Symphonie Trader System

My guess is we complete wave 4 at 1.36800 area and then we start up for wave 5.

I'm rooting for 1.3620, but I don't think my cheerleading alone will get it there.

hello eval,

thanks for sharing your system.

can i get your opinion? i attached EU as i see it now. would you re-enter such spike? All 4 indicators says sell.

thanks again!

looks like a sell signal to me.

Yes I am !!! All the time. Depend on difference in Xmeter indicator if it more then 3.

Fxhop http://www.forexfactory.com/images/icons/icon7.gif

im currently trading on m5 and downloded the latest indicators from page 1 are they setup to trade m5 or do i need to adjust any settings on them
kind regards dale

the defaults are what i use.

another quick question when the alert says bottom cycle detected do i close then and then reopen when it says dissapered

Hello everyone

I have added 2 indicators to the Symphonie Trader system that suits my way of trading that doesn 't meen its the right way its just the way I trade. I added a Semafor indicator which re-paints and a snakeboarder indicator which is a non-repainting version.

I have attached 2 snapshots for now just open the first one the rules for entering a trading are the same as the rules Eval. indicated on the first post with 1 change. if you look at the first pic (this is the snapshot from the Friday Close). the way I enter a trade is to wait for a semafor to form (red dot with blue ring) this is the only indicator that I have a audio alert on because without a semafor even if eveything else lines up I will not take the trade so I don't even bother looking at the indicators until I get a audio alert. When a alert sounds that means that a direction change is coming could be in 5 Min or 2 Hours this is when I will start to look for a entry point. After a semafor has formed wait for the treadline indicator(top) turn green or red then look at the bottom of the chart when that becomes the same colour a trade MIGHT be forminig but keep in mind the bar MUST BE CLOSED when this happens follow Eval. rules that when all the colours are the same and AFTER YOU REFRESH take the trade if all the colours are the same, you don't have to refresh until to top and bottom indicator are the same colour because they do not repaint but make sure you REFRESH before you take the trade.

If you look at the first pic you will see a semafor has formed then the threadline indicator is red as well as the snakeboarder, after the bar closes make sure to REFRESH beacuse the other indicators will repaint if everything still points to a sell take the trade. I use a 10 pip take profit with no stop loss.(will explain later) If you look at the chart 4 bars later the trade was closed. remember this is Friday Close I would not have taken this trade but is a good pic for explaining. If you look at the next semafor it is indicating that a change in dirrection might be coming if you look at the last bar the treadline and snakeboarder indicator are both green as well as all of the other indicators when and only the last bar closes and if the top and bottom indicator are still green REFRESH and check to see if the other indicator are stiil green if the are all still green take the trade but even if only 1 indicator turned red don't take the trade after the next bar closes if the top and bottom indicator are still green REFRESH again if everything is green take the trade.


Now open the second pic this is a pic of Fri close and Sun open if you look at the second pic the first red semafor to the far left is the same semafor from the other pic without the blue ring beacuse that repainted to a higher high. The first line to the left is the same sell signal as the previou pic looking at the next entry point there was a buy signal you will notice that there is no semafor but at that time there was and then the semafor repainted as well as the other repainting indicator and showed another entry point, now look at the next 3 trades semafor did not repaint but on the last trade the semafor was there to signal a trade then repainted and moved. On a 5Min chart there are more small moves than large this is why I use a 10 pip take profit so if you took all these trades you would have have a 70 pip gain no losses. Later I will add a pic of a trade that I took last Weds. when italy caused a sell off and my trade went the opposite direction after a signal was given and why I us no stop loss. Just keep in mind that you cannot back test any indicators that repaint.


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I hope this explanation helps.

got more than enough pips today.

what a nice day to scalp the hell out of this pair

shorts were obviously in advantage here, eur/usd broke a nice ascending trendline on my 15M charts, trading below PP, and on my other template the trendline indicator is red all the way down on 5M chart, showing the bears are strong.

if one is scalping counter-trade in a trending day (much different than range day), which by the way I do not recomend, try to take only the best signals that are fired off an obvious/strong level of S&R, and move SL to BE asap. Your targets need to be smaller as well.

on the other hand, short scalps you can set SL to BE and let it run if you're feeling adventurous. I know this paid very well today.

calling it a day.

hope everyone is doing well.

ps: for those into scalping...keep in mind that that eur/usd usually moves in waves of 20~30 pips at each time.

Can you post the indiccators ?

thank you, eval, for sharing your system...

it really feels and smells like a breath of fresh air!

Hi Lindrich,

thanks for sharing your method, I've a few queries:
1. Is the trendline indicator the same as eval's symphonie trendline indicator? Is there a change in this trendline settings as it is not really the same trendline color which we have on settings with 45/15?

2. So your method is to collect 10pips per trade, right? Do you ride any trend as in to hold for a few hours and catch the big move of 100+pips?

3. And lastly, you only trade on m5 timeframe?

Oh ya, please post the 2 indicators which added value for your trading. Thank you.

lindrich,

Thank you very much for sharing your strategy. You can share the indicators to test please?

Yes Evals trendline indicator is a good indicator I changed the settings to suit a 5Min chart to provide more entry signals that would work well with the other indicators.

I only collect 10 pipis because it is much harder to find a exit than a entry signal I would rather have 10 pips in my account and lose out on some extra pips than take a loss knowing that I could have made pips.
Over many years of trading I have seen many currancies go up 20-30 pips and then go straight down well below your entry point if you always look for that bigger trade you will sooner or later get burned. If I take 10 pips off the table and it keeps going up 50 60 pips which has happened I don't look at it as a loss but a new entry coming up. In this type of market I would rather be in and out of a position and wait on the sidelines for the next entry.

I trade on the 5MIn chart for the same reason trade, make pips, and leave.

I will add the indicators after the next pic that I will post because I find that new traders tend to jump to the indicator before they really understand them.

Hello everyone,

I found those indicators that seems to be the ones Lindrich is using.

great results Lindrich...looking at your charts now, I assume the semaphores have repainted as well as the extreme spikes..but no doubt they were there at the time of your trades ..is that correct?... also can you explain why you dont use a sl?....a little scary eh?

Lindrich, do you trade also in H2? Or by what, do you use a change in the trend in 2 hours?

Thanks.

Can't find the pic so here is the template.Also becareful which snakeforce indicator you use they mostly all repaint.
These indicators can only be used on a 5Min chart if you use a different timeframe alot of the inputs will have to be changed.

Can you post your indicators, please? I have found two but theu didn t load with your template,

Thank you