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Symphonie Trader System

  • #12,381
  • May 9, 2012 8:45am May 9, 2012 8:45am
Quoting FXSwissTrader
Be careful E/U 1.2930 is the (61.8) fibo expansion from yesterday high to low. Yesterday the 61.8% retracement hit so it's likely we exhaust the move at 1.2930. Just be careful.
If fibs repeat itself today, we should retrace back up to the 1.2970 area before potential resume to downtrend. Don't get itchy fingers and get caught in sideway(whipsaw) signals.
  • #12,382
  • May 9, 2012 10:29am May 9, 2012 10:29am
Hi fellow traders

Here are a couple of trades i took today using Symphonie.

Total for the day = 60 pips
Attached Image(s) (click to enlarge)
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  • #12,383
  • May 9, 2012 10:49am May 9, 2012 10:49am
Quoting munirpt
Hi fellow traders

Here are a couple of trades i took today using Symphonie.

Total for the day = 60 pips

kool work...
  • #12,384
  • Edited 2:28pm May 9, 2012 2:16pm | Edited 2:28pm
Hello Traders,

Just here to confirm I have the right idea and have taken in everything from this thread so far.

So the rules for a profitable system as I understand them so far:

60-5 System:

Matrix Symphonie version 3.0.1 Old sentiment: (Post 1 settings)

Check on hourly chart for a signal. Move down to 5m chart for entry.

Use the stochastic to gauge entry with standard stochastic rules. (Don't buy when over bought, don't act against the stochastic)

Do not enter a trade if there is a pivot point/support/resistance line on the wrong side of the trade. By wrong side i mean the side where we hope price will head next. Wait and see if the support/resistance line breaks before entry.

Make sure price action is on the correct side of the moving average on the 5m timeframe.

When these parameters are all met I make my order.

Emergency Exit:
If there is an extreme on close on the 1 hour chart after the trade has been initiated before either the TP or 30 pips have been reached exit the trade!

Profit Targets:
Target for profit is the next pivot point in the direction of the trade.

Stop Loss:
50 pips moved to BE+3 when PA hits 30 pips profit.

or

Set SL at the peak of the last move.

Not sure which one to use? Using the previous high/low would minimise the risk/reward ratio but the 50 pip stop does protect more from random whipsaws.

Have I got the right idea? Is anything useful missing? (I think all i am not using is the arrow's from real jumpers modification)

I have searched this thread like a mad man and also have not found the Average Daily Range/Move indicator a lot of you seem to use anywhere. What should i search to find it?

I have attached my chart for you guys to take a look at. Will post my first trades when ever I make them too.

Happy Trading.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2012-05-09 at 19.54.28.png Size: 41 KB
  • #12,385
  • Edited 5:31pm May 9, 2012 5:28pm | Edited 5:31pm
You got it right i guess....
Well here you have the indis you asked for RJ arrow, plus the adr that i personally use, plots both high and low possible adr targets...

enjoy and see if it suits you..

Quoting woocheese
Hello Traders,

Just here to confirm I have the right idea and have taken in everything from this thread so far.

So the rules for a profitable system as I understand them so far:

60-5 System:

Matrix Symphonie version 3.0.1 Old sentiment: (Post 1 settings)

Check on hourly chart for a signal. Move down to 5m chart for entry.

Use the stochastic to gauge entry with standard stochastic rules. (Don't buy when over bought, don't act against the stochastic)

Do not enter a trade if there is a pivot point/support/resistance line on the wrong side of...
Attached File(s)
File Type: ex4 arrow.ex4   9 KB | 492 downloads
File Type: ex4 !SM_ADR Marker.ex4   12 KB | 518 downloads
  • #12,386
  • May 9, 2012 6:07pm May 9, 2012 6:07pm
Hi experienced traders,

I am still learning the system. For the most part it is very straight forward, all indicators same colour and schot in your direction and avoid close support resistance.

However, when I load the indicator 3.01 old sentiment, on the 4 hour chart, as you can see, the price came down a lot, but the extreme indicator remained bullish, never changed.

Is there any thing wrong in my loading the indicators? I do not understand why the indicator never turned its colour even afer the pair came down hundreds of pips.

Same thing happens in 1 hour also, many times. I have missed many trades waiting for the extreme indicator to align with the other three, but the pair had made its run.

I will be glad to know where I am wrong.

Please advise.
Attached Image (click to enlarge)
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  • #12,387
  • May 9, 2012 6:23pm May 9, 2012 6:23pm
Did ou check the settings of the trendline on the indicator? ?

Quoting forexnubie
Hi experienced traders,

I am still learning the system. For the most part it is very straight forward, all indicators same colour and schot in your direction and avoid close support resistance.

However, when I load the indicator 3.01 old sentiment, on the 4 hour chart, as you can see, the price came down a lot, but the extreme indicator remained bullish, never changed.

Is there any thing wrong in my loading the indicators? I do not understand why the indicator never turned its colour even afer the pair came down hundreds of pips.

Same thing...
  • #12,388
  • May 9, 2012 6:30pm May 9, 2012 6:30pm
Quoting forexnubie
Hi experienced traders,

I am still learning the system. For the most part it is very straight forward, all indicators same colour and schot in your direction and avoid close support resistance.

However, when I load the indicator 3.01 old sentiment, on the 4 hour chart, as you can see, the price came down a lot, but the extreme indicator remained bullish, never changed.

Is there any thing wrong in my loading the indicators? I do not understand why the indicator never turned its colour even afer the pair came down hundreds of pips.

Same thing...
You don't have all the indicators in your experts/indicators folder. This is third time we've been through this in as many days.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,389
  • May 9, 2012 6:32pm May 9, 2012 6:32pm
Quoting timf1979
You got it right i guess....
Well here you have the indis you asked for RJ arrow, plus the adr that i personally use, plots both high and low possible adr targets...

enjoy and see if it suits you..
Thanks for finding them! I'll give it a test for a couple months, will post some trades here for feedback.
  • #12,390
  • May 9, 2012 6:39pm May 9, 2012 6:39pm
Quoting forexnubie
Hi experienced traders,

I am still learning the system. For the most part it is very straight forward, all indicators same colour and schot in your direction and avoid close support resistance.

However, when I load the indicator 3.01 old sentiment, on the 4 hour chart, as you can see, the price came down a lot, but the extreme indicator remained bullish, never changed.

Is there any thing wrong in my loading the indicators? I do not understand why the indicator never turned its colour even afer the pair came down hundreds of pips.

Same thing...
Yeh lol, I can help you out there, asked the same question yesterday.
http://www.forexfactory.com/showthre...20#post5647520
I felt a bit of a goose because I had all the other versions working.
-V-
  • #12,391
  • May 9, 2012 7:03pm May 9, 2012 7:03pm
Hi 2old2care and Real Jumper,

Thank you very much. It works now.

thanks
  • #12,392
  • May 9, 2012 7:27pm May 9, 2012 7:27pm
Our Daily Pennent thingee has now broken out, re-tested and been rejected...all text book breakout stuff. The stoch is still of concern though, but of course this can stay below 20 for quite some time. Sooner or later though, the market will have to address that.
Attached Image (click to enlarge)
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,393
  • May 9, 2012 8:59pm May 9, 2012 8:59pm
Quoting realjumper
Our Daily Pennent thingee has now broken out, re-tested and been rejected...all text book breakout stuff. The stoch is still of concern though, but of course this can stay below 20 for quite some time. Sooner or later though, the market will have to address that.
Well, someone wise said:"Buy when the majority sell and sell and the majority buy." To me, not only you need to have deep pockets but also balls of steel.

Looking at D1, 1.2950 is also an area of concern. The most recent rejections around this area are 16/02/12, 15/03/12 and 16/04/12.

I would risk a small amount for an upside gain in this case. Not suggesting but just my take as if for a small spin at the jackpot machines in casinos.

Also, for the past one year, AUDUSD is a interesting pair in a sense that you can find volatility in almost all sessions!

Cheers to all!

福 子 Victor V
  • #12,394
  • May 9, 2012 9:06pm May 9, 2012 9:06pm
Might be getting a bit of a retrace going on. I find the NZD to be an early warning signal for me. Taken a quick short but will go to BE quickly given it is CT.
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  • #12,395
  • May 9, 2012 11:56pm May 9, 2012 11:56pm
USDX is at a very important level........a rejection here might coincide with a retrace on the EU to relieve the Oversold state.

I don't know.......just thinking aloud!!
Attached Image (click to enlarge)
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,396
  • May 10, 2012 12:24am May 10, 2012 12:24am
Accordingly. It seems necessary to events spanning considerable global political-economic scenario, or goodwill of the great merchants, to boost the USDX above 81.00. There has been remarkable strength of resistance there.
  • #12,397
  • May 10, 2012 12:28am May 10, 2012 12:28am
Quoting realjumper
USDX is at a very important level........a rejection here might coincide with a retrace on the EU to relieve the Oversold state.

I don't know.......just thinking aloud!!
Yesterday there was a H4 pin bar that reached new high for the week closing around the open of that H4 bar. The low of the the H4 pin bar has been breached. I am on short USD based on that. Hope it works out this week
福 子 Victor V
  • #12,398
  • May 10, 2012 12:30am May 10, 2012 12:30am
Quoting realjumper
USDX is at a very important level........a rejection here might coincide with a retrace on the EU to relieve the Oversold state.

I don't know.......just thinking aloud!!
If the retrace does happen, I dont expect it to be a smooth ride. I might watch the first move and see how price reacts. This trend has got some heat and it will take a bit to swing the ship around. Could be some good action for the scalpers.

I covered my E/N short at break even. I will wait for London.
  • #12,399
  • May 10, 2012 12:31am May 10, 2012 12:31am
Quoting camvcvoo
Yesterday there was a H4 pin bar that reached new high for the week closing around the open of that H4 bar. The low of the the H4 pin bar has been breached. I am on short USD based on that. Hope it works out this week
Oh yeah....I see it. Bit early for me to short the USD, but it's one more duck that is lining up!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,400
  • May 10, 2012 12:32am May 10, 2012 12:32am
Quoting realjumper
USDX is at a very important level........a rejection here might coincide with a retrace on the EU to relieve the Oversold state.

I don't know.......just thinking aloud!!
Yes, just logged on and at first check noticed a head and shoulders on H1. Very important level here.
Attached Image (click to enlarge)
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