Symphonie Trader System

Yes I do, I comment on people's trades if they ask, I comment if they are having trouble with something, I comment if they are complaining something isn't working, but I don't comment on how someone exits trades if they are happy with what they're doing. We all exit differently, and who are we to say what is wrong or what is right. The entry yes, but I don't think I have ever been one to comment on someone else's R:R because as far as I'm concerned its not my business

Thank you for your detailed analyses, however you are incorrect about the number of DD floating pips my friend, my account has actually never had a floating DD of 1026.6 pips as you stated....not sure where you made up this information from?

Yes I do have a DD but I have stated a few times already that I'm holding some long term trades that I'm comfortable with and that are earning good positive swaps.

Trading is "Risky" my friend if anyone thinks otherwise they are disillusioned.

The most important thing in trading is having a plan and following through with it, not living in "hope".

Also if you have actually noticed my DD has been steadily going back into positive territory.

Thanks once again for taking the time to look at my trading account and for making your detailed analysis even if its only partially true ;-)

Well said my friend!

I'm inclined to agree with you here. I think there is a lot of misinformation around about R:R. I think the reality is that the risk depends on the trade, as well as the trader. I know someone who occasionally risks much more than than the 'official' rate, but that person chooses the time and place of the trades very, very well and prospers because of it.

It's fine to have a fixed R:R and never change. It's also fine to adjust that ratio according to the PA, the news release, the time of the trade or many other reasons.

I think R:R certainly is a personal thing and unless the person is being outrageous about it, and losing big time, then it is up to the individual to decide the risk level with which they are comfortable

Could you share this indicator and template....looked for it, couldn't find it....thanks, in advance!

hello Daytrader74,

i hope you was not annoyed about my analysis. it is my nature to analyse datas for facts.
my intention is not to say what is wrong or what is right like others think i do.
Yes, trading is risky i know and this is the truth with every business. some more some less.
i think the outcome should be in balance or better then the risk taken.
so i only liked to say 'be careful'.
But if you have a plan for every situation and you say you are comfortable with your DD then everything is perfect, isn't it?
May i ask where is your emergency stop or which trademanagement technic you use if for example AUDUSD would have fallen deeper and deeper?

Yes, i noticed the growth in equity like i'd say if you'll close your floating loss your balance remain 30% profit. better then nothing.


i simply looked at the outcome from April 15th and see a 20 Pip gain which equals 0.79% EOD ROI. then i switched to the drawdown tab, which shows the EOD DD and there is a floating DD 51.33% at the close of this day.

0.79% = 20 Pip
51.33% = ?
(51.33% * 20 Pip / 0.79 % = 1299.4 Pips). But AUDUSD Range for this days were only about 100-200 Pip. Either you risked more then usual for one trade or you have multiple trades open.

Cheer

Mediator

.....

PM sent as I know a good programmer who will do it for me for free.

I'm serious and I swear all those words are from my true heart and not compliment

Then you must be the best "newbie" in this thread

Me too, I'm also highly allergic to DD, even a small DD like 5% can make me quite uncomfortable....

That's true, totally agree=)

Good points, I've noted them down in my little notebook:nerd:slightly_frowning_face:I needa borrow this smiley which seems to be Eval's favorate )

You are such a cute lady that I cann't help laughing for several times when reading your post. The Yoghurt is sth I owe you, that sounds so delicious that I myself want to eat as well. Tell me your address and I will buy it and express it to you

smart! you are one the few who figured out im a femme il PM you my favorite local shop. pay them via cc and tell them the date and time i shall come to pick it up

ust sent you a PM regarding the indicator i need!!!!
Thanks guys!!!!
Tim

Hi Tim,

Based on the stuffs you sent me in PM, your indicator is coded.

Could you please tell us more about it ?
Even if I coded it, I still can't get the point ...

LhDT

ok the idea behind it is simply this (acording to the great Crucial Point)

You can actually read a lot of information from a 1 minute chart. It is the same with any time frame (5min, 15min, 1hr, 4hr, daily, etc...). You don't need other time frames. You just have to learn how to read it and it's actually quite simple.

A 1-minute chart actually paints a clearer and detailed picture of the market than any other time frame. It is just a matter of looking back at the history. You can view the day's/hours high, low, support and resistance precisely.

Let's take a 1 minute chart... If you scroll back up until you get 1440 candlestick, you are actually looking at a daily. Scroll back 7200 candlestick and you are looking at a weekly chart. Scroll back 240 and you are looking at a 4hour chart.

You can actually use these numbers (as a moving average) to gauge whether the market is in an uptrend or a downtrend within the day, the 4hrly, the hourly, the 15 mins etc... all in the 1 minute chart. It gives a whole new meaning of using moving averages in this way; not as an indicator to buy or sell, but a language to define and give meaning to the structure of the market.
You can use horizontal lines instead of moving averages. I find the horizontal lines less distracting to my eyes.

 

1. First, open your entry time frame or the smallest time frame you use.
2. Second, choose the other higher time frame you want to use (in this example we will use Daily, 4hourly, 1hour and 15mins).
3. Third, you will draw horizontal lines to represent each time frame (in this example 4 lines for the 4 different time frame).

You must plot the each line according to its time frames opening. What is the daily opening price? what is the 4hourly opening price? what is the 1hour opening price, and lastly what is the 15mins opening price.

You must change the line after each of its cycle. Change the daily line after 24hours. Change the 4hourly line after 4 hours, the 1hour after an hour and the 15min line every 15 mins.

Here is the simple rule: Anything above any line represents an uptrend according to that line (time frame). Anything below any line represents a downtrend according to that line (time frame).

You can convert 4 (and infinite number of TF) different Multi-screen Time frame into 1 single screen time frame with 4 lines representing each different time frame. Anything above the line is an uptrend, anything below the line is a downtrend.


A chartless Professional Trader would ask the price at time (x), the price in the last 4hours, the price in the last hour, the price in the last 15mins and then the current price... Once he knows these information he will simply go with the direction of the prevailing wind

Never forget... the trend is our best friend... Rule of Gold....

PS: you can post the indi here in the threat

Him Tim,

Could one just have an indicator for this instead of having to draw the lines oneself?

thats what i already asked Ih... i think it will post soon.....works better than the way i have now on my charts
note the thin yellow line is the 15min ma, the sky blue is the 1hour ma and the thick dark blue is the 4hour ma... usually i trade on the direction of the 1hour so 15min over the 1hour ma i look for longs (plus stcks and our main trigger symphonie matrix

Note: this is just some thoughts and testing under development....

hey guys DLed the newiest version this weekend, everything is working great, but my alarm is gone? Anyone have a fix?

Thanks

I got it thanks, went back some pages and found someone else had had the same prob fixed thanks for the hard work

The Next Circle Of Spain's Hell Begins At 5% And Ends At 10%

By Tyler Durden
Created 04/30/2012


Three weeks ago we discussed the ultimate-doomsday presentation [21] of the state of Spain which best summarized the macro-concerns facing the nation and its banks. Since then the market, and now the ratings agencies, have fully digested that meal of dysphoric data and pushed Spanish sovereign and bank bond spreads back to levels seen before the LTRO's short-lived munificence transfixed global investors. However, the world moves on and while most are focused directly on yields, spreads, unemployment rates, and loan-delinquency levels, there are two critical new numbers to pay attention to immediately - that we are sure the market will soon learn to appreciate.
The first is 5%. This is the haircut increase that ECB collateral will require once all ratings agencies shift to BBB+ or below (meaning massive margin calls and cash needs for the exact banks that are the most exposed and least capable of achieving said liquidity).
The second is 10%. This is the level of funded (bank) assets that are financed by the Central Bank and as UBS notes, this is the tipping point beyond which banks are treated differently by the market and have historically required significant equity issuance to return to regular private market funding. With S&P having made the move to BBB+ this week (and Italy already there), and Spain's banking system having reached 11% as of the last ECB announcement (and Italy 7.7%), it would appear we are set for more heat in the European kitchen - especially since Nomura adds that they do not expect any meaningful response from the ECB until things get a lot worse. The world is waking up to the realization that de-linking sovereigns and banks (as opposed to concentrating that systemic risk) is key to stabilizing markets.
UBS: A 10% Tipping Point

Greater ECB use defers the point at which a sovereign or bank faces a funding challenge, but accelerates the point at which a return to private market financing is unlikely without external support. We continue to see a level of 10% of funded assets financed at the central bank as a tipping point beyond which banks are treated differently by the market and have historically required significant equity issuance to return to regular private market funding. Spain’s system just passed this figure, reaching 11% with the most recent announcement of ECB drawings

http://www.zerohedge.com/sites/defau...9_spain1_0.png [22]

And a 'bad bank' ahead...

We believe that Spain will need an EU program to raise sufficient funds for what we believe needs to be significant further support for its banks and to provide external verification to regain credibility in the resulting financial system. A ‘bad bank’ to deal with the €323 billion in real estate assets is necessary, but not sufficient, in our view: the €545 billion shortfall in domestic savings compared with loans is likely to demand a “funding bank” in addition. We would view the likely loss content of this large headline to be a significant but smaller €100 billion.

Nomura: De-linking sovereigns and banks is key to stabilising markets

The most effective response for Spain would be to de-link sovereigns and their banks, following recent steady accumulation of sovereign debt by peripheral banks, in our view. Reducing the link between Spanish banks and the sovereign remains one of the key aspects for relieving pressure on Spain, whether this be by removing sovereign debt from balance sheets or ensuring sufficient capitalization to absorb losses. Unemployment out this morning at 24.4% shows the fragile state the economy is in, which is likely to keep pressure on Spanish yields. Against this backdrop the effect on the asset side of balance sheets is concerning, with expected weakness in non-core government bond prices coupled with a weak economy decreasing individuals' and corporates' ability to repay

If all agencies downgrade Spain to BBB+ or below, the ECB could increase haircuts by 5% on SPGBs

The key aspect in terms of the Spanish downgrade(s) is the ECB's LTRO. If all three rating agencies move Spain to BBB+ or below then under the ECB's current framework it moves into the Step 3 collateral bucket which requires an additional 5% haircut across the maturities. In classifying its risk management buckets, the ECB uses the highest of the ratings to determine an asset's position (unlike the sovereign benchmark indices which use the lowest rating, in general). Fitch and Moodys currently rate Spain at A and A3 respectively, with both having a negative outlook in place leaving only a small downgrade margin before Spain migrates to the lower ECB bucket.

Italy's position is marginally more precarious in that it shares Spain's A3 rating from Moody's but is rated lower at A- by Fitch, and is similarly outlook negative from both agencies. One would hope ECB pragmatism would prevail and move to be more accommodative on its collateral haircut rules on sovereign debt.

The weakness of the eurozone's growth outlook is undermining the efforts of many sovereigns to rein in budget deficits, thereby highlighting the self-defeating nature of the fiscal compact as currently defined. Including the political impact, this has potential to lead to further downgrades

http://www.zerohedge.com/sites/defau...9_spain2_0.png [23]

LTRO funding is not suitable when collateral values are unstable LTRO, like all repo funding, should only have been implemented with quality assets to avoid excessive margin calls. In 2009-10, when the operations were used to good effect, the majority of European sovereign assets were still perceived to be 'risk free'. 5-year SPGBs rallied from 4.95% in mid-2008 to 2.62% in December 2009 and non-performing loans were at roughly half of their current levels. In 2009, despite economic weakness, risk had generally been contained through continued fiscal programs, and with the ECB providing continued cheap funding it was sufficient to allow some normalization. The key difference between then and now is that sovereigns no longer have the ability to utilize the fiscal side. When the ECB announced the twin LTROs at the end of last year the sovereigns were clearly in a different state from 2009.

If the ECB believes in the mandated reforms it should be comfortable with warehousing sovereign risk

If the ECB believes in the currently prescribed course of reforms and their implementation it should have little issue with holding a major sovereign's collateral on its balance sheet. Taking this a step further, the ECB is generally concerned with moral hazard, which along with subordination, is likely also a reason why we have yet to see the SMP program buying bonds recently. But this is a double-edged sword in that it gives investors little confidence in the sovereigns' recovery prospects if the central bank appears to be in internal turmoil and is showing no action besides utilizing measures that are more suited to a strengthening market. One of our common refrains during the crisis is that moral hazard should not frame the reaction function of central banks. Rather, the over-riding and immediate objective of policymakers during a crisis needs to be avoiding non-linear or dual equilibrium risk. This requires aggressive and bold policies to be enacted. Europe's policymakers have notably failed on this front, and, hence, we have a crisis that has entered its third year.

http://www.zerohedge.com/sites/defau...9_spain3_0.png [24]

The ECB’s discomfort is no comfort to investors, eroding confidence

The key question remains in Spain as to who is the marginal buyer of debt beyond the domestic banks and primary dealers. Although the Spanish Treasury has sold a significant amount of its 2012 requirements, as things currently stand the country faces a multi-year funding problem. The extent to which domestic savings filtering through to bond buying is limited given that the general level of savings is likely at its limit. Banks, Santander and BBVA, have also said that they have no more capacity for further sovereign bond purchases given they are at the limit of their risk concentration limits (link [25]), which we think was rather diplomatically put. One risk is that domestic institutions shorten their SPBG holdings and focus more on bills, which would likely be unaffected by any debt restructuring.

We will see a worse situation before any meaningful response is produced by the ECB: QE

Our view is that things will get significantly worse before any meaningful policy response occurs. From the ECB?s perspective this entails pre-announced QE in a size which is commensurate to the problems faced. If the ECB believes in the actions taken by sovereign governments, which it has largely mandated, then its current responsibility is to stabilize sovereign markets in order to facilitate sovereigns' continued financing. The key inhibitor is the deterioration in the political union and the consequent ability to formulate a political response. Absent a proportional policy response, euro breakup remains more probable than possible at this juncture.

Key takeaways for us are:

 

1. the 5% haircut that will force margin calls on the most cash-strapped banks;
2. the 10% funding level beyond which the ECB's intervention in the banking system becomes restrictive and self-defeating;
3. LTRO funding is not suitable when collateral values are unstable LTRO, like all repo funding, should only have been implemented with quality assets to avoid excessive margin calls;
4. greater ECB use defers the point at which a sovereign or bank faces a funding challenge, but accelerates the point at which a return to private market financing is unlikely without external support;
5. and finally, the most effective response for Spain would be to de-link sovereigns and their banks, following recent steady accumulation of sovereign debt by peripheral banks, in our view.

Ive just had to change my Broker Demo acct which Im not to happy about,
as i had it working really well.
Sorry to be a pain in the rear but just checking Ive got the right settings for the latest Matrix TVI
My settings for TVI they are
TVI variables they are
12
12
5
500
0

Attached is a screen shot of a chart.
Still working on getting HA, Ma etc, but can someone confirm the dots line up OK?

Thanks

SR

More or less the same except you're using v3.0 which is the old sentiment so it takes longer for the sentiment to react, I use 3.01.