Symphonie Trader System

It depends which timeframe you're looking at really. But you're right to be cautious, I'm not too convinced of this down move at the moment.

Hi,
I am currently trading different crosses using the simphonie system I came to now about in this forum.

it is good most of the times but I find it is tricky during range bound markets (yesterday was a good example).

I would like to request the experienced traders and gurus in this forum to kindly advice me of how they identify range bound
and trending markets as sometimes I am not able to do so myself and hence entering at the wrong time.

My trading style is very simple (I am trend follower), I use a couple of MA (tipically EMA 80 e SMA 200) to identify
the main direction and momentum supporting my analysis with Elliott in MTF charts; then I spot the entry with stoch and matrix as clearly explained to us by RJ.
My favoutite TF is H1 and M15.

My problem is that if I follow the matrix in range phases because the matrix is a little late to give the signal I enter just before the PA reverses
bouncing back and stopping me out.

I have already studied many different indis ADX, MA cross, MACD etc. but I would like to know if there are some simples rules to save my money in these periods ;-)

Theoretically I thought about these possible options:
1) reduce the timeframe in these periods (5M looks like good)
2) apply a different method in this period
3) not to trade at all
4) If the signal bar is very long (ATR > ???) wait for confirmation or retracement

The assumption of the first three option is ... I recognized the range phase !!

If could give me some ideas or guidelines or links where to study I would appreciate a lot.

thank you in advance

ciao

Roberto

p.s.: in the enclosed image an example : yesterday, London/NY session, EU, M15. Yellow numbers are the matrix signals. Just the #5 gave me some pips but not enough to cover the losses.

Hello All,
I'm relatively new to oscillators and divergence. I've been caught a few times in the past few weeks entering on 5m bullish divergence in a bear trend and vice versa. Do YOU use divergence only in ranges? Any comments welcome.
Thanks,
Kan

Here are trades till now, two losses, the last trade is ok i will go out other half at atr projetion line (blu line) or tvi exit which come first

Took the last one as well....
Trendlinebreak, indicator looks blue, stoch up, close above yellow line, exit looks reasonable = push the button for long.
Exit with 20 pip. And about 70 pip today. .)
We also had pretty good support at 15 min chart level 0,9960. This level has been both support AND resistance. Expect att bearish bounce now...
Time to rest....
Cu later..

ps i dont trade from metatrader, thats why there are no orders in chart..i only take signals from them and use my ordinary broker Fxcm.

Kojiak,

weren't you out in the sun ? Good job!

Yes but it was to hot so i went in again
tx mate...

Hi,

below my trades today.
Matrix is a very good trigger ;-)

Hi Wiz3003,

I have to say your chart looks busy but very informative with those small windows below. Really cool indeed. CPU usage must be high I guess if you have other charts open.

Well done, more green pips to you.

Hi Sharemaster2,

actually not so high.
Anyway these templates are not my standard one, I am testing simultaneously some indis to study how to spot prices ranges and congestions properly.

read my early post ;-)

ciao

Does anyone know what it means on the new signaler 1.9 beta when extreme has black boxes displayed?

http://puu.sh/AHug

1.8 works fine though. Would it be possible to have a copy of the mq4 of 1.8?

Also im not sure if this was intentionally done, but even if you set it to not visualize on certain TFs the pivot levels continue to appear. It seems asif it creates the lines and leaves them there. You can delete them, however they reappear once you go to a TF that the indicator is enabled on.

I now rate this system 4th in my strategies after a rigorous test.

Well done Evaluator , I might include you in my up[coming book- HOW I MADE 200k FROM £200 IN 12 MONTHS -

http://www.forexfactory.com/showthre...351907&page=19

That signaller uses the old extreme, which not many people on the thread use any more.

I do use divergence when there is a trend but I wouldn't just go on divergence alone, it would have to be at a support/resistance level and usually if its a strong trend, around the atr for the day.

Thanks Olivia.

Forgot to say, you are far better off if its a good strong trend, looking for hidden divergence which will usually get you back in on the trend, its usually safer that way.

EU H1

The bulls got turned around at 2600 again, but another attack might be on the way.....and if so, stoch is in a better position this time around.

Also, a hidden bullish divergence exists

Looks good RJ thanks for the info

A little bounce from S1, 15 MIN chart stoch is below, waiting for blue signal on 5 min. Hope we will reach DP...But as always, no signal/PA = no trade..Patience is important..

how do you trade in a ranging market like today, entered twice in the 15 min eurusd,all signals go, got burned,naturally you can see eurusd id ranging today after the fact, 5 min was not any better, any advise please