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Symphonie Trader System

  • #10,041
  • Mar 27, 2012 3:53am Mar 27, 2012 3:53am
Quoting Mackem10
Hi Dumplin, when you say basic 60-5 Im presuming thats both time frames line up in same direction but as far as I could see the 60 on both were indicating more short signals?
Depends what his trendline settings are, if they were 30,5 then there was no short signal on H1.
  • #10,042
  • Mar 27, 2012 4:00am Mar 27, 2012 4:00am
Quoting ohammond
Depends what his trendline settings are, if they were 30,5 then there was no short signal on H1.
I didnt mean there was a short signal, im just struggling to understand the terminology. Ian said that he had used basic 60-5 which to me indicated he meant that he had buy signals on both time frames but I saw more red than blue's on both 60's.

Not sure if im explainging myself well, tend to talk in riddles at this time in the morning.
  • #10,043
  • Mar 27, 2012 4:04am Mar 27, 2012 4:04am
Quoting Mackem10
I didnt mean there was a short signal, im just struggling to understand the terminology. Ian said that he had used basic 60-5 which to me indicated he meant that he had buy signals on both time frames but I saw more red than blue's on both 60's.

Not sure if im explainging myself well, tend to talk in riddles at this time in the morning.
The 60-5 is when there has been an actual signal on H1, for instance, the last signal was a buy, so then you just buy on the M5 until you get an opposite signal on H1, it doesn't matter how long ago that signal was on H1.
  • #10,044
  • Mar 27, 2012 4:10am Mar 27, 2012 4:10am
Kiwi is approaching the 'line in the sand'
Attached Image (click to enlarge)
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,045
  • Mar 27, 2012 4:12am Mar 27, 2012 4:12am
Quoting mukamaisaac
Symphonians "May be musicians" (Traders),
why is it that signaler 1.9 does not auto-refresh. I have to switch time frames to know exactly what is happening to Price Action? Or is it supposed to be refreshed this way?
@Eval, are u always watching the 1hr TF in you 60-5 method of trading symphony till u get a signal?
thanks

I've same problem, not solved yet, still use Matrix 1.6.1.
http://www.forexfactory.com/showthre...er#post5496197
  • #10,046
  • Mar 27, 2012 4:20am Mar 27, 2012 4:20am
Quoting ohammond
The 60-5 is when there has been an actual signal on H1, for instance, the last signal was a buy, so then you just buy on the M5 until you get an opposite signal on H1, it doesn't matter how long ago that signal was on H1.
I understand so the signal on 60 doesnt need to be active as such, thank you.
  • #10,047
  • Mar 27, 2012 4:33am Mar 27, 2012 4:33am
Quoting realjumper
Kiwi is approaching the 'line in the sand'

I saw that too. Are you long?
  • #10,048
  • Mar 27, 2012 4:40am Mar 27, 2012 4:40am
Wow. Very volatile today.
  • #10,049
  • Mar 27, 2012 4:43am Mar 27, 2012 4:43am
Is Helicopter Ben Bernake speaking again today, or is it a misprint I'm getting?
  • #10,050
  • Mar 27, 2012 4:48am Mar 27, 2012 4:48am
for all newbies out there. here is a little motivation how important it is to stick to the rule and have the real mindset. this is the important part in trading ever.
1.5% daily average and compounding.
to believe in the system and yourself. to analyze yourself and the system before you trade and to analyze your statistics to get efficency and disciplined.

maybe i will open a journal thread, where i will analyze the in's and out's of this system and why entries are secondary if you like.

why the market reacts and how and where. why news are not so important, but only to know when they happen and how the participants react to it.

why wave theory is important if you trade a multitimeframe system and why the Tick(price) is the start of everything.
there is no wrong or right. but there are facts which can not lie.

maybe my addons will be confusing but to know the facts will improve in trading so much. and this is gospel. hehe
Attached Image (click to enlarge)
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  • #10,051
  • Mar 27, 2012 4:49am Mar 27, 2012 4:49am
Quoting FXSwissTrader
Is Helicopter Ben Bernake speaking again today, or is it a misprint I'm getting?
Helicopter
  • #10,052
  • Mar 27, 2012 4:51am Mar 27, 2012 4:51am
Quoting FXSwissTrader
I saw that too. Are you long?
Not trading the Kiwi at the moment
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,053
  • Mar 27, 2012 5:22am Mar 27, 2012 5:22am
I took this EUR/JPY trade earlier, it is another symphony 60-5 for 30 pips , so with a 20 pip SL it resulted in a 1:1.5 RR
Attached Image (click to enlarge)
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Island hopping throughout the Caribbean
  • #10,054
  • Mar 27, 2012 5:23am Mar 27, 2012 5:23am
I have a question reguarding my screenshot below. Ive recently been testing the system with all variations and I've just added the matrix to my set of indis. So just ignore stand alone emotion/sentiment on top of the matrix.

Anyway, I entered the trade marked with the first cross, as thats when everything line up. My exit strat is strat #1 on post 1. So I'm waiting for an extreme spike on the opposite, then waiting 4 candles to see if it holds and exit on the beginning of the fith candle.

My question is, on the sympohnie matrix you can see the extreme square dots have turned red on the large green candle you can see marked. But, the symponie exteme cycle indicator (which you can see above the matrix) did not leave an extreme spike. It left a standard spike as you can see on the chart, which did not have the colour bar inside it.

So based on my trading exit, whats should I be paying attention to? The extreme cycle part of the matrix telling me to get out? Or wait until the original cycle indicator shows an extreme spike (and then wait 4 candles to see if it holds?) Not sure why they dont match up!

Thanks

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  • #10,055
  • Edited 5:41am Mar 27, 2012 5:28am | Edited 5:41am
Quoting Mackem10
Hi Dumplin, when you say basic 60-5 Im presuming thats both time frames line up in same direction but as far as I could see the 60 on both were indicating more short signals?
Hey Mackem,

I'm using 20,5 setting for my trendline and not the 30,5 on post 1. See pic below of the EUR/USD on the hourly chart. It have a green arrow as the last arrow on my chart so I'm looking to buy until further notice. Its the same for the GBP/USD, hope that helps.

Sorry Mackem if I wasn't being clear, my mistake I'm using the RJ arrow on the hourly to identify which direction I should be buying or selling, then I use the symphony along with other things on the 5 min chart for entry. I guess you could call this a variation of the Symphony 60-5.

Ian
Attached Image (click to enlarge)
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Island hopping throughout the Caribbean
  • #10,056
  • Mar 27, 2012 5:30am Mar 27, 2012 5:30am
Quoting FXSwissTrader
Wow. Very volatile today.
Not really, just take the basic symphony 60-5, you could have a 100+ pips by now, EUR/USD, GBP/USD, EUR/JPY and the USD/CHF all gave good signals
Island hopping throughout the Caribbean
  • #10,057
  • Mar 27, 2012 5:37am Mar 27, 2012 5:37am
Quoting dumplin_eater
Hey Mackem,

I'm using 20,5 setting for my trendline and not the 30,5 on post 1. See pic below of the EUR/USD on the hourly chart. I have a a green arrow as the last arrow on my chart so I'm looking to buy until further notice. Its the same for the GBP/USD, hope that helps.

Sorry Mackem, my mistake I'm using the RJ arrow on the hourly to identify which direction I should be buying or selling, then I use the symphony along with other things on the 5 min for entry

Ian
Very much so, Cheers Ian.
  • #10,058
  • Mar 27, 2012 5:59am Mar 27, 2012 5:59am
Quoting dumplin_eater
Not really, just take the basic symphony 60-5, you could have a 100+ pips by now, EUR/USD, GBP/USD, EUR/JPY and the USD/CHF all gave good signals
I don't trade cross correlate pairs. I never understood why traders do that? Doesn't make sense. If you're going to risk the same amount spread over different pairs that correlate, just trade your MM on ONE pair.
  • #10,059
  • Mar 27, 2012 6:03am Mar 27, 2012 6:03am
FYI - Dollar index about to go positive.
  • #10,060
  • Mar 27, 2012 6:05am Mar 27, 2012 6:05am
Quoting comer
Hi All,

I have just finished reading this thread from #1. Impressive! I am a newbie, eager to learn everything there is to learn, to know how everything works. Naturally I wanted to know how Symphonie indicators work too - so I looked inside... and it turned out as full rewrite of all of them. And then some . There were just too much of just plain programming mistakes and I just can't seriously take any indicator if I know it's calculating garbage, trips over itself and otherwise broken.
By all means - in no way am I bashing this...
Has anyone tried Comer's recoded indi's?? and if so are they working better than the original version??
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