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Symphonie Trader System

  • #401
  • Sep 28, 2011 3:07am Sep 28, 2011 3:07am
Quoting Evaluator
UPDATE..
ooooooooo... it just blew through 61.8 fib this could be a full retracement 100% to 1.36700!
<Maybe not....hit the 78.6 fib like a ball hitting a wall....bonk!
  • #402
  • Sep 28, 2011 3:08am Sep 28, 2011 3:08am
According to EW the bottom is 1.33310
  • #403
  • Sep 28, 2011 3:09am Sep 28, 2011 3:09am
Quoting realjumper
Triggerlines have turned.....extreme spike established......engulfing bear candle....exit for +68
nice exit mate
  • #404
  • Sep 28, 2011 3:10am Sep 28, 2011 3:10am
Quoting realjumper
Triggerlines have turned.....extreme spike established......engulfing bear candle....exit for +68

realjumper...

NICE CALL!
  • #405
  • Sep 28, 2011 3:12am Sep 28, 2011 3:12am
realjumper.

Question:

Using triggerline where would you enter a sell? or do you wait on trendline and other 3 indicators?

eval.
  • #406
  • Sep 28, 2011 3:14am Sep 28, 2011 3:14am
Thanks bullzeye and Eval. This system is certainly proving to be worthwhile so far. My biggest problem, which is just me, is learning, or rather unlearning my own conventional exit criteria. Having said that, I will keep going this week and I will open a small live account next week and try this out for real and see how I go. I'l just have to try and ignore my own exit method (to some extent) and wait for that extreme spike.

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
  • #407
  • Sep 28, 2011 3:19am Sep 28, 2011 3:19am
Quoting Evaluator
realjumper.

Question:

Using triggerline where would you enter a sell? or do you wait on trendline and other 3 indicators?

eval.
Do you mean to enter a sell right after closing that buy a moment ago? If so, I would wait for all the ducks to line up again before I pulled the sell trigger.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #408
  • Sep 28, 2011 3:20am Sep 28, 2011 3:20am
Quoting realjumper
Thanks bullzeye and Eval. This system is certainly proving to be worthwhile so far. My biggest problem, which is just me, is learning, or rather unlearning my own conventional exit criteria. Having said that, I will keep going this week and I will open a small live account next week and try this out for real and see how I go. I'l just have to try and ignore my own exit method (to some extent) and wait for that extreme spike.

RJ
It appears a good exit strategy is to watch for Extreme Marker. At the Extreme Spike signal then begin looking for Triggerline cross and exit at that cross. Then let the system tell you when to enter next trade. That is the way I see it.

eval.
  • #409
  • Sep 28, 2011 3:26am Sep 28, 2011 3:26am
Quoting Evaluator
It appears a good exit strategy is to watch for Extreme Marker. At the Extreme Spike signal then begin looking for Triggerline cross and exit at that cross. Then let the system tell you when to enter next trade. That is the way I see it.

eval.
Yep, I agree. I am going to get myself into the habit of refreshing the chart every couple of minutes when the extreme spike appears because upon refresh it often disappears. If it stays there after 2 or 3 refreshes, then it's probably time to check Triggerlines and other stuff to see whether an exit is imminent.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #410
  • Sep 28, 2011 3:29am Sep 28, 2011 3:29am
Quoting Evaluator
realjumper.

Question:

Using triggerline where would you enter a sell? or do you wait on trendline and other 3 indicators?

eval.
Here is an example. 3 of the 4 original indicators show red (sell) and triggerline shows red line that are apart. But the trendline (last of original indicators) still shows Blue which in my book is a hold on any order.

Would you already have made a SELL order using triggerline?? If so, where?? (please mark on graph attached)
Attached Image (click to enlarge)
Click to Enlarge Name: SEFC Cycle Screen 36.jpg Size: 146 KB
  • #411
  • Sep 28, 2011 3:35am Sep 28, 2011 3:35am
Quoting Evaluator
Here is an example. 3 of the 4 original indicators show red (sell) and triggerline shows red line that are apart. But the trendline (last of original indicators) still shows Blue which in my book is a hold on any order.

Would you already have made a SELL order using triggerline??
Probably not. After a move up such as we have just seen, it's quite apparent that the bulls have control at the moment. Having just pocketed 68 pips I wouldn't be keen to jump straight into a counter trade. If the counter trade worked and I missed it, so be it.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #412
  • Sep 28, 2011 3:36am Sep 28, 2011 3:36am
Quoting bullzeye
Good Morning People!

It seems it has no sense to trade the system before London open
No problem with that, I start at 7:00, one hour prior the bund opening.
  • #413
  • Sep 28, 2011 3:39am Sep 28, 2011 3:39am
Quoting realjumper
Probably not. After a move up such as we have just seen, it's quite apparent that the bulls have control at the moment. Having just pocketed 68 pips I wouldn't be keen to jump straight into a counter trade. If the counter trade worked and I missed it, so be it.

But the main trend is down this is just a bounce rally. (I can see that because this is an expanding wedge pattern) with a channel bottom of 1.32400. Additionally, we must go that low because we need to complete an ABC triangle before it can go higher. (via Elliott)

This one is headed down.

P.S. look at 1 hour.

Can you show me on the graph where you would use triggerline to assist in order entry point?
  • #414
  • Sep 28, 2011 3:48am Sep 28, 2011 3:48am
Quoting Evaluator
But the main trend is down this is just a bounce rally. (I can see that because this is an expanding wedge pattern) with a channel bottom of 1.32400. Additionally, we must go that low because we need to complete an ABC triangle before it can go higher. (via Elliott)

This one is headed down.

P.S. look at 1 hour.

Can you show me on the graph where you would use triggerline to assist in order entry point?
I agree that the overall trend is DOWN.....but....that doesn't become apparent until you look at the H4 chart. Smaller timeframe charts show their own trends as FLAT to UP. Because the true longer term trend is indeed DOWN, I wouldn't hold any BUY positions for very long....but then again, I am very much an Intraday trader so my main concern isn't hidden in the H4 charts!!

Attached is the 1 hour chart for you

Can you show me on the graph where you would use triggerline to assist in order entry point?

I'm not sure what you mean by this......perhaps you could ask in a different way?......it's getting late and my brain is slowing down!!
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 77 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #415
  • Sep 28, 2011 3:51am Sep 28, 2011 3:51am
Quoting realjumper
I agree that the overall trend is DOWN.....but....that doesn't become apparent until you look at the H4 chart. Smaller timeframe charts show their own trends as FLAT to UP. Because the true longer term trend is indeed DOWN, I wouldn't hold any BUY positions for very long....but then again, I am very much an Intraday trader so my main concern isn't hidden in the H4 charts!!

Attached is the 1 hour chart for you

Can you show me on the graph where you would use triggerline to assist in order entry point?

I'm not sure what you mean by...
realjumper,

Maybe this is better....How do you use Triggerline to enter a trade. Or do do you just use the system for order entry and Triggerline is just a guide for trend strength and order exit?

I am trying to understand Triggerline for order entry.

Thanks,

eval.
  • #416
  • Sep 28, 2011 4:00am Sep 28, 2011 4:00am
Quoting Evaluator
realjumper,

Maybe this is better....How do you use Triggerline to enter a trade. Or do do you just use the system for order entry and Triggerline is just a guide for trend strength and order exit?

I am trying to understand Triggerline for order entry.

Thanks,

eval.
Oh ok.....well.....if you have a look at this chart or in fact any of my recent entry charts, you can see the order of importance I place on the indies, from 1 to 4.......with 4 being the Triggerlines. If the other indies signal an entry, but Triggerlines has not changed to the required colour, then I will wait. If Triggerlines has changed to the required colour but is still not turned to the right direction, I will wait.

Once the main indies (1, 2 & 3) agree, I want to see Triggerlines agree in colour and direction before I will enter. An absolutely perfect Triggerline would be colour change, direction change AND line separation, but I'm willing to overlook line separation if everything else agrees.

Does that help?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #417
  • Sep 28, 2011 4:06am Sep 28, 2011 4:06am
Quoting realjumper
Oh ok.....well.....if you have a look at this chart or in fact any of my recent entry charts, you can see the order of importance I place on the indies, from 1 to 4.......with 4 being the Triggerlines. If the other indies signal an entry, but Triggerlines has not changed to the required colour, then I will wait. If Triggerlines has changed to the required colour but is still not turned to the right direction, I will wait.

Once the main indies (1, 2 & 3) agree, I want...

realjumper,

Ok. I find that triggerline is prone to get you in the trade when there is still too much whipsaw action and possibly a bad price worse than original trendline indicator. I was playing with it on the side and it could get you in prematurely (market action still not stable) when if waiting for the regular Trendline Indicator would tell you wait and get you in alittle later.

I am trying to determine a good middle ground strategy between the two to better define a good entry point versus being whipsawed to death or entering the trade late.

Maybe a combo strategy of the trendline and triggerline would be a good 4th and 5th indicator to the system???

eval.
  • #418
  • Sep 28, 2011 4:07am Sep 28, 2011 4:07am
EU
Attached Image (click to enlarge)
Click to Enlarge Name: goldminer5.gif Size: 25 KB
Enter Signature
  • #419
  • Sep 28, 2011 4:11am Sep 28, 2011 4:11am
Quoting Evaluator
realjumper,

Ok. I find that triggerline is prone to get you in the trade when there is still too much whipsaw action and possibly a bad price worse than original trendline indicator. I was playing with it on the side and it could get you in prematurely (market action still not stable) when if waiting for the regular Trendline Indicator would tell you wait and get you in alittle later.

I am trying to determine a good middle ground strategy between the two to better define a good entry point versus being whipsawed to death or entering the trade...
I don't think we'll ever get it perfect......false entries and subsequent losses are inevitable....that's why we use a SL!! For me, I like to look at the Stochastic (on a separate chart of the same time frame) to see whether or not the entry is likely to be a good one or not. Even then, false entries will still happen from time to time.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #420
  • Sep 28, 2011 4:16am Sep 28, 2011 4:16am
Quoting realjumper
I don't think we'll ever get it perfect......false entries and subsequent losses are inevitable....that's why we use a SL!! For me, I like to look at the Stochastic (on a separate chart of the same time frame) to see whether or not the entry is likely to be a good one or not. Even then, false entries will still happen from time to time.
realjumper,

You are right.

I agree no system will be perfect. But the engineer in me says....keep improving...keep improving....
''vee kannn mak besser!''

I still think if we can marry Trendline and Triggerline together somehow we can get a more reliable entry point when combined with other indicators.:nerd:

Eval.
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