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Symphonie Trader System

  • #3,561
  • Dec 13, 2011 6:07pm Dec 13, 2011 6:07pm
Quoting Kasapreko
if you're trading the 15mins chart,what time frame(s) do you need to be green before you buy buy buy!!!
Thanks
Kasapreko
Kasapreko,
I don't really have a defined amount, just use your eyes and instinct. You will be able to tell how strong the trend is. Obviously the MORE green the better for buying and the MORE red the better for selling.


Also, using this system, I find a 50pip S/L a bit high for Risk:Reward especially when your trying to figure out money management based on the distance of a S/L e.g. (Capital x Risk / 100) / S/L in points or (10000 x 2 / 100) / 500 = 0.4 lot sizes. Therefore, using a tighter stop loss on more defined entries can result in using HIGHER lot sizes for the SAME RISK and potentially HIGHER return.

The S/L used is definitely up to the trader trading at the time, but looking back at my trades from the last two days, only 1 has hit the 50pip S/L. This is while I was at work, most of the others I have bailed within 18pips because I've entered in a bad position or gone against the trend and hadn't realized. For now I will be testing 40pips and 30pip S/L to see how they go.
  • #3,562
  • Dec 13, 2011 6:22pm Dec 13, 2011 6:22pm
Quoting realjumper
Indeed it is important to share the losses as well as the wins......how else can we learn? More on this shortly





If you try to trade *only* the time frame of your choice without looking at the bigger picture, you will lose......simple as that. If your chosen time frame is (say) the M5 charts and you only trade the system on that chart, and you stay focused only on that chart, you will lose. I'm not talking about looking past the H1 charts to H4, Daily, weekly, monthly etc etc.....I am saying bring up an M15 and an M30 chart and have a...
I've done babypips, I also trade other instruments and have exhaustive knowledge of other markets. Please don't presume to judge people based on conflicting opinions, not everyone is going to take your advice as gospel, and there's no reason they should. If you were the next Warren Buffet, perhaps, but you're trading like the rest of us and either supplementing or trying to make a living.

The trend is your friend, except for when it's not. It's not truly a basic FX principal, it's a piece of advice that you should expand on, and there are many many strategies that capitalize against trend following. A basic FX, trading, and life principal is supply and demand. And by definition supply and demand could not exist if everyone followed trends. Most strategies, such as this one, are about identifying trends. Obviously M5 and M15 should be used in symmetry, but it doesn't follow that M15 dictates M5. If you apply that strategy you isolate yourself from M5 trades that open M15 into a new trend, and that is the exact analysis you haven't done and purely have a speculative opinion of. You saw one of my trades go sour (it happens) and then jumped on it, it is most probably that kind of volatile and erratic conclusive assumption that pushes you out of most strategies you've previously talked yourself into.

Before the M15, M30, D1, W1 moves the M5 has to move.

I've been watching this thread since it was 10 pages long, never assume... have you heard that saying?
  • #3,563
  • Dec 13, 2011 6:31pm Dec 13, 2011 6:31pm
Quoting sawell
I've done babypips, I also trade other instruments and have exhaustive knowledge of other markets. Please don't presume to judge people based on conflicting opinions, not everyone is going to take your advice as gospel, and there's no reason they should. If you were the next Warren Buffet, perhaps, but you're trading like the rest of us and either supplementing or trying to make a living.

The trend is your friend, except for when it's not. It's not truly a basic FX principal, it's a piece of advice that you should expand on, and there are many...
So you have all this experience........and you've read this entire thread......and you trade against the trend.....LOL......right....ok then.

You obviously know everything already. Fine. Your money.......

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,564
  • Dec 13, 2011 8:15pm Dec 13, 2011 8:15pm
I found this system is good for scalping. Yesterday i entered three positions with just profit 5-10 pips and no losses. The serious problem is stoploss for scalping. I will continue to backtest some days/weeks.
Keep Simple...!
  • #3,565
  • Dec 13, 2011 9:31pm Dec 13, 2011 9:31pm
OK, so much more of the thread to read, and need to watch the EUR-USD chart in real time to see these patterns form, not to mention that trading for the year has nearly finished, but I was wondering if I am on the right path as far as reading the signals using yesterdays AUS-USD chart as an example only; can some of the longer term system followers please comment, make suggestions?

Using 15 minutes chart
1. Wait & watch for spike on cycle indicator at #1
2. Wait for break & color change of the trend line at #2 for entry
3. Other indicators to confirm with same color
4. Exit at 50 pips or trailing stops

Much appreciated, E.
Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #3,566
  • Dec 14, 2011 12:35am Dec 14, 2011 12:35am
Quoting Erebus
Using 15 minutes chart
1. Wait & watch for spike on cycle indicator at #1
2. Wait for break & color change of the trend line at #2 for entry
3. Other indicators to confirm with same color
4. Exit at 50 pips or trailing stops

Much appreciated, E.
Erebus: Thank you for the post. Quick question: Concerning the indicator on the bottom of your chart. What information are you expecting to receive from that indie while using it on your 15 min chart?
You obviously wouldn't have it there if you thought it wasn't necessary. It just looks to me that the info on it, is fragmented.
Quote from RJ: "Be advised that the indicators *may not* be "tuned in" to suit larger time frames..."

I've said that, and it's worth saying again. You might want to play around with the period settings to equalize what it's trying to give you.
Not many traders would want to trade the way I do. I am nowdays in the market 24 hours a day, and simply reversing trades based on price action, using the Symphonie sys with that crazy indie on the bottom of the previous chart. That's the reason you don't see stops on my charts, and I take them off when i'm in front of my charts.
My current trades from sunday are now around 1250 pips. That indie has a LOT to do with it. MJ is right, I do use it, even though it repaints a few bars.
That little silly indie can clue you into direction on the larger timeframes in a heartbeat. That's it's job. You MUST sync and link it to the chart you have it on. Just play around with the settings. You are the master, you MAKE it mind. That's how we learn, experimenting. You find what works for you, and then you can have ALL the credit for your wonderful discoveries!
The way I trade will NOT work on usd pairs except for audusd. I use aj, au, euraud, audchf, and possibly nz/j.
I wish I could trade like RJ/MJ on short Tframes. I can, but hr after hr is tough. 1 hr charts are better (no rush) for me.
My stops are around 300 pips (only used while sleeping), to account for potential spikes on aussie pairs. Funny how none have been challenged for 2 months. So I use them like disaster insurance. I would post losses if I had any to tell you about. Since I'm always in the market, long before losses could reach me, I've already reversed my position to stay with current trend.
While asleep, yes I give pips back to the market. Yet the ones left over seem to be more than enough. I recken I should have profit targets, but I've been using the next signal as the profit target, so NO profit targets! How silly is that.
MJ shows how she enters after roughly 3 bounces, while also looking at other indicators. that's very good. When a trend presents itself, and keeps bouncing off a ma or trendline etc, those are great entry or re-entry points, since movement is still in the same direction.
Some great pearls have been given by many in this thread.
Many ways I approach the markets are very unconventional. And I'm not advocating that beginners use my way of trading Symphonie. Perhaps I don't even belong in this thread. It just is amazing to me how many indies have been presented in this thread with some very serious logic and tweaking by some very intelligent people, just to get more of a grip on the trend and entries/exits. This is an MTF system. This is an MTF market. Lots of MTF indies are being used here. So that a good trader doesn't get lost in the forest thru all the trees, perhaps just making sure as best you can that the indies that you're using are adjusted to the closest to your current chart timeframe price action as you can get.
In the movie "Little Buddha," Reeves overhears a fisherman talking to his son..."if the knot is too tight, the line will break, if it is too loose, the fish will get away". I think this is sound wisdom in trading Fx. For me, the Periods are the key! Many of you are better traders than me. Please know this. I'm just too lazy to complicate things. It's all I can do to try to understand MJ's posts (so complicated for me). Maybe I'm just too dumb to know how to trade "correctly". Oh well, sorry for long posts. It just takes me a long time to bring some of my zen trading (tweaked) philosophies to bear. If this doesn't help, please disregard. May your mind rise to your own occassion. Peace...
May you be the Sun of your days, and the Star of your nights
  • #3,567
  • Dec 14, 2011 12:47am Dec 14, 2011 12:47am
Quoting CasinoEdge
Erebus: Thank you for the post. Quick question: Concerning the indicator on the bottom of your chart. What information are you expecting to receive from that indie while using it on your 15 min chart?
You obviously wouldn't have it there if you thought it wasn't necessary. It just looks to me that the info on it, is fragmented.
Quote from RJ: "Be advised that the indicators *may not* be "tuned in" to suit larger time frames..."

I've said that, and it's worth saying again. You might want to play around with the period settings to equalize...
Very interesting approach and post ........ thank you
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,568
  • Dec 14, 2011 1:34am Dec 14, 2011 1:34am
Quoting CasinoEdge
I'm just too lazy to complicate things. It's all I can do to try to understand MJ's posts (so complicated for me). Maybe I'm just too dumb to know how to trade "correctly".
the statement in bold is essentially wrong there is no 'correct' way of trading (i suppose you know that!).

next: there are no dumb and smart traders either, only traders who know what they are doing (and why), those who don't, and finally those who think they know but they don't (=the biggest portion of the learning curve, lol). you clearly belong to the 1st group, your posts are great and i bet not just for me, please keep posting

btw sorry to hear my posts are complicated but on the other hand thank you for telling me (you're not the first saying this so it's true and i shall think more before i post something), i don't like this fact because the things i'm trying to explain ain't complicated at all!

green pips to all of you
MarginTrader All Time Return: na
  • #3,569
  • Dec 14, 2011 2:42am Dec 14, 2011 2:42am
Hi,

Hope you guys are doing well.
Took a buy at M5. +10pips
Pivot Boss in the making~
  • #3,570
  • Dec 14, 2011 2:53am Dec 14, 2011 2:53am
Quoting jurn_e
Hi,

Hope you guys are doing well.
Took a buy at M5. +10pips
Hi Keke,

I took the same trade and the previous sell as well.....both on the M1. All closed now, +38 total
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,571
  • Dec 14, 2011 3:08am Dec 14, 2011 3:08am
I am really amazed about this system and its accuracy. Some of the people here are really great at nailing the moves. I personally dont like the short timeframes, but would really like to get the pips anyway So my question is. Does RJ, MJ or Eval have a mirror trading account somewhere??
  • #3,572
  • Dec 14, 2011 3:13am Dec 14, 2011 3:13am
Quoting Ghil
I am really amazed about this system and its accuracy. Some of the people here are really great at nailing the moves. I personally dont like the short timeframes, but would really like to get the pips anyway So my question is. Does RJ, MJ or Eval have a mirror trading account somewhere??
Hi Ghil,

I don't like the short timeframes either, but because of the time zone I live in, I have limited exposure to the 'lucrative' markets, so I have to trade accordingly.

What do you mean by "mirror trading account?"
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,573
  • Dec 14, 2011 3:15am Dec 14, 2011 3:15am
Quoting realjumper
Hi Ghil,

I don't like the short timeframes either, but because of the time zone I live in, I have limited exposure to the 'lucrative' markets, so I have to trade accordingly.

What do you mean by "mirror trading account?"
I mean like Zulutrade or other types of tradecopy service.
  • #3,574
  • Dec 14, 2011 3:16am Dec 14, 2011 3:16am
After 1 month of trading live using combination of SEFC and my own scalping strategy. I would say SEFC is fairly profitable. I will trade until 16th and have a break until January.

I trade both M5 and M15.

M5 i aim for +10pips or more, usually i close half at +10pips. it all depends on momo.
M15 i aim for +10pips only. M15 i aim for +10 only because usually i have entered a trade already in the M5.

I have set my own rules and my understanding of the system to suit me.
So for those that want to test this system, write down your observations when you have a win or loss in your logbook.
Go get a logbook and write all your observations down.

For example, when u enter in M5 with all criterias, but you still lost.
Then you look back, is it you loss because of price is near a pivot or daily open or a SR in a higher timeframe?
I have attached a chart that shows 1 of my loss.
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Pivot Boss in the making~
  • #3,575
  • Dec 14, 2011 3:20am Dec 14, 2011 3:20am
Quoting Ghil
I mean like Zulutrade or other types of tradecopy service.
I can't speak for the others, but I don't have that facility with my broker, and even if I did, I'm not sure that I'd use it.

I created a zip file that explains how to scalp the M1 charts, which I what I've been doing since London open tonight. The zip file is here, perhaps it will be useful to you?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,576
  • Dec 14, 2011 3:23am Dec 14, 2011 3:23am
Quoting jurn_e

I have set my own rules and my understanding of the system to suit me.
So for those that want to test this system, write down your observations when you have a win or loss in your logbook.
Go get a logbook and write all your observations down.
Excellent piece of advice. I do this too, and have done so for quite a long time now. It's good to keep a journal, or a logbook, it's kind of like a self teaching tool.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,577
  • Dec 14, 2011 3:26am Dec 14, 2011 3:26am
Quoting realjumper
Excellent piece of advice. I do this too, and have done so for quite a long time now. It's good to keep a journal, or a logbook, it's kind of like a self teaching tool.
Yup, your logbook is your holy grail.
What you see now, you will see again in the future.
Market patterns always repeat.
Sometimes it feels like Deja Vu when i trade : ) Matrix?
Pivot Boss in the making~
  • #3,578
  • Dec 14, 2011 3:29am Dec 14, 2011 3:29am
Quoting Ghil
Does RJ, MJ or Eval have a mirror trading account somewhere??
hi if you mean me acting as a signal provider - i will never make that, even if i become really good, i want to be responsible for my own money only.
Quoting jurn_e
After 1 month of trading live using combination of SEFC and my own scalping strategy. I would say SEFC is fairly profitable. I will trade until 16th and have a break until January.
BIG BIG BIG keep it up!
(for those who miss it - the account is a real one!)
MarginTrader All Time Return: na
  • #3,579
  • Dec 14, 2011 3:36am Dec 14, 2011 3:36am
Quoting MaryJane

BIG BIG BIG keep it up!
(for those who miss it - the account is a real one!)
Thanks.

I dont know whether i can emulate this result again on January but even getting half of this is enough for me as a part time trader.

Anyway in the graph there is a big dip, its because i entered in a ranging market and my position was going nowhere. Just gyrating in a 10 to 20pips loss.
So i locked my position. The next thing i know the EU rallied 200 over pips in 15 minutes, if you can remember that day.

So i unlocked my sell during the pullback and ride the trend up with my Buy.
Taking full profit at the top.

Just sharing.
Pivot Boss in the making~
  • #3,580
  • Dec 14, 2011 3:55am Dec 14, 2011 3:55am
Quoting jurn_e
So i unlocked my sell during the pullback and ride the trend up with my Buy.
Taking full profit at the top.

Just sharing.
I thought it was a hedge well done!
the curve looks very good keke, the risk is perhaps a bit too high for my taste but it seems you can afford it! 250 trades are a nice sample already and the peaks/valleys equally distributed along the mean:
Attached Image (click to enlarge)
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MarginTrader All Time Return: na
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