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Symphonie Trader System

  • #14,661
  • Edited 3:11am Jul 16, 2012 2:49am | Edited 3:11am
Still waiting for Eval analysis...

Honestly, as a newbie, I need an analysis as a bonus. On my chart shows that it is still bull, is it correct?

Oversell on M5,M15 and H1.
Pivot rejected on M5, M15 and H1?

Need enlightment
  • #14,662
  • Edited 3:53am Jul 16, 2012 2:49am | Edited 3:53am
Quoting chjungen
I've modified the 'Arrow' indicator, so you can set as many bars as you want.
best regards
Chris
Hi again Chris,

With the alert that you have included, how hard would it be to add 1 line in the 'Input' tab that would give the following option:
."Alarm/SoundAlarm only on Bar Close - True/False" (so that when it is set to 'True' the Alarm only comes on if the Arrow is still present at the end of the bar).
.The Alarm Message would also be different, something like "Arrow Confirmed Buy Signal @EurUsd ...."

Thanks in advance.

Oli.

PS: the question is for anyone technically minded and refers to this post:
http://www.forexfactory.com/showthre...26#post5840826
The modified Arrow indicator is there (kudos to Chris -chjungen)

PPS: please ignore this question ... I had some sound settings issues that led me to believe that the alert came at the wrong time...my bad!
  • #14,663
  • Jul 16, 2012 2:49am Jul 16, 2012 2:49am
I really dislike corrective wave or retracements. They are always full of long wick candlebars and can whipsaw badly.

I usually do not trade them unless the patterns are easily recognizeable and then they become very predictable because they are a repeating pattern.

That is important and why I recommend everyone visiting babypips.com and reading about markt patterns and learn the basics. They really can help all traders with great reference pictures for traders of all level....total noobies through most experienced traders.

Evaluator.:nerd:
  • #14,664
  • Jul 16, 2012 3:12am Jul 16, 2012 3:12am
Quoting xenilno
Still waiting for Eval analysis...

Honestly, as a newbie, I need an analysis as a bonus. On my chart shows that it still bull, is it correct?

Oversell on M5,M15 and H1.
Pivot rejected on M5, M15 and H1?

Need enlightment

Do not use my analysis as a crutch for trading....You need to just learn the guidelines form post #1 and then uses those as your foundation for trading. Learn the system then practice practice practice practice!!!

Also, NEVER trade a system cold with real money. Always trade with demo dollars only in a training account until you have completely mastered the system and are able to produce a good positive return on your training account with a months work of training.

Again.....when I post directionals they are mean as a reference from my expericences....I am not a signal service. That is Symphonie's job.

You must develop your own skill sets and then apply trading discipline to become consistant and successful..... Read post#1 and all the links...Study the method then go to babypips.com and study some more there....You can never go broke not taking a trade....

Evaluator.:nerd:
  • #14,665
  • Jul 16, 2012 3:52am Jul 16, 2012 3:52am
Quoting Evaluator
Do not use my analysis as a crutch for trading....You need to just learn the guidelines form post #1 and then uses those as your foundation for trading. Learn the system then practice practice practice practice!!!

Also, NEVER trade a system cold with real money. Always trade with demo dollars only in a training account until you have completely mastered the system and are able to produce a good positive return on your training account with a months work of training.

Again.....when I post directionals they are mean as a reference from my...
Thanks a lot eval

But, I trade with real money since 1 years ago. And your latest analysis which is made RJ got angry has made my balance increase + 50% for this month, nice pips

I like your way to describe Elliot wave, ABCDE…wave. That’s help me to hold my TP until reached to the bottom (1.2200).

I need your analysis as second opinion. Your analysis is very helpful, especially when you talk about news and politician ?


Regards,

Note:
Sell at 1.2219 Target 1.2195
  • #14,666
  • Jul 16, 2012 4:00am Jul 16, 2012 4:00am
Price action on EURUSD is now touching and retesting the top of the broken downchannel. This may be a turning point.

For now I am watching closely....the top of the channel also happens to be the 61.8 fib retracement level of the 1.21600 to 1.22714 rally. This is a very important level to watch....

This will tell us whether the channel break holds or fails...a 60 min close back inside the downchannel points to further downside to possible 1.382 fib at 1.21198 while a bounce here points to a finish of corrective wave.

For me....I am sidelined...no orders just watching.


''sometimes the best trade is no trade''

Evaluator.:nerd:
  • #14,667
  • Jul 16, 2012 4:04am Jul 16, 2012 4:04am
Core EuroZone CPI comes in much softer than expected....that should be EURUSD bearisch.

Also, Symphonie now gives strong sell signal...However, I am still sidelined as I look for hourly close below 61.8 fib before take any action.

Evaluator.:nerd:
  • #14,668
  • Jul 16, 2012 4:14am Jul 16, 2012 4:14am
OK....As the 61.8 fib gives way and with very strong Symphonie signals I am take small sell position on EURUSD as I think (MY OPINION) the price action should drop now.

I know I said hourly close but sometimes you have to obey your feelings as well as what you see and now that 61.8 have broken I feel comforatable taking a calulated risk play. Remember, I hate corective waves!

My target it 1.21198.....However, I will be practice Account Protection Rule as per post#1 at 30 pips I protect my orders at +3 pip profit.

Evaluator.:nerd:
  • #14,669
  • Jul 16, 2012 4:17am Jul 16, 2012 4:17am
Quoting Evaluator
OK....As the 61.8 fib gives way and with very strong Symphonie signals I am take small sell position on EURUSD as I think (MY OPINION) the price action should drop now.

I know I said hourly close but sometimes you have to obey your feelings as well as what you see and now that 61.8 have broken I feel comforatable taking a calulated risk play. Remember, I hate corective waves!

My target it 1.21198.....However, I will be practice Account Protection Rule as per post#1 at 30 pips I protect my orders at +3 pip profit.

Evaluator.:nerd:...
Oh well welcome to the party, I'm 50 pips up already, maybe time for me to close out
  • #14,670
  • Jul 16, 2012 4:18am Jul 16, 2012 4:18am


Thanks!

Glad to be here...
  • #14,671
  • Jul 16, 2012 4:18am Jul 16, 2012 4:18am
Has anyone had any success with a 15 min tf with 60 min confirmation? I have come to the conclusion that 5 min trading just isn't cutting it for me...i prefer the clearer and less noisy higher tf.

Any suggestions?

Cheers!
  • #14,672
  • Jul 16, 2012 4:21am Jul 16, 2012 4:21am
Quoting Evaluator


Thanks!

Glad to be here...
Well you know what they say, better late than never! I think there are enough pips for everybody on a eurusd short.

Do you think the 1.21617 level will provide much support?
  • #14,673
  • Edited 4:39am Jul 16, 2012 4:25am | Edited 4:39am
Quoting Hugh Briss
Well you know what they say, better late than never! I think there are enough pips for everybody on a eurusd short.

Do you think the 1.21617 level will provide much support?

Good questions. Once I place an order I start looking closely at the daily pivot and support and resistance levels...

Currently I see S1 support at 1.21800 and S2 support at 1.21280 which is near my 1.382 fib target. So, I cannot really comment on 1.22600...

Yes I know that was the bounce point on Friday and 2 year low but that bounce was also a Bank intervention so I am of the opinion to discount that one.

Evaluator.:nerd:
  • #14,674
  • Jul 16, 2012 4:27am Jul 16, 2012 4:27am
Quoting Mr Pippy
Has anyone had any success with a 15 min tf with 60 min confirmation? I have come to the conclusion that 5 min trading just isn't cutting it for me...i prefer the clearer and less noisy higher tf.

Any suggestions?

Cheers!

Yes. I believe that jurn_e and ohammond live in the 15 min timeframe.

Evaluator.:nerd:
  • #14,675
  • Jul 16, 2012 4:31am Jul 16, 2012 4:31am
Quoting Evaluator
Good questions. Once I place an order I start looking closely at the daily pivot and support and resistance levels...

Currently I see S1 support at 1.21800 and S2 support at 1.21280 which is near my 1.382 fib target. So, I cannot really comment on 1.22600...

Yes I know that was the bounce point on Friday but that was also a Bank intervention so I am of the opinion to discount that one.

Evaluator.:nerd:
I see this to the left though.

Tell me also does your broker have a Sunday bar? I had to stop using an auto pivot indicator because I switched to a broker with a Sunday bar which messes everything up. Also my new broker is GMT and my previous broker was GMT+1 which means I was looking at different levels on different brokers, it put me off them a bit.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd level.gif Size: 28 KB
  • #14,676
  • Jul 16, 2012 4:35am Jul 16, 2012 4:35am
Quoting Hugh Briss
I see this to the left though.

Tell me also does your broker have a Sunday bar? I had to stop using an auto pivot indicator because I switched to a broker with a Sunday bar which messes everything up. Also my new broker is GMT and my previous broker was GMT+1 which means I was looking at different levels on different brokers, it put me off them a bit.

Honestly, I do not fully understand your question. However, LhDT made a wonderful pivot indikator that I believe is include in post#1.

But I will include on this post as well. He did a wonderful job and I use it to help identify levels of consolidation and potential bounce levels.

Evaluator.:nerd:
Attached File(s)
File Type: mq4 Symphonie Pivots_LHDT.mq4   4 KB | 860 downloads
  • #14,677
  • Jul 16, 2012 4:38am Jul 16, 2012 4:38am
Quoting Evaluator
Honestly, I do not fully understand your question. However, LhDT made a wonderful pivot indikator that I believe is include in post#1.

But I will include on this post as well. He did a wonderful job and I use it to help identify levels of consolidation and potential bounce levels.

Evaluator.:nerd:
Excellent, I will give it a try, thanks. I like your thread a lot anyway, good luck with your trading.
  • #14,678
  • Jul 16, 2012 4:41am Jul 16, 2012 4:41am
Quoting Hugh Briss
Excellent, I will give it a try, thanks. I like your thread a lot anyway, good luck with your trading.

Glad you are enjoy it and welcome! It is my hope it will help in making all who read it a better consistant trader.

Evaluator.:nerd:
  • #14,679
  • Jul 16, 2012 4:51am Jul 16, 2012 4:51am
Quoting Evaluator
Honestly, I do not fully understand your question.
Hi Evaluator,

the question was, delivers your broker sunday prices like FXCM. If they do so, a autopivot like LhDT brings at monday wrong Daily Pivot lines.

The indicator attached is a combination of Pivot and Fibonacci. Test this one.

The PivotD_v5 will work with sunday prices too.
Attached File(s)
File Type: mq4 HTM_FiboPiv.mq4   6 KB | 553 downloads
File Type: mq4 PivotsD_v5.mq4   32 KB | 513 downloads
  • #14,680
  • Jul 16, 2012 5:02am Jul 16, 2012 5:02am
Because markt appears to be stalling at s1 support I am move my stoploss early on my sell to the +3 pip positive....

Just FYI.....the 30 pip rule is not set in stone and if you feel more comfortable moving earlier then please do it....

There is no reason to add more stress to trading forex....

Evaluator.:nerd:
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