Symphonie Trader System | Page 726 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Ci/symphonie extreme similarity explained! 144 replies

Symphonie/Cobra Hybrid System 4 replies

Symphonie trader or Genesis matrix 1 reply

Symphonie Trader System EA 73 replies

Yet another set of Symphonie Indicators 241 replies

Attachments: Symphonie Trader System
Exit Attachments

Symphonie Trader System

  • #14,501
  • Jul 12, 2012 5:55am Jul 12, 2012 5:55am
Quoting ohammond
I didn't say they weren't. I have no doubt whatsoever that you go in on a symphonie signal. What I said was you are ignoring signals that go against your more complex analysis. Now, whatever way you want to trade is absolutely nothing to do with me BUT there are a lot of newbies coming onto the thread that are taking notice of what you are saying as the originator of the thread and system, they are then taking trades based on your analysis and losing money, or are totally confused about what they should be looking at. Look at brimex "where...

Olivia,

The whole point is to keep trading with the trend....

I am in a constant quest to find the best guages for keeping one in the trend...this entire thread has been me searching for how to keep trading only Symphonie Signals with the trend and not repeat NOT take Symphonie Signals that are counter trend trades. (for example post #8129 or before that one post #2543)

You can read throughout this thread and you will see I have always NOT traded Symphonie Signals that were counter trend trades.....THIS ENTIRE THREAD!

So yes I do not take Symphonie Signals that are Counter Trend in my opinion.

I think you are trying to be a pureist and I am not a totally pure ''every'' Symphonie Signal trend and counter trend trader.....never have been nor will I ever be one.

I am a most definite ''trend'' trader so I will not take 100s or 1000s of trades I deem counter trend. If you search this thread you will find many many posts about me talking about the best way to trade with the trend or how I tested this indikator or that indikator to keep on in the trend and to NOT take Symphonie Signals that are counter trend.

If you do not believe that then you need to go back and review my posts and you will definitely see that I indeed only take selective trades using Symphonie signals always that are with what I think is the trend of a price action movement.

Evaluator.:nerd:
  • #14,502
  • Jul 12, 2012 5:56am Jul 12, 2012 5:56am
Quoting ohammond
WelL all I can say to that is this thread has gone way off course as far as I can see.

I think Eval was making far more pips before when he was just using symphonie instead of waiting and waiting for the right thing all the time with a wave count of this and that, many times completely wrong. Its not symphonie anymore and thats why I haven't been posting much at all, and it doesn't like its about to change all too soon.
Totally agree with you.

Its become more like an Elliott Wave coin throw thread.
  • #14,503
  • Edited 7:09am Jul 12, 2012 6:08am | Edited 7:09am
For those of you wanting to get through all the arguements about Symphonie, Elliott, etc....

Here is one that Symphonie called absolutely perfekt....

Here is where pattern recognition (Bearish Contacting Triangle) and Symphonie called it ''spot on''!

This is in the 5 min timeframe and once you see the pattern you can ignore the whipsaws and take the final Symphonie Signal that is spot on with the break of the trendline for a nice added pips to your account balance.

Pattern Recognition and Symphonie Signals...a deadly combinations and markt makers worst nightmare.

Evaluator.:nerd:

P.S. How did I know the pattern....? Hint...Thank you Ralph Elliott for your diagram on corrective waves to keep you with the trend.
Attached Images
  • #14,504
  • Jul 12, 2012 6:12am Jul 12, 2012 6:12am
Quoting Evaluator
Olivia,

The whole point is to keep trading with the trend....

I am in a constant quest to find the best guages for keeping one in the trend...this entire thread has been me searching for how to keep trading only Symphonie Signals with the trend and not repeat NOT take Symphonie Signals that are counter trend trades. (for example post #8129 or before that one post #2543)

You...
Good grief, its a good job I have to go out soon, but I will just say this....you know as well as I do that the "trend" can be either up or down depending on which timeframe you are looking at. And there have been plenty of posts lately where you have seen the H1 chart move up 200-300 pips and because you are convinced its not going to stay up because we are on wave count X of X you will ignore that obvious "trend" and instead copy and paste loads of news items that should convince everyone that its going the way you think. There are no posts then from you of trades taken "with the trend".
  • #14,505
  • Jul 12, 2012 6:30am Jul 12, 2012 6:30am
Wow, what a mess !

I think Symphonie is still a good trigger, probably one of the best but everyone needs to add a bit of their own "salt & pepper". It can be Elliot waves, manual trendlines, S&R, PA patterns, fibs, fundamentals or whatever ...

Will you take a trade just 5 minutes before an extreme- high-risk news ? Probably not. That news was your "salt & pepper" ...

Everyone needs to adapt an existing strategy to his own style, that's all.

RJ got his stochs, Yelena his confluence thing, Eval Elliot and I use PA.
Just fit Symphonie to your own trading style. The edge is YOU !

Cheers,
LhDT
#### Follow me at @LioH_ on Twitter ... ####
  • #14,506
  • Edited 7:03am Jul 12, 2012 6:31am | Edited 7:03am
Quoting ohammond
Good grief, its a good job I have to go out soon, but I will just say this....you know as well as I do that the "trend" can be either up or down depending on which timeframe you are looking at. And there have been plenty of posts lately where you have seen the H1 chart move up 200-300 pips and because you are convinced its not going to stay up because we are on wave count X of X you will ignore that obvious "trend" and instead copy and paste loads of news items that should convince everyone that its going the way you think. There are no posts...

DO you mean like post #14506???

Come on Olivia....I think you need to look at my posts. I have always been a technical trader....always. Therefore ''luck'' has nothing to do with it as you posted. I look at large cycle trends and then pick the areas I feel are in agreement and then trade the signals as they present themselves.

Do I win everytime?....NOPE....Do I have bad days?........Yes Am I right more than I am wrong and do my keep my bad trades losses small and maximize my winning trades?.....A B S O L U T E L Y! Lastly, do I follow Symphonie.....Yes indeed!

What you see and what I see are obviously two completely different views of the same picture. I see the ship riding up a wave you see a ship on the water... We see the same thing but we perceive them differently.

Maybe I am looking at a Daily chart and I see a trend that one in the 5 min timeframe does not....why? Because the larger timeframe it the driving trend of the markt. I look at dailys....well daily...lol

So I can guage where the markt will be heading.... but I trade in 60 min and 5 min so we may see the samething but I am precieving markt moves differently because my bias is based on the knowledge of something bigger than that a very small 5 min Symphonie Signal that maybe countertrend.

Now before you post a reply from emotion...please re read what I have said and look at my posts and you will see I have ALWAYS been consistant in my posts and how I trade.

To all New People and Beginners.....

SYMPHONIE is a complex System of indikators and method...It is a complete plan based on my trading style. I created this thread to help all to have a better advantage in trading.

It is VERY important for a trade to have a well rounded base of knowledge and that is why you will find on Post#1 this system that contains Indikators, Patterns, Money Management, ARS, and even Growth Plan to assist you in your Forex trading Growth.

It is absolutely necessary for all new people to LEARN the system with DEMO accounts only and then (only then) when you have a proven track record of success to move into trading real money. NEVER trade a new System cold.

Evaluator.:nerd:
  • #14,507
  • Jul 12, 2012 6:37am Jul 12, 2012 6:37am
Quoting lhDT
Wow, what a mess !

I think Symphonie is still a good trigger, probably one of the best but everyone needs to add a bit of their own "salt & pepper". It can be Elliot waves, manual trendlines, S&R, PA patterns, fibs, fundamentals or whatever ...

Will you take a trade just 5 minutes before an extreme- high-risk news ? Probably not. That news was your "salt & pepper" ...

Everyone needs to adapt an existing strategy to his own style, that's all.

RJ got his stochs, Yelena his confluence thing, Eval Elliot and I use PA.
Just fit Symphonie...
Exactly well said LhDT ...Symph+pa is my cup of tea...
  • #14,508
  • Jul 12, 2012 6:49am Jul 12, 2012 6:49am
Quoting lhDT
Wow, what a mess !

I think Symphonie is still a good trigger, probably one of the best but everyone needs to add a bit of their own "salt & pepper". It can be Elliot waves, manual trendlines, S&R, PA patterns, fibs, fundamentals or whatever ...

Will you take a trade just 5 minutes before an extreme- high-risk news ? Probably not. That news was your "salt & pepper" ...

Everyone needs to adapt an existing strategy to his own style, that's all.

RJ got his stochs, Yelena his confluence thing, Eval Elliot and I use PA.
Just fit Symphonie to...
LhDT,

Great post! I agree....One can find many different styles of Symphonie on this thread that all are slightly different from my originals on post#1.

Once you get the basics down then you can fine tune Symphonie to play the musik the way you like it.

Evalautor.:nerd:
  • #14,509
  • Edited 7:08am Jul 12, 2012 6:58am | Edited 7:08am
Quoting realjumper
I don't trade 24 hours per day......just 8.

I'm not tied to my computer......I have my life of skydiving and motorcycling.

This year has been no better or worse than any other year as far as market movements are concerned, but it has been a damn fine year as far as my account is concerned.

We have spoken about this several times in private Eval.....but you're not listening. You are making trading ever more difficult for yourself......and I keep on saying....TRADE THE SYSTEM.

You don't need to complexity of Elliot waves, which is an art, not...

RealJumper,

Yes we have discussed in private and for me your style of trade does not suit me and I have not been able to reproduce the level of success that I have with the way that I trade. Also, the way I trade obviously does not suit your style. So, yes I did listen and I am telling you my method suits me better.

You are correct....Elliott can be very difficult and I ask no one to learn it. I am asking people to learn patterns for they repeat over and over and over again and they are simple to learn and interpet because it makes ones life very simple and you know at a glance which Symphonie Signals are with the trend and to take and which ones are counter trend and to keep your stoplosses close and be ready to close at a moments notice.

Again, I like patterns because they show one where it is going and Symphonie tells you the turns just like in my post #14506.

Evaluator.:nerd:
  • #14,510
  • Jul 12, 2012 7:20am Jul 12, 2012 7:20am
Quoting Evaluator
RealJumper,

Yes we have discussed in private and for me your style of trade does not suit me and I have not been able to reproduce the level of success that I have with the way that I trade. Also, the way I trade obviously does not suit your style. So, yes I did listen and I am telling you my method suits me better.

You are correct....Elliott can be very difficult and I am asking no one to learn it. I am asking people to learn patterns for they repeat over and over and over again and they are simple to learn and interpet because it makes ones...
The interesting thing about pattern recognition is that there is just about a pattern for every scenario that you are likely to come across, and no one can (or should) remember all of them....and it's not necessary.....because, as you correctly said, Symphonie called it "spot on".

The problem with patterns is that they set a bias in your mind. Bearish Contracting Triangle.........so you expect the PA to drop......and you wait for it to drop. On this occasion, it did......but that doesn't always happen.

Having a bias is bad for trading. Why? Because you will sit there and watch a 60 (or more) bull run and not enter because you have a bias towards the bears. I'm not saying that a trader should enter every pullback, in fact I don't and never have recommended that, but if you look at any chart, especially the Daily, you will see some huge pullbacks that are well trade-able and very profitable.

Anything that sets up a bias in your mind.....and Elliot is great for that.....is BAD for a trader. It is essential that you don't get married to an idea. You *must* remain open and flexible......to be able to bend like a tree in the wind....no matter which way the wind blows.

Of course the Daily chart shows the trend......for anyone who is trading on the Daily.....which must be about 1% of traders. But, when the trend changes, the Daily will only show it after it has traveled about 1,000 pips. The smaller timeframes will show it first.

Whether you realise it or not......you DO trade counter trend......and you do it all the time. It's a matter of perception. A strong bull run on the H1 might be 500 pips.....but it's a counter trend trade on your Daily chart. Are you going to sit that out because it's against the trend? I don't think so!!

I cannot know and recognise all the patterns......no one can. I know the common few, but more importantly, Symphonie will get it "spot on" and show me the entry whether I recognise the pattern or not!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,511
  • Jul 12, 2012 7:30am Jul 12, 2012 7:30am
Quoting ohammond
you were posting that you only traded from London open to London close,

I have never only traded London session...not enough volume or price action movement. I trade Europe open to middle day USA markt time even when I trade 3 days a week I always trade full Europe sessions.

Evaluator.:nerd:
  • #14,512
  • Jul 12, 2012 7:42am Jul 12, 2012 7:42am
Quoting realjumper
The interesting thing about pattern recognition is that there is just about a pattern for every scenario that you are likely to come across, and no one can (or should) remember all of them....and it's not necessary.....because, as you correctly said, Symphonie called it "spot on".

The problem with patterns is that they set a bias in your mind. Bearish Contracting Triangle.........so you expect the PA to drop......and you wait for it to drop. On this occasion, it did......but that doesn't always happen.

Having a bias is bad for trading. Why?...
Realjumper,

You are correct there are many patterns to the markt but you must admit that the basics (ones you can find on baby pips) and the onces I posted from Elliott happen with regularity and these basics can be a very important tool to have in your war chest. Why? because they happen over and over and over and over again...

As to Elliott being bad for a trader....I disagree because it has done me very well and made me alot of pips in the past and present day.

Also, I use a daily as my trend direktion for trading Symphonie 60-5 so I am always keep with the larger trend in my trading. Also, if you look at the screenshot there were 3 Symphonie Signals buy sell buy sell up down that if one traded straight signals you would loose in the consolidation versus knowing the pattern and recognize what is happening and waiting for the optimal moment to take the most efficient and least whipsawed trade.

As to the bias of the trade you are correct it was bias to the downside...why? Because the price action was dropping and this was a clear pennant or contracting triangle that is a continuation pattern that price action is going to continue to drop. That is basic techical analysis that is important for all traders to know.

There is a reason that Symphonie works and that is because is it based on patterns and catching price action movements onthe backside of the actual time the movement occurs. The pattern is the foretelling of where and Symphonie is the ''when''.

Evaluator.:nerd:
  • #14,513
  • Jul 12, 2012 7:48am Jul 12, 2012 7:48am
Quoting Evaluator
Realjumper,

You are correct there are many patterns to the markt but you must admit that the basics (ones you can find on baby pips) and the onces I posted from Elliott happen with regularity and these basics can be a very important tool to have in your war chest. Why? because they happen over and over and over and over again...

As to Elliott being bad for a trader....I disagree because it has done me very well and made me alot of pips in the past and present day.

Also, I use a daily as my trend direktion for trading Symphonie 60-5 so I am...
Oh very well then......have it your way....sigh.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,514
  • Jul 12, 2012 7:49am Jul 12, 2012 7:49am
Hi All,

My second day of demo on symphonie M5 EU & EJ netted $106 on capital of $2000, following Evaluator's money management on post 1. 7 trades of which one is a bad trade, losing $46.50.

The 4 reds & 4 whites keep appearing frequently but M5 timeframe gives quite a number of bad trades. A lot of judgement is needed to avoid the not so high probability trades, eg. restrict the timeframe to UK trading hours, taking trades nearby horizontal lines. The stress is "should i enter?" "should i not?" should i? should i not?.......

Perhaps M15 might give a higher success rate, but then again, i briefly glanced through chart, it's at most 2 trades per day, means a lot of patience is required waiting for hours for the 4 lights, and if the trade goes bad, then . Anyone trading M15 using RJ strategy likes to share experience?
  • #14,515
  • Jul 12, 2012 7:51am Jul 12, 2012 7:51am
Eval,

may I suggest to put these last posts where you and other master traders talk about trading and Symphonie in the first page of this thread with all the others indications.

I think this comparison of styles and thoughts should be the first reading of any trader coming close this system before starting to use Symphonie.

Thank you guys

ciao

wiz
You control how you trade; the market controls how and when you'll get paid
  • #14,516
  • Jul 12, 2012 7:53am Jul 12, 2012 7:53am
Quoting Nipponho
Hi All,

My second day of demo on symphonie M5 EU & EJ netted $106 on capital of $2000, following Evaluator's money management on post 1. 7 trades of which one is a bad trade, losing $46.50.

The 4 reds & 4 whites keep appearing frequently but M5 timeframe gives quite a number of bad trades. A lot of judgement is needed to avoid the not so high probability trades, eg. restrict the timeframe to UK trading hours, taking trades nearby horizontal lines. The stress is "should i enter?" "should i not?" should i? should i not?.......

Perhaps M15 might...
I recommend you read all the tips and links on post #1 because it will help you with how to best trade Symphonie.

Evaluator.:nerd:
  • #14,517
  • Jul 12, 2012 7:56am Jul 12, 2012 7:56am
Quoting wiz3003
Eval,

may I suggest to put these last posts where you and other master traders talk about trading and Symphonie in the first page of this thread with all the others indications.

I think this comparison of styles and thoughts should be the first reading of any trader coming close this system before starting to use Symphonie.

Thank you guys

ciao

wiz
Ugh...to much work and too many posts...it would clutter up post#1 worse than it already has become.

So the short answer is...Nice idea but no.

If you want to re read all 15000 posts and put them together on one page and post here that would be great but I have not time or energy to do that.

Evaluator.:nerd:
  • #14,518
  • Jul 12, 2012 8:03am Jul 12, 2012 8:03am
Quoting Evaluator
I recommend you read all the tips and links on post #1 because it will help you with how to best trade Symphonie.
Evaluator.:nerd:
Yeah, i wanted to read the whole thread from page one all the way till page 900+. I have stopped at page 126. I learned one thing from my demos : the matrix cannot be followed blindly, ie. 4 whites, buy, 4 reds, sell. The wicks of normal candlestick helps, and also the yellow horizontal lines too.
  • #14,519
  • Jul 12, 2012 8:03am Jul 12, 2012 8:03am
Quoting Nipponho
Hi All,

My second day of demo on symphonie M5 EU & EJ netted $106 on capital of $2000, following Evaluator's money management on post 1. 7 trades of which one is a bad trade, losing $46.50.

The 4 reds & 4 whites keep appearing frequently but M5 timeframe gives quite a number of bad trades. A lot of judgement is needed to avoid the not so high probability trades, eg. restrict the timeframe to UK trading hours, taking trades nearby horizontal lines. The stress is "should i enter?" "should i not?" should i? should i not?.......

Perhaps M15 might...
I think there are a few people here who trade M15 charts. You have to bear in mind that sometimes M15 has it's bad days too. Sometime that's just the way it goes. Looking at todays M15 charts, they look great.....but sometimes they are terrible yet M5 is quite trade-able. M5 and M15 are the two charts I look at most often......I switch between them all the time.

You have done well for your second day though......that's a great result for just 2 days on the system
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,520
  • Jul 12, 2012 8:12am Jul 12, 2012 8:12am
Quoting realjumper
I think there are a few people here who trade M15 charts. You have to bear in mind that sometimes M15 has it's bad days too. Sometime that's just the way it goes. Looking at todays M15 charts, they look great.....but sometimes they are terrible yet M5 is quite trade-able. M5 and M15 are the two charts I look at most often......I switch between them all the time.

You have done well for your second day though......that's a great result for just 2 days on the system
Thanks. But i am in negative $20 today as of now. U know m5 requires a lot of attention plus the mental stress of having to make decisions. Today & yesterday are very difficult days for M5. I avoided a number of losses because i managed to grab only a few pips & run quick enough when i feel not quite right after entering. I behave like a mouse, each time i come out of mouse hole, i grab a bit of food & quickly go back to mouse hole to hide again. Otherwise i will end up like Brimex, keep hitting SL.
5 traders viewing now