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Symphonie Trader System

  • #13,981
  • Jun 27, 2012 9:42am Jun 27, 2012 9:42am
Quoting olivierforex
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
;-)

Congratulations! Nice trade.
  • #13,982
  • Edited 10:34am Jun 27, 2012 10:01am | Edited 10:34am
Today is an excellent example of the important of pattern recognition....are one can see in the 5 min there was many whipsaws in the markt but if you look closely you will see a wedge pattern that developed that would keep one out of the whipsaw price action and stay with the markt direction on a breakout of the wedge...(yellow lines)

Also, if you find that your trades in the 5 min timeframe are not profitable then it is important to look at the larger timeframes that will tell you the direction of markt price action.

For me...I took the first sell at 1.25100 but I was stopped out with +3pips....I then took a second sell at 1.25045 but again was stopped out +3 pip as stoploss was hit. I stopped and began to look at price aciton and saw the wedge... I draw my lines and then watched the next cycle (a top and a bottom of whipsaw) for confirmation...once it confirmed the pattern (cycle stayed between those ranges (yellow lines)); I knew that once the price aktion break of one of the lines that is the direction the markt will go....which came with a break of the 1.24850 daily pivot out side of the wedge....

I then waited until Symphonie sell signal and a retouch (which is common with wedge breaks) of the bottom of the wedge and sell again at 1.24830 and now I let the trade run with a +3 pip stoploss.
Difficult markt....yes....difficult to trade?...not really if you trust Symphonie and recognize the patterns forming.

Best of Luck.

Evaluator.:nerd:
Attached Image (click to enlarge)
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  • #13,983
  • Jun 27, 2012 10:10am Jun 27, 2012 10:10am
Quoting Evaluator
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........

Hi eval,

I perceive a little German tone in yout post... even if I agree on most of your comments I think that the real base of our issues in europe have their origin in the framework of EC.
10 years ago we built a monetary system without integrating it with a a common fiscal and political organization.

I understand Merkels when she says "no eurobond until I am alive"... without new rules they are worth just to postpone the real problem. Having said that I would like to highlight that different cultures and countries can provides EU with more opportunities.

Sincerly from Italy

Roberto

p.s.: Good luck for tomorrow evening football match ;-))
You control how you trade; the market controls how and when you'll get paid
  • #13,984
  • Jun 27, 2012 10:21am Jun 27, 2012 10:21am
hi RJ and Eval,

This is my trade today. I moved my SL to breakeven and for the time being is still open.

have you any comment? was it a right set up for you or was I just lucky?

Pictures are H1 and M5 TF.

ciao and grazie (thank you)

wiz3003
Attached Image(s) (click to enlarge)
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You control how you trade; the market controls how and when you'll get paid
  • #13,985
  • Jun 27, 2012 10:28am Jun 27, 2012 10:28am
Quoting wiz3003
hi RJ and Eval,

This is my trade today. I moved my SL to breakeven and for the time being is still open.

have you any comment? was it a right set up for you or was I just lucky?

Pictures are H1 and M5 TF.

ciao and grazie (thank you)

wiz3003

looks like a winner to me.... (if the red vertical line is your entry point for selling eurusd)

Evaluator.:nerd:
  • #13,986
  • Jun 27, 2012 10:34am Jun 27, 2012 10:34am
Quoting Evaluator
looks like a winner to me.... (if the red vertical line is your entry point for selling eurusd)

Evaluator.:nerd:

That's right ... red line is my entry point.

Thank you Eval particularly for the great work you and the Symphonie team are doing here.

ciao
You control how you trade; the market controls how and when you'll get paid
  • #13,987
  • Jun 27, 2012 10:37am Jun 27, 2012 10:37am
Quoting wiz3003
That's right ... red line is my entry point.

Thank you Eval particularly for the great work you and the Symphonie team are doing here.

ciao

You are most welcome and good luck!

Evaluator.:nerd:
  • #13,988
  • Jun 27, 2012 10:44am Jun 27, 2012 10:44am
Quoting wiz3003
have you any comment? was it a right set up for you or was I just lucky?
wiz3003
No, you weren't lucky Wiz, you just followed the rules....I took the same trade but you will get more out of it than me
http://www.forexfactory.com/showthre...61#post5794261
  • #13,989
  • Jun 27, 2012 10:53am Jun 27, 2012 10:53am
Quoting olivierforex
No, you weren't lucky Wiz, you just followed the rules....I took the same trade but you will get more out of it than me
http://www.forexfactory.com/showthre...61#post5794261
This is only luck ;-)
The exit point is my major problem.
It is still tough for me to identify a good strategy which fits with me and stick the plan.

But in this post I found two very good suggestions.
1) RJ : ask yourself why you decided to exit...if you can't answer your emotions played the game. My first target was Pivot S1.

2) eval: a SR breakout happens only if we have two closes behind the reference price. In this trade I am using MA20 and trendline as dinamic resistence.

thank you

ciao
You control how you trade; the market controls how and when you'll get paid
  • #13,990
  • Jun 27, 2012 10:54am Jun 27, 2012 10:54am
you can survive and be profitable even in this nasty PA
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pro4ex trading suite
  • #13,991
  • Jun 27, 2012 12:19pm Jun 27, 2012 12:19pm
Quoting Evaluator
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...
German people tend to forget who paid for the reconstruction of their country in the end of world war II...

If other countries had the same line of thinking as Germany and Germans, you would be left alone back then.

But that was a long time ago, wasn't it??? People don't forget, only Germans seems to forget...

Cheers
  • #13,992
  • Jun 27, 2012 1:24pm Jun 27, 2012 1:24pm
Quoting pt2004
German people tend to forget who paid for the reconstruction of their country in the end of world war II...

If other countries had the same line of thinking as Germany and Germans, you would be left alone back then.

But that was a long time ago, wasn't it??? People don't forget, only Germans seems to forget...

Cheers
Take care what you say... ;-)
  • #13,993
  • Edited 2:34pm Jun 27, 2012 1:25pm | Edited 2:34pm
Quoting pt2004
German people tend to forget who paid for the reconstruction of their country in the end of world war II...

If other countries had the same line of thinking as Germany and Germans, you would be left alone back then.

But that was a long time ago, wasn't it??? People don't forget, only Germans seems to forget...

Cheers

I have news for you....Portugal paid nothing....Nor did Spain or France or any of the other PIIGS nations to help Germany at the end of the second world war. In fact the origins of World War 2 were caused by the Allies of the first world war.

As to payment after WW2;

Germans did pay for WW2 but not in monetary marks it was paid with a divided country for over 50 years and under the Soviets many Germans died after World War 2 because the Russians stripped Germany of Factories, Raw Materials, food, and even people were shipped by the thousands to Russian and never seen again so you have no right to say Germany did not pay a price because it did! Many people starved in the DDR because of that so there was a price paid.

In term of Money the only loans that rebuild Germany was from the USA and for that price we still have Foreign troops occuping Germany today and these soldiers do not fall under any form of German law and move int he country with impunity.

So, you are sooo wrong and STUPID for bringing up that point because it is obvious you do not read nor care about history....Therefore you are doomed to repeat your mistakes because you are too lazy to care about your past and you are sure to repeat your mistakes.

Evaluator.:nerd:
  • #13,994
  • Jun 27, 2012 1:37pm Jun 27, 2012 1:37pm
So, i am still trade RJ style of Symphonie and still happy.
The pink lines my 2 trades for today
Around 47 pips
and 17 pips

Its enough for me.
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  • #13,995
  • Jun 27, 2012 1:42pm Jun 27, 2012 1:42pm
Quoting pt2004
German people tend to forget who paid for the reconstruction of their country in the end of world war II...

If other countries had the same line of thinking as Germany and Germans, you would be left alone back then.

But that was a long time ago, wasn't it??? People don't forget, only Germans seems to forget...

Cheers
Says who? A Portugese? Did your country ever paid back for the damage it has done in South America? Think twice before accusing anyone.
I am pretty sure you don´t have a clue what this crisis is all about. All European countries have made tons of debt, even Germany. If you think the normal German is rich and is ready to pay the world you must be mad.
Nuff said.
  • #13,996
  • Jun 27, 2012 2:06pm Jun 27, 2012 2:06pm
how about we keep politics out of this one....
  • #13,997
  • Jun 27, 2012 2:27pm Jun 27, 2012 2:27pm
I think there is no sense to speak about politics. And Germany sent its entire gold reserve in the United States. This is the story. The fact that now all will survive - the latest trend down on the Euro. I saw this model three years ago. Now I do not mean a loss, when working it was поэтой model using daily charts. This I have shown in the illustration. But the system must make a profit every day. And there is no sense to speak about the distant future. They are obvious. We should work every day.
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  • #13,998
  • Jun 27, 2012 3:02pm Jun 27, 2012 3:02pm
Quoting tehnobyte
you can survive and be profitable even in this nasty PA


I just added the breakdown of fractals. This works well. And yet, I added a different color, where the breakdown of truth, and where the trend. MA 209 and 50 will help to find direction. Now I'm using this template on the M5. Now, something like this and earn! Everything else is superfluous. You can even something more clear.
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  • #13,999
  • Jun 27, 2012 5:20pm Jun 27, 2012 5:20pm
Quoting dafox1
how about we keep politics out of this one....
Yes exactly.....very well said.....thank you

It is arrogant to assume the position of judgement on this issue.

Inserted Video
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,000
  • Jun 27, 2012 5:26pm Jun 27, 2012 5:26pm
Quoting Fame of me
So, i am still trade RJ style of Symphonie and still happy.
The pink lines my 2 trades for today
Around 47 pips
and 17 pips

Its enough for me.
You're doing really well....+64 is a good haul and is many people would would be only dreaming of this on such a day as today.

As an aside, someone from another thread just hit the 1/2 million dollars mark a week or two back. It has taken him 2 years and he aims for 30 pips/day and compounds the profits. Someone else on this very thread uses a similar compounding profits way of trading and they too are doing fantastically well.

The system makes profit....if you're wise and patient, 50 pips/day is ample
Doing what you like is Freedom. Liking what you do is Happiness.
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