Symphonie Trader System

Hi Tehnobyte,...Could you tell me how I can change the horizontal lines and prices from green/blue to white on this chart please

Excellent entries.......well done

Don't worry about it....I wouldn't answer if it was a bother!! Looking forward to seeing your charts

RJ or evaluator, any specific currencies that you trade using symphonie? I have been following the e/u and g/u...

I've done such a terrible job trading this week. Stupid trade after stupid trade.

same here... but I'm not putting big trades in... just learning. with 10 cent trades

Just change fib color in symphoni matrix advanced fractals indicator!

I trade EU, GU, EJ, AU and sometime UJ. That's just my preference but I have no reason to think that Symphonie wouldn't work on any other pair.

I'm pretty sure that Eval only trades EU.

For the most part, trading has been ok this week.....yesterday wasn't too good, but still made some pips.

If you know the trades were bad, then you should have documented what you did, complete with screenshots, to remind yourself what you did wrong.

If you're not sure what went wrong, post your trades (charts with entries) so that we may be able to help you.

Oh yeah, I think I read that he only trades e/u based off the 1H with 5M entries... lol Yeah that's on one of his posts in the last 50 pages...
Thanks for your answer!

Nice little bull run at Tokyo open........

Not expecting much else until Frankfurt open though. This Asian session can be a bit tricky so I tend to stay out.....

14,000 replies......wohooooooo!!!

Bearish Divergence may be forming here on EU M15

How Much To Save The Euro?
by Geoffrey Wood
Germany keeps being told that it must pay up to save the euro. But how much can Germany pay? No-one seems to have thought about that, but there is already concern about the possible size of bill – German bond yields rose soon after news of the Spanish bail out, even before it was announced where the money was going to come from. (And it was of course a bail out for Spain, regardless of what Spain’s prime minister says. If I borrow money and then lend it to someone else I’ve still borrowed it.)


There is though a more basic question. How much does it make sense for Germany to pay? What sort of bill would it be reasonable to present to them? In fact the best approximation one can arrive at is a bill of zero.

Why zero? What about all these exports that have been produced because Germany has a currency whose value is determined not just by Germany but also by less productive, higher cost, economies? That link has artificially depressed the prices of German exports. These net exports resulting from Germany’s Eurozone membership are actually the problem.

Germany has been exporting more goods and services than it has been importing. So non-German residents have been making net transfers of funds to Germany. If they can not earn these funds, and they did not because if they had Germany would not have run a trade surplus, they must have borrowed them. A trade surplus being run by a country means, in other words, that it is a net lender to the rest of the world.


That is certainly not always bad. Often it is good for both borrower and lender. The classic, and one of the longest lasting and relative to national income one of the biggest examples of that is the lending by Britain to the United States that went on from just after 1870 to shortly before the First World War. That lending was beneficial to both sides. In the USA it was invested productively, developing and opening up the prairies. These were, and still are, among the most fertile agricultural land in the world. The investment helped to make the USA a major and very prosperous agricultural producer. And Britain meanwhile not only earned a higher return on capital than could be earned by investing at home (Britain was even then a mature developed economy) but saw a sustained fall in the cost of living as the cost of food fell due to the imports that started to flow from the USA.


Recent German investment has not all been like that. Some has been productive – motor car factories in Brazil, the Czech Republic, and Mexico, for example. But much of it has just been lending to enable governments and individuals to spend more than they have been earning. As is now clear, many of the recipients of these loans are unable to pay them back. So in contrast to the earlier British/US experience, where both sides gained, both sides have lost.


Another aspect of this appears if we think about what would have happened in Germany if net exports had been smaller. Workers and factories would not have simply sat around. More goods and services would have been produced for investment and for consumption inside Germany. By increased investment Germany would have become more productive, and because individuals in Germany could consume more they could have had a higher standard of living. These big exports have in effect been a subsidy from Germans to many of their trading partners.


That is not the end of the story, not the end of the bad news for Germany. What an economy produces can be roughly divided into two categories: goods that are traded internationally and goods that are not. These categories – tradable and non-tradable goods as they are termed – are not of course clear cut categories, but some goods are much more easily traded internationally than others. The depressed German exchange rate has shifted productive resources, labour in particular, from the non-traded to the tradable sector. These resources are more productive there only so long as the exchange rate stays at its current artificial level. When that changes, they will have to incur all the costs of moving back. And, of course, they have been employed producing goods for which in many cases Germany may never be paid.


This is actually the exact reverse of what is now facing Australia. Its exchange rate has been driven up by a mineral boom. Policy makers and voters there are now thinking about two issues. What is a reasonable distribution of the benefits of the strong currency? And what planning should there be to deal with the inevitable end of the boom?


In conclusion, then, it is clear that it is wrong to say that Germany has benefited because of the boost to its exports delivered by a depressed euro. There have been some benefits, for some of the associated overseas investment has been more productive than it would have been at home; but there have also been some costs. The net effect is immensely difficult to calculate, but there can be no doubt that claims that Germany has gained so Germany must pay are just wrong. Any attempt to put the burden of saving the euro on Germany has to be supported by other arguments. I have yet to see them.

Looking at the overnight session (i.e. Asian); one can clearly see a three wave ABC pattern to the rally in the EURUSD that suggests to me that this is a corrective wave because the price action since 20 Jun has a clean 5 wave down structure to it (wave i,ii,iii,iv,v). This suggests that the top is in place and the beginning of the larger wave 5 down has begun and one should look to the EURUSD moving to the initial target zone of 1.21500 (initial target) that could become an extended 5th wave to 1.16 which I think in the immediate term is highly not probable.

In any event, I am looking to take all Symphonie Sell signals as they become available and Sell any shorterm rallies that could be caused by the EU Sumit as the EU's spineless politicians come up with new and creative was to kick the can down the road that will stall/block the much needed markt reset before any meaningful recovery can occur.

Evaluator.:nerd:

Once you see that conditions are changing and you are ready to take a trade many people seem to take a loss because they are only take the Symphonie Signals in the low timeframes but do not look for the correct conditions to setup the optimal Symphonie Signal to take by lookign a trend and higher timeframes that provide one with overall trending of markt price action.

Stochastics can assist you as RealJumper has demonstrated many times how effective and profitable this practice...KUDOS! RealJumper.

I use a different approach to determination of optimal entry points and that is through the use of drawing trendlines. Trendlines are some of the most basic functions that any trader of any market can use because they help one to see the overall markt direction and provide one with perspective to the best trades to take.

When I am in the 5 min charts I always look to the higher timeframe for the turn points then I move the the 5 min charts and the very first thing I draw out on my charts is a trendline of the up or down cycle in that timeframe.

As you can see from this screenshot during the course of this rally in the EURUSD the are many up and down mini cycles in the way structure and Symphonie at each level tells you the mini directions of the 5 min cycles. Because this is an uptrend it is important to notice that the Symphonie Buy signals are much stronger producing larger pips than the Sell signals that would provide one with a stoploss hit.

If one finds themselves with constant loss trade or your +3 pip stoploss is constantly being hit; STOP TRADING...!

I do this after the second non productive trade....I stop and then look closely at the price action to determine whether I am trying to trade with or against the trend....remember ''the trend is your friend'' and one should always trade with it and not agianst it.

HOW to determine possible directional change.

As you can see from this screenshot this is an obvious uptrend. By connection the lowest two points we create an upward sloping line...that is the 5 min chart window trend. That is what one should be watching for when it breaks the markt should change direction....

However, be verys careful because there can be false breaks of the trendline...to determine a true break the price action bar must close below the trendline...wicks do not count....! Next one should then look for a retouch of the bottom of the trendline on the next few bars...the wicks may break above but the closeing level should never be above that line. If the price action bar closes above the trendline then the upchannel is not broken and one would redraw a new trendline with connection the new lowest points. As the second bar closes below the trendline you have draw you should have a Symphonie signal screaming at you on which direction to place your order...in this case I would look to sell the EURUSD.

Once you have a break and retest of the line that is the optimal conditions to take the Symphonie signal that should provide you with good results.

Evaluator.:nerd:

What are those????

I don't have those......

so my EJ already hit its target. and so did my GU.

GU bounced off exactly from DP and then a matrix buy signal, above trendline and SMA60. TP'd R1.. well 2 pips below R1 (im a scardie cat and, besides, its was just frankie open which is often reversed by london open anyway). im not showing this for you eval, coz i know you are a better trader than me. but for the sake of us fellow noobs and show how to optimize profitability with matrix, minimize losses, if not obliterate them.

I agree with you up to a point. Trendlines purpose is to show you the trend....hee hee hee....who would have guessed?

Because I am an intraday trader I am not that bothered by the longer term trend. Of course the longer term trend is always in the back of my mind, but I am really only concerned with what is going on today, and possibly what went on yesterday. I usually have a peek at the H1, but I look more closely at the M15, which shows yesterday and today, and the trend is plain to see.

Sometimes I will draw a trendline, but not too often. The reason I don't draw them too often is that it is too easy to get married to an idea, and as an intraday trader, I need to stay flexible and quick to reverse a position if I see that I made a mistake.

NO WAY!!!

I am only an average trader at best....you are very many better than I am at trading. I can never handle 4 currency pairs because my brain would melt from all the multi-tasking.

Evaluator.:nerd: