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Symphonie Trader System

  • #10,621
  • Apr 4, 2012 11:31pm Apr 4, 2012 11:31pm
Quoting itsallover
A little divergence on the 1 Hr
hmmmm... wonder why my pic is so grainy?
.... laughing all the way to the bank
  • #10,622
  • Apr 4, 2012 11:37pm Apr 4, 2012 11:37pm
Quoting itsallover
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!
Consider the usd/jpy pair.

I entered at 77 for a long term target of 97. So that's 2,000 pips right? Instead of just settling for 2,000 pips, how about we scale in a new trade every 100 pips? Don't forget, our target is 97.

Entry - pips at target
77 - 2,000
78 - 1,900
79 - 1,800
80 - 1,700
81 - 1,600
82 - 1,500
83 - 1,400
84 - 1,300
85 - 1,200
86 - 1,100
87 - 1,000
88 - 900
89 - 800
90 - 700
91 - 600
92 - 500
93 - 400
94 - 300
95 - 200
96 - 100
97 ---

Grand total at target = 21,000 pips

If every entry is made after the previous trade has it's SL in profit.....then the risk is never more than 30 - 50 pips, for a 21,000 pips gain! And the Yen will get to 97.

So.....with the 21,000 pips, all we have to do is figure out where the honeymoon will be!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,623
  • Apr 4, 2012 11:47pm Apr 4, 2012 11:47pm
Quoting yelena
ah. excuse me, i thought you were mine???? just because kelly proposed you jumped fences?
uh oh.....how am I going to wriggle out of this jam I just got myself into?!?!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,624
  • Apr 4, 2012 11:52pm Apr 4, 2012 11:52pm
Quoting realjumper
Consider the usd/jpy pair.

I entered at 77 for a long term target of 97. So that's 2,000 pips right? Instead of just settling for 2,000 pips, how about we scale in a new trade every 100 pips? Don't forget, our target is 97.

Entry - pips at target
77 - 2,000
78 - 1,900
79 - 1,800
80 - 1,700
81 - 1,600
82 - 1,500
83 - 1,400
84 - 1,300
85 - 1,200
86 - 1,100
87 - 1,000
88 - 900
89 - 800
90 - 700
91...
whoah!
Thats a little like the millipede strategy. What an inspiration you are RJ. I'll look into this a bit more seriously now that I'm beginning to understand the markets a bit more.

And its Mauritius.
.... laughing all the way to the bank
  • #10,625
  • Apr 4, 2012 11:55pm Apr 4, 2012 11:55pm
RJ,

While your wriggling out of your latest mess...

I think looking at 2 charts is goofing me up.
(5 minute & 1 hour)

Can a person just look at the 5 minute and
go for it? When I look at the 5 minute chart
and 1 hour chart I see lost opportunity's, that I
could have traded but didn't cause it didn't
set up perfectly. Maybe I'am looking at it wrong.

Any suggestions?

thanks

snarlyjack
  • #10,626
  • Apr 4, 2012 11:56pm Apr 4, 2012 11:56pm
Quoting itsallover
whoah!
Thats a little like the millipede strategy. What an inspiration you are RJ. I'll look into this a bit more seriously now that I'm beginning to understand the markets a bit more.

And its Mauritius.

Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,627
  • Apr 4, 2012 11:57pm Apr 4, 2012 11:57pm
Quoting realjumper
uh oh.....how am I going to wriggle out of this jam I just got myself into?!?!

Become a Pagan and marry them both!
  • #10,628
  • Apr 4, 2012 11:58pm Apr 4, 2012 11:58pm
Quoting itsallover
And its Mauritius.
uhuh
  • #10,629
  • Apr 4, 2012 11:58pm Apr 4, 2012 11:58pm
Quoting snarlyjack
RJ,

While your wriggling out of your latest mess...

I think looking at 2 charts is goofing me up.
(5 minute & 1 hour)

Can a person just look at the 5 minute and
go for it? When I look at the 5 minute chart
and 1 hour chart I see lost opportunity's, that I
could have traded but didn't cause it didn't
set up perfectly. Maybe I'am looking at it wrong.

Any suggestions?

thanks

snarlyjack
You only have to look at the H1 chart once or maybe twice in any session Jack. All we really want to know is 'what is the short term trend doing?'....The H1 will show us. Once we know that, we just watch the M5 and trade in the direction that the H1 showed us.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,630
  • Apr 4, 2012 11:59pm Apr 4, 2012 11:59pm
Hey Yelena, which currency pairs are you trading right now?
Island hopping throughout the Caribbean
  • #10,631
  • Apr 5, 2012 12:02am Apr 5, 2012 12:02am
Quoting itsallover
whoah!
Thats a little like the millipede strategy. What an inspiration you are RJ. I'll look into this a bit more seriously now that I'm beginning to understand the markets a bit more.

And its Mauritius.
I like it!
Your 97 level is the 61.8 Fib level of the 2008 swing high. Way to go!
.... laughing all the way to the bank
  • #10,632
  • Apr 5, 2012 12:03am Apr 5, 2012 12:03am
Quoting yelena
uhuh
Sorry Yelena. But unlike your prowess in trading you were a little slow on this one lol
.... laughing all the way to the bank
  • #10,633
  • Apr 5, 2012 12:05am Apr 5, 2012 12:05am
Quoting itsallover
I like it!
Your 97 level is the 61.8 Fib level of the 2008 swing high. Way to go!
Yeah!! I think it will get to 100, but 97 seems a logical place to target, technically speaking as you have seen. But if it gets to 100 (or more) the profits will be that much more impressive!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,634
  • Apr 5, 2012 12:21am Apr 5, 2012 12:21am
Thanx for the heads up RJ!
So basically we get our single from the H1 chart, if it shows up trend then buy, likewise down trend we sell. once we get our signal from the H1 we can switch over to the 5min chart and look for the entry point??
One more thing, do most of the people here follow Evals recommendation of 50 pips SL as on post 1 or do you implement your own SL?
Still learning the way to trade this great system.

Saf
  • #10,635
  • Apr 5, 2012 12:23am Apr 5, 2012 12:23am
Quoting yelena
hey ian, still the same, EU,GU,AU,EJ,UJ... be back in a few....
Ok cool just wondering.
Island hopping throughout the Caribbean
  • #10,636
  • Apr 5, 2012 12:25am Apr 5, 2012 12:25am
Quoting safsyed
Thanx for the heads up RJ!
So basically we get our single from the H1 chart, if it shows up trend then buy, likewise down trend we sell. once we get our signal from the H1 we can switch over to the 5min chart and look for the entry point??
One more thing, do most of the people here follow Evals recommendation of 50 pips SL as on post 1 or do you implement your own SL?
Still learning the way to trade this great system.

Saf
Yep...you got it.

The 50 pip emergency SL is not a bad idea.....but don't sit there and watch it get hit....it's there for emergencies only. You should be able to see if your trade is going bad before the SL gets hit. I place my SL's above or below the last swing high/swing low depending on whether the trade is short or long.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,637
  • Apr 5, 2012 12:30am Apr 5, 2012 12:30am
RJ,

Like now, if you look at the 5 minute chart there is a sell.
But if you look at the 1 hour chart their isn't. Unless
you look at the 1 hour bar which has turned down.

Are you looking at the 1 hour maxrix or the 1 hour bar
to get the signal?

tks

snarlyjack
Attached Images
  • #10,638
  • Apr 5, 2012 12:34am Apr 5, 2012 12:34am
Quoting realjumper
Yep...you got it.

The 50 pip emergency SL is not a bad idea.....but don't sit there and watch it get hit....it's there for emergencies only. You should be able to see if your trade is going bad before the SL gets hit. I place my SL's above or below the last swing high/swing low depending on whether the trade is short or long.

Rj thanx for quick reply. You guys rock. Hopefully I should be posting my charts soon so if I do make mistakes i'm sure the good folks on the thread will be able to point out mistakes and flaws.
Going to look at ADR of several different pairs now. Hopefully that should give a few newbies like me a heads up before getting into trades that are running out of steam.

Cheers

Saf
  • #10,639
  • Apr 5, 2012 12:35am Apr 5, 2012 12:35am
Quoting snarlyjack
RJ,

Like now, if you look at the 5 minute chart there is a sell.
But if you look at the 1 hour chart their isn't. Unless
you look at the 1 hour bar which has turned down.

Are you looking at the 1 hour maxrix or the 1 hour bar
to get the signal?

tks

snarlyjack
On the H1 chart, I am looking at the Matrix + stoch + Yellow MA just the same as I do for the M5.

Of course you could have entered the M5 short as it bounced off the pivot. After all, the bigger picture is that we are in a down trend and that tiny bull run on the H1 is just a slight retrace. However, in order to trade *only* the high probability trades, wait for the H1 to signal. If you miss an M5 trade in the meantime, at least you didn't lose any money!

It's all about trying to get the high probability trades as they are the ones that pay the best.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,640
  • Apr 5, 2012 12:37am Apr 5, 2012 12:37am
Opened short on Sym M5
Attached Image
Pivot Boss in the making~
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