Symphonie Trader System

Good post man.

DayTrader,

Tell them how it is done. seems here is full of Kidds who can not Trade so they invest time in being Kidds which there are already. Fellows, face your charts and get some pips, that is what matters.

I liked your post in the discussion part of myfxbook http://www.myfxbook.com/community/tr...zpips/294812,1 Hilarious

Traderfric then found the issue...

I can't seem to though....my alarm for when the matrix gives a signal does not sound...only the arrow indicator sounds on my chart...help!

Screenshot of my chart and indicators to the left:

http://img607.imageshack.us/img607/5336/alarmfault.jpg

Sorry guys, I'm being a pain in the bum again!

Mr P

Well its the truth!

Absolutely

Sorry camvcvoo, I have a question regarding difference between "see" and "think". Although it's easy to look up and tell the difference in a dictionary, we all know they have specific meanings in trading context

If a trader just trade as what he "See", meaning he trades w/o any individual judgement or complex analysis or over-analysis, he just strictly follows signals of a system, I think such trading style is a genuine mechanical style. While "think" means even system shows a signal to a trader, he still needs to judge whether it's right time to enter market. At least I think most of experienced traders in this thread apply latter way to trade, they "think" b4 taking a signal. Otherwise, Eval would not attach one pic/passage after another to elaborate all his thoughts about E/U trend, he just needs to strictly follow system, no matter when it rings, he enters, just so simple, right? But actually we all know although it's the easiest way but also the laziest way, and not an effective way...

I don't mean to offend, I just want to discuss and make sure I get the correct understanding from this thread. After all I'm just a newbie and still have a lot to learn...

Any thoughts about that are quite welcome

Sorry I forgot to mention that yes the alarm was switched on. Was the first thing I checked.....really weird...worked before but no longer....might clean out then reinstall my indicators??

Mr P

My TVI v2 also alarms....so basically its my matrix indicator that is not alarming at the moment....I'll monitor and come back if anything changes

Mr P

Just doing research etc and wanted to know a little bit more. I think I understand what they are in principle:

Market emotion: the current feeling of traders

Market sentiment: the current mood of the market

Looking at my charts and the indicator, its not clear to me whether one drives the other.

Logically, knowing me this is completely wrong, emotion would drive market sentiment as the more people feel the emotion to buy for instance, the more sentiment would increase towards a bullish market?

Mr P

I have seen a few people here talking about spoon feeding others , you can only spoon feed if you have something to spoon feed with.Most of these guys are just novices thinking that if they defend a system the thread starter will give them some secret tip and they will be laughing all the way to the bank.Its quite the opposite , even the thread starter himself is struggling , that's why i have seen only a couple of people , excluding the thread starter , posting their accounts for the public.If the system is making money , lets see your explorer , your live account , not endless charts and posts of winning trades , what of the big losses .I rest my case .Some of us have the courage to show you our live accounts , what about you gurus of this GREAT system ?
I guess I will be banned after this post , but who cares honestly , just telling the truth.The market is ruthless ,lets not forget that.

I can speak for my self on that one.... the system is making money for me, anyway i aint gonna post any explorer available because of the critizism that comes from that. i dont need to prove nothing to anyone but myself, so i dont give a F*** to those who critizise the system or the traders.... when i have a doubt on whatever system that i see, first i learn it and try it, then i have the basis to critizise, witch is what i am not seeing in here on those who critizise the system. Just as you ask to see explorers and stuff like that, bring us the proof that the system doesnt work.... setup yourself a trade explorer with a demo account and trade with the system honestly and bring us the results. once again.... everybody is strugling with whatever system or chart analisys because the market is so erratic right know, as for me i strugled a lot this but i got it right and im now im on the green. but one more time i dont need to proof anything to anyone but myself, i dont need vouchers or anything like that because no one but myself put the food on my table. so i just ask politely.... if it doesnt work for you just leave it. find something that works for you thats all...
best regards
Tim

Ps: i know why your so abset.... losing 16% for the week is hard to digest.... still think that next week its going to be a hell off a week!!!! Enjoy your weekend!!!!

This is a long read but well worth it after all the happenings of today in the thread.

If it is too long please let me know and I will remove it.
(Please note this is not written by me)

The 5 Stages of a Trader

Stage One: Unconscious Incompetence.

This is the first step you take when starting to look into trading. You know that it’s a good way of making money because you’ve heard so many things about it and heard of so many millionaires. Unfortunately, just like when you first desire to drive a car you think it will be easy – after all, how hard can it be? Price either moves up or down – what’s the big secret to that then – let’s get cracking!

Unfortunately, just as when you first take your place in front of a steering wheel you find very quickly that you haven’t got the first clue about what you’re trying to do. You take lots of trades and lots of risks. When you enter a trade it turns against you so you reverse and it turns again… and again, and again.

You may have initial success, and that’s even worse – cos it tells your brain that this really is simple and you start to risk more money.
You try to turn around your losses by doubling up every time you trade. Sometimes you’ll get away with it but more often than not you will come away scathed and bruised You are totally oblivious to your incompetence at trading.

This step can last for a week or two of trading but the market is usually swift and you move onto the next stage.

Stage Two – Conscious Incompetence

Step two is where you realize that there is more work involved in trading and that you might actually have to work a few things out. You consciously realize that you are an incompetent trader – you don’t have the skills or the insight to turn a regular profit.

You now set about buying systems and e-books galore, read websites based everywhere from USA to the Ukraine. and begin your search for the holy grail. During this time you will be a system nomad – you will flick from method to method day by day and week by week never sticking with one long enough to actually see if it does work. Every time you come upon a new indicator you’ll be ecstatic that this is the one that will make all the difference.

You will test out automated systems on Metatrader, you’ll play with moving averages, Fibonacci lines, support & resistance, Pivots, Fractals, Divergence, DMI, ADX, and a hundred other things all in the vein hope that your ‘magic system’ starts today. You’ll be a top and bottom picker, trying to find the exact point of reversal with your indicators and you’ll find yourself chasing losing trades and even adding to them because you are so sure you are right.

You’ll get on forums and live chat rooms and see other traders making pips and you want to know why it’s not you – you’ll ask a million questions, some of which are so dumb that looking back you feel a bit silly.

You’ll then reach the point where you think all the ones who are calling pips after pips are liars – they can’t be making that amount because you’ve studied and you don’t make that, you know as much as they do and they must be lying. But they’re in there day after day and their account just grows whilst yours falls.

You will be like a teenager – the traders that make money will freely give you advice but you’re stubborn and think that you know best – you take no notice and overtrade your account even though everyone says you are mad to – but you know better.

You’ll consider following the calls that others make but even then it won’t work so you try paying for signals from someone else – they don’t work for you either.

You might even approach a ‘guru’ like Rob Booker or someone on a chat board who promises to make you into a trader(usually for a fee of course). Whether the guru is good or not you won’t win because there is no replacement for screen time and you still think you know best.

This step can last ages and ages – in fact in reality talking with other traders as well as personal experience confirms that it can easily last well over a year and more nearer 3 years. This is also the step when you are most likely to give up through sheer frustration.

Around 60% of new traders die out in the first 3 months – they give up and this is good – think about it – if trading was easy we would all be millionaires. another 20% keep going for a year and then in desperation take risks guaranteed to blow their account which of course it does.

What may surprise you is that of the remaining 20% all of them will last around 3 years – and they will think they are safe in the water – but even at 3 years only a further 5-10% will continue and go on to actually make money consistently.


By the way – they are real figures, not just some I’ve picked out of my head – so when you get to 3 years in the game don’t think its plain sailing from there.

I’ve had many people argue with me about these timescales – funny enough none of them have been trading for more than 3 years – if you think you know better then ask on a board for someone who’s been trading 5 years and ask them how long it takes to become fully 100% proficient.

Sure I guess there will be exceptions to the rule – but I haven’t met any yet.


Eventually you do begin to come out of this phase. You’ve probably committed more time and money than you ever thought you would, lost 2 or 3 loaded accounts and all but given up maybe 3 or 4 times but now its in your blood

One day – in a split second moment you will enter stage 3.


Stage 3 – The Eureka Moment

Towards the end of stage two you begin to realize that it’s not the system that is making the difference. You realize that its actually possible to make money with a simple moving average and nothing else IF you can get your head and money management right. You start to read books on the psychology of trading and identify with the characters portrayed in those books and finally comes the eureka moment.

The eureka moment causes a new connection to be made in your brain. You suddenly realize that neither you, nor anyone else can accurately predict what the market will do in the next ten seconds, never mind the next 20 mins.

Because of this revelation you stop taking any notice of what anyone thinks – what this news item will do, and what that event will do to the markets. You become an individual with your own method of trading
You start to work just one system that you mould to your own way of trading, you’re starting to get happy and you define your risk threshold.

You start to take every trade that your ‘edge’ shows has a good probability of winning with. When the trade turns bad you don’t get angry because you know in your head that as you couldn’t possibly predict it, it isn’t your fault – as soon as you realize that the trade is bad you close it.

The next trade or the one after it or the one after that will have higher odds of success because you know your system works.

You stop looking at trading results from a trade-to-trade perspective and start to look at weekly figures knowing that one bad trade does not make a poor system.

You have realized in an instant that the trading game is about one thing – consistency of your ‘edge’ and your discipline to take all the trades no matter what as you know the probabilities stack in your favor.

You learn about proper money management and leverage – risk of account etc – and this time it actually soaks in and you think back to those who advised the same thing a year ago with a smile.

You weren’t ready then, but you are now. The eureka moment came the moment that you truly accepted that you cannot predict the market.

Stage 4 – Conscious Competence

You are making trades whenever your system tells you to. You take losses just as easily as you take wins You now let your winners run to their conclusion fully accepting the risk and knowing that your system makes more money than it loses and when you’re on a loser you close it swiftly with little pain to your account.

You are now at a point where you break even most of the time – day in day out, you will have weeks where you make 100 pips and weeks where you lose 100 pips – generally you are breaking even and not losing money.

You are now conscious of the fact that you are making calls that are generally good and you are getting respect from other traders as you chat the day away. You still have to work at it and think about your trades but as this continues you begin to make more money than you lose consistently.

You’ll start the day on a 20 pip win, take a 35 pip loss and have no feelings that you’ve given those pips back because you know that it will come back again. You will now begin to make consistent pips week in and week out 25 pips one week, 50 the next and so on.
This lasts about 6 months


Stage Five – Unconscious Competence

Now we’re cooking – just like driving a car, every day you get in your seat and trade – you do everything now on an unconscious level. You are running on autopilot. You start to pick the really big trades and getting 200 pips in a day doesn’t make you any more excited that getting 1 pips.

You see the newbie’s in the forum shouting ‘go dollar go’ as if they are urging on a horse to win in the grand national and you see yourself – but many years ago now.

This is trading utopia – you have mastered your emotions and you are now a trader with a rapidly growing account.

You’re a star in the trading chat room and people listen to what you say. You recognize yourself in their questions from about two years ago. You pass on your advice but you know most of it is futile because they’re teenagers – some of them will get to where you are – some will do it fast and others will be slower – literally dozens and dozens will never get past stage two, but a few will.

Trading is no longer exciting – in fact it’s probably boring you to bits – like everything in life when you get good at it or do it for your job – it gets boring – you’re doing your job and that’s that.

Finally you grow out of the chat rooms and find a few choice people who you converse with about the markets without being influenced at all.
All the time you are honing your methods to extract the maximum profit from the market without increasing risk.


Your method of trading doesn’t change – it just gets better – you now have what women call ‘intuition’

You can now say with your head held high “I’m a currency trader” but to be honest you don’t even bother telling anyone – it’s a job like any other.


If you’re thinking about giving up Ask yourself the question “how many years would you go to college if you knew for a fact that there was a million dollars a year job at the end of it?"

good post Krypty!!!! that document is been around FF already for a couple of years, if i can recall and everybody should read it!!! thats i've been thru at least 3 off those stages and consciently i put myself on the fourth.... to those that are in here for quite some times we saw what happened here today countless times in every single threat that its started. anyway for what i've seen thru the years here all those who start to critizice and so on belongs to those that i put on the 1st and second stage... they will eventually quit trading, because mainly they will found out that there is no holy grail........... only a good trader....

PS: this one describes all.....
You’ll get on forums and live chat rooms and see other traders making pips and you want to know why it’s not you – you’ll ask a million questions, some of which are so dumb that looking back you feel a bit silly.

You’ll then reach the point where you think all the ones who are calling pips after pips are liars – they can’t be making that amount because you’ve studied and you don’t make that, you know as much as they do and they must be lying. But they’re in there day after day and their account just grows whilst yours falls.

You will be like a teenager – the traders that make money will freely give you advice but you’re stubborn and think that you know best – you take no notice and overtrade your account even though everyone says you are mad to – but you know better.


[quote=Krypty;5639020]This is a long read but well worth it after all the happenings of today in the thread.

If it is too long please let me know and I will remove it.
(Please note this is not written by me)

The 5 Stages of a Trader

OK I'm done for the week and its been another fantastic week.

+11.74% for the week and a great start to the month.

Good luck to all and always believe in yourself and what you can do when you put your mind to it you can achieve anything you want.

bobmorloc,

It is obvious even to the blind and deaf you do not like Symphonie and maybe you need to seek another system on the FF thread. Daytrader trades Symphonie as he has stated many times. He also stated in his first posts that he had a previous bad trades that he was holding on to as he thinks they will recover. So, while the bad trades he is holding on to are important and causing a drawdown, they are 100% irrelevant to his current usage of the Symphonie Trader System. Why? Because he is using Symphonie to trade his way out of a hole and being successful.

Ass to your statement;

That is completely false. If one uses Symphonie and strictly stays to the rules outlined in post#1 by following ARS and the money mangement structure one should be risking NO MORE than 5% at any one time and one should NEVER have a drawdown of more than 5%. PERIOD! Do the math from post #1 and it is easy to calculate.

I have never NEVER said that Symphonie is the perfekt system and any one that comes here and says I do is a liar! I have been open as I think most of the successful traders using Symphonie in telling you that if your are going to use Symphonie you need to FIRST learn and trade ONLY demo account until you get accustom to Symphonie, how it functions in the market, interpreting signals, and learning to practivce proper money management.

For you to come here AGAIN, and post what you posted is ....UNTRUE and a LIE.

So, I suggest you go somewhere else and continue your search for the ''holy grail'' system that is right 100% of the time because Symphonie will not do that.....Symphonie does much more...it teaches one that through hard work anyone can be a successful and consistant trader.

Evaluator.:nerd:

This is my favorite part in your message ;-) Thanks Eval

tafadzwa02,

Showing ones live account is totally irrelevant to this thread. This thread is about Symphonie Trader System and not a pissing contest on who's account balance is larger. This thread is here to present to the public a consistantly reliable trading system for people to educate themselves on and how it functions and working in the market.

The only one that really has to prove the Symphonie works is me! As the thread creator I must prove that Symphonie works when applied to the market because it is my theory/method. I think if you look at post #1 and all the statistical reports I have posted I have clearly proven that Symphonie works in all market conditions.

However, that being said I have NEVER said that one should trade real money using Symphonie. I have ALWAYS said that if you are going to trade Symphonie with a real account one needs to learn the system, understand all the aspects of Symphonie; then only trade demo accounts until you have a (warning: key phrase here) proven track record of accomplishment using the Symphonie Trder System. (I recommend atleast 2 months of consistant demo trading)

Why?

First, it allows one to learn the signals and understand how to react when Symphonie presents the user with a signal.

Second, demo trading lowers your stress and allows the brain to absorb the Symphonie Structure and become accustom to the market price action and when are the best conditions to enter and exit the market. (exits are always the hardest)

Third, it teaches one to have trust in ones abilities and trust that the Symphonie Signals are reliable.

Lastly, it builds confidence in ones abilities to handle setbacks when the market moves against you and one learns how using Symphonie Money Management protects one against large losses and helps them to recover their lossing trade with more wnning trades.

Again, as I have stated many times....Symphonie System teachs one how to be a consistant trader....through structure, well defined entry and exits, and proper money management even a novice can become a successful consistant trader able to handle whatever the market sends their way. Will it be right 100% of the time??? NO WAY....!

Will you beable to overcome your losses and win more than lose?? ABSOLUTELY...but it will require WORK and EFFORT.

But to come here and trade a system cold never having tried before with real money as you have done then complain about it saying it does not work is just plain STUPID!

Evaluator.:nerd:

Hey people,

Been having a browse of this thread (i remember looking at it when it had <10,000 views!) and I must say its come along way and i am impressed.

I regret not using the system at the start quite frankly!

So for a new started do you have any general advice? very interested!

Thanks a bunch,

Ben

My advice is "Read post 1" 20 times first. Good luck and many greens pipies to you.