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Symphonie Trader System

  • #11,481
  • Apr 20, 2012 6:13am Apr 20, 2012 6:13am
nice job man...,,

Quoting Dyekid217
couldnt stop myself from trading lol.. picked up another 30 pips on UJ and UsdChf.. +1%

EDIT: Another 1% on EU and AJ as well..
+146 pips on the day


ok officially done for the week.. +13%

now i'm gonna relax and enjoy 420 =)
  • #11,482
  • Edited 7:14am Apr 20, 2012 6:17am | Edited 7:14am
Quoting chewz
Yelena are you saying you trade 60-5 and wait for all 4 correlated pairs to show a full symphonie signal in h1....and you then enter when the next full m5 signal appears on each pair, and go for 10 pips (or let it run if pa is good?).

What if one of the pairs was a bit slower to develop to the full signal in h1, think it happened with au today. Would this cause you not to trade any of the pairs untill you got that signal to line up on the fourth correlated pair?

Thanks...sounds interesting
nah. you can take 60-5 as it is. its just that when all 4 are traveling in the same direction each order i place is 1 full mm-sized.

i.e. for 10K investment. 1 mm-seized per position is 1.0. so you plan to take 4 positions, each position is supposed to be just 0.25.

but in my case when all 4 are in the same direction, then each order is at 1.0. yes, large exposure, hence i only target 10 pips. so at close, its 4% on bottom line.

typically when all 4 are in the same 60-5, there's no drawdown except spread.


did not trade AU today, it was at perma bear according to the currency meter. even in plain eyeball. but full mm-sized on the other 3. of course, full mm-sized only when 1 position is already with locked profits.
  • #11,483
  • Apr 20, 2012 6:38am Apr 20, 2012 6:38am
Quoting yelena
nah. you cant take 60-5 as it is. its just that when all 4 are traveling in the same direction each order i place is 1 full mm-sized.

i.e. for 10K investment. 1 mm-seized per position is 1.0. so you paln to take 4 positions, each position is supposed to be just 0.25.

but in my case when all 4 are in the same position, then each order is at 1.0. yes, large exposure, hence i only target 10 pips. so at close, its 4% on bottom line.

typically when all 4 are in the same 60-5, there's no drawdown except spread.


did not trade AU today,...
Understood. Also GU led EU today as you say.
"when GU says buy and EU goes on a sell, yeah, EU will sell, but it will revert to GU's direction. GU is a leading indicator for me too."
  • #11,484
  • Apr 20, 2012 6:47am Apr 20, 2012 6:47am
Quoting yelena
did not trade AU today, it was at perma bear according to the currency meter. even in plain eyeball. but full mm-sized on the other 3. of course, full mm-sized only when 1 position is already with locked profits.

Perma bear?

Do you have instructions on how to use that currency meter? How long have you tested it and results? Thanks Yelena.
  • #11,485
  • Apr 20, 2012 7:09am Apr 20, 2012 7:09am
Quoting FXSwissTrader
Perma bear?

Do you have instructions on how to use that currency meter? How long have you tested it and results? Thanks Yelena.
lol, perma bear = permanent bear it may change by US, dunno. its still sickly as we speak... oh wow, now is long too like the 3, so we can aim for R1 (maybe)

http://www.currencystrengthmeter.com/76/7-best-uses-to-profit-from-currency-strength-meter/. of the 7 i only find 3 useful, the first one, and the items when he talked about USD and JPY either in all red or in all blue

@ozgsnr. GU will always lead the way. if you see GU sluggish and everyone is making a move, the rest will be sluggish before US market open. so its an alert system to take profits and stop trading. u can bet you dollars on it, coz i do!
  • #11,486
  • Apr 20, 2012 7:43am Apr 20, 2012 7:43am
The 60-5 method stops now at EU, EJ, GU.
Even by yelena recomendation.
If somebody no get stops, tell me please how?
Generally, this week is terrible for 60-5 method and not profitable for it.
  • #11,487
  • Apr 20, 2012 8:42am Apr 20, 2012 8:42am
Quoting ser.korany
The 60-5 method stops now at EU, EJ, GU.
Even by yelena recomendation.
If somebody no get stops, tell me please how?
Generally, this week is terrible for 60-5 method and not profitable for it.
This week was fine for 60 - 5. Please post your charts and then we can possibly help you
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,488
  • Apr 20, 2012 8:44am Apr 20, 2012 8:44am
Hourly trades today, just purely taking the H1 signals, take profit set at 1st ATR line or round number if its close on GU, EU, EJ and AU up just over 200 pips, no elliot wave counting, no second-guessing, just taking note of the signal, pivots, normal divergence and hidden divergence.

You don't need much else, stop trying to complicate matters and adding more indicators as you go along they really aren't needed. Every system will have losers but if you keep filtering them you will end up not taking some that are lovely winners.
  • #11,489
  • Apr 20, 2012 9:07am Apr 20, 2012 9:07am
Quoting ohammond
Hourly trades today, just purely taking the H1 signals, take profit set at 1st ATR line or round number if its close on GU, EU, EJ and AU up just over 200 pips, no elliot wave counting, no second-guessing, just taking note of the signal, pivots, normal divergence and hidden divergence.

You don't need much else, stop trying to complicate matters and adding more indicators as you go along they really aren't needed. Every system will have losers but if you keep filtering them you will end up not taking some that are lovely winners.
Great trading and a great post. You're so right, no need to hide the trees in a forest!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,490
  • Apr 20, 2012 9:18am Apr 20, 2012 9:18am
Quoting ohammond
Hourly trades today, just purely taking the H1 signals, take profit set at 1st ATR line or round number if its close on GU, EU, EJ and AU up just over 200 pips, no elliot wave counting, no second-guessing, just taking note of the signal, pivots, normal divergence and hidden divergence.

You don't need much else, stop trying to complicate matters and adding more indicators as you go along they really aren't needed. Every system will have losers but if you keep filtering them you will end up not taking some that are lovely winners.
wonderful

I only added the gann hilo because I did not like rj's ma too much when it comes to determining the trend.

I will say though that pivots and divergence have helped me tons in the past few weeks and have truly been a major difference in my success
  • #11,491
  • Apr 20, 2012 9:23am Apr 20, 2012 9:23am
Quoting Dyekid217
wonderful

I only added the gann hilo because I did not like rj's ma too much when it comes to determining the trend.

I will say though that pivots and divergence have helped me tons in the past few weeks and have truly been a major difference in my success
Obviously you should use a different indicator if you feel more comfortable with it, thats not the same as adding more and more indicators as filters, you are trading really well
  • #11,492
  • Apr 20, 2012 9:32am Apr 20, 2012 9:32am
And my AU just hit TP, all trades now closed +228 for the day
  • #11,493
  • Apr 20, 2012 9:33am Apr 20, 2012 9:33am
Quoting ohammond
Obviously you should use a different indicator if you feel more comfortable with it, thats not the same as adding more and more indicators as filters, you are trading really well
thanks

I'm greatful for everyone that posts here.. It couldn't have been possible without the help of the community... I am happy to say that I've given up the bad habit of system hopping..

Now to move on to next week and hopefully another week in the green!! Nowadays I'm not really hindered by a losing day or couple days.. I'm more concerned about what I do the next day.

This week for example was quite choppy.. I started the week off with 150 pips on monday.. over the course of tuesday-thursday I was slowly giving back what I had earned on monday but never giving it all up.. I went from +10% down to +7%.. but today was the real difference.. I made up for those past 3 days of bad market conditions and ended with +13%

we all need consistence and persistence

Never give up
  • #11,494
  • Apr 20, 2012 9:35am Apr 20, 2012 9:35am
I thing sistem working good. inexperience making mistake. Im new user.
Today was super. Im fixing may mistakes.
  • #11,495
  • Apr 20, 2012 9:42am Apr 20, 2012 9:42am
I took this trade today, it would have gone on to be profitable but it was stopped out. I place SL just below the previous lowest low. Any reason why i shouldn't have taken the trade or should i have just set my SL lower?
Attached Image (click to enlarge)
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  • #11,496
  • Apr 20, 2012 9:44am Apr 20, 2012 9:44am
today was an easy day but yesterday i think there was few losers
  • #11,497
  • Apr 20, 2012 9:47am Apr 20, 2012 9:47am
ohammond and Dyekid217 congratulations.
Thank you for inspiration.
I wish better and better weeks
  • #11,498
  • Apr 20, 2012 9:50am Apr 20, 2012 9:50am
Quoting bobmorloc
today was an easy day but yesterday i think there was few losers
Yesterday I was up over 100 pips, so no, not that difficult. Wednesday I had my one and only losing day and thats because I walked away rather than try to make it up, if I'd stayed I probably could have made it back, but felt really out of sync not sure why, but thats the ONLY losing day I've had since I started with the system.
  • #11,499
  • Apr 20, 2012 9:53am Apr 20, 2012 9:53am
Quoting Arcane Tech
I took this trade today, it would have gone on to be profitable but it was stopped out. I place SL just below the previous lowest low. Any reason why i shouldn't have taken the trade or should i have just set my SL lower?
I usually use 50 pips SL no matter the swing points.. just for breathing room.

Honestly should be using 75 pip sl on the hourly but 50 is working just fine
  • #11,500
  • Apr 20, 2012 9:55am Apr 20, 2012 9:55am
Quoting ohammond
Yesterday I was up over 100 pips, so no, not that difficult. Wednesday I had my one and only losing day and thats because I walked away rather than try to make it up, if I'd stayed I probably could have made it back, but felt really out of sync not sure why, but thats the ONLY losing day I've had since I started with the system.

thursday i was down more than 50 pips at a moment. i ended with - 12 pips. but wednesday i was up 28 pips. today 100 pips but i think that was really easy
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