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Symphonie Trader System

  • #14,761
  • Edited 12:34pm Jul 17, 2012 12:05pm | Edited 12:34pm
Quoting Evaluator
Wow....Larger bounce than I was expecting pushing back to 61.8 fib of larger drop.

I have my trendline drawn on 5 min. Looking for a Symphonie Signal that breaks the trendline. That is my trigger point to sell EURUSD.

Evaluator.:nerd:
Hi there,

I am note sure if I have fully understood the meaning of the phrase: "Looking for a Symphonie Signal that breaks the trendline. ". What does this exactly mean?

UPDATE:according to the Dynamic Stop Loss rule, the EUR-USD position has been closed !!!
  • #14,762
  • Jul 17, 2012 12:47pm Jul 17, 2012 12:47pm
Quoting Mecrusse
Hi there,

I am note sure if I have fully understood the meaning of the phrase: "Looking for a Symphonie Signal that breaks the trendline. ". What does this exactly mean?

UPDATE:according to the Dynamic Stop Loss rule, the EUR-USD position has been closed !!!

It means that as the price action breaks the uptrendline and I have a 5 min sell signal that agrees with the 60 min Symphonie Signal I will take the signal and execute a sell order.

For better explaination see post#1 for the Symphonie 60-5 method.

Yes the other order that I take at 1.22780 was stopped out as it hit my stoploss with a 10 pip profit.

Evaluator.:nerd:
  • #14,763
  • Jul 17, 2012 12:51pm Jul 17, 2012 12:51pm
Quoting Evaluator
It means that as the price action breaks the uptrendline and I have a 5 min sell signal that agrees with the 60 min Symphonie Signal I will take the signal and execute a sell order.

For better explaination see post#1 for the Symphonie 60-5 method.

Yes the other order that I take at 1.22780 was stopped out as it hit my stoploss with a 10 pip profit.

Evaluator.:nerd:
Hi again,

the 5minutes signal is a SELL signal. But on the 60 minutes time frame, the SIGNAL is still a BUY. At least on my software. Am I missing something here? What is the link of the post you are mentioning?

As far the 10 pip profit is concerned, on the first page you state that after a 30 pips move on the right direction, we should move the stop loss 3 pips ahead the entry level. Have you changed that? Are you using a 10 pips protection instead of a 3 pips? Any specific reason?
  • #14,764
  • Jul 17, 2012 1:00pm Jul 17, 2012 1:00pm
Please see the Symphonie on the 4 time frames (Sell on the 5 minutes and Buy on the 60 minutes)
Attached Image (click to enlarge)
Click to Enlarge Name: eur-usd.jpg Size: 389 KB
  • #14,765
  • Jul 17, 2012 1:39pm Jul 17, 2012 1:39pm
Let me suggest a possible alternative scenario.

In my opinion, from a E-wave standpoint, we should wait for a longer time before looking at the end of this corrective movement.

If tomorrow PA will be not able to go below wave B we should be in front of a double or more complex corrective retracement.

In the picture my forecast and potential targets.

WARNING : This is just my personal opinion! Please trade according to Symphonie signals and with proper MM rules and exit strategies.

ciao

wiz
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-07-17 Elliott analysis.jpg Size: 56 KB
You control how you trade; the market controls how and when you'll get paid
  • #14,766
  • Jul 17, 2012 1:52pm Jul 17, 2012 1:52pm
My attention was drawn to this indicator by a colleague in a highly respected Proprietary Trading firm. There are nearlly 1000 posts regarding this system on what is generally a respected forum so we assumed that it was worth a look. We both tested the system on M5 and H1 timeframes. Since every single indicator on the chart repaints, there are simply no terms of reference by which any trading rules can be defined. The price has moved so far by the time the indicators have lined up that the chance of a profitable trade has all but gone. Worse, if a trade is taken, in all probability, the bars and trendline will then repaint while the price moves away from the point where the trade was opened. The history of the extreme signals is a nice touch but the major achievement in this system is its ability to look fabulous in retrospect. It's admirable that someone posted this in the first place but the Holy Grail it is not
  • #14,767
  • Jul 17, 2012 2:05pm Jul 17, 2012 2:05pm
Quoting wiz3003
Let me suggest a possible alternative scenario.

In my opinion, from a E-wave standpoint, we should wait for a longer time before looking at the end of this corrective movement.

If tomorrow PA will be not able to go below wave B we should be in front of a double or more complex corrective retracement.

In the picture my forecast and potential targets.

WARNING : This is just my personal opinion! Please trade according to Symphonie signals and with proper MM rules and exit strategies.

ciao

wiz

From an Elliott perspective this has more the shape of a double zigzag because if it were a expanding triangle then each extreme would be greater than the last. Therefore, since the price action did not break 1.21600 that would invalidate the theory of a expand triangle.

More than likely this will become a A-B-C-X-A-B-C end corrective wave and end at the 1.2400 mark because the reaching of 1.22900 invalidates this from being a new downturn in the markt.

So, I look for a drop to 1.22400 then a rise to 1.23500 to 1.24000 before the next major downturn of the EURUSD.

Evaluator.:nerd:
  • #14,768
  • Jul 17, 2012 2:09pm Jul 17, 2012 2:09pm
Quoting Mach26
My attention was drawn to this indicator by a colleague in a highly respected Proprietary Trading firm. There are nearlly 1000 posts regarding this system on what is generally a respected forum so we assumed that it was worth a look. We both tested the system on M5 and H1 timeframes. Since every single indicator on the chart repaints, there are simply no terms of reference by which any trading rules can be defined. The price has moved so far by the time the indicators have lined up that the chance of a profitable trade has all but gone. Worse, if...

Obviously this is not the System for you and I will be the first one to tell you this is not the ''holy grail'' of indikators. If you had really read this thread then you would know that from the first 3 pages of this thread.

As to all the indikators repaint...no they do not all repaint.

But no one is making you trade Symphonie so if you do not like the strategy and method then I suggest you seach more on Forex Factory because you have 100s of others to try.

Best of Luck in your search.

Evaluator.:nerd:
  • #14,769
  • Jul 17, 2012 9:47pm Jul 17, 2012 9:47pm
Quoting Evaluator
From an Elliott perspective this has more the shape of a double zigzag because if it were a expanding triangle then each extreme would be greater than the last. Therefore, since the price action did not break 1.21600 that would invalidate the theory of a expand triangle.

More than likely this will become a A-B-C-X-A-B-C end corrective wave and end at the 1.2400 mark because the reaching of 1.22900 invalidates this from being a new downturn in the markt.

So, I look for a drop to 1.22400 then a rise to 1.23500 to 1.24000 before the next major...
I agree eval,

A-B-C-X-A-B-C is my minimal target now .... then ready to surf the wave

wiz
You control how you trade; the market controls how and when you'll get paid
  • #14,770
  • Jul 18, 2012 7:55am Jul 18, 2012 7:55am
this is now EW thread?
not good for people trading and learning RJ-Symphonie 5M charts
  • #14,771
  • Jul 18, 2012 8:43am Jul 18, 2012 8:43am
Quoting Mach26
My attention was drawn to this indicator by a colleague in a highly respected Proprietary Trading firm. There are nearlly 1000 posts regarding this system on what is generally a respected forum so we assumed that it was worth a look. We both tested the system on M5 and H1 timeframes. Since every single indicator on the chart repaints, there are simply no terms of reference by which any trading rules can be defined. The price has moved so far by the time the indicators have lined up that the chance of a profitable trade has all but gone. Worse, if...
Don't bother yourself if you do not believe in the system,you can find a lot that might work for you.sorry!!!
Attached Image (click to enlarge)
Click to Enlarge Name: Image 12.png Size: 69 KB
  • #14,772
  • Jul 18, 2012 8:51am Jul 18, 2012 8:51am
Quoting IgorD
this is now EW thread?
not good for people trading and learning RJ-Symphonie 5M charts

Igor,

Sorry to disappoint you but this is not the RJ Symphonie Thread. This is the Symphonie Trader System thread.

We have it all here...there are 4 different Symphonie methods (RealJumpers included and found on post#1) to choose from on this thread and to learn them they are all in the posts on this thread. I also am seesing several spinoffs of Symphonie that have reciently popped up all over forexfactory. It seems this thread has caused an eruption of new methods for trading Symphonie....but rest assured this is still the original as I am the creator of Symphonie.

The only reason we are use EW is to provide refernence points for larger timeframe turn points and better placement of orders to be taken on a Symphonie Signal.

There is no difference from post#1. All trades should only be taken on a Symphonie Signal and that is the only way I trade. I look for high probability setups and then execute my orders at the Symphonie Signals following the Symphonie 60-5 method.

Currently we have a whipsaw markt that is moving violently back and forth as the markt decides its overall direction. I choose to stay on the side until I see the proper conditions that will give me the best trade to make the maximum amount of pips.

Today we have day 2 of the Bernanke Show so I look for some violent moves before the markt calms down and finally picks a direction. Until this calming I will sit, wait, and watch for the best opportune time to enter.

Remember.....sometimes the best trade is NO trade.

Evaluator.:nerd:
  • #14,773
  • Jul 18, 2012 11:16am Jul 18, 2012 11:16am
Eval, Could you share the template and indicators you currently are using? There are old sentiments, new sentiments, etc etc. I am confused which to choose from. Please make a zip file of your updated indicators and template to share with us and it is best if you could upload it to the first page so newer trader of Symphonie won't get confused on which indis and temp they have to choose.

It is best if you could regularly update this to first page whenever you tweak the settings of your indis and temp. Thanks.
  • #14,774
  • Jul 19, 2012 9:12am Jul 19, 2012 9:12am
Quoting Immvp
Eval, Could you share the template and indicators you currently are using? There are old sentiments, new sentiments, etc etc. I am confused which to choose from. Please make a zip file of your updated indicators and template to share with us and it is best if you could upload it to the first page so newer trader of Symphonie won't get confused on which indis and temp they have to choose.

It is best if you could regularly update this to first page whenever you tweak the settings of your indis and temp. Thanks.
Immvp,

All indikators that I use are in post#1. I am currently use Symphonie Matrix 3.0.1.

Also, if you re read post#1 you will see my settings as I have them listed there.

Evaluator.:nerd:
  • #14,775
  • Jul 19, 2012 9:16am Jul 19, 2012 9:16am
I was out most of today. I am return and see that the uptrendchannel is still holding. I am looking for a direktional break of the upchannel shown in this screenshot.

60 Min Symphonie calls for a sell at 1.22850. Unfortunate I was not in office to take it. Congratulations to thoses that did take the signal.

I am now concentrate to look for a trendline break or bounce at 1.22200 a break and close there will point to further downside in EURUSD but a bounce moves the focus back to 1.23600.

Best of Luck

Evaluator.:nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 348.jpg Size: 152 KB
  • #14,776
  • Jul 19, 2012 10:40am Jul 19, 2012 10:40am
Quoting Evaluator
I was out most of today. I am return and see that the uptrendchannel is still holding. I am looking for a direktional break of the upchannel shown in this screenshot.

60 Min Symphonie calls for a sell at 1.22850. Unfortunate I was not in office to take it. Congratulations to thoses that did take the signal.

I am now concentrate to look for a trendline break or bounce at 1.22200 a break and close there will point to further downside in EURUSD but a bounce moves the focus back to 1.23600.

Best of Luck

Evaluator.:nerd:
Eval, could you please post the current template and indi you are using? Thanks.
  • #14,777
  • Jul 19, 2012 12:31pm Jul 19, 2012 12:31pm
Quoting Immvp
Eval, could you please post the current template and indi you are using? Thanks.

Per your request.
Attached File(s)
File Type: tpl symphonie 3.0.1 + 60 sma template.tpl   4 KB | 874 downloads
  • #14,778
  • Jul 19, 2012 1:19pm Jul 19, 2012 1:19pm
Quoting Evaluator
Per your request.
No Indicators?
  • #14,779
  • Jul 19, 2012 1:22pm Jul 19, 2012 1:22pm
This is what is shown on my chart. No matrix here
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 79 KB
  • #14,780
  • Jul 19, 2012 2:01pm Jul 19, 2012 2:01pm
Quoting Evaluator
Per your request.
I like how this system keeps you in the trade !! just one quick question if I may, on your temp posted are the indicators still repainting ? the reason why I ask is because if some folks are experiencing alot of repainting it could be the broker they use, right now I use 3 different brokers to trade but only use this system on 1 broker.
Look at something long enough, you will eventually get it.
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