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Symphonie Trader System

  • #11,361
  • Apr 18, 2012 9:28am Apr 18, 2012 9:28am
Hello Symphoniers

After 2 weeks of intensive reading reading reading, i finally made it!
Read the whole forum from beggining to the end!
I promised myself(even if i was itching to ask some questions) that i wouldnt ask any question without reading the whole thread.

Would like to thanks Eval for his amazing work and generosity on sharing this system with us. Also thanks to all your effort in teaching us - for RJ, Yelena and Ohammond among others - YOU ROCK!

And a special word for my mentor, who sent me to this thread : "Thanks a lot buddy ;-) "

I can not express in words how much I love this system, although im still finding it difficult to use in a consistent way. But who said trading is easy!!! Now its time to practice.

I believe everything will seem simpler, as long as I have the discipline to be consistent with my trading plan.

Will be posting charts soon to get your comments and feedback.

Its a pleasure to be part of the "Symphonie family"

Munir
  • #11,362
  • Apr 18, 2012 9:49am Apr 18, 2012 9:49am
Quoting realjumper
Where's the candles?
I hope the candle is now clear.lol
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  • #11,363
  • Apr 18, 2012 9:56am Apr 18, 2012 9:56am
Quoting realjumper
Try and keep a notebook and write some notes about your trades. Why you took them....stoch position.....time of day.....size......exit reason.....profit or loss etc etc

It's easy to do and if you add comments to your notes, you'll see patterns developing that will show you any bad habits that need addressing etc etc

Great idea RJ. Kids today don't like taking old school notes though, unless it's on some device. lol
  • #11,364
  • Apr 18, 2012 10:18am Apr 18, 2012 10:18am
PA sucked today. Left the house for 4 hours, came back and eur/usd was at the same exact to the PIP! Too small of a window to trade. Too much headache for a few pips. Done til tomorrow.
  • #11,365
  • Apr 18, 2012 10:43am Apr 18, 2012 10:43am
Completely rubbish. U trade the 1hr tf then?

Quoting FXSwissTrader
PA sucked today. Left the house for 4 hours, came back and eur/usd was at the same exact to the PIP! Too small of a window to trade. Too much headache for a few pips. Done til tomorrow.
  • #11,366
  • Apr 18, 2012 10:51am Apr 18, 2012 10:51am
up down up down..

volatility is terrible... I'm guessing because of europes issues nobody wants to put their money in the market
  • #11,367
  • Apr 18, 2012 11:25am Apr 18, 2012 11:25am
Quoting FXSwissTrader
PA sucked today. Left the house for 4 hours, came back and eur/usd was at the same exact to the PIP! Too small of a window to trade. Too much headache for a few pips. Done til tomorrow.
I agree there was too little action on the EU but i have also employed yelena's idea which is to use the currency strength meter and look for another pair that is at least not ranging.
EU just been ranging many of these days yet other pairs trending so may be u can consider using that tool to look for opportunities elsewhere except if of course u only trade EU.
thanks
  • #11,368
  • Apr 18, 2012 11:47am Apr 18, 2012 11:47am
Quoting mukamaisaac
I agree there was too little action on the EU but i have also employed yelena's idea which is to use the currency strength meter and look for another pair that is at least not ranging.
EU just been ranging many of these days yet other pairs trending so may be u can consider using that tool to look for opportunities elsewhere except if of course u only trade EU.
thanks
Thank you Isaac for reminding us about the currency strength meter.. When I asked the forum to make it part of its tools, this is exactly what I had in mind and I thought that all of us could avoid lousy market conditions... Its good to know that someone out there is trading just like I do ie by using bith symphony and currency strength meter...
  • #11,369
  • Apr 18, 2012 12:06pm Apr 18, 2012 12:06pm
Quoting bidong
Thank you Isaac for reminding us about the currency strength meter.. When I asked the forum to make it part of its tools, this is exactly what I had in mind and I thought that all of us could avoid lousy market conditions... Its good to know that someone out there is trading just like I do ie by using bith symphony and currency strength meter...

I'm still not sold on the accuracy of the currency strength meter. Has the (developer) explain how he compiled or came up with the program? I mean, where is he basing it from?
  • #11,370
  • Apr 18, 2012 12:40pm Apr 18, 2012 12:40pm
I am sorry, but I've got confused eventually. What indicators and their configuration should I use to be able to use 60-5 system??

I would appreciate any help.
  • #11,371
  • Apr 18, 2012 1:07pm Apr 18, 2012 1:07pm
Hi all traders,

I hope everyone is making good pips here.. been away and couldnt post in this thread. today I just wanna show how impressively symphonie can work for riding a trend. attaching a chart of cable.i took all longs (marked in yellow vertical lines) and my reason was on H1 nice pinbar candle on 50.0 fib retracement + swing support level.. My target was H1 supply zone (marked in orange) but that huge momentum candle clearly broke above that zone and made it swap(support zone) so 2-3-4 all long entries were at that zone i was confident abt long entries bcoz price was above H1 support zone and holding it nicely so i targeted DR2 for those long trades. Neted overall +110 pips
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  • #11,372
  • Apr 18, 2012 2:03pm Apr 18, 2012 2:03pm
Is it correct set up right now for long on eur/usd using 60-5?
  • #11,373
  • Edited 5:30pm Apr 18, 2012 2:31pm | Edited 5:30pm
Quoting brimex
Is it correct set up right now for long on eur/usd using 60-5?
Hi Brimex

I'm also a beginner, so please take this only as an opinion.

4 reasons why i wouldnt trade it:

- its not a fresh signal
- It touched the upper trendline and bounced
- Its just below the daily pivot, so better enter once it breaks it
- at this time you have no volatility anymore

So i would let it pass.

Cheers!
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  • #11,374
  • Apr 18, 2012 2:32pm Apr 18, 2012 2:32pm
Quoting brimex
Is it correct set up right now for long on eur/usd using 60-5?
I wouldn't long right now.. spanish 10yr bond auction is tomorrow and price is having a hard time making new highs
  • #11,375
  • Apr 18, 2012 3:16pm Apr 18, 2012 3:16pm
If anyone is interested I find this style of S&R to be VERY accurate.. and these levels do not change unless new historical highs/lows are made... please read through it to get an understanding.

http://www.forexfactory.com/showthread.php?t=259419
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  • #11,376
  • Apr 18, 2012 6:49pm Apr 18, 2012 6:49pm
Another beauty form Symphonie!
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  • #11,377
  • Edited 7:35pm Apr 18, 2012 7:29pm | Edited 7:35pm
Hi, can anyone please post the trandwave indicator for me . Im have difficulties finding it. Thank you very much. I read gorbi777 posted it or something but i cant locate. a link to download or the indicator posted would be great . thanks in advance. also, i love the symphonie system, but still learning and have a long ways, and learning other systems. thanks.


**Nevermind, thanks anyways I found it on page 117 post 1754 version 2 but if there is a better version please let me know thanks all.
One Firmament Foundation, One Love Above.
  • #11,378
  • Apr 18, 2012 10:08pm Apr 18, 2012 10:08pm
Quoting Evaluator
I know for most (myself included) the price action of the past few days has been most frustrating and confusing but one you look at the larger picture one is able to bring into focus what is actually happening. If you look at the screenshot below one can begin to understand exactly what is happening that helps to clear up much market indecision.

This is a very complex price action that is working itself out as I have outlined in my past post #11131...
For the past few months I have been talking about the expanding triangle which is a very complex price action pattern. However, I after the failure of today's price action to push down through the 1.30600 barrier I feel it is only proper to talk about a alternate where we have a reversal and the idea of a short 4th level.

Now that the price action has pushed through for the 3rd time the 1.31000 level and then miraculously bounced back failing to have follow through to complete the pattern opens up the REAL is the possibility for the price action to move higher and have a short leg down for point 4 and then jump to the 5th touch point which currently sits at 1.38500.

The longer that the price action remains unable to break the 1.30600 level and the daily to close below that number the less and less chance that it will break lower and increases the chances of a rise to 1.38500.

Therefore, I have closed all my short positions at 1.33400 and look for the market to show its hand as to the direction for the EURUSD.

I will use 1.31700 and 1.30300 as my levels of decision as to determine the overall market direction. I believe that all price action that remains between these levels will just continue to whipsaw up and down in consolidation until the market has a strong enough risk event to jar price aciton into some trend. There are several events that I have listed that could be possible drivers but with all the EU Bank repatriation of Euros it has caused the current pattern to become unstable and I choose to remain on the sideline until the market tells us where it direction.

So, I am watching and waiting on the 1.31700 and 1.30300 levels to break to show me where price action is heading.

Evaluator.:nerd:
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  • #11,379
  • Apr 18, 2012 10:16pm Apr 18, 2012 10:16pm
Just doodling on the weekly chart....fwiw
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,380
  • Edited 10:26pm Apr 18, 2012 10:18pm | Edited 10:26pm
Quoting Evaluator
For the past few months I have been talking about the expanding triangle which is a very complex price action pattern. However, I after the failure of today's price action to push down through the 1.30600 barrier I feel it is only proper to talk about a alternate where we have a reversal and the idea of a short 4th level.

Now that the price action has pushed through for the 3rd time the 1.31000 level and then miraculously bounced back failing to have follow through to complete the pattern opens up the REAL is the possibility for the price...
Interesting. There is a case to be made either way....and perhaps the Spanish 10year bond auction later today will (hopefully) set this thing in motion one way or the other.
Doing what you like is Freedom. Liking what you do is Happiness.
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