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Symphonie Trader System

  • #7,961
  • Mar 7, 2012 3:18pm Mar 7, 2012 3:18pm
I took only 25 pips today...10 on EUR/USD and 15 on EUR/JPY. Crazy day
Island hopping throughout the Caribbean
  • #7,962
  • Mar 7, 2012 3:24pm Mar 7, 2012 3:24pm
Quoting Rosdellfx
hello.....yelena n Evaluater.......
both of you have diferrent opinion, it depand on how u used it. As for me
l used 4 different indicators to comfirm when to BUY @ SELL. for a short term or long term. when ranging market it will go up and down in few min. therefore quite dificult to judge it. l used toptrend, super ADX,US index
and stoch with different parameter....Dailly l can get 400~500pips. hope all of us focus during trading....thank
Hey Rosdellfx,

Could you post a chart with your template. Maybe we can use some of your stuff to tweak the Symphony to make it better.

-Ian
Island hopping throughout the Caribbean
  • #7,963
  • Mar 7, 2012 3:39pm Mar 7, 2012 3:39pm
I think a lot of problems most newcomers are facing on this thread, is that you are not trusting the system itself which has been proven to work over and over again. You are expecting it to go a certain way and when it doesn't it causes confusion and talk of whipsaws. Realjumper has posted quite a number of times about not being married to the direction, but just trade what you see and its the best advice to follow. Yelena has said try not to think too much and she's right.

If you are on the 5min chart, then treat it like the 5min. You are not going to get very many days where it goes 100 pips in one direction, hardly looking back. Take what pips you can, and go onto the next trade. If you are learning the system, then try it out on all the currencies (it works on all of them that I've seen), if one isn't moving very well, another one will be. Take every signal while on demo so that you can get the feel for it, you will need to practise and practise until you get it to a point where you just take the trade. Yelena got to where she is because she demoed for 6 months and went into the simulator over and over again to see what worked before she went live, so that when she finally did go live - only 4 weeks ago by the way - she knew what to expect and just traded.

Take notice of the stoch, learn about divergence and hidden divergence and pivots, don't take trades right on top of them, but apart from that, just take the trades, especially on demo. I haven't had one single day yet trading this system live, where I have come out with minus pips and that is HUGE for me.

Excuse the rambling
  • #7,964
  • Mar 7, 2012 4:03pm Mar 7, 2012 4:03pm
Quoting ohammond
I think a lot of problems most newcomers are facing on this thread, is that you are not trusting the system itself which has been proven to work over and over again. You are expecting it to go a certain way and when it doesn't it causes confusion and talk of whipsaws. Realjumper has posted quite a number of times about not being married to the direction, but just trade what you see and its the best advice to follow. Yelena has said try not to think too much and she's right.

If you are on the 5min chart, then treat it like the 5min. You are...
Great post, if I could vouch for you I would
Island hopping throughout the Caribbean
  • #7,965
  • Mar 7, 2012 4:12pm Mar 7, 2012 4:12pm
Hi
looks like a great system.

Did you not try to make an EA? Or do we have to use our brain to make money with it? hehe
  • #7,966
  • Mar 7, 2012 4:22pm Mar 7, 2012 4:22pm
Quoting ohammond
I think a lot of problems most newcomers are facing on this thread, is that you are not trusting the system itself which has been proven to work over and over again. You are expecting it to go a certain way and when it doesn't it causes confusion and talk of whipsaws. Realjumper has posted quite a number of times about not being married to the direction, but just trade what you see and its the best advice to follow. Yelena has said try not to think too much and she's right.

If you are on the 5min chart, then treat it like the 5min. You are...
this is a great post.... trust the system and trust yourself.

This strategy teaches us to cut our losses early and let our profits run!! The part about this post I agree with most is do not get married to your orders. If you see an exit.. then get the hell out!!

most of the time what your gut is telling you is by far the one thing you must trust. if the system tells you to exit for -20 pips then why would you stay in HOPING that price will go in your direction.

emotion is 80% of the market..
  • #7,967
  • Mar 7, 2012 4:22pm Mar 7, 2012 4:22pm
Quoting ohammond
I think a lot of problems most newcomers are facing on this thread, is that you are not trusting the system itself which has been proven to work over and over again. You are expecting it to go a certain way and when it doesn't it causes confusion and talk of whipsaws. Realjumper has posted quite a number of times about not being married to the direction, but just trade what you see and its the best advice to follow. Yelena has said try not to think too much and she's right.

If you are on the 5min chart, then treat it like the 5min. You are...
Excellent, excellent, excellent post!!! I see people are making this a LOT harder that it needs to be. I said yesterday or the day before, that I don't care what people think, I just trade what i see. I didn't mean to be arrogant or disrespectful to anyone, but that is the fact of the matter. If you look at most threads on FF, especially the eur/usd thread, you will see all sorts of rubbish like: 'I think it will go up to 1.xxxx and if it gets there I will short it to 1.xxxx'.......and the very next post will say 'the price will drop to 1.xxxx and then it will go to 1.xxxxx. That will complete the cup and handle formation and then the price will go to 1.xxxx etc etc etc etc'

Look, I'm not saying who out of the hundreds of people who post this rubbish may be right or wrong.....they may as well toss a coin. What I am saying is forget about that crap......forget about deciding what you will do if and when the price gets to a particular level. You don't know whether the price will get there, or what caused it to get there, or how fast it's going to get there, or in which session it's going to get there....or a hundred other things that might influence where the price goes at any given moment.

Just as Ohammond says......just trust the system, and trust it completely. Of course you won't win every trade, but with faith in the system and with practice and discipline, you will make money. How can I be so sure? Because I was once one of the people who was so sure that the price was 'going to do this or do that' and most of time I was wrong and I lost money.

Most of those who like to talk the talk about direction and what they will do if their prediction comes true have an ego problem, and when they are wrong, you won't hear from them. Look at the 'professional' analysts.....they talk the talk, but they always have another plan. They say stuff like: 'the price will go up to 1.xxxx but if it fails to do that it will fall to 1.xxxx'........LOL.......how can they be wrong?????

Forget the bullshit........trade what you see and make money.

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,968
  • Mar 7, 2012 4:27pm Mar 7, 2012 4:27pm
Quoting realjumper
Excellent, excellent, excellent post!!! I see people are making this a LOT harder that it needs to be. I said yesterday or the day before, that I don't care what people think, I just trade what i see. I didn't mean to be arrogant or disrespectful to anyone, but that is the fact of the matter. If you look at most threads on FF, especially the eur/usd thread, you will see all sorts of rubbish like: 'I think it will go up to 1.xxxx and if it gets there I will short it to 1.xxxx'.......and the very next post will say 'the price will drop to 1.xxxx...

I think as humans we try and speculate too much and stray away from rules and guidelines..

like i said before this system has strict rules.. if we dont follow them then the results are not guaranteed. If something is not broken then why try to fix it.

regardless.. this thread has offered the most insight I have EVER seen on these forums... Thank you everyone that participates in this thread!
  • #7,969
  • Mar 7, 2012 4:43pm Mar 7, 2012 4:43pm
Quoting realjumper
Excellent, excellent, excellent post!!! I see people are making this a LOT harder that it needs to be. I said yesterday or the day before, that I don't care what people think, I just trade what i see. I didn't mean to be arrogant or disrespectful to anyone, but that is the fact of the matter. If you look at most threads on FF, especially the eur/usd thread, you will see all sorts of rubbish like: 'I think it will go up to 1.xxxx and if it gets there I will short it to 1.xxxx'.......and the very next post will say 'the price will drop to 1.xxxx...
lol. Very hammered post i have read in recent times. Made my day for this post. I was once a victim of that analysis for about 2 yrs thinking am a pro., until i blew about 3 different accounts before i totally changed my mentality which now help me to make money better as you analysed above.great post indeed!
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #7,970
  • Mar 7, 2012 6:16pm Mar 7, 2012 6:16pm
Quoting realjumper
Excellent, excellent, excellent post!!! I see people are making this a LOT harder that it needs to be. I said yesterday or the day before, that I don't care what people think, I just trade what i see. I didn't mean to be arrogant or disrespectful to anyone, but that is the fact of the matter. If you look at most threads on FF, especially the eur/usd thread, you will see all sorts of rubbish like: 'I think it will go up to 1.xxxx and if it gets there I will short it to 1.xxxx' ... RJ
I beg to differ. What does "trade what I see" mean? Those people talking about what the euro will probably do also trade what they see. It's just that instead of 4 green dots or some repainting indicators on a 5 min chart they use other tools (Fibonacci, channels, EW, fundamentals and so on). Some people are good at catching momentum on a 1 min chart, others are good at selling rallies in a downtrend following a daily chart. They all do their best to trade what they see, and they are all sometimes right and sometimes wrong. Even Evaluator has posted his bias on the long term charts numerous times here.

I spent several years trying to make intraday trading work. I had good and bad months, maybe BE overall. It was only when I switched to trading 4hr charts that things started to make sense and never had a losing month since then - doing exactly the things you advise against. It's a matter of style and personality. Some people like fast market movements, high leverage, quick pips, adrenaline rushing, staring at the screen 10 hours a day. And it works for them. Others hate to rush, like to analyze charts, to put things into perspective, set distant targets and large SL (in terms of pips not % of equity) that don't get caught by silly whipsaws, possibly scaling in and/or out ... I don't think that any of those styles can be called rubbish as long as it makes pips.
  • #7,971
  • Mar 7, 2012 6:24pm Mar 7, 2012 6:24pm
Quoting LazyPawn
I don't think that any of those styles can be called rubbish as long as it makes pips.
I agree with this statement. Unfortunately, most of the people who predicting what the PA will do for the next several moves not making pips on a consistent basis.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,972
  • Mar 7, 2012 6:42pm Mar 7, 2012 6:42pm
All you need is consistency. But consistency is a state of mind. If you think like a winner the odds of winning are definately in your favor rather than someone who has no self confidence
  • #7,973
  • Mar 7, 2012 6:58pm Mar 7, 2012 6:58pm
Quoting yelena
nope. supertrendline_nrp in h1 at 20,5. it behaves differently in h1. experimenting exit using supertrendline in H1 like in post 1. i want trade more calmly
Yelena,

will you mind to share the template your using? I have your old template but it seems you have update it. Are you already using shymphone trading signals 1.8 ? Does your template looks like the one I have attach?

when you say your using supertrendline_nrp in h1 at 20,5 does that mean 20 the cci period and 5 the ATR Period? them at M5 you use the default 62 cci and 18 atr?

Thank you
Attached Image (click to enlarge)
Click to Enlarge Name: yelena.jpg Size: 120 KB
  • #7,974
  • Mar 7, 2012 7:28pm Mar 7, 2012 7:28pm
Quoting ohammond

Take notice of the stoch, learn about divergence and hidden divergence and pivots, don't take trades right on top of them, but apart from that, just take the trades, especially on demo. I haven't had one single day yet trading this system live, where I have come out with minus pips and that is HUGE for me.

Excuse the rambling
Hi Ohammond,

Whatwas the stoch rule again. I searched for it but didn't find it. If I am right, it was something like waiting for a turn back before entry, when the stoch was to far at the signal.

Stupid as I have read the threat from the early start and on, but never really paid attention to this...

Thanks
  • #7,975
  • Mar 7, 2012 7:35pm Mar 7, 2012 7:35pm
Hello,

anyone know what is the "label" that the synphonie signals put on the scrren on the left side? I have attach a screenshot
Attached Image (click to enlarge)
Click to Enlarge Name: label.jpg Size: 99 KB
  • #7,976
  • Mar 7, 2012 8:25pm Mar 7, 2012 8:25pm
Quoting migmac
Hello,

anyone know what is the "label" that the synphonie signals put on the scrren on the left side? I have attach a screenshot
It's probably just in your template. Right click your chart and click 'Objects List' you find the label object in there, just delete it.
  • #7,977
  • Mar 7, 2012 8:37pm Mar 7, 2012 8:37pm
Hello guys!

New member on your thread! First of all, I must say a big thumbs up to Eval for making such a nice thread, who keep updating day after day, with new information for free, to all of us!

The money management part is really great for newcomers like me. It kind of act like capital protection, which I think we all agree to say that it is one of the most important thing in the forex market.

Right now i'm trying to understand the system correctly, and trying different entry and exit strategy. I saw many people talking about the H1 arrow and waiting for the M5 signal to jump in. I would like to know your advice on this chart below. If the candle close with the arrow, I should jump on the M5 charts and waiting for the best entry possible, aka when all signal are confirmed, right? Thanks for your help!

Malouin

Attached Image (click to enlarge)
Click to Enlarge Name: audusd.jpg Size: 96 KB
Slowly, but surely...
  • #7,978
  • Edited 9:18pm Mar 7, 2012 8:43pm | Edited 9:18pm
you got it.. Although you should wait for an ideal entry.. In a ranging market like this I would target small pips until we see some real direction.

Also if you want to be safe you should try to get your SL set to BE as soon as you think you should.. after 15-20 pips is what I like to use

btw does anyone have any good articles about bollinger bands?? Want to look into trading the squeeze and expansion along with symphony signals.. looks quite interesting
  • #7,979
  • Mar 7, 2012 10:29pm Mar 7, 2012 10:29pm
Quoting ohammond
I think a lot of problems most newcomers are facing on this thread, is that you are not trusting the system itself which has been proven to work over and over again. You are expecting it to go a certain way and when it doesn't it causes confusion and talk of whipsaws. Realjumper has posted quite a number of times about not being married to the direction, but just trade what you see and its the best advice to follow. Yelena has said try not to think too much and she's right.

If you are on the 5min chart, then treat it like the 5min. You are...

Nice post.....sounds very similiar to my post #7330 from last week.

Evaluator.:nerd:
  • #7,980
  • Mar 7, 2012 11:56pm Mar 7, 2012 11:56pm
Eyes on the EU at 8.00 GMT. The pa might swing violently either way.....be careful.
Doing what you like is Freedom. Liking what you do is Happiness.
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