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Symphonie Trader System

  • #11,641
  • Apr 23, 2012 4:14pm Apr 23, 2012 4:14pm
I wasn't saying I use that as an exit technique, but have tested it over a long period of time and found that it doesnt not work. I only mention it as a guy was asking about exiting on opposite 1h signals. And no point saying thats how to exit exactly when it doesnt work.

And using PA by pivots is completely subjective, as pretty much all the time by a pivot theres choppyness. And using my 'brain' to take an educated guess as to when to get out is obviously subjective , not a long term trading plan
  • #11,642
  • Apr 23, 2012 5:07pm Apr 23, 2012 5:07pm
Quoting ser.korany
Today, is a losing day again for me by the method 60-5.
If someone is trading profitably with this method, please tell me when you exit from trade?
I exit at pivot-levels or change colour of Extr.
I also tried to set stop at previous hi-low price levels and TP at the pivot-levels.
Please help with advice.
As you already have the non repainting trendline on your chart, why don't you try exiting when the trendline closes the opposite colour. In a sideways market you will have lots of little losses and taking a few pips, but in a nice move you will catch a great deal of the move. Or just take 10 pips on each trade like quite a few of the traders here do.
  • #11,643
  • Apr 23, 2012 5:58pm Apr 23, 2012 5:58pm
Ended the day on +3.67%
  • #11,644
  • Apr 23, 2012 6:51pm Apr 23, 2012 6:51pm
I finished the day up 2.07%. And I'm up 4.2% for the week.
=)
  • #11,645
  • Apr 23, 2012 6:57pm Apr 23, 2012 6:57pm
Great stuff guys!! Let's hope we have a good day again tomorrow! I'm gonna check some charts in about an hour Or two.
  • #11,646
  • Apr 23, 2012 7:54pm Apr 23, 2012 7:54pm
Quoting chewz
I wasn't saying I use that as an exit technique, but have tested it over a long period of time and found that it doesnt not work. I only mention it as a guy was asking about exiting on opposite 1h signals. And no point saying thats how to exit exactly when it doesnt work.

And using PA by pivots is completely subjective, as pretty much all the time by a pivot theres choppyness. And using my 'brain' to take an educated guess as to when to get out is obviously subjective , not a long term trading plan
As has been said countless times already, exiting a trade can be one of the hardest elements of the whole trade. You may have seen, and in fact I bet you have, that exits should be decided at entry time. It is a bit silly to enter with no clear idea of where the exit will be!

There are many ways to do it, my preferred method is to aim for pivots, previous s/r areas or round numbers.....not in any particular order. But lets take pivots seeing as you mention it.

Let's say you enter a long just above the daily pivot. Assuming there are not round numbers or other s/r areas in the way, the natural target is R1. So.....aim for R1 as a possible exit. If R1 gets smashed by the PA and heads further north, bring your SL up to just under R1 and re-aim for R2. If the momentum dies along the way, you will know by the various tools available here...Matrix, stochastic, arrow.....whatever......you can exit with a nice profit. If the momentum doesn't dies along the way, then you are still targeting R2. When R2 gets hit...bingo.....nice profit. If R2 gets smashed.....do as we did before when R1 got smashed.

What's so hard about that?

You say that "pretty much all the time by a pivot theres choppyness" ...... what's that got to do with anything? If you try the method I have outlined, then it's not really an issue is it? If your exit is going to be R1, and you don't like this "choppiness", then exit when R1 gets hit. No problem.....no drama....R1 gets hit, exit the trade and take the profit.

You REALLY need to focus on one system, doesn't have to be this system if it doesn't suit you, but you must focus on one system. To jump between systems as you are doing judging by your posts, you will never master any system and you will become (more) frustrated and you will lose.

Most system traders have fallen into this trap, me included. Get to know one currency pair with one system only. Don't even glance at other threads until you have mastered your chosen system.

The analogy I can offer is that this is like learning to swim......for a long time you keep on failing and going under.....panicking and swallowing too much water. You change swimming instructors, but the same thing happens. Different instructor, different pool....same result. Until one day, you decide 'enough.....other people can swim, so can I damn it'.....and you stick with one instructor. Little by little (after swallowing half the swimming pool), you gain confidence in your instructor and you manage a few fleeting strokes of doggy paddle. One day.....the "EUREKA" moment happens and you can swim....WOHOOOOOO!!!!!

From this day on, for the rest of your life, you will never forget how to swim....and more importantly, you will wonder why you ever made it so hard for yourself.....and.....with practice, you get to become a pretty damn good swimmer.

That's how I see trading.....but it's essential that you learn one currency pair and one system.

5c

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,647
  • Apr 23, 2012 8:00pm Apr 23, 2012 8:00pm
Great stuff rj. Like many have said before. Trading is easy. The hard part is finding what works. Ie a method of swimming. But system hopping will get you nowhere. Trust me I've been through most of the popular threads here.

But consistency achieving the same results. How can you have the same results with 20 different methods. It's impossible. Find what works with this system and it will pay off in the long run

Remember it's a marathon not a wind sprint
  • #11,648
  • Apr 23, 2012 8:04pm Apr 23, 2012 8:04pm
Quoting Dyekid217
Great stuff rj. Like many have said before. Trading is easy. The hard part is finding what works. Ie a method of swimming. But system hopping will get you nowhere. Trust me I've been through most of the popular threads here.

But consistency achieving the same results. How can you have the same results with 20 different methods. It's impossible. Find what works with this system and it will pay off in the long run

Remember it's a marathon not a wind sprint
Exactly right.....it was the tortoise that won the race, not the hare!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,649
  • Apr 23, 2012 8:33pm Apr 23, 2012 8:33pm
bad news for aud.. looking to short AU and AJ in about half an hour.. might see more big moves overnight.. stochastic has recovered to overbought and on it's way down.

regular bearish divergence
  • #11,650
  • Apr 23, 2012 10:47pm Apr 23, 2012 10:47pm
Is there any way that we can reread previous alerts on MT4 after closing the window? I mean not having to wait for another alert ...
  • #11,651
  • Apr 24, 2012 1:15am Apr 24, 2012 1:15am
Quoting ser.korany
Today, is a losing day again for me by the method 60-5.
If someone is trading profitably with this method, please tell me when you exit from trade?
I exit at pivot-levels or change colour of Extr.
I also tried to set stop at previous hi-low price levels and TP at the pivot-levels.
Please help with advice.
Hi,

what basic method you like the most (i.e tools which is available on your platform)? Is it fibo, ma, volume, or even price action,chart pattern, S/R, etc You can combine that with symphonie.
  • #11,652
  • Apr 24, 2012 1:45am Apr 24, 2012 1:45am
Great thanks to all...
  • #11,653
  • Apr 24, 2012 1:52am Apr 24, 2012 1:52am
Quoting realjumper
Until one day, you decide 'enough.....other people can swim, so can I damn it'.....and you stick with one instructor. Little by little (after swallowing half the swimming pool), you gain confidence in your instructor and you manage a few fleeting strokes of doggy paddle. One day.....the "EUREKA" moment happens and you can swim....WOHOOOOOO!!!!!

From this day on, for the rest of your life, you will never forget how to swim....and more importantly, you will wonder why you ever made it so hard for yourself.....and.....with practice, you get to...
Please please RJ dont tell me you are the reason my pool was half empty all the time
Great stuff and to all traders, all is well said here. we need to kind of refer guys to this post for many of their exit questions etc.
I bet there was hardly any water in yelena's pool too.
Thanks
  • #11,654
  • Apr 24, 2012 2:50am Apr 24, 2012 2:50am
Hi there, I've been following this thread for quite long time, just be quiet in most of time, first of all I'd like to appreciate Eval's great work and selfless behavior to share this system with public, 2nd I really glad that so many followers contribute a lot into it, make it more and more powerful. I also see that many people acquired big success with this great system, I think they are reasons why I'm staying here cos I want to be one of them someday in near future

In my strategy, I used Yelena's M5+H1 method to apply Symphony. In my understanding, this method is intend to get main trend of market, its multi-conditions makes it easily to ignore those fake signals during whipsaw or choppy market. But there is a risk that I cannot deny, everytime M5 gives a signal of buy/sell, it means the price is in a very high/low position already, meaning we will face retracement of price nearly immediately after we're envolved in market. That's a very sad issue, I always need a strong heart to persuade me to stay in the market, I think this maybe the reason why we need big stoploss level.But here comes 2nd issue, if the trend is approaching the end or has little momentum after we entered, it's very possible that the big stoploss will be reached sooner or later. Someone may advise that I can exit market once there is an anti-directional signal(like RJ's arrow, or STL change color etc.), but if I choose to exit , I may lose chances that prices go back to original way,meaning that I'm kicked out due to small stoploss.

Maybe my words sound like description about common sense, small stoploss-protect you from bad chances, also from potential profit; big stoploss-you will get big profit, or also big loss. Now the biggest problem is, when I choose small stoploss, I find myself kicked out from potential good transactions; when I choose big stoploss, I find it would be reached in most of time. Am I too unlucky??? I'm wondering whether those successor here has 6th sense to tell whether a signal is the end of a trend and stay away from this transaction? That's also a topic I'm thinking a lot recently, besides strategy itself, whether there is any sense towards market that makes people enter or not ? I used to be a fan of mechanical system , but now I'm more and more believe there is something else beyond strategy itself, the people's mind! Any experts would like to share me how to be away from the end of trend ? I need your help very much!

A final question is for RJ, I read through your trading instructions, it's very simple and clear, but the pity thing is that I find very rare opportunity can appear during market, the main problem is stoch, even all the other conditions meet criteria, the stoch line is always in wrong position, oversell or overbuy. Can I know how frequently you can trade in timeframe of M5? thanks!
  • #11,655
  • Apr 24, 2012 3:10am Apr 24, 2012 3:10am
Took this trade on EJ 1h, see how it goes. issue on SL is quite a long way to next pivot point and 50 pips didn't quite beat the last swing low. Any tips/comments on this trade?
Also targeting R1 or 107.50
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  • #11,656
  • Edited 3:39am Apr 24, 2012 3:22am | Edited 3:39am
Quoting Arcane Tech
Took this trade on EJ 1h, see how it goes. issue on SL is quite a long way to next pivot point and 50 pips didn't quite beat the last swing low. Any tips/comments on this trade?
Also targeting R1 or 107.50
I'm not an expert but I would waited pivot's break. it's also a round number and price has been rejected the candle before. Wait for a break and retrace could be ideal but you risk to miss the move, so I would adopted for a pending order around 107,05.
What do you experts think?
We become what we think about
  • #11,657
  • Apr 24, 2012 3:24am Apr 24, 2012 3:24am
Good entry, the yen is really falling. One thing I would watch is the result of Spanish debt sale at the half hour. You may want to have stop at B/E.


Quoting Arcane Tech
Took this trade on EJ 1h, see how it goes. issue on SL is quite a long way to next pivot point and 50 pips didn't quite beat the last swing low. Any tips/comments on this trade?
Also targeting R1 or 107.50
Follow the money --Mark Felt (Deepthroat)
  • #11,658
  • Apr 24, 2012 3:38am Apr 24, 2012 3:38am
Quoting Arcane Tech
Took this trade on EJ 1h, see how it goes. issue on SL is quite a long way to next pivot point and 50 pips didn't quite beat the last swing low. Any tips/comments on this trade?
Also targeting R1 or 107.50
What is your trendline setting in the matrix? The reason I ask is because I took the EJ signal on H1 on the candle before, targeting the first atr line and pivot, also round number and its closed for +45.
  • #11,659
  • Apr 24, 2012 3:45am Apr 24, 2012 3:45am
Everything is SO OVERBOUGHT, unless there's a retracement and good re-entry signal, I'm out! My personal feeling is that we've topped out and the market will reverse to the downside soon. Be careful.
  • #11,660
  • Apr 24, 2012 3:46am Apr 24, 2012 3:46am
Quoting mybzi
A final question is for RJ, I read through your trading instructions, it's very simple and clear, but the pity thing is that I find very rare opportunity can appear during market, the main problem is stoch, even all the other conditions meet criteria, the stoch line is always in wrong position, oversell or overbuy. Can I know how frequently you can trade in timeframe of M5? thanks!
The frequency varies from day to day, but it's rare that there isn't at least one perfect set up o each pair that I trade between Frankie open and the first 6 hours of London
Doing what you like is Freedom. Liking what you do is Happiness.
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