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Symphonie Trader System

  • #10,601
  • Apr 4, 2012 3:47pm Apr 4, 2012 3:47pm
Hey Eval not sure if you saw my post earlier or if it got buried in the thread but would you mind answering this question? Thanks.

"Hey Eval, I've been following this thread for a bit and getting a feel for the Symphonie v3.0 indicators on my MT4. So far the system looks great. Keep up the good work.

I've been trying to get a feel for exactly what the Emotion, Sentiment, Extreme and Trend indicators do, i.e. how do they interpret the parameters and what exactly their internal function is--but I'm not much of a coder so looking at the code has been a bit difficult. Forgive me if it's been posted anywhere in the thread, but would you or anybody else mind explaining exactly what each indicator does? Just so that I don't feel like I'm trading a system based on colors but actually understand what is going on. Thanks."
  • #10,602
  • Apr 4, 2012 3:58pm Apr 4, 2012 3:58pm
Quoting Blackeagle
Eval,

Just a question for you. When I look at H1 using Matrix 3.0.1, I see that EURUSD, GBPUSD and AUDUSD are all showing blue on Extreme since London open today (only EURUSD showed red bar for just one bar and it was a slight loss if you took a short at M5 after that H1 all-red signal).

So, this means there were no 60-5 signals on these pairs (except above explained EURUSD trade, am I correct? (I know you are not trading other pairs than EURUSD, but I'd appreciate if you can check those pairs on H1 and confirm).

Thanks,
Regards,
Blackeagle...
I thought the idea with the 60-5 method was that as long as there wasn't a full signal the other way, then they would still take trades in the same direction on M5 as the last signal was on H1, in which case, they would be taking sells still until the H1 said buy. I don't trade that way, but thats the way I would have interpreted it.
  • #10,603
  • Edited 4:53pm Apr 4, 2012 4:43pm | Edited 4:53pm
Still struggling to make consistent pips with this method! Absolutely gutted as so many seem to do well. I use 60-5 method, same rules as post1 and indicator settings.

Typically I'll enter a good first trade and make pips then any re enters usually mess me up. And fyi, I'm first waiting on H1 to give me a signal, I then look at my m5 charts and enter on the next fresh signal, and exit when the opposite extreme shows up on the m5 chart. This usually means the market may go my way initially, retrace, and then m5 shows an opposite signal and I get out with small profit or loss. Just no idea what I'm doing wrong now! And Im now going to stop trading if adr has been reached. Any suggestions? Not gonna quite till I make this work for me, thanks!

Btw, all those live accounts shown in post one, Im guessing they are not using the 60-5 method, just 5 min only? because using 5 min only really doesnt seem to work as well (in the week or so I've been trying this) I must be doing something utterly retarded or missing something so simple!
  • #10,604
  • Apr 4, 2012 5:22pm Apr 4, 2012 5:22pm
Quoting chewz
Still struggling to make consistent pips with this method! Absolutely gutted as so many seem to do well. I use 60-5 method, same rules as post1 and indicator settings.

Typically I'll enter a good first trade and make pips then any re enters usually mess me up. And fyi, I'm first waiting on H1 to give me a signal, I then look at my m5 charts and enter on the next fresh signal, and exit when the opposite extreme shows up on the m5 chart. This usually means the market may go my way initially, retrace, and then m5 shows an opposite signal and I get...
Please post charts with this type of post. We can't possibly help if we can't see what you're doing and when you're doing it.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,605
  • Apr 4, 2012 5:34pm Apr 4, 2012 5:34pm
Quoting itsallover
Ok I get that and thanx for replying Eval But I was under the impression that the actual TVI indicator was also being used for re-entries as well? Something about the slope and the color change?

If all we need is the matrix then thats cool. And thanx again.
Kelly, you can use the TVi indi as a stand alone indi to see the slope etc, in fact that's what I do o the H1 charts. But on the M5 charts, I use the TVi Matrix like so, in the attached chart.

1. This was the initial entry point, all the entry conditions have been met
1a. Re-Entry after exit on the pull-back. All the entry conditions have been met
1b. Same as 1a

If you were using the original Extreme Spike, that top row of the Matrix would have repainted and you wouldn't have got the re-entry. The top row would have repainted a whole row of Red, and you would not have seen the entry conditions being met a 2nd or 3rd time in the same bear run.

Does that make it a bit more clear?
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,606
  • Apr 4, 2012 6:07pm Apr 4, 2012 6:07pm
Hi rj. I'm in bed on my fone ATM but post 10378 was my last post showing charts which I diddnt receive a great answer to. Of you could take a look that would be great. I plan to post some of tomorrows charts too. As no doubt I'll lose my profits!
  • #10,607
  • Apr 4, 2012 6:18pm Apr 4, 2012 6:18pm
Quoting chewz
Hi rj. I'm in bed on my fone ATM but post 10378 was my last post showing charts which I diddnt receive a great answer to. Of you could take a look that would be great. I plan to post some of tomorrows charts too. As no doubt I'll lose my profits!
Sorry man, I can't help you from tiny little pieces of charts like that!!! When you post your charts asking for help, can you post more of a chart.....a complete chart would be great. That way I can compare it to mine exactly, and I can see what's going on. It's important because there are only certain times of the day that the market gives up it's pips to us, and as we are all in different time zones I need to see when you are entering your trades by comparing the charts to mine.

We can't force the market to give us pips.....we have to ready when it want's to give us pips and I suspect that you may be trying to trade when the market is not yet ready.....but I can't know that without comparing charts.

Yesterdays bear run was pretty straightforward, so I would like to see your entries and exits from yesterday so that I and others here might be able to identify your problem.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,608
  • Apr 4, 2012 8:59pm Apr 4, 2012 8:59pm
although I'm not all the way consistant just yet... I can say that using some common sense goes a long way... I am finally getting winning days back to back.

Basics you should follow

Trade in the direction of the trend..

buy dips and sell rallies

watch stochastics and which direction it's crossed on the higher timeframes. I even look at the daily to see what's going on. Try not to complicate it too much...

also I only trade frankfurt open to london close
  • #10,609
  • Edited Apr 5, 2012 12:06am Apr 4, 2012 11:54pm | Edited Apr 5, 2012 12:06am
to the ones asking about re-entries using TVI (renamed as extreme indicator v3).

matrix 3.0/3.1 has TVI on the top row instead of the original extreme indicator. on the attachment, its the top matrix. the lower matrix is matrix 1.6 using the old extreme indicator on its top row.


the blue arrows are the original signals from matirx1.6

i placed yellow vertical lines on the re-entry signals of matrix 3.0/3.1. - better, right?


better because before 13:15, all of the red bars of extreme indiv2 were blue in matrix 1.6. repaint to red by 13:20 and blue again by 13:25 til 14:00, then red to turn all blue again by 15:15 - the heavy repainting challenge. but now they are all red, because they are history.

matrix 3.0/3.1 just tells you when a red stops and when the blue begins - no repainting at the close of the bar.


Quoting ohammond
I thought the idea with the 60-5 method was that as long as there wasn't a full signal the other way, then they would still take trades in the same direction on M5 as the last signal was on H1, in which case, they would be taking sells still until the H1 said buy. I don't trade that way, but thats the way I would have interpreted it.
i execute the same too. referring to the same attachment, on the H1 chart, the light blue vertical line represents a change in color of the TVI/extreme indi V3 at 9:00. but there's no buy signal yet in H1. so I took every reasonable sell signal in M5 to the direction of H1.
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  • #10,610
  • Apr 4, 2012 11:59pm Apr 4, 2012 11:59pm
Quoting chewz
Still struggling to make consistent pips with this method! Absolutely gutted as so many seem to do well. I use 60-5 method, same rules as post1 and indicator settings.

Typically I'll enter a good first trade and make pips then any re enters usually mess me up. And fyi, I'm first waiting on H1 to give me a signal, I then look at my m5 charts and enter on the next fresh signal, and exit when the opposite extreme shows up on the m5 chart. This usually means the market may go my way initially, retrace, and then m5 shows an opposite signal and I...
the 60-5 method is a great way to make pips but can be tricky sometimes especially for the re-entrys. my personal observation is that most of the times the first entry after the 1H close gives you the best quality and lowest risk signal, because it's the start of a new trend. if you go in a trade, you should also make a trade plan.

60-5 FIRST ENTRY
1. where is my SL, lets say 50 pips or over swing low/high.
2. where is my TP, lets say 30-50 pips, near supp or resistance or PV.
3. if the move is starting in my favour, i like to adjust the SL. me, i will observe the Symphonie Trendline in the 15m TF, if the candle closes over the trendline, thats the time i normally close the deal, otherwise i let it run to my TP.
(there are many ways of SL and TP settings, everybody has to find out for himself what fits the best. i also change my SL behavior sometimes, depends on the PA)

RE-ENTRY
1. i put my SL 20-30 pips away, depends on high/low swing
2. i chase only for 10-20 pips because its a re-entry signal and the trend is already a longer time underway
3. adjust SL to Symphonie Extreme (change 1 bar color closed) in 5 min signal

i don't make more then 1 Re-Entry in normal markets only when its trending like yesterday. as more re-entries as nearer you come to the end of a trend as more risk for reversal.

when you open the computer don't chase into the first 5min re-entry signal you see (patience like Yelena would say). just wait until a currency pair shows a new 1H signal and start to ride the move.

look also for good trading times (london, early ny or asia for aud and jpy)

try to trade patience and smart and you will make money with this OVERWHELMING SYSTEM.
(its the first time that i can take and also trust in positions against my personal outlook)

greetings
ManilaSpur
  • #10,611
  • Apr 5, 2012 12:18am Apr 5, 2012 12:18am
Quoting chewz
Hi rj. I'm in bed on my fone ATM but post 10378 was my last post showing charts which I diddnt receive a great answer to. Of you could take a look that would be great. I plan to post some of tomorrows charts too. As no doubt I'll lose my profits!
I answered you here: http://www.forexfactory.com/showthre...51#post5534951 I didn't have very much time to post but this time I will say it in more detail. EU has an ATR of around 100 at the moment, when you took the second trade EU had travelled a range of 102, ATR has been reached so look to the second trade being more risky so look for some other confirmation that it still wants to travel further especially at that time in the afternoon (3.40pm London time) on the H1 it looked like this, quite a large wick on the candle before your entry and stoch had crossed up from under the 20 level. All in all, not a good scenario for going down further at that time.

This is the hourly chart at the time, you took your trade 40 minutes into the candle where the vertical line is.
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  • #10,612
  • Apr 5, 2012 12:34am Apr 5, 2012 12:34am
Quoting realjumper
Kelly, you can use the TVi indi as a stand alone indi to see the slope etc, in fact that's what I do o the H1 charts. But on the M5 charts, I use the TVi Matrix like so, in the attached chart.

1. This was the initial entry point, all the entry conditions have been met
1a. Re-Entry after exit on the pull-back. All the entry conditions have been met
1b. Same as 1a

If you were using the original Extreme Spike, that top row of the Matrix would have repainted and you wouldn't have got the re-entry. The top row would have repainted a whole...
Totally get it now. I dug up some of your old posts where you use the HTF TVI color for direction as well. Very clear now.
Thanx RJ
.... laughing all the way to the bank
  • #10,613
  • Apr 5, 2012 12:39am Apr 5, 2012 12:39am
Quoting itsallover
Totally get it now. I dug up some of your old posts where you use the HTF TVI color for direction as well. Very clear now.
Thanx RJ
No problem Kelly. If you are a bit more adventurous, you could not exit on the pullback but place your SL in profit, then re-enter with another trade at the re-entry point. That makes for a very profitable bear run indeed, for not much more risk
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,614
  • Apr 5, 2012 12:52am Apr 5, 2012 12:52am
Quoting realjumper
No problem Kelly. If you are a bit more adventurous, you could not exit on the pullback but place your SL in profit, then re-enter with another trade at the re-entry point. That makes for a very profitable bear run indeed, for not much more risk
Thats a great idea. I'd be very nervous about the re-entries though. Do you tend to be more cautious with them?
.... laughing all the way to the bank
  • #10,615
  • Apr 5, 2012 12:56am Apr 5, 2012 12:56am
Quoting yelena
to the ones asking about re-entries using TVI (renamed as extreme indicator v3).

matrix 3.0/3.1 has TVI on the top row instead of the original extreme indicator. on the attachment, its the top matrix. the lower matrix is matrix 1.6 using the old extreme indicator on its top row.


the blue arrows are the original signals from matirx1.6

i placed yellow vertical lines on the re-entry signals of matrix 3.0/3.1. - better, right?


better because before 13:15, all of the red bars of extreme indiv2 were blue in matrix 1.6. repaint...
Thanx for clearing that up Yelena
.... laughing all the way to the bank
  • #10,616
  • Apr 5, 2012 1:01am Apr 5, 2012 1:01am
Hi everybody

today I would try to implement simhony system to euraud pair,

Looking at weekly, daily, and h4 every chart gives a chance of a bigger move down, just a chance but with the simpony I would try - if it occurs - to squize all the juice of it,

have a nice day, fruitfull day

peter
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Jesus Christ is my only Lord !
  • #10,617
  • Apr 5, 2012 1:03am Apr 5, 2012 1:03am
Quoting itsallover
Thats a great idea. I'd be very nervous about the re-entries though. Do you tend to be more cautious with them?
It depends.....when the run is powerful and/or the ADR has just begun sometimes it is worth placing the SL in profit by a few pips and not exiting at the pullback. If the re-entry presents itself, you can add to your trade with another trade. As the trade progresses, you can move that 2nd SL into profit and pull the 1st SL further into profit. Now all risk is removed....the worst that will happen is that you get stopped out in profit. You can see that doing this is less risky than entering a single big position. Scaling in like this can be very profitable, but it only really works when the market is in a strong trend or we have a run like we just had.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,618
  • Apr 5, 2012 1:09am Apr 5, 2012 1:09am
Quoting realjumper
It depends.....when the run is powerful and/or the ADR has just begun sometimes it is worth placing the SL in profit by a few pips and not exiting at the pullback. If the re-entry presents itself, you can add to your trade with another trade. As the trade progresses, you can move that 2nd SL into profit and pull the 1st SL further into profit. Now all risk is removed....the worst that will happen is that you get stopped out in profit. You can see that doing this is less risky than entering a single big position. Scaling in like this can be very...
Just for this tip alone - I'm going to marry you sigh

How many accounts I've blown up by entering big lots when I thought there was a big move only to have a reversal on me!
.... laughing all the way to the bank
  • #10,619
  • Apr 5, 2012 1:11am Apr 5, 2012 1:11am
Quoting yelena
im not RJ, however, i suppose this is one of the benefits of watching H1. We have been "ranging" for 7 days now. the average of a pair is only 3. so we can expect that whatever the trend will be it's going to be 1-way for 2-3 days.

so, yesterday was the 2nd day (dunno if its there will be a 3rd day) and the most perfect opportunity! i hit no breaks on all my re-entries in all 4 currencies... hehehe.. last night, the account grew by 27%!

patience. timing is everything.
You've been on fire this week lol
.... laughing all the way to the bank
  • #10,620
  • Apr 5, 2012 1:28am Apr 5, 2012 1:28am
A little divergence on the 1 Hr
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.... laughing all the way to the bank
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