Symphonie Trader System | Page 694 | 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

  • #13,861
  • Edited 2:22pm Jun 24, 2012 12:34pm | Edited 2:22pm
Quoting realjumper
Can you explain what difference we should see on the charts please? Thank you
Please, graph.
Attached Image (click to enlarge)
Click to Enlarge Name: Snap_2012.06.24 23.20.56_001.png Size: 38 KB
  • #13,862
  • Jun 24, 2012 2:15pm Jun 24, 2012 2:15pm
ATTENTION ALL! Has Found if on graph of no windows indicators Symphonie_Sentiment_Indikator_v3.0 or SEFC Bulls-Bears, occurs record in journal " unknown number -1". These indicators search for on main graph themselves. If they themselves find - a record in journal is not produced. If proceeds call these indicator from EA, that they without fall must be on graph!!!
Note: If delete the lines 10 and 11, graph is of the form of WAVES and possible see, when is changed colour. Same comes of Bools-Bear (lines 11 and 12).
  • #13,863
  • Jun 25, 2012 12:53am Jun 25, 2012 12:53am
Looking at the markts for Monday it is pretty clear from last week that we have a upchannel break and retest attempt on Friday. This paints the way for the downtrend to continue as we now turn our target to the ending of the 3rd Wave at 1.21500 or potentially lower if the 5th wave becomes extended which is extremely possible that paints targets as low as 1.16.(possible but not likley.)

That being said we clearly see a double top reversal from last Monday top and drop and then the big reversal of last Thursday....Again, the focus should be on the downside as the USA Central Bank will only extend current operations which are almost entirely exhausted and Europe now faces new major Bank downgrades and further PIIGS problems.

I expect a full daily Symphonie ''Sell'' signal by close of markt today and look forward to further pushes to the downside until the ending play on the fib extensions at the above levels.

Best of Luck

Evaluator.:nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 293.jpg Size: 183 KB
  • #13,864
  • Jun 25, 2012 1:01am Jun 25, 2012 1:01am
Quoting genaja
This is mischief and part psychological warfare!

England and the United States historically have always worked against the Euro zone. And there are the big players with the Fed and the rating agencies go hand in hand.

Many experts attest to the euro zone better prospects than the U.S. or Japan.

see here:
http://translate.google.de/translate?sl=de&tl=en&js=n&prev=_t&hl=de&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.godmode-trader.de%2Fnachricht%2FVerteidigungsstrategie-der-EUR-Shortpositionen-geht-in-naechste-Runde%2Ca2860637%2Cb457.html

a...

genaja,

To some point I agree with you but there are serious structural problems with the Europa Banking regulations for the EZ zone that are dragging Europa down plus you have spend and spend politicians in the PIIGS nations that are extending the stress to the Europe system that all point to one thing that needs to be done in Europe and that is ................R E S E T.

Once this reset happens I look for a stronger Europe that will be the powerhouse of the world and the EURO as the replacement of the dolalr as the worlds supreme currency. However, Europe will need to experience this growing pain of Reset of the Banking and Financial and Political budgeting systems that restores confidence in the system.

Until that happens this will make the reset harder and more painful as the System will finally collapse and reset....the longer it is pushed out the longer and more painful the recovery.

Evaluator.:nerd:

P.S. The all manipulate their currencies...look at what Swiss SNB is doing with the 1.20 CHF to EURO floor. This will end up hurting their economy in the long run...Why? Because history is full of examples just like this that NEVER work out well.
  • #13,865
  • Jun 25, 2012 3:44am Jun 25, 2012 3:44am
Quoting Evaluator
P.S. The all manipulate their currencies...look at what Swiss SNB is doing with the 1.20 CHF to EURO floor. This will end up hurting their economy in the long run...Why? Because history is full of examples just like this that NEVER work out well.
Eval, I must say there is a flaw in this theory you laid out and it is the following:

If you are referring to 1992 when The Bank of England tried to do the same thing with the GBP the difference between now and then is that currently the Swiss national Bank is trying to prevent the CHF from revaluing while the BoE was trying to keep the GBP from devaluing. With that being said we have two totally different cases on our hands:
Case 1: In order to keep the GBP from devaluing the Bank of England was selling other currencies in exchange for pounds. However the foreign currency reserves are limited. Those attacking the GBP had and endless supply of British currency which they borrowed from the UK in order to buy other foreign currencies from the UK. This meant that it would be only a matter of time until the UK ran out of "fuel"... which ultimately happened (attachment 1).
Case 2: On the other hand the Swiss National bank is trying to to prevent the CHF from revaluing thus selling Swiss franks in exchange for foreign currency. This means that it has a limitless amount of "fuel" reserve because it can create a limitless amount of Swiss franks with which more foreign currency could and will be bought.

With that said I must conclude that it is only a matter of "if" the SNB decides to change its policy in order for something to change for the CHF.

K
Attached Image (click to enlarge)
Click to Enlarge Name: GBP 1992.jpg Size: 247 KB
A person is smart. People are dumb.
  • #13,866
  • Jun 25, 2012 4:10am Jun 25, 2012 4:10am
Quoting krisko1989
If you are referring to 1992 when The Bank of England tried to do the same thing with the GBP the difference between now and then is that currently the Swiss national Bank is trying to preven
I think he's probably referring to 2010 when the SNB lost a huge amount of money intervening in the market.....and when they stopped doing it, the market carried on as it was always going to do, and the SNB lost $13b in it's failed attempt to keep CHF low.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,867
  • Jun 25, 2012 4:44am Jun 25, 2012 4:44am
Quoting krisko1989
Eval, I must say there is a flaw in this theory you laid out and it is the following:

Case 2: On the other hand the Swiss National bank is trying to to prevent the CHF from revaluing thus selling Swiss franks in exchange for foreign currency. This means that it has a limitless amount of "fuel" reserve because it can create a limitless amount of Swiss franks with which more foreign currency could and will be bought.

With that said I must conclude that it is only a matter of "if" the SNB decides to change its policy in order for something...
In the meantime the SNB ends up with 10's or 100's of billions of Euros which are falling in value and will fall further when they are eventually sold. I think the only reason for this type of exercise is to make your wife richer. http://www.telegraph.co.uk/finance/n...untenable.html.

No one else seems to gain - in the end neither did she.
  • #13,868
  • Jun 25, 2012 4:46am Jun 25, 2012 4:46am
Took a short...
Trendline break, a close below the 63,00 area.
Symphonie signal, enter short one position when signal came, and took another short position on the retest of 62,95...
15 min chart is down.
Targeting 62,70 area....
Coffee time..
Attached Image
  • #13,869
  • Jun 25, 2012 4:59am Jun 25, 2012 4:59am
Quoting realjumper
I think he's probably referring to 2010 when the SNB lost a huge amount of money intervening in the market.....and when they stopped doing it, the market carried on as it was always going to do, and the SNB lost $13b in it's failed attempt to keep CHF low.....
Yes, but they changed the SNB's president back then(Philipp Hildebrand) and the new one (Thomas Jordan) is obviously approving the same policy. Maybe this is some food for thought...
A person is smart. People are dumb.
  • #13,870
  • Jun 25, 2012 5:03am Jun 25, 2012 5:03am
Quoting krisko1989
Yes, but they changed the SNB's president back then(Philipp Hildebrand) and the new one (Thomas Jordan) is obviously approving the same policy. Maybe this is some food for thought...
Doesn't really matter who's behind the wheel, the rocks still damage the ship when it hit's them!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,871
  • Jun 25, 2012 5:09am Jun 25, 2012 5:09am
I must say, grass grows faster here in California, than pip count on this short!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 26 KB
  • #13,872
  • Jun 25, 2012 5:27am Jun 25, 2012 5:27am
Quoting kojak
Took a short...
Trendline break, a close below the 63,00 area.
Symphonie signal, enter short one position when signal came, and took another short position on the retest of 62,95...
15 min chart is down.
Targeting 62,70 area....
Coffee time..
And out at 62,70 area
Two position..a good lunch symphonie trade i think
Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpy2.JPG Size: 36 KB
  • #13,873
  • Jun 25, 2012 5:40am Jun 25, 2012 5:40am
Quoting kojak
And out at 62,70 area
Two position..a good lunch symphonie trade i think
Nice. That pair is a bit too expensive for me to trade, but glad it worked out for you
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,874
  • Jun 25, 2012 6:18am Jun 25, 2012 6:18am
Quoting kojak
Took a short...
Trendline break, a close below the 63,00 area.
Symphonie signal, enter short one position when signal came, and took another short position on the retest of 62,95...
15 min chart is down.
Targeting 62,70 area....
Coffee time..

That was pretty much a by-the-book 5M trade:
.all the higher timeframes from 15M to 1H were all short
.trendline break & 'big round number' break
.you got all the extra Symphonie signals
....

I had issues with login in so I'm a bit late now as you have already closed your trade, but I was about to say that we have S3 at 62.69 and also an ATR projection at 62.73 (this projection comes from an indicator called 'LFL-ATRprojections' posted by someone else (thank you) in here and it's very good to have in one's arsenal as it's very accurate).

Because of the 'repaint issues' evident of the chart that you posted, can you please tell me exactly at the close of which 5M candle did you get the 4 red Symphonie dots please?

Tia

PS: this is not a snipe levelled at Evaluator/RJ... regarding the repainting with some of Synphonie's dots (I felt that I had to say that so you know where I'm coming from but I intend to post a proper post about it when I have a bit more time, like next weekend).

Cheers

Oli
  • #13,875
  • Jun 25, 2012 12:30pm Jun 25, 2012 12:30pm
Quoting olivierforex
That was pretty much a by-the-book 5M trade:
.all the higher timeframes from 15M to 1H were all short
.trendline break & 'big round number' break
.you got all the extra Symphonie signals
....

I had issues with login in so I'm a bit late now as you have already closed your trade, but I was about to say that we have S3 at 62.69 and also an ATR projection at 62.73 (this projection comes from an indicator called 'LFL-ATRprojections' posted by someone else (thank you) in here and it's very good to have in one's arsenal as it's very accurate).

Because...

Oli,

One must trade with what one feell most comfortable. Using Symphonie is easy for some and hard for others. I find Symphonie is a learned process that uses many skills that one must know from forex trading. So, the more experience traders may learn quicker than the non experienced ones.

But on the downside experience traders have more internal bias that jade their results while the total noobs make learn quickly the moves of Symphonie.

So it is a trade off. It is just a matter of trust at that point. Do you trust the Symphonie System or not? Do you trust that at the time of the Symphonie signal is the right time to place a trade or not...regardless of repaints???

The answer is in you.......

As I said Symphonie System is not for everyone.

Evaluator.:nerd:
  • #13,876
  • Jun 25, 2012 12:32pm Jun 25, 2012 12:32pm
Quoting realjumper
I think he's probably referring to 2010 when the SNB lost a huge amount of money intervening in the market.....and when they stopped doing it, the market carried on as it was always going to do, and the SNB lost $13b in it's failed attempt to keep CHF low.....

  • #13,877
  • Jun 25, 2012 12:32pm Jun 25, 2012 12:32pm
Quoting realjumper
Doesn't really matter who's behind the wheel, the rocks still damage the ship when it hit's them!!

RealJumper,

Great point!

Evaluator.:nerd:
  • #13,878
  • Jun 25, 2012 1:56pm Jun 25, 2012 1:56pm
Quoting Evaluator
Oli,

One must trade with what one feell most comfortable. Using Symphonie is easy for some and hard for others. I find Symphonie is a learned process that uses many skills that one must know from forex trading. So, the more experience traders may learn quicker than the non experienced ones.

But on the downside experience traders have more internal bias that jade their results while the total noobs make learn quickly the moves of Symphonie.

So it is a trade off. It is just a matter of trust at that point. Do you trust the Symphonie System...
Thanks for your reply Evaluator. I have many years of experience in trading but generally I trade longer timeframes (indices mainly but also the main forex pairs). Because I have started to look at smaller timeframes with (part)-automated setup and is how I came across this thread....

From having read many posts and having Symphonie running on a few instruments over the last couple of weeks, it's obvious that the strategy has some merit (mainly its simplicity and ease of understanding) and can/should be profitable in the right hands with decent PA/TA analysis and good MM.

Am I ready to trust it? Of course not (yet) for 2 reasons: well it's actually only 1 (the issue of repaint on some indicators) but it creates 2 problems...

1) unless you're right there at the time, say, during that 5M candle when all the 4 dots turn red/blue there is no way of knowing for sure what 3 of the indicators were doing at that time (Trend, Emotion & Sentiment) because they repaint, only Extreme leaves a permanent dot; this means that on one 5M candle, it can show 4 red dots but 2+ candles later, if the markey has reversed to long, the ratio can be changed back to only 1 red (extreme) and 3 blue dots. This in itself can NOT be an issue as you say, once you are experienced with the setup and you trust it.

2) but in my book that can only happen in 2 ways: either you watch an instrument 'live' for quite some time and paper trade all the signals but that is time consuming and will take too much attention away from other work & trades.

What I like to do though, is manually backtest a strategy to:
1) get a good idea of the overall/average pip on offer per trade,
2) the size of the drawdown & the position of the SL needed on each trade (to adjust the trading size),
3) finding the times of the day when to trade as well as when NOT to trade a particular instrument (I trade indices/stocks & commodities too and they don't all tie up with the Frankfurt/London/NY open/close)
4) including extra indicators to filter trades if needed
5) and so on....

But that is not possible because when you look back at a chart, nearly half the indicators will not be showing what/where they were at the time so what is one to do ????

I have been running the Strategy Simulator that someone posted in here (thank you very much whoever you are for that clever bit of MT re-engineering, but I can't recall your name - you know who you are though) to get a 'live' feel of past charts and at least that way you can mark the exact time/candle when the signal was generated, but again, once you move pass that point the repainting happens and later on you have no way of studying how Sentiment/Trend/Emotion 'behave'.

My quick questions are to all of you:
1) has anyone found a way to properly backtest Symphonie, and if so how?
2) I've noticed that often if the market turns at the time when a signal is generated, after the repainting has been done, it will leave only 1 column of 4 red/blue dots: is that why some people who have posted charts, sometimes seem to enter a trade only on the 2nd column of 4 dots (safer but later entry) or is there another reason like waiting for the arrow, higher timeframe confirmation....?
3) has anyone coded non-repainting versions of Sentiment/Trend/Emotion or is that not possible due to the nature of the signals they generate?

Thanks a lot in advance for any input.

Oli.
  • #13,879
  • Jun 25, 2012 2:01pm Jun 25, 2012 2:01pm
Quoting olivierforex
That was pretty much a by-the-book 5M trade:
.all the higher timeframes from 15M to 1H were all short
.trendline break & 'big round number' break
.you got all the extra Symphonie signals
....

I had issues with login in so I'm a bit late now as you have already closed your trade, but I was about to say that we have S3 at 62.69 and also an ATR projection at 62.73 (this projection comes from an indicator called 'LFL-ATRprojections' posted by someone else (thank you) in here and it's very good to have in one's arsenal as it's very accurate).

Because...
Hi Oli,
im usually a PA trader and only trade higher TF(4H and daily). But symphonie caught my interest . And im happy it did, when im waiting for 4h TF to give me signals there are almost everytime a symphonie signal in between.
But i dont trade Symphonie "blindly" even though u could with good result.
I like confirmation from 15 min/30 min chart, together with PA like double top, bearish outside bar etc...Or a close below round number, trendline break, pivot or fib etc etc...U know what i mean
So my ordinary tradingstyle on Higher TF combined with Symphonie has given me many green pips..
And when "scalping" i make it very easy for me(the same as higher TF), i exit when we come to the closest resistance, and if there is not enough space=no trade for me...

I took the NZD/JPY 05.20 eastern time....

Sorry for my bad english, im from sweden
  • #13,880
  • Jun 25, 2012 3:03pm Jun 25, 2012 3:03pm
Quoting kojak
Hi Oli,
im usually a PA trader and only trade higher TF(4H and daily). But symphonie caught my interest . And im happy it did, when im waiting for 4h TF to give me signals there are almost everytime a symphonie signal in between.
But i dont trade Symphonie "blindly" even though u could with good result.
I like confirmation from 15 min/30 min chart, together with PA like double top, bearish outside bar etc...Or a close below round number, trendline break, pivot or fib etc etc...U know what i mean
So my ordinary tradingstyle on Higher TF...
Hey Kojak,
We both seem to have stumbled upon this thread looking for small timeframe activity when we can't find any decent 4H/Daily setups!
Although later the price went lower, there was initial good support with ATR Projection/Fib around 62.70 and in scalping mode you can't ignore these 20/25 pips.
My charts shows now a possible entry at the end of the 05.10 candle (4 dots, TL, arrow, below 63.00...).
Any extra reason why you entered 2 candles later and what pairs/intruments have you found so far that work well with Symphonie?
PS: your english is fine...
8 traders viewing now