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Symphonie Trader System

  • #10,001
  • Mar 26, 2012 8:14am Mar 26, 2012 8:14am
Quoting realjumper
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?

How are you RJ? Was wondering if you have a rule about trading in the opposite direction after a steep decline like the eur/usd happened today? Made mad pips on the downtrend but just couldn't pull the tigger on the uptrend do to the fact it was heading towards pivot. Hourly chart still had not lined up for a buy either. Do you just go by the pivot rule? under-sell only, over-buy only? Hope you're doing well.
  • #10,002
  • Mar 26, 2012 8:24am Mar 26, 2012 8:24am
Quoting FXSwissTrader
How are you RJ? Was wondering if you have a rule about trading in the opposite direction after a steep decline like the eur/usd happened today? Made mad pips on the downtrend but just couldn't pull the tigger on the uptrend do to the fact it was heading towards pivot. Hourly chart still had not lined up for a buy either. Do you just go by the pivot rule? under-sell only, over-buy only? Hope you're doing well.
Unfortunately, I couldn't trade today and haven't been online much but if you look at the daily, it had 2 strong bullish patterns one after the other, so I don't think I would have had a problem pulling the trigger on a buy, I would have been more wary of sells.

http://www.candlesticker.com/Cs63.asp and then http://www.candlesticker.com/Cs87.asp
  • #10,003
  • Mar 26, 2012 8:38am Mar 26, 2012 8:38am
Quoting ohammond
Unfortunately, I couldn't trade today and haven't been online much but if you look at the daily, it had 2 strong bullish patterns one after the other, so I don't think I would have had a problem pulling the trigger on a buy, I would have been more wary of sells.

http://www.candlesticker.com/Cs63.asp and then http://www.candlesticker.com/Cs87.asp

Valid point but one could also see a potential head and shoulder formation and steep decline in EUR/USD after German IFO release and fall beneath pivot. RJ strategy lined up and also 60-5 method as well. Assumed it was finishing the H&S and move sharp decline. On top off that, dollar index was up 35 points at the time, S&P futures and DAX was also down. Everything pointed to a downtrend today. The EUR/USD reversal looked like it was just going to be a pullback. Oh well. The stars lined up but here comes Bernanke. Someone must've had some inside info to his speech for more QE.
  • #10,004
  • Mar 26, 2012 8:45am Mar 26, 2012 8:45am
Quoting FXSwissTrader
Someone must've had some inside info to his speech for more QE.
They always do. Also, potential head and shoulders and confirmed candle patterns are entirely different things. Thats why we need to bear these things in mind, but until a pattern is confirmed its nothing, plus I should add, my symphonie daily signalled up today
  • #10,005
  • Mar 26, 2012 9:51am Mar 26, 2012 9:51am
Thanks for response, think i'll be sticking with post 1 settings and rules. But the trade I took earlier, has panned out well. At the time I had no exit strategy, so I exited at the second cross marked on the chart, and entered on the first (this is where I first seen the trendline indi line up, aswell as all the rest).

For those fib expansion traders, am I drawing it correctly, using the correct settings? I drew it from previous low to the current candle I entered on. Stop loss was 50 pips, SL to BE was 50 and target was 95 odd pips. This seems awfully high for 5 min chart - Am I drawing it correctly? Thanks again

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Attached Image


btw the trade entered you see is from my normal method and nothing to do with symphonie
  • #10,006
  • Mar 26, 2012 10:29am Mar 26, 2012 10:29am
Quoting chewz
Thanks for response, think i'll be sticking with post 1 settings and rules. But the trade I took earlier, has panned out well. At the time I had no exit strategy, so I exited at the second cross marked on the chart, and entered on the first (this is where I first seen the trendline indi line up, aswell as all the rest).

For those fib expansion traders, am I drawing it correctly, using the correct settings? I drew it from previous low to the current candle I entered on. Stop loss was 50 pips, SL to BE was 50 and target was 95 odd pips. This seems...

yes that's right but you don't have to stick to that kind of target. it's just a purpose, a possibility.... there is no rules. if it seems to high then target 20 or 30 pips only
  • #10,007
  • Mar 26, 2012 10:57am Mar 26, 2012 10:57am
Ok just wanted to clear up I understood it all correctly. Fantastic first trade anyway. To make things more simple I may just trade signal to signal. Needs more testing
  • #10,008
  • Mar 26, 2012 10:58am Mar 26, 2012 10:58am
Quoting mukamaisaac
post #10000
This thread grows like a wild fire.
thank you all you guys for your contribution.
Isaac
10.000

Oh my God. This is extraordinary. Eval, Congratulations and thank you very much for this great thread.
Enter Signature
  • #10,009
  • Mar 26, 2012 11:27am Mar 26, 2012 11:27am
I added range bars for an offline 20m shart for more conservative trading and bigger trend.So look at the chart.
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Trade with 60
  • #10,010
  • Mar 26, 2012 12:25pm Mar 26, 2012 12:25pm
I'm just wondering what the protocol is when the the grid is not showing "all blue" or "all red", then on the next candle it suddenly has 2 or 3 rows of "all blue" or "all red".

Do you still wait for the 5min (my chart choice) to get the next candle, or do you enter when you see the "all blue/red"?

Usually, I'm waiting for 1 or 2 boxes in the grid to change. They generally line up and then there will be that 1st row of "all blue/red". Then I'll wait for that 5 minute candle to close and then enter. But sometimes, the grid will repaint so that all of a sudden when I've been following the grid waiting for that 1 box to change, suddenly it changes, and it also changes the boxes 1 or 2 before it. It then looks like you are 10 or 15 minutes behind where you should have entered.

Hopefully, this is clear! Hard to explain.
  • #10,011
  • Mar 26, 2012 12:39pm Mar 26, 2012 12:39pm
Quoting b-rock
I'm just wondering what the protocol is when the the grid is not showing "all blue" or "all red", then on the next candle it suddenly has 2 or 3 rows of "all blue" or "all red".

Do you still wait for the 5min (my chart choice) to get the next candle, or do you enter when you see the "all blue/red"?

Usually, I'm waiting for 1 or 2 boxes in the grid to change. They generally line up and then there will be that 1st row of "all blue/red". Then I'll wait for that 5 minute candle to close and then enter. But sometimes, the grid will...
Thats why i put renko and range bars to fliter and compress more bars to make trend.I dont trade like this but i'm trying to figure the way that suits me.
Trade with 60
  • #10,012
  • Edited 1:13pm Mar 26, 2012 12:42pm | Edited 1:13pm
Evaluator, or anyone really. In post1 he has his weekly account stats posted each friday. What exit rules are these based on? is each trial different, or exactly the same?

Also if we enter trade based on all 4 indis line up, and then so many candles down trendline colour changes as well as an opposite extreme signal. Do we exit the trade?
  • #10,013
  • Mar 26, 2012 1:34pm Mar 26, 2012 1:34pm
Quoting maudur
10.000

Oh my God. This is extraordinary. Eval, Congratulations and thank you very much for this great thread.

Yes it is fantastic to see! Thank you to all who have contributed to the thread.

Evaluator.:nerd:
  • #10,014
  • Mar 26, 2012 2:58pm Mar 26, 2012 2:58pm
Looke like we are approaching the recent highs from the end of Feb on E/D, also 200 day MA, and decending trend line, and Sto is getting ~85. See ellipse area on chart.
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  • #10,015
  • Mar 26, 2012 3:25pm Mar 26, 2012 3:25pm
Quoting Evaluator
Yes it is fantastic to see! Thank you to all who have contributed to the thread.

Evaluator.:nerd:

Eval,


I think you missed my post (#9942), can you check and let me know how you want to proceed?



Thanks

zezequinha
  • #10,016
  • Edited 3:51pm Mar 26, 2012 3:25pm | Edited 3:51pm
Hope you guys dont mind I ask but which matrix is the most current/best? I've read through parts of the forum and currently have several on my computer; symphonie matrix indikator 1.7, symphonie matrix indikator 1.6, symphonie combi matix indicator1.7. Is one better or different than the other?? Also what about v2.0 and v 1.8? is anyone using those? It seems like v1.6 is use the most maybe? Thanks in advance
  • #10,017
  • Mar 26, 2012 3:34pm Mar 26, 2012 3:34pm
Quoting FXSwissTrader
How are you RJ? Was wondering if you have a rule about trading in the opposite direction after a steep decline like the eur/usd happened today? Made mad pips on the downtrend but just couldn't pull the tigger on the uptrend do to the fact it was heading towards pivot. Hourly chart still had not lined up for a buy either. Do you just go by the pivot rule? under-sell only, over-buy only? Hope you're doing well.
Hey there

Generally speaking I try to not trade against the trend, however when we have ranging/consolidating markets such as we have had lately, I will trade both ways if I get a good signal. I didn't buy on the upswing either because that could very easily have been a pivot re-test and bounce off to another fall. After the pivot is broke though, all bets for the bears are off and the bulls have the stage. A SL under the pivot for safety, and away we go again. When there is a decent reversal like there was today, if you are going to wait on the H1 for the 60 - 5 method, you are going to miss a good chunk of the move. Just have a peek at the M30 while you're waiting and you would have seen a confirmed reversal signaled way earlier than the H1.....and that is good enough for me to enter on.

I was trading on usd/chf today, not eu....but the same rules apply
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,018
  • Mar 26, 2012 4:35pm Mar 26, 2012 4:35pm
Quoting stefan416
Hope you guys dont mind I ask but which matrix is the most current/best? I've read through parts of the forum and currently have several on my computer; symphonie matrix indikator 1.7, symphonie matrix indikator 1.6, symphonie combi matix indicator1.7. Is one better or different than the other?? Also what about v2.0 and v 1.8? is anyone using those? It seems like v1.6 is use the most maybe? Thanks in advance
The best matrix is 1.6.1.

Please find it in this post #8811
Enter Signature
  • #10,019
  • Mar 26, 2012 4:37pm Mar 26, 2012 4:37pm
Quoting zezequinha
Eval,


I think you missed my post (#9942), can you check and let me know how you want to proceed?



Thanks

zezequinha

zezequinha,

Feel free to post if you desire.

Evaluator.:nerd:
  • #10,020
  • Mar 26, 2012 4:45pm Mar 26, 2012 4:45pm
Quoting realjumper
Hey there

Generally speaking I try to not trade against the trend, however when we have ranging/consolidating markets such as we have had lately, I will trade both ways if I get a good signal. I didn't buy on the upswing either because that could very easily have been a pivot re-test and bounce off to another fall. After the pivot is broke though, all bets for the bears are off and the bulls have the stage. A SL under the pivot for safety, and away we go again. When there is a decent reversal like there was today, if you are going to wait on...

Appreciate the feedback RJ. I'm actually using your template with your entry/exit rules with the use of pivots, S&R and ADR. Have a great day mate. It's late here. Happy pips tomorrow.
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