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Symphonie Trader System

  • #801
  • Oct 4, 2011 1:06am Oct 4, 2011 1:06am
that's why we share here mate...

aniway yesterday... i promised to ev and other ( sorry forgot the name ) to write in doc how i trade and post here.

but it takes too difficult for me to write in formal way in document so i decide to write / post step by step how i trade. at least....... others can read major point / critical point what i think then implement it in their own way.... .

cheers
Quoting Seabreeze
Hi iqyu5an

In the past I have always been told to ignore fibs but ive got to say that you are starting to turn my thinking with the info you present to this thread.
not euphoria follower
  • #802
  • Oct 4, 2011 1:18am Oct 4, 2011 1:18am
am adjusting the fib from yesterday low to 553x .... to get hit and run target.

re targeting to 551x where 85 level located ( if we fib from yesterday low to 548x, we will find that 551x is located within bull area target also )


Quoting iqyu5an
i have assumption before that this area is "predicted bottom" ... but note that i am not sure also. prediction is prediction and drawing fibo is relative to time frame and time period.

So i have to test my assumtion :

1) i draw daily fib ( high to low of yesterday )
2) i see the PA breaching 15 level
3) 1H candle close above today's opening price

from what i see based on Candle and Fibo level.... "may be" she will go up.

Go up for what ?...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: step two b.gif Size: 21 KB
not euphoria follower
  • #803
  • Oct 4, 2011 1:32am Oct 4, 2011 1:32am
Hi Eval,

Thank you for your effort and time you have put in to help others in this forum.
My question to you is..when you made good profit using your system in 5 min charts last week..
Why did you change your strategy suddenly this week..

I mean why do we need to change something that worked wonderfully well...
  • #804
  • Oct 4, 2011 2:54am Oct 4, 2011 2:54am
Quoting iqyu5an
i am underwater for my last position but i did not close it.

reason ? this area is one of predicted bottom area if using thursday high to friday low fib. i have similar predicted bottom area if using friday high to friday low also ( even NOT SAME EXACTLY ). I am using term IF coz ... drawing fib is very subjective in my opinion.

iqyu5an,

You are correct. trying to pick a top or bottom in the market is like trying to catch falling razor blades and not get cut. It is almost impossible to do.

However if you can remember that the market is driven by the 4 elements (Extreme, Emotion, Sentiment, and Trend) this will help you to determine changes that are taking place in the market and while it will not be the exact bottom or top you should beable to take advantage and reap the profits form the bulk of the price action changes.

When I first started FX trading I was very naive thinking that if I read all I could on the market events I could just buy at the bottoms and sell at the tops.....After I blew my first account , then second account, then third,,,,then fifth; I said hey this is harder than I though and what am I doing wrong?

So its harder than you may think also.

eval.
  • #805
  • Oct 4, 2011 2:54am Oct 4, 2011 2:54am
Good Morning to ALL!!!
  • #806
  • Oct 4, 2011 3:08am Oct 4, 2011 3:08am
Quoting jwpdad
Eval,

Thanks for posting your system, I have been watching this thread and now am demo trading with your method. I downloaded everything today so I did get your updated symphonie indicators with your current settings. So yes, I did notice that the signal Bullzeye posted was not showing on my system, but did happen later when the trendline turned blue.

My question to you is this, is there a maximum number of candles you will look back to determine a valid entry? On my chart the trendline turned blue 40 bars after the most recent colored...
jwpdad,

Welcome and thank you for your complements.

Why are you just buying at the next blue candle? You need to re-read post one. That will show you when you should place and order. Basically, you only place an order when all the indicators agree and are pointing in the same direction. This is not a question of counting candlestick. It is a process of identifying changed in market conditions that facilitate price action moves. As I wrote, '' I have identified elements of the market that when they are guaged, it becomes a very powerful tool. These four forces at work in the marketplace are; Trend, Emotion, Sentiment, and Extreme and each one reinforces the other. The Symphonie Trader System works together like the components of a Symphonie.''

Once you understand that the FX market is moved not so much by technicals but by GREED and FEAR then you have reached the first stage of higher learning. Yes there are technical and mathimatical explianations for reasoning market moves but what causes these moves is simply GREED and FEAR. The 4 indicators look to better give feeling of when these two conditions are taking over a market move and you then can be the first one in for the market change moves.

It is not 100% accurate, NO system will ever be spot on all the time. But, this system will help you to identify these changes and profit from them.

So my advise is don't try to second guess the system or it will burn you with a loosing order. Just let it flow through you and interprete the signals and move with the changes. '' Use the Force Luke, Use the Force.Let it flow through you.'' to use an old movie line.

I hope that helps.

eval.
  • #807
  • Oct 4, 2011 3:09am Oct 4, 2011 3:09am
totally agree mate ...

but we should remember that price action made the indi or element ...

and the market is driven by market maker NOT by the element . sorry it's my imho only

as i said earlier ...your system control the emotion for my time - entry not for my price level ( again sorry....).

all is about MM. example : when u said SL by 50 pip .... assume for 0.1 lot. so when using 0.05 lot my SL could be 100 pip so we don't have change the parameter.

well aniway... overall my sentiment is bearish ... so if i took LONG .... keep in mind that there's no straight line in any trend

This is my first question here : does your system run well in fundamental, rumor etc ?

Quoting Evaluator
iqyu5an,

You are correct. trying to pick a top or bottom in the market is like trying to catch falling razor blades and not get cut. It is almost impossible to do.

However if you can remember that the market is driven by the 4 elements (Extreme, Emotion, Sentiment, and Trend) this will help you to determine changes that are taking place in the market and while it will not be the exact bottom or top you should beable to take advantage and reap the profits form the bulk of the price action changes.

When I first started FX trading I was...
not euphoria follower
  • #808
  • Oct 4, 2011 3:11am Oct 4, 2011 3:11am
Quoting Seabreeze
Hi iqyu5an

In the past I have always been told to ignore fibs but ive got to say that you are starting to turn my thinking with the info you present to this thread.

1.32400 was a fib for the bottom of the expanding wedge formation. Look at the price now...1.34624 so, fibs are good for market estimation but like I said...predicting exact tops and bottoms are like trying to catch falling razor blades....you are going to get cut!
  • #809
  • Oct 4, 2011 3:15am Oct 4, 2011 3:15am
Quoting Seabreeze
Hello Eval

I was wondering what news feeds you use to grt your info...

I use Forex factory and bloomberg. Can you recomend any other.
I watch it all....I have 4 monitors up and running and one is dedicated to just news releases with 4 window with bloomberg, reuters livenews ticker, Realtime Forex, and Twitter with just currency news releases following about 25 different twitter releases. (wallstreet journal, financial times, etc....)
  • #810
  • Oct 4, 2011 3:22am Oct 4, 2011 3:22am
Quoting vin.sin
Hi Eval,

Thank you for your effort and time you have put in to help others in this forum.
My question to you is..when you made good profit using your system in 5 min charts last week..
Why did you change your strategy suddenly this week..

I mean why do we need to change something that worked wonderfully well...

vin.sin,

Welcome, thank you for your questions and you are welcome.

answer:

I understand, why the F&%ß$§!! would you quit a winning streak in 5 min and change? It is simple, this system should work in any currency and in any timeframe. Everyone has been asking for higher timeframes and why am I only in 5 min.

So, I moved to 30 min to prove that this will work in another timeframe to prove it. That's all.

I must add that because of market moves 5 min. timeframe can become quite stressful as one must be at your station all the time. In the larger timeframes you have more of an order and then let it run for a longer period of time. In 5 min. things turn very quickly.

I hope that answers your question.

eval.
  • #811
  • Oct 4, 2011 3:23am Oct 4, 2011 3:23am
Quoting Evaluator
but like I said...predicting exact tops and bottoms are like trying to catch falling razor blades....you are going to get cut!
As Mark Douglas aptly puts it in Trading In The Zone.

1. Anything can happen.
2. You don't need to know what is going to happen next in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that define an edge.
4. An edge is nothing more than an indication of a higher probability of one thing happening over an other.
5. Every moment in the market is unique.

He obiviously explains these 5 fundamental truths in greater detail in his book.
Your Attitude Determines Your Altitude
  • #812
  • Oct 4, 2011 3:27am Oct 4, 2011 3:27am
Quoting iqyu5an
totally agree mate ...

but we should remember that price action made the indi or element ...

and the market is driven by market maker NOT by the element . sorry it's my imho only

as i said earlier ...your system control the emotion for my time - entry not for my price level ( again sorry....).

all is about MM. example : when u said SL by 50 pip .... assume for 0.1 lot. so when using 0.05 lot my SL could be 100 pip so we don't have change the parameter.

well aniway... overall [url="http://www.forexfactory.com/showthread.php?p=5004898#post5004898"]my...
OK then answer me this;

and what drives the market maker???......

ANSWER....GREED AND FEAR

Any what drives GREED and FEAR?

ANSWER...... Extreme, Emotion, Sentiment, and Trend.

I think you have it backwards....once you reverse where the 4 elements are the drivers of price action....... I think you become enlightened.

eval.
  • #813
  • Oct 4, 2011 3:29am Oct 4, 2011 3:29am
Quoting forexnutter
As Mark Douglas aptly puts it in Trading In The Zone.

1. Anything can happen.
2. You don't need to know what is going to happen next in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that define an edge.
4. An edge is nothing more than an indication of a higher probability of one thing happening over an other.
5. Every moment in the market is unique.

He obiviously explains these 5 fundamental truths in greater detail in his book.
forexnutter,

Great post!!! I agree 100%

eval.
  • #814
  • Oct 4, 2011 3:30am Oct 4, 2011 3:30am
MONEY in demand and supply term
Quoting Evaluator
OK then answer me this;

and what drives the market maker???......

ANSWER....GREED AND FEAR

Any what drives GREED and FEAR?

ANSWER...... Extreme, Emotion, Sentiment, and Trend.

I think you have it backwards....once you reverse where the 4 elements are the drivers of price action....... I think you become enlightened.

eval.
not euphoria follower
  • #815
  • Oct 4, 2011 3:37am Oct 4, 2011 3:37am
FYI
Possible Market Event News of the day.
Times in EU time (Paris & Berlin)

Oct 4
00:00 USD Fed's Lacker Speaks in Madison, Wisconsin Low
01:50 JPY Monetary Base (YoY) (SEP) Low 16.7%
15.9%
02:30 AUD Trade Balance (Australian dollar) (AUG) Medium 3100M 2000M 1817M
02:30 AUD Building Approvals (MoM) (AUG) Low 11.4% 1.0% 1.8%
02:30 AUD Building Approvals (YoY) (AUG) Low -5.5% -15.1% -14.3%
03:30 JPY Labor Cash Earnings (YoY) (AUG) Medium -0.6%
-0.2%
05:30LIAUD Reserve Bank of Australia Rate Decision (OCT 4) High 4.75% 4.75% 4.75%
07:30 AUD RBA Commodity Price Index (SEP) Low 115.4
113.3
07:30 AUD RBA Commodity Index SDR (YoY) (SEP) Low 26.6%
25.1%

10:30 http://www.dailyfx.com/design/fxcm/i...2/flag-gbp.png GBP Purchasing Manager Index Construction (SEP) Medium 50.1 51.6 52.6

11:00 http://www.dailyfx.com/design/fxcm/i...2/flag-eur.png EUR Euro-Zone Producer Price Index (MoM) (AUG) Medium
-0.2% 0.5%

11:00 http://www.dailyfx.com/design/fxcm/i...2/flag-eur.png EUR Euro-Zone Producer Price Index (YoY) (AUG) High
5.8% 6.1%

16:00 http://www.dailyfx.com/design/fxcm/i...2/flag-usd.png USD Fed Chairman Bernanke to Testify Before JEC High

16:00 http://www.dailyfx.com/design/fxcm/i...2/flag-usd.png USD Factory Orders (AUG) Medium
0.0% 2.4%
  • #816
  • Oct 4, 2011 3:42am Oct 4, 2011 3:42am
Here is my opinion on EURUSD.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 4 Oct 2011.png Size: 22 KB
  • #817
  • Oct 4, 2011 4:07am Oct 4, 2011 4:07am
That looks complicated for a newbie
  • #818
  • Oct 4, 2011 4:08am Oct 4, 2011 4:08am
Quoting Peteday
That looks complicated for a newbie
Major market bottoms and tops usually are complicated as the Bulls and Bears fight for control of price action.
  • #819
  • Oct 4, 2011 4:11am Oct 4, 2011 4:11am
complicated for anyone bro ( newbie...junior ...senior .... whoever )

Quoting Peteday
That looks complicated for a newbie
not euphoria follower
  • #820
  • Oct 4, 2011 4:16am Oct 4, 2011 4:16am
I just got a buy on eur/usd 5 min is that right Eval ?
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