Symphonie Trader System | Page 690 | 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

  • #13,781
  • Jun 21, 2012 6:10am Jun 21, 2012 6:10am
Quoting grechmar
Tkx a lot for your help. I entered the gu trade since there were a spike(repainted) and all 4 were red however stoch was in rise not fall so i waited until it was on a fall and entered.
Regarding tvi_v2 although i already have it i do not quite understand it(100's of posts poped up when searching for it). I do not understand why waves are drawn half blue half red both above 0 and below? what does it mean?
Besides this did you ditch both extreme cycle indikator and extreme cycle ndikator 2?

Btw, if u ve got the time, can you upload an ss of a perfect...
Here is a trade that I took a while ago, but it illustrates a good, high probability trade.....and here's another one. Any trades that are marginal, I let pass.....I'm only interested in the high probability trades.

With the Matrix you have on your charts, the top row, that is marked 'Extr'.....that is powered by TVi. TVi does not need to be on your charts.....just needs to be in your indicators folder. The Matrix knows where TVi lives and it gets the info from there.

So just delete that spike indi from your chart, you don't need it.

You will see on my charts that my top row of Matrix is marked as TVI rather than Extr, but it's just a name.......your top row and mine are both powered by TVi_V2
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,782
  • Jun 21, 2012 6:16am Jun 21, 2012 6:16am
Quoting realjumper
Here is a trade that I took a while ago, but it illustrates a good, high probability trade.....and here's another one. Any trades that are marginal, I let pass.....I'm only interested in the high probability trades.

With the Matrix you have on your charts, the top row, that is marked 'Extr'.....that is powered by TVi. TVi does not need to be on your charts.....just needs to be in your...
Ok, tkx a lot for your help. Did you exit the trade u psoted an reentered when tvi became red again? And these last few days there were very few high probabulity trades or am i mistaken?(excludng news)
  • #13,783
  • Jun 21, 2012 6:23am Jun 21, 2012 6:23am
Grechmar, another difference I see is your stochastic settings. The Stochastic that RJ references has settings of 11, 3, 3 not 5, 3, 3.
  • #13,784
  • Jun 21, 2012 6:28am Jun 21, 2012 6:28am
Quoting grechmar
Ok, tkx a lot for your help. Did you exit the trade u psoted an reentered when tvi became red again? And these last few days there were very few high probabulity trades or am i mistaken?(excludng news)
I can't quite recall how I dealt with that trade......I think I did exit and re-enter.....or I might have kept the trade and entered another one as well. Can't remember now.

Yes, there hasn't been too may opportunities for high probability trades this week, but there has been at least one every day from one or more of the pairs that I watch.....and that's all we need. I'd rather have an 85% chance of winning the trade than a 40% chance of losing a trade!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,785
  • Jun 21, 2012 6:29am Jun 21, 2012 6:29am
Quoting Cody_R
Grechmar, another difference I see is your stochastic settings. The Stochastic that RJ references has settings of 11, 3, 3 not 5, 3, 3.
Well spotted.....thanks.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,786
  • Jun 21, 2012 6:49am Jun 21, 2012 6:49am
I'm going to try and clear up some confusion that I see creeping in regarding stochastic, and what is a good entry or not.

See on the chart I posted how the bear run down suddenly reversed as it touched the pivot? It was a classic rejection .....or bounce, from the pivot. After such a drop and sudden reversal, we get the 'V' shape reversal, which is quite common and quite reliable. However, with such a sudden reversal, all indicators will be late.......because all indicators are lagging indicators. So you see that by the time Symphonie catches up with current events, Stoch appears to be too high to be worthy of a trade entry.......but it's not too high.....it's fine......because, only 6 candles ago, the reversal was triggered while the stoch was deep in oversold territory. So the new bull run began with the stoch in perfect position, The fact the Symphonie was slower that Stoch to catch up with current events is just too bad for us.....but the Symphonie signal is a good one, as is the stoch confirmation. Place the trade and put the SL under the 'V', and there is a very good chance that the trade will work.

Now......if the PA had been aimlessly wandering across the page and the stoch was that high, I wouldn't consider entering the trade.

That's the difference......what you see on this chart (M5 EJ) was a sudden reversal.....a lot different from 'wandering across the page' PA
Attached Image
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,787
  • Jun 21, 2012 6:58am Jun 21, 2012 6:58am
Many thanks RJ. Such an informative piece
  • #13,788
  • Jun 21, 2012 7:08am Jun 21, 2012 7:08am
Quoting tomisho
Many thanks RJ. Such an informative piece
No problem.....hope it helps
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,789
  • Jun 21, 2012 7:29am Jun 21, 2012 7:29am
Quoting realjumper
I'm going to try and clear up some confusion that I see creeping in regarding stochastic, and what is a good entry or not.

I would like to thank you RJ.
  • #13,790
  • Jun 21, 2012 7:35am Jun 21, 2012 7:35am
Quoting Mini Trader
I would like to thank you RJ.
You're welcome
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,791
  • Jun 21, 2012 7:47am Jun 21, 2012 7:47am
Thanks RJ,

so it would also be helpful to use the RSI - to check on oversold and overbought market properties?!
  • #13,792
  • Jun 21, 2012 7:50am Jun 21, 2012 7:50am
Quoting Faramirsen
Thanks RJ,

so it would also be helpful to use the RSI - to check on oversold and overbought market properties?!
If you prefer to use RSI, that fine. Probably no point in using both though. I just prefer Stoch because that was what I was taught.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,793
  • Jun 21, 2012 8:27am Jun 21, 2012 8:27am
Quoting realjumper
I can't quite recall how I dealt with that trade......I think I did exit and re-enter.....or I might have kept the trade and entered another one as well. Can't remember now.

Yes, there hasn't been too may opportunities for high probability trades this week, but there has been at least one every day from one or more of the pairs that I watch.....and that's all we need. I'd rather have an 85% chance of winning the trade than a 40% chance of losing a trade!!
You have been very helpful! If its not a problem, ill continue posting my trades so can confirm them with you and all other having probs. Another question i have is whether you consider daily pivot superior to S1/s2 r1/r2 for the day meaning PA is more likely to bounce off DPV and less likely to break DPV(on 1st and 2nd try) than it is likely for PA to break S1/r1 s2/r2 ?

You have been of much help, tkx.
  • #13,794
  • Jun 21, 2012 8:38am Jun 21, 2012 8:38am
Quoting grechmar
You have been very helpful! If its not a problem, ill continue posting my trades so can confirm them with you and all other having probs. Another question i have is whether you consider daily pivot superior to S1/s2 r1/r2 for the day meaning PA is more likely to bounce off DPV and less likely to break DPV(on 1st and 2nd try) than it is likely for PA to break S1/r1 s2/r2 ?

You have been of much help, tkx.
The 'rule of thumb' suggests that if the market opens the day above the DP, then the day will be bullish and the DP should provide support. If the market opens below the DP, then the day will be bearish and the DP should provide resistance. It doesn't always pan out that way, but it often does, so it's worth remembering as the PA nears the DP.

R1, R2, R3 and S1, S2 and S3 are just support and resistance lines, and very often they do their job very well indeed.......so it's worth remembering that too as the PA nears those s/r levels. The same is true for round numbers and historic s/r levels.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,795
  • Jun 21, 2012 9:27am Jun 21, 2012 9:27am
Quoting realjumper
R1, R2, R3 and S1, S2 and S3 are just support and resistance lines, and very often they do their job very well indeed.......so it's worth remembering that too as the PA nears those s/r levels. The same is true for round numbers and historic s/r levels.
In reference to that, here is a good example of pivot functionality. This just looks so great it's almost not true haha
Attached Image (click to enlarge)
Click to Enlarge Name: pivot.jpg Size: 139 KB
  • #13,796
  • Jun 21, 2012 9:30am Jun 21, 2012 9:30am
Quoting grechmar
This is another one, gu trade this time. I waited for sto to rise back then entered on the fall, ahd to close at -15pips + spread later.

Attachment

grechmar,

If you had sold at the red vertical line as you indikate then at a min. you should have obey ''30 pip rule'' (see post#1) moved your stoploss to +3 pip and then you would at a min. only gain 3 pips and not loss of 15 pips.

Remember if you enter markt and you have a move of more than 30 pips you are to immediately move the Stoploss to +3 pips infront of your order before you have exit signal. That way at a min if markt move against then you have always winning trade never loss one.

Evaluator.:nerd:
  • #13,797
  • Jun 21, 2012 9:30am Jun 21, 2012 9:30am
Quoting realjumper
OMG Kojak.......I never noticed.....goh......I must talk too much!!!!

Blah....Blah....Blah.....
  • #13,798
  • Jun 21, 2012 9:38am Jun 21, 2012 9:38am
I see that many people are caught up in the entry signals to Symphonie but there is another part other than entry and exit and that is the Money Management section that many people tend to overlook when using the Symphonie Strategy.

Things like the 30 pips rule, ARS, and Markt Pattern Recognition are just as important to Symphonie as the Indikators and entry and exit signals.

These components complete the entire Symphonie System and should never be discounted because they are the parts that keep your account growing and protect your account from loss or margin call.

Do not discount these parts of Symphonie because they are important to your development into a consistantly successful trader.

Evaluator.:nerd:
  • #13,799
  • Jun 21, 2012 9:51am Jun 21, 2012 9:51am
At the beginning I would like to thank all active participants in a forum through which developing as a good system. Especially Eval for creat this system.

realjumper question (I read your PDF - explained to me very much). How to interpret this point of entry and whether you think he is good at such a low level Stoch?

Regards
Attached Image
  • #13,800
  • Jun 21, 2012 10:09am Jun 21, 2012 10:09am
[quote]
Quoting Evaluator
grechmar,

If you had sold at the red vertical line as you indikate then at a min. you should have obey ''30 pip rule'' (see post#1) moved your stoploss to +3 pip and then you would at a min. only gain 3 pips and not loss of 15 pips.

Eval, was right that was what i did, i sold in that move down after about 20pips i locked in +3pip, but it came back and hit my BE out, but at the end i never loos the trade but gain +3pips
Attached Image (click to enlarge)
Click to Enlarge Name: june 21 T14 05.PNG Size: 254 KB
10 traders viewing now