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Symphonie Trader System

  • #6,601
  • Feb 23, 2012 8:49am Feb 23, 2012 8:49am
thank you Seabreeze for the help.
it seems one good choice, tomorrow i will try.


Quoting Seabreeze
Are you waiting for the exteme with colour and close of the candle that spawned it for exit.

you might be better setting your stops at swing high for sell trades and swing low for buy trades instead of using the extreme as an exit..

There were two trades today trading this style one around 50 pips and one around 40 pips..

Just try tomorrow on 5min with demo and which feels best for you....if you are not sure what swing highs and lows are there pleanty of info out there to help you..
  • #6,602
  • Feb 23, 2012 11:53am Feb 23, 2012 11:53am
With the break of the down channel last week the EURUSD has made a very nice run up to the 1.33500 mark where it appears to be stalling. Now that this movement appears to be stalling it gives one a chance to look at the overall structure and make some assumptions.

The price action has formed a very nice ascending wedge pattern that is a Bearish pattern so we can look for a turn in the EurUsd soon based on the structure of the wedge formation. This reversal could very possibly be in the form of a double top where we have two equal levels and price action quickly reverses at about the same high....(within 30 pips of each other.) In any event the signal will be a long wicked candlestick demonstrating that price action has stalled for a second time and the bulls are being repulsed by the bears.

The bottom of the wedge will be the place to watch for sell signals which should cause a Symphonie Signal to tell us when and where to place your sell orders. So, my advice is sit back and watch the fireworks are the bulls and bears kill each other until the new trend direction takes form. I imagine there will be many large whipsaws in price actions over the next few days and think this will resolve itself some time the middle to end of next week.

So, keep close watch on your Symphonie Signals and be ready when the warning bell sounds because the next Euro Drop may be the big one that according to analyst will drop to the 1.15 area....

Best of Luck,

Evaluator.:nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 157.jpg Size: 182 KB
  • #6,603
  • Feb 23, 2012 1:39pm Feb 23, 2012 1:39pm
The last days i made some observations which could be interesting.

My focus is first on the Trendline Indicator. I rewrote them, that the CCI Period is the ATR(20)*3 formula. This calculation is used in the THV4 Info panel.
At low liquid times the CCI Period would then be low as 5-7 Points(Period) like it is now. You will get earlier entries and so the SL would be lower if the trade goes wrong.
In high liquid times the CCI Period would then be 20-35 Points( depends on the TF you use) and whipsaw action would then mostly be ignored but you will get good entries if a trend starts.

Another observation is, if you use the Trendline as SL Stopp. This seems often a very good trailing in good trend and a low SL Risk in choppy times.
If you look into the 5m TF EURUSD you will have a long entry at about 15.10 GMT and is already open with 85 Pips. only close position if the actual bar closes after a Trendlinecross or pre-close if it is a high volatile candle. most of the time, if the candle crosses the color will change. and a reverse entry will hapen or a reentriy into trendcontinuation.

my 3rd observation is mostly known. if, for example, you are trading in the 1m TF. If this open trade generates later an entry in the 5m then manage this trade in the 5m TF. If this trade will not be stopped out and generates another entry a while later in the 15m or 1h then manage it in this higher TF.
this technic has two sides. You need to protect it with BE in the lowest TF (1m). and then let it run until it is gone. if a new signal appear take this trade too. and if you are in the beginning of a long trend you could have many entries and build a very profitable pyramide. it is the same technic like the equitiy millipede method, but with a sound entry system.
the other side is, that you could stopped out a lot but most of the time at BE.

think about it. adopt it or forget it.

Good N8

Mediator
  • #6,604
  • Feb 23, 2012 1:45pm Feb 23, 2012 1:45pm
Quoting yelena
in the 9:30 trade, i received both M5 and H1 signals. so I followed H1.

the 11:55 counter trade was purely PA, no symphonie there but i still used fibo for exit

the 14:55 were simultaneous M5 and H1, so i still used H1.

the 16:25 was an M5 so i used M5. however, i did received H1 3 bars afterwards, but that was already TP1 in M5 so i bagged what i could.

makes sense?
What I meant was, on your template you have in your settings to use atr for the tp and sl lines. I don't understand why you have those settings if you don't use atr.
  • #6,605
  • Feb 23, 2012 3:15pm Feb 23, 2012 3:15pm
Quoting Evaluator
With the break of the down channel last week the EURUSD has made a very nice run up to the 1.33500 mark where it appears to be stalling. Now that this movement appears to be stalling it gives one a chance to look at the overall structure and make some assumptions.

The price action has formed a very nice ascending wedge pattern that is a Bearish pattern so we can look for a turn in the EurUsd soon based on the structure of the wedge formation. This reversal could very possibly be in the form of a double top where we have two equal levels and price...
I agree with your analysis Eval. I hope you are right about it being the big one. Iīm pretty loaded with shorts right now.

Take care.
Observation is the path to discovery.
  • #6,606
  • Feb 23, 2012 3:36pm Feb 23, 2012 3:36pm
Bearish divergence on the H1 (CCI)
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 120 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,607
  • Feb 23, 2012 4:40pm Feb 23, 2012 4:40pm
Good morning from my country to all mentors here
I m new to be here, i m so excited to join you guys, really.
1st, of all, thank you so much to Eval, RJ, Sea, and so much more who contribute for this very very very cool indicator, Symphonie.


  • #6,608
  • Feb 23, 2012 5:31pm Feb 23, 2012 5:31pm
Quoting yelena
but did you get both 16:25 of both AU and AJ? that's 14 and 11 pips each for TP1

428+14+11=453 pips this week! yey:nerd:

yelena, I have the tpl loaded and everything looks good. I am wondering, you say "wait for signals" I assume when the conditions line up, the signals will come? Correct. Because all I see is the attached. I doesnt look much likeyours. I have it loaded on the audusd both 5m and 1h. Am I doing this right?
Attached Image
  • #6,609
  • Feb 23, 2012 5:36pm Feb 23, 2012 5:36pm
Quoting tmoney5474
yelena, I have the tpl loaded and everything looks good. I am wondering, you say "wait for signals" I assume when the conditions line up, the signals will come? Correct. Because all I see is the attached. I doesnt look much likeyours. I have it loaded on the audusd both 5m and 1h. Am I doing this right?
You have all fancy, money management, TP, SL, signals in addition to what I see.... Is that what pops up when signals come in? Just trying to clearify. I have a GREAT understanding of the strat, just looking for a simple way to find entries. You also mention using 5m with 1h. Can you explain further. Is this like Eval using the 4H trend as the confirmation? Just trying to grasp what you have going on since it seems to be working so well. Any help with what your doing would be great. Thanks
  • #6,610
  • Feb 23, 2012 6:25pm Feb 23, 2012 6:25pm
Yelena,

What is the best tp method for the symphonie Signaler?
ATR or Fibo?
I don't know which to pick, suggest me please.
  • #6,611
  • Feb 23, 2012 7:37pm Feb 23, 2012 7:37pm
Quoting liaw1990
Yelena,

What is the best tp method for the symphonie Signaler?
ATR or Fibo?
I don't know which to pick, suggest me please.
Not being Yelena... here are some of my thoughts.

Somehow I had an influence on the fibo part of the signaler. What it comes down to is what fits your personality, and yes this is vague. In the end I am sure there isn't much difference between the two, looking at the longer term performance on many trades. In short term, not so many trades, there could be a huge difference.

How would I know? Cause I have tested lotīs of exit strategies, from trailing to fixed targets, with or without small stop/losses, single fixed targets or multiple fixed targets. ATR based, atr/cci based, fibo based, pivot based or parabolic sar based. In the end there wasnīt much difference over a large number of trades. The one thing that matters is you.

Do you want to catch all of a large steep movement when itīs there, then a trailing stop might be ok as long as youīre not stopped out in a small pull back. ATR will do, just as parabolic sar or supertrend.

Do you want to collect some pips with a nice fixed RR, then expansions might be ok, as is atr, as long atr is fixed in pips over a certain period and not working like a trail.

Do you want to use s/r, then you might want to look at pivotīs, fibo and round numbers.

In the end there are so many possibilities and today one will be better then the other, tomorrow that can/will change. In the long run there is not so much difference.

My advice would be for the potential targets to be at least twice your stops. On the other hand, Jurn-e did a great job, just collecting 10pips a time....

So search for what fits your plan and personality. Ask for the experience of the ones that trade this or a similar strategy. So Yelena would be a good start. But keep in mind that what suits Yelena, doesnīt have to suit you.

I sticked to the fibo expansion for the last few years after I tested different exit styles. I am not there to sit for the large trend, I want to grab some pips with a nice RR.

pbb
  • #6,612
  • Feb 23, 2012 7:52pm Feb 23, 2012 7:52pm
Quoting yelena
please launch a new chart and kindly load my template on M5 and H1. signal 1.7 will signal you when to position what. i attached signals 1.7 too (put this in the indicators folder). ensure that you have all the main indies from post #1

white means bull HA candle, red means bear HA candle. i did it like that so i can still see the candles behavior

im using real money too but i had 6 months to test it (and curse it). get the feel first.
Yelena,

I have carefully followed your post and I find very interesting.

I have a question, for confirmation of your entry you use in 1 hour, H1 or H4 Heikin Trend?

Thank you very much.
Enter Signature
  • #6,613
  • Feb 23, 2012 10:16pm Feb 23, 2012 10:16pm
Quoting liaw1990
Yelena,

What is the best tp method for the symphonie Signaler?
ATR or Fibo?
I don't know which to pick, suggest me please.
Yelena draws a fibo expansion for her tp and sl.
  • #6,614
  • Feb 23, 2012 10:18pm Feb 23, 2012 10:18pm
Quoting tmoney5474
You have all fancy, money management, TP, SL, signals in addition to what I see.... Is that what pops up when signals come in? Just trying to clearify. I have a GREAT understanding of the strat, just looking for a simple way to find entries. You also mention using 5m with 1h. Can you explain further. Is this like Eval using the 4H trend as the confirmation? Just trying to grasp what you have going on since it seems to be working so well. Any help with what your doing would be great. Thanks
There is a built in screen print done everytime you have a signal, so go to .../experts/files/symphonie_signals and you will see the screen prints everytime it has given a signal.
  • #6,615
  • Edited 10:46pm Feb 23, 2012 10:38pm | Edited 10:46pm
Quoting Evaluator
With the break of the down channel last week the EURUSD has made a very nice run up to the 1.33500 mark where it appears to be stalling.
.....
Best of Luck,

Evaluator.:nerd:
Eval,
Enjoyed reading your analysis and had set up my ambush with a Stop Order.
Had begun setting up your system and got distracted with Al's spin off, which is promising as well. Need to decide which suits my risk profile better.
Exits seem to be my problem and would appreciate guidance on staying the course instead of baling out at the first hint of weakness.
See attached.
Thanks,
EP
Attached Image (click to enlarge)
Click to Enlarge Name: eval.gif Size: 49 KB
  • #6,616
  • Edited Feb 24, 2012 4:59am Feb 23, 2012 11:48pm | Edited Feb 24, 2012 4:59am
too many complicated questions... my nose is bleeding.

1. re signaler: if it says buy, i buy! (and vice versa), whether in M5 or H1 assuming it hasn't reached yet its TP1/TP2.

2. to olivia: I keep the ATR coz its handy esp when the signal is spawned im in M5 and no back up signal from H1. so i can cutloss immediately just incase the signal is fluke or counter trend

3. to pbb: correct, you are the one who gave this idea to us. and thank you so much for completing the equation. symphonie: excellent entries, ATR/Fibo: spectacular exits (whether cutloss or TP)!

i don't understand pivots and S/R. so im not using it. at the moment, it will just cloud my judgement.

symphonie is very systematic in every approach. so i embraced the fact that exits should be the same. the market will never consistently give me perfect set-ups. so when it provides one, ill take it- win or lose. potential wins.. they are just "potentials".... i like real tangible results.
  • #6,617
  • Edited Feb 24, 2012 2:41am Feb 23, 2012 11:51pm | Edited Feb 24, 2012 2:41am
Quoting tmoney5474
yelena, I have the tpl loaded and everything looks good. I am wondering, you say "wait for signals" I assume when the conditions line up, the signals will come? Correct. Because all I see is the attached. I doesnt look much likeyours. I have it loaded on the audusd both 5m and 1h. Am I doing this right?

well, you don't have a signal yet, that's why it's clean. as soon as you receive a valid one, the image gets crowded like the last attachment you looked at.
  • #6,618
  • Feb 23, 2012 11:55pm Feb 23, 2012 11:55pm
Some great technical and fundamental analysis from one of the very few analysts I like to read: Joel Kruger
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,619
  • Feb 23, 2012 11:56pm Feb 23, 2012 11:56pm
Quoting yelena
too many complicated questions... my nose is bleeding.

1. re signaler: if it says buy, i buy! (and vice versa), whether in M5 or H1 assuming it hasn't reached yet its TP1/TP2.

2. to olivia: I keep the ATR coz its handy esp when the signal is spawned im in M5 and no back up signal from H1. so i can cutloss immediately just incase the signal is fluke or counter trend

3. to pbb: correct, you are the one who gave this idea to us. and thank you so much for completing the equation. symphonie: excellent entries, ATR/Fibo: spectacular...
Yelena, you make a significant point in number 2 and 3. From my observation if you got a short signal followed by a long. ATR could be your guide, if ATR is higher on the second signal usually price will rise and the first signal would be invalid. Cutting your position on first signal and take the second would be the best for most case.
  • #6,620
  • Feb 24, 2012 1:41am Feb 24, 2012 1:41am
[quote=yelena;5413240]i envy those who knocks 100+ pips in 1 sitting. but i made an apples-to-apples comparison in those 7 months of simulation (i only demo'ed sympnohie for roughly 6 months) of waiting for the 100's vs bagging what i can. and the bagging outweighed the 100's by staggering 1300%

I agree with you here Yelena. Also, I just expanded my operations to include the GU, got a long signal today on the H1 at 1.5779 target 1.5813 stop 1.5755 with the Fib Expansions, (thanks to PBB for that!) but you know I will take what I can if price action stalls.
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