Attachments: Symphonie Trader System

Symphonie Trader System

#2,141
Nov 2, 2011 5:54pm Nov 2, 2011 5:54pm

longfellow
| Joined Jan 2010 | Status: Trader | 653 Posts

Quoting Wacky Canuck

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I've been trying to read as much in this thread as possible and have nearly gone bug eyed! Hahahaha. through all the blur however, i have seen that you have been getting rather good results with this...or maybe it was some one else? Not sure, whatever the case, it seems to be rather good. Do you have particular settings for your HMA indi?

Ignored

Period: 60
Method: 3
Price: 0

This was the original indicator setting for the system when the thread started. You may have me confused as I don't have a lot of results, although the few I do have are all good with this and realjumper's arrow indi.

Follow the money --Mark Felt (Deepthroat)

#2,142
Nov 2, 2011 5:57pm Nov 2, 2011 5:57pm

camvcvoo
Joined Nov 2006 | Status: Trader | 678 Posts

Quoting Staghead

Disliked

Hello RJ, first of all thank you for your contribution to this thread it has been outstanding.

Attached is a chart for your consideration, this set up occurred nearly 2 hours after the London open, I have circled the entry arrow, I have also circled what was the extreme spike to go short. The setup was valid (in my opinion) and price had turned at 1.3800.

In hindsight I am thinking you may not have taken this trade because the Stochastics were oversold when the arrow formed and also because it was against the trend.

Your comments would...

Ignored

Andrew,

What you've indicated was a normal spike. The extreme spike is the one with colour (red or pink or magenta?) inside the triangle, like the one you have towards the far right of the chart. that should be the trigger but not entry.

Also, when Stoch is overbought/oversold doesn't mean that price won't go higher or lower. As RJ has always reminded us, fundamentals of Price Action is very important for success in trading. That, you have to gain experience.

Hope it helps.

ç¦ å Victor V

#2,143
Nov 2, 2011 5:58pm Nov 2, 2011 5:58pm

Wacky Canuck
| Joined Dec 2007 | Status: Trader | 142 Posts

Quoting longfellow

Disliked

Period: 60
Method: 3
Price: 0

This was the original indicator setting for the system when the thread started. You may have me confused as I don't have a lot of results, although the few I do have are all good with this and realjumper's arrow indi.

Ignored

Right, I do indeed have you mixed up. Sorry about that but thank you very kindly for the settings.

Cheers

#2,144
Nov 2, 2011 6:03pm Nov 2, 2011 6:03pm

Staghead
| Joined Jun 2009 | Status: Trader | 55 Posts

Quoting camvcvoo

Disliked

Andrew,

What you've indicated was a normal spike. The extreme spike is the one with colour (red or pink?) inside the triangle, like the one you have towards the far right of the chart. that should be the trigger but not entry.

Also, when Stoch is overbought/oversold doesn't mean that price won't go higher or lower. As RJ has always reminded us, fundamentals of Price Action is very important for success in trading. That, you have to gain experience.

Hope it helps.

Ignored

Cam, thanks for the reply, I can assure you that at the time it was an extreme spike but it repainted as price continued up.

#2,145
Nov 2, 2011 6:32pm Nov 2, 2011 6:32pm

mogulmedia
| Commercial User | Joined Jun 2011 | 176 Posts

Quoting Staghead

Disliked

Hello RJ, first of all thank you for your contribution to this thread it has been outstanding.

Attached is a chart for your consideration, this set up occurred nearly 2 hours after the London open, I have circled the entry arrow, I have also circled what was the extreme spike to go short. The setup was valid (in my opinion) and price had turned at 1.3800.

In hindsight I am thinking you may not have taken this trade because the Stochastics were oversold when the arrow formed and also because it was against the trend.

Your comments would...

Ignored

RJ mentioned that the trade is valid as long as the stoch has OB/OS status at the time of the spike therefore he probably would have taken it if everything else agreed.

Looks like your analysis was correct, simply a case of the trade not working out this time...

#2,146
Nov 2, 2011 8:23pm Nov 2, 2011 8:23pm

realjumper
Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts

Quoting Staghead

Disliked

Hello RJ, first of all thank you for your contribution to this thread it has been outstanding.

Attached is a chart for your consideration, this set up occurred nearly 2 hours after the London open, I have circled the entry arrow, I have also circled what was the extreme spike to go short. The setup was valid (in my opinion) and price had turned at 1.3800.

In hindsight I am thinking you may not have taken this trade because the Stochastics were oversold when the arrow formed and also because it was against the trend.

Your comments would be...

Ignored

The trade would have been valid Andrew.....the only thing of concern was that it was against the trend of the day.....so that makes the trade a low probability trade. Of course a top must come somewhere, the pa can't go up forever, but picking tops and bottoms is a risky business.

So you have everything right in your analysis, except you needed to ask yourself this question......'why do I believe that this is the point where the trend will reverse?'.....if you can't answer that question, then you have your answer as to whether the short trade is a high probability trade or not.

Even when trading with the trend, eventually you will get a stop loss hit, because, as we have just discussed, the trend can't go on forever. But the chances of getting stopped out when trading a pull back (against the trend) are very high.

Doing what you like is Freedom. Liking what you do is Happiness.

#2,147
Nov 2, 2011 8:28pm Nov 2, 2011 8:28pm

Staghead
| Joined Jun 2009 | Status: Trader | 55 Posts

Thanks for your comments RJ, much appreciated.

#2,148
Nov 2, 2011 8:40pm Nov 2, 2011 8:40pm

realjumper
Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts

Quoting Staghead

Disliked

Thanks for your comments RJ, much appreciated.

Ignored

No problem......I'm going to post a chart of todays action in a moment....

Doing what you like is Freedom. Liking what you do is Happiness.

#2,149
Nov 2, 2011 8:49pm Nov 2, 2011 8:49pm

realjumper
Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts

Here is a trade for today.....and an opportunity to re-enter if you exited early or just didn't want to enter yet.

1. Extreme spike
2. Stochastic falling
3. Red
4. Red
5. Red Arrow...Sell

Stop loss above the swing high.....3785-ish

Re-entry

1a. Stoch falling (from overbought area)
2a. Red
3a. Red
4a. Red Arrow (sell)

Stop Loss as before.

Stop loss now should be in profit and placed just about the Daily Pivot 3735-ish.....and now it can run for as long as it takes. My first goal is 3632, which is daily S1....and if/when we get there, I'll move the SL to +40 and see what happens. If the PA looks like stalling out, I'll exit the trade....if not, I'll hang in there and see what happens......it's a free trade, so who cares?!?!?!

Attached Image (click to enlarge)

Click to Enlarge

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Doing what you like is Freedom. Liking what you do is Happiness.

#2,150
Nov 2, 2011 9:08pm Nov 2, 2011 9:08pm

Staghead
| Joined Jun 2009 | Status: Trader | 55 Posts

Thanks again RJ, these charts are very helpful.

#2,151
Nov 2, 2011 9:19pm Nov 2, 2011 9:19pm

realjumper
Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts

Quoting Staghead

Disliked

Thanks again RJ, these charts are very helpful.

Ignored

You're welcome.....do you see what I'm saying about trading with the trend?

Doing what you like is Freedom. Liking what you do is Happiness.

#2,152
Nov 2, 2011 9:34pm Nov 2, 2011 9:34pm

Staghead
| Joined Jun 2009 | Status: Trader | 55 Posts

Quoting realjumper

Disliked

You're welcome.....do you see what I'm saying about trading with the trend?

Ignored

yes I do, I have actually picked up a few re-entries in the last few days, I was using the Hull indi for re-entry prior to your arrow indi.

Thanks

#2,153
Nov 2, 2011 9:36pm Nov 2, 2011 9:36pm

realjumper
Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts

Quoting Staghead

Disliked

yes I do, I have actually picked up a few re-entries in the last few days, I was using the Hull indi for re-entry prior to your arrow indi.

Thanks

Ignored

Yep....Hull is a good indi too. In fact I have a Hull Indi based EA here somewhere, but it suffers badly in whipsaw markets like we have been having lately.....but yeah....Hull is a good indi for our purpose

Doing what you like is Freedom. Liking what you do is Happiness.

#2,154
Edited 11:10pm Nov 2, 2011 10:58pm | Edited 11:10pm

Evaluator
Joined Oct 2007 | Status: Trader | 2,972 Posts

Quoting realjumper

Disliked

Here is a trade for today.....and an opportunity to re-enter if you exited early or just didn't want to enter yet.

1. Extreme spike
2. Stochastic falling
3. Red
4. Red
5. Red Arrow...Sell

Stop loss above the swing high.....3785-ish

Re-entry

1a. Stoch falling (from overbought area)
2a. Red
3a. Red
4a. Red Arrow (sell)

Stop Loss as before.

Stop loss now should be in profit and placed just about the Daily Pivot 3735-ish.....and now it can run for as long as it takes. My first goal is 3632, which is daily S1....and if/when we get there, I'll move...

Ignored

realjumper,

That is a very interesting way to use Symphonie with the Stochastic and Arrow indikators. I am looking at your graph and I see that Trend is not represented. Why would you not have the Symphonie Trendline Indikator present it is stabilizer of the movement that would keep you in a sell position?

I would think that would be your guide once you have established the initial order. Also, it would show you that; as price action drops below the trendline significantly it would be further confirmation that the trend is continuing down as the trendline would not change colour throughout the entire cosolidation in the middle of your screenshot.

I am sure the extreme indikator will have repainted during the consolidation part in the middle that would have given you false signal just as you received an up arrow in the middle as well as changes in sentiment and emotion in the consolidation indikators to blue and a rising stochastics. That would have met the conditions for a BUY order in the middle of the movement of your screenshot which would have been a bad order.

Trendline would have remained RED that would have invalidated the BUY signal and given you a proper retry or double-down SELL signal where you indikate 1a2a3a4a.

Please explain why you have omitted Symphonie Trendline as a component. Because it is the most stable of the indikator group.

Eval.

#2,155
Nov 2, 2011 11:29pm Nov 2, 2011 11:29pm

realjumper
Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts

Quoting Evaluator

Disliked

realjumper,

That is a very interesting way to use Symphonie with the Stochastic and Arrow indikators. I am looking at your graph and I see that Trend is not represented. Why would you not have the Symphonie Trendline Indikator present it is stabilizer of the movement that would keep you in a sell position?

I would think that would be your guide once you have established the initial order. Also, it would show you that; as price action drops below the trendline significantly it would be further confirmation that the trend is continuing down...

Ignored

Hiya Eval,

The reason I left it off the charts is because I am really only concerned with entries. The exits I will decide based on pivots, candles and candle formations, as well as past s/r levels.

I agree that having the Supertrend on the chart might keep me in a trade longer, but by the time Supertrend changes colour (thus indicating that it's time to exit), it is often quite late, especially in this kind of whipsaw PA we have been having lately.

For those reasons I prefer to use basic TA to monitor the trade and to give me a 'heads up' on possible exit points.

My issue has always been getting a good entry, or rather, NOT getting a good entry. Having got the entry i want, I feel I can monitor and exit the trade better by using the TA skills I have learned over time.

RJ

Doing what you like is Freedom. Liking what you do is Happiness.