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Symphonie Trader System

  • #13,241
  • Jun 3, 2012 11:11pm Jun 3, 2012 11:11pm
Quoting ohammond
I think a better way of doing it would be to show reasons for not taking a trade rather than good trades.
Yes, I agree. Also bad (red pips) trades with snapshots of the entry and exit will have great educational effect.
  • #13,242
  • Jun 3, 2012 11:14pm Jun 3, 2012 11:14pm
Quoting futurespeter
I know, and same does yelena and some other, thanks for this!

I did mentioned realjumpers way of posting trade examples.
RJ shows examples of good trades and good trades don't repaint, only bad trades repaint, so they stand well as examples of good trades.
  • #13,243
  • Jun 3, 2012 11:44pm Jun 3, 2012 11:44pm
Quoting ohammond
RJ shows examples of good trades and good trades don't repaint, only bad trades repaint, so they stand well as examples of good trades.
Not really correct.

The entry 4 red/ blue dots (time) in afterwards posted trade examples is not always correct caused by the repainting issue, often the entry 4 red/ blue dots (time) is falsified because of repainting.

Only if you neglect this important aspect you are right, starting from the (often falsified) entry the matrix will not repaint if the trade is a good one ...
  • #13,244
  • Jun 4, 2012 12:12am Jun 4, 2012 12:12am
Quoting futurespeter
Not really correct.

The entry 4 red/ blue dots (time) in afterwards posted trade examples is not always correct caused by the repainting issue, often the entry 4 red/ blue dots (time) is falsified because of repainting.

Only if you neglect this important aspect you are right, starting from the (often falsified) entry the matrix will not repaint if the trade is a good one ...
As I don't take a lot of notice of the emo/senti for that very reason, I don't get a problem with repainting. I take notice of the tvi, trendline and stoch for whether I go into a trade or not. Sometime the trendline will paint two bars at once, if it does that I wait for the second bar to close before going in.
  • #13,245
  • Jun 4, 2012 12:16am Jun 4, 2012 12:16am
Example of AU short NOT taken on M5. Reasons, stoch started its journey too far down, 15min still up.

Edit: uploaded wrong pics sorry. Should be ok now.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au5min.gif Size: 33 KB
Click to Enlarge Name: au15min.gif Size: 31 KB
  • #13,246
  • Jun 4, 2012 12:48am Jun 4, 2012 12:48am
Quoting futurespeter
The afterwards posted trades and possible trade examples do not show the reality because the matrix does partly repaint. So the only way to show correct trade examples is to post trades with a snapshot at the time the trade was opened (and closed). That does not have to be happen realtime, a snapshot at the time the trade was opened (and closed) does show the real picture.
If you refresh the chart at every bar when a trade is looking likely, you will see the charts as I have posted.

If you wish to sit there and stare at the charts and not be proactive, then you will see the move too late.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,247
  • Jun 4, 2012 2:54am Jun 4, 2012 2:54am
[quote=realjumper;5724503]I can't speak for others but the reasons I won't do it are...............

  • #13,248
  • Jun 4, 2012 4:53am Jun 4, 2012 4:53am
As time moves past last weeks NFP that caused a surprise rally in the EURUSD what should one take away form that rally?? Could this be a small retracement before the Greek Elections push the Euro down further? Or will the Central Banks of the world once again provide stimulus (i.e. USA Central Bank) provide another round of money printing push markts higher?

The answer...is only the markt knows. However, that being said it is important to look at chart fundamentals as they are beginning to show us a pictrure of opportunities. First we have a Friday rally that cause a large reversal candlstick with a long wick that is a possible sign of a markt price aciton directional change. Second, we have a Stochastics that is starting to point up and pushing back above 20. Third, we have a strong price action drop in the EURUSD that has pushed down in one direction for that past 18 days and over 800 pips with no pullback or retracement. Lastly, (although minor) there is an unclosed opening gap down that still remains unclosed....

What does this mean? It means that we have all the making of a reversal or strong retracement before the next leg down. Because of the failure of a bounce at the touchpoint 4 on the expanding triangle the validity of this pattern to continue is less likley and it would be unrealistic to remain on path of a retracement to 1.38 for a touchpoint 5 at this point without some strong markt event that completely changes the dynamico of the markt. But I leave the lines there because the provide good reference points for support and resistance. Is it still possible??....yes Is is likley??....no

Therefore, one should watch closely the top of the Downtrendline for that (with Symphonie BUY Signal) will be the sign of retracement time of this large move down.

Best of pips to all.

Evaluator.:nerd:

P.S. My guess?? Price action bounces back to at a min. 1.30700 to close gap then drops for the next leg down.
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 282.jpg Size: 208 KB
  • #13,249
  • Jun 4, 2012 5:15am Jun 4, 2012 5:15am
Quoting Evaluator
As time moves past last weeks NFP that caused a surprise rally in the EURUSD what should one take away form that rally?? Could this be a small retracement before the Greek Elections push the Euro down further? Or will the Central Banks of the world once again provide stimulus (i.e. USA Central Bank) provide another round of money printing push markts higher?

The answer...is only the markt knows. However, that being said it is important to look at chart fundamentals as they are beginning to show us a pictrure of opportunities. First we have...
I somehow forgot about that gap
.... laughing all the way to the bank
  • #13,250
  • Edited 5:56am Jun 4, 2012 5:43am | Edited 5:56am
Quoting Evaluator
What does this mean? It means that we have all the making of a reversal or strong retracement before the next leg down.
Looking at the daily chart it's certainly possible that a reversal is on the cards, but this may be nothing more than a retracement to allow the bears to regroup for the next push down, as you say.

Now if you look at the weekly chart, you can see that the PA is bouncing off the levels that caused complete reversals in the past, so this level is very strong and a bounce here is expected.

If this level does capitulate, you can see where the next support level is....we were there about this time in 2010. If not, then a reversal may occur

You can see that the stochastic is still very bearish and really, there is nothing to indicate that this is anything more that a standard retracement, at this stage.

This is pure price action.....very easy to understand.

Keep your eyes on Symphonie and let it show you which way to trade
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: euweekly.jpg Size: 321 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,251
  • Jun 4, 2012 8:12am Jun 4, 2012 8:12am
Hi everyone,
Just thought i would join the girls team. I have been reading this thread from day one, and hopefully have the gist of things. I have a week off work this week so am looking to demo trade and with good judgement i hope to make some beautiful music with symphonie (pips would be good too though)
  • #13,252
  • Jun 4, 2012 8:21am Jun 4, 2012 8:21am
When you enter a trade, do you require that all four pairs go at the same time, or will you enter one at a time, as long as they are heading in the same direction?
  • #13,253
  • Jun 4, 2012 8:35am Jun 4, 2012 8:35am
Quoting yelena
ofcourse if I have AU, GU EU and EJ are there, and they all have matured at 20 pips each

113+60=173 pips. closed shop. see you tomorrow.
Ok.....but please don't be so greedy tomorrow......leave a few pips for the rest of us!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,254
  • Jun 4, 2012 8:37am Jun 4, 2012 8:37am
Quoting yelena
ofcourse if I have AU, GU EU and EJ are there, and they all have matured at 20 pips each

113+60=173 pips. closed shop. see you tomorrow.

so again, i have not learned my lesson, the price took off without me. that's strike #1 this week.... 2 more...



same time entry. but 9/10 the pairs signals one after the other. except if you have some extreme news.
Hi Yelena, my understanding after reading your posts, is that you are after 80 pips per day? 20 per pair, so looks like you did more than that today - what is the lesson you are referring to?
  • #13,255
  • Jun 4, 2012 8:48am Jun 4, 2012 8:48am
Hi,
Does anyone use this system on a H4 TF? Have you been able to see any profitable outcomes?
  • #13,256
  • Jun 4, 2012 8:54am Jun 4, 2012 8:54am
Quoting SoniPipster
Hi,
Does anyone use this system on a H4 TF? Have you been able to see any profitable outcomes?
I don't know anyone who does use this system on the H4, but, just looking at the charts I see no reason why it wouldn't work just fine
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,257
  • Jun 4, 2012 10:22am Jun 4, 2012 10:22am
Quoting realjumper
I don't know anyone who does use this system on the H4, but, just looking at the charts I see no reason why it wouldn't work just fine
I use Symphonie on the 4H charts.

Expect much less trades, last week I had 7 trades for the whole week.
560pips with a ratio of Risked 1 - 5 Reward

SL is anywhere between 30 pips to a maximum of 75.
  • #13,258
  • Jun 4, 2012 1:34pm Jun 4, 2012 1:34pm
Quoting Krypty
I use Symphonie on the 4H charts.

Expect much less trades, last week I had 7 trades for the whole week.
560pips with a ratio of Risked 1 - 5 Reward

SL is anywhere between 30 pips to a maximum of 75.
Thats a pretty close sl! U had much luck before last week? I'm also keen on 4h, much less stressful!
  • #13,259
  • Jun 4, 2012 2:50pm Jun 4, 2012 2:50pm
Quoting twonny
Thats a pretty close sl! U had much luck before last week? I'm also keen on 4h, much less stressful!
I cannot really comment as I have only been testing the Symphonie system for the last half month, but I have a steady growth in which I am happy.

From the 27 trades I took the winning ratio is only 44% as forward testing (limit my trades to a max of 0.5% per trade) is still ongoing but as you can see with proper money management you can still grow your account.

If I look at all the trades my biggest loser was 60pips and the biggest winner 380pips (Let those winners run)

When I am big I will do good like the masters in the thread.
Attached Image
  • #13,260
  • Jun 4, 2012 3:09pm Jun 4, 2012 3:09pm
Quoting Krypty
I cannot really comment as I have only been testing the Symphonie system for the last half month, but I have a steady growth in which I am happy.

From the 27 trades I took the winning ratio is only 44% as forward testing (limit my trades to a max of 0.5% per trade) is still ongoing but as you can see with proper money management you can still grow your account.

If I look at all the trades my biggest loser was 60pips and the biggest winner 380pips (Let those winners run)

When I am big I will do good like the masters in the thread.
well done Krypty.

I admit I was interested to see if anyone was trading 4h charts here. I like to trade in a higher frequence for quicker growth of my account, so for me it's only 1h charts and below. But yes, 4H are much less stressful, I might try it soon.

what's your average winner in pips?

take care!
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