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Symphonie Trader System

  • #14,041
  • Jun 28, 2012 3:25am Jun 28, 2012 3:25am
Quoting Evaluator
Congratulations!
Thank you.....and thank Symphonie.

I hope some of the newer members here saw the way that worked? Lock the trade in to break even when in a decent profit, and then manually trail the price from target to target. it's really not rocket science, it just takes patience and letting the trades come to you.....don't chase them.

The reason I took the exit where I did is simply that ATR has been well and truly smashed and I expect some pullback sooner or later. Don't want to be greedy and don't want to give anything back to the market!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,042
  • Jun 28, 2012 3:28am Jun 28, 2012 3:28am
Quoting Evaluator
As long as the markt of interest is driven by FEAR and GREED...I think you will find that Symphonie works well. Regardless of timeframe.

Evaluator :nerd:
For sure Evaluator, but at the end of the day, you can call the indicators what you want (Sentiment/Extreme....), they are still no more than mathematical formulae translating price action for traders in an easily indentifiable graphical way.
And when you put one on any charts, the code does not know if it's being installed on an euro/cable/dow/Oil...chart.

It's obviously a testament to the various Symphonie iterations that they work across instruments: quite a revelation too for someone who usually trades market structure on much longer timeframes.

Dow trade still ongoing: S1 breached and sl now just above it and below the previous lows to save 65 points at least.

Cheers
  • #14,043
  • Jun 28, 2012 3:36am Jun 28, 2012 3:36am
Quoting FastForex
What indicator are you using at the bottom?
It's just a Multi Time Frame (MTF) stochastic so that I can have the 5M and the 30M/1H stox in the same window (i'm old and I need everything in front of me so that I don't have to keep switching timeframes lol).
I believe RJ posted one similar a few pages back.
Ok to post indicators in here? (I ask because I'm new in here and still hiding in a corner cuz of an earlier bollocking by the 'man of the house' lol)
  • #14,044
  • Jun 28, 2012 3:46am Jun 28, 2012 3:46am
Quoting realjumper
Thank you.....and thank Symphonie.

I hope some of the newer members here saw the way that worked? Lock the trade in to break even when in a decent profit, and then manually trail the price from target to target. it's really not rocket science, it just takes patience and letting the trades come to you.....don't chase them.
For sure ! Thanks Eval and RJ for showing us your way of doing it.
I took a short on EJ, +30 pips (I closed the trade on S2, I was expect I slight pullback candle to renter and aim for S3 but it didnt happend ) with "full" ARS lots

I guess I gonna sit on my hands till NY opening.

Anyway thanks again guys and happy pips everyone.


ps: the only valuable trade I see in short term is a rentry on GU to S1, I'm waiting for the M5 signal
  • #14,045
  • Jun 28, 2012 3:52am Jun 28, 2012 3:52am
Quote
[quote This is my current EU trade....M5.....aiming for the Daily Pivot. I must admit that I'm not comfortable shorting above the DP, but SL is moved to BE now so I can relax!!
[/quote]


hello real Jumper,

Sorry to bother, as far as i get from you system one of the request to be a high probability trade is the stoch coming from OS or OB, in that case it wasn´t. Please, can you explain why you took it? Thank you. By the way, congratulations and very good explanation on how you trailed the trade.

regards,
  • #14,046
  • Jun 28, 2012 4:00am Jun 28, 2012 4:00am
Quoting realjumper
S2 hit ... trade closed at +93

EJ also closed at +95
Congratulations!
  • #14,047
  • Jun 28, 2012 4:01am Jun 28, 2012 4:01am
Quoting Fable
For sure ! Thanks Eval and RJ for showing us your way of doing it.
I took a short on EJ, +30 pips (I closed the trade on S2, I was expect I slight pullback candle to renter and aim for S3 but it didnt happend ) with "full" ARS lots

I guess I gonna sit on my hands till NY opening.

Anyway thanks again guys and happy pips everyone
You're welcome. You can see that trading isn't really that difficult.....I mean, the PA is either going up, down, or sideways.....and Symphonie shows which it is going to do with 85% accuracy!

The 2 biggest mistakes I see people making are:

1) Trading at times that are convenient to the trader. That is never going to work, we must trade at the times when the market is most likely to give up some pips. For me, that is between 6pm and 2am. Crap hours and very anti-social, but that's the way it is.

2) The 'need' to always be trading because the market is open. Yesterday wasn't a great day, so I didn't get many trades......only 2 in fact. There simply was no high probability trades available when I was trading. The best trades came after I went to bed....lol....as they do!! The point is that I am only interested in high probability trades and the rest I will happily let pass.

There is nothing wrong with sitting the whole day out if nothing meets your entry criteria. Longs and shorts are both positions.....keeping your money in your pocket is also a position, and sometimes it is the best position!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,048
  • Jun 28, 2012 4:01am Jun 28, 2012 4:01am
Quoting Evaluator
Just a a follow up to my post #14019..... For those of you who saw the signs and took the trade....Congratulations!!!!!! on a nice move in the EURUSD so far....!

Textbook simple if you know what to look for.

Evaluator.:nerd:
Congratulations for your great job !
  • #14,049
  • Jun 28, 2012 4:04am Jun 28, 2012 4:04am
hello real Jumper,

Sorry to bother, as far as i get from you system one of the request to be a high probability trade is the stoch coming from OS or OB, in that case it wasn´t. Please, can you explain why you took it? Thank you. By the way, congratulations and very good explanation on how you trailed the trade.

regards,[/quote]

That's 'trader's discretion' (experience)... yes the stox hadn't gone in full OB mode beforehand but they were nowhere near the floor (around 30) + the 1H stox was still nicely high at 85, having turned down not long ago (always check higher timeframes for extra trade filtering).
A good example of that was Sterling yesterday, with a sell signal generated with the stox already in OS territory (9) yet it still went down 170+ pips (stox can remain OS/OB for a lot longer than most traders can remain solvent if you're on the wrong side of a trade and using them as guide)
  • #14,050
  • Jun 28, 2012 4:09am Jun 28, 2012 4:09am
[quote]
Quoting realjumper
Thank you.....and thank Symphonie.

I hope some of the newer members here saw the way that worked? Lock the trade in to break even when in a decent profit, and then manually trail the price from target to target. it's really not rocket science, it just takes patience and letting the trades come to you.....don't chase them.
Thanks RJ for that live commentery, which i must say its not just a smiple job to trade and carry othere along, each an every day RJ and Eval try there best to see the upcome traders are give a hope of getting better one day, i known man can pay you as much as God will, i known God has started to reward you both and He will alway do, i heve follow Symphonie method rite from day one, now i know FX is not a rock science, since i started using Symphonie, i must say i have stop lossing money, thuogh my profit rate i very low i known one day i wil step up my profit rate, thanks to you RJ , Eval and every othere that has put in effort to see Symphonie comes better,
  • #14,051
  • Jun 28, 2012 4:13am Jun 28, 2012 4:13am
Quoting aduarte;

hello real Jumper,

Sorry to bother, as far as i get from you system one of the request to be a high probability trade is the stoch coming from OS or OB, in that case it wasn´t. Please, can you explain why you took it? Thank you. By the way, congratulations and very good explanation on how you trailed the trade.

regards,
Stoch doesn't have to come from above 80 or below 20, although it certainly is nice if it does that. In this case, the stoch turned down at about the 68 line and headed down. Add to that the matrix and the yellow ema and even the arrow, the trade looks good.

It certainly would have been better had the stoch been coming down from 80+ but it was pretty good. The concern I had was that I don't like to short from above the Daily Pivot......but the other pairs I monitor all were moving strongly and this added to confluence above, I felt pretty good about the entry.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,052
  • Jun 28, 2012 4:14am Jun 28, 2012 4:14am
Quoting Evaluator

Textbook simple if you know what to look for.

for me EU was not textbook coz it was above R1 and no re-test of resistance before breaking low.

unlike GU. immediately after testing R1 it gave a matrix sell signal. scardie cat that i am, placed TP 1 pip above DP.

seeing PA slide i switched to M1 and entered in full matrix signal and TP'd 1 pip above S1.

nevertheless, id still have to say thank you for your symph! met more than daily target for just trading in 3 hours. signing off now and more green pips to you and to everyone!
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 65 KB
  • #14,053
  • Jun 28, 2012 4:18am Jun 28, 2012 4:18am
Quoting olivierforex
hello real Jumper,

Sorry to bother, as far as i get from you system one of the request to be a high probability trade is the stoch coming from OS or OB, in that case it wasn´t. Please, can you explain why you took it? Thank you. By the way, congratulations and very good explanation on how you trailed the trade.

regards,
That's 'trader's discretion' (experience)... yes the stox hadn't gone in full OB mode beforehand but they were nowhere near the floor (around 30) + the 1H stox was still nicely high at 85, having turned down not long ago (always check higher timeframes for extra trade filtering).
A good example of that was Sterling yesterday, with a sell signal generated with the stox already in OS territory (9) yet it still went down 170+ pips (stox can remain OS/OB for a lot longer than most traders can remain solvent if you're on the wrong side of a trade and using them as guide)[/quote]


Thank you for the answer,

I´m aware of that. I entered that trade aswell, because the stoch was over 80 in M30 and H1. I was just curious it RJ does the same.
  • #14,054
  • Jun 28, 2012 4:18am Jun 28, 2012 4:18am
[quote=Agoronaoka;5797076]
Quote


Thanks RJ for that live commentery, which i must say its not just a smiple job to trade and carry othere along, each an every day RJ and Eval try there best to see the upcome traders are give a hope of getting better one day, i known man can pay you as much as God will, i known God has started to reward you both and He will alway do, i heve follow Symphonie method rite from day one, now i know FX is not a rock science, since i started using Symphonie, i must say i have stop lossing money, thuogh my profit rate i very low i known one...

Welcome
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,055
  • Jun 28, 2012 4:19am Jun 28, 2012 4:19am
Quoting realjumper
Stoch doesn't have to come from above 80 or below 20, although it certainly is nice if it does that. In this case, the stoch turned down at about the 68 line and headed down. Add to that the matrix and the yellow ema and even the arrow, the trade looks good.

It certainly would have been better had the stoch been coming down from 80+ but it was pretty good. The concern I had was that I don't like to short from above the Daily Pivot......but the other pairs I monitor all were moving strongly and this added to confluence above, I felt pretty good...

Understood RJ. Thank you for the answer.
  • #14,056
  • Jun 28, 2012 4:38am Jun 28, 2012 4:38am
Quoting FastForex
What indicator are you using at the bottom?
Sorry FastForex, I didn't have my glasses on and I hadn't seen the purple oval as I thought that you were referring to the Stox.

See that post from 'guandi' a while back (the indicator is called Tape - basically a different way to look at the Matrix - red/blue means all 4 Matrix dots are the same colour for a signal - grey means that the dots are mixed so no signal). For me it's easier on the eyes + you can have higher TF on the same chart (handy for old geezers like me) and it's superb for backtesting).
http://www.forexfactory.com/showthre...85#post5596585
  • #14,057
  • Jun 28, 2012 4:41am Jun 28, 2012 4:41am
Quoting olivierforex
Sorry FastForex, I didn't have my glasses on and I hadn't seen the purple oval as I thought that you were referring to the Stox.

See that post from 'guandi' a while back (the indicator is called Tape - basically a different way to look at the Matrix - red/blue means all 4 Matrix dots are the same colour for a signal - grey means that the dots are mixed so no signal). For me it's easier on the eyes + you can have higher TF on the same chart (handy for old geezers like me) and it's superb for backtesting).
http://www.forexfactory.com/showthre...85#post5596585...
ok, thanks!
  • #14,058
  • Jun 28, 2012 4:51am Jun 28, 2012 4:51am
Quoting olivierforex
Sorry FastForex, I didn't have my glasses on and I hadn't seen the purple oval as I thought that you were referring to the Stox.

See that post from 'guandi' a while back (the indicator is called Tape - basically a different way to look at the Matrix - red/blue means all 4 Matrix dots are the same colour for a signal - grey means that the dots are mixed so no signal). For me it's easier on the eyes + you can have higher TF on the same chart (handy for old geezers like me) and it's superb for backtesting).
http://www.forexfactory.com/showthre...85#post5596585...

It appears Symphonie is spawning a whole new industry here at ForexFactory.
  • #14,059
  • Jun 28, 2012 4:52am Jun 28, 2012 4:52am
Quoting olivierforex
Sorry FastForex, I didn't have my glasses on and I hadn't seen the purple oval as I thought that you were referring to the Stox.

See that post from 'guandi' a while back (the indicator is called Tape - basically a different way to look at the Matrix - red/blue means all 4 Matrix dots are the same colour for a signal - grey means that the dots are mixed so no signal). For me it's easier on the eyes + you can have higher TF on the same chart (handy for old geezers like me) and it's superb for backtesting).
http://www.forexfactory.com/showthre...85#post5596585...
Why is is good for backtesting?
  • #14,060
  • Jun 28, 2012 5:03am Jun 28, 2012 5:03am
Quoting Fable
For sure ! Thanks Eval and RJ for showing us your way of doing it.
I took a short on EJ, +30 pips (I closed the trade on S2, I was expect I slight pullback candle to renter and aim for S3 but it didnt happend ) with "full" ARS lots

I guess I gonna sit on my hands till NY opening.

Anyway thanks again guys and happy pips everyone.


ps: the only valuable trade I see in short term is a rentry on GU to S1, I'm waiting for the M5 signal
+10,6 pips = 42 pips with the rentry, wait to see if the support breaks
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