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Symphonie Trader System

  • #21
  • Edited 11:10am Sep 20, 2011 10:41am | Edited 11:10am
Sell Entry point (all 4 indicators show red) in EURUSD on 5 min chart. 5 min. candlestick close @1.36887.

I have executed sell order at that price.
Attached Image
  • #22
  • Sep 20, 2011 12:41pm Sep 20, 2011 12:41pm
Hi
Thanks for share
Best regards
Julio Bento
  • #23
  • Sep 20, 2011 12:45pm Sep 20, 2011 12:45pm
Quoting jjibl
Hi
Thanks for share
Best regards
Julio Bento
You are most welcome.

The only way to learn is to share and have others provide feedback on what works and what does not. So, if you use this system, I ask only one favor...

Please provide feedback on what works best for you and more importantly....what does not work so we can all learn and tweek the system to make it better for all. Your screen shots are most welcome.

Ciao...
  • #24
  • Sep 20, 2011 12:50pm Sep 20, 2011 12:50pm
I must admit, although I just jumped in to try this method on M5, I later realized that as I switched between TimeFrames the signals changed position and I only had to wait and see what will happen eventually. All 5 trades were winners as I immediately placed TP and SL to be on the safe side. Can you kindly post your template/settings for the cycle Detector. Thanks all the same.
Attached Image (click to enlarge)
Click to Enlarge Name: test.gif Size: 31 KB
It takes the Mind to Make Money.............
  • #25
  • Sep 20, 2011 1:03pm Sep 20, 2011 1:03pm
Quoting Evaluator
Sell Entry point (all 4 indicators show red) in EURUSD on 5 min chart. 5 min. candlestick close @1.36887.

I have executed sell order at that price.

.......looks like a winner to me
  • #26
  • Sep 20, 2011 1:14pm Sep 20, 2011 1:14pm
Quoting starlimit03
I must admit, although I just jumped in to try this method on M5, I later realized that as I switched between TimeFrames the signals changed position and I only had to wait and see what will happen eventually. All 5 trades were winners as I immediately placed TP and SL to be on the safe side. Can you kindly post your template/settings for the cycle Detector. Thanks all the same.
starlimit03,

Congratulations! It is important to keep in the same timeframe and trade the system in that timeframe. As to the template if you see the first post all the indicators are posted there with the template I use.

I use the opposite extreme spike for the time to close my trade and keep a tight 50pip stoploss.

Thanks for the post and look to hear more from you soon.
  • #27
  • Sep 20, 2011 2:28pm Sep 20, 2011 2:28pm
Update on Trade.... I typed wrong on screenshot. When I say ''Buy Point'' I meant the point where I SOLD EURUSD. opps...

So Far So Good!
Attached Image (click to enlarge)
Click to Enlarge Name: SEFC Cycle Screen 6.jpg Size: 104 KB
  • #28
  • Sep 20, 2011 2:37pm Sep 20, 2011 2:37pm
Quoting Evaluator
Update on Trade.... I typed wrong on screenshot. When I say ''Buy Point'' I meant the point where I SOLD EURUSD. opps...

So Far So Good!

what is your exit signal?
  • #29
  • Sep 20, 2011 2:44pm Sep 20, 2011 2:44pm
Basically you are trading colour/trend change of SuperTrend indicator, right?
  • #30
  • Sep 20, 2011 3:08pm Sep 20, 2011 3:08pm
Quoting stricky1967
what is your exit signal?
Exit point is when cycle identifies an extreme (spike down that has blue stripe in it). That is where one would begin looking to buy the euro.
  • #31
  • Edited Sep 21, 2011 6:28am Sep 20, 2011 3:32pm | Edited Sep 21, 2011 6:28am
Volitile markets on news that Greece FInance Minister about to speak on what is happening in Greece. Could the news release blow my order and hit my stoploss? Very Possible....
30 pips away.

Update:
After 3.5 hours we are still in the trade. Stop Loss has not been hit.

Update (2):
After 14hours my stoploss (1.37335) was not hit but we got real close (1.37189). Then the price action reverse and I am in the green currently at 40plus pips and the bottom extreme has not been hit so we still have more room to drop. Hurrah!!!

FINAL UPDATE:

Bottom extreme (spike down with blue) was just hit which is exit marker. Closed sell order at 1.36569 for 48 pip PROFIT!
  • #32
  • Sep 20, 2011 7:58pm Sep 20, 2011 7:58pm
Quoting Evaluator
Hello,

I have been testing many indicators and programs to determine which combinations will work the best and most importantly which combinations are the most reliable especially in a whipsaw market like we are having today.

From all my studies and research I would like to put forth the following program for your evaluation and feedback. I call this program the

SEFC GoldSuperCycle Trading system
Thanks for sharing man!

-f4e-
  • #33
  • Sep 21, 2011 2:44am Sep 21, 2011 2:44am
Quoting Evaluator
Volitile markets on news that Greece FInance Minister about to speak on what is happening in Greece. Could the news release blow my order and hit my stoploss? Very Possible....
30 pips away.

Update:
After 3.5 hours we are still in the trade. Stop Loss has not been hit.

Hi, Are you out of this trade now
Attached Image (click to enlarge)
Click to Enlarge Name: eu21092011.jpg Size: 113 KB
  • #34
  • Sep 21, 2011 6:13am Sep 21, 2011 6:13am
Quoting stricky1967
Hi, Are you out of this trade now
stricky1967,

(entry price on sell order 1.36887)
No my stoploss of 50 pips was not hit (but came pretty darn close at 1.37189) and the price action has reversed. I am still in the trade currently with 40pip profit and still running. Once we get an extreme bottom I will exit the order.

Looks like the system has again proved itself!:nerd:
  • #35
  • Sep 21, 2011 6:19am Sep 21, 2011 6:19am
Quoting Evaluator
stricky1967,

(entry price on sell order 1.36887)
Once we get an extreme bottom I will exit the order.
What do you mean by an extreme bottom?
Your Attitude Determines Your Altitude
  • #36
  • Sep 21, 2011 6:25am Sep 21, 2011 6:25am
Here is a Graphical recap from when order opened to current status.
Attached Image (click to enlarge)
Click to Enlarge Name: SEFC Cycle Screen 7.jpg Size: 195 KB
  • #37
  • Edited 6:51am Sep 21, 2011 6:40am | Edited 6:51am
Quoting forexnutter
What do you mean by an extreme bottom?

Yes, please explain.

Your cycle identifier looks vastly different to mine, I have lots more spikes, please confirm the settings

First red vertical line trade entry, second first cycle bottom (exit) , third vertical line is the second cycle bottom (another exit)
Attached Image (click to enlarge)
Click to Enlarge Name: eu21092011.jpg Size: 168 KB
  • #38
  • Sep 21, 2011 6:56am Sep 21, 2011 6:56am
Quoting stricky1967
Yes, please explain.

Your cycle identifier looks vastly different to mine, I have lots more spikes, please confirm the settings

First red vertical line trade entry, second first cycle bottom (exit) , third vertical line is the second cycle bottom (another exit)
I also have lots of spikes
Attached Image (click to enlarge)
Click to Enlarge Name: eu21-09-11.gif Size: 22 KB
Your Attitude Determines Your Altitude
  • #39
  • Sep 21, 2011 7:07am Sep 21, 2011 7:07am
Quoting forexnutter
What do you mean by an extreme bottom?
An extreme spike is a colored spike where price action in the trend has reach an extreme point that indicates a change in direction maybe occuring. While it is an indication of a top or bottom to the trending pattern has been reach it should not be treated as an absolute until confirmation of the momentum and trend line indicators point in the same direction.

See graph for example of extreme points.
Attached Image (click to enlarge)
Click to Enlarge Name: SEFC Cycle Screen 8.jpg Size: 115 KB
  • #40
  • Sep 21, 2011 7:19am Sep 21, 2011 7:19am
Quoting altoronto
Basically you are trading colour/trend change of SuperTrend indicator, right?
No. it is a combination of 4 indicators where each indicator represents different segments of market price action. (trend, momentum (long and short), and sentiment).

Think of it as walking down the street. The Road is the trend, the wind is the momentum, the leaves swirling around is another form of sentiment, and the road intersection you reach is the extreme points.

Those 4 will determine which way the price action is headed (up or down).

I hope this is understandable to you if not, just ask more questions and I will try to answer as best I can.
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