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Symphonie Trader System

  • #2,401
  • Nov 8, 2011 9:43am Nov 8, 2011 9:43am
Have fun trading EU ~
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Pivot Boss in the making~
  • #2,402
  • Nov 8, 2011 9:47am Nov 8, 2011 9:47am
Quoting ttaro27
Jack,
That's exactly what this system does, confluence of 4 indicators in one direction.

Each method do not fit every one, the only thing those methods do, it is to give an edge to the trader to make money, just like the casinos.

I tried and I know many people that tried pivot points, camarilla, fibs, magic number, don't know many that succeed. Good for you if it works, but it isn't the holygrail, neither is this system.

This thread is very interesting to follow, not just because the system, but mostly by the efforts put together and...
I believe you misunderstood me.

This is a good system. It will give good entries, yes, and it can be better especially if combined with some kind of strong S&R. But I'm still not convinced that it provides optimal exits. It still comes down to experience, imo.

that reinforces my opinion that most people who are having trouble with the system are relying too much on the extreme indicator. as you said, there other indicators that form confluence, in their own way.

there is no holy grail, I never said there is one.

But you are correct, this thread is good because we have good people here interested in improving.
  • #2,403
  • Nov 8, 2011 9:49am Nov 8, 2011 9:49am
Still waiting for 1 more confirmation ( either arrow or trendline) to go short in EU.

It seems the Symphonie Spikes (experimental) is more stable compared to the original.
Pivot Boss in the making~
  • #2,404
  • Nov 8, 2011 10:09am Nov 8, 2011 10:09am
Quoting jurn_e
Still waiting for 1 more confirmation ( either arrow or trendline) to go short in EU.

It seems the Symphonie Spikes (experimental) is more stable compared to the original.
Yes, I agree. I have been testing it on the M1 charts.....for the speed of the extremes.....and so far it is doing very well
Doing what you like is Freedom. Liking what you do is Happiness.
  • #2,405
  • Edited 10:23am Nov 8, 2011 10:11am | Edited 10:23am
Quoting Jack Herer
I believe you guys are worrying too much about the extreme indicator and the spikes.

In my opinion this is the least important indicator of this system. Not saying it's completely useless though, don't get me wrong.
I couldn't agree more with you. I think most ppl here get what you are telling. There was a big emphasis on spikes recently and i'm partially responsible for it, but this has another reason - as it definitely is a part of the system, it should be compatible between users if they want to compare signals. But there was (and still is) a situation when one sees a spike the second sees two spikes and the third doesn' see any on the same pair and same timeframe. That's what the fuss is all about.

btw euro bears be careful with the shorts, the market was poised to go higher and pulled back as berlusconi survived the vote (the marked has hoped he don't) but the trend is still up, we broke ~3780 on the way up and have to break back below - even better below the DP as Jack says - to revert direction (i hope so).

because if we break the 4hr flag (check RJs charts) to the downside, there will be enough pips for everyone. patience!
MarginTrader All Time Return: na
  • #2,406
  • Nov 8, 2011 10:13am Nov 8, 2011 10:13am
Quoting realjumper
Yes, I agree. I have been testing it on the M1 charts.....for the speed of the extremes.....and so far it is doing very well
glad to hear that but let's not shout too early... it would be good because everybody sees the same with it..
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  • #2,407
  • Nov 8, 2011 10:18am Nov 8, 2011 10:18am
Entered Short based on system.
Pivot Boss in the making~
  • #2,408
  • Nov 8, 2011 10:22am Nov 8, 2011 10:22am
I´m short too, sell at 3792
Humble & Kalcker CLO2 = Covid killer
  • #2,409
  • Nov 8, 2011 10:25am Nov 8, 2011 10:25am
Quoting MaryJane
I couldn't agree more with you. I think most ppl here get what you are telling. There was a big emphasis on spikes recently and i'm partially responsible for it, but this has another reason - as it definitely is a part of the system, it should be compatible between users if they want to compare signals. But there was (and still is) a situation when one sees a spike the second sees two spikes and the third doesn' see any on the same pair and same timeframe. That's what the fuss is all about.

btw euro bears be careful with the shorts, the...
Agree completely with you about this. You are doing a great job btw, I've been testing the new extreme today, it does seem more stable. My MT4 broker is FXDD, but I use dukascopy for live trading.

But so far I seem to do better without the extreme, it makes me nervous repainting all the time, I tend to second guess myself constantly when that happens, lol. Stochastics definetely has room in my template, as I said, I think it adds great confidence on a re-entry/double-down when other indicators are aligned.

let's see how this week goes, so far so good.
  • #2,410
  • Nov 8, 2011 10:25am Nov 8, 2011 10:25am
Quoting MaryJane
glad to hear that but let's not shout too early... it would be good because everybody sees the same with it..
Absolutely MJ......one sunny day does not a summer make!! However, the M1 charts are a pretty harsh testing environment, and so far, so good
Doing what you like is Freedom. Liking what you do is Happiness.
  • #2,411
  • Nov 8, 2011 11:19am Nov 8, 2011 11:19am
I'm not sure what you mean by repainting for the extreme indicator. Of course it will repaint when the actual high is beat by the price in the next candles, unless a low has been setup.

But to me it doesn't really matter, I see the extreme as an early warning for the other indicators setting up. I think we could even use this system without it, just have to wait for the other 3. But it is a good warning and it also could be use for potential estimation for the next swing.
  • #2,412
  • Nov 8, 2011 12:10pm Nov 8, 2011 12:10pm
Quoting ttaro27
I'm not sure what you mean by repainting for the extreme indicator. Of course it will repaint when the actual high is beat by the price in the next candles, unless a low has been setup.

But to me it doesn't really matter, I see the extreme as an early warning for the other indicators setting up. I think we could even use this system without it, just have to wait for the other 3. But it is a good warning and it also could be use for potential estimation for the next swing.
Just remember that every repaint is a new opportunity to trade so do not get caught in a waiting trap. See post #2334

eval.
  • #2,413
  • Nov 8, 2011 4:48pm Nov 8, 2011 4:48pm
Quoting Evaluator
Just remember that every repaint is a new opportunity to trade so do not get caught in a waiting trap. See post #2334

eval.
I understand that, it is similar to a breakout trade. When you take these trades, do you take them only if the other indicators are the right color ? They probably are, but if not, does it stop you from taking the trade ?
  • #2,414
  • Nov 8, 2011 5:00pm Nov 8, 2011 5:00pm
PBB

can you please post the indicator and Template you mentioned in 2391

Can not fined GORbi's trend wave...

thx
  • #2,415
  • Nov 8, 2011 5:05pm Nov 8, 2011 5:05pm
EUR/USD bigger picture: pay attention to the green channel
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MarginTrader All Time Return: na
  • #2,416
  • Nov 8, 2011 5:38pm Nov 8, 2011 5:38pm
Quoting MaryJane
EUR/USD bigger picture: pay attention to the green channel

red are resistence and green are support ???

can you share indicator if possible ?

and thank yor for all ! thank you really !
  • #2,417
  • Nov 8, 2011 5:49pm Nov 8, 2011 5:49pm
Quoting wallstreet03
red are resistence and green are support ???
something very similar; supply / demand.
if you study it (even the basics), you'll never regret it.
Sam Seiden webinars
Romancing The Price

Quoting wallstreet03
can you share indicator if possible ?
these are eyballed and hand-drawn mate
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  • #2,418
  • Nov 8, 2011 7:07pm Nov 8, 2011 7:07pm
Indicators as requested by pip26. Included are indicators for Fib pivot and S1,R1,M1, Daily pivots that I used. also I included a spread monitor Thats all the indicators I used on my charts.
Attached File(s)
File Type: mq4 FDM Support and Resistance.mq4   3 KB | 595 downloads
File Type: ex4 PivotsForFreebie.ex4   10 KB | 517 downloads
File Type: ex4 Market Panel Display Controller.ex4   28 KB | 575 downloads
  • #2,419
  • Nov 8, 2011 7:10pm Nov 8, 2011 7:10pm
Quoting MaryJane
EUR/USD bigger picture: pay attention to the green channel
Yeah....been watching that one for quite a while now......
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #2,420
  • Nov 8, 2011 7:47pm Nov 8, 2011 7:47pm
Quoting realjumper
Yeah....been watching that one for quite a while now......
yep i'm long since the nasty expanding triangle (m15, i hate them) & 3725 rejected again @ LO.. i didn't post it because at that time there wasn't a setup yet but it came within the candle with experimental indy on m15, including arrow on the engulfing candle and would be 90 pips in green now. i have closed 2/3 earlier but remain bullish till 3880~3920.. the dealers are doing maximum to push the price (note the aggressive pullbacks = traps) ..if i wasn't already long it would be no entry now regardless of any system or signals.. must see a bounce or break first.

i'm off, good night & gl
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