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Symphonie Trader System

  • #8,141
  • Mar 8, 2012 10:44am Mar 8, 2012 10:44am
most atr's have already been met and then some.. don't see any room for more movement today as the major moves came last night. EU remains bullish after a good ECB conference confirmed that the eurozone's recovery is starting to get better.

My EU trade from earlier stopped out for spread +5 yippeee lol..

finally got some sleep now if only I didnt have this stupid cold and could breathe through my noseee!!! I hope everyone is feeling alot better than I am right now..

anyways daily total for me +70. Not too bad
  • #8,142
  • Edited 12:19pm Mar 8, 2012 11:01am | Edited 12:19pm
Quoting lhDT
Hello Caillou,

Nice to see you here ! Welcome !
Ranging period simply kills the system, in trending it simply rocks like hell.
That's we are currently looking to identify ranging market mathematically (based on a number of bars and a pip-range) to avid this.
Probably the new signaler v1.9 will integrate that feature.

Cheers,
LhDT

i will not say this is impossible, but a problem which is in research since human invent coca-cola.

but if you took the EW-Theorie there are some rules which could help.
but the example from evaluator was only an example and has no statistically mean. in general the 2nd impulsive wave is most of the time longer than the 1st wave and the 1st correction wave is most longer than 161% of time like the 1st impulsive wave.

i only have the rules and guidelines in german. if you like to read: http://www.forexfabrik.de/forex-stra...ellen-prinzip/
  • #8,143
  • Mar 8, 2012 11:03am Mar 8, 2012 11:03am
Evaluator,

How is going yours trades in H1 TF, in this week ?

in TF H1 you triger tour orders when all four indicatores are in same colour/in agree, or you look for any more confirmation before enter order?

sorry the stupid question
  • #8,144
  • Mar 8, 2012 11:06am Mar 8, 2012 11:06am
Quoting fxwall
Evaluator,

How is going yours trades in H1 TF, in this week ?

in TF H1 you triger tour orders when all four indicatores are in same colour/in agree, or you look for any more confirmation before enter order?

sorry the stupid question

Thread account was killed today with all the whipsaws. I hope to recover losses tomorrow. Today is not happy day for thread account.

My other accounts are just fine!
  • #8,145
  • Mar 8, 2012 11:33am Mar 8, 2012 11:33am
Please i want to be adviced. i like this system but before i go forward i want to ask if this system works in bigger timeframe like 4hrs and daily tf.
Any thing lower than 4hrs is too fast for me, and i really dont have time for it, as i am bizzy during the day with my job. Please please plese experts as well as learners advice is wellcomed
  • #8,146
  • Mar 8, 2012 11:38am Mar 8, 2012 11:38am
Quoting endy231
Please i want to be adviced. i like this system but before i go forward i want to ask if this system works in bigger timeframe like 4hrs and daily tf.
Any thing lower than 4hrs is too fast for me, and i really dont have time for it, as i am bizzy during the day with my job. Please please plese experts as well as learners advice is wellcomed
I haven't used it in anything higher than M15, but at heart it's just a trend-following strategy, so it should work on any time-frame. If anything, I'd guess it should work a little better on the higher time frames due to the lower chance of getting hit by news spikes.

You would just have to work out the stop losses for whatever time scale you were trading.

PB
  • #8,147
  • Mar 8, 2012 11:52am Mar 8, 2012 11:52am
sorry i donīt understand, if you fallow your strategy in H1, today at 03:00 GMT you had good signal from matrix to go long in eurusd and you make lot of money!? (1.3150 until 1.3266 )

Quoting Evaluator
Thread account was killed today with all the whipsaws. I hope to recover losses tomorrow. Today is not happy day for thread account.

My other accounts are just fine!
  • #8,148
  • Mar 8, 2012 12:39pm Mar 8, 2012 12:39pm
For all you people holding Euro Long positions beware. Even if there is resolution to Greece there are other major problem in Europe that keeps me a Euro Bear.

Spain's sovereign thunderclap and the end of Merkel's Europe

http://blogs.telegraph.co.uk/finance...erkels-europe/

If Spain goes then Greece will look like an Ant standing next to a Zeppelin! because an Elephant or Whale are just to small. lol
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  • #8,149
  • Mar 8, 2012 12:42pm Mar 8, 2012 12:42pm
Quoting fxwall
sorry i donīt understand, if you fallow your strategy in H1, today at 03:00 GMT you had good signal from matrix to go long in eurusd and you make lot of money!? (1.3150 until 1.3266 )

fxwall,

The reason I have not taken the buy is basically because of my own personal bias. I cannot see any reason to buy the Euro. Why, because I look at the Daily's for my confirmation on 1 hour and it does not agree with a call to buy. As a matter of fact the Daily is telling me to sell and hold so I am obey the power of the confirming higher timeframe. So, until the daily chart flips to buy I am a bear on EurUsd.

Evaluator.:nerd:
  • #8,150
  • Mar 8, 2012 2:16pm Mar 8, 2012 2:16pm
will be interesting to see what the Greece PSI is.. I'd like to see over 85-90% if the bull wants to stay intact for EU
  • #8,151
  • Mar 8, 2012 2:26pm Mar 8, 2012 2:26pm
I thought you follow the strategy, H1 - confirmation: H4.
I have nothing against your personal bias, i have mine too.
but if you donīt follow strategy to the letter you should say, not only show the very good results and then say it was only with the application of this strategy by the rules of post #1.
if everyone is using the strategy with this type of subjectivity, it is not necessary use the strategy, it is better use two mobile averages and pray.

do not be upset but that's what i think, although i like your style

Thanks

Quoting Evaluator
fxwall,

The reason I have not taken the buy is basically because of my own personal bias. I cannot see any reason to buy the Euro. Why, because I look at the Daily's for my confirmation on 1 hour and it does not agree with a call to buy. As a matter of fact the Daily is telling me to sell and hold so I am obey the power of the confirming higher timeframe. So, until the daily chart flips to buy I am a bear on EurUsd.

Evaluator.:nerd:
  • #8,152
  • Mar 8, 2012 2:45pm Mar 8, 2012 2:45pm
Quoting fxwall
I thought you follow the strategy, H1 - confirmation: H4.
I have nothing against your personal bias, i have mine too.
but if you donīt follow strategy to the letter you should say, not only show the very good results and then say it was only with the application of this strategy by the rules of post #1.
if everyone is using the strategy with this type of subjectivity, it is not necessary use the strategy, it is better use two mobile averages and pray.

do not be upset but that's what i think, although i like your style

Thanks

fxwall,

I do follow the Symphonie strategy. When my orders are place I follow the entry and exit rules exactly. I do change around my conditions for confirmation because those have never been set in stone. I so not like 4 hour because it is like 30 mins (to me) which I consider unreliable compared to 1 hour and 1 day timeframes.

As to my baises....my apologies but it is the flaw in me. It is called analysis paralysis and I have a terminal case of it.... because when things do not add up I get uncomfortable and then I slow down and try to figure them out before I make a move. Therefore, I miss alot of opportunities as well. Therefore my entries will sometimes be much slower to react or I do not react at all until I understand the full logic to the drivers or madness behind the method. But when I do move I do follow the Symphonie rules like a robot.

You may think I am not following the Symphonie but I can assure you that I am following the Symphonie rules. I just choose to do it when I feel most comfortable. Like in times of heavy whipsaw action I will just sit on the sidelines until the price action calms down and a clear picture is formed. Then, I take the Symphonie Signal as the market decides its direction.

You have to trade when you are feel confident in your trades and comfortable with the price action. If you don't then you break one of the three Keystones of trading success. (see post #7330) Remember, I do not shoot to be a winner all the time but ''in the end'' I think I will have many more winners than loosers. It is just a matter of confidence in the price action and getting in the groove of the market because you better understand the drivers.

Hope that better explains.

Evaluator.:nerd:
  • #8,153
  • Mar 8, 2012 3:03pm Mar 8, 2012 3:03pm
Greek "Fresh Start" Bonds Face Immediate 80% Loss, 98% Probability Of Redefault



http://www.zerohedge.com/print/444855
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  • #8,154
  • Mar 8, 2012 3:12pm Mar 8, 2012 3:12pm
Quoting Evaluator
Greek "Fresh Start" Bonds Face Immediate 80% Loss, 98% Probability Of Redefault
Quoting Evaluator
http://www.zerohedge.com/print/444855
Just heard on wire that participation exceeded 95%. WTF ?!?
#### Follow me at @LioH_ on Twitter ... ####
  • #8,155
  • Mar 8, 2012 3:14pm Mar 8, 2012 3:14pm
I'd have to agree.. although greeces debt problems might be solved temporarily I think in the long run they're in trouble. They'd be better off leaving the eurozone

possibly a pump a dump going on??

also Eval.. nothing wrong with waiting it out until your sure =) analysis paralysis is good in moderation lol.. we all have itchy fingers
  • #8,156
  • Mar 8, 2012 3:21pm Mar 8, 2012 3:21pm
I have been a quite lurker on this thread. I just want to give credit where credit is due. Great system Evaluator!

I been trading this system on the 1 hour TF with great results by checking out the 4H or daily TF for confirmation of direction.
  • #8,157
  • Mar 8, 2012 3:32pm Mar 8, 2012 3:32pm
http://www.forexstrategiesresources....trader-system/
  • #8,158
  • Edited 4:12pm Mar 8, 2012 3:32pm | Edited 4:12pm
hey fx pipin!

I also like the 1hr even when I'm trading lower TF's.. honestly I've found success in a couple different TF's with this system since the same things drive the market.

FEAR AND GREED

a close friend of mine has also been capitalizing using this system trading gold.

when I don't see a trade in one timeframe i scan the others and see if theres a good setup. My risk is based on how big my stop will be. But bottom line is it works!!

Keep it simple stupid!

also here's a good article about the greek debt swap
http://www.forexlive.com/blog/2012/0...agic-about-90/
  • #8,159
  • Mar 8, 2012 5:17pm Mar 8, 2012 5:17pm
RJ what kind of SL do you have when trading on the 5min. Would you suggest a SL of 10 pip to be fine or too tight.
  • #8,160
  • Mar 8, 2012 5:18pm Mar 8, 2012 5:18pm
Hello Evaluator, I've just begun reading the thread and hope to finish it by this weekend. On the first post you mentioned the results of your demo accounts .... I was wondering which of the exit strategies you used for the demo accounts. thx for posting the strategy.
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