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Symphonie Trader System

  • #7,181
  • Mar 1, 2012 7:00am Mar 1, 2012 7:00am
Quoting realjumper
Well, for what it's worth.....I never have used the auto refresh indi. I found it to be unreliable and I just got into the habit of doing a quick TF change to update the chart. It's no big deal......

RJ. Are you using arrows as confirmation or entry? If not, can you explain briefly your entry rules? Are you also trading 1hr+5min TF? Thank you RJ.
  • #7,182
  • Mar 1, 2012 7:03am Mar 1, 2012 7:03am
How is everyone trading U.S fundamentals today? So volatile today.
  • #7,183
  • Mar 1, 2012 7:04am Mar 1, 2012 7:04am
Taking a small short here.
Pivot Boss in the making~
  • #7,184
  • Mar 1, 2012 7:09am Mar 1, 2012 7:09am
Quoting FXSwissTrader
How is everyone trading U.S fundamentals today? So volatile today.
As long as the signals are still working thats all I worry about, and they are. I don't mean the signaller, just the independant signals with the matrix.
  • #7,185
  • Mar 1, 2012 7:10am Mar 1, 2012 7:10am
Quoting FXSwissTrader
RJ. Are you using arrows as confirmation or entry? If not, can you explain briefly your entry rules? Are you also trading 1hr+5min TF? Thank you RJ.
The arrows are the final piece of confirmation I want to see, but I will enter a trade if everything else lines up in favour of entering the trade. If the trade is a result of a decent reversal in PA, then I expect the arrow to be late. If the market is trending or has been quiet, the arrow will be right on time. If everything looks good and I enter without waiting for the arrow, I expect to see it within 2 or 3 candles......and if I don't see it, I become a little concerned!!!

No I'm not trading the 1hr+5min TF. I look at the H1 every now and then to see what's going on, but I mainly trade the M5 and sometimes M15. I trade M1 from time to time when the M5 won't give up it's pips!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,186
  • Mar 1, 2012 7:10am Mar 1, 2012 7:10am
Quoting jurn_e
Taking a small short here.
Have you only just started trading today Jurn_e?
  • #7,187
  • Mar 1, 2012 7:12am Mar 1, 2012 7:12am
Quoting FXSwissTrader
How is everyone trading U.S fundamentals today? So volatile today.
Not too worried about fundamentals......everything I need to see is on the charts
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,188
  • Mar 1, 2012 7:14am Mar 1, 2012 7:14am
Quoting maudur
It depends on what TF you have the Signaler. If you use H1, then the refresh will be each hour.
even if i use m1 or m5 or h1 its the same it never refresh.......

manilaspurs i have the same prob and i do the same thing in order to refresh it but that doesnt work...i think its has a prob with the refreshing....

All the rest you dont have any problem ???
  • #7,189
  • Mar 1, 2012 7:15am Mar 1, 2012 7:15am
how everyone doing with this. Still loving it.

I stick to my original 10 pips TP, 20 SL.
Time window 0730-1630 GMT. 5 min chart. 2 columns blue/red before trigger entry.

This week:
Monday +50
Tuesday +10
Wednesday 0 (crazy day)
Today +30

Matrix 1.7.
+90 for the week.
EURUSD only.
Get a good broker, you'll need it.

Hope you all have a good week
  • #7,190
  • Mar 1, 2012 7:17am Mar 1, 2012 7:17am
Quoting gregh286
I stick to my original 10 pips TP, 20 SL.
2 winners to be breakeven if you had one loss ? Wow, not for me !
#### Follow me at @LioH_ on Twitter ... ####
  • #7,191
  • Mar 1, 2012 7:18am Mar 1, 2012 7:18am
Quoting realjumper
The arrows are the final piece of confirmation I want to see, but I will enter a trade if everything else lines up in favour of entering the trade. If the trade is a result of a decent reversal in PA, then I expect the arrow to be late. If the market is trending or has been quiet, the arrow will be right on time. If everything looks good and I enter without waiting for the arrow, I expect to see it within 2 or 3 candles......and if I don't see it, I become a little concerned!!!

No I'm not trading the 1hr+5min TF. I look at the H1 every now and...

Thank you RJ
  • #7,192
  • Mar 1, 2012 7:23am Mar 1, 2012 7:23am
Quoting lhDT
2 winners to be breakeven if you had one loss ? Wow, not for me !
It really all depends on how high the win/loss ratio is. We could do 1:1 RR all day and think thats great, but as the stop loss varies for each trade, we could have 1 winner of 20 pips and a loss of 60 pips, so 1:1 RR is only any good if the stop loss and take profit remain static.
  • #7,193
  • Mar 1, 2012 7:27am Mar 1, 2012 7:27am
Quoting lhDT
2 winners to be breakeven if you had one loss ? Wow, not for me !
You are looking at it in non mathematical terms.
First you never consider 1st time strike rate.
I am hitting 85% strike rate. Only 3 per 20 lose.

Also, if you double up after loss you can recover loss in next trade.
Odds of 3rd loser in row is region of 350/1.

Also, you only risk 20 pip a time.
You have predetermined risk.
Get a broker with 0.4-0.5 spread. I used IGmarkets (0.8), but now I move to FXdirectmarkets (fxdme.com) as IG started to hang orders on me.
Typical MM.
  • #7,194
  • Mar 1, 2012 7:28am Mar 1, 2012 7:28am
Quoting ohammond
It really all depends on how high the win/loss ratio is. We could do 1:1 RR all day and think thats great, but as the stop loss varies for each trade, we could have 1 winner of 20 pips and a loss of 60 pips, so 1:1 RR is only any good if the stop loss and take profit remain static.
That's right, it does. A 10 pip profit is very conservative and if the trades are well placed the success rate must be pretty good. Just guessing here, but a win/loss rate of (say) 8:2 would still be profitable. It's not my way of trading, but it can work
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,195
  • Mar 1, 2012 7:30am Mar 1, 2012 7:30am
Quoting gregh286
2 columns blue/red before trigger entry.
Sorry if I'm being a bit thick, do you mean you would actually go on the beginning of the 3rd column?
  • #7,196
  • Mar 1, 2012 7:31am Mar 1, 2012 7:31am
Quoting FXSwissTrader
Thank you RJ
You're welcome. As soon as I get time I'll type up something a bit better with screenshots and indi's and template etc.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,197
  • Mar 1, 2012 7:39am Mar 1, 2012 7:39am
Quoting ohammond
Sorry if I'm being a bit thick, do you mean you would actually go on the beginning of the 3rd column?
Yes, but you need to be ready to hit the very instant of the 3rd column
even a few seconds delay can be important.
Pretty easy when you get the hang of it.
Cant stress broker importance, cos if you broker hangs your order you're beat.
They wait until price moves 1-2 pip against you before they fill.
Means you are 2-3 pips down right off the bat and that completely skews the ratios (means you need 12-13pip to TP and you are 17 pips from Stop loss).

Forex is a marginal business, nothing easy.
  • #7,198
  • Mar 1, 2012 7:49am Mar 1, 2012 7:49am
Hey where's Yelena gone. How's the trading doing?
  • #7,199
  • Mar 1, 2012 7:53am Mar 1, 2012 7:53am
Quoting ohammond
Have you only just started trading today Jurn_e?
2nd trade today. Shorted at the break of the extreme spike created by EU session. +20

1st trade was entered in M15 at GMT645, using symphonie and RJ arrow. +10

Thats all for today unless i see a sym+arrow signal later.
Bernanke speaking later.
Pivot Boss in the making~
  • #7,200
  • Mar 1, 2012 7:58am Mar 1, 2012 7:58am
Quoting ohammond
Hey where's Yelena gone. How's the trading doing?
Yelena is mobile today so can't trade.
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
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