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Symphonie Trader System

  • #2,461
  • Nov 9, 2011 7:00am Nov 9, 2011 7:00am
Quoting mogulmedia
My friend a rising wedge is bearish pattern, usually a sign of a reversal at the end of an uptrend or a continuation in a down trend...

Triangle patterns can be either continuation or reversals so I would disagree. In 4 hour chart this could also be a massive head and shoulders pattern which would reinforce that a break of the 1.3600 level may signal a huge downward drop. Or it could simply bounce off the neckline and failure to break opens a rally that should exceed the top of the head at 1.38750 or higher.

But in the end only time and price action will tell.....
Attached Image (click to enlarge)
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  • #2,462
  • Nov 9, 2011 7:13am Nov 9, 2011 7:13am
Hi Plig,

thanks a lot -

Did you derive it from Marie Jane´s or from the original cycle indicator?


Quoting plig
How I promised on chat, here the cycle indicator with an alert on ONLY extreme spike.

You can test it.

Bye

p.s. you can rename it... I leave the name that I chose yesterday....
  • #2,463
  • Nov 9, 2011 7:20am Nov 9, 2011 7:20am
Quoting maudur
Eval,

I do not quite understand the new tip. Can you show it with some charts, please?

I have updated the post with a chart.
  • #2,464
  • Nov 9, 2011 7:24am Nov 9, 2011 7:24am
Quoting Evaluator
I have updated the post with a chart.
Thank you very much.
Enter Signature
  • #2,465
  • Nov 9, 2011 8:03am Nov 9, 2011 8:03am
well, the flag is broken...I've been stalking PA waiting for it

closing below 3580~3600 puts a lot pressure to going even lower, we may revisit .3180 again, with support around .3450

italy farts again and down we go...

november will be a crazy month, be careful, and try to stay with the trend, at least lower lot size and protect yourself if going counter-trade.

  • #2,466
  • Nov 9, 2011 8:05am Nov 9, 2011 8:05am
dose the indi repaints
  • #2,467
  • Nov 9, 2011 8:13am Nov 9, 2011 8:13am
Quoting Evaluator
MaryJane,

This one is just for you. Here is an excellent example why I do not post the actual numbers on the trade report because historically if you look back it would just confuse people where (at that time) this is a perfectly logical Symphonie System signal trade. I like to call it bottom feeding (or playing the repaints) because you are catching the topping or bottoming of extreme spikes but gambling on the fact that there will be atleast 1 repaint per extreme spike.

You have a trade and then you receive an extreme spike but you do not...
for those watching the system today on M5 we had an excellent opportunity of playing bottoms like evaluator explained in the post above.

extreme indicator repainted around .3620...and started to retrace...but keep in mind the trendline indicator still red, which was saying "don't go long yet!"

puts sell order at bottom .3620, and that was good for 30~40 pips, exiting at the next extreme spike.

you could have made an even better entry by being a little more agressive entering around .3650 (psych level) considering stochastics, and the other symphonie indicators aligned. As I said, stochastics is a great indicator to help you on re-entries following the trend.

very good day, indeed.
  • #2,468
  • Nov 9, 2011 8:41am Nov 9, 2011 8:41am
Quoting jurn_e
Hi

Update on my short position yesterday.
Close half at +20 and rest hit BE.
keke
Nice jurn_e. I need to ask you if you are using MJ template + arrows and the rules of your framework. Also I didn´t know about if PA hit 20p you move SL to BE instead Eval rule of 30p.
I Ask you because I had "the worst winning trade ever", as you know I entered that short almost at the same price like you, but I never saw (on time) the blue extreme spike (mj experimental) in my chart UNTIL a few hours later . anyway I was seriously strict with the rules (in this case 75 SL) and had nothing to lose (I was real account) and wait for my SL . . . PA was 1,5 pips before my SL and turn again and in the night hit my 50 TP.
I know, It was not trading, it was only luck, I hate this situation, but some thing strange happened with MJ indicator.
Humble & Kalcker CLO2 = Covid killer
  • #2,469
  • Nov 9, 2011 8:48am Nov 9, 2011 8:48am
Quoting Jack Herer
for those watching the system today on M5 we had an excellent opportunity of playing bottoms like evaluator explained in the post above.

extreme indicator repainted around .3620...and started to retrace...but keep in mind the trendline indicator still red, which was saying "don't go long yet!"

puts sell order at bottom .3620, and that was good for 30~40 pips, exiting at the next extreme spike.

you could have made an even better entry by being a little more agressive entering around .3650 (psych level) considering stochastics, and the other...
Jack Herer,

Glad to see my tip is paying off in profit!

eval.
  • #2,470
  • Nov 9, 2011 9:03am Nov 9, 2011 9:03am
Quoting CandleStar
Hi Plig,

thanks a lot -

Did you derive it from Marie Jane´s or from the original cycle indicator?
The original one.
  • #2,471
  • Nov 9, 2011 9:26am Nov 9, 2011 9:26am
this could be an appropriate song for euro today, LOL.

Inserted Video


next areas of support to be aware

.3500
.3380
.3250
.3180
  • #2,472
  • Nov 9, 2011 10:05am Nov 9, 2011 10:05am
Is this valid?
Attached Image (click to enlarge)
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  • #2,473
  • Nov 9, 2011 12:32pm Nov 9, 2011 12:32pm
HI server2712

After 310 pips is very risky to go with the 5 minutes, I would also expect the 15.


Ciao Max
  • #2,474
  • Nov 9, 2011 6:56pm Nov 9, 2011 6:56pm
Will be waiting for extreme top and sell today.
No buying required.
Pivot Boss in the making~
  • #2,475
  • Nov 9, 2011 7:02pm Nov 9, 2011 7:02pm
Quoting Evaluator
MaryJane,

Is there someway to force a logic loop into the Extreme Spike indikator whereby it does not repaint but instread just paints a complete cycle spike at the highest or lowest point of the of the last spike? i.e. red then instead of repaint the red as price drops...it looks at data since last red and just paint a blue spike at highest point rather than repaint the red spike? I am thinking this is possible but I do not know how it will effect the reliability of the indikator but at least it would no longer just repaint.

eval.
Hello folks. Here's a modified version of cycle identifier based on Symphonie Extreme Indicator.mq4 that

 

  1. can keep track of when the original major spikes first appeared by placing a small gray dot on the chart.
  2. can also give an sound or email alert when a recent major spike (default is over the last 40 bars) disappears. This would help those that trade on the disappearance of a major spike.
  3. gives you the option to get sound or email alerts for either major and minor spikes or both.

Play around and see if it's useful to you. And feel free to improve it on your own or for the thread, as I'm not really a programmer at heart (but feel forced to program when I think it can help my trading).

I've used this version for a bit and I would say that it has really interesting implications when going back over the history (back testing). All of a sudden it shows more areas where the cycle identifier would've had a spike that supported a trade at the time but that later disappeared. At least with the spike history one can muse over whether one would have taken those setups or not based on other indicators or price actions.

Anyway, check it out.
--seashore

Attached Image (click to enlarge)
Click to Enlarge Name: historydots.JPG Size: 57 KB
Attached Image
Attached File(s)
File Type: mq4 Cycle Identifier wHistory.mq4   29 KB | 1,034 downloads
  • #2,476
  • Nov 9, 2011 7:13pm Nov 9, 2011 7:13pm
For example in buy, when all 4 indicators criteria met, we enter order. But after awhile, there is a lower low, the extreme spike got repainted to the lower low. What about the previous trade we have entered? it becomes invalid?

This is the screenshot where I initially think a buy setup might be coming soon
http://img257.imageshack.us/img257/1778/demo1k.png


This is the screenshot I took after I just woke up, the initial potential buy setup is gone which I have drawn a red vertical line writing previous bar. and now there is a new potential buy setup.
http://img828.imageshack.us/img828/3781/sefc1.png
  • #2,477
  • Nov 9, 2011 7:44pm Nov 9, 2011 7:44pm
Quoting wilsonch
For example in buy, when all 4 indicators criteria met, we enter order. But after awhile, there is a lower low, the extreme spike got repainted to the lower low. What about the previous trade we have entered? it becomes invalid?
If you follow strictly to Eval rules, dont buy when trendline is red.
Trend is down now.
Pivot Boss in the making~
  • #2,478
  • Nov 9, 2011 7:56pm Nov 9, 2011 7:56pm
Quoting jurn_e
If you follow strictly to Eval rules, dont buy when trendline is red.
Trend is down now.

how about this? should we buy at the line i marked? thanks for replying.

http://img192.imageshack.us/img192/3781/sefc1.png
  • #2,479
  • Nov 9, 2011 8:47pm Nov 9, 2011 8:47pm
Quoting wilsonch
how about this? should we buy at the line i marked? thanks for replying.

]
If i entered according to the extreme bottom and buy arrows,
i would have 2 small losses.

Didnt enter buy at the bottom yesterday because price has broken 1.3600 which is a significant support. And all over the news talking about italian-german yield spread increasing, all this are putting pressure on euro. Besides the daily range exceeded 250pips at that time, indicates the bears are really strong. So best not to fade the trend.
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-11-10_1035.png Size: 188 KB
Pivot Boss in the making~
  • #2,480
  • Nov 9, 2011 10:05pm Nov 9, 2011 10:05pm
Quoting wilsonch
how about this? should we buy at the line i marked? thanks for replying.
I have mentioned this several times now.....why oh why would you consider buying into such an obvious and powerful downtrend????? WHY?
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