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Symphonie Trader System

  • #11,741
  • Apr 25, 2012 3:40am Apr 25, 2012 3:40am
Quoting FXSwissTrader
GBP is trading lower all across the board in last few minutes. Someone knows that GDP is going to come in negative. Wouldn't surprise me at all. Be careful.
Well spotted swisstrader
  • #11,742
  • Apr 25, 2012 3:57am Apr 25, 2012 3:57am
Quoting FXSwissTrader
GBP dropped like a brick as I suspected.

Yep......which goes to show that us retail traders really are at the bottom of the food chain.....lol.....we're always the last to get the news!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,743
  • Apr 25, 2012 4:19am Apr 25, 2012 4:19am
Quoting realjumper
Yep......which goes to show that us retail traders really are at the bottom of the food chain.....lol.....we're always the last to get the news!!
Damn it. Ain't that the truth? By the time we pushed the sell button, the move was done! #$@%^$#%!
  • #11,744
  • Apr 25, 2012 4:54am Apr 25, 2012 4:54am
Quoting FXSwissTrader
Damn it. Ain't that the truth? By the time we pushed the sell button, the move was done! #$@%^$#%!
This for me is a day to sit and watch from the sidelines because it is a bank holiday in many places. I think that the markets will lack steam until the FOMC.
For the newbies this is a good day to go thru the thread and get those answers u are always asking about.
Thanks
  • #11,745
  • Apr 25, 2012 4:59am Apr 25, 2012 4:59am
I think E/U is done. Look at the pullback on 1hr chart. Looks like a triple top. Wouldn't surprise me if E/U turnaround in NY session. Don't forget FOMC release and Ben Bernanke speech. Might strengthen the dollar. Probably reason why E/U has stalled. Be careful.
  • #11,746
  • Apr 25, 2012 5:02am Apr 25, 2012 5:02am
Hi to all Symphonie traders.
Today i started to use this system....but for me it wasn't a good start.
I opened 4 positions in total and i lost 30 pips...i need to improve my method.
  • #11,747
  • Apr 25, 2012 5:30am Apr 25, 2012 5:30am
Quoting mukamaisaac
This for me is a day to sit and watch from the sidelines because it is a bank holiday in many places. I think that the markets will lack steam until the FOMC.
For the newbies this is a good day to go thru the thread and get those answers u are always asking about.
Thanks
Yep.....the PA is again being difficult...best to keep your money in your pocket for now
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,748
  • Apr 25, 2012 5:31am Apr 25, 2012 5:31am
Quoting franc82
Hi to all Symphonie traders.
Today i started to use this system....but for me it wasn't a good start.
I opened 4 positions in total and i lost 30 pips...i need to improve my method.
Post some charts of your positions.
  • #11,749
  • Apr 25, 2012 6:33am Apr 25, 2012 6:33am
Quoting ohammond
Post some charts of your positions.
Sell GBP/USD is one of my 4 past positions.

Now i have a Sell EUR/USD still open.

The enter is where is the vertical line.

What do you think?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPusd.jpg Size: 182 KB
Click to Enlarge Name: Eur-usd.jpg Size: 155 KB
  • #11,750
  • Apr 25, 2012 7:04am Apr 25, 2012 7:04am
Quoting franc82
Sell GBP/USD is one of my 4 past positions.

Now i have a Sell EUR/USD still open.

The enter is where is the vertical line.

What do you think?

Do you know how to use that supdem indicator? If not, get rid of the thing. It repaints and is no better at drawing support/resistance then you can. You're just cluttering your charts. Get rid of the old indies.

As stated earlier, PA is very choppy. I would be very careful trading those pairs, in this environment. You're shorting the E/U as it is above pivot? Make sure you have tight SL. It might bounce off pivot or at the 1.32 price level and shoot back up. E/U and G/U has been in a 40-50 pip range the last two days. Look at PA. No clear direction.
  • #11,751
  • Apr 25, 2012 7:20am Apr 25, 2012 7:20am
FXSwissTrader thank you very much for your suggestions
  • #11,752
  • Edited 8:00am Apr 25, 2012 7:43am | Edited 8:00am
PA is assuming, and pricing in QE3 because of recent negative fundies in U.S. If there is no mention of QE3 in FOMC and Bernanke speech later today, $ WILL rally BIG-TIME. Stock market, gold&silver will plummet. Be careful. Better to sit out today, IMO!
  • #11,753
  • Apr 25, 2012 7:46am Apr 25, 2012 7:46am
Quoting franc82
Sell GBP/USD is one of my 4 past positions.

Now i have a Sell EUR/USD still open.

The enter is where is the vertical line.

What do you think?
If you look at your GU, look at the PA, price was winding itself round the pivot, breaking up and not going anywhere then down and not going anywhere, and Frankfurt was about to open, as RJ has pointed out quite a few times its not usually a good idea to take a signal right on the opening of a market.

With your EU it might have worked but its not one that I would have taken, H1 was still showing up, M5 was still making higher highs and higher lows, just not a high probability trade. There was divergence on M5 which would have made it more tempting but you can't see that because you haven't got the stoch on there.

I also agree with swisstrader, get your indicators sorted to the minimum required. Thats the matrix, trendline if you want to use it on your chart (but sort out the setting, in the EU pic, the trendline on your chart is a different setting to the one in the matrix) and stochastic.
  • #11,754
  • Apr 25, 2012 8:11am Apr 25, 2012 8:11am
You have no idea what happened with this arrow. odd bad!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_5.gif Size: 28 KB
  • #11,755
  • Apr 25, 2012 8:35am Apr 25, 2012 8:35am
BANG! I'm killin it, on the 1 min chart today. Anyone else?
  • #11,756
  • Apr 25, 2012 9:55am Apr 25, 2012 9:55am
What pair(s), Swiss?
  • #11,757
  • Apr 25, 2012 10:26am Apr 25, 2012 10:26am
nope another bad day on the 1hr..

With the month coming to a close soon I think I might call it an end until may
  • #11,758
  • Apr 25, 2012 11:03am Apr 25, 2012 11:03am
Quoting Dyekid217
nope another bad day on the 1hr..

With the month coming to a close soon I think I might call it an end until may
I couldn't find any nice setups on the 1hr today. Either stochs weren't in a great place or S/R was too close for a trade. Maybe the FOMC statement later will have some effect.
Don't lose heart, you been pipping like a pro this last month, keep it up
  • #11,759
  • Apr 25, 2012 11:08am Apr 25, 2012 11:08am
Quoting Arcane Tech
I couldn't find any nice setups on the 1hr today. Either stochs weren't in a great place or S/R was too close for a trade. Maybe the FOMC statement later will have some effect.
Don't lose heart, you been pipping like a pro this last month, keep it up
thanks.. and yeah I haven't let the losses get to me but with the month closing on monday I think it's best if I kept my profits for the month and take a little break for the weekend. No need to get antsy

especially if the market stays in a range til next week
  • #11,760
  • Apr 25, 2012 12:54pm Apr 25, 2012 12:54pm
Quoting yelena
wow, all the wait and anticipation for nothing! coupled with intereset rate at 0% where 0.25% was forecasted and expect - nothing, kapoot, nada... simply unbelievable = 11 pips.

although the GU GDP was spectacular, today was surprisingly quiet

i dont wanna trade bernanke but he may well be the only remaining market mover for the day. i just hope we get to be in the right position and that he will start on the dot
thanx for that indicator.... ur such a great help!!
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