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Symphonie Trader System

  • #13,821
  • Jun 21, 2012 1:30pm Jun 21, 2012 1:30pm
Quoting Evaluator
Matrix8756,

Absolutely, in the 60 min chart one holds positions for days and sometime weeks..... It all depends on the strength of the signals and trend. The longest I have held a 60 min signal was 27 days and made 1200 pips.

That is the exception not the normal. I would say holding positions for days is not uncommon for trading the 60 min chart.

Evaluator.:nerd:
Thanks
  • #13,822
  • Jun 21, 2012 1:35pm Jun 21, 2012 1:35pm
Quoting dafox1
1200?? money!!! lol but that's awesome!

Yes....I would say generally once price ation moves 500 pips there is normally a pullback on the 60 min chart so making 500 pips plays on the 60 min chart is not uncommon. But remember these are medium to longer term trades that will last much longer than a day or even a week.

For example look at the screenshot in my post #13817 some of those moves are 200+ pips long but take days to develop.

Evaluator.:nerd:
  • #13,823
  • Jun 21, 2012 2:00pm Jun 21, 2012 2:00pm
Quoting Evaluator
Yes....I would say generally once price ation moves 500 pips there is normally a pullback on the 60 min chart so making 500 pips plays on the 60 min chart is not uncommon. But remember these are medium to longer term trades that will last much longer than a day or even a week.

For example look at the screenshot in my post #13817 some of those moves are 200+ pips long but take days to develop.

Evaluator.:nerd:
yeah, I see that... I work odd shifts each week, so many times, I can't trade during the day (12 hr shifts), so I'm looking at this system on bigger tf's too like the daily.

I'll keep developing my own strategy for trading with the system bc it works so good.
  • #13,824
  • Jun 21, 2012 2:25pm Jun 21, 2012 2:25pm
Quoting dafox1
yeah, I see that... I work odd shifts each week, so many times, I can't trade during the day (12 hr shifts), so I'm looking at this system on bigger tf's too like the daily.

I'll keep developing my own strategy for trading with the system bc it works so good.

May I suggest tactical trading...trade only the markt opening times or look for signals at markt open times....start with Frankfurt then London then New York so your total time in the markt is maybe 3 hours then once you have 30 pips profit you move stoploss to profit and forget about it until next opening bells the next day.

You may have to be aware at an odd hour but it would only be for a hour at markt open time then one is not in front of your computer all the time....

Just a suggestion.

Evaluator.:nerd:
  • #13,825
  • Edited 2:51pm Jun 21, 2012 2:29pm | Edited 2:51pm
Quoting Matrix8756
Surely Symphonie is a great system, but obviously not foolproof.
At 16:57 I take a Symphonie had long since all indicators BLUE (now no longer visible because it repaints). So I took the stop and peace.
However, confirm the excellent system but we must pay attention to repaint.
Congratulations to all alla prossima.

Giancarlo
Which currency did you take it on? Also, 16:57 doesn't tell us much as a lot of brokers are different timezones, a chart would be helpful. Also, the TVI (top line of the matrix) does not repaint once the bar is closed, you have also got the choice of putting the non repainting version of the trendline on the chart. That gives you 2 of the most important indicators on there that do not repaint. Put the nrp version of the trendline on your chart and then look where you took the trade and see if the trendline closed blue or not.
  • #13,826
  • Jun 21, 2012 2:31pm Jun 21, 2012 2:31pm
Quoting Forex37
Thanks for your quick reply. I also wonder what others think, if they ever tried. I remember somebody visually testing 3 tfs. But haven`t noticed anybody trading H1 or H4.

Regards

Forex37
Look back at my posts a couple of months ago, I trade the H1 timeframe all the time as well as the M5 and sometimes M15.
  • #13,827
  • Jun 21, 2012 3:09pm Jun 21, 2012 3:09pm
Quoting ohammond
Which currency did you take it on? Also, 16:57 doesn't tell us much as a lot of brokers are different timezones, a chart would be helpful. Also, the TVI (top line of the matrix) does not repaint once the bar is closed, you have also got the choice of putting the non repainting version of the trendline on the chart. That gives you 2 of the most important indicators on there that do not repaint. Put the nrp version of the trendline on your chart and then look where you took the trade and see if the trendline closed blue or not.
You're right, sorry.
I'm in Italy, therefore, should be GMT +2.
I attach the image trade. As I said now everything is repainted but not the TVI.
You can see the vertical red line is the entry point.
The matrix used should be the correct one.
If you have any advice for me, I thank you in advance.

Hello

Giancarlo

P.S.
I put the Trendline on the chart and was red instead of blue, so I would save the trade.
I never thought, I thought it was sufficient to use Matrix.
Still graxie.

If you have any other advice I'm happy to read it.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 5min SL.jpg Size: 286 KB
  • #13,828
  • Jun 21, 2012 3:58pm Jun 21, 2012 3:58pm
Hi Evaluator!
I want to code the System to Symphonies in trade robot. What you has a considerations on cause of the choice indicators?
On the first place - a Symphony Matrix! That all well worked, it is necessary to get the signals of the input and output on base indicator.
  • #13,829
  • Jun 21, 2012 4:13pm Jun 21, 2012 4:13pm
Effectiveness of Austerity in Europe (Portfolio)
  • #13,830
  • Jun 21, 2012 6:03pm Jun 21, 2012 6:03pm
Quoting a222a
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
The entry is fine.....instead on the 'V' bottom, that I just finished explaining here, you have an 'upside down V' top!! Same rules apply
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,831
  • Jun 21, 2012 6:09pm Jun 21, 2012 6:09pm
Quoting Evaluator
Blah....Blah....Blah.....
Shuddup already!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,832
  • Jun 21, 2012 6:23pm Jun 21, 2012 6:23pm
Quoting Matrix8756
You're right, sorry.
I'm in Italy, therefore, should be GMT +2.
I attach the image trade. As I said now everything is repainted but not the TVI.
You can see the vertical red line is the entry point.
The matrix used should be the correct one.
If you have any advice for me, I thank you in advance.

Hello

Giancarlo

P.S.
I put the Trendline on the chart and was red instead of blue, so I would save the trade.
I never thought, I thought it was sufficient to use Matrix.
Still graxie.

If you have any other advice I'm happy to read it.
Firstly, it was a strong downtrend, you can tell that by the angle of the ma when you took the trade, so the first thing to do is look for a stronger reason than "the matrix was all blue" to go into the trade, your money is at stake and even if you are on demo, treat it like its your hard earned money.

Secondly, save yourself a lot of heartache and put the non repainting version of the trendline on the chart, especially at the beginning so you can be sure the trendline has actually turned blue. The emotion and sentiment will repaint if its a good trade to look like you should have gone in earlier and repaint if its bad to show you shouldn't have gone in at all, so for the moment concentrate on the tvi and trendline. The tvi doesn't repaint at all once the bar is closed. The trendline in the matrix will sometimes paint 2 bars at once so if you glance at the chart you could think it had already closed the right colour only to find if price turns the other way both bars will repaint. If you have the non repainting version of the trendline on the chart its easier to spot.

Lastly, always always always refresh your chart just before putting in the trade to make sure everything right still.
  • #13,833
  • Jun 21, 2012 8:43pm Jun 21, 2012 8:43pm
Hi all Symphonie Traders,

Many thanks to all who have contributed to the system.
I am new to this forum and came across this system last week.
It's a great system!!!

But I have one question on the entry part, do you all enter once you see 4 blues (or reds) or you wait for the candle to close and enter on the next candle? Because sometimes when you enter when there are 4 blues, the price came down and one of the blue become red make it an invalid signal in the end.

Sorry if the question has been answered previously.

Cheers,
Bny
  • #13,834
  • Jun 21, 2012 10:33pm Jun 21, 2012 10:33pm
Quoting bny
But I have one question on the entry part, do you all enter once you see 4 blues (or reds) or you wait for the candle to close and enter on the next candle? Because sometimes when you enter when there are 4 blues, the price came down and one of the blue become red make it an invalid signal in the end.
Well, it might differ from people to people but really comes down where and when do I see the signal. Is there a chart formation (double-top/bottom etc) sto divergence, pivot level, strong horizontal support or resistance levels confirming my view / signal ? Is this happening during london/ny higher volume times? If the answer is yes to some / all of the above... I usually shoot first and ask questions later

Entering a trade is easy, exiting is much-much harder thing to master. If for any reason I'm not comfortable with the situation A, do not open trade B, check on higher frame + wait a few candles

My point would be that the system still requires you to think and use your experience you gain day by day... and that is a very good thing actually
  • #13,835
  • Jun 21, 2012 10:58pm Jun 21, 2012 10:58pm
With Wednesday USA Central Bank decision we have a strong drop in EURUSD that breaks a trendline of the uptrend that begin on 1 Jun. It also forms a perfekt abc corrective wave triangle that screams to me that the corrective wave is complete and the 5th or final push of the overall downtrend is about to contunue its fall.

I sold EURUSD at 1.27050 (60 min Symphonie Signal) and look to hold until the the end of this next drop. Initial target puts the this current drop in the 1.21500 to (if an extended wave v) 1.18000 range....

Then I look for a retracement EURUSD rally back to the 1.26000 to 1.26500 area (wave 4) before the last and final drop to the 1.14 area (wave 5).....

However........if this is infact a larger corrective wave and this current is the final C wave of a larger ABC triangle then 1.21500 could be the bottom of a larger future rally in the EURUSD that could reach as high at 1.36000+.

But that will be or another time....right now one should concern with the immediate and that will be a possible 500+ pip drop in the EURUSD...In all cases I look for the EURUSD to drop over the next 20 to 30 days from the price level from today.

For me I will let Symphonie call the turns and take the trades as the Symphonie Signals tell me....

Evaluator.:nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 290.jpg Size: 123 KB
  • #13,836
  • Jun 21, 2012 11:21pm Jun 21, 2012 11:21pm
[quote=Evaluator;5782883]With Wednesday USA Central Bank decision we have a strong drop in EURUSD that breaks a trendline of the uptrend that begin on 1 Jun. It also forms a perfekt abc corrective wave triangle that screams to me that the corrective wave is complete and the 5th or final push of the overall downtrend is about to contunue ...

There is still a gap at 1.3xxx, when do you see that filled or should it be ignored?
Vandag is die dag.....
  • #13,837
  • Jun 21, 2012 11:49pm Jun 21, 2012 11:49pm
Quoting realjumper
The entry is fine.....instead on the 'V' bottom, that I just finished explaining here, you have an 'upside down V' top!! Same rules apply
I get it, thanks a lot.
  • #13,838
  • Jun 21, 2012 11:51pm Jun 21, 2012 11:51pm
[quote=Leokira;5782916]
Quoting Evaluator
With Wednesday USA Central Bank decision we have a strong drop in EURUSD that breaks a trendline of the uptrend that begin on 1 Jun. It also forms a perfekt abc corrective wave triangle that screams to me that the corrective wave is complete and the 5th or final push of the overall downtrend is about to contunue ...

There is still a gap at 1.3xxx, when do you see that filled or should it be ignored?
Personal opinion...somehow i don't pay any attention to gaps of all sorts!

Reason being the gaps you see in your trading platform are for retail speculators or gamblers like you and me. Even when the official business hours of banks and financial institutions are closed, currencies are still traded without you and me knowing. Gaps just indicates that over the weekends big deals are done and you and me may or may not get slaughter...

Just my two mini cents of thoughts...

Please ride the trend down

P.S. It looks like big move is coming...the calm before another storm...
福 子 Victor V
  • #13,839
  • Jun 22, 2012 12:23am Jun 22, 2012 12:23am
Quoting ohammond
Firstly, it was a strong downtrend, you can tell that by the angle of the ma when you took the trade, so the first thing to do is look for a stronger reason than "the matrix was all blue" to go into the trade, your money is at stake and even if you are on demo, treat it like its your hard earned money.

Secondly, save yourself a lot of heartache and put the non repainting version of the trendline on the chart, especially at the beginning so you can be sure the trendline has actually turned blue. The emotion and sentiment will repaint if its...
Hello.
Thanks again for your advice that will put into practice immediately.
I have already applied the indicators as you said.

Hello

Giancarlo
  • #13,840
  • Jun 22, 2012 12:27am Jun 22, 2012 12:27am
Quoting Evaluator
Any timeframe you wish.

But I look for signals in 60 min and make my entries in the 5 min timeframe. Because one get better entry price and avoid the pullbacks that often occur at the time of Symphonie Signal in 5 min. (see screenshot)

Evaluator.:nerd:
Hi Evaluator

Signals in 60m and entries in 5m..... but what about the exit strategy?

"SPECIAL EXCEPTION to Exit Strategy This exception applies to all Exit Strategies and supersedes them. When a trade produces an Extreme Spikes before reaching 30 pips....,EXIT THE TRADE IMMEDIATELY."

I take the exit strategy in 5m so these weeks I have lots of negative stops

but u mentioned the trade could be hold for days, so I guess it is consider in hr TF?


thanks !!!
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