for new people because it is easiest to follow. I will make one caveat.....once you get an extreme spike wait for 3 to 4 bars to see it the Extereme holds. If no repaint then exit at close of 4th bar/beginning of 5th" OK,I find it and know it now!
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Hi eva,
I was attracted by your extreme indicator,soon,I find it's no timely indicator, It keeps changing with Candle line, even though price moving fit 4 indicator,but we can not buy/sell in all " fit 4 indicator s" cases,Otherwise，we will die kill by frequent mini stoplose,even we have good Money Management Strategy.we have to consider the best “fit 4 indicator”time which let profit run longer and longer,so,we should think of resistance and support..... I find that" judging trend(UP/Down)+Location（best resistance /support)+(price action thinking) " is necessary and Important in your system...

Did I say right?
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Quoting Symphonie
Hi eva,
I was attracted by your extreme indicator,soon,I find it's no timely indicator, It keeps changing with Candle line, even though price moving fit 4 indicator,but we can not buy/sell in all " fit 4 indicator s" cases,Otherwise，we will die kill by frequent mini stoplose,even we have good Money Management Strategy.we have to consider the best “fit 4 indicator”time which let profit run longer and longer,so,we should think of resistance and support..... I find that" judging trend(UP/Down)+Location（best resistance /support)+(price...

you should really think about using 3.01.. also, wouldn't hurt drawing trendlines, using pivots and fibonacci retracements to find bottoms, tops, resistance, support and targets


Symphonie was designed mostly for entry and exit. However it's more of a lagging system. You should only use it for the majority direction of the market. Symphonie shows strength and direction combined over time. bias of the markets
The Force is your friend, not the Trend..
Quoting allisonmagic
you should really think about using 3.01.. also, wouldn't hurt drawing trendlines, using pivots and fibonacci retracements to find bottoms, tops, resistance, support and targets


Symphonie was designed mostly for entry and exit. However it's more of a lagging system. You should only use it for the majority direction of the market. Symphonie shows strength and direction combined over time. bias of the markets

I agree allisonmagic; v3.0.1 is easier on the eye and simplifies ones charts.

Evaluator.
Markts this week are going to be very low in liquidity and this may not be a good week to trade since the USA markts are closed for Thursday, Friday, and Monday. Look for many nice beginning moves that will only be completely retraced as the markt has few players to keep momentum and direktion going.

Evaluator.
we are see'ing higher highs and higher lows. however we are bouncing off the upper trendline drawn from 12874, moving down. we are a bit wedged in for the moment.. i would look for a drop down to the 61.8 fib , unless we break the high for this period at 1.28323. at that point we should see a target of 1.2869
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The Force is your friend, not the Trend..
We start a new full week and it appears that the EURUSD is to run into some tough resistance at the 1.30100 level which is former support turned resistance from last November. If the price aktion breaks the 1.30500 level then I will look to buy dips (on Symphonie Signals) as this points to a complete retracement of the last major drop from September of 2011 where the high was 1.41800. The pattern would also complete a inverted head and shoulders that points to a reversal and would tie very nicely into a possible relief rally of the Euro Crisis that will conside with the Agreement to ''once again'' of the EU Governing body on 3 Dec. Bailout Greece....ENOUGH ALREADY! Greece is a blackhole....

If however, there is no resolution to the Greek crisis by December 5th then Greece once again will run out of funds and begin to default on loans. If the price aktion falls below 1.28400 then I look to sell the EURUSD as the Symphonie Signals appear.

Either way....watch markt events for a catalyst and then just follow the Symphonie Signals for the best entries and ride the trends.

Best of Luck.

Evaluator.
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Quoting erksa
I am afraid the indicator repaints at least 4 previous bars... Is there a way to fix the repainting issue?
You want the non-repainting (true) version of it especially for backtesting (the other one is completely useless for that).
Attached File
File Type: ex4 10.2 TMA slope true 4.30.ex4   10 KB | 186 downloads
Warning....Wedge formation on EURUSD in 15 and 60 min.

I am watch closely......

Evaluator.
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If you follow from my Post 15,773 you will see that I was watching this wedge or pennant pattern that was forming and it appears that the quick rally after breaking out of the wedge to the upside turns out to be a false break (the repeating stroy of this year) and now price aktion have fall back below and a reversal seem to be taking place as the price aktion puts in a double top formation with a high or 1.30070.

If you were trade in 15 min you would have had two orders stopped out at +1 pip profit a would be in a sell order from 1,29644 that would still be open and gainin in pips. I must say this has not been the easiest of markts to trade these past few weeks as it appears that a final conclusion is building on a global scale as the Euro Crisis seems to be reaching a crossroad and the USA government is run out of money soon. As I state in Jan 2012 this year appears to be a wild roll-a-coaster and it certainly has been that with alot of wild whipsaws.....

As I suspect the trading will become wilder as the ends of this appear to be closer to either a resolution or complete collapse and reset of the world currency markts......

For today the message is downtrend for the EURUSD and take advantages of these small trends while you can. Best of luck trading.

Evaluator.

P.S. While I have not lost money the past 2 weeks I have missed my trade profit targets for the week and have fallen behind my schedule. Will show you more in Dezember.
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Quoting Evaluator
If you follow from my Post 15,773 you will see that I was watching this wedge or pennant pattern that was forming and it appears that the quick rally after breaking out of the wedge to the upside turns out to be a false break (the repeating stroy of this year) and now price aktion have fall back below and a reversal seem to be taking place as the price aktion puts in a double top formation with a high or 1.30070.

If you were trade in 15 min you would have had two orders...

very much appreciated man, thanks for all the updates !
The Force is your friend, not the Trend..
Quoting allisonmagic
very much appreciated man, thanks for all the updates !
You are most welcome.

Evaluator
WOW!

Gold takes a beating today....!
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>EURUSD seems to still be unable to pick a direction for the overall trend as the price action moves back to the high 1.29s and appears to be forming a possible triple top or could this just be the pause before the next rally to the top of the conjestion area at 1.31040?

Only the markt knows...

Evaluator.
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Euro bulls are once again rejekted for a 3 time at the 1.30 level with such force that it breaks the uptrend. This is followed by a retrace back to the broken trendline but fails to move back above. This has formed a classic pattern and the next move should be down.

Now comes the real question.....How far should next drop go before potential support? Well that would be 1.28400 or the last point of consolidation of the last rally of the EURUSD from 20 Nov. But will it hold and the EURUSD bounces higher or drops further`??? Good question and the answer is.....only the markt knows...

Happy Trading.

Evaluator.
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Symphonie finally calls a short after 14 hours....a break of 1.29700 will confirm reversal to the downside. The EURUSD is refusing to die...!

Evaluator.

UPDATE: 3 minutes later the EURUSD breaks SAR line. Reversal confrimed.
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