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Symphonie Trader System

  • #14,281
  • Jul 5, 2012 8:18am Jul 5, 2012 8:18am
Here my trade today (red vertical lines entry/exit) :
½ half = +20 pips.
½ half = 0 pips

Set up :
Because today is full of important news I decided to use M15 as higher TF instead of H1. Eventually I am going to wait for H1 confirmation but ready to go out quickly.
M15 PA below MA
M15 matrix 4 red
Arrow is ON
time : beginning of London session
additional notes : PA bounce from daily pivot (blue line)

Entry :
M5 PA below as per RJ input (first red bar open below MA) + trendline Breakout
M5 matrix 4 red
Stoch overbought --- Warning !!!
Arrow is ON
Comment : This entry is too late for few bars. I waited the white trendline breakout before entering. Probably it would be better to wait for better conditions at retesting. See some bars later. (My Mistake)

Exit :
I closed ½ lot of this trade because PA was not so strong close to 1,25, stoch crossover up and the most important news of the day were knocking the door.
Because I don’t know how to trade news I preferred a zero risk trade moving in BE the second half.

Feel free to comment.
I know that now is simple to judge and make the right decision … but any suggestion on tactic will be appreciated

ciao
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2012-07-05 trade01 M15.jpg Size: 102 KB
Click to Enlarge Name: 2012-07-05 trade01 M5.jpg Size: 173 KB
You control how you trade; the market controls how and when you'll get paid
  • #14,282
  • Jul 5, 2012 8:26am Jul 5, 2012 8:26am
Quoting christiaandu
Hit it nicely, good call.

Thank you....I am done for today...looking for only whipsaws the rest of today...unless there is some dramatic event.....I think EURUSD trades sideways.

Evaluator.:nerd:
  • #14,283
  • Jul 5, 2012 9:03am Jul 5, 2012 9:03am
Wow, I really regret not waking up a few hours earlier.....
  • #14,284
  • Jul 5, 2012 10:09am Jul 5, 2012 10:09am
Quoting kojak
Trendlinebreak, break of pivot, symphonie signal on 15 min..im short..
Targeting 1,5575 area
Sometimes its good to not be at the computer ..we went down to 1,5525 area where i closed..
+65 SYMPHONIE PIPS
/Kojak

ps i trade of 15 min TF..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd5jul.JPG Size: 80 KB
  • #14,285
  • Jul 5, 2012 1:39pm Jul 5, 2012 1:39pm
didn't dare to open a new position this morning , thought there will be more chop-chop. Seems not this time, euro got slammed hard hehe. Although still holding the 1 hour signal trade, hovering above +200 pips
  • #14,286
  • Jul 5, 2012 1:50pm Jul 5, 2012 1:50pm
Quoting Ati_82
didn't dare to open a new position this morning , thought there will be more chop-chop. Seems not this time, euro got slammed hard hehe. Although still holding the 1 hour signal trade, hovering above +200 pips
Sweet
  • #14,287
  • Jul 6, 2012 12:09am Jul 6, 2012 12:09am
Interesting Analysis on EU Financial Situation.

http://www.youtube.com/watch?feature=player_embedded&v=U35gHb_HsDU#!
  • #14,288
  • Jul 6, 2012 12:18am Jul 6, 2012 12:18am
Quoting yelena
great call!

Q: bullish or bearish?
A: wormish
Q how in the world are we suppose to trade this?
A: you don't!

Easy....look at the conjestion zone and look for a direction break above or below the high/low of the consolidation. Once a direktion break place order based on the break....To trade this whipsaw action is not the smart trade.

So, I am sidelined until there is some clear direktion..

In the meantime look to other currecy pairs like GBPUSD or AUSUSD or EURJPY for some before direktion before the move...Generally other currency pairs will move as a premove before the EURUSD (sometimes) or look to some news event (i.e. todays USA Markt NFP report) to provide the driver to move the EURUSD.

That plus watching 60 min Symphonie for direktion is my plan.....

Evaluator.:nerd:

Sometimes the ''no trade'' is the best trade to take.

P.S. Remember this chart I posted long ago???
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 197.jpg Size: 100 KB
  • #14,289
  • Jul 6, 2012 12:28am Jul 6, 2012 12:28am
yeah, exited @ 1.2380 for now. Aussie pairs had a 1h sell signal a bit back today. Aud/usd also hovering below 200 sma. That might be a good trade next week.
  • #14,290
  • Jul 6, 2012 12:30am Jul 6, 2012 12:30am
Quoting yelena
great call!

Q: bullish or bearish?
A: wormish
Q how in the world are we suppose to trade this?
A: you don't!
thanks When I attended a training course back in 2006 we were thought rising is bullish, falling is bearish and sideways is "chickenish" trend.
  • #14,291
  • Jul 6, 2012 12:34am Jul 6, 2012 12:34am
Here is something else to think about...

EURUSD has have a break out of the downchannel to the downside.(see screenshot) On the 60 min chart one can see this clearly. Normally at a min. there is usually a retracement back to touch the bottom of the downchannel before failure and continue down as new downchannel is create.

However, if there is a price action movement that close above channel bottom and inside the old channel that point to possible more upward price action in EURUSD but at least I see a retouch of this channel as a ''healthy'' pullback before more downward movement. A none healthy drop may indikate that a greater retracement is come or reversal in EURUSD. But only the markt knows what it will do and as ''retail'' traders we only follow the markt not make the markt so let the trend (and Symphonie ) be your guide.

Evaluator.:nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 304.jpg Size: 139 KB
  • #14,292
  • Jul 6, 2012 2:50am Jul 6, 2012 2:50am
Quoting Evaluator
Here is something else to think about...

EURUSD has have a break out of the downchannel to the downside.(see screenshot) On the 60 min chart one can see this clearly. Normally at a min. there is usually a retracement back to touch the bottom of the downchannel before failure and continue down as new downchannel is create.

However, if there is a price action movement that close above channel bottom and inside the old channel that point to possible more upward price action in EURUSD but at least I see a retouch of this channel as a ''healthy''...
After yesterday's ECB meetng do you see the EU going to 1.22 before the 1.31 gap?
  • #14,293
  • Jul 6, 2012 3:11am Jul 6, 2012 3:11am
Quoting grechmar
After yesterday's ECB meetng do you see the EU going to 1.22 before the 1.31 gap?

Target for me is 1.22 to 1.21500 before any meaningful bounce in my opinion. But as I say I think a healthy retrace will be to the 1.24500 level before next drop in EURUSD so one has another good level to sell EURUSD. (see chart on post #14295) I think after target is hit there is a good possibility for a major bounce in EURUSD but immediate term (this week) down is the theme for today.

Evaluator.:nerd:
  • #14,294
  • Jul 6, 2012 3:23am Jul 6, 2012 3:23am
I think that is UP
Attached Image (click to enlarge)
Click to Enlarge Name: 592071738.png Size: 94 KB
  • #14,295
  • Edited 4:26am Jul 6, 2012 3:40am | Edited 4:26am
...at an interesting level for sure on the monthly, but the 4hr shows indecision at a possible SR switch..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EUM060712.GIF Size: 26 KB
Click to Enlarge Name: EU4H060712.GIF Size: 34 KB
  • #14,296
  • Jul 6, 2012 3:48am Jul 6, 2012 3:48am
Quoting gtudor
I think that is UP
A bullish Gartley?
Timeframe a bit too high for M5 Symphonie trading though...
  • #14,297
  • Jul 6, 2012 4:43am Jul 6, 2012 4:43am
Quoting sidefx
...at an interesting level for sure on the monthly, but the 4hr shows indecision at a possible SR switch..
Indeed. And for the monthly trend (lower lows and lower highs) to continue, we need to visit the sub 1.20 area at some stage. Food for thought!
Attached Image (click to enlarge)
Click to Enlarge Name: EUM060712.jpg Size: 268 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,298
  • Jul 6, 2012 4:46am Jul 6, 2012 4:46am
Quoting realjumper
Indeed. And for the monthly trend (lower lows and lower highs) to continue, we need to visit the sub 1.20 area at some stage. Food for thought!

I agree! Good call...
  • #14,299
  • Jul 6, 2012 4:49am Jul 6, 2012 4:49am
Hi.... realjumper could you tell me if any of the indicators on your matrix repaint? not a problem if they do I just need(would like) to know that they do and how (i'll work out the how/why and where)

kind regards
  • #14,300
  • Jul 6, 2012 4:58am Jul 6, 2012 4:58am
Quoting icarusfx
Hi.... realjumper could you tell me if any of the indicators on your matrix repaint? not a problem if they do I just need(would like) to know that they do and how (i'll work out the how/why and where)

kind regards
On the Matrix that I use the top row (TVi) cannot repaint once the candle that spawned the matrix colour has closed. The 2nd row can repaint but not badly, the 3rd and 4th rows both repaint, sometimes quite a lot. At present I'm testing the Matrix that Xaphod has put together here, and on that Matrix only the 4th row will repaint.....and, the Matrix updates in real time so there is no need to refresh the charts to get the latest indications. The tests so far are very favourable indeed......fwiw
Doing what you like is Freedom. Liking what you do is Happiness.
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