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Symphonie Trader System

  • #11,441
  • Apr 19, 2012 8:39am Apr 19, 2012 8:39am
Quoting Smaraz
Thanks for your answer, i have weekly and daily pivots, is it MR1 monthly?
Looking at this site www.actionforex.com the monthly pivot is pretty far (1.0491).
Could you kindly tell me what indicator do you use to figure out pivot points?
Thanks
Alternative you can take a look at the Sonic Control Panel.

http://www.forexfactory.com/showthre...17#post5542217
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  • #11,442
  • Apr 19, 2012 8:54am Apr 19, 2012 8:54am
Quoting ohammond
Basically it takes works out the atr (not sure how many days its worked out on) At the beginning of the day it puts the lines on where it projects it should go both up and down, 2 of each, 1st resistance/support and 2nd resistance/support. Those lines stay as they are until one of the lines is reached, once reached it will take that into account and pull the lines up or down that are at the other end of the scale. So the EU bottom was reached first so it brought the top lines down to take the movement into account. The ones I've attached all...

Thank you for your time Ohammond.
  • #11,443
  • Apr 19, 2012 9:20am Apr 19, 2012 9:20am
CRAZY day today. Hopefully you guys didn't get caught in the whiplash.
  • #11,444
  • Apr 19, 2012 9:24am Apr 19, 2012 9:24am
WTF! even my symphonie is going crazy.....red...blue....red....blue....red which one is it lol
  • #11,445
  • Apr 19, 2012 9:41am Apr 19, 2012 9:41am
Quoting Daytrader74
WTF! even my symphonie is going crazy.....red...blue....red....blue....red which one is it lol

Yep. I'm done for today. Not a day to trade AT ALL! Tomorrow I think we have a sell off, after market has time to digest. Crazy. Today shouldn't have been a risk on day at all with all the negative fundies. Corporate earnings are propping up the stock indexes and fueling the risk-on sentiment. Even FF is having connection problems today. Just PLAIN CRAZY.
  • #11,446
  • Edited 10:05am Apr 19, 2012 9:42am | Edited 10:05am
very choppy week but still managed 7.7%

gave back a little since monday but no big deal as long as the week is in green.. so far 3 consecutive weeks of profit..averaging a little under 10% a week
  • #11,447
  • Apr 19, 2012 10:20am Apr 19, 2012 10:20am
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
I think trust the system really important.
I listen this advice and I took note I record moment screenshots. I make my diary or maybe journal better word.

Thanks realjumper was very instructive.
  • #11,448
  • Edited 11:21am Apr 19, 2012 10:27am | Edited 11:21am
I know that many of you have suffered through the insane price action of the EURUSD but there is a simple explaination for the screwy price action that is playing out before you.

I think that this is the final gasps of the Bull and Bear war that has created a complex ending triangle formation that is hard to navigate until this last drop nad rally in the euro. The pattern showed itself with todays 6 failed attempt to break the 1.30600 neckline of the Head and Shoulders pattern that began this past January.

Once I was able to see the pattern emerging I am able to make what I believe are reasoned predictions on the lasts few waves of this very complex pattern. Using the daily pivot point (1.31060) as my guide I am able to identify turn points and then connection of previous highs and lows to form the triangle it is possible to predict the last few points and when your Symphonie Signals should provide you with the best entry points.

Please do not hold my predictions to the pips as in all things forex they are done more a guideline levels than absolutes. One thing you can be assured of is that this is a very common complex pattern and they all generally follow the same outline.

Again, please using the levels that I show as guidelines only and DO NOT TRUST my math!!!! Let Symphonie show you the entry and exit points.

That being said, I do believe that the pattern is showing us that the Expanding Triangle is still on target for a major drop or occur at the end of this smaller 5 point triangle pattern.

GOOD LUCK!!!!

Evaluator.:nerd:
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  • #11,449
  • Apr 19, 2012 12:45pm Apr 19, 2012 12:45pm
A while ago( April 11, post 10898) I noticed that a good exit would be that any 3 colors should be opposite. Someone commented that they would prefer all 4. I have come to the conclussion that he or she was correct. Too many repaints cloud the exit decision. All 4 bars would be best.

I still believe the 60-5 strategy makes the most sense as well. Has anyone played with 30-5?
  • #11,450
  • Apr 19, 2012 12:54pm Apr 19, 2012 12:54pm
Quoting HedgeGuy
A while ago( April 11, post 10898) I noticed that a good exit would be that any 3 colors should be opposite. Someone commented that they would prefer all 4. I have come to the conclussion that he or she was correct. Too many repaints cloud the exit decision. All 4 bars would be best.

I still believe the 60-5 strategy makes the most sense as well. Has anyone played with 30-5?
Please note that the extreme indicator has been substituted (from goldcycle to tvi due to the repaint issues we all are aware of), so you don't longer need to wait for 3/4 candles to avoid repaint, you *should* exit at the first contrary candle (this obviously doesn't mean that you have to)
We become what we think about
  • #11,451
  • Edited 6:03pm Apr 19, 2012 5:28pm | Edited 6:03pm
Quoting ohammond
It was daily MR1 this one I've attached is pretty good just for daily pivots as it will give you mid pivots and you can set the start time to the same as actionforex which is 5pm EST. Turn off fib pivots etc otherwise you will have so many lines you won't ever take a trade
how do you set the pivots to start at 5pm est?? I'm with mbtrading and they reset at 12pm est instead of 5.. I want them to start at 5

EDIT: nvm I messed around and found the setting that works..
  • #11,452
  • Apr 19, 2012 6:53pm Apr 19, 2012 6:53pm
Quoting HedgeGuy
A while ago( April 11, post 10898) I noticed that a good exit would be that any 3 colors should be opposite. Someone commented that they would prefer all 4. I have come to the conclussion that he or she was correct. Too many repaints cloud the exit decision. All 4 bars would be best.

I still believe the 60-5 strategy makes the most sense as well. Has anyone played with 30-5?

not directly answering your question, however, if your purpose for asking is to get more signals,

1. you make it "60-1" instead of "60-5".. but you must implement tight stoploss levels like break of recent high/low.

on taking profits - refer to RJ's style in trading M1 to guide you to exits. stoch's coming out of the 80 or 20 regions maybe your best bet.


2. or maintain "60-5" but use 4 correlated currencies: EU, GU, AU, and EJ. if they all signal a sell/buy in M5 to the same direction, then .

after 2 months of trading "60-5," this is the most successful strategy I've been executing with almost 12-13 pip drawdown only and no cutloss (break of previous hi/lo in M5) was ever hit.

its all about successful exits, right? so i take profit at 10 pips or change in TVI color. if PA in H1 is healthy of course i let it run (just like yesterday's drop ) i take only 10 coz whenever this happens, each of the 4 orders are at mm-sized, my exposure is high. at close of all 4, my bottomline has already grown 3-4% for that day.

hope this helps.
  • #11,453
  • Apr 19, 2012 7:11pm Apr 19, 2012 7:11pm
Quoting Dyekid217
how do you set the pivots to start at 5pm est?? I'm with mbtrading and they reset at 12pm est instead of 5.. I want them to start at 5

EDIT: nvm I messed around and found the setting that works..
Be a little bit careful here....pivots are calculated with the previous days high, low and close. You can't mess with that or your pivots will be wrong. Pivots DO vary broker to broker, and you can adjust the time as ohammond says, but it cannot be an arbitrary time. You can check your pivots values against the simple calculator at actionforex.com here
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,454
  • Apr 19, 2012 7:21pm Apr 19, 2012 7:21pm
Quoting realjumper
Be a little bit careful here....pivots are calculated with the previous days high, low and close. You can't mess with that or your pivots will be wrong. Pivots DO vary broker to broker, and you can adjust the time as ohammond says, but it cannot be an arbitrary time. You can check your pivots values against the simple calculator at actionforex.com here
so can you tell me if today's EU pivot is 1.31227..

I have set up mbtrading to show pivots almost identical to my tradingpoint mt4.

Trading point starts a new day at 5pm and MBT starts at 12pm.. so now I have it that MBT also recalculates at 5pm instead of 12
  • #11,455
  • Apr 19, 2012 7:24pm Apr 19, 2012 7:24pm
Quoting yelena

2. or maintain "60-5" but use 4 correlated currencies: EU, GU, AU, and EJ. if they all signal a sell/buy in M5 to the same direction, then .
Please forgive me Yelena maybe late night maybe my terrible english.
what does this mean "4 correlated currencies: EU, GU, AU, and EJ. if they all signal a sell/buy in M5 to the same direction, then . "

I mean 4 correlated currencie at the same time all together have to be sell or buy your suggestion? on 60 and also 5Mn

Thanks a lot
  • #11,456
  • Apr 19, 2012 7:38pm Apr 19, 2012 7:38pm
Quoting Dyekid217
so can you tell me if today's EU pivot is 1.31227..

I have set up mbtrading to show pivots almost identical to my tradingpoint mt4.

Trading point starts a new day at 5pm and MBT starts at 12pm.. so now I have it that MBT also recalculates at 5pm instead of 12
Yep.....I have 3123
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,457
  • Apr 19, 2012 7:45pm Apr 19, 2012 7:45pm
Quoting realjumper
Yep.....I have 3123
Cool I'm in transition from one broker to another an don't like how mbtrading has their pivots recalculate at 12pm since sometimes I trade before then during Asia
  • #11,458
  • Apr 19, 2012 9:43pm Apr 19, 2012 9:43pm
With today's once again failure to break the 1.30600 level for the 7th time this leads me to believe that the ending 4th touch point of the 5 point expanding triangle will end as a failed 5 wave thrust that will take price action to the low 1.29s before reversing to complete the 5th touch point that now is at 1.38075 which is 1.618 larger than touch point 3 which is 1.618 larger than touch point 1. (point 3 is 1.618 of level point 1 and point 5 will be 1.618 of larger than level point 3)

This will also complete a corrective ABC triangle (flat) and I will look for a 5 wave rally that will take the Euro to the 1.38075 level before resumption of the SuperCycle (Weekly downchannel top) taking price action to the 1.12 level that will most likley take the rest of 2012.

I must say that price action over the past two weeks has been most frustrating with all the jumpy whipsaws and politicians causing the majority of the whipsaw actions. Additionally the SNB (Swiss National Bank) with its firm stance on the CHF at levels combined with Euro repatriation to cover Spain and France bond sales has also played a contributing role in the rollercoaster price action.

But as I stated at the beginning of 2012 I knew that this would and will continue to be a very rough ride as the world comes to grips with this Global Debt Crisis and the corresponding deflation and inflations issues that are about to overtake the markets. This is just a taste of what one can expect for the rest of 2012 and 2013.

The fun is just starting........

Evaluator.:nerd:
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  • #11,459
  • Apr 19, 2012 10:16pm Apr 19, 2012 10:16pm
nice 150 pips win on gold with symphonie,, , very nice indeed..
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  • #11,460
  • Apr 20, 2012 12:05am Apr 20, 2012 12:05am
Quoting Evaluator
With today's once again failure to break the 1.30600 level for the 7th time this leads me to believe that the ending 4th touch point of the 5 point expanding triangle will end as a failed 5 wave thrust that will take price action to the low 1.29s before reversing to complete the 5th touch point that now is at 1.38075 which is 1.618 larger than touch point 3 which is 1.618 larger than touch point 1. (point 3 is 1.618 of level point 1 and point 5 will be 1.618 of larger than level point 3)

This will also complete a corrective ABC triangle (flat)...
today, after april futures and options expiration, eurusd and stock indexes will fall hard till end of the month. 1.30 it's going to be broken soon, it's just my opinion.
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