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Symphonie Trader System

  • #11,921
  • Apr 30, 2012 3:04am Apr 30, 2012 3:04am
Quoting mybzi
I'm using SymphonieMatrixV3.0.1, seems it's better than yours, at least senti is enough sensitive
Gosh, I dislike this color very very much
  • #11,922
  • Apr 30, 2012 3:05am Apr 30, 2012 3:05am
Quoting FXSwissTrader
You need to have the actual indicators that support that matrix. Do you have the TVI indicator? If not, download IT!
Thanks FST for suggestion, my mistake in the heat of the battle!
  • #11,923
  • Apr 30, 2012 3:12am Apr 30, 2012 3:12am
Thanks RJ,

I appreciate that. We are the same!

snarlyjack
  • #11,924
  • Apr 30, 2012 3:15am Apr 30, 2012 3:15am
Quoting snarlyjack
Thanks RJ,

I appreciate that. We are the same!

snarlyjack
No worries Jack
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,925
  • Apr 30, 2012 3:41am Apr 30, 2012 3:41am
Quoting realjumper
If the R:R ratio is all out of whack...say 60pip SL for a 15 pip gain, I would just not even take the trade at all.
RJ, can I know what is acceptable R:R in your mind? 1:1? or even 2:1? Because I'm always struggling to enter market in consideration of a terrible R:R like more than 2:1.... I think it's not worthwhile at all...Thanks for your advice
  • #11,926
  • Apr 30, 2012 3:55am Apr 30, 2012 3:55am
Quoting mybzi
RJ, can I know what is acceptable R:R in your mind? 1:1? or even 2:1? Because I'm always struggling to enter market in consideration of a terrible R:R like more than 2:1.... I think it's not worthwhile at all...Thanks for your advice
It's hard to say because I don't have a hard and fast rule about it, but less than 1:1 I would pass on
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,927
  • Apr 30, 2012 4:09am Apr 30, 2012 4:09am
REMINDER: This week is going to be HUGE!!

But today should be boring as it is European Banking Holiday and most markets are closed.


This week is indeed stacked with data.


Starting today we get Chicago PMI, Personal Income & Spending, and the Dallas Fed Manufacturing Report.


Then starting tomorrow we get global PMI day, followed by tons of labor data throughout the week, capping off on Friday with the USA Non-Farm Payrolls Report.


Also tomorrow, there will be a decision from the Reserve Bank of Australia, followed by an ECB decision on Thursday.


Add in the big elections of next weekend: France, Greece, Italy (regionals) and you have quite a combustive mix of things coming up.


Read more: http://www.businessinsider.com/remin...#ixzz1tVrsFgXA

  • #11,928
  • Edited 4:28am Apr 30, 2012 4:12am | Edited 4:28am
Quoting Evaluator
REMINDER: This week is going to be HUGE!!

But today should be boring as it is European Banking Holiday and most markets are closed.
Thats strange it doesn't mention that in FF Calendar just JPY and next week is a bank holiday in the UK.
  • #11,929
  • Apr 30, 2012 4:59am Apr 30, 2012 4:59am
EU Daily Chart
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 156 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,930
  • Apr 30, 2012 5:02am Apr 30, 2012 5:02am
Quoting realjumper
When the SL is so close, 15 pips is a pretty tight SL, I might consider stepping down to the next swing low and see how that looks. If the R:R ratio is all out of whack...say 60pip SL for a 15 pip gain, I would just not even take the trade at all.
Dear RJ

This was an M5 trade.
Do you consider too tight a SL of 15 pips at this time frame?
Enter Signature
  • #11,931
  • Apr 30, 2012 5:09am Apr 30, 2012 5:09am
Quoting thomasK
Dear RJ

This was an M5 trade.
Do you consider too tight a SL of 15 pips at this time frame?
It's a difficult question to answer because it depends very much on the market action at the time the trade is entered. If the market is steadily clawing it's way up (say), then a 15 pips SL (+ or -) might be fine......but if the market is chopping around up and down, up overall though, then the SL might get hit.

Placing the SL under the swing low for a long or above the swing high for a short is the best way, but it's going to get hot every now and then.....such is life in this business.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,932
  • Apr 30, 2012 5:14am Apr 30, 2012 5:14am
Dear RJ
Thank you very much for your continuous support!
Much appreciated!

Thomas
Enter Signature
  • #11,933
  • Edited 6:31am Apr 30, 2012 6:12am | Edited 6:31am
Quoting Mediator
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...
Hey Mediator,

No I'm not annoyed, I have no reason to be. I trade for myself and my results are my own to deal with.

If I'm comfortable taking a long term position and it creates a big DD thats my choice, I always have a plan in mind when I take my trades.

I do appreciate your analysis, even though its still incorrect regarding the number of pips my account was DD by!

Not sure what you mean by "Where's your emergency stop" ?? I have different exit strategy's for different trades.
  • #11,934
  • Apr 30, 2012 6:16am Apr 30, 2012 6:16am
Anyone have an issue with their myfxbook account not updating since the 28th of April??
  • #11,935
  • Apr 30, 2012 6:18am Apr 30, 2012 6:18am
Cable H1

Hidden Bullish Divergence......
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 130 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,936
  • Apr 30, 2012 6:23am Apr 30, 2012 6:23am
Quoting Daytrader74
Anyone have an issue with their myfxbook account not updating since the 28th of April??
I had a problem but it was with my Metrader Publisher settings. Just do a test on the journal side and check if that works.

Tools > Options > Publisher
  • #11,937
  • Apr 30, 2012 6:40am Apr 30, 2012 6:40am
Quoting realjumper
It's hard to say because I don't have a hard and fast rule about it, but less than 1:1 I would pass on
Thanks RJ, I can tell your trading style from your words, it's more flexible, different rules are applied upon different situation, it's better than a *dead rule* for every scenario. Thanks, I like it
  • #11,938
  • Apr 30, 2012 6:41am Apr 30, 2012 6:41am
Quoting Krypty
I had a problem but it was with my Metrader Publisher settings. Just do a test on the journal side and check if that works.

Tools > Options > Publisher
Thanks, tried that but unfortunately its still not updating!
  • #11,939
  • Apr 30, 2012 7:56am Apr 30, 2012 7:56am
+0.52% for the day already! lol its gonna be a long day!
  • #11,940
  • Apr 30, 2012 8:04am Apr 30, 2012 8:04am
Quoting Daytrader74
+0.52% for the day already! lol its gonna be a long day!
Nice job!
When you have the time could you please show your entry and exit?
We become what we think about
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