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Symphonie Trader System

  • #12,441
  • May 10, 2012 7:14am May 10, 2012 7:14am
Quoting woocheese
Hello again,

I have taken a sell on EURUSD.

The PA was bellow the moving averages, bellow the pivot point, not near any support, under a red arrow, spotted on 1hour with stochastic in a good place, confirmed and entered in 5m with stochastic in a good place.

TP set at next pivot and will exit as soon as the extreme indicator bar changes to blue if TP is not hit.

I am still not sure if i should exit on the extreme hourly or 5 minute?
Update:
Trade closed at -27 pips. As the extreme indicator on the 1 hour timeframe closed blue.

What went wrong?

Also my screenshot is later than i closed, I closed on the close of the first blue extreme. 15 mins ago.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2012-05-10 at 13.13.05.png Size: 48 KB
  • #12,442
  • May 10, 2012 7:15am May 10, 2012 7:15am
Why waste your time talking...? Use the button....!
If he does not like the thread let him move on or report any fraud to
administrator.



Quoting Evaluator
mike2k,

who is a fraud? i suggest you choose your words more carefully as that is an accusation that has no basis.

make your case.....because so far all you are doing is slander.

Lastly, if you are saying I am a fraud then that is a total joke because i have been EXTREMELY detailed in my method, explainations, screenshots, and trades. I have 3 trails for everyone to see and if you really read this thread you will see that others followed along with me and saw the exact same and me and have the exact same results when trading the Symphonie...
  • #12,443
  • May 10, 2012 7:21am May 10, 2012 7:21am
Quoting woocheese
Update:
Trade closed at -27 pips. As the extreme indicator on the 1 hour timeframe closed blue.

What went wrong?

Also my screenshot is later than i closed, I closed on the close of the first blue extreme. 15 mins ago.
Nothing was wrong. I watched your entry and it was by the book. Sometimes the market just won't give up the pips. We can't win them all.

Personally I didn't like that trade, but I can't tell you why.....I just didn't like the choppy market so I am very chosy about which trades I take at the moment.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,444
  • May 10, 2012 7:23am May 10, 2012 7:23am
Quoting woocheese
Update:
Trade closed at -27 pips. As the extreme indicator on the 1 hour timeframe closed blue.

What went wrong?

Also my screenshot is later than i closed, I closed on the close of the first blue extreme. 15 mins ago.

what went wrong is that you are at the bottom of a downtrend that has reached consolidation and retracement. it is important to understand market conditions as well.

It is true the trend is down. But the eurusd had a very large move on Sunday that created a markt open gap that needs to be filled before the movement can be completed. That plus you have external events in Greece that continue to make the markt very jumpy. If you are trading 5 min charts at this time....i suggest you proceed with great caution because you are at the end of a price action movement where the market will jump and hit your stoploss.

Remember the third part of Symphonie is you....you need to educate yourself to market patterns and conditions and know when it the optimal time to take Symphonie Signals.

One thing that I have found most benefitial is the use of the SMA60 line to help keep you with the trend and out of pullbacks. (see post #12273 )

Evaluator.:nerd:
  • #12,445
  • May 10, 2012 7:24am May 10, 2012 7:24am
Quoting woocheese
Update:
Trade closed at -27 pips. As the extreme indicator on the 1 hour timeframe closed blue.

What went wrong?

Also my screenshot is later than i closed, I closed on the close of the first blue extreme. 15 mins ago.
According to MHO we have had a Bullish bat at 1,2910 (yesterday afternoon) or so. You have take your trade right at the end of a retracement
  • #12,446
  • May 10, 2012 7:43am May 10, 2012 7:43am
I like to filter using the H1 candles on the chart. If an H1 candle closed green then I look for 4-blue sympohies to go long. The reverse holds true for sell.

My chart shows a red vertical line for sell and green for buy. I do not know if that helps, but that is what I have been using.


Quoting woocheese
Update:
Trade closed at -27 pips. As the extreme indicator on the 1 hour timeframe closed blue.

What went wrong?

Also my screenshot is later than i closed, I closed on the close of the first blue extreme. 15 mins ago.
Attached Image (click to enlarge)
Click to Enlarge Name: symphonie.gif Size: 31 KB
  • #12,447
  • May 10, 2012 7:44am May 10, 2012 7:44am
Quoting woocheese
Update:
Trade closed at -27 pips. As the extreme indicator on the 1 hour timeframe closed blue.

What went wrong?

Also my screenshot is later than i closed, I closed on the close of the first blue extreme. 15 mins ago.
Maybe you'll feel better, I lost also, on M5, could be just small loss, but I was so "sure" it will go my way, I didn't listen to the Symphonie....
  • #12,448
  • May 10, 2012 7:57am May 10, 2012 7:57am
Hi Woo cheese, Maxwell and senior traders,

I see schotastics in your chart overlaid on the symphonie indicator. Usually this is done by dragging the indicator and choosing the apply to first or previous indicator's data. Is that what you did?

This usually does the schotastics calculation based on the Matrix and not for the price action.

For example if I drag Moving average to RSI window instead of the chart, the moving average calculates its avearage based on RSI, not based on the chart, if I choose first indicator or previous indicators data option.

If I just put moving average on the chart, it calculates it based on the chart and currency price.

I am not sure if I am explaining myself well here, but what I wanted to confirm was that if the schotastics has to be in a separate window or does it have to be laid on the matrix.

There is a difference in calculation when an indicator is laid separately and when the indicator is laid on another indictor or matrix.

I would like to know if you chose the first indicator or previous indicator option while dragging the schotastics to the matrix or you just dragged it without choosing any options.

thanks
  • #12,449
  • May 10, 2012 8:03am May 10, 2012 8:03am
Thanks for the feedback everyone. Good to know it was a correct trade according to symphony, will post the next trade again when ever that may be.

Also Forexnubie I just dragged it from the navigator into the matrix and it painted the stochastic correctly without any additional settings. See screenshot for comparison.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2012-05-10 at 14.04.38.png Size: 22 KB
  • #12,450
  • May 10, 2012 8:10am May 10, 2012 8:10am
You are correct.
Some indies will calculate based on what they are over laid on. Some indies do not change even after you drag.


Quoting forexnubie
Hi Woo cheese, Maxwell and senior traders,

I see schotastics in your chart overlaid on the symphonie indicator. Usually this is done by dragging the indicator and choosing the apply to first or previous indicator's data. Is that what you did?

This usually does the schotastics calculation based on the Matrix and not for the price action.

For example if I drag Moving average to RSI window instead of the chart, the moving average calculates its avearage based on RSI, not based on the chart, if I choose first indicator or previous indicators...
  • #12,451
  • May 10, 2012 8:14am May 10, 2012 8:14am
I just entered a sell on the red line in EUR/USD. I will exit on 3-blue symphnie bars.

I notice that EUR/JpY is shooting up like a rocket, so I think this EUR/USD sell trade is going to fail. Howerver, if it fails it won't be much of a loss.

Let us just see how it goes
Attached Image (click to enlarge)
Click to Enlarge Name: symphonie01.gif Size: 35 KB
  • #12,452
  • May 10, 2012 8:22am May 10, 2012 8:22am
Hi Woo Cheese,

Thank you so much. Really appreciate your quick reply.

thanks
  • #12,453
  • May 10, 2012 8:32am May 10, 2012 8:32am
The EUR/USD was a loss for only Six-pips.

But look at the EUR/JpY......winner...!!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: symphonie02.gif Size: 27 KB
Click to Enlarge Name: symphonie03.gif Size: 30 KB
  • #12,454
  • May 10, 2012 8:43am May 10, 2012 8:43am
regards to my first post http://www.forexfactory.com/showthre...50#post5654750
The first pattern (triangle) in EJ has hit target 38pips but with very big unusual retrace
The AU target has changed to1.01172 and AU is on the way !
pro4ex trading suite
  • #12,455
  • May 10, 2012 8:51am May 10, 2012 8:51am
Quoting woocheese
Update:
Trade closed at -27 pips. As the extreme indicator on the 1 hour timeframe closed blue.

What went wrong?

Also my screenshot is later than i closed, I closed on the close of the first blue extreme. 15 mins ago.
Woocheese,
Nothing went wrong. This is my own take that you watch out trading the EU especially since all it does these days is go up and down with a relatively narrow range compared to what it used to be. This means that by the time you get a signal, it has a few pips to go. Just look for trading opportunities elsewhere. Otherwise remember that even a loss is a trade and that's part of trading.
  • #12,456
  • May 10, 2012 9:07am May 10, 2012 9:07am
A so called 'Gap' only exists, because your MT$ broker switches off their server for forex retail traders, but the world market trades on weekend too.
if you have enough money in our pocket and be registered as a commercial than you are also able to trade at saturday and sunday.

But with stocks (indices etc.), 'gaps' do really exist because there is a real market close.

Cheers

Mediator
  • #12,457
  • May 10, 2012 9:26am May 10, 2012 9:26am
Quote
[code]
Quoting realjumper
Well you know, they say that lazy people always find the easy way.....and I have no problem with that philosophy

Hello,

Sorry to ask, but it seems that you replying to yelena and I can´t see yelena´s post anywhere. Actually on her profile her last post dated may 2nd. Was it a PM?

Best regards
  • #12,458
  • May 10, 2012 9:28am May 10, 2012 9:28am
Quoting aduarte
Hello,

Sorry to ask, but it seems that you replying to yelena and I can´t see yelena´s post anywhere. Actually on her profile her last post dated may 2nd. Was it a PM?

Best regards
She may have deleted the message
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,459
  • May 10, 2012 9:32am May 10, 2012 9:32am
Quoting realjumper
She may have deleted the message
Thank you.
  • #12,460
  • May 10, 2012 10:18am May 10, 2012 10:18am
Another bad day for 60-5 method:
EU: -58 pips,
GU: -30 pips,
AU: -16 pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur 10.05.png Size: 43 KB
Click to Enlarge Name: gbp 10.05.png Size: 37 KB
Click to Enlarge Name: aud 10.05.png Size: 37 KB
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