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Symphonie Trader System

  • #4,641
  • Jan 25, 2012 6:02am Jan 25, 2012 6:02am
Quoting Evaluator
Greece needs to default and get this crap over with. It is hurting market performance and giving me an ulcer!
Yeah.....it's been hurting more and more people around the EU since Greece first got caught cooking the books 2 years ago.....a default then would have saved all this crap from happening now.....and Greece would be 2 years into it's economic recovery by now......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,642
  • Jan 25, 2012 6:03am Jan 25, 2012 6:03am
Quoting Evaluator
Nope. ECB on newswire saying they are against taking any losses on Greek debt holdings.
Yeah.....that's what I meant....there was no way ECB were going to be happy about taking any sort of loss.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,643
  • Jan 25, 2012 6:53am Jan 25, 2012 6:53am
Sell signal on AUDUSD on a possible bear flag, stoch didn't agree yet. Waiting now!
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  • #4,644
  • Jan 25, 2012 6:55am Jan 25, 2012 6:55am
Quoting Passerby
Sell signal on AUDUSD on a possible bear flag, stoch didn't agree yet. Waiting now!
Way too early I think !
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  • #4,645
  • Jan 25, 2012 7:10am Jan 25, 2012 7:10am
Yup, I enter on the next signal. +8 pips for now

BTW, loaded your 1.8 symphony signal. Kinda slowing down my system. Maybe I open too many chart (7 pairs)

Edit: An extreme spike show plus emotion changed, closed for 6.9 pips LOL. From my observation symphony system is very good for scalping purpose.
  • #4,646
  • Jan 25, 2012 7:14am Jan 25, 2012 7:14am
Hi all!

Now the entry with this system works well for me, much thx to the signal indicator

One question to you all making good pips from this system,

what Exit do you use?

I have of course read all in the thread and first post, but I have hard to make up my mind of what to use, I am all to trigger happy and often get out to early,

What I am looking for is the best mechanical exit to use, so I can overcome my fear riding the winner???

Best Regards KennyForex
  • #4,647
  • Edited 7:34am Jan 25, 2012 7:24am | Edited 7:34am
Quoting KennyForex
Hi all!

Now the entry with this system works well for me, much thx to the signal indicator

One question to you all making good pips from this system,

what Exit do you use?

[color=black][font=Verdana]I have of course read all in the thread and first post, but I have hard to make up my mind of what to use, I am all to trigger...
Well, from my side it looks like this system work best if you understand some technical analysis. If you fell that market going nowhere like now, it best to exit right away if extreme spike showed. When market is active exit right away if two of symphony matrix take opposite direction. In busy hours you should look for strong support/resistance, chart pattern, and fibo level. I would exit on strong S/R even if symphony system haven't suggest you to exit, usually the warning to close your position came a little bit late and the pips you get won't be as much as if you exit right away. If you are not sure exit half when extreme spike pop out.

I don't worry too much about my exit, the most important for me when to enter position. As long as symphony system and stochastic is in the same side I would enter.

I hope this would help. Eval or RJ should have more experience on this, but I am okay with how I trade.

AND, often symphony signal showed on flag formation DO NOT enter any position against the flag direction. Trust me, most of the time you will avoid unnecessary losing trade.
  • #4,648
  • Jan 25, 2012 7:27am Jan 25, 2012 7:27am
Bullish stochastics divergence right now on e/u 5M.
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  • #4,649
  • Jan 25, 2012 7:59am Jan 25, 2012 7:59am
Quoting lhDT
Bullish stochastics divergence right now on e/u 5M.
Nice observation, that's one worth almost 20 pips. It's a shame I read your post too late.
  • #4,650
  • Jan 25, 2012 8:47am Jan 25, 2012 8:47am
Quoting Passerby
Nice observation, that's one worth almost 20 pips. It's a shame I read your post too late.

Passerby,

Let me introduce you to this little indikator system called ''Symphonie'' I think its great and it may help you with market signals as you no longer need to rely on lhDT's thread posts.

Big Grin....

Eval.
  • #4,651
  • Jan 25, 2012 9:06am Jan 25, 2012 9:06am
Quoting Evaluator
Passerby,

Let me introduce you to this little indikator system called ''Symphonie'' I think its great and it may help you with market signals as you no longer need to rely on lhDT's thread posts.

Big Grin....

Eval.
  • #4,652
  • Jan 25, 2012 9:19am Jan 25, 2012 9:19am
many times i have set aside the need to learn some price actions, at least even the bare basics of it. but since last week, i learned it is so helpful!

1. i understand now why the bar has to close before taking the signal - because if it's a pin bar opposite the signal, then the trade will likely fail or you will experience the needless tummy ache of floating -35pips, when you could enter at the pin bar to the direction of the trendline.

2. i also understand now that if the supertrendline pierces thru the candles, that is a pure ranging market. so that's the queue to apply ranging strategies: and best i found is RJ's M1 but just using pin bar / bars with long tails + MA.

3. and back in november, i was suspecting that supertrendline was a leading indicator. i realized it measures the divergence (i.e. price + MACD divergence): when it changes color while in a straight line, it just means it's signaling a trend change.

just with this system, i understood how to be a better trader in less that what i would probably have to learn in 5 years.

and having that tradesimulator to learn in fastforward while applying your indicators and get to trade as well --- is awesome!

FF is not just forexfactory, it's fastforward learning.

Thanks for all of you folks who shared and continue to share your knowledge. This specific forum is really one of a kind!
  • #4,653
  • Jan 25, 2012 9:25am Jan 25, 2012 9:25am
Quoting Evaluator
Passerby,

Let me introduce you to this little indikator system called ''Symphonie'' I think its great and it may help you with market signals as you no longer need to rely on lhDT's thread posts.

Big Grin....

Eval.
But a few additional pips wouldn't hurt.
  • #4,654
  • Jan 25, 2012 9:41am Jan 25, 2012 9:41am
Quoting yelena

3. and back in november, i was suspecting that supertrendline was a leading indicator. i realized it measures the divergence (i.e. price + MACD divergence): when it changes color while in a straight line, it just means it's signaling a trend change.
sorry but i don't understand what you want to explain
  • #4,655
  • Jan 25, 2012 10:01am Jan 25, 2012 10:01am
Quoting lhDT
You will never have a signal from the weekly chart as signals are disabled in that period.

Hi Lio,

Ok, I’m back now with that issue … here is the screenshot.
I have all the charts set to M5. As you can see the refresh process takes place every 5 minutes.
Each time I get a sell signal with “W1” which I think refers to the weekly chart.
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  • #4,656
  • Edited 11:05am Jan 25, 2012 10:43am | Edited 11:05am
Quoting bobmorloc
sorry but i don't understand what you want to explain
price action (PA) + MACD divergences (HH on price PA + LH on MACD = long, etc), signifies when the market is ready to make a trend change from the prevailing one. and that's when the supertrendline changes color/ then it hooks to confirm entry. but using the trade simulator and from my many almost-failed entries, i learned to wait for that bar to close to determine whether i go with the trend or wait for the pull back to enter at a batter price. full bars = go ahead and enter the next bar. long tails, expect a pull back or full reversal (whipsaw). the pin bar's PA will help you determine when to enter following the trend of the supertrend.

yeah, waiting for the bar to close allows me to lose possible pips if i have entered earlier. but countless times it saved me pips or the fact that i have a floating loss before the price eventaully goes to the way of supertrendl - the psychological effect is extremely lessened.

like right 50 mins ago, there was a bullish trend in M5 but closed a pin bar. knowing that the candles were piercing thru the supertrend i checked out M1 and it too was a pin bar. so i sold at 1.3012. when the M5 bar at 18:50 GMT closed with a log tail, i exited at 1.2979. tada! 33 pips nett of spread! wonderful isn't it?

google "price action strategies". it's really simple, and down right obvious (stupid), but these were signs i failed to see before.
  • #4,657
  • Jan 25, 2012 11:12am Jan 25, 2012 11:12am
So far, 6 wins 0 losses!
  • #4,658
  • Jan 25, 2012 11:40am Jan 25, 2012 11:40am
Quoting miw14
So far, 6 wins 0 losses!
Good for you, just remember not to be careless. BTW, what just happened! I was shorting USDCAD when suddenly heikin on EURUSD changed color and buy signal appear. I was at my ARS limit so I ignore it then suddenly it jump 50+ pips.
  • #4,659
  • Jan 25, 2012 11:43am Jan 25, 2012 11:43am
Quoting Passerby
Good for you, just remember not to be careless. BTW, what just happened! I was shorting USDCAD when suddenly heikin on EURUSD changed color and buy signal appear. I was at my ARS limit so I ignore it then suddenly it jump 60+ pips.
Fed interest rate policy and FOMC statement. These are huge market movers. Good rule of thumb is not to enter trade 30 min before such an event.
Follow the money --Mark Felt (Deepthroat)
  • #4,660
  • Jan 25, 2012 12:07pm Jan 25, 2012 12:07pm
bought 1.2982 and out at 1.3060. it has the potentila to go further but i have achived my daily 100pips , 32 + 33 + 10 + 78 = 153, can't ask for more.

this is what i was saying, symphonie really allows us to piggy-back ride with the big banks! thanks so much eval for introducing your system to us!

good night
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