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Symphonie Trader System

  • #12,221
  • May 6, 2012 3:53pm May 6, 2012 3:53pm
This is my first post of my 1st weeks test run of this system on EURUSD. I am using my test account with the broker etoro. I have $10,000 play money so will start with lots of 100,000 units.

So here is my first trade. There is no metion of not trading on Sunday Nights in the first post which is why i took it! Whats wrong with jumping in feet first anyway?!

The attached image is my entry point all 4 indicators turned red so I issued a sell order.

Currently at 30+ pips so I have set my SL for my spread + 3 pips.

Update: Closed the trade as per rules 1. The Extreme Inidcator changed colour.
Trade concludes with a 33 pip profit. See second chart for the close.

Any feedback on if I am using the system correctly would be grand!
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #12,222
  • May 6, 2012 3:53pm May 6, 2012 3:53pm
Quoting camvcvoo
Some say bank holiday means thin volume but big moves. Let's see.

Anyway, for your trade, i would bank in whatever i can as i too expect retracement of at least 50 pips.
exactly as soon as got indication that the move is exausted i will!!! i also think that theres going to retrace before frankfurt open,
  • #12,223
  • May 6, 2012 3:59pm May 6, 2012 3:59pm
Quoting camvcvoo
I'm interested in that indi as well
Guys those indis are the trend squezz and trend strenght. i found them today and try to see if they are usefull....

please fell free to check them also and tell me something

see atached indies

as the name says trend strenght analyses the strenght of the trend bull or bear, the trend squezzer i think it works a little bit as the bbsquezz
but i wold like to know your thoughts on that
Attached File(s)
File Type: ex4 TrendSqueezer08.ex4   3 KB | 581 downloads
File Type: ex4 Trend Strength.ex4   12 KB | 610 downloads
  • #12,224
  • May 6, 2012 4:01pm May 6, 2012 4:01pm
Quoting timf1979
Guys those indis are the trend squezz and trend strenght. i found them today and try to see if they are usefull....

please fell free to check them also and tell me something

see atached indies

as the name says trend strenght analyses the strenght of the trend bull or bear, the trend squezzer i think it works a little bit as the bbsquezz
but i wold like to know your thoughts on that

I'll try it out tomorrow. Thanks Tim.
  • #12,225
  • May 6, 2012 4:03pm May 6, 2012 4:03pm
Quoting FXSwissTrader
I'll try it out tomorrow. Thanks Tim.
if you know the real purpose on the trend squezz give me a note...
  • #12,226
  • May 6, 2012 4:21pm May 6, 2012 4:21pm
You got it mate!!! follow the rules!!!!!


Quoting woolo
This is my first post of my 1st weeks test run of this system on EURUSD. I am using my test account with the broker etoro. I have $10,000 play money so will start with lots of 100,000 units.

So here is my first trade. There is no metion of not trading on Sunday Nights in the first post which is why i took it! Whats wrong with jumping in feet first anyway?!

The attached image is my entry point all 4 indicators turned red so I issued a sell order.

Currently at 30+ pips so I have set my SL for my spread + 3 pips.

Update: Closed the trade as per...
  • #12,227
  • May 6, 2012 10:44pm May 6, 2012 10:44pm
Well our daily pennant thingee finally broke, the France/Greek elections did the deed. Give that France has a new pres, and Greece has no coalition....and may not get one which will force another election.....add that to the IMP stipulation that whoever forms the govt has to affirm the austerity measures or they no more bailout money.....etc etc etc.....it really is a mess over there. But, will the Euro proceed to crash or will it continue in it's year long ranging nonsense until Greece defaults, leaves the EU or tows the IMF line?

Who knows?

What I do wonder though, is, is the pa going to head back up and test the lower line? We do have a 'gap' to fill (yeah, yeah....I know), the Stoch is well oversold all the way to H1, although the stoch has crossed in H4 but it remains below the 20 line.

The H1 could be forming a bear flag.....so this might go either way.

Don't become perma bears due the Greece nonsense.....let Symphonie show you which way it's going to go
Attached Image (click to enlarge)
Click to Enlarge Name: eudaay.jpg Size: 156 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,228
  • May 6, 2012 11:13pm May 6, 2012 11:13pm
Quoting realjumper

Don't become perma bears due the Greece nonsense.....let Symphonie show you which way it's going to go

Great advice. I'm only selling on rallies after Symphonie confirms. We may very well rally back up to 1.3030/50 before it drops again.
  • #12,229
  • May 7, 2012 12:09am May 7, 2012 12:09am
The insanity of the market continues as Europe comes to grip with the dramatic elections that took place this past weekend. However, that said it is very interesting how the markt is still keeping right on track to the expanding triangle theory that I made public back in January of this year.

With this dramatic gap down open breaking the 1.30600 neckline one can look for a quick retrace and then it should be followed by a strong drop to the target 1.26500 area to complete the touch point 4 of the expanding triangle.

For background all one has to do is go back and review my posts #12040, #11989, #11461, #11451, #11381, #11131, #10761, #10453, #10174 that ties to the original post #7158.

Original Prediction Screenshot and compare to current market shot today.

http://www.forexfactory.com/attachme...1&d=1330566433
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 262.jpg Size: 198 KB
  • #12,230
  • May 7, 2012 1:22am May 7, 2012 1:22am
Quoting Evaluator
The insanity of the market continues as Europe comes to grip with the dramatic elections that took place this past weekend. However, that said it is very interesting how the markt is still keeping right on track to the expanding triangle theory that I made public back in January of this year.

With this dramatic gap down open breaking the 1.30600 neckline one can look for a quick retrace and then it should be followed by a strong drop to the target 1.26500 area to complete the touch point 4 of the expanding triangle.

For background all one has...

Around 1.3040 is the golden 61.8% fib. retracement. Keep an eye.
  • #12,231
  • May 7, 2012 1:52am May 7, 2012 1:52am
Hi guys,

I've only been looking at this system for the last couple of weeks. I've been trying to run to the 60-5 method where I wait for the h1 signal then after the completion of of the retracement on the m5 get in on the next m5 signal that coincides with the h1 trend. I'm finding the PA seems to be whipsawing back with no continuation of the trend shown in the first H1 signal. Have I just been unlucky on the trades I've entered or is this just a sign of the current market movements? I'm watching AUDUSD, GBPSD and EURUSD.

Thanks

Dud
Everyone's got a plan until they get punched in the face
  • #12,232
  • May 7, 2012 2:04am May 7, 2012 2:04am
Quoting Dud45
Hi guys,

I've only been looking at this system for the last couple of weeks. I've been trying to run to the 60-5 method where I wait for the h1 signal then after the completion of of the retracement on the m5 get in on the next m5 signal that coincides with the h1 trend. I'm finding the PA seems to be whipsawing back with no continuation of the trend shown in the first H1 signal. Have I just been unlucky on the trades I've entered or is this just a sign of the current market movements? I'm watching AUDUSD, GBPSD and EURUSD.

Thanks

Dud
Sometimes the market doesn't suit 60 - 5. The market does what the market does.....we have to try and figure out what it's doing and adapt our method to suit. It's not an easy thing to do sometimes............
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,233
  • May 7, 2012 2:30am May 7, 2012 2:30am
Quoting Dud45
Hi guys,

I've only been looking at this system for the last couple of weeks. I've been trying to run to the 60-5 method where I wait for the h1 signal then after the completion of of the retracement on the m5 get in on the next m5 signal that coincides with the h1 trend. I'm finding the PA seems to be whipsawing back with no continuation of the trend shown in the first H1 signal. Have I just been unlucky on the trades I've entered or is this just a sign of the current market movements? I'm watching AUDUSD, GBPSD and EURUSD.

Thanks

Dud
I've had good success using a moving average (SMA 34) when trading M5. See the magenta line on chart. When price moves above the line, look for buy signals, below the line, look for sell signals.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 139 KB
Follow the money --Mark Felt (Deepthroat)
  • #12,234
  • May 7, 2012 3:04am May 7, 2012 3:04am
Quoting longfellow
I've had good success using a moving average (SMA 34) when trading M5. See the magenta line on chart. When price moves above the line, look for buy signals, below the line, look for sell signals.
I've just been looking back at my charts using your SMA 34.....makes quite a nice filter for the M5.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,235
  • May 7, 2012 3:15am May 7, 2012 3:15am
Quoting longfellow
I've had good success using a moving average (SMA 34) when trading M5. See the magenta line on chart. When price moves above the line, look for buy signals, below the line, look for sell signals.

I think nice and if use the SMA 34
confirmation 30 - 5 Symphonie something like that.

I like. agile than 60 - 5.
  • #12,236
  • May 7, 2012 3:16am May 7, 2012 3:16am
Quoting realjumper
I've just been looking back at my charts using your SMA 34.....makes quite a nice filter for the M5.
It's been a lifesaver for me. On AU it seems to bounce 3 to 5 times before reversing. As you said, gotta find what works.
Follow the money --Mark Felt (Deepthroat)
  • #12,237
  • May 7, 2012 3:17am May 7, 2012 3:17am
Quoting ozgsnr
I think nice and if use the SMA 34
confirmation 30 - 5 Symphonie something like that.

I like. agile than 60 - 5.
Yes, I am using 30 - 5 too.
Follow the money --Mark Felt (Deepthroat)
  • #12,238
  • May 7, 2012 3:19am May 7, 2012 3:19am
Quoting longfellow
It's been a lifesaver for me. On AU it seems to bounce 3 to 5 times before reversing. As you said, gotta find what works.
That's right.....I'm not sure whether I'd use it as part of my arsenal, but I'm prepared to run it on my charts for a month and watch it to see how it performs. Thanks for pointing it out
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,239
  • May 7, 2012 3:22am May 7, 2012 3:22am
Quoting realjumper
That's right.....I'm not sure whether I'd use it as part of my arsenal, but I'm prepared to run it on my charts for a month and watch it to see how it performs. Thanks for pointing it out
You're welcome.
Follow the money --Mark Felt (Deepthroat)
  • #12,240
  • May 7, 2012 3:25am May 7, 2012 3:25am
EU H1 Hidden Bearish Divergence

Not finished forming so not confirmed.....keep watching though
Attached Image (click to enlarge)
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Doing what you like is Freedom. Liking what you do is Happiness.
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