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Symphonie Trader System

  • #13,961
  • Jun 27, 2012 7:32am Jun 27, 2012 7:32am
Textbook Symphonie 5M trade for 20 pips (white line), albeit using a slightly different matrix but:
.4 dots
.arrow
.trendline break and trendline turned red
.M15 & M30 matrix already both in red and 1H matrix mixed (grey)
.5M Stox on the way down with 30M and 1H stox nicely positioned with some downside left
.bounced off resistance a few times before the signal
.exit around 4H/1H/5M support
;-)
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Click to Enlarge Name: Euro.png Size: 120 KB
  • #13,962
  • Jun 27, 2012 7:36am Jun 27, 2012 7:36am
Quoting realjumper
I can't even find that set up on my charts....what time (GMT) was it?
thanks for looking into it mate...its EU 15min chart..and 19june

thanks again
  • #13,963
  • Jun 27, 2012 7:39am Jun 27, 2012 7:39am
Quoting patiencepays
thanks for looking into it mate...its EU 15min chart..and 19june

thanks again
Ok....you'll have to come up with something a bit more recent than that because Matrix doesn't paint back that far so I can't compare your chart to mine to see what was going on.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,964
  • Jun 27, 2012 7:51am Jun 27, 2012 7:51am
Quoting patiencepays
hello...im a newbie...can anyone plz tell me if i have marked things right...if so then why did the trade fail...help is much appreciated...

im a newbie so plz be patient with me,,
Weekly pivot was at 1.2581 if you're talking about the sell failing.
  • #13,965
  • Jun 27, 2012 7:52am Jun 27, 2012 7:52am
Quoting patiencepays
hello...im a newbie...can anyone plz tell me if i have marked things right...if so then why did the trade fail...help is much appreciated...

im a newbie so plz be patient with me,,
Hi Patience,
Seeing the same 3 signals as you: on the first sell the stox are already on the floor (probably s/l hit on that one) but in a much better position for the 2nd sell (25 pips) and the following buy (20 pips).
  • #13,966
  • Jun 27, 2012 7:58am Jun 27, 2012 7:58am
Quoting realjumper
Ok....you'll have to come up with something a bit more recent than that because Matrix doesn't paint back that far so I can't compare your chart to mine to see what was going on.
i was backtesting that data mate...will there be a repainting problem while i backtest?

i will post the recent charts...ok
  • #13,967
  • Jun 27, 2012 8:04am Jun 27, 2012 8:04am
Quoting olivierforex
Hi Patience,
Seeing the same 3 signals as you: on the first sell the stox are already on the floor (probably s/l hit on that one) but in a much better position for the 2nd sell (25 pips) and the following buy (20 pips).
so the key is to wait for the trend line to indicate you to buy or sell(blue or red)


then look for symphonie matrix to confirm the same buy or sell( all 4 red for sell and all 4 blue for buy) is it correct...?

anything else i need to look at other than these things...i trade on 15min TF...does it work on this TF
  • #13,968
  • Jun 27, 2012 8:05am Jun 27, 2012 8:05am
Quoting patiencepays
thanks for looking into it mate...its EU 15min chart..and 19june

thanks again
If it helps....here is a chart from GU M5 today. I have to stress that this isn't a trade that I took because the Daily Pivot (the blue line) was in the way. Of course with hindsight the trade would have worked, but that is NOT a high probability trade, and therefore I'm not interested in it.

But, as with all the charts I post...Matrix signals 4 red.....stoch position is still good.....Yellow EMA turned over and entry is on the first candle that opens *clear* of the Yellow MA. The Arrow printed as further confirmation, but I don't necessarily wait for the arrow.....but I get concerned if I don't see it withing a few candles of taking the trade.

If you search my posts, you will see this entry, same rules, over and over again.......it's very easy. The main thing is to be patient and only take the trades that meet the criteria, and be mindful of the market hours and news events. Also, don't overload your charts with all sorts of indicators and other crap.....you don't need it. KISS
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,969
  • Jun 27, 2012 8:06am Jun 27, 2012 8:06am
Quoting patiencepays
i was backtesting that data mate...will there be a repainting problem while i backtest?

i will post the recent charts...ok
Yeah it's always good to post live charts, or very recent charts so that a comparison can be made.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,970
  • Jun 27, 2012 8:18am Jun 27, 2012 8:18am
Quoting realjumper
If it helps....here is a chart from GU M5 today. I have to stress that this isn't a trade that I took because the Daily Pivot (the blue line) was in the way. Of course with hindsight the trade would have worked, but that is NOT a high probability trade, and therefore I'm not interested in it.

But, as with all the charts I post...Matrix signals 4 red.....stoch position is still good.....Yellow EMA turned over and entry is on the first candle that opens *clear* of the Yellow MA. The Arrow printed as further confirmation, but I don't necessarily...

wow wow wow...what a trade mate...you nailed it like a pro...congrats...can i get your template and the indicators...its far more better than mine..mate..thanks in advacne..i will stick to simple charts as you said
  • #13,971
  • Jun 27, 2012 8:31am Jun 27, 2012 8:31am
Quoting patiencepays
wow wow wow...what a trade mate...you nailed it like a pro...congrats...can i get your template and the indicators...its far more better than mine..mate..thanks in advacne..i will stick to simple charts as you said
As I said, I didn't take that trade because the Daily Pivot (the blue line) was in the way......it was an example for you. But that's the way I trade, and if you pay attention to those rules and not be tempted to 'jump the gun' you should be ok.

The settings for stochastic and the EMA5 are here

The arrow and the pivot indi are here

The candles are Heiken Ashi candles which are part of your MT4 platform
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,972
  • Jun 27, 2012 9:10am Jun 27, 2012 9:10am
Quoting realjumper
As I said, I didn't take that trade because the Daily Pivot (the blue line) was in the way......it was an example for you. But that's the way I trade, and if you pay attention to those rules and not be tempted to 'jump the gun' you should be ok.

The settings for stochastic and the EMA5 are here

The arrow and the pivot indi are here

The candles...
thank you real jumper you are such a darling....can you tell me what kinda SL and Tp that you use for this system?
  • #13,973
  • Jun 27, 2012 9:13am Jun 27, 2012 9:13am
Quoting realjumper
If it helps....here is a chart from GU M5 today. I have to stress that this isn't a trade that I took because the Daily Pivot (the blue line) was in the way. Of course with hindsight the trade would have worked, but that is NOT a high probability trade, and therefore I'm not interested in it.

But, as with all the charts I post...Matrix signals 4 red.....stoch position is still good.....Yellow EMA turned over and entry is on the first candle that opens *clear* of the Yellow MA. The Arrow printed as further confirmation, but I don't necessarily...
can you also tell me what is the TVi on your chart...i have extreme..im using your template that i got from the first page...i have extreme....what is the difference plz
  • #13,974
  • Jun 27, 2012 9:17am Jun 27, 2012 9:17am
Quoting patiencepays
thank you real jumper you are such a darling....can you tell me what kinda SL and Tp that you use for this system?
For shorts, SL goes above the previous swing high.....for longs, below the previous swing low.

TP is a little more tricky, and it is the hardest part of trading....I generally aim for the next line of support or resistance...it could be pivots...S1, S2, R1, R2 etc.....or it could be a historical area of support or resistance......could be a round number. The way I do it is to move my SL to break even after the price gets to +25 or +30, and then the risk is removed.....so I aim for the next pivot line or s/r as described above.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,975
  • Jun 27, 2012 9:18am Jun 27, 2012 9:18am
Quoting patiencepays
can you also tell me what is the TVi on your chart...i have extreme..im using your template that i got from the first page...i have extreme....what is the difference plz
Just a name different.....that's all
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,976
  • Jun 27, 2012 9:19am Jun 27, 2012 9:19am
Quoting patiencepays
can you also tell me what is the TVi on your chart...i have extreme..im using your template that i got from the first page...i have extreme....what is the difference plz
It's after 2am here, so it's zzzzzzzzzzzz time for me......if you set up your charts and post one tomorrow I'll make a comparison if you lke, just to be sure that we are on the same page.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,977
  • Jun 27, 2012 9:28am Jun 27, 2012 9:28am
Quoting patiencepays
hello...im a newbie...can anyone plz tell me if i have marked things right...if so then why did the trade fail...help is much appreciated...

im a newbie so plz be patient with me,,

patiencepays,

The answer to your question is yes and no....Yes you made the correct call on the signal in the 15 min timeframe...(i.e. all red=sell all blue=buy) However, you need to look at the overall trending of the markt and the larger picture to determine whether you are trading with the markt trend versus counter trend.

May I suggest reading (or re reading) the trading tips section of post#1. I think you may find them useful.

Evaluator.:nerd:
  • #13,978
  • Jun 27, 2012 9:28am Jun 27, 2012 9:28am
Quoting realjumper
It's after 2am here, so it's zzzzzzzzzzzz time for me......if you set up your charts and post one tomorrow I'll make a comparison if you lke, just to be sure that we are on the same page.
sorry to be a bother at this time of the day...i will post more charts for you to compare morrow...good night mate...thanks again..
  • #13,979
  • Jun 27, 2012 9:29am Jun 27, 2012 9:29am
Quoting Evaluator
patiencepays,

The answer to your question is yes and no....Yes you made the correct call on the signal in the 15 min timeframe...(i.e. all red=sell all blue=buy) However, you need to look at the overall trending of the markt and the larger picture to determine whether you are trading with the markt trend versus counter trend.

May I suggest reading (or re reading) the trading tips section of post#1. I think you may find them useful.

Evaluator.:nerd:
i sure will eval...thank you for replyin much appreciated
  • #13,980
  • Jun 27, 2012 9:40am Jun 27, 2012 9:40am
Quoting peterporter
http://www.youtube.com/watch?feature...&v=TN_1mF-3JTI

Agreed....the R E S E T of Europe is coming and the longer this is stalled out the more painful it will be....but after the reset I think Europe will become a Monster economy because the R E S E T will force some teeth into the European Banking System and cause for a new stronger EZ regulations that have not been in the Treaty of Lisbon.

This all comes down to poor planning on the part of spineless European Politicians looking to line their pockets instead of the right thing to do...

Shame on us for allowing this to go on for over 2 years now.....

Greece...should be kicked out.
Portugal....kick them out.
Ireland.....kick them out.
Spain and Italy need to be given a strong threatening (especially Spain) to correct their internal banking systems or leave...
France....should also be put on notice of internal problems.

Right now it is a mess....but I believe that once the great R E S E T occurs....the booms times are just around the corner.

How long it will take will depend on whether EU politicians can grow a spine and do the hard thing not the easy thing...

Evaluator.:nerd:
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