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Symphonie Trader System

  • #9,981
  • Mar 26, 2012 3:59am Mar 26, 2012 3:59am
Quoting dumplin_eater
Here's the USD/CHF as well . its the basic Symphony 60-5 for 30+ pips. My Stop loss on this was 10 pips + spread for 13 pips so it was a nice 2:1 RR .
I'm in that trade too....looking for 9170
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,982
  • Mar 26, 2012 4:01am Mar 26, 2012 4:01am
when using the 60-5 method I like to manage my trades in H1. Wen't back to demo to test for now just so I know I can be consistent with my trading plan
  • #9,983
  • Mar 26, 2012 4:03am Mar 26, 2012 4:03am
Quoting realjumper
I'm in that trade too....looking for 9170
Hey RJ, I would normally trail with a 15 pip stop but from seeing Yelena' s stats about pairs hitting R1 most of the time , I closed my trade and just took profit. I've been struggling with my trading for the last few weeks so I'm just trying to play the best odds possible and bank as many pips as I possibly can.

Ian
Island hopping throughout the Caribbean
  • #9,984
  • Mar 26, 2012 4:06am Mar 26, 2012 4:06am
Quoting dumplin_eater
Hey RJ, I would normally trail with a 15 pip stop but from seeing Yelena' s stats about pairs hitting R1 most of the time , I closed my trade and just took profit. I've been struggling with my trading for the last few weeks so I'm just trying to play the best odds possible and bank as many pips as I possibly can.

Ian
You're doing fine

My SL is in profit just under R1 so I'm going to let this one run to the previous swing high. Hopefully Bernanke doesn't spoil that plan when he starts yappin later on!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,985
  • Mar 26, 2012 4:06am Mar 26, 2012 4:06am
I certainly hope that everyone remember my post #7158. The expanding triangle pattern seems to be back on track after a small delay from Friday's crazy price action. Looking to the bottom of the triangular pattern in the 1.28000 area. That also just happens to be the bottom of a larger downchannel...where one should look for the eurusd to bounce.

The below charts tells the whole story.


Evaluator.:nerd:

(p.s. It is hard to belive that was over 200 posta ago...this thread sure moves fast!)
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  • #9,986
  • Mar 26, 2012 4:07am Mar 26, 2012 4:07am
Yelena,

I'll be damned, the eur/usd just touched the tp1 level.
Took awhile but it got there...

Thanks for all your help!

snarlyjack

P.S. Guy's I'll be on vacation for a week starting Tuesday.
A much needed vacation I might add...Good trading...
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  • #9,987
  • Mar 26, 2012 4:08am Mar 26, 2012 4:08am
Well it looks like both the EUR/USD and USD/CHF have pushed through S1 and R1 respectively. Normally I would trail withe EUR/USD with a 20 pip stop as I find that it gives your trades enough room to breathe but I closed early at the round number of 1.3200
Island hopping throughout the Caribbean
  • #9,988
  • Mar 26, 2012 4:13am Mar 26, 2012 4:13am
Quoting dumplin_eater
Well it looks like both the EUR/USD and USD/CHF have pushed through S1 and R1 respectively. Normally I would trail withe EUR/USD with a 20 pip stop as I find that it gives your trades enough room to breathe but I closed early at the round number of 1.3200
That's a good policy. I pay attention to those important numbers like round numbers. If the PA breaks though you will probably get a re-entry chance, and if not, you have pips in your pocket
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,989
  • Mar 26, 2012 4:25am Mar 26, 2012 4:25am
This is a trade that I passed on. Its the AUD/USD. Normally when I take a trade on the EUR/USD, I normally look at the AUD/USD and EUR/JPY because they seem to move in tandem most of the time, so if I sell on one I may look to sell on the others as well. But in the case of the AUD/USD it just couldn't seem to break the pivot on the 5 min chart, It tried, once, twice and then the third time. So there was no way I was going to put a sell order on that trade; price would have to at least close somewhere in the 1.0420 region for me to even consider selling. It was just not a high probability set up.
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Island hopping throughout the Caribbean
  • #9,990
  • Mar 26, 2012 4:27am Mar 26, 2012 4:27am
Quoting jurn_e
60-5 method in EU just raked some nice pips!
racking 6%! end of trading day!

@jack TP1 and 2!
  • #9,991
  • Mar 26, 2012 4:28am Mar 26, 2012 4:28am
Quoting dumplin_eater
This is a trade that I passed on. Its the AUD/USD. Normally when I take a trade on the EUR/USD, I normally look at the AUD/USD and EUR/JPY because they seem to move in tandem most of the time, so if I sell on one I may look to sell on the others as well. But in the case of the AUD/USD it just couldn't seem to break the pivot on the 5 min chart, It tried, once, twice and then the third time. So there was no way I was going to put a sell order on that trade; price would have to at least close somewhere in the 1.0420 region for me to even consider...
Yeah you got it....no point in chasing the market around. The high probability trades are the ones we want.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,992
  • Mar 26, 2012 4:33am Mar 26, 2012 4:33am
Quoting realjumper
That's a good policy. I pay attention to those important numbers like round numbers. If the PA breaks though you will probably get a re-entry chance, and if not, you have pips in your pocket
That's so true. One Question for you RJ , How would you approach a re-entry on the GBP/USD chart below. The hourly chart gave a sell signal but the stochastic hadn't reached far enough out of the oversold area to warrant a re-entry.
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Island hopping throughout the Caribbean
  • #9,993
  • Mar 26, 2012 4:38am Mar 26, 2012 4:38am
Quoting dumplin_eater
That's so true. One Question for you RJ , How would you approach a re-entry on the GBP/USD chart below. The hourly chart gave a sell signal but the stochastic hadn't reached far enough out of the oversold area to warrant a re-entry.
It looks to be forming a bear flag, so I would be looking for confirmation of that, provided the H1 is still in agreement. If the Stoch at that time is looking good, you're in. If not, better to sit it out and not give your hard earned profits back to the broker.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,994
  • Mar 26, 2012 4:54am Mar 26, 2012 4:54am
Quoting Zendo
Great trades!
Would be nice if you could open the "history trades" and "open trades" on myfxbook for comparing and learning.
Good trading
Thank you. I will not however open the history trades and open orders that's my private business.
  • #9,995
  • Mar 26, 2012 5:31am Mar 26, 2012 5:31am
Quoting realjumper
You're doing fine

My SL is in profit just under R1 so I'm going to let this one run to the previous swing high. Hopefully Bernanke doesn't spoil that plan when he starts yappin later on!
My SL got hit on that one, so my aim was too high this time around. Never mind....a profit is a profit.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,996
  • Mar 26, 2012 5:47am Mar 26, 2012 5:47am
Hi, just checking if this is a valid trade from my understanding so far. Also after the close of the newest candle the trendline indi painted it to be blue a few candles back (which it diddnt show before - is that normal?). Ive had the extreme point, and now all other indis line up
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  • #9,997
  • Mar 26, 2012 5:52am Mar 26, 2012 5:52am
post #10000
This thread grows like a wild fire.
thank you all you guys for your contribution.
Isaac
  • #9,998
  • Mar 26, 2012 5:55am Mar 26, 2012 5:55am
Quoting chewz
Hi, just checking if this is a valid trade from my understanding so far. Also after the close of the newest candle the trendline indi painted it to be blue a few candles back (which it diddnt show before - is that normal?). Ive had the extreme point, and now all other indis line up
Attachment
Is the trade valid.....yes and no.I would have got into that MUCH sooner, but your understanding of the system rules is fine. The problem you have, as I see it , is that the settings on the trendline may need to be changed. Do you know how to check the settings?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,999
  • Mar 26, 2012 6:21am Mar 26, 2012 6:21am
Yes, I do. Im using the template from post1, which as ive said previously for some reason did not attach the extreme indicator. So I manually added it myself. The current settings for trendline are:

cci period: 63
atr period: 18

Its confusing me slightly as Im not even sure all the other settings are correct on other indis - but this is what i grabbed on post1?

Anyway its shooting up at the minute for some nice profit. Theres so many variations on strats here. My exit strategy would be wait for another extreme signal on opposite side. If I do this am I also waiting for all 4 indis to line up before I exit? Im guessing so.

Last thing, do settings need to be changed for different time frames? Im using 5 min
  • #10,000
  • Mar 26, 2012 6:33am Mar 26, 2012 6:33am
Quoting chewz
Yes, I do. Im using the template from post1, which as ive said previously for some reason did not attach the extreme indicator. So I manually added it myself. The current settings for trendline are:

cci period: 63
atr period: 18

Its confusing me slightly as Im not even sure all the other settings are correct on other indis - but this is what i grabbed on post1?

Anyway its shooting up at the minute for some nice profit. Theres so many variations on strats here. My exit strategy would be wait for another extreme signal on opposite side. If I do...
The trendline is the only setting I change. I, and a few other traders here, are using 20, 5 instead of 63, 18, but if you want to try those settings, just paper trade then to see whether you like them or not.

Exit strategies are always the hardest to define, because there are so many variables involved. Eval has outlined several methods of exit on Page 1, but I use things like Pivot points, previous support/resistance lines, round numbers etc etc. I do take note of extreme, but I think if you wait until all 4 indies line up, you might be giving back a sizable chunk of your profits.

I can't be any more specific on exists because they are the most difficult. Try what Eval has suggested in his various exit strategies and see if any of them suit you.

And no, the settings don't need to be changed to suit other time frames.
Doing what you like is Freedom. Liking what you do is Happiness.
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