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Symphonie Trader System

  • #1,341
  • Oct 12, 2011 6:24am Oct 12, 2011 6:24am
Most of you probably already know this, but in case anyone is struggling to see the colour of the trendline when it's covered by a candle... try switching to a bar chart or hold your mouse over the line and a value will pop-up. Value1 means it's blue (long) and Value2 means red (short).

PB
  • #1,342
  • Oct 12, 2011 6:59am Oct 12, 2011 6:59am
someone took the short trade on m5 on E/U?
  • #1,343
  • Oct 12, 2011 7:04am Oct 12, 2011 7:04am
My trend line is still blue
  • #1,344
  • Oct 12, 2011 7:05am Oct 12, 2011 7:05am
still watching trendline. 15 min has 3 indikator SELL but trendline still holding blue.....watching and waiting.
  • #1,345
  • Oct 12, 2011 7:26am Oct 12, 2011 7:26am
Trading M15 and waiting for trend line.

PB


Quoting bullzeye
someone took the short trade on m5 on E/U?
  • #1,346
  • Oct 12, 2011 7:53am Oct 12, 2011 7:53am
I think I would wait either for the H1 4 indicators to allign, in order to go short on the EURUSD, or if that doesn't happen while price drops to 1.3700 then I'll wait for confirmation of long and buy again with target 1.3880 to 1.3900. What do you guys think?
  • #1,347
  • Oct 12, 2011 7:56am Oct 12, 2011 7:56am
Im almost got long set up on m5 Eur/Usd
  • #1,348
  • Oct 12, 2011 8:01am Oct 12, 2011 8:01am
Nope PA stayed red
  • #1,349
  • Oct 12, 2011 8:47am Oct 12, 2011 8:47am
Hi, I did a long an hour ago when all 4 signals came again after a long move, however, this long move is shortlived, so does the shorts.

After the market has made more than 100pips move in a session, market will usually went into consolidation, is that right?

So, Eval based on your experience, my next question is how do we know when the consolidation end so that we can start trading trend again?

Btw, your strategy is fantastic! 1st time use it and gained more than 100pips today held from asian session to UK session. Wonderful combination. I add EMA50 to 5min TF so as to act as a visual filter to prevent enter at wrong direction. If PA close above EMA50 and all symphonie signals are blue, then I can safely go long and vice versa.

In your opinion, is EMA50 a good idea to add as a filter in 5min TF?
  • #1,350
  • Oct 12, 2011 8:57am Oct 12, 2011 8:57am
I've opened a short on eurusd, 5 m, at 1.3767, stop 50 pips. I think all conditions are ok
  • #1,351
  • Oct 12, 2011 9:09am Oct 12, 2011 9:09am
After a few minutes of my message, the indicators has changed his color, and the cycle indicator has marked a blue spike, so , what I can do here? Is better close the trade or not?
Attached Image (click to enlarge)
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  • #1,352
  • Oct 12, 2011 9:11am Oct 12, 2011 9:11am
Quoting bullzeye
someone took the short trade on m5 on E/U?
i sell and hit SL 30 pip
Attached Image (click to enlarge)
Click to Enlarge Name: tf 5 eu hn.gif Size: 33 KB
  • #1,353
  • Oct 12, 2011 9:19am Oct 12, 2011 9:19am
sell EURCH, SL 30pip
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 31 KB
  • #1,354
  • Oct 12, 2011 9:22am Oct 12, 2011 9:22am
Hi Evaluator

All four indicators line up, say sell as I am now eur/usd so you enter the trade then the trade goes against you, extreme cycle indicator turns blue then trend line turns blue, do you sit it out and wait to see if it hits 50 pip stop loss or close the trade,on the change of indicators?
Sorry if this has been asked before
  • #1,355
  • Oct 12, 2011 9:29am Oct 12, 2011 9:29am
Quoting logic38
Hi Evaluator

All four indicators line up, say sell as I am now eur/usd so you enter the trade then the trade goes against you, extreme cycle indicator turns blue then trend line turns blue, do you sit it out and wait to see if it hits 50 pip stop loss or close the trade,on the change of indicators?
Sorry if this has been asked before
no system perfect 100%, so u should SL at one. in your case, u should out of trade.
  • #1,356
  • Oct 12, 2011 9:33am Oct 12, 2011 9:33am
Quoting sneid
Hi, I did a long an hour ago when all 4 signals came again after a long move, however, this long move is shortlived, so does the shorts.

After the market has made more than 100pips move in a session, market will usually went into consolidation, is that right?

So, Eval based on your experience, my next question is how do we know when the consolidation end so that we can start trading trend again?

Btw, your strategy is fantastic! 1st time use it and gained more than 100pips today held from asian session to UK session. Wonderful combination. I...

two ways....

one, follow the system and just enter and exit when it tell you or in cases of consolidation identify high of consolidation and lower.

second, draw two horizontal lines as the break lines and enter on the break of those lines either up or down. but i think you will find that Symphonie has already told you the direction at that point.

hope that helps.

eval.
  • #1,357
  • Oct 12, 2011 9:35am Oct 12, 2011 9:35am
Quoting ductrifx
sell EURCH, SL 30pip

it appears you are entering too late. trendline changed 2 candlestick back.
  • #1,358
  • Oct 12, 2011 9:36am Oct 12, 2011 9:36am
Quoting logic38
Hi Evaluator

All four indicators line up, say sell as I am now eur/usd so you enter the trade then the trade goes against you, extreme cycle indicator turns blue then trend line turns blue, do you sit it out and wait to see if it hits 50 pip stop loss or close the trade,on the change of indicators?
Sorry if this has been asked before
i personally wait and see if stoploss is hit. unless i see an extreme spike going the oppisite of my trade. if i see extreme spike i exit automatically.
  • #1,359
  • Oct 12, 2011 9:40am Oct 12, 2011 9:40am
All four signals lined up sell 5 min chart eur/usd so I entered the trade, now my 50pip stop just been hit, would it be better to pull out of the trade when you get an extreme indicator, that does not refresh, showing the opposite colour to the way you are trading?
Thanks
  • #1,360
  • Oct 12, 2011 9:43am Oct 12, 2011 9:43am
Quoting logic38
All four signals lined up sell 5 min chart eur/usd so I entered the trade, now my 50pip stop just been hit, would it be better to pull out of the trade when you get an extreme indicator, that does not refresh, showing the opposite colour to the way you are trading?
Thanks

you enter a trade and get an extreme spike telling you movement has ended....then you need to exit at close of that candlestick.

just like i said in post #1

(especially if you are less that 30 pips into movement and you get extreme spike)
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