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Symphonie Trader System

  • #10,841
  • Apr 10, 2012 7:19am Apr 10, 2012 7:19am
A set-up on EUR/USD 15m just occurred , long for 22 pips.
  • #10,842
  • Apr 10, 2012 7:22am Apr 10, 2012 7:22am
Quoting yelena
a retracement, perhaps? but great call nonetheless! another great day with symphonie!
I didn't trade that retracement, but it's good to see it play out. The H1 stochastic is still poorly positioned for shorts though, so it may not be over yet.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,843
  • Apr 10, 2012 7:31am Apr 10, 2012 7:31am
Quoting realjumper
I didn't trade that retracement, but it's good to see it play out. The H1 stochastic is still poorly positioned for shorts though, so it may not be over yet.....

and you are correct once again! EU has just lifted off... everything it did in 8H gone in 1H
  • #10,844
  • Apr 10, 2012 8:36am Apr 10, 2012 8:36am
for this wonderful thread and all the contributors of this symphony system. i am following this thread for weeks now and i have read all the (more than 10.000 allready!!) contributions.

now i am practicing with the following variations with the symphony system: 60-5, RJ and Yelena. for symplicity i only took 60-5 on eur/usd today.

just to check if i made the right decisions maybe someone can take a look at my trades.

60-5 system: the H1 blocks were all red, so i waited for the 5 min entry possibilities. the first one was at the yellow vertical line. at the opening of this bar i went short. but immediately the PA went against the supposed direction and i had to close the position with a loss. But i think i made the right entry, because all the 5M blocks were red on the previous bar.
the other three red vertical lines were also 60-5 entries. two with profit and one with a loss.

tscheu

ps. how can i place a picture in this text?
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  • #10,845
  • Apr 10, 2012 8:50am Apr 10, 2012 8:50am
Quoting tscheulaling
for this wonderful thread and all the contributors of this symphony system. i am following this thread for weeks now and i have read all the (more than 10.000 allready!!) contributions.

now i am practicing with the following variations with the symphony system: 60-5, RJ and Yelena. for symplicity i only took 60-5 on eur/usd today.

just to check if i made the right decisions maybe someone can take a look at my trades.

60-5 system: the H1 blocks were all red, so i waited for the 5 min entry possibilities. the first one was at the yellow vertical...
You've got the right idea, the entries were spot on, I wouldn't have closed those trades though just on the TVI turning blue - I presume thats why you came out, I have my stop loss above/below the last swing and I only come out before the stop loss is hit if there is a full symphonie signal in the opposite direction, but the way you do it is valid, just we each have different ways of trading it.
  • #10,846
  • Apr 10, 2012 9:45am Apr 10, 2012 9:45am
Quoting ohammond
You've got the right idea, the entries were spot on, I wouldn't have closed those trades though just on the TVI turning blue - I presume thats why you came out, I have my stop loss above/below the last swing and I only come out before the stop loss is hit if there is a full symphonie signal in the opposite direction, but the way you do it is valid, just we each have different ways of trading it.

Ohammond,
Your SL is the last swing high/low and usually how many pips is your SL? 20? Also can you confirm your take profit? Is it fib extension/S&R or set# of pips? Thank you.
  • #10,847
  • Apr 10, 2012 9:46am Apr 10, 2012 9:46am
Crazy day today. Up-Down-Up-Down-Up-??.... Looks like I'm done til tomorrow. You need a neck brace to trade today. Thank goodness for symphonie.
  • #10,848
  • Apr 10, 2012 9:48am Apr 10, 2012 9:48am
Quoting ohammond
You've got the right idea, the entries were spot on, I wouldn't have closed those trades though just on the TVI turning blue - I presume thats why you came out, I have my stop loss above/below the last swing and I only come out before the stop loss is hit if there is a full symphonie signal in the opposite direction, but the way you do it is valid, just we each have different ways of trading it.
thanks ohammond.
i interprete a full signal as: 4 blocks of the opposite collor on the M5 chart. correct? you're right about tradingstyle. i am more eager on the short strikes and when the extreme blocks changes color again in the first direction i am using it as a re-entry.
another question: at the vertical blue line, the H1 chart was changed a little bit and had no longer 4 red blocks, but the emotion block was bleu. nevertheless i took this entry on the M5 chart because 'as long as there is no full signal change (= 4 blue blocks) then the prevaling direction should be followed in the M5 entries'. correct?
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  • #10,849
  • Apr 10, 2012 10:19am Apr 10, 2012 10:19am
Hi all, I've got a question about trading the 60-5 System, any help would be appreciated. I'm wondering, if while the H1 blocks are all lined up one would continue to trade the 5M every time an entry signal occurs.

I'll give an example to clarify. Let's say the H1 blocks all line up and I wait for the 5M to line up, they do and I enter a trade. Then the extreme indicator switches for 3-4 candles and I exit. During this time the H1 blocks are still lined up. Then the 5M extreme indicator switches back and it is again all lined up, do I enter the trade again? Or only the first time the 5M lines up after the H1 is lined up? I hope this makes sense. Thanks.
  • #10,850
  • Apr 10, 2012 10:41am Apr 10, 2012 10:41am
Quoting Dyekid217
yes I understood that.. I was just saying that I don't use the same 50 pip SL with Gold and silver.. I more like using the swings..

But still.. 2 weeks is a great streak. As long as you are winning that's all that matters

Dyekid217,

this was my gold trade today
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  • #10,851
  • Apr 10, 2012 11:33am Apr 10, 2012 11:33am
Ok. This indicator is THE BEST i have ever used. Using in 30 min tf. I like using it along with a tma indicator for big swings. Just caught nzd/usd. I am just wondering what each indicator uses and how they are different in the matrix. I would like to hear others success rates! Is there an arrow coded for when line up occurs?
  • #10,852
  • Apr 10, 2012 11:35am Apr 10, 2012 11:35am
Sometimes i have difficulty seeing which candle it lines up on
  • #10,853
  • Apr 10, 2012 2:07pm Apr 10, 2012 2:07pm
Hi Simphony traders

I watch usdcad for the 60-5 entrance for 60 and than 120 pips run,
I hope it can go the hight of the box on daily as it looks like trying to jump out off it
will see if it is only my imagination or something more,

best wishes
peter
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Jesus Christ is my only Lord !
  • #10,854
  • Apr 10, 2012 2:19pm Apr 10, 2012 2:19pm
Quoting tscheulaling
another question: at the vertical blue line, the H1 chart was changed a little bit and had no longer 4 red blocks, but the emotion block was bleu. nevertheless i took this entry on the M5 chart because 'as long as there is no full signal change (= 4 blue blocks) then the prevaling direction should be followed in the M5 entries'. correct?
Although I don't trade that way, yes thats the way I've always understood it, and would interpret it.
  • #10,855
  • Apr 10, 2012 2:20pm Apr 10, 2012 2:20pm
Dear Sirs,
I just tested your system and i just saw that sentiment in Symphonie_Matrix_Indicator_v3.0.1(old Sentiment) is wrong because is different of Symphonie_Sentiment_Indikator_v1_0.
See in attach print screen

v3.0.1 was already tested?

congratulations for your great work team.
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  • #10,856
  • Apr 10, 2012 2:24pm Apr 10, 2012 2:24pm
Quoting FXSwissTrader
Ohammond,
Your SL is the last swing high/low and usually how many pips is your SL? 20? Also can you confirm your take profit? Is it fib extension/S&R or set# of pips? Thank you.
Yes its probably about 20 pips or so. The take profit is another work in progress, I've tried all sorts of exits and still haven't made my mind up which is best I'm afraid. I tend not to like setting a hard take profit just in case it just sails through it and goes a long way further. If there is good momentum in the move, or I have to go out, I like to put the script on that I have that trails the previous bull/bear 5min candle by 5 pips, which in a good trend catches the majority of it, but falls down when it reverses quite quickly, so the jury's still out really.
  • #10,857
  • Apr 10, 2012 2:26pm Apr 10, 2012 2:26pm
If the H1 is showing not showing any signal but the M5 is showing a sell signal for example, and then the H1 signal switches to sell, should one place a sell order on the M5? Or we only looking for the M5 to line up with the H1, and not vice versa?
  • #10,858
  • Apr 10, 2012 5:52pm Apr 10, 2012 5:52pm
Regarding my long term UJ trade that we were talking about last week.....here is a chart that shows the current turn around....which is not of any real concern given the silly climb of this pair lately, especially as it hasn't been a natural climb. A couple of trades got knocked out with modest profit, and when the rise resumes, I will scale them back in again!!
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,859
  • Apr 10, 2012 5:58pm Apr 10, 2012 5:58pm
Quoting iwa1409
If the H1 is showing not showing any signal but the M5 is showing a sell signal for example, and then the H1 signal switches to sell, should one place a sell order on the M5? Or we only looking for the M5 to line up with the H1, and not vice versa?
If you are trading the 60 - 5 method, then the rules state the when Symphonie confirms the H1, the wait for a Symphonie M5 signal and enter. I see no reason why the way you suggest would be such a bad thing though.

The whole purpose of waiting for the '60 signal' is simply to show you the current trend, and to make you enter an M5 trade *only* in line with the current trend. There is no magic involved, it is simply good practice to trade with the trend, and the 60 - 5 method helps you to do this.

Your way will work, but one day you'll get caught out....but as long as your SL is in place, then you'll be fine
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,860
  • Apr 11, 2012 12:36am Apr 11, 2012 12:36am
i think sentiment in matrix old version is wrong.
my post: http://www.forexfactory.com/showthre...81#post5558281

or i'm doing something wrong?
thanks
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