Symphonie Trader System

gbroker....

Please see post#1 for statistical trade information on trading Symphonie. You will find that information you desire.

As to timeframe I refer you to my post #9556 for a comparison of different Timeframes and the results of trading each.

Evaluator.:nerd:

Looks like a clear double top forming with a well defined rally rejection at the Daily Pivot. I look to sell again a Symphonie Signal below the 60MA line.

Attention now focus on the my first level target bottom at 1.21500 or potentially lower.

Evalautor.:nerd:

New cypher on the cable.

On the M5 we have a forming bearish bat heading right on the D wich also could be an entry for a cypher retracement till E (between 32 and 61 fibonacci level).

Wait and see, looking for valid sympho signal.

Regards,

Fable

I almost fall out of my chair laughing on this comment.


Draghi speaking to EU Councel on ECB actions on crisis and the credibility of the EURO.

''There is not much the ECB can do about the crisis, however we are very creditable.''

First I was.... then came .......

This clown has no idea what he is doing.

Evaluator.:nerd:

Thanks alot for your help I think ill try it, getting stopped out too often on M5.

Goes with the job Eval.....his predecessor wasn't the sharpest knife in the drawer either.....lol

candle closed above 1.414 pattern canceled

It appears we have two levels to watch in EURUSD.

A break above 1.23200 looks for more upward momentum to 1.23800 possible 1.24500

However, a break and houly close below 1.22800 puts the focus on continued downward price action and resumption of downtrend with a bottom target of 1.21500.

Best of luck

Evaluator.:nerd:

My first 60 min symph trade
Lets see how this one turns out..Im long au.

Sorry to sound naive but I can see all the attachments on the first post but where do I go from there; i.e. what do I have to install?

Regards

So today was my first attempt at the Symphony System. I guess I'm glad that it was on a demo account because I wasn't able to perform very well with it.

Is it safe to assume that today wasn't the best day to use the M5 chart on this system? I spend all day today on that chart and every time the price seemed to claw its way past the broker's spread I'd be faced with an opposing extreme spike which would continue for 3 to 4 candles.

Per the system rules, this was a call to exit the trade every time as nothing was zipping up past the 30 pips worth of profit level.

Should I have known to go to a higher time frame? What do you look at to determine that the 5 minute charts are a no-no for that particular day?

Thanks in advance for your help.

In the 400 odd pages that you say you have read of this thread, you would have come up against most of what I am about to say, several times already.

It is no good spending "all day" on any chart, no matter the timeframe.

Firstly, the market will give up pips when it wants......not when it's convenient to you. The times when the market is most likely to give up pips is between Frankfurt open and about 2 or 3 hours after NY open. During those times there was 3 opportunities to make some pips, but they were only small trades. That's the way it goes sometimes. Sometimes the market will give up pips at other times, but not on a regular basis.

Secondly, the total movement of EU yesterday was about 58 pips.....top to bottom, which is far below average and it doesn't matter which timeframe you view...58 pips is as good as it got. Most traders were not surprised either, because this month already, the market has given up 400 or so pips. Were you not expecting the market to take a breather at some stage?

Instead of taking each and every signal and then being disappointed, surely, at some stage you realised that the day was going to a slow day? Days like yesterday happen every so often......in fact....the market ranges more than it trends and you'll have to learn the difference.....and you'll also have to learn when it's better to keep your money in your pocket rather than make stupid trade attempts! There is nothing wrong with sitting out the whole day.....or even 2 days or more. The high probability trades are the ones you should be aiming at, not the low probability ones.

Now, do yourself a favour, and go here and do entire course......it's free....and you'll learn a lot. You may wish to do the course a couple of times. Then, come back wiser and better able to handle the various moods of the market. Don't worry about opportunities missed while you're gone.....the market will still be here when you get back.

RJ

Breaking News....

''There will be no further Greece bailout payments until after Trokia works out payment plan and Greece increases Austerity measure to prove fiscal soundness.'' -- Reuters




That is a laugh because with the first Austerity Measures, instead of cutting Government work roles they increased 30,000....unter the second Austerity plan where more Government workers were to be cut Greece added another 25,000 Govenment workers....

In both instances Greece said that cut Govenment jobs.....THE LIED!!!

Why would anyone believe them this time.... what a joke and a bad one at that!!!

Evaluator.:nerd:

Here is an excellent example of why I find Symphonie 60-5 and trendline breaks so powerful.

First we have the standard Symphonie Signal in 60 min (sell) that breaks the 60 min uptrendline. That is the sign to begin looking to the 5 min charts for a sell signal. But as normal with a Symphonie signal there is a degree of pullback or retracement from the markt. This give us a second trendline in the 5 min chart to watch for breaks and the true entry point for the next 5 min Symphonie signal.

Once that trade is execute I move back to watch the 60 min chart and ride out the trend as it move to completion. (in this case a downward movement)

Very Simple....very clean.....VERY Symphonie

Evaluator.:nerd:

P.S. I will add one thing....as is common with normal trendline breaks always look for a break and retest of the trendline bottom before the movement contiunues downward.

Bouncing off 1.2282 doesn't seem like S I took at all... Another shitty day is about to come I see...

Looks like thats exactly what just happened,now just has to hold :nerd:

...didn't take the London open short, despite the momentum candle given it was right on top of the support zone. Took the subsequent long signal just above the DP.

Exactly as I said.... Another shitty day.... Aff, I don't have profitable trades at all...

Symphony Signal
Move above pivot
Trendline break
Fractal break

Confirmations: higher timeframes, above Coral
30 pips banked, target R3 1.02482

EU politicians are spinning the ''rainbows and lollies''.....on how they are coming to the rescue and the EURO - ZONE is saved..... Once all the hype stops the EURUSD should begin to drop back down from the sugar rush.....because they are not really saying anything different than what was said yesterday...only different people are saying the same thing...

For now...I am ready to sell this rally.

Evaluator.:nerd: