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Symphonie Trader System

  • #8,861
  • Mar 15, 2012 6:19am Mar 15, 2012 6:19am
here's a trade on UC.. The signal was good also below a daily pivot yet it failed to go anywhere... if I followed the exit strategy I would have exited at a loss.. but now I am only staying in because of the 1hr extreme and going to exit based on that...

I've been trading london for the past 3 weeks with no success and I often find that by the time I goto bed when NY opens all the moves happen when I wake up.. Should I just scratch trading london and only trade when NY opens.. It's very disappointing that I wake up so early to find an always ranging market.
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  • #8,862
  • Mar 15, 2012 6:24am Mar 15, 2012 6:24am
Quoting Dyekid217
here's a trade on UC.. The signal was good also below a daily pivot yet it failed to go anywhere... if I followed the exit strategy I would have exited at a loss.. but now I am only staying in because of the 1hr extreme and going to exit based on that...
You didn't do anything wrong. Sometime we do nothing wrong and we still lose. It happens...we can't win them all. The short before the one you took, I took. But I didn't take the one you took. So I got away with it this time. Next time I might get unlucky and you win. It's just the nature of the beast. We have to keep the emotion out of it, put it down to 'shit happens', and move on.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,863
  • Mar 15, 2012 6:28am Mar 15, 2012 6:28am
well I mean this is what I've been experiencing over the past month.. it isn't just certain days..

I usually never see any worthwhile trades during london and by the time I goto bed when ny opens all the good trades happen.
  • #8,864
  • Mar 15, 2012 6:29am Mar 15, 2012 6:29am
Quoting Dyekid217
here's a trade on UC.. The signal was good also below a daily pivot yet it failed to go anywhere... if I followed the exit strategy I would have exited at a loss.. but now I am only staying in because of the 1hr extreme and going to exit based on that...

I've been trading london for the past 3 weeks with no success and I often find that by the time I goto bed when NY opens all the moves happen when I wake up.. Should I just scratch trading london and only trade when NY opens.. It's very disappointing that I wake up so early to find an always ranging...
The only reason I didn't take that one was there was high risk CHF news right at that moment, if I was in a trade already I would have ridden it out but not a fresh one. Anyway, that one hasn't lost yet
  • #8,865
  • Mar 15, 2012 6:33am Mar 15, 2012 6:33am
Quoting Dyekid217
well I mean this is what I've been experiencing over the past month.. it isn't just certain days..

I usually never see any worthwhile trades during london and by the time I goto bed when ny opens all the good trades happen.
Try targetting 10 pips on a trade for now, something is definitely wrong though, because I trade through London and just before and there are very few losers so I don't quite understand why you're having that problem. Could you post a few pics of some of the losers, drag your trades from the history to the chart so we can see entries and exits and maybe help.
  • #8,866
  • Mar 15, 2012 6:33am Mar 15, 2012 6:33am
Quoting Dyekid217
here's a trade on UC.. The signal was good also below a daily pivot yet it failed to go anywhere... if I followed the exit strategy I would have exited at a loss.. but now I am only staying in because of the 1hr extreme and going to exit based on that...
now, take a look at you chart and you would have won 10 pips already. that's why it pays to look at H1, so that you dont exit prematurely.

i never look at M5, too noisy. and if you follow MM rules, you will not break a bone.
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  • #8,867
  • Mar 15, 2012 6:34am Mar 15, 2012 6:34am
would I be better off trading NY/london overlap since living on the east coast trading london at 3am is a huge inconvenience.

i've also read that the london session isn't what it used to be and that most of the big players are in when NY opens.
  • #8,868
  • Mar 15, 2012 6:39am Mar 15, 2012 6:39am
Ok, Guys & Gals,

I think I did this perfectly? Just made the eur/dol long
trade for a quick 10 pips. No problem...it might go
higher but I took the 10 pips and ran.

snarlyjack
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  • #8,869
  • Mar 15, 2012 6:42am Mar 15, 2012 6:42am
Quoting snarlyjack
Ok, Guys & Gals,

I think I did this perfectly? Just made the eur/dol long
trade for a quick 10 pips. No problem...it might go
higher but I took the 10 pips and ran.

snarlyjack
correct correct! never 2 positions in the same H1 candle bar

symphonie can give you pips far better than 10 pips at a time. but we're ranging right now, so just keep collecting those 10's... take care of the cents, the dollars will follow
  • #8,870
  • Mar 15, 2012 6:42am Mar 15, 2012 6:42am
Quoting snarlyjack
Ok, Guys & Gals,

I think I did this perfectly? Just made the eur/dol long
trade for a quick 10 pips. No problem...it might go
higher but I took the 10 pips and ran.

snarlyjack
Looks good to me Jack......I missed that one but glad you caught it
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,871
  • Mar 15, 2012 6:43am Mar 15, 2012 6:43am
Quoting snarlyjack
Ok, Guys & Gals,

I think I did this perfectly? Just made the eur/dol long
trade for a quick 10 pips. No problem...it might go
higher but I took the 10 pips and ran.

snarlyjack
Perfect

@Dyekid217 were you in that one?
  • #8,872
  • Mar 15, 2012 6:44am Mar 15, 2012 6:44am
And 1hr AU just hit TP2, I took the buy for the rest on the 5min just above the pivot
  • #8,873
  • Mar 15, 2012 6:45am Mar 15, 2012 6:45am
ive been in that for the past couple of hours on the 1hr chart.. I dont think I've grasped the idea of grabbing 10 pips here and there yet.

Maybe I'll abandon setting my sl and tp with fib retracement on the 5 min charts and just aim for 10+spread
  • #8,874
  • Mar 15, 2012 6:47am Mar 15, 2012 6:47am
Quoting Dyekid217
would I be better off trading NY/london overlap since living on the east coast trading london at 3am is a huge inconvenience.

i've also read that the london session isn't what it used to be and that most of the big players are in when NY opens.
Only you can answer that really. I don't have too much trouble trading the hours I do......2 hours before London open until 3 or 4 hours after London open. Most times I can make good pips. I've never traded the overlap so I can't say. Perhaps you could try it and see.

If you're trading a live account, I'd suggest you stop and go to demo account for a while. Better to lose demo dollars that real dollars until you find what works for you.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,875
  • Mar 15, 2012 6:49am Mar 15, 2012 6:49am
Quoting Dyekid217
ive been in that for the past couple of hours on the 1hr chart.. I dont think I've grasped the idea of grabbing 10 pips here and there yet.

Maybe I'll abandon setting my sl and tp with fib retracement on the 5 min charts and just aim for 10+spread
If you are taking 1hr trades on their own you shouldn't have had many losses on those overall have you?
  • #8,876
  • Mar 15, 2012 6:52am Mar 15, 2012 6:52am
no actually quite some success on 1hr.. but as eval has said that 5m is optimal.

Just can't quite trade it correctly.. Even with clear signals I am experiencing more than expected drawdown.. even when trading in accordance to 1hr.

maybe 5m just isn't for me
  • #8,877
  • Mar 15, 2012 6:54am Mar 15, 2012 6:54am
Quoting Dyekid217
ive been in that for the past couple of hours on the 1hr chart.. I dont think I've grasped the idea of grabbing 10 pips here and there yet.

Maybe I'll abandon setting my sl and tp with fib retracement on the 5 min charts and just aim for 10+spread

i never learned how to draw fibo in M5 i never look at M5.

symphonie performs extremely well in trending market. but across the board, daily, only EJ has moved by 99 pips. most are below 70 pips, so we will take what the market gives. 10 pips at a time, m5 to the direction of H1... lol
  • #8,878
  • Mar 15, 2012 6:54am Mar 15, 2012 6:54am
Quoting Dyekid217
no actually quite some success on 1hr.. but as eval has said that 5m is optimal.

Just can't quite trade it correctly.. Even with clear signals I am experiencing more than expected drawdown.. even when trading in accordance to 1hr.

maybe 5m just isn't for me
I make roughly the same amount of pips equally on 5min and the 1hr just about every week, if the hourly suits you better go over to that, just make sure you have the weekly and monthly pivots on there because you don't want to take a trade right on top or underneath one of those.
  • #8,879
  • Mar 15, 2012 7:05am Mar 15, 2012 7:05am
Quoting snarlyjack
Ok, Guys & Gals,

I think I did this perfectly? Just made the eur/dol long
trade for a quick 10 pips. No problem...it might go
higher but I took the 10 pips and ran.

snarlyjack
I did the same snarly jack. Today( 2 times), EUR/USD when price is up it goes till the first fibo extention 1.618. But when i have a singal for sell, it goes max 5-7 pips, the fibo extention is not attacked.
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  • #8,880
  • Mar 15, 2012 7:06am Mar 15, 2012 7:06am
Hmm , is there a way to check my past alerts that occurred in MT4 ? like i wanna check the alerts that the 1.9 set off.

I mean i closed the alerts popup window , is there a way to get it up again without waiting for another alert to bring that window back up.
You gotta know when to hold 'em, know when to fold 'em ...
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