Symphonie Trader System

To me working in more than 2 currency pairs is too much for my brain to handle. I only concentrate on one currency pair EURUSD and sometimes 2 if I feel adventurous. The reason...easy...I can focus all my energies and keep concentrated on all the other markt influences for that one pair and not be split over multiple pairs making it harder to keep focus.

Again with the Symphonie 5% weekly 2 Year plan I am only talk about make 10 pips per day....If you make more then great because it balance out the bad days but by the end of the week making sure I have a positive 50 pips of growth per week. (i.e. 5% account balance growth)

Also, looking at your post you are not using ARS and seem to be spread chaotic over multiple areas that is really throwing your ratios off balance. As per ARS, the maximum, one should have at risk at any one time is 0.10 lotsize per 1000.(not 0.10 per currency pair.....0.10 per 1000$ total!)

You said

So that tells me you account is very many over margined and has the potential to kill you at any one time.

I highly suggest that if you are indeed only start with 1000$ then stick to one pair using ARS and the Symphonie Money Management rules. I think you will find that your returns while smaller will be more consistant and you account will have consistant growth and not be over margined at any time.

Best of Luck.

Evalautor.:nerd:

P.S. Congratulations on a 40% return in one week....!

To have a full sense of what is happening in the markt it is necessary to step back and take a ''big picture'' look at markt price action of the past few years from a Weekly perspective to get a full understanding of levels and what may happen over the next few months.

Outlined below are two senarios on what I think will happen to the EURUSD. In both cases I believe that there will be a reach to parity of the EURUSD but as to how the EURUSD gets to that point is anyones guess.

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Senario 1 (my prefered) is that price action will reach the 1.20500 support line that was established in Apr 2006 and Dec 2009 as bottoms were reached and the Euro rallied at that point. I think that there will be one last rally in the EUROUSD as the EU and ECB have one last time pull a trick to fool the markt to thinking that all is ''rainbows and lollies'' and all is well and there is no more EURO crisis. I think this rally will be short lived as the EURO makes another miracle rally to 1.38 before the PIIGS nations will be joined by France and the EU Zone comes crashing down where the EURUSD reaches parity and will stay at that level for perhaps a full year or before markts recover. Germany leaves the EURO in effort to protect and save its economy and banking system. Followed by other solvent European nations.

http://www.spiegel.de/international/...-a-832968.html

http://globaleconomicanalysis.blogsp...ro-rather.html

I think the EURUSD will then explode off the charts as Hyper Inflation sets into the USD because the debt burdens that have not been realized for 40 years in USA and this disaster of the USA banking structure will finally be realized and everyone will run from the US Dollar. (estimated timeframe....4 to 6 months)


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Senario 2 this is a more short term senario where nothing will happen in Europe to stop the latest drive down in EURUSD and markts will begin to freeze up as liquidity and investments come to a complete halt as the ECB is unable to stop the PIIGS nations from defaulting.

http://www.zerohedge.com/print/451576

http://www.bloomberg.com/news/2012-0...-rate-cut.html

I think that price action will again reach the 1.20500 level and some short term rally (closing of carry trade positions) will push EURO price levels back to the bottom of support turned resistance from Sept 2008 at 1.24500 before taking the plunge as Greece fully defaults and leaves Euro followed by a domino of Spain, Italy, Ireland defaults that forces France into default...This will force Germany and Finland to leave the EURO in effort to save their respective ecomonies as the EURUSD plummets to Parity...Again.. EURUSD comes crashing down where the EURUSD reaches parity and will stay at that level for perhaps a full year or before markts recover. I think the EURUSD will then explode off the charts as Hyper Inflation sets into the USD because the debt burdens that have not been realized for 40 years in USA will finally be realized and everyone will run from the US Dollar. (estimated timeframe 30 to 90 days)


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In either instance I think the USA dollar is doomed long term because they have a 17 trillion dollar debt burden (interest alone is 1.2 trilion annually) that is totally unstatainable and just like Greece they will be bankrupt publically very soon. Their own head of the USA Central bank says so....(sadly no one is really listening)

http://www.policymic.com/articles/7148/ben-bernanke-u-s-debt-at-unsustainable-level

So it is only a matter of time before the denial becomes reality on the world markts.

Also, the individual states are about to begin declaring bankruptcy themselves

http://www.huffingtonpost.com/2010/1..._n_792254.html

beginning with the most populated state California.

http://news.yahoo.com/stockton-files-chapter-9-bankruptcy-024557558.html

http://www.bloomberg.com/news/2012-07-03/mammoth-lakes-california-files-for-bankruptcy.html

http://globaleconomicanalysis.blogsp...ankruptcy.html

http://www.thefiscaltimes.com/Articl...ome.aspx#page1

In the History of the USA no state has ever declared bankruptcy(not even in the Great Depression of the 1930s) but I think it will happen as the financial markts collapse caused by the dramatic deflation of the US dollar as Europe finally implodes from the weigh of its own mistakes. However, I think from this crash Europe will also be the first to bounce back and will come back to life much stronger then before the creation of the EUROZone and once again Europe will be the center of the worlds finacial markts.

In the meantime...the fall of Europe and USA will push Japan and China over the edge and they too will collapse as defaults push Japan's system off a cliff plunging them into a lost century because they are so heavily invested in the USA..... this will destroy Japan financially.

China will fall because it will not have a trade partner able to buy their goods and services forcing them also into a depression that will last many years. But there also I see a great new beginning as the world markts reset and restart over.

The sad part is alot of this could and should have been avoided but because of all the STUPID politicians and monetary policy actions by interventionist Central Banks has only pushed out the Global RESET and made the actual crash worse than it could have been.

The GREAT RESET should have happened over 2 years ago.....and we would all be better off now from a crash then than what is about to occur.

The GREAT Crash will come it is not a question of ''if'' it is more just a question of ''when''....For us in the Forex markt...all I see is great opportunities to increase my wealth dramatically as the forces of FEAR and GREED finnally take hold push the worlds emotions to extremes.

Evaluator.:nerd:

The reason I don't watch just one currency is lack of opportunity sometimes. Because I only like to take high probability trades they are not always present enough on 1 currency. By watching the 4 I like to watch I can be in the market with high probability trades most of the day. I only place a maximum of 2 trades at any one time until they're at least to BE. Mostly my risk is 5% per trade on each one not between them, the reason being I treat them as separate trades, I have no idea if I'm going to have 1 trade in, or 2 at the time its placed (they very rarely signal at exactly the same candle) so I don't mess about with the lot size.

My target per day is 50 pips for each currency I'm watching.

Thank you RJ and Kojak,
I agree on the philosophy ... now I need to transform it in a tactical plan

thank again

wiz

Have watched this thread for a while, on more than one FF profile. Interesting stuff. Hat-tip to Evaluator for all the work he's done. Just wanted to point a little something-something out:

France and Italy are both currently suggesting they "remove the EU-imposed governmental budget deficit limit". Germany(read: Merkel) appears to tentatively agree with this idea.

Might be no merit to it, or they may actually go ahead with it. The EU ditching budget limits in favour of 'economic spending boosts'. Sounds messy. Not to mention completely contrarian to austerity models.

Ohammond,
50 pips/day in an incredible goal.

With cumulated ARS MM and an average 50 pips/day win one can transform 1$ into about 109.000$ in a couple of years (obviously without any withdrawal and without taking into account any other factor).

Anyway from my point of view if someone can consistently win 50 pips per day he/she can trade for living seriously.

ciao

wiz

@wiz3003:
when he will make 50 pips/day then he could be a millionaire with starting @ $1000 in just 1 year.
If and only if he turns up the leverage with the growth of his account every month with a leverage factor of 2.

@ohammond:
Interesting for me that you are doing nearly the same like me with your System.
With my System I plan to have 3 monitors in the near future to observe 12 currencies at the same time.
My question to you:
Which TF do you trade and how many hours do you spend a day to trade ?

Thanks for an info.
Greeds Zack

Interesting read. Many crisises have spilled across the pond in the past.

http://www.guardian.co.uk/business/2...bold-solutions

Fullpip

Weekly chart is too high a timeframe for M5 Symphonie daily trading, but we have a couple of bullish stochastic divergences (the price makes a Lower Low (at A & B) but the Stox makes a Higher Low (at C & D)) here so we could very well have the pullback that you mentioned over the coming weeks.

Evaluator,

First, thanks for sharing such a system that seems to work well assuming it is managed well (funny how that works).

Do you know if anyone has converted this system into an indicator compatible with Ninja Trader?

Thanks,

Neal

I was trading both H1 and M5 separately, but now I am just on M5, hours vary depending on what else I have to do in a day, but around 6-7 hours on average.

Yes....you could argue that the first bullish divergence has already completed, to the tune of some 450 pips, and the second one has yet to be confirmed.....but either way, well worth keeping an eye on

Hello RealJumper

Have you come to any conclusion on whether your version or Zaphod's version of the matrix is more reliable. Thank you

Bluesky

Hello traders,

I apologize if this has come up already but is there anyone who can guide me to a post or a site regarding a tutorial about the Symphonie system using on Marketscope? I d/l the indicator on fxcodebase.com, but am unable to get the correct readings. Maybe I have the incorrect settings? Any light-shed will be appreciated.

Gracias,

This Guy

Still testing various things, but at this stage yes, the Xaphod Matrix seems more reliable.

Hey all...I've spent the past few days going through this thread. I'm over 400 pages into it and today I downloaded the v3.0 indicators and installed them and brought up the various templates. They all seem to be working.

Here's my problem. When I load up the Heiken Ashi matrix indicator (not the candles) the top row is all one color. I thought that someone else had this problem but searching through the massive thread didn't pull up a solution.

I've installed all the indicators that are in the v3.0 pack, so if the heiken ashi matrix relies on them, they should be there. I've also restarted the platform and refreshed the chart itself. What should I do next to try and get it to work?

I'm setup with Trading Point on a demo account...in case that matters.

Hi FXAssassin,

I'm not sure exactly what you mean by Heiken Ashi matrix ... but, if you're meaning the Symphonie Matrix then someone did once have a problem with the top line staying all one colour ... a number of things were tried and I think it was resolved eventually ...

see here - http://www.forexfactory.com/showthre...23#post5741023

Otherwise, screenshots may help us figuring out exactly what you mean.

(p.s. I'm kind of new here too so I may not be able to help fix it much, it's just that I happen to remember this post)

This is sooo funny...Listen to Nouriel Roubini from Sunday and what he says are the problems and what will happen with global economies and then go back to my post from Saturday (post #14325).....I think Roubini is reading our ForexFactory thread.

http://www.zerohedge.com/print/451636

Evaluator.:nerd:

I've attached a screen shot of the MTF Heiken Ashi Matrix. It seems as if it's actually working now. When I originally posted, the recent change was not there. I found out you'd have to go all the way back to July 3rd to see it make a change as we've seen today.

Dunno why, but it doesn't really matter as it seems the thing is working.

I also had a lot of problems with the matrix. Couldn't get it to work properly. My problem was that I had too many indicators in my indicator folder, probably conflicting with some Symphonie indicators.
Try this: install a second Metatrader on your computer and put the Symphonie indicators and templates in the right folders of the second Metatrader. These folders are not overloaded with all the indicators you gathered over time. Then try loading the template and matrix indicator. I bet it works now