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Symphonie Trader System

  • #4,141
  • Jan 12, 2012 12:46am Jan 12, 2012 12:46am
Quoting FXSwissTrade
If you're asking this question, I hope you're not trading live. I don't think anyone here trades during a sideways market. It is better to get into a trade once you have an idea what direction it is going. The tools given here just helps you with confirmation. Don't trade live until you're extremely comfortable and trade only with money that you are not afraid to lose or else you'll lose it.

Most successful trader do not go live at least for 6mos-1yr they trade in a virtual account. There's more to understanding the market then to FULLY rely on...
Perfectly agree with you! Do not burn your account, burn those demo account instead .

I have been monitoring this thread for a week, doing some back and forward testing, crunching some numbers. This system require the user to have some trading experiences, at least to recognize those S/R level and candlestick patterns and formation. For this week, I have 7 wins out of 7 trade for this system. Thank you for Evaluator, this is a good system (at least useful to read a trend).


Regards,

Bypasser

PS: I take an early entry with lower SL(35 pips), so far it still works.
  • #4,142
  • Edited 1:00am Jan 12, 2012 12:50am | Edited 1:00am
Quoting FXSwissTrade
Don't worry about it Eval. Every now and then you're going to get a bad apple in here. 99.99% of the posters in this forum are greatly appreciative of this system. I for one can say Thank you sincerely for this system. Just yesterday alone, over 100+ pips. We will have bier together when I come to Germany. You are in Munich or Berlin?

I prefer München...besser bier und schöne Leute.

I am no ego to hurt. I make money with my system and has no change in 3 years. If people do not like it then they no like and they have my best wish to find new system that suit them. I will continue with what I have because it works in both trend and consolidation markets.

Eval.
  • #4,143
  • Jan 12, 2012 12:50am Jan 12, 2012 12:50am
Extremely volatile market this morning. Lots of whip lashing. Was already caught up in one. Didn't want to hold on to the position so cut out early. I might sit this morning out and see what happens once the ECB speech is concluded. Too much indecision this morning between bears/bulls.
  • #4,144
  • Jan 12, 2012 12:54am Jan 12, 2012 12:54am
For EURUSD take a look at this D1 chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 7.png Size: 69 KB
  • #4,145
  • Jan 12, 2012 12:58am Jan 12, 2012 12:58am
Quoting Evaluator
I prefer München...better bier and nicer people.
LOL. I agree totally! Not far from me. Maybe Galva can come with. Happy trading today.
  • #4,146
  • Jan 12, 2012 12:59am Jan 12, 2012 12:59am
Quoting Passerby
Perfectly agree with you! Do not burn your account, burn those demo account instead .

I have been monitoring this thread for a week, doing some back and forward testing, crunching some numbers. This system require the user to have some trading experiences, at least to recognize those S/R level and candlestick patterns and formation. For this week, I have 7 wins out of 7 trade for this system. Thank you for Evaluator, this is a good system (at least useful to read a trend).


Regards,

Bypasser

PS: I take an early entry with lower SL(35 pips),...

Yes., NEVER trade a new system with real money. Always demo trade to prove to you that you can do it and are comfortable with it functionality and change in condition and signals. I would suggest trade the system with demo dollar for a minimum 30 days and use strick rules and not make any change regardless. Then at the end of 30 day you should see more money in demo account than you loose. After all that is the whole purpose right? YOu make more than you loose???

I have an 80% success rate with Symphonie System and I have posted the results on Post#1 to back up my claim. So you are free to read for yourself. I even turn into signal service for a while and posted my orders the charts and the final results. All one has to do is read my posts.

The key to successful Forex trader is solid plan, proper money management, and the discipline to state consistant in follow of the plan. Once you comprimise then you have destroyed all you work for because you are no longer consistant.

''Consistancy is the KEY to trading success!''

Eval.
  • #4,147
  • Jan 12, 2012 1:05am Jan 12, 2012 1:05am
You can see from the attached Daily chart that we haven't had a decent retrace for some time now, and that the bullish divergence *might* be a 'heads up' for a retrace.

Nothing is for sure, but something to keep in the back of your mind
Attached Image (click to enlarge)
Click to Enlarge Name: eu_daily.jpg Size: 85 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,148
  • Edited 1:24am Jan 12, 2012 1:07am | Edited 1:24am
I hope people are paying attentions as to what is developing on the EURUSD. Great potential here!!! Watch the bottom of the bear flag at 1.26950 a close below that level will be indication euro drops lower.
Attached Image
  • #4,149
  • Jan 12, 2012 1:10am Jan 12, 2012 1:10am
Quoting Evaluator
If you find yourself in a sideways market to avoid whipsaws you may wish to modify the trendline input settings to 63 18 which will make the conditions for change of the trendline harder. By increasing these settings in trendline you will see that the factors for a signal become harder and you then will beable to enter the market once the market begins to trend again. Also, make sure you are paying attention to the 240 row of the Heiken Ashi indikator that will help to keep you in the direction of the overall trending of the market.

Lasty,...
Evaluator i appreciated your advise...after i look your system, i found my spirit of forex becomes alive in my heart...you are a good people.God bless you.thanks.
  • #4,150
  • Jan 12, 2012 1:14am Jan 12, 2012 1:14am
Quoting Evaluator
I hope people are paying attentions as to what is developing on the EURUSD. Great potential here!!!

Eval. What is your analysis? What do you think of the ECB speech today and which way the market will swing?
  • #4,151
  • Jan 12, 2012 1:14am Jan 12, 2012 1:14am
thanks for Evaluator, Bypasser,FX swiss....yup...symphony made me become more confident to trade live forex...since i joined this thread, i found you are very brave person....i hope that we all here can find solution together. Congratulation to all my friends of symphony system.
  • #4,152
  • Jan 12, 2012 1:26am Jan 12, 2012 1:26am
I agree with Evaluator. From the chart that I post you could see, a possible head and support formation plus a bear flag(on Evaluator's chart). On the other side, the price hit a support level(two of them, look the price line in the chart I post earlier).

This could be a perfect recipe for a whipsaw, today for EURUSD I would only take a short position. If the two support are breached with decent volume, might be today or tomorrow, this could mean a downtrend for next week.
  • #4,153
  • Jan 12, 2012 1:28am Jan 12, 2012 1:28am
Quoting Passerby
I agree with Evaluator. From the chart that I post you could see, a possible head and support formation plus a bear flag. On the other side, the price hit a support level(two of them, look the price line in the chart I post earlier).

This could be a perfect recipe for a whipsaw, today for EURUSD I would only take a short position. If the two support are breached with decent volume, might be today or tomorrow, this could mean a downtrend for next week.
Be careful not to get married to an idea my friend.....it's good to be aware of these things, but you must remain flexible.....bend like a tree in the wind
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,154
  • Jan 12, 2012 1:28am Jan 12, 2012 1:28am
Quoting Passerby
I agree with Evaluator. From the chart that I post you could see, a possible head and support formation plus a bear flag(on Evaluator's chart). On the other side, the price hit a support level(two of them, look the price line in the chart I post earlier).

This could be a perfect recipe for a whipsaw, today for EURUSD I would only take a short position. If the two support are breached with decent volume, might be today or tomorrow, this could mean a downtrend for next week.

1.26950 is now the level to watch. I would not sell until a break this level.
  • #4,155
  • Jan 12, 2012 1:36am Jan 12, 2012 1:36am
That's mean you are a prudent one my friend. I on the other side are the type who take a little bit more risk and take a short with tight SL on the new high in hope for a small gain (I won't use the signal from your system as I expect a ranging market today).
  • #4,156
  • Jan 12, 2012 1:36am Jan 12, 2012 1:36am
Spanish bond auction results in 5 minutes......probably a non event but you never know!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,157
  • Jan 12, 2012 1:46am Jan 12, 2012 1:46am
For all you fans of Elliott waves...EURUSD 1 hour timeframe
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 112.jpg Size: 61 KB
  • #4,158
  • Jan 12, 2012 1:52am Jan 12, 2012 1:52am
We have some activity here, could be a new high or a resistance break.
Attached Image (click to enlarge)
Click to Enlarge Name: 9.png Size: 55 KB
  • #4,159
  • Jan 12, 2012 1:57am Jan 12, 2012 1:57am
Quoting Passerby
We have some activity here, could be a new high or a resistance break.

I think 1.27500 is the level to watch if we go higher. If euro can break and hold above 1.27500 then we go higher. the bottom of bearflag now moves from 1.26950 to 1.27170
  • #4,160
  • Jan 12, 2012 2:02am Jan 12, 2012 2:02am
Spanish auction results: Spain sold Euro9.98bln (target of Euro 4-5bln)



Sold Euro 4.27 bln of new 4% July 2015, yield 3.384% , cover 1.8
Sold Euro 2.5 bln of 3.25% April 2016, yield 3.748% (vs 4.871) , cover 2.21 (vs 2.9)
Sold Euro 3.21 bln of 4.25% October 2016, yield 3.912% (vs 4.848) , cover 1.71 (vs 1.62)
Overall a very positive auction with double the target amount sold and the EUR rallying on the back of it around 1.2740


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