Symphonie Trader System

hello nick..
post no 1 and last file Symphonie v3.0 Paket.zip
u can get it from there...
and i am using realjumper variant tpl. and the fibs indicator is differnt if you want i can attach it for you. thanx
ASH

From Commerzbank- "Speculation that the European central bankers might announce a rate cut today is making the rounds."


We'll have to wait for confirmation.

I recommend no trading for the next 50 min as it is 1 hour prior to ECB rate decision. Market will be extremely jumpy because of low markt participation awaiting ECB rate decision. This could prove to be a major markt moving event......

many thanx

Thanxnalot for great system and always concerned and guiding us...
ASH

ECB hold rates unchanged at 1.00% look for small EurUSD rally then the real fireworks begin at ECB news conference in 1 hour.

For those that wish to watch the news conference here is the online link to watch live.

http://www.ecb.int/press/tvservices/webcast/htmlECB Home/webcast_120503.en.html

http://t0.gstatic.com/images?q=tbn:A...en6z335sC8Dcp2

Thanks for the information! But....

Firstly this isn't me trying to cut corners but merely trying to gain an insight into the mindset of the experienced traders like yourself Eval...

Using your 60-5 method, how would one approach the upcoming ECB news event? Presuming we can't predict what will happen, only speculate, an inexperienced trader like myself would most likely wait for the hourly confirmation by which time the move has already happened.

The moves which seem the best to pick are the slower moving ones that follow trend cycles, exactly what the indicator was used to help ride.

In essence, are we looking to jump in using the 5 min indicator just before or wait?

Apologies if this is a stupid question or one you don't want to answer.

Mr P

For major news events do not trade in 5 min timeframes....use 30 min of greater timeframes as they cut out the whipsaws of market panics in times of major news events like rate decisions. one may miss a few pips at the front end of the market move but the larger timeframe keeps one in the trend and that is where you want to be....not caught in the small market chop that can kill you....

Always remember....the TREND is your FRIEND and never go against the TREND.

Evaluator.:nerd:

Here is the MP4 webcast link. You can read it in VLC player
http://c14098-l.z.core.cdn.streamfar.../playlist.m3u8

Many many thanks for that invaluable piece of information...

So using this I presume you'd swap out the 5 min for the 30 min but still have the 1 hour chart open also and trade it like a 60 - 30 method?

With an eye on the hourly but mainly just trading the 30?

Mr P

That is for you to decide. I personally trade 60 min for heavy news events.

Many thanks once again....knowledge absorbed!!!

Mr P

EU wasn't supposed to get down ?

Don't get married to an idea. Trade what you see, preferably not what you think. I learnt it the hard way...

Many pips to all.

Cheers!

I sold the EU @1.3152 !

DayTrader can u tell HOW much do u risk per Trade of u account balance?2%;5%;10%?THnks
Regards
ExpresID

The Challenge with most Trading Systems introduced in Forums/Chat Rooms . . .
Often generous traders like to share their trading systems in forums and chat rooms. In spite of their charitable efforts, this can be a laborious and frustrating endeavor – not only for the presenter, but the participants as well.
Most of the confusion is from inexperienced traders and our human tendency to make simple things complicated. Spend some time in the chat rooms and the trading system threads and you will notice the myriad of questions on basic elements of each system that have already been clearly defined and are generally uncomplicated. Even the simplest of instructions are met with the need for clarification to the extreme. What’s typically missing (in addition to knowledge and skill of thread participants) is the comprehensive understanding and explanation of Trade Plan Development.
Trade Plan Development is more than just a trading “system.” It encompasses a solid understanding of market structure, how to build and thoroughly back test a trading system, and training your trading mindset through trading psychology tools to control emotion and maintain discipline. The critical pieces missing in the chat rooms and forums are the models and methodologies to actually achieve each of these elements. Although most traders are aware of their existence, they do not have the knowledge, experience and/or skill to translate and/or teach these to other traders. If you don’t have the tools and training, you can change your mind 43 times within a 5M bar.
The system presented always works for the author because he developed and revised it to fit his personality. Trading systems rarely translate unilaterally to other traders. The ongoing evidence is in the litany of questions and misinterpretations regarding the execution of the simplest of systems and their rules. The fact is the system presenter can never provide all of the information or training required for any other trader to use any system successfully. The user must have the knowledge and experience to adapt the system to his individual proclivities.
The combination of inexperienced, as well as experienced traders attempting to clarify system rules can be exasperating for other forum and thread participants. The repetition of questions contributing to the unnecessary length of the threads is also vexing. Eventually, the experienced traders will lose interest and exit the thread; leaving the system author to spend his posts re-explaining the basics to the inexperienced or lazy traders that will not do the work or “pay their dues” to get up to speed (read the entire thread.) This is the endless cycle of forum threads; the enthusiasm and relevant content at the outset ends in boredom and redundancy as new traders enter near the middle and the end of the thread without having read the entire body of information. The presenter’s reward for sharing becomes diminished as the time commitment to maintain the thread increases. The author loses his zeal and slowly curtails his thread attentiveness. In spite of the initial interest and momentum, the sharing archetype eventually implodes from impatience and weariness.
This cycle is what professionals rely on. They know that that most of the traders in these forums and chat rooms are impatient – jumping from system to system (look at the thousands out there) and rarely, if ever, do the work or invest in a real trading education.
The fact is the trading system is irrelevant. The trader must know the totality of Trade Plan Development and create his/her own trading system. They may adapt an existing system to their individual personality, but still only after acquiring the knowledge and skill provided through a comprehensive trading education that incorporates the elements of complete Trade Plan Development. A proper Trade Plan Development education will teach the trader how to create and test their own system theories, build the belief in a profitable system, and consistently execute valid signals in a live market – all without requiring endorsement, judgment or confirmation from other traders or pundits.
There is no lack of generosity and good intent in the forums and chat rooms, but these are not the hotbeds for producing trading professionals. Although the presenter’s altruism is obvious, there still exists the fundamental deficiencies noted above; lack of a total Trade Plan Development approach along with traders seeking short cuts – a capricious mix at best.
There will be a small number of self-motivated exceptions that will succeed, but for the most part, 90-95% won’t get it and never will. The churn of wide-eyed newbies and struggling, losing traders will keep this cycle alive.
As much as I deride this milieu (the model, not the people,) I realize that this paradigm contributes to my earnings in a very direct way. It perpetuates the delusion that trading is an easy and fast way to make money and those that believe it are investing in the collective market pot from which I draw my income. For that I say thank you. You will keep funding the lifestyle of traders like me that follow rules and a solid trading plan.
I know this first hand because not long ago, I was in the thick of it – looking for quick answers from any and every source. I know everyone has to start somewhere, but along the way you will come to the realization that you can’t fake it any more. I finally made the decision to make real money trading and with that I had to make a real commitment.
If I can do it, so can you. You simply must decide to do it and then make it happen.

I saw this and wanted every one to read it too!!

[quote=sharemaster]The Challenge with most Trading Systems introduced in Forums/Chat Rooms . . .

Sharemaster, where did you find this?

http://www.protradenetwork.com/2012/...ading-systems/

[quote=mary4x;5634520] xaphod beat me to it. well, there you go!