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- #2,683
- Edited 6:11am Nov 15, 2011 5:44am | Edited 6:11am
Hi all，
This is my first post in this forum， I am a new man in this market. Thank you for evaluator sharing this system, I just begin test it by myself. just some minutes ago, there is an buy signal as shown in figure labeled by blue rectangle. The trendline turns blue as you see, but soon it turns red again, then blue, then red.
I also put the SL=50 pips, but I want to know how you deal this situation in the trade? exit or waiting?
what's problem with my entry, I need your suggestions, Thx.
you did not make a bad entry. you made a wrong exit.
there are 2 ways to exit:
1. wait for the reverse peak with bar - this should have been a great stop loss in my experience.
2. or check FIB/pivots, aim for the 23%, if no breakout then it will drop to test new low.... they have been talking abt FIB in this thread.
i made a similar position with Cable, see 2 posts below. I targeted the 23% of the FIB and made a profit.
in my hallow head, i know I can re-enter anyway, using this very same system.to help you further, i attached the FIB indicator i use. it's not mine. i just also got it from another thread. hope this betters your profit generation. we can't be too greedy. we can always re-enter
- #2,684
- Edited 6:08am Nov 15, 2011 5:54am | Edited 6:08am
- Joined Oct 2007 | Status: Trader | 2,972 Posts
Thank you so much， I will put this in my strategy：）
you did not make a bad entry. you made a wrong exit.
there are 2 ways to exit:
1. wait for the reverse peak with bar - this should have been a great stop loss in my experience.
2. or check FIB/pivots, aim for the 23%, if no breakout then it will drop to test new low.... they have been talking abt FIB in this thread.
i made a similar position with Cable, see 2 posts below. I targeted the 23% of the FIB and made a profit.
to help you further,...
- #2,689
- Edited 6:47am Nov 15, 2011 6:35am | Edited 6:47am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Everyone,
Over the past few weeks there have been many many system submissions that play off the basic design of the Symphonie System. While some of them appear quite interesting and may require more investigation and ''evaluation'', let me be clear:
I recommend NO changes to the basic system indikators or changes in system rules as outlined in Post#1. With the exception of the Symphonie System Tips. I use only the Symphonie System from post#1.
So, far the system in its basic form is still the best functioning system on this thread....
However, (there always seems to be a 'however'...lol), I think it's fair to say that to customise the system to suit each traders personality is fine, and should be supported. Yes, the system I use isn't the Symphony system per se as on Page 1.......but it is a derivative to the Symphonie system that works very well for my style in the trading times that are available to me.
Also, experience plays a part. I cringe to think that people will just turn up here and download the system and start trading. They will lose. A person has to know about how to trade......doesn't have to be successful, just has to know how to read the charts and interpret the news etc.
For me personally, I always had trouble finding the best entry. Once entered and in profit, I can manage the trades and exit at a good spot most of the time. Entries were my Achilles heel. Thanks to your system.....I have the entries much better than ever before.....but I still have my own way of managing the trades and exiting them.
So in conclusion, to me, I have a kind of customised Symphonie system that may or may not suit someone else. I'm sure other people customise the system to suit themselves too. Yes, it's no longer the Symphonie system you developed, but the RJ system would not have been possible without the Symphonie system......and for that.....I thank you
Doing what you like is Freedom. Liking what you do is Happiness.
So in conclusion, to me, I have a kind of customised Symphonie system that may or may not suit someone else. I'm sure other people customise the system to suit themselves too. Yes, it's no long the Symphonie system you developed, but the RJ system would not have been possible without the Symphonie system......and for that.....I thank you
There has also been submitted modifications to the Symphonie System which have removed some of the indikators or ''not pay attention'' to some of the core indikators. This is highly NOT recommended.
re any presented or imaginable additional indicators - imo it's totally pointless. This system works as-is for making pips (=money) and it's application is exceptionally objective and repeatable by anyone respecting basic market structure and principles. The market is changing constantly and that's cruel enough.. don't add more 'variables' to it than necessary.. keep it simple and original and it will bring you pips after pips after pips - does anything else matter? Want more? Improve yourself, the system is good enough.
re timeframe questions - from what i see, i like a definite M5 setup while a M15 setup is 'cooking' (almost there) at the same time.
Just asking that we redirect a little.... I am going hunting....PIPS!
hey but may i post some higher tf heads-up from time to time, like thiswatching this
MarginTrader All Time Return:
na
The euro doesn't know what it wants to do....
- #2,698
- Nov 15, 2011 10:37am Nov 15, 2011 10:37am
I don't know if anyone remembers of me, i was on the "skype channel" time ago (btw, it's still open?).
After i quit the Skype channel i've continued my demo (but really don't liking the system too much, if i can say), and last week i have doubled my account, from 5k to 10, trading on 15min both cable and EU.
Now, after formatting my pc, i can't figure how to re-enter the old demo (was on AvaFx, i cannot retrive the account number), so i've decided to open a mini live account, 400 bucks on Oanda (i meant to open the acc with 500 bucks, but i had only 400 on my prepaid card ).
I find the broker really slow, it takes seconds to fill an order, a close one too (20 or so), but the account has started growing, +11€ with 14 floating, short on both pairs.
Will keep you updated
After i quit the Skype channel i've continued my demo (but really don't liking the system too much, if i can say), and last week i have doubled my account, from 5k to 10, trading on 15min both cable and EU.
Now, after formatting my pc, i can't figure how to re-enter the old demo (was on AvaFx, i cannot retrive the account number), so i've decided to open a mini live account, 400 bucks on Oanda (i meant to open the acc with 500 bucks, but i had only 400 on my prepaid card
).I find the broker really slow, it takes seconds to fill an order, a close one too (20 or so), but the account has started growing, +11€ with 14 floating, short on both pairs.
Will keep you updated
