Vandag is die dag.....
- #14,604
- Edited 9:37am Jul 13, 2012 8:57am | Edited 9:37am
12%, 40 pips 
, in M1. attached are views from M1 as traded and M5 to see from macro perspective. pure symph + pivotal point rejection
EU jump off from S1
AU jump off from DP
EJ jump off from weekly S1 and 96.50
GU jump off from L2 of ATR projection and 5650
all done! happy weekend and trade smarter not harder
wow, M15 look yummy too! dang, that could have been 20 pips each! freaky friday the 13th!
, in M1. attached are views from M1 as traded and M5 to see from macro perspective. pure symph + pivotal point rejectionEU jump off from S1
AU jump off from DP
EJ jump off from weekly S1 and 96.50
GU jump off from L2 of ATR projection and 5650
all done! happy weekend and trade smarter not harder
wow, M15 look yummy too! dang, that could have been 20 pips each! freaky friday the 13th!
- #14,605
- Jul 13, 2012 8:57am Jul 13, 2012 8:57am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #14,606
- Jul 13, 2012 9:15am Jul 13, 2012 9:15am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #14,607
- Edited 10:02am Jul 13, 2012 9:40am | Edited 10:02am
- Joined Oct 2007 | Status: Trader | 2,972 Posts
OK....Here is what is going to drive RealJumper and Olivia crazy...the estimate...
We have the positive reveral signal thanks to the Russian Government buying EUROS like there is no tomorrow....However per my post earlier (#14405 ) I said anything below 1.2200 satisfies the end point for wave 3 so now with this reveral we can look higher in the EURUSD. the 38.2 fib level or last major resistance level is 1.23800 to 1.24100 so I look for a rally in EURUSD form this point until it reaches there before a new reversal and final drive of the EURUSD down to the 1.16 mark.
HOWEVER; the structure for this corrective wave 4 is unknown because first the rally wave must end to give up the lenght to determine where to buy and sell.
WHAT DOES THAT MEAN!!!!???? Are you nutz???
Probably....but the whole point is now is not the time to short the EURO as this will most likely be very choppy whipsaws and crazy....
Until we reach 1.2400 38 fib retracement of wave 3 my bias is now for the EURUSD to rise. But I will not place any orders until things calm down and some sense can be made out of the price action.....(one caveat....wave 4 retracements can be at 23.6 fib or 38 fib retracement levels of wave 3)
IT's Friday the 13th!!!! aaaaaaaah!
DO NOT TAKE THESE POINTS AS ABSOLUTES::::THEY ARE TOTAL GUESSES and only mean to use as reference. MAKE NO ORDERS based on my total uneducated, not confirming. stupid, theoretical, unreliavble, and wacko estimates.
Evaluator.:nerd:
P.S. On a side note...I have closed all my longerterm sell orders....I banked 1200 pips from last Friday in total.
We have the positive reveral signal thanks to the Russian Government buying EUROS like there is no tomorrow....However per my post earlier (#14405 ) I said anything below 1.2200 satisfies the end point for wave 3 so now with this reveral we can look higher in the EURUSD. the 38.2 fib level or last major resistance level is 1.23800 to 1.24100 so I look for a rally in EURUSD form this point until it reaches there before a new reversal and final drive of the EURUSD down to the 1.16 mark.
HOWEVER; the structure for this corrective wave 4 is unknown because first the rally wave must end to give up the lenght to determine where to buy and sell.
WHAT DOES THAT MEAN!!!!???? Are you nutz???
Probably....but the whole point is now is not the time to short the EURO as this will most likely be very choppy whipsaws and crazy....
Until we reach 1.2400 38 fib retracement of wave 3 my bias is now for the EURUSD to rise. But I will not place any orders until things calm down and some sense can be made out of the price action.....(one caveat....wave 4 retracements can be at 23.6 fib or 38 fib retracement levels of wave 3)
IT's Friday the 13th!!!! aaaaaaaah!
DO NOT TAKE THESE POINTS AS ABSOLUTES::::THEY ARE TOTAL GUESSES and only mean to use as reference. MAKE NO ORDERS based on my total uneducated, not confirming. stupid, theoretical, unreliavble, and wacko estimates.
Evaluator.:nerd:
P.S. On a side note...I have closed all my longerterm sell orders....I banked 1200 pips from last Friday in total.
- #14,610
- Jul 13, 2012 10:19am Jul 13, 2012 10:19am
the moment i read this thread 9 months ago, i thought the common goal was: to remove the guess work from the trader while staying true to symph.
i dont know where the price goes from here. but i have completely eradicated that guess work by confluence of all 4 jumping off of pivotal prices. some with stochs+ema, others just EU + pivotal prices.
if we go back to guess work......
.......... life can be simpler.
i dont know where the price goes from here. but i have completely eradicated that guess work by confluence of all 4 jumping off of pivotal prices. some with stochs+ema, others just EU + pivotal prices.
if we go back to guess work......
.......... life can be simpler.
- #14,611
- Jul 13, 2012 10:26am Jul 13, 2012 10:26am
- | Joined May 2011 | Status: Just Call me Oli | 631 Posts
the moment i read this thread 9 months ago, i thought the common goal was: to remove the guess work from the trader while staying true to symph.
i dont know where the price goes from here. but i have completely eradicated that guess work by confluence of all 4 jumping off of pivotal prices. some with stochs+ema, others just EU + pivotal prices.
if we go back to guess work......
If someone has an opinion about the direction and can show me the reason(s) why on a chart I will listen...if it's because you 'think so' or have a 'gut feeling' about it, then I will probably not listen.
No offense.
Oli
- #14,613
- Jul 13, 2012 10:29am Jul 13, 2012 10:29am
the moment i read this thread 9 months ago, i thought the common goal was: to remove the guess work from the trader while staying true to symph.
i dont know where the price goes from here. but i have completely eradicated that guess work by confluence of all 4 jumping off of pivotal prices. some with stochs+ema, others just EU + pivotal prices.
if we go back to guess work......
You see that's why I am going for castration next week, the Vet said he will give me a discount if my dog and I go together.
Then I will stop guessing and start following rules, like you Yelena
Vandag is die dag.....
- #14,614
- Jul 13, 2012 10:33am Jul 13, 2012 10:33am
- Joined Mar 2011 | Status: Trader | 1,886 Posts
the moment i read this thread 9 months ago, i thought the common goal was: to remove the guess work from the trader while staying true to symph.
i dont know where the price goes from here. but i have completely eradicated that guess work by confluence of all 4 jumping off of pivotal prices. some with stochs+ema, others just EU + pivotal prices.
if we go back to guess work......
- #14,615
- Jul 13, 2012 11:01am Jul 13, 2012 11:01am
Today symphonie M5 gave 4 signals from london open till london 2.55pm.
One of the long signal at 10.30am was a bad one. Today's M5 is quite tradeable. Earlier part of the week was horrible. Symphonie M5 performs quite badly during narrow day range where both longs & shorts can get slaugtered easily, unless one is very skillful in filtering off the bad trades, which unfortunately i am not
i got a feeling that signals that appear during the first half session of london have better chances of success than those that appear after dow jones opens. Please let me know if i am mistaken.
Have a good weekend, all.
One of the long signal at 10.30am was a bad one. Today's M5 is quite tradeable. Earlier part of the week was horrible. Symphonie M5 performs quite badly during narrow day range where both longs & shorts can get slaugtered easily, unless one is very skillful in filtering off the bad trades, which unfortunately i am not
i got a feeling that signals that appear during the first half session of london have better chances of success than those that appear after dow jones opens. Please let me know if i am mistaken.
Have a good weekend, all.
- #14,616
- Edited 11:43am Jul 13, 2012 11:05am | Edited 11:43am
- Joined Oct 2007 | Status: Trader | 2,972 Posts
Excellent post Yelena, well said
However, with the RealJumper Matrix setting the Symphonie Matrix is many more sensitive to markt whipsaws but they (those settings) are usually excellent at catching the turns....however you can be eaten alive with small ranging whipsaws...
So, you can do one of three things, use alternates to Symphonie as an addon to keep you trading with the trend. Change Symphonie setting to be less sensitive but you may not have the quick response of the RJ setting, or lastly come up with your own methods for applying Symphonie. (ex. Yelena and her 1000 currency pairs at a time and taking quick 10 pip profits)
I use Elliott and Symphonie....I always have and the entire thread you will see my posts in that style...RealJumper has his and I respect that....you have yours, Yelena has hers....
As I stated in an earlier post Olivia, I respect you as a contributor and according to Yelena you make 100s of pips daily and never loose...
Originally Posted by yelena http://www.forexfactory.com/images/buttons/viewpost.gif
thx but ohammond racks 200 daily. 300+ is her regular.
Evaluator.:nerd:
- #14,618
- Jul 13, 2012 11:11am Jul 13, 2012 11:11am
- Joined Oct 2007 | Status: Trader | 2,972 Posts
Today symphonie M5 gave 4 signals from london open till london 2.55pm.
One of the long signal at 10.30am was a bad one. Today's M5 is quite tradeable. Earlier part of the week was horrible. Symphonie M5 performs quite badly during narrow day range where both longs & shorts can get slaugtered easily, unless one is very skillful in filtering off the bad trades, which unfortunately i am not
i got a feeling that signals that appear during the first half session of london have better chances of success than those that appear after dow jones...
If you have read the thread you will notice that when RealJumper came out with his setting at first I did not like because it made the Matrix too sensitive and prone to false signals. RealJumper employes his famous arrow indikator and stochastics and now also Heiken Ashi in his trade method.
I do not like the Heiken Ashi candles because it is too hard to see the real candlebars and I like to know a bull candle and a bear candles and see the wicks so I can not trade the RealJumper way.
May I suggest you employ a higher timeframe to keep you in the trend when trading in 5 min?? Symphonie 60-5 method will help keep you out of whipsaw ranging markts.
Evaluator.:nerd: