Why, because this ties directly back into my post #14325
Failure on the 60 min chart to break and hold above 1.23200 tells me reversal and to sell. So on first big red reveral bar on 60 min EURUSD I move to 5 min and look for Symphonie sell signal taking all I can see as they show.
That is why I sell....
Evaluator.
- Post# 14,403
- Quote
- Jul 10, 2012 10:07am
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- Evaluator Joined Oct 2007 | 2,630 Posts | Status: Member
Yes, I played on real account, but it's balance is really low (what I meant I didn't transfer much money to this account).
Took the S, target 1.2230
I highly reccomend you NOT do that! If you choose to trade real money on a System you are just learning then I do not want to hear you whine about how you lost ''real'' money and you can not trade anymore because you lost it. (i.e. your post #14389 )
That is your own fault (not Symphonie Systems) because you are new and do not understand the system how it works nor the many different situations that you will have in the real markt as I have tried to document in post#1.
Again, Symphonie is a learned process that requires alot of upfront work and practice.....
Trading Symphonie ''cold'' untested and untried with the add stress of real money is the WRONG way to learn Symphonie.
Evaluator.
- Post# 14,404
- Quote
- Jul 10, 2012 10:16am
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- Evaluator Joined Oct 2007 | 2,630 Posts | Status: Member
thanks
You are most welcome!
Evaluator.
- Post# 14,405
- Quote
- Jul 10, 2012 10:23am
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- Evaluator Joined Oct 2007 | 2,630 Posts | Status: Member
While the price action today has been difficult, one should have been able to see the navigational signs and make a few pips.
However, now that we may possibly be in the last leg of a down trend I do have concerns at the S2 support line (1.22250) because that also happens to be the 1.382 fib of the entire 1.2250 to 1.2350 rally which would make a perfect place for a rally point....
If that is the case and this drop today is just a B wave then look for a EURUSD rally to reach between 1.23812 and 1.24500 before ending this corrective ABC triangle.
So, this bear run maybe temporary and not the 1.21500 drop I am looking for....WATCH for REVERSALS!!!!
Evaluator.
However, now that we may possibly be in the last leg of a down trend I do have concerns at the S2 support line (1.22250) because that also happens to be the 1.382 fib of the entire 1.2250 to 1.2350 rally which would make a perfect place for a rally point....
If that is the case and this drop today is just a B wave then look for a EURUSD rally to reach between 1.23812 and 1.24500 before ending this corrective ABC triangle.
So, this bear run maybe temporary and not the 1.21500 drop I am looking for....WATCH for REVERSALS!!!!
Evaluator.
Attached Image (click to enlarge)
- Post# 14,407
- Quote
- Jul 10, 2012 11:31am | Edited at 12:14pm
Aud/Usd bounced off pivot and 618 fibo retracement. Looking for symphonie signal and Trendline to break.
Aww, don't have time to watch it, gotta go. Closed at +3.
Tomorrow I will keep you guys posted with my trades, maybe we will work it out, why can I loose when everyone is earning
Have a good day guys
Aww, don't have time to watch it, gotta go. Closed at +3.
Tomorrow I will keep you guys posted with my trades, maybe we will work it out, why can I loose when everyone is earning
Have a good day guys
- Post# 14,408
- Quote
- Jul 10, 2012 1:44pm
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- Evaluator Joined Oct 2007 | 2,630 Posts | Status: Member
Looking at fib points and extentions it appears that the EURUSD is in the process of making the final push down. Loo for a pull back to min 1.22587 which is the 38.2 fib retracement for a wave4.
This will put first targets to be 1.21500 (1.618) to a extention (2.618) target of 1.20480.
Personally, I would recommend no more sell orders on a break of the 1.2200 level as at that level the potential rewards to risk become dangerous for being stopped out by trend reversals.
Best of Luck.
Evaluator.
This will put first targets to be 1.21500 (1.618) to a extention (2.618) target of 1.20480.
Personally, I would recommend no more sell orders on a break of the 1.2200 level as at that level the potential rewards to risk become dangerous for being stopped out by trend reversals.
Best of Luck.
Evaluator.
Attached Image (click to enlarge)
- Post# 14,409
- Quote
- Jul 10, 2012 3:40pm
Here is the important use of post#1 and my use of a 50 pip stoploss. Initial order was made and then stupid politicians talking about EU Sumit spike the markt from the ''Rainbows and Lollies'' speeches.....Once the markt sugar rush goes away the markt returns to fundementals and initial drivers giving me a ''Double Down'' moment (see post #709) and I add to my sell position at a higher level than inital sell order...
[font=Verdana]woohoo!!...
I took the same trade this morning but my SL has been taken; fortunately I could recover in the afternoon with the second trade ... day closed in BE.
Let me add that I think to have made a mistake going in the first trade because the stoch H1 was overbought and PA had not enough force to come over the previous low (pictures H1 and M5 + red vertical lines are entry/exit point).
Probabily RJ make the most conservative choice with the first entry.
Attached Images (click to enlarge)
- Post# 14,410
- Quote
- Jul 10, 2012 3:55pm
Thank to RJ I discovered HA bars which integrated with matrix are a powerfull tool.
If from one side these bars filter very well noises and increase your feeling about the trend/reversal unfortunately from the other one they hide the PA because cover the traditional Japanese bars.
After many research I found out the enclosed indi which allows you to visualize HA in a separate window.
I started to use it in the stoch window (see picture below) and I think it could be interesting
enjoy it.
ciao
wiz
If from one side these bars filter very well noises and increase your feeling about the trend/reversal unfortunately from the other one they hide the PA because cover the traditional Japanese bars.
After many research I found out the enclosed indi which allows you to visualize HA in a separate window.
I started to use it in the stoch window (see picture below) and I think it could be interesting
enjoy it.
ciao
wiz
Attached Image (click to enlarge)
Attached File
- Post# 14,411
- Quote
- Jul 10, 2012 4:05pm
trying to join history in the making both in EU and EJ, still in the short entries bounce off of DP and S1 accordingly!
S3 i hopefufufufufufufufufufufufuufufu...... . gonna have pimples tomorrow
EDIT: the retracement hit my trailing stop... sigh... another day tomorrow i suppose.... green pips to all of you!
Yelena,
I am not sure but this morning I believed to have seen a your post replying to my question about news.
Was I drunk or did you cancel the post?
ciao
wiz
- Post# 14,413
- Quote
- Jul 10, 2012 8:06pm
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- realjumper ● Online Joined Feb 2009 | 11,346 Posts | Status: Hasta la victoria siempre - El Che
Doing what you like is freedom. Liking what you do is happiness.
- Post# 14,414
- Quote
- Jul 10, 2012 9:32pm | Edited at 9:35pm – ps: you explained it clearly few posts ago ;-)
I have to ask.....on the second chart, why did you let the PA run all the way to the SL? Did it not occur to you pretty soon after your short entry that stoch was climbing and exiting with a small loss might be the best plan of action?
unfortunately I am not yet a full time trader;
I am a "quite old" aeronautical engineer for living and yesterday morning I had a working meeting therefore I decided to get in with only 1/2 ARS short to reduce the risk and placed my SL few pips above previous resistence.
I can assure you that if I had been in front of the chart I would take my exit and reversed immediately
I know I should trade higher TF but they don't fit with my personality.
ciao
wiz
ps: you explained it clearly few posts ago ;-)
- Post# 14,415
- Quote
- Jul 10, 2012 9:58pm
Yelena always deletes most of her posts afterwards so if you want to keep the answer, copy and paste it somewhere else.
next time I will try to be faster
- Post# 14,416
- Quote
- Jul 10, 2012 10:35pm
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- realjumper ● Online Joined Feb 2009 | 11,346 Posts | Status: Hasta la victoria siempre - El Che
Good question RJ,
unfortunately I am not yet a full time trader;
I am a "quite old" aeronautical engineer for living and yesterday morning I had a working meeting therefore I decided to get in with only 1/2 ARS short to reduce the risk and placed my SL few pips above previous resistence.
I can assure you that if I had been in front of the chart I would take my exit and reversed immediately
I know I should trade higher TF but they don't fit with my personality.
ciao
wiz
ps: you explained it clearly few posts ago ;-)
Doing what you like is freedom. Liking what you do is happiness.
- Post# 14,418
- Quote
- Jul 11, 2012 2:45am
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- Evaluator Joined Oct 2007 | 2,630 Posts | Status: Member
Is it me or do I see bearish divergence building???
Evaluator.
Evaluator.
Attached Image (click to enlarge)
- Post# 14,420
- Quote
- Jul 11, 2012 3:18am | Edited at 3:29am
Should have waited for the trendline to break ;/
Keep the trade or cut looses? Take L? What should I do ?
SL hit -17. At least I had wide SL (few pips above pivot)
Entry and a rally against me
That's the way I roll !
Keep the trade or cut looses? Take L? What should I do ?
SL hit -17. At least I had wide SL (few pips above pivot)
Entry and a rally against me
That's the way I roll ! Attached Image (click to enlarge)
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