Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Ci/symphonie extreme similarity explained! 144 replies

Symphonie/Cobra Hybrid System 4 replies

Symphonie trader or Genesis matrix 1 reply

Symphonie Trader System EA 73 replies

Yet another set of Symphonie Indicators 241 replies

Attachments: Symphonie Trader System
Exit Attachments

Symphonie Trader System

at this point of the fib, i would be TARGETING the 1.61 level, as your first target. then if we break, we allow a second target for the future with revised fib levels


my limit would stop at the 1.618 fib



Quoting mazprofx
Hi!

Everyone,

Enjoyed this week with the bullish nature of Eur/Usd but it seems that the bullish move of Eur/Usd will come to end soon as we are getting a bearish butterfly pattern on H4 chart and Eur/Usd can reverse from 161.8 level i.e is around 1.3455-1.3485 range for a bearish move. If the Eur/Usd pair passes the 161.8 level then it will continue it's bullish move and then the bearish butterfly pattern will be terminated.

mazprofx.:nerd:


http://s13.postimage.org/z68zsu0mv/Bear_Eur.png...
Quoting allisonmagic
at this point of the fib, i would be TARGETING the 1.61 level, as your first target. then if we break, we allow a second target for the future with revised fib levels


my limit would stop at the 1.618 fib
At this time the Eur/Usd pair has a +90% chance to hit 161.8% level but it can reverse from this level, and continue trading bullish only if it breaks this level as 161.8% is a very strong resistance for Eur/Usd.

mazprofx,:nerd:
Secret Lies in buy LOW sell HIGH concept keep working on it until u succeed
Quoting mazprofx
At this time the Eur/Usd pair has a +90% chance to hit 161.8% level but it can reverse from this level, and continue trading bullish only if it breaks this level as 161.8% is a very strong resistance for Eur/Usd.

mazprofx,:nerd:

yes exactly. maybe set a limit for between 10 and 20 pips from the 1618 level
Quoting mazprofx
That's it for the week had a good +380 pips for this week by risking only 5% of my account, feels great
and gain around 38% for this week.,
Just my two cents. Don't risk 5% it is just totally insane ! Continue like this a be sure to blow your account very soon.
Markets has been cooperative since the beginning of the year but when a consilidation period will come, it will hurt your balance very very hard.
Imagine 5% risk, 5 or 6 loosers in a row, you will loose 30%.

Risk maximum 1% per trade and add all the way in the trend at retarce lvls.
Make money in trending environnement, be greedy, keep your losses small.

Are your really confident with a 5% risk ?? I'm not sure and I bet you stick in front of your screen watching your SL and praying not to be hit.
And when you're in profit you will close earlier because 5% is engough money even if you have not achieved a decent risk/reward level. It simple means your losses will be bigger than your winners. Even with a 75% win rate, on time or another your account will blow up.

Attached, I will share a stuff I coded looooong time ago. It simple help me to calculate my position based on entry price and stop loss. I personally use a 0.5% risk on every trade.
To use it, simple draw a horizontal line (indicator will recolor it and change it's thickness) and name it "ORDER" then, 2 other lines will appears SL & TP, just move them and your lot size, rr, profit, risk will change accordingly. Don't forget to show object description in your mt4 setup.

Cheers,
LhDT

PS : You can have the best strategy in the world (symphonie is a good one) but without a strict money management, you're dead. As simple as that.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: -----2013-01-12_11-28_MetaTrader.jpg Size: 107 KB
Click to Enlarge Name: ---2013-01-12_11-24_Properties of EURUSD,H.jpg Size: 134 KB
Click to Enlarge Name: ---order.jpg Size: 132 KB
Attached File(s)
File Type: ex4 LHDT_MM.ex4   9 KB | 705 downloads
#### Follow me at @LioH_ on Twitter ... ####
Quoting lhDT
Just my two cents. Don't risk 5% it is just totally insane ! Continue like this a be sure to blow your account very soon.
Markets has been cooperative since the beginning of the year but when a consilidation period will come, it will hurt your balance very very hard.
Imagine 5% risk, 5 or 6 loosers in a row, you will loose 30%.

Risk maximum 1% per trade and add all the way in the trend at retarce lvls.
Make money in trending environnement, be greedy, keep your losses small.

Are your really confident with a 5% risk ?? I'm...
LhDT,

I totally agree. I must admit...I think my math has been off when I said 5% and my apologies to everyone.

I went back and checked my numbers (and math)

When one uses the Symphonie Method where you use ARS (see post #1) You are actually putting 3% at risk per trade not 5%....Here is where I calculate

Say you have a account of 5000$.....
your ARS number is 0.50 lot size
Max risk is 30 pips (i.e. your max stoploss)
At max risk you have the potential to lose 150$

So, 150$ / 5000$ = 0.03 or 3%

Therefore, if you were wrong 34 times in a row taking the max loss each time....you lose your entire 5000$ principle.

Is that still bad LhDT?? (yes I know any loss is bad...but they will happen)

Almost every book I have read says that a 2% or 3% of balance is acceptable risk and that is where I developed ARS.

You stated you trade only 0.5% risk level..however, for accounts smaller than 3000$ that would be smaller than 0.10 lotsize which is the smallest my broker allows (using a 30 pip stoploss) so one of two things have to happen use a smaller stoploss less than 30 pip or find a new broker.

So now I am in confliction on what is acceptable risk.....

That is where I think Symphonie's track record of making the right call on order direktion comes into play. I have had over the past 12 month a Symphonie accuracy of 70%% right call, a 16% bad call (loss*) and 12% (loss*) my screw ups....(on average) some how I lost 2%...

(* - I am view a loss where stoploss if hit on moves less than 20 pips so I am include +1 profit on 10 pips dynamic stoploss moves. So if price action moves less than 20 pips after signal I am consider a loss trade)

So for the sake of simplicity....7 out of 10 times Symphonie is right and I make pips.

At RISK = REWARD 1:1

at 3% risk 7 out of 10 times (70%) the max loss would be (3) 450$ if they were fill stoploss hits (on a 5000$ balance with ARS of 0.5 lotsize)

If you calculate I make 30 pips on the other 7 that would be 1050$ or a net gain of 600$. (I am use 30 pips just because it is the opposite of a full 30 pip loss) RISK = REWARD 1:1

1050$ profit - 450$ loss = 600$ net profit

Therefore, until Symphonie accuracy drops below 50% I am still make pips and add to my account balance.

At RISK = REWARD 1:2

at 3% risk 7 out of 10 times (70%) the max loss would be (3) 450$ if they were fill stoploss hits (on a 5000$ balance with ARS of 0.5 lotsize)

If you calculate I make 60 pips on the other 7 that would be 2100$ or a net gain of 1650$. (I am use 60 pips just because it is twice the risk of a full 30 pip loss)

2100$ - 405$ = 1650$ net profit

At that level of ratio; Symphonie must be right 23% of the time to breakeven...(I loose as much as I make)


SO, now it comes down to a question of personal risk tolerence and confidence in ones trading ability. I am not argue for or against using a smaller lotsize when trading. I am only stating that trading the Symphonie Trade Strategy is stating the MAXIMUM risk one should take it the ARS number and NOT ANY LARGER!!!..... If you are new and unfamiliar to this system you should use smaller lotsize than the max ARS number each time...!

I would agree with LdHT and say NO! Trade smaller lots and use a lower risk value.

Quote
''without a strict money management, you're dead. As simple as that.''
I 100% agree with LdHT ,it is insane for someone to trade without a money management plan/guideline/strategy. Do it without one and you are most definitely DEAD!

The Symphonie Money Management guidelines are ones that I created and use everyday and it is designed to keep you within limits and prevent over exposure and margin calls....it sets limits and one should always work inside those limits....(i.e. lower lotsizes) I setup Symphonie money management to help the trader understand and develop your own system. Using mine may not fit your risk tolerence levels and it is important for each trader to DEVELOP THEIR OWN to keep one trading with confidence.

What should you do?

I suggest you get out an excel spreadsheet or paper and pen and work that one out for yourself because only you can guage your risk tolerence...

Evaluator.:nerd:

P.S. LHDT_MM.ex4 (9.0 KB, 4 views) is a GREAT TOOL!
Quoting lhDT
Just my two cents. Don't risk 5% it is just totally insane ! Continue like this a be sure to blow your account very soon.
Markets has been cooperative since the beginning of the year but when a consilidation period will come, it will hurt your balance very very hard.
Imagine 5% risk, 5 or 6 loosers in a row, you will loose 30%.

Risk maximum 1% per trade and add all the way in the trend at retarce lvls.
Make money in trending environnement, be greedy, keep your losses small.

Are your really confident with a 5% risk ?? I'm...
Hi!

LhDt,

You are taking me wrong I risk 5% but it is very much safe in my opinion and I don't sit in front of the computer screen at all and all my trades are perfectly analyzed and I enter all trades with Pending orders and places take profit appropriate so that I can atleast catch around 75% move of the trend.

I know 5% is large but I think it is quite safe, I just want to give my trades enough room to grow, as I am trading on H4 timeframe I cannot give my trade a 30 pips stoploss I have to give atleast a 100 pips stoploss.

And, if I will risk only 2-3% then with a $1000 account I will have to trade with 0.01 or 0.02 lot size and I think this too small and also When it is trending strong in H4 timeframe then the pair doesn't turns back sharp and if it even turns a +50 pips then it will be enough for me to consider that I have taken a wrong trade and I can easily come out of that trade so lossing only around 2.5%.

My account size is $1000 and I trades with 0.05 lot size i.e $0.50 per pip and I tends to put a stoploss of around 100 pips.

And, if you think that this is setup is risky and with this setup I can blow my account, if yes then please give some good advice so that I can risk less and earn sensible profit. Being an H4 Trader I usually get Only 1 or 2 trades per week and I think it is not that risky trading style that you think.

And, Thanks for the suggestion and your money management tool is great for sure


mazprofx,:nerd:
Secret Lies in buy LOW sell HIGH concept keep working on it until u succeed
Quoting Evaluator
LhDT,

I totally agree. I must admit...I think my math has been off when I said 5% and my apologies to everyone.

I went back and checked my numbers (and math)

When one uses the Symphonie Method where you use ARS (see post #1) You are actually putting 3% at risk per trade not 5%....Here is where I calculate

Say you have a account of 5000$.....
your ARS number is 0.50 lot size
Max risk is 30 pips (i.e. your max stoploss)
At max risk you have the potential to lose 150$

So, 150$ / 5000$ = 0.03 or 3%

Therefore, if you were wrong...

HI!

Evaluator,

I know that one should not risk more than 2-3% per trade but I think this is for the ones who are putting a stoploss of 30-40 pips.

As, you know I trade on H4 Timeframe and executes only 1-2 trades per week and trading on H4 I have to put a +100 pips stoploss so if I risk 2-3% on per trade with $1000 as capital then my lot size would be 0.01 0r 0.02 i.e $0.10 or $ 0.20 per pip and I think that is too small therefore I likes to risk 5% though I will not let the trade hit my stoploss of 100 pips , I will get to know that my trade was completely wrong if the trade moves against me a +50 pips and I can freely then close that trade giving me only a 2.5% loss.

But, to give my trade enough room to grow I prefer to put a +100 pips stoploss. And, with $1000 capital I trades with 0.05 lot size i.e. $0.50 per pip, and I think it is conservative trading.

What's your opinion about this one?

mazprofx,:nerd:
Secret Lies in buy LOW sell HIGH concept keep working on it until u succeed
Quoting mazprofx
Hi!

LhDt,

You are taking me wrong I risk 5% but it is very much safe in my opinion and I don't sit in front of the computer screen at all and all my trades are perfectly analyzed and I enter all trades with Pending orders and places take profit appropriate so that I can atleast catch around 75% move of the trend.

I know 5% is large but I think it is quite safe, I just want to give my trades enough room to grow. And, I am a college going student so I trade on H4 Timeframe and I m...

mazprofx,

Based on a 1000$ account...... I 100% agree with LdHT....you are taking to many risk and opening yourself up to a greater loss and margin call very soon!

Based on ARS THE MAXIMUM lotsize you should trade is 0.1 lotsize and no larger! If you are trading larger than that then you are not trading the Symphonie Trader System and opening yourself up to huge losses and the potential to loss of all your principle.

If that is the risk tolerence you can stand then that is you decision but I highly suggest prudence because you are risking 15% of your entire trading account not 5% with each 0.5 lotsize trade you make using a 30pip stoploss. That my friend...to me....it totally unacceptable. (for me)

Trade the way you wish but you are setting yourself up for a margin call real soon in my opinion.

Evaluator.:nerd:
Quoting mazprofx
HI!

What's your opinion about this one?
mazprofx,

My opinion is that you should follow ARS..... A 100 pip stoploss for me is also unacceptable even on 4h. On 1h and 4h; I would use not larger than 50 pips so you would take 1/2 the ARS number as your maximum lotsize. Daily charts...then yes 100 pip stoploss would be a rational stoploss but even then I would only use 1/4 of the ARS number. The larger your stoploss the lower the lotsize should be.

Evaluator.:nerd:
Quoting Evaluator
mazprofx,

Based on a 1000$ account...... I 100% agree with LdHT....you are taking to many risk and opening yourself up to a greater loss and margin call very soon!

Based on ARS THE MAXIMUM lotsize you should trade is 0.1 lotsize and no larger! If you are trading larger than that then you are not trading the Symphonie Trader System and opening yourself up to huge losses and the potential to loss of all your principle.

If that is the risk tolerence you can stand then that is you decision but I highly suggest prudence because you are risking 15%...
Hi!

Evaluator,

You and Lhdt are taking me wrong I trades with a lot size of 0.05 and not 0.50 lot size.
I told that I risk 5% per trade because I m trading on a higher timeframe H4 and I have to put a stoploss of about +100 pips.

i.e with 0.05 lot size = $0.50 per pip and with 100 pips stoploss it is around $50.

Though I will never wait for the stoploss to hit and I can figure out that i have taken a wrong trade if it goes against me a 50 pips and at this time I can close my trade with a total loss of 2.5%.

I am giving a +100 pips stoploss just to give my trade enough room to perform and being a H4 timeframe trader I usually executes 1-2 trades/week.

Hope you got it, I am not breaking any rules and I am trading quite conservatively.


mazprofx,:nerd:
Secret Lies in buy LOW sell HIGH concept keep working on it until u succeed
Quoting mazprofx
Hi!

Evaluator,

You and Lhdt are taking me wrong I trades with a lot size of 0.05 and not 0.50 lot size.
I told that I risk 5% per trade because I m trading on a higher timeframe H4 and I have to put a stoploss of about +100 pips.

i.e with 0.05 lot size = $0.50 per pip and with 100 pips stoploss it is around $50.

Though I will never wait for the stoploss to hit and I can figure out that i have taken a wrong trade if it goes against me a 50 pips and at this...

mazprofx,

My apologies I saw 0.50 lotsize and when I did quick calculation that is 150$ full stoploss hit or 15% of a 1000$ account.....OUCH!

0.05 lotsize on 30 pip stoploss if 15$ or 1.5% which is very conservative. At 60 pip stoploss then you are at 3% and at 100 pips stoploss that is a 50$ or 5% which I would still advise against because it is breaking the ARS rules.

I would again agree with LdHT on this one and recommend smaller lotsize or lowering your stoploss. I would think that 50 pips on 4H should work just fine but suggest you demo dollar test it.

Think about it a string of five 5% losses and you have lost 25% of your entire account. Not that it will happen but it is possible. If you are comfortable with that level of risk then best of luck....

As you account balance growth you need to start thinking about how much you are really risking....now while your account balance is small it does not seem like much but you are really gambling more than you think because as your account balance grows you will become more confident and more of a gambler and it increases ones tendencies to gamble more....(I made this much just think of how much more I can make if I gamble alittle more...that mind set will begin to creep in and take over) That is your enemy...it is called GREED...it will happen because it happens to everyone....trust me he will visit you very soon.

I prefer to use ARS but in the end the lotsize and stoploss size is really your decision.

Best of Luck..

Evaluator.:nerd:
Quoting Evaluator
mazprofx,

My opinion is that you should follow ARS..... A 100 pip stoploss for me is also unacceptable even on 4h. On 1h and 4h; I would use not larger than 50 pips so you would take 1/2 the ARS number as your maximum lotsize. Daily charts...then yes 100 pip stoploss would be a rational stoploss but even then I would only use 1/4 of the ARS number. The larger your stoploss the lower the lotsize should be.

Evaluator.:nerd:
Eval,


Ya, That's the way I am trading for H4 timeframe I am taking the 1/2 the ARS number and a 100 pips stoploss when I opens a trade.

And, When My trade moves to a +25 pips then I my stoploss changes to 50 pips and when my trade is in +50 pips then my stoploss moves to breakeven +1.

Is this trading style ok!!

Though, I will analyze my trading and see to it that does a 50 pips stoploss works for me.
Secret Lies in buy LOW sell HIGH concept keep working on it until u succeed
Quoting mazprofx
Eval,


Ya, That's the way I am trading for H4 timeframe I am taking the 1/2 the ARS number and a 100 pips stoploss when I opens a trade.

And, When My trade moves to a +25 pips then I my stoploss changes to 50 pips and when my trade is in +50 pips then my stoploss moves to breakeven +1.

Is...
mazprofx,

Again, my opinion...see

 

  1. Post# 16,252

Evaluator.:nerd:

Quoting Evaluator
mazprofx,

Again, my opinion...see

 

  1. Post# 16,252

Evaluator.:nerd:

Just saw your reply, and I think that i was giving more than needed space to my trades and when I looked back at my charts I saw that in a strong trend none of the trades reversed back to more than 30 pips.

Thus, I think you are right I should place my stoploss at a maximum of 50 pips.

And, with this with 0.05 lot size i will risk around 2.5% of my total capital.

Thanks,
Secret Lies in buy LOW sell HIGH concept keep working on it until u succeed
Quoting mazprofx
Hi!

Eval,

Will you suggest me a right trading style to trade forex, as I am a college going student and I can't trade the

first half of london session Though I am available to trading at the start of US session can I make enough pips

just by trading US session only.

If Yes, Then I can change my trading style to a smaller timeframe such as M5 or M15.


mazprofx,:nerd:
mazprofx,

Can you make 10 pips a day in net profit? I think at USA open you can....

If so, then you have the ground for following the Symphonie Account Growth plan (see post#1)

Simply make 10 pips a day and then you are done until tomorrow...if you make 50 pips in one day you are done for the week....

Look at it this way.

1000$ balance

0.10 ARS number....you make 10 pips equals 10$ or 1% at the end of the week you make 5% net growth.


Now, here is where the power of ratios come into play....as you reach 1500$ it becomes 15$ or 75$, 2000$ is 100$ for the week....5000$ is 250$ each week.....

However, what have you changed? Nothing you are still using the same ARS ratio and the same 10 pips of net each day but your account balance begin to grow faster and faster....why? because your ARS number begins to grow as your account balance increases but the level of risk remains the same.That is the key.

Maintain a constant and steady net growth rate.. sure it may take 5 trades to make 10 pips or it may only take 1 but as long as you make 10 pips net at the end of the day you are on schedule. If you want to make more then fine but the key is to never fall behind the daily net of 10 pips a day.

(correction:...that is unrealistic and I am wrong.....because some days you will make less than 10 pips or even loss more for the day....so the key is to make sure you make 50 pips at end of each week (net) that I think is realistic).

Again somedays it is just to easy...other days it seems impossible but keep to the steady growth and you will find that the amount of time you are put in is actually less than you think. You can accomplish this in only 1 time session EUROPE, USA, ASIAN, MIDDLEAST...it just depends on your learned skill level, consistancy to keep to the rules, confidence, and trust in a proven system that works.


Evaluator.:nerd:
A different perspective for your consideration.

We are fond of saying things like, "I get 10 pips a day." or "3% is an acceptable risk" or "1:1 is the minimum win/loss ratio acceptable". For the discussion below, we need to include probability. When you do, you can see that a 1:1 risk/reward with equal probability is not remotely acceptable. If you trade only these, you will lose your money 100% of the time.


You can convince yourself of this pretty quickly tossing a coin with two different sides and seeing which side lands up. (I like US quarters.) Consider these scenarios:

1. You bet all your money on a single toss. Pretty easy to see that the chance of losing your money is 50/50. If you continue, you can see that any loss wipes out your account.
2. You bet 1/2 your money on each toss, and it gets a little trickier. It now takes two consecutive losses to lose all your money.
3. ...and so on.


Ok, this is simplistic, but it does teach a few things easily:

1. There is ALWAYS a chance that you will lose all your money no matter how good trade(s).
2. Money management is critical.
3. Any edge you have that takes your chance of a successful trade above 50% drastically alters this.


Let's return to the 1%/trade rule. It seems reasonable, but you now know that it takes 100 trades to lose your money. What is the chance? The math is 1/2^100 = <a really small number>. By the way, the converse is also true and your chances of winning 100 trades at 1:1 is <a really small number>. The bind is that you can only lose once, and you're out of money. Worse, once you start to lose, your chances of losing all your money increase exponentially because the significance of each additional loss is a bigger piece of the money in your account. Empirically, just look at all the people trading that lose all their money or are in the process of losing all their money, and you can see this playing out in front of you. So, why doesn't it take people a really long time to lose their money?



For mazprofx, I'll get to the point. From the above, you can see you would start out rich and end up penniless without it. You need an edge. More challenging, you need your edge. Your edge are you rules, system, style, or whatever you wish to call what you bring to your trading. To answer the question at the end of the previous paragraph, keeping your edge takes discipline. You want to see that your system delivers X pips/day on average over a very long time because that shows you truly have an edge.


So, put in your time, trade by your rules. Remember that probability is there behind everything. When you feel like breaking those rules, here's a way to see the impact of a bad trade. Flip the coin but ever 10th (or whatever) flip, count it as an automatic loss. Even if you're up in 100 flips, you will quickly see that you automatically lost an amount equal to your account. Bad trades, trades not according to your rules, hurt big.


A few last notes:
1. If you start with 1000 of your currency, you can retire in 5 years on 10 pips/day.
2. You're studying for some profession for thousands of hours. Trading is a profession. Expect it to take study.
3. Keep a log.
4. Develop discipline and patience. Both will reward you well and make your life more pleasant.


It is worth noting that you can get a pretty good idea of your Risk of Ruin (i.e. losing all your money) if you do trade over a long period. There are lots of formulae on the web. In partcular, a guy named Huygens was smart on the coins.


Happy trading!
I've just read the reply and indeed on a small account trading higher timframe you need to higher your risk simple because your broker min lot size will be to high to strictly follow your risk %.

I personally risk 0.5% probably because my acount is much larger than 1000$ and the return I got is really comfortable with the risk I take. Honnestly, I do not care loosing 0.5% and my fear is set to a minimum which is really important.

Retail traders are right more than 80% of the time ! And retails traders keep their account alive only 20% (means 80% are negative).
Bet why ? Money management (and loss size higher than profitable trades) !

The purpose of my first reply is to get all your attention to have an extremely strict money management no matter the strategy you use.
I've seen tons of traders blowing their live account too many times and too fast.

Cheers,
LhDT.
#### Follow me at @LioH_ on Twitter ... ####
Quoting lhDT
I've just read the reply and indeed on a small account trading higher timframe you need to higher your risk simple because your broker min lot size will be to high to strictly follow your risk %.

I personally risk 0.5% probably because my acount is much larger than 1000$ and the return I got is really comfortable with the risk I take. Honnestly, I do not care loosing 0.5% and my fear is set to a minimum which is really important.

Retail traders are right more than 80% of the time ! And retails traders keep their account alive only 20%...

Another great post LdHT! I agree with you 100%

Evaluator.:nerd:
Hi guys,

I Think the symphonies 5m works wonders. However due to personal commitments I can't be trading full-time. I am looking to go higher 4h would be ideal but i can go down to 1h. Is there anyone who is using these TFs for their active trading? I would be very grateful if you please share your thoughts of how good the system is on theses higher TFs. Please don't misunderstand me, I have a lot of respect for the work done here and symphonies system. I would use it in a flash for 5m time frames.

Thanks
Quoting kashTrader
Hi guys,

I Think the symphonies 5m works wonders. However due to personal commitments I can't be trading full-time. I am looking to go higher 4h would be ideal but i can go down to 1h. Is there anyone who is using these TFs for their active trading? I would be very grateful if you please share your thoughts of how good the system is on theses higher TFs. Please don't misunderstand me, I have a lot of respect for the work done here and symphonies system. I would use it in a flash for 5m time frames.

Thanks
I haven't traded symphony, but im planning on trading 2 hours a day on gbpjpy 1 minute, 5 minute frames. Thats another option if you dont have alot of time, since gbpjpy moves a nice bit at pretty much every hour.
1 trader viewing now