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Symphonie Trader System

  • #481
  • Sep 29, 2011 12:07am Sep 29, 2011 12:07am
Quoting Evaluator
realjumper....

Then change your exit strategy and use Exit Strategy (2) and not Exit Strategy (1) next order. (see post#1)

eval.
Yes, that's one way of doing it for sure. My 'live trading' focuses on pivots, s/r levels and fibs. I would have been looking to R1 for exit with my 'live' trade, and that would have worked great here too.

I didn't take this trade 'live' though because it's against my trading rules...lol.

This is all very interesting and the trades this week so far are 7 wins and 2 losses. Total net pips = +412 so far
Doing what you like is Freedom. Liking what you do is Happiness.
  • #482
  • Sep 29, 2011 12:07am Sep 29, 2011 12:07am
Quoting altoronto
As Jusiur already said, "no repaint".
altoronto

Ok. Thanks. I have not noticed the original Trendline indicator repaint at all.

Has anyone seen the original trendline idicator repaint? I have seen the cycle indicator repaint and the Bull-Bear (only once) repaint. But I have yet to see the trendline indicator repaint.

Again, thanks for the new indicator but I think I will stick with the original I posted on post#1. (not trying to sound snotty just being honest)

eval.
  • #483
  • Sep 29, 2011 12:11am Sep 29, 2011 12:11am
Quoting realjumper
Yes, that's one way of doing it for sure. My 'live trading' focuses on pivots, s/r levels and fibs. I would have been looking to R1 for exit with my 'live' trade, and that would have worked great here too.

I didn't take this trade 'live' though because it's against my trading rules...lol.

This is all very interesting and the trades this week so far are 7 wins and 2 losses. Total net pips = +412 so far

realjumper,

I think you will be interested in seeing my Account Statics Report that I will post this Friday (close of market) and compaire it to the one I posted last Friday. (post #145 )

eval.
  • #484
  • Sep 29, 2011 12:12am Sep 29, 2011 12:12am
My trigger finger gets very itchy when i achieve greater than 2:1 return, and i don't think that is bad as a principle.

Markets don't usually run after all, they usually range.
Enter Signature
  • #485
  • Sep 29, 2011 12:15am Sep 29, 2011 12:15am
Ok. the 1 hour has now officially shows a BUY signal which throws everything off for me.. hmmm.....this could go much higher.

then again it could show a quick extreme spike which would put in inline with what I originally think which is this is a Head and Shoulders we are seeing. (again see 1 hour chart)
  • #486
  • Sep 29, 2011 12:16am Sep 29, 2011 12:16am
this is the chart ...


Quoting iqyu5an
Hi Elevator...

Am collaborating your strategy with my fibo line....so far it works ....

at the moment.... for GU, the PA visit over bought area based on Fibbing... now am waiting your system to say short ....

let see .....

thank for sharing
Attached Image (click to enlarge)
Click to Enlarge Name: m15.gif Size: 22 KB
not euphoria follower
  • #487
  • Sep 29, 2011 12:20am Sep 29, 2011 12:20am
Quoting iqyu5an
this is the chart ...
That's cool! I see you have an extreme spike that means a top is forming....get ready to SELL SELL SELL:....

Inserted Video
  • #488
  • Sep 29, 2011 12:29am Sep 29, 2011 12:29am
Quoting Sarythsaya
My trigger finger gets very itchy when i achieve greater than 2:1 return, and i don't think that is bad as a principle.

Markets don't usually run after all, they usually range.
Sarythsaya,

I outlined 3 different exit strategies if you want to use one of them. If not, that is ok. Do as you feel most comfortable.

If not you may want to try this for the itch.
(it stops it fast)

eval.

Inserted Video
  • #489
  • Sep 29, 2011 12:34am Sep 29, 2011 12:34am
as you said earlier.... all the indi have to say "the same direction" first. so even this is sell area....... i am just waiting

your system is filtering my emotion
Quoting Evaluator
That's cool! I see you have an extreme spike that means a top is forming....get ready to SELL SELL SELL:....

http://www.youtube.com/watch?v=S8H2FIf1oH4
not euphoria follower
  • #490
  • Sep 29, 2011 12:38am Sep 29, 2011 12:38am
Quoting iqyu5an
as you said earlier.... all the indi have to say "the same direction" first. so even this is sell area....... i am just waiting

your system is filtering my emotion

>You got it....that's the system. Just follow the rules and apply sound money management and you are on your way!
  • #491
  • Sep 29, 2011 12:53am Sep 29, 2011 12:53am
Well done on all the green pips guys!! - nice to see the Asian session with some life in it.
Your Attitude Determines Your Altitude
  • #492
  • Sep 29, 2011 1:02am Sep 29, 2011 1:02am
My gut tells me that we will see nothing but mindless back and forth consolidation for the next90 min until the German Unemployments figures come out.

I think we will see the markets take a nap until the major news event.

Market Event Schedule

03:55 EST

LIVE

http://www.dailyfx.com/design/fxcm/i...2/flag-eur.png EUR German Unemployment Change (SEP) High
-8K -8K

03:55 EST

LIVE

http://www.dailyfx.com/design/fxcm/i...2/flag-eur.png EUR German Unemployment Rate (SEP) Medium
7.0% 7.0%
  • #493
  • Edited 3:19am Sep 29, 2011 1:57am | Edited 3:19am
SELL Signal

SELL order initiated @1.36043 50 pip stoploss. Exit Strategy (2)
(While my Gut tells me to wait on event risk to pass, I will obey the system rules and take the order as indicated)

FINAL UPDATE:
Event News was better than expected causing price action spike hitting Stoploss. Loss of 50 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: SEFC Cycle Screen 43.jpg Size: 148 KB
  • #494
  • Sep 29, 2011 2:07am Sep 29, 2011 2:07am
Good Morning guys!

Nice to see that everybody works hard on this strategy! Lets make developed this one to a cash-cow
  • #495
  • Sep 29, 2011 2:14am Sep 29, 2011 2:14am
Quoting Evaluator
(While my Gut tells me to wait on event risk to pass, I will obey the system rules and take the order as indicated)
In my humble opinion your intuition (gut) is never wrong, it's the oldest indicator you have
Your Attitude Determines Your Altitude
  • #496
  • Sep 29, 2011 2:18am Sep 29, 2011 2:18am
Quoting Evaluator
SELL Signal

SELL order initiated @1.36043 50 pip stoploss. Exit Strategy (2)
(While my Gut tells me to wait on event risk to pass, I will obey the system rules and take the order as indicated)
Will soon get a BUY signal instead no ?
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2011-09-29 at 09.17.25.jpg Size: 98 KB
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  • #497
  • Sep 29, 2011 2:18am Sep 29, 2011 2:18am
Quoting forexnutter
In my humble opinion your intuition (gut) is never wrong, it's the oldest indicator you have
Yes. I agree. But since I started this project the system has proven itself pretty accurate. However, I think that Germany will vote for EFSF (euro positive) and then the German Employment numbers will come out soft and will be (euro negative) therefore, each will counter balance the other. Then it will come down to fundimentals which all say the Euro is going down.

Just my 2c.

(whether it hits my stoploss only God knows)
  • #498
  • Sep 29, 2011 2:22am Sep 29, 2011 2:22am
Quoting lhDT
Will soon get a BUY signal instead no ?
We have an extreme spike indicating top plus all 4 indicators show down. We have to have an extreme down before we can get a pointer to BUY. Therefore we have to go down before we can go up.
  • #499
  • Sep 29, 2011 2:23am Sep 29, 2011 2:23am
Quoting Evaluator
Yes. I agree. But since I started this project the system has proven itself pretty accurate. However, I think that Germany will vote for EFSF (euro positive) and then the German Employment numbers will come out soft and will be (euro negative) therefore, each will counter balance the other. Then it will come down to fundimentals which all say the Euro is going down.

Just my 2c.

(whether it hits my stoploss only God knows)
Yep - I just play the cards as they are dealt and I'm in the trade also & the GU, EJ &AU
Your Attitude Determines Your Altitude
  • #500
  • Sep 29, 2011 2:56am Sep 29, 2011 2:56am
A couple of questions for you Eval.

1. You set a strick 50 pip stoploss so do you stay in the trade even if the trend line and other indicators has changed colour and you have had an extreme spike before your hit your stoploss?

2. Why 50 pips?
Your Attitude Determines Your Altitude
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