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Symphonie Trader System

  • #9,761
  • Mar 22, 2012 12:35pm Mar 22, 2012 12:35pm
Hi guys.I'm reading this thread about 1 week and i was demoing also.Today i decided to combine 1 of the templates given here with Renko system.I don't know if this is going to be profitable but chart's looking promissing.Mine setup for renko is also shown.Green pips to all
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Symphonie with renko and spikes.jpg Size: 160 KB
Click to Enlarge Name: mine.jpg Size: 197 KB
Trade with 60
  • #9,762
  • Mar 22, 2012 12:51pm Mar 22, 2012 12:51pm
I just want to thank you guys for this great system. I have been trading for the past 3 years, and have been profitable for the past year. What I love about this system is that it uses so many ideas. In my brain, I add the Price Action, Divergence, and the News information, and just wait for the confirmations...SWEET!!

Over trading help ... My little contribution

Like anyone, I like to be IN the market, which leads to over trading. Here is what I do. Once the EXTREME signal is formed, I start adding Yellow vertical lines at each bar, leading up to my entry signal. This keeps me active and focused. If the Extreme disappears, I simply wait for a reformation and start laying them down again. My entry is then a Green Vertical Line.

This simple advice will cure your silly entries and over trading...I have attached todays chart.

BTW, if the Green Lines don't seem to line up with the signals, they DID when I entered, but they REPAINT...if you didn't know!

Thanks Again
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  • #9,763
  • Mar 22, 2012 12:56pm Mar 22, 2012 12:56pm
Quoting kumetto
Hi guys.I'm reading this thread about 1 week and i was demoing also.Today i decided to combine 1 of the templates given here with Renko system.I don't know if this is going to be profitable but chart's looking promissing.Mine setup for renko is also shown.Green pips to all
Just FYI, If you Right-Click on the Active Chart, and Select "Save As Picture"...you can Save only the Active Chart and save yourself that extra work....

Enjoy
  • #9,764
  • Edited 1:23pm Mar 22, 2012 1:01pm | Edited 1:23pm
Quoting ForexSam
Just FYI, If you Right-Click on the Active Chart, and Select "Save As Picture"...you can Save only the Active Chart and save yourself that extra work....

Enjoy
Thx very much And your chart gave me an idea.Sory for copying.
Attached Image (click to enlarge)
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Trade with 60
  • #9,765
  • Mar 22, 2012 2:32pm Mar 22, 2012 2:32pm
Quoting Evaluator
LazyPawn, Not a problem and your comments are most welcome. I hope you take no offense to my questions and answer as they are not mean to be attacks on you. ...
Thank you for your elaborate answer. I wish you and the other Symphonie traders a lot of success.
  • #9,766
  • Mar 22, 2012 2:46pm Mar 22, 2012 2:46pm
Hello symphonie traders, hope everyone is doing well.

daily charts are screaming SELL, stay tunned for short signals, nice profits can be made if you let the trade run (supertrendline is great for keeping you in the trade)

I would like to ask you what are your current average spreads with the pairs you usually trade. If you could add the time frame you trade it would be nice too. Just a little curiosity I have.

I'll start with mine:

eur/usd, usd/jpy = 2 pips

gbp/usd, aud/usd, eur/jpy, usd/chf = 4 pips

for MT4 platform I am with FXDD Malta.

Trade well!

Jack.
  • #9,767
  • Mar 22, 2012 3:19pm Mar 22, 2012 3:19pm
Hi Yelena,

Well done with the excellent results from trading Symphonie. If you have time can you please have a look at my 5min E/U chart below and walk me through how you have done your trades? See that you manage your take profit levels quite good on this system.

Here is the process that I went through trading the M5. Please advise
Signals:
3 - I did take some pips but nowhere near the bottom.
4 - was against the H1 trend.
5 - was all red at the time of trade, so I went short but there was no follow through.
6 - the daily S1 held it back didn't follow through
7, 8 - news came out, no clear direction for me
9 - went short, all red at the time, again didn't follow through
10 - manage to go up after some time, but didn't look great.

Thank you in advance
Chris
Attached Image (click to enlarge)
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  • #9,768
  • Mar 22, 2012 3:34pm Mar 22, 2012 3:34pm
Quoting LazyPawn
Of course, 100 pips a day is perfectly possible trading multiple pairs. Even 200, or 300. But not every day! Every system has 'bad' days, no matter how logical or how much you tweak it. That's why no holy grail exists in trading. What is missing here is veterans posting such days or at least trades. Even when the market is in a very tight range, even when it goes only one way, even when it has stupid spikes in both directions ... we still get the same people reporting the same 100 pips. Or simply keeping quiet. I won't say anything more on this...
Thats not right, Yelena reported on Feb 22nd that she was at one point over 100 pips in loss on different trades, if you look back to that day you will see it. She didn't keep quiet about it at all, but I think thats the only day it happened, when EU had a range the whole day of 45 pips.
  • #9,769
  • Edited 4:23pm Mar 22, 2012 3:57pm | Edited 4:23pm
Quoting J316
Hi Yelena,

Well done with the excellent results from trading Symphonie. If you have time can you please have a look at my 5min E/U chart below and walk me through how you have done your trades? See that you manage your take profit levels quite good on this system.

Here is the process that I went through trading the M5. Please advise
Signals:
3 - I did take some pips but nowhere near the bottom.
4 - was against the H1 trend.
5 - was all red at the time of trade, so I went short but there was no follow through.
6 - the daily S1 held it back...
You have shown the arrows as signals, Yelena only trades the 5min in the direction of H1 looking at price action on the H1. If you look at the H1 candle (11am on fxpro's charts, GMT +2) what do you see?
  • #9,770
  • Mar 22, 2012 4:22pm Mar 22, 2012 4:22pm
Quoting ohammond
You have shown the arrows as signals, Yelena only trades the 5min in the direction of H1 looking at price action. If you look at the H1 candle (11am on fxpro's charts, GMT +2) what do you see?
Hi ohammond,
ok as I understand it H1 trend down, look for shorts on M5. I only took a screen shot from the RJ template previously given by Yelena, also reading the doc from RJ how he trades the M5 and M1.

Not exactly sure how Yelena determines the entries because your talking about price action. The rules that I have are:
* 60 - 5 rule
* Then when arrow appears on chart, check the matrix for color confirmation in the correct direction.

Am I missing something? Or am I trying to combine Realjumpers method with Yelena's?

I am also trying to keep up with any changes in trading this system to get the full potential out of it.

Thanks for your help

Chris
  • #9,771
  • Mar 22, 2012 5:07pm Mar 22, 2012 5:07pm
To make sure that everyone understand Symphonie 60-5, I present to you my small summary on Symphonie and Symphonie60-5. Because I think there maybe some confusion as to exactly how to execute Symphonie60-5. I attach two flow diagrams that demonstrate the thought process behind Symphonie Trader System and the corresponding Symphonie 60-5 method.

Chart 1

First is the original design chart on the actual functions of price action and why I say that Symphonie is designed to always catch price action on the backside of a movement. You will see that Symphonie look to find already established patterns then one enters the price action the moment after the top/botom has been established and catches the ''meat'' of a price action movement. You want to enter at this area because you are looking for as little resistance to your orders direction as possible to ensure your chance of success. (original Symphonie Construction)

Chart 2

The reason I think Symphonie 60-5 is more successful is because it breaks down this process even further while keeping the trader looking at the larger picture (hourly chart) and out of the whipsaws of 5 min price action. As follows;

Symphonie in the 1 hour timeframe creates a signal. At this point, the 5 min Symphonie Matrix is usually always out of sync with the hourly chart as most candlesticks always have a wick. So for an hourly candlestick the wick is the pullback 5 min. Therfore, the 5 min chart must be out of sync or even showing a opposite signal.

Symphonie 60-5 method looks to catch both timframes at the exact moment both signals match which creates a very strong signal usually with great price action movement. (optimal entry point)

This is explained visually by chart number two.

So, 60 min Symphonie Signal first then watch 5 min for Symphonie Signal in the same direction as 60 min. (i.e. Symphonie Sync Point)

Best of Luck,

Evalautor. http://www.stevehopwoodforex.com/php...con_e_geek.gif
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Symphonie Trading Cycle Diagram.jpg Size: 120 KB
Click to Enlarge Name: Symphonie 60-5 Price Action Flow Chart.jpg Size: 107 KB
  • #9,772
  • Mar 22, 2012 5:13pm Mar 22, 2012 5:13pm
Quoting J316
Hi ohammond,
ok as I understand it H1 trend down, look for shorts on M5. I only took a screen shot from the RJ template previously given by Yelena, also reading the doc from RJ how he trades the M5 and M1.

Not exactly sure how Yelena determines the entries because your talking about price action. The rules that I have are:
* 60 - 5 rule
* Then when arrow appears on chart, check the matrix for color confirmation in the correct direction.

Am I missing something? Or am I trying to combine Realjumpers method with Yelena's?

I am also trying to...
No the arrow is there for confirmation of sorts, none of the people including realjumper who introduced the arrow to the thread wait for the arrow to take a trade.

There are a couple of distinct ways that most of us trade symphonie. There is the 60-5 which Evaluator came up with, he waits for a FULL signal on H1 so, all 4 indicators must be the same colour, then he takes every 5min signal to that direction (during his trading hours).

Then there is Yelena's (and quite a few of us trade the same way) look to the H1 for direction, you can use heiken ashi bars as yelena does plus the ma, the arrow is a good visual representation on H1, meaning you can quickly look at the chart for the arrow and know which direction very quickly. We don't wait for a full signal before trading that direction on M5. Yelena and realjumper like to use heiken ashi, I like to use normal candles. We will all wait until there is a bearish below the MA on H1 for a sell or vice versa for a buy, and then trade in that direction only on M5.

Once we have decided on direction, either Evaluator with his way or with direction only, we take a full signal on the M5 as long as price is above/below the MA. I don't think I've left anything out, but someone else can jump in.

I like to use normal candles because I like to tell whats happening underneath the heiken ashi but thats just the way I'm used to doing it. The reason I asked you about the 11am candle on H1 was it was a pin bar (long lower wick, much longer than the body) not only that it had gone over its atr for the day. In those circumstances, I would only be looking for scalps, which I did, but as soon as it hesitated around half way down the pin I was out again.
  • #9,773
  • Mar 22, 2012 5:51pm Mar 22, 2012 5:51pm
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...
This is a good post and I have no problem with your doubts. I can only speak for myself, but any losses that I incur are never in the "100's" of pips. I place my SL's above the previous swing high/low and usually I can identify a bad trade and exit long before the SL is hit. I see no reason sit back like a zombie and watch the SL get hit if I can avoid it.

Have I have losing days? Yes......but very rarely. Some days I might only make a small handful of pips, but the complete losing days you can count on one hand in the past 6 months.

As you say, people may be skeptical of some of the great results you see posted here, all I can say is try the system. No, not for a day or two, but for a month. Get to know the system and stop reading the 'armchair' analysts here.....and everywhere in fact.....just trade the system.

I have had people contact me via PM who have had losing streaks using this system, but when I see their charts, it's easy to see that they haven't followed the system rules. Once they understand properly how to enter and when to not enter.....and possible exits, they too make consistent pips. Of course I'm not going to name names, but the people I refer to still post here on this thread.

At the end of the day, the only way you can speak about this system with any kind of credibility, is to trade it....for several weeks. And as I said, trade the system and ignore all the rest of the armchair analysts.

This system is the same now as it ever was. There have been some subtle improvements, but the system has not fundamentally changed. The reason for that is because it works. Pure and simple.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,774
  • Mar 22, 2012 6:17pm Mar 22, 2012 6:17pm
Ok I'm excited to revisit the 5m method.. it seems very good in reducing drawdown and maximizing the pip gains.

Is there any way we can get the ma5 on the 1hr chart to appear on the 5m?? EDIT: actually nvm i'll use 1.9 to see the mtf picture

also I took off my heiken ashi candles so I can actually see the real price candle... I'm just used to it
  • #9,775
  • Mar 22, 2012 6:25pm Mar 22, 2012 6:25pm
Quoting Dyekid217
Ok I'm excited to revisit the 5m method.. it seems very good in reducing drawdown and maximizing the pip gains.

Is there any way we can get the ma5 on the 1hr chart to appear on the 5m??

also I took off my heiken ashi candles so I can actually see the real price candle... I'm just used to it
What do you mean?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,776
  • Mar 22, 2012 6:26pm Mar 22, 2012 6:26pm
sorry I edited it.. I'm just going to use 1.9 to see the mtf picture..

I think my problem when I tried trading 5m was that I was aiming for too many pips and didn't exit when I should have..
  • #9,777
  • Mar 22, 2012 6:32pm Mar 22, 2012 6:32pm
Quoting Dyekid217
sorry I edited it.. I'm just going to use 1.9 to see the mtf picture..

I think my problem when I tried trading 5m was that I was aiming for too many pips and didn't exit when I should have..
Ok....no problem.

The M5 can yield 1 pip to 100 pips or more.....it all depends on your trade management.

Could I suggest that you stick to one method for a couple of weeks before changing to a different method of trading the system? If you chop and change, you will never find *your* method and it will be a frustrating journey for you.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,778
  • Mar 22, 2012 6:54pm Mar 22, 2012 6:54pm
Hidden Bearish Divergence on EU H1......and look at those doji's......
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,779
  • Mar 22, 2012 7:04pm Mar 22, 2012 7:04pm
Quoting realjumper
I have had people contact me via PM who have had losing streaks using this system, but when I see their charts, it's easy to see that they haven't followed the system rules....
That was a great post, thanks. I have one more question, related to the quoted part. The rules of the system are very simple. I am sure the people who contacted you are not stupid or blind, they can see when 4 dots turn red. So I suppose (correct me if I'm wrong!) that the mistakes those people made are of a different kind. Maybe they don't grasp some discretionary aspects as well as you do. I can think of many such things - e.g. entering when the pair has almost completed its daily range, or when important news are expected or when the pair is in a tight range and so on. There are many guidelines and patterns that a good trader like yourself knows or "feels" and acts according to them even if sometimes it's all on a subconscious level. All those clues can make you skip a trade even when all the basic rules are met, or jump the gun on a different one before you have a full go; they help you exit early when you think something doesn't feel right or keep the position open for many hours when you feel it has potential. Because - let's face it - if Symphonie was just a matter of taking all signals as they occur, according to the rules, you wouldn't have some people making tons of pips and others with losing streaks at the same time. Why am I saying all this? Because it would be very helpful to post charts of a different kind than usual. Instead of showing a textbook example of a winning trade, you could post a chart where you had 4 reds but didn't take a short because ... <insert reasoning here>. Or a chart where your SL was still far away but you didn't wait until being hit and closed for a small loss because <insert reasoning here>. Or 2 charts side by side, same time frame, and show why in one case you took profit at 40 pips and in the other one you got out after 4. I think that kind of knowledge is what most people are looking for, something that goes a little beyond the basic rules.

I think I am going to make an exception to my normal "don't trade short time frames" rule and test the 60-5 system myself for at least 1-2 months on a demo account. I promise to post my results (good or bad) after that.
  • #9,780
  • Mar 22, 2012 7:11pm Mar 22, 2012 7:11pm
Hidden Bullish Divergence on H1 usd/chf.........hmmmm.....the ducks may be lining up!!
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Doing what you like is Freedom. Liking what you do is Happiness.
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