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Symphonie Trader System

  • #14,121
  • Jun 29, 2012 9:08am Jun 29, 2012 9:08am
Quoting ohammond
Firstly I'm not Yelena and secondly I was talking about the LFL-ATR indicator. When it first starts the day it will have the projections there. When price moves through the last projection line, it brings the opposite lines up/down to take into account the movement that day and that if the price comes back it will only reach that line. It is a fluid indicator, basing itself not just on what has happened before, but what is happening now with price, making it much more accurate.

If you hover over the lines, you will see when the day starts...
Thanks, now is make more sense to me!
pro4ex trading suite
  • #14,122
  • Jun 29, 2012 10:05am Jun 29, 2012 10:05am
Well WOW, I have just invested the best part of 6 weeks to read every post in this thread and I have to say that a few times in your life you have a feeling that you have brushed shoulders with people of influence and great experience, well in the context of my time in forex I have that feeling.

What a bunch of people here, who have provided unselfishly and upfront a strategy, execution, evolution, ongoing support and held it all true through countless questions (some repeated more times than is reasonable to test the patience of a saint).

For me, my next step is to set up the platform and start to test/demo to bring this into reality. I know a lot of the toys (indies) that I have gathered are going in the trash already and that a more simple approach as laid out here will help redefine, develop and nurture me into a better trader.

My last apprenticeship lasted 4 years and was 25 years ago but it has repaid me more times than I can mention over the years. This forex apprenticeship is 18 months mature and building some solid foundations, this next stage of Symphonie starting next week is a most important building block to more consistency and importantly developing me further.

I have many questions, the vast majority are for the man I see in the mirror to answer. Firstly by application and some more effort and in cases some time to backtrack through this thread as so many answers have been generously provided by such a wide range of experience, expertise and approach …..BUT I have to say this and most importantly to see it has been kept quite eloquently at times in context of the Symphonie strategy throughout.

Now that is a rare and precious find for anyone trying to learn the forex.

I have kept all names out of this most gushing thank you statement (not typical for me to be gushing) but the "paying forward" and generosity ranges from absolutely outstanding to humorous at times (and thankfully very few not so progressive), long may the paying forward and generosity continue.

Absolutely brilliant ……..

  • #14,123
  • Jun 29, 2012 10:05am Jun 29, 2012 10:05am
Quoting ohammond
Firstly I'm not Yelena and secondly I was talking about the LFL-ATR indicator. When it first starts the day it will have the projections there. When price moves through the last projection line, it brings the opposite lines up/down to take into account the movement that day and that if the price comes back it will only reach that line. It is a fluid indicator, basing itself not just on what has happened before, but what is happening now with price, making it much more accurate.

If you hover over the lines, you will see when the day starts...
Thanks for the explanation ! Could you share the indicator ?

Regards,

Fable
  • #14,124
  • Jun 29, 2012 11:25am Jun 29, 2012 11:25am
Quoting Fable
Thanks for the explanation ! Could you share the indicator ?

Regards,

Fable

I have this version already compiled (ex4 file).

enjoy it.

ciao

wiz3003
Attached File(s)
File Type: ex4 LFL-ATRprojections.ex4   6 KB | 610 downloads
You control how you trade; the market controls how and when you'll get paid
  • #14,125
  • Jun 29, 2012 4:15pm Jun 29, 2012 4:15pm
Quoting wiz3003
Eval,

do you think it could be a double zig-zag?

If price move over 2765 we could be in front of a complex ABC?

In this case 2880 target area looks like a convergence of
1) Fibo extension 100 of AB wave
2) 61% Fibo retracement (impulse from 3285 to 2289)

plus a long term trendline (white) and a retracement channel (yellow)

I am sorry not using the appropriate Elliott symbolism but it tough for me to remember it.

thank for your cooments

ciao

wiz3003
That is extremely possible because wave 2 rectracements can retrace wave one either 61.8 or 78.6 fib points and it appears that price action is again stalling at the 78.6 fib....we will know next week if that is the case because a break and close on the houly above 1.26900 will confirm whether the patter has changed or finally wave 3 down has begun. In either case I will let Symphonie tell me when to enter the markt.

Nice call!

Evaluator.:nerd:
  • #14,126
  • Jun 29, 2012 4:23pm Jun 29, 2012 4:23pm
Quoting Evaluator
That is extremely possible because wave 2 rectracements can retrace wave one either 61.8 or 78.6 fib points and it appears that price action is again stalling at the 78.6 fib....we will know next week if that is the case because a break and close on the houly above 1.26900 will confirm whether the patter has changed or finally wave 3 down has begun. In either case I will let Symphonie tell me when to enter the markt.

Nice call!

Evaluator.:nerd:
Eval, u still there? Since I know you like to test various concept and like a new idea I think I have something for you. Look at my attachment. This might be useful. As with most of following trend system, symphonie need momentum. When playing around with EA I got this.

I put smoothed MA 3 shift 0 on ATR14 and found that most of the time few candles before momentum kick in we will see the MA I put will star heading up. If price entering a range it will bend downward. I think this could be used to filter good symphonie signal from the bad one.

I put red vertical line when smoothed MA bends up, which mean price will soon out of ranging area. Hope this could be useful.

PS: today is an outstanding day, I almost throw up from too much pips.
Add: And by filtering that I mean is any signal before the close of the red line is invalid. If signal held after it close, you have a trade.
Attached Image (click to enlarge)
Click to Enlarge Name: momentum.gif Size: 22 KB
  • #14,127
  • Jun 29, 2012 6:53pm Jun 29, 2012 6:53pm
Quoting TradeFinder
I have just invested the best part of 6 weeks to read every post in this thread
Very well done TradeFinder.....that 6 weeks is a great investment that few people make, but will reward you repeatedly as you move forward. I so wish that more people had your attitude.

Welcome to the thread and if you have any questions, please feel free to fire away. I'm absolutely certain that you will receive answers to your questions provided of course that someone here knows the answer!!

I won't say 'good luck' because luck plays a very small part in FX trading, but I wish you well.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,128
  • Jun 29, 2012 7:13pm Jun 29, 2012 7:13pm
Looking further out, just as a matter of interest, we can see that we are at a level of previous s/r......and that should not be taken lightly. Also, is that a bear flag I see forming?!?!........ just something to keep in the back of your mind...fwiw
Attached Image (click to enlarge)
Click to Enlarge Name: eu_weekly.jpg Size: 200 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,129
  • Jun 29, 2012 8:15pm Jun 29, 2012 8:15pm
Quoting dudele2
why doesn't anybody post losing trades?,unless nobody loses here.
All we see is winners,we can learn form losing trades also
Well I try to execute more and more trades based on symph. if it is not a problem for others I can post a few where I came out BE or lost. Everybody has losing ones, even the best playas which there are a few on FF
  • #14,130
  • Jun 29, 2012 8:25pm Jun 29, 2012 8:25pm
Quoting realjumper
we are at a level of previous s/r......and that should not be taken lightly.
As far my memory serves correctly these news/central bank related big rallies get erased rather quickly and lethally.

However not sure if this EU commit agreed to do anything similar like the FED did with quantitative easing which caused risk on mode for months.
  • #14,131
  • Jun 29, 2012 10:53pm Jun 29, 2012 10:53pm
Quoting Ati_82
As far my memory serves correctly these news/central bank related big rallies get erased rather quickly and lethally.

However not sure if this EU commit agreed to do anything similar like the FED did with quantitative easing which caused risk on mode for months.
I agree. I don't think this little euphoria laden party will stay for long. Once they all wake up and let the hangover subside, they will all see that they are still in the poo, so deep in fact, that they can hardly see over it!!

I'll trade it no matter which way it goes, but I don't expect this rally to last for long.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,132
  • Jun 29, 2012 11:24pm Jun 29, 2012 11:24pm
Quoting rivtrader
The best way for anyone to learn a new forex system would be to see a reasonable number of live trades being called live when they trigger, be they winners or be they losers. That way the trader will be able to see actual trades in progress and have an enhanced learning experience.
This has been brought up several times already....but.....I will go through it again. This post is not aimed at you personally, it is for everyone.

I posted a live trade a day or two back, and I have done so before, and I will do so again *when it suits me to do so.* Eval and others have also posted 'live' trades here.

What some people fail to understand is that trading isn't a 5 minute wonder for a group of us here.....it is how we put food on the table. No trades.....no food! So, my primary responsibility is to *me*. I will not post live trades if it will interfere with my ability to generate income for me. IF I have a trade that is already protected with a SL at break even, and IF I am
not searching for another trade OR managing another trade, OR preparing for upcoming news, OR answering questions here, OR taking a break to eat and drink coffee, I *may* give another live commentary.

Listen, Eval has given this system to us for free, and taught us how to use it. He posted 3 accounts form $3k to $10+ for all to see, with weekly updates. A group of us have invested a lot of *our* time to improve the system, to make things easier for the user. A group of us always do or best to answer questions, even the same question over and over again. We post charts with entries. We provide indicators and templates. We provide longer term analysis. We show again and again (for those who can't be bothered to look back a few pages) how to enter a trade and when not to. Live trades are posted.........my god......what else do you people want from us???.....blood???? Is it too much to ask for you people to walk the last few yards on your own?........you have been carried for miles and miles.....at least walk the last couple of yards on your own!!!!!


Quoting rivtrader
If this were a stock trading forum you would normally see the experienced traders making live calls on the stocks they know well.

But you can forget about that in forex forums as most all trades are posted after the fact.
That's right.....most people, me included, are intraday traders and I can not afford to let opportunities pass me by to spoon feed someone else. As I said above, if I have time, I do and will continue to post live trades when it suits me. You have been given *everything*......walk the last few yards on your own.


Quoting rivtrader
Best you can do is not pay attention so much to other people's winning posts but rather to the rules they are using to get those winners and try to apply them to your trading.
Exactly!! Couldn't have said it better myself!!!

I never make winning posts here.....or very, very seldom anyway. How many pips I gain or the percentage increase in my account is not going to help anyone. Showing my entries *after I have protected my trade* shows where I entered. The charts are current and the entry may be a few minutes old or it may be half and hour or an hour old. Doesn't matter, the charts I (and others) post are current and people can check their own charts to see how we entered and did what we did.

Finally, if we could, and if we did provide instant entries on here, it would not teach anyone anything. People would merely follow along and win pips or lose pips......either way, the trade would not be theirs, would it? People would come to rely on such a *signal service* and I for one am not going to provide that.

How do they say.....give a man a fish and feed him for a day....teach the man how to catch fish, and he will feed himself forever!!

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,133
  • Jun 30, 2012 5:32am Jun 30, 2012 5:32am
Quoting realjumper
This has been brought up several times already....but.....I will go through it again. This post is not aimed at you personally, it is for everyone.



How do they say.....give a man a fish and feed him for a day....teach the man how to catch fish, and he will feed himself forever!!

RJ
RJ,

Yep, this is exactly my point. Many excellent traders have posted very valuable information about how they use Symphonie effectively, so traders need to concentrate, learn, and practice on "how" they do it. Winning PIPS are posted here just for sharing success and for fun.
  • #14,134
  • Jun 30, 2012 8:12pm Jun 30, 2012 8:12pm
Quoting rivtrader
reasonable number of live trades being called live when they trigger
being called??? this is not a paid service, why would we even risk our trades for the benefit of others "to learn" while we invest months spending our own on time, effort and money????????

try trading live lots and posting at the same time = count how many times the other traders make more than you just coz you missed set ups. or made winning trades turn losers coz you missed the opportunity to close.

try doing your suggestion just for 1 day and you will see the can of worms you are asking for. and remember, you will not be paid by anyone to do it.

nothing against you or anyone else asking for it. but try first what you are asking for......
  • #14,135
  • Jul 1, 2012 1:11am Jul 1, 2012 1:11am
Quoting yelena

try trading live lots and posting at the same time = count how many times the other traders make more than you just coz you missed set ups. or made winning trades turn losers coz you missed the opportunity to close.

try doing your suggestion just for 1 day and you will see the can of worms you are asking for. and remember, [b][color=Red]you will not be paid by anyone to do it.
If you are only worried about the time it takes posting on the forum you could let others view your account using the investor password function in MT4, the account viewer in FF or myFXbook.
  • #14,136
  • Jul 1, 2012 1:27am Jul 1, 2012 1:27am
Quoting Bushman
If you are only worried about the time it takes posting on the forum you could let others view your account using the investor password function in MT4, the account viewer in FF or myFXbook.
How would that help anyone trade the system?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,137
  • Jul 1, 2012 3:28am Jul 1, 2012 3:28am
Day Trading: How To Improve Your Trading Score

Day trading is a fast paced, exciting way to trade currencies in the forex market. Trading this way is not suited to all traders and it is a style of trading that has to be cultivated to reap the full benefits of it.

Improving your day trading score through day trading requires dedicated trading with a plan and systematic manner that will ensure profits at the end of the day or at least at the end of a time period. Profits of day trading is calculated as profits and losses and how they even out. To be more profitable a trader has to be successful in a larger volume of trading than the ones he loses out on. It is like a balancing act and hopefully you will be weighed down by profits and not losses. So, as you can see, it is not about one transaction that is being considered here but the overall trading figures over time that is important.

It is also a known fact that some of the time losses are inevitable. So, the aim of a day trader should be to be successful in a bigger volume of trading than the ones where he loses. To achieve this, a trader has to be alert and refer to the trading signals, charts and fundamental indicators pertaining to the time frame of day trading. The charts that have to be referred to are the five minute charts, 15 minute charts, hourly charts and so on. Charts for longer time periods such as weekly forecasts can also help in confirming the trends seen in other charts.

Improving your day trading skills can be done by concentrating on a single currency pair on a constant basis. This will make you an expert with trading this particular currency pair in time. Another important factor for improving your day trading scores is to formulate a trading plan and stick to it. A solid approach with no impulsive wavering will pay off in the longer run. Watching and learning is also useful for traders who can do so with the currency pair of choice at regular intervals as this will be a good indicator of the direction of the price changes. This will give the trader a feel of the market that he is trading in.

The reward and risk analysis of a given transaction has to be analyzed before entering a trade. This will enable the investor to place his stop loss orders and profit taking points accurately so that losses are minimized and profits are maximized. Sticking to the system of your choice and trading plan and investing with discipline will ensure a better trading score. Formulating a system of trading and planning with market knowledge can be put to good use here.


http://www.etoro.com
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,138
  • Jul 1, 2012 6:53am Jul 1, 2012 6:53am
Quoting yelena
being called??? this is not a paid service, why would we even risk our trades for the benefit of others "to learn" while we invest months spending our own on time, effort and money????????

try trading live lots and posting at the same time = count how many times the other traders make more than you just coz you missed set ups. or made winning trades turn losers coz you missed the opportunity to close.

try doing your suggestion just for 1 day and you will see the can of worms you...
To correct any confusion, I am not suggesting to anyone to post trades in progress. That is a personal issue if anyone wants or does not want to do. I already know nobody wants to feel like a spoon feeder or a signal provider even for a day. So I would never even consider that proposition, I would have done it myself.

I would have had no problem posting a few live trades from start to finish for the benefit of some. Maybe 5 trades. Maybe 1 trade a day for five days. Maybe even 1 a week. Not such a big deal for me. But I am removing myself from posting in forums. Not such a big deal either.

So, in my bottom line, I "again suggest" to people in this or any forum, to concentrate, learn, and practice the rules that successful traders are applying and not get too caught up on their pips postings.
  • #14,139
  • Jul 1, 2012 7:18am Jul 1, 2012 7:18am
RJ, can you tell me which version of symphonie matrix do you use? I saw a template from Jun 26 where I can see that you're using 1,6 version.

What's the reason you are using an old version? Does your system work better with it?

Thank you very much.
  • #14,140
  • Jul 1, 2012 7:24am Jul 1, 2012 7:24am
Quoting realjumper
How would that help anyone trade the system?
People who are new to this (or any) system will look at the rules, apply them blindly and lose. Having a delayed rather than a live account to consult would act as a guide to show such things as:
- roughly how many trades might be expected per day or per week
- which types of trades are ignored
- what drawdown can be expected
- how losses are taken
- profitability of the system

Using myFXbook for example you can mask the account balance or even the open trades so it will not be used as a tipping service. You can also set it to update only once per day. The idea is you would end up with a view similar to that provided by technobyte in his very useful daily summaries.

Even for more experienced users it could be used to compare your results and maybe improve your technique.

I realise that having a monkey on your shoulder watching everything you do is very off-putting and no one will make any money from it. However, anyone who has ever considered buying (or selling) an EA will understand that the results are what it is all about.
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