Symphonie Trader System | Page 678 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Ci/symphonie extreme similarity explained! 144 replies

Symphonie/Cobra Hybrid System 4 replies

Symphonie trader or Genesis matrix 1 reply

Symphonie Trader System EA 73 replies

Yet another set of Symphonie Indicators 241 replies

Attachments: Symphonie Trader System
Exit Attachments

Symphonie Trader System

  • #13,541
  • Jun 11, 2012 10:00am Jun 11, 2012 10:00am
Markt had a huge surge over the asian session with the news that Spain will recieve 125 billion in Bailout funds creating a 100 pip gap open....So we know that the ECB will backstop Spain to protect the EZ. This proved to have overnight confidence but that confidence is faultering as the EURUSD slides back to the pre new markt close of last Friday at 1.25000.

However, the nature of a markt does not like gaps and it is their nature to fill the gaps......Threfore, if there is confidence restored I will look to buy EURUSD at next Symphonie Signal now that the opening gap has filled.

Evaluator.:nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 286.jpg Size: 151 KB
  • #13,542
  • Jun 11, 2012 10:02am Jun 11, 2012 10:02am
Hi Evaluator

could you please share your pivot indie that marks the levels only on the right side of the chart?

thanks
  • #13,543
  • Jun 11, 2012 10:16am Jun 11, 2012 10:16am
Quoting munirpt
Hi Evaluator

could you please share your pivot indie that marks the levels only on the right side of the chart?

thanks

>See post #13393
  • #13,544
  • Jun 11, 2012 10:22am Jun 11, 2012 10:22am
Quoting Evaluator
>See post #13393
thanks
  • #13,545
  • Jun 11, 2012 11:10am Jun 11, 2012 11:10am
When we enter the trade?
When 14:00, Matrix give me to buy signal. But when it end a next candle. Change 1 red-3 blue to 3 red- 1 blue
Can you give me an advise?
  • #13,546
  • Jun 11, 2012 12:53pm Jun 11, 2012 12:53pm
Quoting tehnobyte
Here are today trade examples on eu M5( i did not take all of them) but again no loss
half closed at 50% of s/r grey zone and other half at tvi exit(gold vertical line)
Hallo tehnobyte,
is it possible to give me the template you use? It would be very helpfull for me!!!!!!!!!!

Tanks
ForexAs
  • #13,547
  • Jun 11, 2012 2:14pm Jun 11, 2012 2:14pm
Hi RJ,

today I took this trade long (vertical red line = entry point).

Entry Rules:
1) Price closes over the trendline for long entries.
2) 4 amigos blue
3) Stoch crossover and over 20 (red/orange lines)

Could you kindly comment this trade? did I do a mistake or is this just part of the game?

Thank you in advance.

ciao

Roberto
Attached Image (click to enlarge)
Click to Enlarge Name: Loss.jpg Size: 86 KB
You control how you trade; the market controls how and when you'll get paid
  • #13,548
  • Jun 11, 2012 2:22pm Jun 11, 2012 2:22pm
Quoting wiz3003
Hi RJ,

today I took this trade long (vertical red line = entry point).

Entry Rules:
1) Price closes over the trendline for long entries.
2) 4 amigos blue
3) Stoch crossover and over 20 (red/orange lines)

Could you kindly comment this trade? did I do a mistake or is this just part of the game?

Thank you in advance.

ciao

Roberto
On my Chart i have NO up arrow for buy.

so i think you trade was not with the rules.
just my trough
Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 57 KB
  • #13,549
  • Jun 11, 2012 2:32pm Jun 11, 2012 2:32pm
Quoting Fame of me
On my Chart i have NO up arrow for buy.

so i think you trade was not with the rules.
just my trough
You don't need to wait for the up arrow to take the trade.
  • #13,550
  • Jun 11, 2012 2:49pm Jun 11, 2012 2:49pm
Quoting ohammond
You don't need to wait for the up arrow to take the trade.
Sorry, i trade like this from rj pdf

Quote
I must see 4 blues for a long trade, or 4 reds for a short trade…and…I must see the Stochastic rising from the 20 line or less for longs or falling from the 80 line or higher for shorts (this rule could be from 3 or 4 candles in the past, rather than at the moment of trade entry, as we shall see) …and…I must see the candles above the Yellow SMA for longs, or below the Yellow SMA for shorts…and…in a perfect world, I want to see the arrow.

I like perfect world

Maybe it work not in m15 i trade just m5
  • #13,551
  • Jun 11, 2012 2:56pm Jun 11, 2012 2:56pm
Quoting Fame of me
Sorry, i trade like this from rj pdf



I like perfect world

Maybe it work not in m15 i trade just m5
Thats all well and good but RJ himself will tell you, if the trade is there he doesn't wait for the arrow....he likes to see it appear soon after the trade but he does not wait for it. Look at your own image, the arrow appears a couple of bars further on, would you take the trade then?
  • #13,552
  • Jun 11, 2012 2:57pm Jun 11, 2012 2:57pm
Quoting ohammond
Thats all well and good but RJ himself will tell you, if the trade is there he doesn't wait for the arrow....he likes to see it appear soon after the trade but he does not wait for it. Look at your own image, the arrow appears a couple of bars further on, would you take the trade then?
No the matrix is not in row ;-)

for me it works fine in m5 when i wait for the arrow.
  • #13,553
  • Jun 11, 2012 3:01pm Jun 11, 2012 3:01pm
Quoting Fame of me
No the matrix is not in row ;-)
Yes it was at the time.
  • #13,554
  • Jun 11, 2012 3:55pm Jun 11, 2012 3:55pm
It appears that this weekends bailout rescue of the Spainisch banking system is not as well recieved as initially though as indikation of a 100 pips open gap from the Asian open was totally retraced and the EURUSD is now stuck at the Friday close area of 1.25000.

Looking at it from a technical view we see a classic test and rejection of the support turned resistance line of the expanding triangle that has become the bottom of a large downchannel from Feb 2012 from a monthly perspective. This points to the next move on the EURUSD to be on to the downside. Also, we have a fast rise in the Stochastics that appears to be turning downward as a spike and not a smooth transision as is normal with Stochastics.

However, because the daily downtrend channel has been breached and the Gap Down open from 3 week ago still remains open and unclosed so this week will be the tell all for the overall direction of the EURUSD.

If you look at it from a Symphonie aspect we almost have a Symphonie BUY Signal on the daily but the 60 min and 240 min are now pointing downward with a Symphonie SELL Signal on the 60 min that formed at markt open today and the 240 min is tell us that extreme has been reached and a top is forming and the trendline has changed from blue to red indikating a drop in EURUSD will come soon.

From an Elliott wave perspective we could have a corective rally wave forming that has come to an end which also points to a down move as the next 5th wave complete that will push the price of the EURUSD to 1.14 area.

So, where will it go??? Rally or Fall?? I think the asnwer to the next 60 days of EURUSD movement will be decided this week. Watch your signals closely as these turns maybe fast and strong.

If the move is going to be up then watch the 1.25500 level for a break and close above that price...this will point to rallies still to come in the EURUSD.

If the price action drops below 1.24000 then the direction will be further droping the inthe EURUSD as the corrective wave has ended and the Bear take full charge and drop the EURUSD off a cliff.

Either way will be a roller coaster ride.....keep your stops close and watch for the changes.

Evaluator.:nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 287.jpg Size: 192 KB
  • #13,555
  • Jun 11, 2012 4:16pm Jun 11, 2012 4:16pm
Quoting wiz3003
Hi RJ,

today I took this trade long (vertical red line = entry point).

Entry Rules:
1) Price closes over the trendline for long entries.
2) 4 amigos blue
3) Stoch crossover and over 20 (red/orange lines)

Could you kindly comment this trade? did I do a mistake or is this just part of the game?

Thank you in advance.

ciao

Roberto
Hello Roberto,
hope you don't mind if i share my thought about your trade. It will not be so accurate like RJ's one but here it is.
Entry rules were correct, but if you notice in my chart you will see a strong resistence area at that level. After your trade, the price went up 20 pips then it reached the resistence area @ 1,566 and it went down.

Today the price tried to break that resistence level 2 times before your long order, then it tried again after your entry and it was rejected once again.
It could be a reason; another one is that today there was a gap to be filled and bears simply sold there..

Thanks for your attention and happy day,

Luca.
Attached Image (click to enlarge)
Click to Enlarge Name: resistence area.gif Size: 41 KB
  • #13,556
  • Jun 11, 2012 5:03pm Jun 11, 2012 5:03pm
Thank you Luca,

few comments/thoughts waiting for RJ.

1) The bold arrow is the arrow indi: I added the second one to better spot my entry.
2) I didn't follow the arrow but just the entry rules.
3) You are right there was a resistence area but PA looked like to move north above MA and trendline

Let me add that following my rules and matrix after being stopped out reversed my trade coming out with a little loss.

green pips to everyone

ciao

Roberto
You control how you trade; the market controls how and when you'll get paid
  • #13,557
  • Jun 11, 2012 5:03pm Jun 11, 2012 5:03pm
Quoting wiz3003
Hi RJ,
did I do a mistake or is this just part of the game?
Hi Roberto,

This is the GBP/USD pair, no?

2 things...

1. The very end of the session (2 hours before NY close) is not a good time to trade. The traders have mostly finished their work and are having coffee reading the news, so there is limited market liquidity.

2. You bought into a bear trend of the day. The price has been falling pretty much all day.....from 1.5560 more or less. Don't buy into a bear market....iow....trade with the trend, not against it.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,558
  • Jun 11, 2012 5:18pm Jun 11, 2012 5:18pm
First of all thank you very much RJ for your availability.

Yes, it is the GBPUSD

I took the trade 2 hours before the London close and at this time I don't see a bear trend day (may be this is my issue). It looked like a range or a congestion phase even if the gap was still open.

My perception was that price was about to point north again
You control how you trade; the market controls how and when you'll get paid
  • #13,559
  • Jun 11, 2012 6:41pm Jun 11, 2012 6:41pm
Quoting wiz3003
First of all thank you very much RJ for your availability.

Yes, it is the GBPUSD

I took the trade 2 hours before the London close and at this time I don't see a bear trend day (may be this is my issue). It looked like a range or a congestion phase even if the gap was still open.

My perception was that price was about to point north again

Hi wiz,

I'm fairly new to trading too but try checking the next two larger time frames to spot trends.

Hope this helps and good luck trading!

So long,
steph
  • #13,560
  • Jun 12, 2012 5:00am Jun 12, 2012 5:00am
Quoting tehnobyte
Hey Tehnobyte,

Most probably it was asked a dozen of time from you already, let me make this dozen+1 sorry about it

Would you be so kind and share how to have that setup that shows other time frames on the right hand side of your screenie?

Thank you!
41 traders viewing now