Symphonie Trader System

..... no no
I'm the student and I'm honoured

Hi Yelena - Could you explain how you are setting your take profit? On a couple of your posts you suggest you target 10 pips per trade on the M5 chart, but in other posts you note that a trade is at, for instance +50 pips.

Are you running two different take profit strategies, or does one relate to M5 trades and the other to ones taken off the H1?

Thanks,

PB

We'll soon be outnumbering the men

Thanks Yelena - I'll look up the fib stuff. One other question: when you target the 10 pip trades, where do you set your stop loss? Are you using the levels that the signaller shows, the 50 pip Symphonies default or something else?

PB

Thanks again Yelena, and yes, totally agree about basing SL on some behavioural point of reference rather than fixed values. I found the fib info. Looks good - I'll start working it into my trading tomorrow and see how it goes.

PB

Yay! Girl Power!

I've recently been thinking about how the market behaves in terms of trending. Obviously, Symphonie is a trend following system, so it's important to recognise when the market is ranging to avoid whipsaw losses (even though the system was designed to prevent this as much as possible).

I've read a few times that the market spends about a third of the time trending and the rest in some kind of ranging mode. The more I think about it, the more I think this is wrong. I'd like to hypothesise that actually, the market trends almost 100% of the time, but it just does it on different time scales which are multiples of around five or six.

For instance, say you were trading the M30 chart and your trend following system caught a good move. You would then expect a few bars of retracement or a pause followed by another move in the same direction. After this, a wise trader would maybe think about taking the profits off the table and waiting while the market ranged for a while. What I'm suggesting is that the market is still trending, but you need to switch to M5 to use the same trend following system (6 times lower time frame). Then the pattern would repeat down to M1 and as far as I know on to the tick chart.

After this, who knows - maybe you have to move back the opposite way through the sequence: M1, M5, M30...or maybe switch right back to M30.

As I said, this is just a hypothesis and not something I've tested, but it could have some value, at least in keeping us out of ranging markets after a large move.

Has anyone read any research on this, or maybe already practices it?

Would be interested to hear what the more experienced traders think of this idea.

PB

Well, women do have all the qualities to make better traders than men: less inclined to jump into situations without thinking, more cautious, not as greedy, more patience.

Now all you need is to become as sad and geeky as us, so you actually ENJOY staring at stupid charts all day!

;-)

PB

can anyone explain why my signaler is slowing my terminal and the extremes aren't showing??

Following the sharp changes in commodities prices, mainly gold and silver prices, during last week due, in part, to the speculation around the next steps of the FOMC on QE3 and the recent release of the second LTRO rescue plan by ECB, this week there are many important news, events, decisions and reports that could stir up the forex and commodities markets. Among these news items and publications are: ECB rate decision, U.S. non-farm payroll report, Canada’s employment report, U.S. factory orders, China’s CPI, Australia’s GDP U.S.’s non-manufacturing PMI and U.S. unemployment claims. Here is an economic news calendar forecast for the week of March 5th to March 9th that highlights the main news items related to the U.S., Canada, EU, Australia and China.

(All times GMT):

Monday 5th of March 15:00 – U.S. ISM Non-Manufacturing PMI: This report will show the developments in the non-manufacturing sector during February 2012. During January 2012 this index moderately rose to 56.8%; this index may affect forex and commodities trading (see here the recent report);
Monday 5th of March 15:00 – U.S Factory Orders: This report will present the changes in U.S. factory orders of manufactured durable goods during December. According to the recent flash report, during January new orders of manufactured durable goods slipped by $8.6 billion to $206.1 billion;


Tuesday 6th of March 10:00– Revised Euro Area GDP 4Q2011: This will be a revised version of the recent report. According to the recent report during the fourth quarter of 2011, the Euro Area GDP declined by 0.3% (Q-o-Q). if the upcoming report will present a much different figure it could affect the Euro (see here recent report);
Tuesday 6th of March 2:30 – Australian GDP Fourth Quarter 2011: This quarterly report will show the change in Australia’s GDP growth rate in the fourth quarter 2011. In Q3 2011, the GDP expanded by 1.0% in annual terms (seasonally adjusted). Australia is among the leading non-OPEC countries in exporting crude oil and this report could offer some insight to the progress of the Australian economy and consequently affect Aussie dollar (see here last report);


Wednesday 7th of March 12:00 – German Factory orders: this report will show the changes in the Germany factory orders during February; this news could indicate the progress of the German Economy and consequently may affect foreign exchange and commodities traders;
Wednesday 7th of March 13:15 – ADP estimate of U.S. non-farm payroll: ADP will estimate the U.S employment development during the month of February 2012 in anticipation for the upcoming no-farm report to be published on Friday;
Wednesday 7th of March 15:30 – EIA Crude Oil Stockpiles Report: the EIA (Energy Information Administration) will publish its weekly update on the U.S oil and petroleum stockpiles for the week ending on March 2nd; in the last report, the U.S petroleum & oil stockpiles slightly increased by 0.5 million barrels to 1,755.41 million barrels (see here the recent oil stockpiles review);




Thursday 8th of March 12:45 – ECB Press Conference and Euro Rate Decision: In last month’s rate decision the President of the European Central Bank, Mario Draghi kept the rate flat at 1%; as of January, the Euro Area inflation rate edged down to an annual rate of 2.7%, while the EU unemployment rose to 10.7% and the EU GDP in the fourth quarter fell by 0.3% . This means the EU economy is still not out of the woods. The recent LTRO plan may have been among the reasons for the deprecation of the Euro during last week. If ECB will reduce interest rates it is likely to pressure further down the Euro to US dollar exchange rate;
Thursday 8th of March 13:30 – Department of Labor Report – U.S. Unemployment Claims: initial claims edged down to 353,000 claims for the week ending on February 25th; the number of insured unemployment slipped by 2,000 to 3.402 million during the week of February 18th; the upcoming weekly update might affect the forex and commodities markets;
Thursday 8th of March 15:30 – EIA U.S. Natural Gas Market Report: this EIA weekly update of the U.S. natural gas market will present the recent changes natural gas production, storage, consumption and price developments for the week ending on March 2nd. In the previous report, natural gas storage declined by 82 Bcf to 2,513 billion cubic feet for all lower 48 states (see here the recent review on the natural gas market);
Thursday 8th of March 2:30 – Australian Trade Balance: The upcoming report will pertain January 2012. In the December report, the seasonally adjusted balance of goods and services rose from a surplus of $1,343 million in November 2011 to $1,709 million in December. The export of non-monetary gold sharply rose by $457 million (31%); if the gold exports will continue to rally in January, it might suggest a rise in demand for non-monetary gold that could explain the rise in gold prices (see here last report);
Thursday 8th of March 3:30 – Chinese CPI: during January, the Chinese inflation rate slightly rose to an annual rate of 4.5% (it was 4.1% in December); this rate is still close to China’s inflation target of 4% in annual terms. If the inflation will start to rise again it could induce the People Bank of China’s to take steps to slowdown the inflation; this, in turn could curb China’s economic progress; China is among the leading countries in importing commodities such as gold and oil;


Friday 9th of March 12:00 – Canada Unemployment Rate and Employment Report: In the previous employment report for January 2012, unemployment edged up 0.1 percent points to 7.6%; the employment rose by 18k. the upcoming report might affect the Canadian dollar and consequently also affect the prices of energy commodities including crude oil and natural gas prices – seeing that Canada is among the leading exporters of these commodities to the U.S (see here the recent report);
Friday 9th of March 13:30 –Canadian Trade Balance: In the February report regarding December 2011, exports increased by 4.5%, and imports edged up by 0.8%; as a result, the trade balance rose to a surplus of $2.7 billion; this report may affect the trading of the Canadian dollar which tends to be strongly correlated with price of gold and crude oil;
Friday 9th of March 13:30 –American Trade Balance: This monthly report for January 2012 will present the developments in imports and exports of goods and services to and from the U.S, including commodities such as crude oil; The American trade balance report for December 2011 the goods and services deficit increased during the month to $48.8 billion.
Friday 9th of March 13:30 – U.S. Unemployment Rate Report & Non-farm Employment Change: in the recent February report regarding January 2012, the labor market continued to improve as the number of non-farm payroll employment expanded by 243k; the U.S unemployment rate slipped to 8.5%; this report might affect not only the U.S dollar, but also gold and silver prices (see here my last review on the U.S employment report).
http://www.tradingnrg.com/weekly-for...march-5-9-2012

Hello Pixelboy,

have a read about Dow theorie or elliot wave theorie. the same goes to hurst cylces.
in it's simple you are right everytime there is a trend in the market. you only have to define what a trend is and search in the timeframes for it.
as long as you made profit with a trade this trade was going with a trend.

Extreme aren't showing because you probably don't have the right indicator.
About computer resources, it's normal asit calculate 5 or 6 differents indicators value in 6 timeframes and refresh at everybar.

The problem is not the power of your station but the MT4 itself. It's limited to 1 core cpu.

It can be........you never now

Your extremes aren't showing because you need this indicator.

And yes the signaller is slow because it's constantly checking the indicators. I am having a problem at the moment. My MTF HAS indicator is blank I think I have too much crap on my screen? Memory should not be an issue lol I have 12GB...

But the Matrix and Signaller are fine.

Dumplin, I am using the MTF Heiken Ashi indi you posted. Are you having trouble with it displaying? Mine is blank at the moment.

This MTF Heiken Ashi is really pi$$ing me off. IMO it works really well with the Symphonie System, but the version I am using is puss. Does anyone have a reliable one?

I would also like to know which version of mtf HA you guys are using it would compliment the system quite well.

also EU stoch has just recrossed on the 1hr.. if this carries into london who knows we might see a continuation of the bear.. price is already below the 200 ema on the 1h. There isn't a top yet though on the 1hr but daily extreme is red.

I like to think of the bear as a cute polar bear

http://www.firstpeople.us/pictures/p...k-1024x768.jpg

I don't know if this is what you're looking for.....I don't use it but perhaps it will be helpful...or not.

My "Experts" journal is overload with messages from Symponie_Sentiment and Symphoni_Emotions indicators.
Like that:

At my charts are applyed next indis:
"Symphonie Signals Beta 1.9"
"Symphonie SentimentEmotion Combi" twice (current timeframe and 1h)
"Symphonie Extrem v2"

If you do a search for unknown subwindow in the thread search bar this is one of the answers: http://www.forexfactory.com/showthre...ow#post5422473 Its always good to do a search in case its been asked before.

Thought AU was going to let me down this morning, but no.....still got tp1, all these little trades add up in a day