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Symphonie Trader System

  • #14,721
  • Jul 16, 2012 10:38am Jul 16, 2012 10:38am
Quoting Evaluator
traco,

Another thing that will keep you on the correct side of a trade is the usage of the 60 SMA line. See my post #12273 I think you will find that this simple addon will keep your losses minimized and your profits rolling.

Evaluator.:nerd:
Thanks, I will try that
Look at something long enough, you will eventually get it.
  • #14,722
  • Jul 16, 2012 10:39am Jul 16, 2012 10:39am
starting to get the hang of this more...
3 trades on eu +38 +36 -12.... done for today...

thanx eval
  • #14,723
  • Jul 16, 2012 10:44am Jul 16, 2012 10:44am
Quoting roobii
starting to get the hang of this more...
3 trades on eu +38 +36 -12.... done for today...

thanx eval

That is a positive piping day! Congratulations!!!

Evaluator.:nerd:
  • #14,724
  • Jul 16, 2012 10:57am Jul 16, 2012 10:57am
Quoting Evaluator
traco,

Another thing that will keep you on the correct side of a trade is the usage of the 60 SMA line. See my post #12273 I think you will find that this simple addon will keep your losses minimized and your profits rolling.

Evaluator.:nerd:
Are you still using 50pip SL ?
Look at something long enough, you will eventually get it.
  • #14,725
  • Jul 16, 2012 11:04am Jul 16, 2012 11:04am
Price Action has now reached the 23.6 fib retracement level. While I am looking for a 38fib retracement I am drawing my trendline and begin watching as the minimal 23.6 fib level satisfy the reachof a wave 4 retracement.

However, in light of the Ben Bernenke show tomorrow the EURUSD could rise rapidly if the Bernenke talks in a dovisch tone for tomorrow's conference.

Evaluator.:nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 343.jpg Size: 129 KB
  • #14,726
  • Jul 16, 2012 11:05am Jul 16, 2012 11:05am
Quoting traco1
Are you still using 50pip SL ?

Yes.
  • #14,727
  • Jul 16, 2012 11:16am Jul 16, 2012 11:16am
Hi Eval,

Do you use the 60 MA on all timeframes? Or should we use a mtf 60 MA set to H1 on all timeframes?

Thank you
DK
  • #14,728
  • Jul 16, 2012 11:18am Jul 16, 2012 11:18am
I use ma60 on all timeframes.
  • #14,729
  • Jul 16, 2012 11:23am Jul 16, 2012 11:23am
I just wannted to ask... If bernake say tommorow that we will have QE, eur/usd will be going up or down?
  • #14,730
  • Jul 16, 2012 11:35am Jul 16, 2012 11:35am
Hi Eval,

But why would it make sens to use a 60MA on all timeframes?

Not sure I understand the logic behind it.

DK
  • #14,731
  • Jul 16, 2012 11:38am Jul 16, 2012 11:38am
@Dakuki

I believe Eval does this to make sure the trade is on the same side of the general trend. Yes, it will prevent some good trades from being taken but also some bad ones. Overall, it should increase the probability of winning trades.

I guess a countertrend would be fine as long there is some confluence elsewhere.
  • #14,732
  • Jul 16, 2012 12:41pm Jul 16, 2012 12:41pm
Yes but why 60

60 x M1 = H1...fine

60 x M5 = 300 minutes = H5...something new

60 x M15 = 900 minutes = H15 ...something new: maybe true trading hours in a day

60 x M30 = 1800 minutes = H30...??

60 x H1 = H60...??

Do you get my point?
  • #14,733
  • Jul 16, 2012 1:53pm Jul 16, 2012 1:53pm
Quoting dakuki
Yes but why 60

60 x M1 = H1...fine

60 x M5 = 300 minutes = H5...something new

60 x M15 = 900 minutes = H15 ...something new: maybe true trading hours in a day

60 x M30 = 1800 minutes = H30...??

60 x H1 = H60...??

Do you get my point?
I use the setting I give you in post #14693 for all timeframes.

Evaluator.:nerd:
  • #14,734
  • Jul 16, 2012 2:29pm Jul 16, 2012 2:29pm
NEWS FLash...Hitting my twitter service and email on China.

I have been recieving information from News Services and friends that tell me there is a distinct possibility that China may go on a massive money printing operation as the 7% GDP growth report that came out last week are grossly over inflated and will be adjust to be much lower then expected.

If that occurs look for a markt sugar rush if China prints money....However, be aware this will only be temporary because after the money printing is over and the markts are flooded with cheaper Chinese currency the reality of the fundementals will sink in and there will be a dive after that as the revised numbers will put a huge drag on the markts.

That is what I am hearing and I wanted to pass on to all....

As usual, I would recommend to take it with a grail of salt because I am sure alot could be just rumor. But I thought it would be benefitial to mention.

Evaluator.:nerd:
  • #14,735
  • Jul 16, 2012 2:52pm Jul 16, 2012 2:52pm
This is spooky.....

I put the last message out about the feedback I am getting on China (20 mins ago) and look what happens...

Zerohedge just releases a story on China GDP and employment numbers and the problems erupting in China...

Information sure does travel fast...!

http://www.zerohedge.com/print/452016

Evaluator.:nerd:
  • #14,736
  • Jul 16, 2012 2:56pm Jul 16, 2012 2:56pm
Hi Evaluator,

I have been testing your system on a Demo account since the beginning of July and I am satisfied with the results on the Eur-Usd pair.

Meanwhile, i would like to ask you if you have ever applied the Symphonie System to the XAU-USD pair.

Best Regards,
Mecrusse
  • #14,737
  • Jul 17, 2012 12:27am Jul 17, 2012 12:27am
Hello all!

Just added some functions to the Symphonie Matrix v3.0.1 (old Sentiment), to work together with the two indicators.
+ Show timeframe;
+ Fixed disappearing text labels on the indi
+ Added display of a signal to buy/sell. The coincidence of signals on the two indicators, the graph shows an arrow. Can be enable/disable in options.

Many pips for everyone!
Attached Image (click to enlarge)
Click to Enlarge Name: SM.png Size: 25 KB
Attached File(s)
File Type: mq4 Symphonie_Matrix_Indikator_v3.0.2 (old Sentiment).mq4   17 KB | 591 downloads
P.S. Sorry my bad english
  • #14,738
  • Jul 17, 2012 1:39am Jul 17, 2012 1:39am
Quoting brimex
I just wannted to ask... If bernake say tommorow that we will have QE, eur/usd will be going up or down?
Brimex:
Up it should go because:
1) more QE = more $ printing = more $ in circulation = each $ is worth less = eur/usd up (not because of euro going up but because $ going down, so you'll also see gbp/usd & aud/usd... going up and usd/chf & usd/cad... going down)
2) more QE = more money sloshing around the system = 'risk ON' scenario with this money having to go somewhere and it generally ends up in more risky assets like stocks (Indices will go up too), commodities (Gold, Crude Oil...will go up) and away from the $ (see currencies move in 1)).

Something important to bear in mind though: successive QEs are having less and less effect (after 3-4 versions of QE already in the US the economy is nowhere near powering ahead as it should) and there will be a point eventually when most market participants will start to trade in a way that reflects that and we will have the opposite movement ('risk OFF', money out of risky assets like stocks/commodities... and into what still represents a safe heaven for investor, ie the US $ and US Treasuries).

Hope that helps.

Oli.
  • #14,739
  • Jul 17, 2012 1:50am Jul 17, 2012 1:50am
Quoting Mecrusse
Hi Evaluator,

I have been testing your system on a Demo account since the beginning of July and I am satisfied with the results on the Eur-Usd pair.

Meanwhile, i would like to ask you if you have ever applied the Symphonie System to the XAU-USD pair.

Best Regards,
Mecrusse
Hi Mecrusse,
I have done some back testing on Gold but I didn't get results similar to eur/usd (same with Silver); if you have deep(er) pockets, other commodities like Crude/Brent Oil give really good results but they are not for the faint-hearted (much higher volatility & need for wider stops).
In Fx, other people have mentioned euro/jpy, gbp/usd as other good pairs to trade (I agree) and obviously usd/chf which is the mirror image of eur/usd (even more so now that the SNB (Swiss National Bank) is holding the eur/chf rate above the 1.20 level).
Oli
  • #14,740
  • Jul 17, 2012 1:58am Jul 17, 2012 1:58am
Quoting olivierforex
Brimex:
Up it should go because:
1) more QE = more $ printing = more $ in circulation = each $ is worth less = eur/usd up (not because of euro going up but because $ going down, so you'll also see gbp/usd & aud/usd... going up and usd/chf & usd/cad... going down)
2) more QE = more money sloshing around the system = 'risk ON' scenario with this money having to go somewhere and it generally ends up in more risky assets like stocks (Indices will go up too), commodities (Gold, Crude Oil...will go up) and away from the $ (see currencies move in 1))....
olivierforex,

Exactly right! Basic laws of supply and demand...more supply equal less demand which equal lower price.

Spot on!

Evaluator.:nerd:
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