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Symphonie Trader System

  • #9,721
  • Mar 22, 2012 4:47am Mar 22, 2012 4:47am
Quoting Daytrader74
Here's myfxbook for those that want to see, I been trading the system now for the last 2 weeks with great success!
http://www.myfxbook.com/members/Ozpips/ozpips/255545
wow, i don't see you history but what i see is that you have more floating drawdown than profiting. this is not symphony trading cause you do not use the trademanagement rules provided here.

but respect that you post you link.

are you using stops or do you use your hope that the market turn back to close in profit?
  • #9,722
  • Mar 22, 2012 4:55am Mar 22, 2012 4:55am
Quoting Mediator
@realjumper: if you read my whole post, than you could see why it will help. only to post a trade will not help. but speak about that trades will help. how i feel when i opened it and why i closed it. this is contrary because i only have to follow strictly the rule and i will get prosper, but this will not work. because
I read your whole post. If you read my posts you will see where I have explained the very things you talk of.....and I don't need to show my account to do that!!!! Showing my account.....once again.....teaches NOTHING.

I am not going to explain each and every trade not matter what you or anyone else wants.....I don't have time. I explain my trades when I want to...free of charge....for people to learn from. If that's not good enough for you, TOO BAD. Now move on.......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,723
  • Mar 22, 2012 4:55am Mar 22, 2012 4:55am
Quoting Mediator

all i can quote is evaluator: stick to the rules at post #1 and you will become prosper. (if this could be so easy we all will be millionairs, but there is a grey mass between our ears which breaks the rules). hihi

Es ist nicht leicht! Symphonie ist ganz schwer! It is not easy! Symphonie is hard because of its structure. It require much of you to have discipline that is why hard. It is mostly hard for old traders than new because of trade habits.

Evaluator.:nerd:
  • #9,724
  • Mar 22, 2012 4:55am Mar 22, 2012 4:55am
Quoting yelena
i did!
UJ 82.89 - 82.83 TP1 = 6 pips
EJ 109.13-108.97 TP1 = 16 pips
total = 22 pips
137+22 = 159.. lol

wait.. im eating right now... lol
Yelena Did u exit at trend line change?because I did
  • #9,725
  • Mar 22, 2012 5:02am Mar 22, 2012 5:02am
Quoting Mediator
wow, i don't see you history but what i see is that you have more floating drawdown than profiting. this is not symphony trading cause you do not use the trademanagement rules provided here.

but respect that you post you link.

are you using stops or do you use your hope that the market turn back to close in profit?
Daytrader has posted that link a few times and he has said a couple of times that trade that is floating is not a symphonie trade.
  • #9,726
  • Mar 22, 2012 5:23am Mar 22, 2012 5:23am
Quoting ohammond
Daytrader has posted that link a few times and he has said a couple of times that trade that is floating is not a symphonie trade.
Correct, I have a floating losing trade which I had entered NOT with Symphonie system. Thats trade is currently affecting my account by a LARGE draw down, however every single trade I have taken so far using Symphonie system has been a WINNING trade!
  • #9,727
  • Mar 22, 2012 5:26am Mar 22, 2012 5:26am
Quoting Mediator
wow, i don't see you history but what i see is that you have more floating drawdown than profiting. this is not symphony trading cause you do not use the trademanagement rules provided here.

but respect that you post you link.

are you using stops or do you use your hope that the market turn back to close in profit?
I had explained before that my floating draw down trade was not taken using the Symphonie system. And yes I do use STOP LOSS if I didn't I would be an IDIOT. There's no such thing as "HOPE" in Forex if you "HOPE" you will "LOSE"
  • #9,728
  • Mar 22, 2012 5:47am Mar 22, 2012 5:47am
Dear Yelena

I see two arrows in the last screenshot you posted (post 9723).
Can you comment why two ?
Enter Signature
  • #9,729
  • Mar 22, 2012 5:50am Mar 22, 2012 5:50am
Quoting Daytrader74
I had explained before that my floating draw down trade was not taken using the Symphonie system. And yes I do use STOP LOSS if I didn't I would be an IDIOT. There's no such thing as "HOPE" in Forex if you "HOPE" you will "LOSE"
this is absoluty correct. i wish you could close this order with minimum BE.

  • #9,730
  • Mar 22, 2012 5:55am Mar 22, 2012 5:55am
Quoting realjumper
I read your whole post. If you read my posts you will see where I have explained the very things you talk of.....and I don't need to show my account to do that!!!! Showing my account.....once again.....teaches NOTHING.

I am not going to explain each and every trade not matter what you or anyone else wants.....I don't have time. I explain my trades when I want to...free of charge....for people to learn from. If that's not good enough for you, TOO BAD. Now move on.......
ok. i respect your answer. not everyone could post his trades in detail. i did not say that you must do that.

Quote
If that's not good enough for you, TOO BAD. Now move on.......

keep it cool. it was not my intention to offend you. i hope your trading mindset is better controled.

and i did not say that I want exclusively this in detail. i could imagine that newbies wants to see this and are happy about some analysis and trademanagement.

so you are right. everything is said from my point of view now. i will move on.

wish you good business and success
  • #9,731
  • Mar 22, 2012 6:16am Mar 22, 2012 6:16am
on exit: FE drawn in M5, TP1 as target, SL as stop loss, its in the picture yes, im seeing the beauty of drawing in M5. but the targets are often smaller than 10 pips.

on the double arrow: the candle after the blue arrow were the entry candles (horizontal line as the entry price)

entries with symphonie (M5 signals to the direction of H1 or 60-5) are flawless. successfully exiting them in profit is something you have to master.

personally, if a position is taken using 60-5 strategy, then FE must be drawn in H1. if a position is taken using M5 signals to the direction of H1 then FE's must be drawn in M5.

once ive finished with my testing i will share how to target S1 and R1's. hihihi
  • #9,732
  • Mar 22, 2012 6:26am Mar 22, 2012 6:26am
H&S not finished flag is forming in EU H1 let's see
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pro4ex trading suite
  • #9,733
  • Mar 22, 2012 6:37am Mar 22, 2012 6:37am
Quoting yelena
on exit: FE drawn in M5, TP1 as target, SL as stop loss, its in the picture yes, im seeing the beauty of drawing in M5. but the targets are often smaller than 10 pips.

on the double arrow: the candle after the blue arrow were the entry candles (horizontal line as the entry price)

entries with symphonie (M5 signals to the direction of H1 or 60-5) are flawless. successfully exiting them in profit is something you have to master.

personally, if a position is taken using 60-5 strategy, then FE must be drawn in H1. if a position...
Hello Ylenia.
When you open those trade-H! did not have the 4 red indicators, extreme was blue. with such information you choose to open iltrade then?

Thank you and congratulations for your performance.

Hello
  • #9,734
  • Mar 22, 2012 6:41am Mar 22, 2012 6:41am
If Evaluator doesn't mind I would like to add my opinion. Let me start by saying that I do not trade this system (I prefer higher TF), so I have no direct experience, cannot comment on how well it works. We have many people who constantly post excellent results, even better than Evaluator himself. It means that most likely the system is a good one and with enough practice it can be turned into an excellent tool.

However there is also a dark side to all this. Every serious trader knows very well that no system wins all the time. Even the best traders in the world, using the best systems and tools, have losing trades, losing days and even losing weeks or months. They just come on top overall. If they lose 5% this week they probably gain 8% the next one. This is where I see a problem with the results posted by Yelena, Realjumper, ohammond and a few others. I am sure they are very honest, so when they say it was a +184 pips day then it was a +184 day. But how often do we see something like "ok, today I lost 100 pips, my SLs were hit"? The system wouldn't lose its credibility, ON THE CONTRARY. The reason many newcomers to this thread have some doubts is exactly because everybody is winning all the time. And that's simply not possible. It is also very discouraging for them when they try it and happen to see 2-3 losing trades when all the veterans post hundreds of pips won in the same day, trading the same pair with the same indicators and rules.

Let me make something clear: I am not criticizing anyone, I am not doubting anyone's posted gains, and I am not telling anyone what to do. I am only saying that when something looks too good to be true there is probably a small lie inside ... by omission. Talking only about the good trades and good days and never about the bad ones. In Evaluator's weekly reports I have seen some not so good weeks, and he explained why (e.g. the market was undecided or doing strange things and the account incurred some losses). It is one of the things that really makes people believe there is something good here, something that really works long term. But when you read that someone else makes hundreds of pips each and every day and you know a little bit about how crazy and unpredictable this market sometimes is ... it is natural to show skepticism. I think that's why some people suggested the myfx account method. I am not saying that it's good or bad, I have no interest one way or the other ... just explaining why so many would find it useful.

I apologize for the off-topic and wish everyone excellent trading using the Symphonie system.
  • #9,735
  • Mar 22, 2012 6:57am Mar 22, 2012 6:57am
Can someone please explain why I get different Extreme Cycle readings, using the same settings (1,3,3), same broker... yet only using a different computer?

I think the one on the left is wrong.. as it has less spikes and is less reponsive... (Trust me, they have the same settings!) If someone could at least tell me which picture agrees to theirs it would be great.

Using Symphonie Extreme Indicator v2
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  • #9,736
  • Mar 22, 2012 6:59am Mar 22, 2012 6:59am
hi yelena.. I loaded your template as I'm revisiting the 5m method.

But when I load the template the signaler doesnt load?? also how do you get the arrow confirmation on the 1.9? doesnt seem like the default offers it


also is there a post/document where you explain your entire method? I keep reading posts where you dont pay attention to 5m at all and then posts where your posting charts with the 5m so I'm kind of confused
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  • #9,737
  • Mar 22, 2012 7:02am Mar 22, 2012 7:02am
Quoting yelena
thanks.

i follow post #1 for solid entries. the candle must close with everything red/blue. its not a valid signal if one of them changes color. no position must be taken if its not a valid signal.

tip: when you read post#1, read it so that your hands and can hear it its those tiny details that will give you flawless entries.
Thank you.
I do not believe me just read post # 1 but the entire thread almeo 4 or 5 times.
What I ask is that at the time indicates the trade, at least on my PC on the H1 chart did not see all the red marks and 4, but only 3 are not extreme.
That's it, I would not have any problem with my indicators.

Simply this.

Hello and thanks again.

Giancarlo
  • #9,738
  • Edited 7:33am Mar 22, 2012 7:04am | Edited 7:33am
Quoting LazyPawn
If Evaluator doesn't mind I would like to add my opinion. Let me start by saying that I do not trade this system (I prefer higher TF), so I have no direct experience, cannot comment on how well it works. We have many people who constantly post excellent results, even better than Evaluator himself. It means that most likely the system is a good one and with enough practice it can be turned into an excellent tool.

However there is also a dark side to all this. Every serious trader knows very well that no system wins all the time. Even the best traders...

LazyPawn,

I think one thing your are missing that is a mjor difference between my trades and those of other is that I am ONLY trade one currency pair. The others trade multiple currency pairs and that is very powerful. Therefore, 100 pip days is extremely possible with no loss. Think about it. If you traded 5 currency pairs a day and only traded their peak times and made a very small 20 pip trade per pair .....POOF....... there is 100 pips for the day or 500 pips a week. Now I am not saying you make 20 pips per trade you may have one 5 pip win a 8 pip win a 10 pip loss a 15 pip win and a 3 pip loss....it may take multiple order but it is very possible.

If you think about it those are very very small amounts of profit...only one 20 pip trade per currency pair per day. But that is not the real point of success thought Symphonie.

Symphonie is about trading consistancy (not indicators or profit to an extent of focus).....it is designed to teach patience and only trade when the conditions are to your advantage. If you do that on a consistant basis then you should have very few down days and with proper money management your losses are kept to a minimum.

That is why I think people are really pulling big results and not having losses. Symphonie will not win everytime and it never will but Symphonie will (if you follow the rules) teach you how to be winning more than loosing and how to better overcome your losing trades.

Evaluator.:nerd:

P.S. Your opinion is most welcome.
  • #9,739
  • Mar 22, 2012 7:05am Mar 22, 2012 7:05am
Quoting LazyPawn
If Evaluator doesn't mind I would like to add my opinion. Let me start by saying that I do not trade this system (I prefer higher TF), so I have no direct experience, cannot comment on how well it works. We have many people who constantly post excellent results, even better than Evaluator himself. It means that most likely the system is a good one and with enough practice it can be turned into an excellent tool.

However there is also a dark side to all this. Every serious trader knows very well that no system wins all the time. Even the best...
thank you @LazyPawn. this is how i tried to explain it with my unexperienced english, but missed the words. you hit it.
  • #9,740
  • Mar 22, 2012 7:12am Mar 22, 2012 7:12am
very nice results. respect.
how high were your equity Drawdown? this DD you show is only the Balance DD.
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