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Symphonie Trader System

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...
I don't disagree at all with your post. We all add something of our own there is no denying it and thats not something I have any problem with whatsoever, the problem comes when whatever else you're doing completely takes over your posts.

I would say the same things to RJ as I said to Eval if RJ said the stoch was way oversold, there was no way it was going to go down any further, and that it had reached a bottom and then posted article after article pointing out which analysts agreed with him....in full... including video. Then I would think RJ had a problem and would say something to him.
I think since this is Eval's thread he can post whatever he pleases and as far as I can see he is trying to help us less experienced traders.

Keep posting Eval we will keep reading, thankfully!
Vandag is die dag.....
Quoting ohammond
I am not going to carry this argument on, its completely pointless because you're not really listening to what people are saying, but in this case, I didn't say you only traded the London session, I said you traded from London open (sorry I was wrong on that you start an hour earlier) until London close which is at 5pm London time (around halfway through US session) and my point was, you were making money without trading 24/5.

Olivia,

I have heard every word you have said and I am telling you that I have not changed my point of view and have always traded the way I have always traded and nothing has changed. I have not become ''to Elliott'' in my posts and I have been consistant in my manner and style. Just look throughout the entire thread and you will see that. I have always traded Symphonie the same way...my posts have always been full of patterns and Elliott points and they always will be because I find that style suits me best.

Yes ......I heard and understood your point about the noobie asking what do I think and if you look at through this thread that has always been a question form noobies....I do not want to enable someone I want to empower someone because I want them to learn for themselves...maybe it was wrong to answer his post but at the time I was feeling generous.

Yes you are right I made money using Symphonie and I was making money with Symphonie before I started this thread. I started this thread as a way to show people how I trade using the tools I have tested and learned over many years of trading Forex.

Symphonie Indikators are nothing but a set of tools to use in trading. In markt situations I try to use all my tools to be most efficient manner I can because at the end of the day it is my money and I want the best return I can achieve with my money. I am not a purist and I do follow the rules I set forth in post #1 everytime I make a trade. I use the same exit strategies as defined...I follow ARS, same stoploss, and look for the same signals just like everyone else.

Yelena says as her motto...''High probability trading using Symphonie'' and I expect that you and all the other oldies on this Thread do the same...RJ and his Arrows and Heiken Ashi candles, Yelena in her take profit 10 pips and 1000 currency pairs at the same time...you with your take profit and stoploss algorithms or daily pivots....

We all have some style by which we use Symphonie and its signals to squeeze the maximum amount of pips out per trade. So, I think you are getting over sensitive to my usage of Elliott as my trend guide and not specifically only using Symphonie Signals on each and every trade. I don't trade counter trend like RealJumper because I feel uncomfortable...if it suits him that is great it does not suit me.

What you see that maybe the opposite from you where I may think my actions are '' with the trend'' in my opinion and my view of the markt direcktion. If I state that I stay in one direction and miss some counter trades then isn't that my business???
OK. I am wrong sometimes and I will be today, tomorrow, and until I stop trading forex but that is why I always have said I am just an ''average'' trader.

Olivia, from what Yelena says you make 100s of pips daily. Why don't you put together a write up on how you trade Symphonie like RealJumper did...let people see your Symphonie method. I will add a link on post#1 to your post for all to see. I personally see you as a very smart individual and a pip monster like RealJumper, Yelena and many others...

You make great contibutions here on this thread and I as I am sure others are most greatful for your contributions. Also, if you wish to discuss indepth in private you have my Skpye address....ring me...I will answer...I promise and we can discuss and you can make your points to me in real time.

Wishing you all the best always.

Evaluator.:nerd:
Quoting yelena
thx but ohammond racks 200 daily. 300+ is her regular.
Do a proper money management, pips per day doesn't say nothing at all.
% per day is the key. You can make 100 pips a day with 200 winning pips at 1 lot and 100 loosing pips at 3 lot ... You will be negative for the day.

Focus only on % per day. Nothing else !

Edit : yesterday I had a loosing period with a negative 75~80 pips during London open. I was bullish euro (damn me!) and playing trendlines. But I recovered everything scalping M1 in US made with high lots. The day was overall -40 pips with but with 3% positive account.
#### Follow me at @LioH_ on Twitter ... ####
Quoting ohammond
I don't disagree at all with your post. We all add something of our own there is no denying it and thats not something I have any problem with whatsoever, the problem comes when whatever else you're doing completely takes over your posts.

I would say the same things to RJ as I said to Eval if RJ said the stoch was way oversold, there was no way it was going to go down any further, and that it had reached a bottom and then posted article after article pointing out which analysts agreed with him....in full... including video. Then I would think...

Olivia,

You don't like the news stories and video commentary that effect the EURUSD...that is fine be me... I will stop then. I do it to help others and get them to think about cause and effect....and markt drivers and look for news on their own and give them some webties and resources to help with trading.

The reason I post is to demonstrate the factors of FEAR and GREED are alive and well in the markt and how they do effect price action that translates into markt signals from Symphonie.

I post music sometimes because I find that classical music helps one concentrate and expands your mind. I can stop that one too.. all you have to do is ask.

It is fine with me...no ego to bruise here ....I won't post another article because as you say it is a distraction.

Evaluator.:nerd:
Evaluator:

The learning never stops. Please keep it coming. You are doing a terrific job!
- Play Smart!
Quoting lhDT
Do a proper money management, pips per day doesn't say nothing at all.
% per day is the key. You can make 100 pips a day with 200 winning pips at 1 lot and 100 loosing pips at 3 lot ... You will be negative for the day.

Focus only on % per day. Nothing else !

Edit : yesterday I had a loosing period with a negative 75~80 pips during London open. I was bullish euro (damn me!) and playing trendlines. But I recovered everything scalping M1 in US made with high lots. The day was overall -40 pips with but with 3% positive account.
Sorry.....I completely disagree with you on this one. Percentage increase of account is a good thing to keep an eye on, for sure.....but is doesn't help any of the newer traders here see what sort of gains they can make with this system, or what a realistic daily gain can be.

For instance, my daily target is 100 pips. If I have a $100,000 account and I choose to make 0.5 lot trades, the percentage increase in my account will seem very small.

The reality is that it's no ones business except mine how my account is doing, or whether I take tiny percentage gains like in the example above.

For my own personal information, I completely agree with you, but as far as posting goes, pips won/lost is the only reliable benchmark with which to measure our gains and losses because pips won/lost, we are all looking at the same thing.
Doing what you like is Freedom. Liking what you do is Happiness.
H4 Bullish Divergence might be worth keeping in mind....
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Doing what you like is Freedom. Liking what you do is Happiness.
[quote=realjumper;5837527]Sorry.....I completely disagree with you on this one. Percentage increase of account is a good thing to keep an eye on, for sure.....but is doesn't help any of the newer traders here see what sort of gains they can make with this system, or what a realistic daily gain can be.

For instance, my daily target is 100 pips. If I have a $100,000 account and I choose to make 0.5 lot trades, the percentage increase in my account will seem very small. Quote

RJ

100 pips a day may make one a very good trader but not a very effective one if it only grows the account by 1%

Surely in any endeavor in life the aim is the biggest effect with the least effort, row downstream if possible, use a loudspeaker when addressing a crowd etc

It must be easier to make 10 pips per day than a 100, so 1% per day with 10pips must be the smarter way. If one is confident in your ability, why won't you make 1% every 10pips, why take ten times the risk. The longer you are in a trade the bigger the risk

What makes you comfortable is your business but I think it is misleading to say make many pips for small gains, forex is too risky for small gains, if 5% a year is the aim I think forex is the wrong vehicle

IMO
Vandag is die dag.....
Quoting Leokira
100 pips a day may make one a very good trader but not a very effective one if it only grows the account by 1%

Surely in any endeavor in life the aim is the biggest effect with the least effort, row downstream if possible, use a loudspeaker when addressing a crowd etc

It must be easier to make 10 pips per day than a 100, so 1% per day with 10pips must be the smarter way. If one is confident in your ability, why won't you make 1% every 10pips, why take ten times the risk. The longer you are in a trade the bigger the risk

What makes you comfortable...
I was making a point........not quoting exact practices.......which is why I said "for instance *if* I have a $100,000 account and I choose to make 0.5 lot trades......."

The point, that you have so obviously missed, is that posting account percentage increase rather than posting the pips won or lost is of no educational value whatsoever to any noobies trying to learn this system because the constant is the pip........whereas percentage increase is easily misleading
Doing what you like is Freedom. Liking what you do is Happiness.
There is no right or wrong to this argument, but time in the market is risk, make it count, reduce risk.

But you are correct, pips show the comparitve ability of the trader and trading strategy.
Vandag is die dag.....
In my opinion since my name was brought into this discussion.....it does not really matter.

What matters is up to the individual how they best feel to profit.... Whether one does it by pips made or % increase or % of account balance increase does not matter to me.

What matters is that you have more winning trades that increase your account balance when that trading day ends. More importantly one need to develop their trading skills to the point where one is always having a net increase a the end of the week and not a net loss.

One can never go broke banking a net increase to their trading account...only net decreases can do that...

So what method one uses to calculate their account growth is not of importance to me; it is the consistancy of increase in my account balance that is my primary concern.

As to a plan....that is up to the individual and how one trades Symphonie, because of its robust design, is really up to them and what various of Symphonie trade method suits their comfort level. I laid out a simple 10 pip a day net plan (see post #14318) following ARS that I think is very conservative and possible for even the most average of traders. Keeping consistant growth that is the hard part.

Evaluator.:nerd:
My 2 cents on this...

For the 'newer' traders, I would say that you must concentrate on the amount of pips that you are getting out of all your trades on average, rather than the %.

When you add all your daily trades including the losing ones (- pips) you end up with an average: say that you manage to get +40 pips made up of these 6 daily trades for example: +25 +30 -15 +10 +20 -30.
And you get these +40 pips day after day after day on average (sometimes you get more and sometimes you get less, but over the course of a week/month, your average is fairly constant and around +40pips).

You can then start to think about your Risk/Reward setup, based on the size of your account and you need to consider the 2 following points at the same time and not just (the nicer) number 2):

1) Risk: make sure that your account is big enough so that when you go live you can easily manage your losses for more than 1 day: your first 2 trades could very well be losing ones (the -15 & -30 from above - I know that we all like to start the day with a winning trade but the real world isn't like that). Worst (& that can happen too), your first day could actually be an overall 'losing' day (but still part of an overall positive week, as per your daily/weekly average).

2) Reward: once you have a daily average/constant amount of pips on record (the +40 from above) and have considered the Risk, you can decide on the 'size' of your trading. If you have set yourself a goal of say £$€100 per day then you only need to trade to a level where each pip returns £$€2.5 (not highest/scariest leverage by a long way (40 x 2.5 = 100)).

Consistency is the key word here because unless you can demonstrate to yourself that you are getting x amount of pips on a regular basis via demo/paper/live trading, you cannot effectively set 1) & 2)

As you get better and your confidence and the size of your account increase, you can slowly increase the leverage (say from 2.5 to 3 - to return £$€120/day and so on).
The best traders in here and elsewhere are the consistent ones: those that get a good number of pips day after day after day and have build their leverage slowly for increased returns over times (as an alternative to increased leverage, you might decide to trade another pair but that is trickier: it's best to be boring and really good at trading just one instrument, than being average and trading 2 fx pairs for example - "jack of all trades and master of none").
Most traders that achieve a high % early on, are the ones that invariably end up with a busted account (of course there are exceptions) because high leverage + lack of consistency = your luck will run out eventually (when you get a succession of losing trades).

Oli.
Quoting Evaluator
In my opinion since my name was brought into this discussion.....it does not really matter.

What matters is up to the individual how they best feel to profit.... Whether one does it by pips made or % increase or % of account balance increase does not matter to me.

What matters is that at the end of the day you have more winning trades that increase your account balance at the end of that day. More importantly one need to develop their trading skills to the point where one is always having a net increase a the end of the week and not a net loss....
Agreed and thank you for your continued effort here.
Quoting olivierforex
My 2 cents on this...

For the 'newer' traders, I would say that you must concentrate on the amount of pips that you are getting out of all your trades on average, rather than the %.

When you add all your daily trades including the losing ones (- pips) you end up with an average: say that you manage to get +40 pips made up of these 6 daily trades for example: +25 +30 -15 +10 +20 -30.
And you get these +40 pips day after day after day on average (sometimes you get more and sometimes you get less, but over the course of a week/month,...
Thats it
hey eval are you watching this pattern setting up.... the upward channel within the snr zone i have marked in blue....

what's your overall take with what you are seeing??
Attached Image (click to enlarge)
Click to Enlarge Name: 7 13 30 pip range channel.gif Size: 40 KB
does any one know when the bond auction will be ???
Quoting roobii
does any one know when the bond auction will be ???
..just happened, see FF news/calendar tabs.
Quoting sidefx
..just happened, see FF news/calendar tabs.

This is an excellent reason why I like to post news events and talk about external events that have influence in the markt. Today is Italian bond auction...if it goes well....as it appears to have from all news reports there will be a temporary rise in the EURUSD. Why? Simple. Then governments sell bonds they remove Euros from the markt and therefore less Euros in the markt means less supply and less supply a means a high price will be paid for Euros...so you will have a temporary bounce.

So, Italy sells 2015 bonds at a lower interest rate at auction 4.65% versus 5.3 expected so more Euros come out of the markt as people by those bonds....what happens...EURUSD rises.

However, this is just like a ''Rainbow and Lollies'' speak from EU politician or the EU Sumit....it is a sugar rush to the markt that is fast and short lived. Once reality sets back in and people see the true MESS that Europe is in the markt should continue on its path of decline in EURUSD as nothing of real substance has set in....

Like a hang over from a night of partying.....sure it is fun while your drunk but tomorrow you pay for it.

Evaluator.:nerd:
EURUSD

1.2150 still looks yummy.
Pivot Boss in the making~
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