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Symphonie Trader System

  • #1,861
  • Oct 26, 2011 4:52am Oct 26, 2011 4:52am
Can this system use on all pair or only certain pair ?
  • #1,862
  • Oct 26, 2011 6:07am Oct 26, 2011 6:07am
Since the EurUsd looks untradeable to me today, I took this trade on the AudUsd at the vertical red line on a live account to keep myself occupied. The 1H and 15M show blue extreme cycles also but not aligned yet with the rest of the indicators. The 4h chart looks like a nice swing may be forming. PA has been horrible these last 2 days so lets see what happens. Trade opened strictly with the Symphonie rules.

I like your method Evaluator, it eliminates much of the guesswork for entry and puts the success of the trade on the side of trade management. I personally prefer leading indicators like the ones you use.
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  • #1,863
  • Oct 26, 2011 6:46am Oct 26, 2011 6:46am
is anyone going short on the eur/usd now?
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  • #1,864
  • Oct 26, 2011 7:04am Oct 26, 2011 7:04am
Quoting Kasapreko
is anyone going short on the eur/usd now?
Nope! I am not touching the EUR/USD right now. It's ugly! lol
  • #1,865
  • Oct 26, 2011 7:22am Oct 26, 2011 7:22am
Quoting distantpulse
Nope! I am not touching the EUR/USD right now. It's ugly! lol
Is market emotion indicator the same thing as goldmine indicator? I downloaded the "market emotion indicator" from the start of the thread,but I keep seeing goldmine indicator on people's charts. I want to know if I'm using the right one.

Kasapreko
  • #1,866
  • Oct 26, 2011 7:24am Oct 26, 2011 7:24am
Up 44 pips and then down to take out BE +3. I had a choice to get out when the red extreme cycle showed up, and then again when the sentiment indicator turned red two bars later after the red extreme cycle showed up. I preferred to let it either run up or take out my stop. You manage it, it's your choice.
Attached Image (click to enlarge)
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  • #1,867
  • Oct 26, 2011 7:28am Oct 26, 2011 7:28am
Quoting Kasapreko
Is market emotion indicator the same thing as goldmine indicator? I downloaded the "market emotion indicator" from the start of the thread,but I keep seeing goldmine indicator on people's charts. I want to know if I'm using the right one.

Kasapreko
The "goldsupercycle" is the combination of the emotion and setiment indicator into one indicator on your screen. When Both agree it turns blue/red and when they don't agree it is yellow. Search for it as "Symphonie SetimentEmotion Combi Indikator V 1.0".
  • #1,868
  • Oct 26, 2011 7:51am Oct 26, 2011 7:51am
Quoting distantpulse
The "goldsupercycle" is the combination of the emotion and setiment indicator into one indicator on your screen. When Both agree it turns blue/red and when they don't agree it is yellow. Search for it as "Symphonie SetimentEmotion Combi Indikator V 1.0".
So I can still use the "market emotion" indicator?
another question to anyone. I just bailed out of 2 sell trade on eur/usd and gbp/usd for 74 and 41 pips. I exited cause the extreme showed up,but after I exited and refreshed the charts the extreme indicator had disappeared.
How am I to go about this next time? do I refresh the charts every-time the extreme indicator shows before the candle closes?
Thanks people
kasapreko
  • #1,869
  • Oct 26, 2011 7:55am Oct 26, 2011 7:55am
Quoting Kasapreko
So I can still use the "market emotion" indicator?
another question to anyone. I just bailed out of 2 sell trade on eur/usd and gbp/usd for 74 and 41 pips. I exited cause the extreme showed up,but after I exited and refreshed the charts the extreme indicator had disappeared.
How am I to go about this next time? do I refresh the charts every-time the extreme indicator shows before the candle closes?
Thanks people
kasapreko
Yep, the original system still works. I always refresh when I see the extreme spike, but I also use technical analysis to decide if it is a potential top or bottom in the market.
  • #1,870
  • Oct 26, 2011 7:58am Oct 26, 2011 7:58am
Quoting Kasapreko
Thanks for the reply. So Oga Evaluator,in your opinion,which exit strategy do you favor? which one did you use yesterday and which one are you going to use today?
Kasapreko
ps: I'd like to say you've got the best thread Ive seen on FF,cause you're open,honest and considerate>>>>most importantly you show your results,so you walk the walk. God bless you!
Kasapreko,

Thank you for your kind comments. I tend to use exit strategy 2 most often but I also use Exit Strategy one is I feel market not stable.

Evaluator
  • #1,871
  • Oct 26, 2011 8:00am Oct 26, 2011 8:00am
Quoting ductrifx
Hi Eval
Do u take this trade?

No. I am trade only EURUSD for now.
  • #1,872
  • Oct 26, 2011 8:05am Oct 26, 2011 8:05am
Quoting Evaluator
Kasapreko,

Thank you for your kind comments. I tend to use exit strategy 2 most often but I also use Exit Strategy one is I feel market not stable.

Evaluator
No thank you!!
what pair(s) did you take today? I'm out for over +100pips on 2pairs; not bad for 5mins chart
.
Thanks again
ps: Ive been reading through every post from the start and trying to trade,watch the news at the same time today.Its like I have exams next week...haven't even gone through a quarter of the pages yet
  • #1,873
  • Oct 26, 2011 8:08am Oct 26, 2011 8:08am
Quoting Kasapreko
So I can still use the "market emotion" indicator?
another question to anyone. I just bailed out of 2 sell trade on eur/usd and gbp/usd for 74 and 41 pips. I exited cause the extreme showed up,but after I exited and refreshed the charts the extreme indicator had disappeared.
How am I to go about this next time? do I refresh the charts every-time the extreme indicator shows before the candle closes?
Thanks people
kasapreko

Dag!you would have been the man had you stayed in because for some reason the eur/usd is tanking right now as I type these words,ha,ha!
My friend to answer your question all indicators you use are only emulating price action,therefore to make use of extreme cycle,when it paints the first time look for engulfing candles,double tops,bottoms,round numbers,the 200 ema,etc,,,:nerd: now you should get the picture,trade what price tells you to trade not the indicators they are only there to confirm what price is already doing and telling you what to do, get it?

Ps you should take off some position before closing and use trailing stops to ride the waves out!
  • #1,874
  • Oct 26, 2011 8:21am Oct 26, 2011 8:21am
Quoting ductrifx
out of trade +30pip
congratulations!
  • #1,875
  • Oct 26, 2011 8:24am Oct 26, 2011 8:24am
Quoting ductrifx
I think the most important indicator in Eval system is Extreme, and it usually repaint. So I use more indicator to confirm it.

ummmm.....that is called a system....you know like Symphonie System?? you know Symphonie?? it is the one that uses 4 indikators to confirm a price action movement??
  • #1,876
  • Oct 26, 2011 8:29am Oct 26, 2011 8:29am
Quoting Kasapreko
your money management technique; (50pips stop loss, protect 3 pips after you hit 30pips) did you just create this on the fly,cause that was for the 5mins chart and at the start of this thread ,your strategy I believe is meant for higher time frames and definitely, 5mins,1hr and 4hr charts cant use similar money management rules.
If you can give us money management rules for higher times frames like 4hrs or daily...that's if its there
Thanks again
Kasapreko

Kasapreko,

Sure you can use it in 5 min or any other timeframe. That is the way I trade. Only modification is beginning stoploss. I increase to 75 in 15 min. but still make the same 30 pip move and follow the rest of Money Management as I have defined. I have used this form of Money Management that I developed for years.

Evaluator
  • #1,877
  • Oct 26, 2011 8:34am Oct 26, 2011 8:34am
Quoting Kasapreko
Another question Eval! suppose just like today on eur/usd 5min, I don't get to see an extreme spike and all indicators line up with the same color(red) do I get to use yesterdays extreme spike to continue today's trade(s)?
Kasapreko
In very stressed markets one can expect many whipsaw action. Because of European Crisis and jumpy market I would not recommend 5 min timeframe because you will be stopped out often. To move above the whipsaw action, i trade in 15 min timeframe. It will keep you out of most (not all) of the whipsaws market action.
  • #1,878
  • Oct 26, 2011 8:34am Oct 26, 2011 8:34am
Quoting ductrifx
I don't understand your question.
I think the most important indicator in Eval system is Extreme, and it usually repaint. So I use more indicator to confirm it.
The indicators below is trix (THV system), Trendwave (posted on this thread), and Storch (11, 5,5) of Real.
Man you don't really need all that stuff.. you will get confused.
The indies that you find on the first page of the topic are enough!
  • #1,879
  • Oct 26, 2011 8:35am Oct 26, 2011 8:35am
Quoting Wekekek
Can this system use on all pair or only certain pair ?

All pairs and in all timeframes....just like I said in post#1
  • #1,880
  • Oct 26, 2011 8:37am Oct 26, 2011 8:37am
Quoting rivtrader
Since the EurUsd looks untradeable to me today, I took this trade on the AudUsd at the vertical red line on a live account to keep myself occupied. The 1H and 15M show blue extreme cycles also but not aligned yet with the rest of the indicators. The 4h chart looks like a nice swing may be forming. PA has been horrible these last 2 days so lets see what happens. Trade opened strictly with the Symphonie rules.

I like your method Evaluator, it eliminates much of the guesswork for entry and puts the success of the trade on the side of trade management....

rivtrader,

Thank you for your comments and I am glad you like Symphonie. May I make a suggestion? I think in this extremely unusual whipsaw market you will find the 15 min. timeframe will move you above alot of the whipsaws found in the 5 min. You may find it a calmer ride.

eval.
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