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Symphonie Trader System

  • #12,021
  • May 2, 2012 5:05am May 2, 2012 5:05am
So .... gbp usd 1 hr has just alerted to a setup...i flick over to my 5 hour chart and see 2 blue extreme bars and the rest red since the big early move of the day.....presuming you have to wait for those blues to dissappear is this the makings of valid 60-5 setup? The stoch isn't oversold

Cheers peeps,

Mr P
  • #12,022
  • May 2, 2012 5:29am May 2, 2012 5:29am
Just a noob here Mr Pip but I thought the 60-5 method only relates to the 5 min and 1 hour charts. As in once you get a confirmation on the hourly you know the trend. Then you only take 5 min triggers that coincide with that trend........or I could be totally wrong. As I said I've only just started looking at this system recently.
Everyone's got a plan until they get punched in the face
  • #12,023
  • May 2, 2012 5:31am May 2, 2012 5:31am
Quoting Mr Pippy
Hi guys and gals,

I watched the earlier plunge accross the markets and was following the thread as things were updated...I just caught the second move of the day but whilst I'm glad I caught it.....i can't help but feel it was more luck than judgement. I placed my entry at 3155 whilst the market was going up and then caught around 13 pips or so using Eval's fib exit strategy (which I love btw, has made things sooo much easier...although I got out early rather than wait for the extreme bars to appear)....

Essentially I set my entry below a pivot...
Can you please post charts to illustrate your trades? I cannot keep going to my charts to see what you are trying to describe because I'm trading too. People will be much more able to help if you show your set up rather than describe it.

Thanks
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,024
  • May 2, 2012 5:38am May 2, 2012 5:38am
Quoting realjumper
Can you please post charts to illustrate your trades? I cannot keep going to my charts to see what you are trying to describe because I'm trading too. People will be much more able to help if you show your set up rather than describe it.

Thanks
Yep sorry! Quite right and here you go:

http://img534.imageshack.us/img534/9123/tradem.jpg
  • #12,025
  • May 2, 2012 5:42am May 2, 2012 5:42am
Quoting Mr Pippy
Hi guys and gals,

I watched the earlier plunge accross the markets and was following the thread as things were updated...I just caught the second move of the day but whilst I'm glad I caught it.....i can't help but feel it was more luck than judgement. I placed my entry at 3155 whilst the market was going up and then caught around 13 pips or so using Eval's fib exit strategy (which I love btw, has made things sooo much easier...although I got out early rather than wait for the extreme bars to appear)....

Essentially I set my entry below a pivot...
The H1 EU signalled down fully last night 18.00 (EST +7) so you would have been well prepared for the M5 signal this morning at 1.3189 on the 10:45 candle (EST +7). What setting do you have your trendline on?
  • #12,026
  • May 2, 2012 5:45am May 2, 2012 5:45am
Quoting Mr Pippy
Yep sorry! Quite right and here you go:

http://img534.imageshack.us/img534/9123/tradem.jpg
There's something wrong with your sentiment line, it looks like its reading the newer sentiment someone put out that signals later. Someone else had that problem I will go and find the post I made about it.
  • #12,027
  • May 2, 2012 5:47am May 2, 2012 5:47am
Quoting Mr Pippy
Yep sorry! Quite right and here you go:
Thanks. The market had already dropped some 80+ pips since Asian open, and your entry was right at the bottom of the move. In your position, I would have not entered because the chance of another decent drop is not high. Might even expect a retrace of some sort. Of course, the suits are yappin all day in the EZ so anything is possible. But, I wouldn't have entered where you did. Even if there is no further trades today, I'd rather have nothing than risk entering short at the bottom into a low probability trade. Sometimes it's better to let it go and wait for a better set up tomorrow
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,028
  • May 2, 2012 5:51am May 2, 2012 5:51am
Quoting ohammond
There's something wrong with your sentiment line, it looks like its reading the newer sentiment someone put out that signals later. Someone else had that problem I will go and find the post I made about it.
Try looking at this post about your sentiment indicator: http://www.forexfactory.com/showthre...28#post5562028
  • #12,029
  • May 2, 2012 6:12am May 2, 2012 6:12am
Quoting ohammond
Try looking at this post about your sentiment indicator: http://www.forexfactory.com/showthre...28#post5562028
Popped on rj template and I think that has solved the sentiment issue....i think I had the 3.0.1 on there originally and not the 3.0.1 (old sentiment) named one....the 5 min chart using the rj template one reads red on e/u at 8.30 today on the sentiment bar whereas on the incorrect one I had it reads blue

Real jumper has v1.6 matrix on the template so think i'll use that???

Mr P
  • #12,030
  • May 2, 2012 6:14am May 2, 2012 6:14am
Quoting Mr Pippy
Popped on rj template and I think that has solved the sentiment issue....i think I had the 3.0.1 on there originally and not the 3.0.1 (old sentiment) named one....the 5 min chart using the rj template one reads red on e/u at 8.30 today on the sentiment bar whereas on the incorrect one I had it reads blue

Real jumper has v1.6 matrix on the template so think i'll use that???

Mr P
Make sure its the TVI version, not the old extreme
  • #12,031
  • Edited 6:39am May 2, 2012 6:23am | Edited 6:39am
Quoting ohammond
Make sure its the TVI version, not the old extreme
http://img27.imageshack.us/img27/8103/tradexq.jpg

Does this look ok? Need to change the CCItrendline setting from 20 to 30 and emotion bars from 500 to 3000 I presume?

Mr P
  • #12,032
  • May 2, 2012 6:58am May 2, 2012 6:58am
Quoting Mr Pippy

Does this look ok? Need to change the CCItrendline setting from 20 to 30 and emotion bars from 500 to 3000 I presume?

Mr P
Why not leave the CCI setting as it is and try it?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,033
  • May 2, 2012 7:26am May 2, 2012 7:26am
Yep I'm just leaving your template as is now. Happy with its performance so why change it like you said!

Everything seems much clearer now so thank so much for your help. Everyone here is so helpful and I can only apologise for putting you all out with my constant questions!

A very grateful Mr P!
  • #12,034
  • May 2, 2012 8:03am May 2, 2012 8:03am
Quoting Mr Pippy
Yep I'm just leaving your template as is now. Happy with its performance so why change it like you said!

Everything seems much clearer now so thank so much for your help. Everyone here is so helpful and I can only apologise for putting you all out with my constant questions!

A very grateful Mr P!
Your questions are welcome because you are making an effort.....I just get a little shitty when people don't bother to help themselves
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,035
  • May 2, 2012 8:30am May 2, 2012 8:30am
Quoting realjumper
Your questions are welcome because you are making an effort.....I just get a little shitty when people don't bother to help themselves
Well....I've never noticed that
  • #12,036
  • May 2, 2012 10:48am May 2, 2012 10:48am
Is It Time to Invest in Europe?


http://www.youtube.com/watch?v=ObMfmE3JMAc

This is a conference discussing the health of EuropeZone (EZ) and when is the best time to invest in Europe.

  • #12,037
  • May 2, 2012 4:08pm May 2, 2012 4:08pm
What a difference today has made. The EURUSD has clearly broken the upward trendline and is poised to move lower per my post #11989. The next real test will be the Head and Shoulders neckline at 1.30600 which should come tomorrow with the ECB rate decision and press conference. There is not much in the way the ECB can do about the bad economic data coming out of the EZ in the way of tightening fiscal policy and in fact based on the bad econoimic data I fully expect a more dovisch position and possible new stimulus program or a rate cut over the next month in effort to reverse this drop in the EZ economy. For the ECB to remain static or even look to stricter fiscal policy would doom the EZ to full economic collapse so the logical course will be some form of stimulus....but that is logical and very ''un'' Central Bank like.

If that is truely the case then there is the distinct possibility that the EURUSD will finally have some form of resolution to the past 4 months of range trading and break out of the 1.30600 to 1.32750 range finally picking a direction to unstall the stalled price action.

Evaluator.:nerd:
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  • #12,038
  • Edited 5:53pm May 2, 2012 4:53pm | Edited 5:53pm
Quoting Evaluator
What a difference today has made. The EURUSD has clearly broken the upward trendline and is poised to move lower per my post #11989. The next real test will be the Head and Shoulders neckline at 1.30600 which should come tomorrow with the ECB rate decision and press conference. There is not much in the way the ECB can do about the bad economic data coming out of the EZ in the way of tightening fiscal policy and in fact based on the bad econoimic data I fully...
Can't understand why Draghi just won't come out and state that he supports a weaker Euro. It makes the most logical sense. All the reason why he won't.
  • #12,039
  • May 2, 2012 6:08pm May 2, 2012 6:08pm
Quoting ohammond
Well....I've never noticed that
You haven't?......well.....watch this space!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,040
  • May 2, 2012 6:23pm May 2, 2012 6:23pm
Anyone who lives in US, can you recommend broker(hedge & meta available),
cus one i'm using no more accept US citizen.

Hate this thing...
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