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  • #14,781
  • Jul 19, 2012 2:21pm Jul 19, 2012 2:21pm
Quoting Immvp
This is what is shown on my chart. No matrix here

Hi there,

I think I can help on this issue. Please notice that the template has got nothing to do with the Matrix System. The template assigns basic settingw to a chart, including moving averages, etc,

In order to show the Matrix, you have to add it to the indicators. And then, you have to attach it to the chart which you are showing.
  • #14,782
  • Jul 19, 2012 2:39pm Jul 19, 2012 2:39pm
I have been running a test to see if repainting occurs to the level that some claim. I must say that I am impressed so far on the integrity of the Matrix signals. I use 3.0.1 (old Sentiment).

How I am testing. I have a standalone workstation that has all of my charts running (12 pairs). I am not refreshing the charts, changing time frames, or doing anything that would otherwise cause the charts to erase any evidence of repainting.

I then compare those charts on the standalone workstation to those on a separate computer in which the charts are constantly refreshing. I am finding that the overall percentage of repaints (all lights combined) to be less than 5% and in no case thus far, have the repaints caused a false entry. This is not to say that you will have a valid signal only to have a major reversal due to a news event – take the Ben Bernanke show this week for example. ALWAYS use caution around news events – NO system will filter that kind of volatility.

I only trade 4 HR charts so repainting will be much less a problem just as it would be on a 1 HR, 30M, or even a 15M.

Nice work Eval on the Matrix.

Thanks

Quoting traco1
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.
Without vision, the people will perish.
  • #14,783
  • Jul 19, 2012 2:43pm Jul 19, 2012 2:43pm
Quoting bythepound
I have been running a test to see if repainting occurs to the level that some claim. I must say that I am impressed so far on the integrity of the Matrix signals. I use 3.0.1 (old Sentiment).

How I am testing. I have a standalone workstation that has all of my charts running (12 pairs). I am not refreshing the charts, changing time frames, or doing anything that would otherwise cause the charts to erase any evidence of repainting.

[color=black][font=Verdana]I...
how often you getting setups on the 4 hr ?
Look at something long enough, you will eventually get it.
  • #14,784
  • Jul 19, 2012 3:18pm Jul 19, 2012 3:18pm
Quoting Immvp
No Indicators?

See post #1 for all the indikators. Everything you need is in post#1

Evaluator.:nerd:
  • #14,785
  • Jul 19, 2012 3:22pm Jul 19, 2012 3:22pm
Quoting bythepound
I have been running a test to see if repainting occurs to the level that some claim. I must say that I am impressed so far on the integrity of the Matrix signals. I use 3.0.1 (old Sentiment).

How I am testing. I have a standalone workstation that has all of my charts running (12 pairs). I am not refreshing the charts, changing time frames, or doing anything that would otherwise cause the charts to erase any evidence of repainting.

[color=black][font=Verdana]I...

bythepound,

You are 100% correct... Around times of major news events it is always best ot side with caution and wait until after the new event has occured then pick up the trend once the markt panic of the news event has passed.

You are also correct that there is less of a chance on repaints in higher timeframe as markt price action moves tend to be more established and set in place. I wish I could say that is true in all cases but as one can see this past week has been the exception to the rule.

Evaluator.:nerd:
  • #14,786
  • Jul 19, 2012 6:33pm Jul 19, 2012 6:33pm
Traco,

This depends on the week, but if you load a 4 HR chart and follow the entry rules established in Post #1, you can see that you will have a lot of setups. But use a 60 SMA to help filter the entries, which filters most of the bad, but it also filters some of the good ones.

Trade with four lights away from the Symphonie trendline and away from or break of the 60 SMA.

Expect 3-5 good entries per month per pair. I watch 12 pairs so I can expect 36 - 60 entries per month. I count 4 profitable and one SL on the GBP/USD so far this month for example.

It's nice to only check the charts every four hours..

I am still testing Symphonie signals as indicated in my previous post, amd I am still using my other method.

Check out Symphonie on a 4HR and daily chart - look at the long runs and then decide if sitting in front of a computer for hours on end trading a 5M chart is worth it.

Quoting traco1
how often you getting setups on the 4 hr ?
Without vision, the people will perish.
  • #14,787
  • Jul 19, 2012 9:50pm Jul 19, 2012 9:50pm
Quoting Evaluator
See post #1 for all the indikators. Everything you need is in post#1

Evaluator.:nerd:
Eval, which indis are you using? Could you post the templates with all your current indis and the settings you are currently using? If you could, post the updated temp and indis to first page so newer trader of symphonie won't have to try out each indicators and temps, they can use the updated one whenever you change the settings, indis and temps.

Thanks
  • #14,788
  • Edited 1:50am Jul 20, 2012 1:10am | Edited 1:50am
Quoting Immvp
Eval, which indis are you using? Could you post the templates with all your current indis and the settings you are currently using? If you could, post the updated temp and indis to first page so newer trader of symphonie won't have to try out each indicators and temps, they can use the updated one whenever you change the settings, indis and temps.

Thanks

Immvp,

I think I was clear in my last post on your request. But I will say again to make sure...

All the information you seek are all included in POST#1. All Indikators and my settings I use to trade Symphonie.

I highly suggest you read POST#1 completely and you will find all the answers you seek in that one post.

Post #1 is a very explainatory post with links all different pieces of information on the Symphonie Trader System.

I set POST#1 up so that any new person has to do is read the post and you will have all the information you need to start evaluating the Symphonie Trader System.

Again.....PLEASE read the post.

Evaluator.:nerd:
  • #14,789
  • Jul 20, 2012 1:49am Jul 20, 2012 1:49am
Eval, what are your thoughts on today's direction for the eu pair. USD has weakened against aud and cad, but will the euro weaken even more?
Vandag is die dag.....
  • #14,790
  • Jul 20, 2012 2:25am Jul 20, 2012 2:25am
Quoting Leokira
Eval, what are your thoughts on today's direction for the eu pair. USD has weakened against aud and cad, but will the euro weaken even more?

Leokira,

My thoughts are wait and see because we have Finland parlement on Spainish bailout and more EU politicians from the EU Sumit today. This will cause major whipsaws on the EURUSD.

As to overall, my opinion is down. Until 1.24400 is reach the over all tredning of the EURUSD is down. However, I would not rule out a rally to the 1.23800 to 1.24000 level before a reversal because that is the top of the daily channel if you pullback and look at the daily chart.

That being said, I am watch the 1.22200 level as a break and close on the 60 min chart of that level confirms a turn to the downside as the upchannel for will have been clearly broken and that point to resumption of the next wave down. The bottom of the daily downchannel sits at 1.18500.

So, for me I am sit wait and watch for the markt to tell me where the markt is going.

Evaluator.:nerd:
  • #14,791
  • Jul 20, 2012 5:37am Jul 20, 2012 5:37am
Eval, your views are much appreciated, it is always good to see someone else's point to either confirm or make you reconsider your own.

Some people say one should not predict the market, but every time one takes a trade you predict, why else would you take the trade, not so?
Vandag is die dag.....
  • #14,792
  • Jul 20, 2012 7:24am Jul 20, 2012 7:24am
Always listening and waiting for eval analysis...

The analysis is always very helpful, so far has been reached +50

Thanks eval.
  • #14,793
  • Jul 20, 2012 7:38am Jul 20, 2012 7:38am
Quoting Evaluator
Leokira,

My thoughts are wait and see because we have Finland parlement on Spainish bailout and more EU politicians from the EU Sumit today. This will cause major whipsaws on the EURUSD.

As to overall, my opinion is down. Until 1.24400 is reach the over all tredning of the EURUSD is down. However, I would not rule out a rally to the 1.23800 to 1.24000 level before a reversal because that is the top of the daily channel if you pullback and look at the daily chart.

That being said, I am watch the 1.22200 level as a break and close on the...

My chart said that, Sell...Sell...Sell...!!!
So I did, I took position Sell at 1.22620.

Reading Eval analysis (this analysis) make me more confident to let it reached TP1 at 1.21870. TP1 Done now

Go to next TP2, Free target, trailing stop 200pips


Nice pips
  • #14,794
  • Jul 20, 2012 7:40am Jul 20, 2012 7:40am
Quoting bythepound
Traco,

This depends on the week, but if you load a 4 HR chart and follow the entry rules established in Post #1, you can see that you will have a lot of setups. But use a 60 SMA to help filter the entries, which filters most of the bad, but it also filters some of the good ones.

Trade with four lights away from the Symphonie trendline and away from or break of the 60 SMA.

Expect 3-5 good entries per month per pair. I watch 12 pairs so I can expect 36 - 60 entries per month. I count 4 profitable and one SL on the GBP/USD so far this month...
Hey thanks, Im going to try that
Look at something long enough, you will eventually get it.
  • #14,795
  • Edited 10:39am Jul 20, 2012 9:16am | Edited 10:39am
With the breaking of the uptrend channel line at 1.22200 after a final touch of the top of the uptrend at 1.23255 we can now safely assume that the EURUSD has resumed its downward. This assumption will be based on a daily close below and outside the upchannel that was break at 1.22200.

However, with most trendline breaks one looks for a possible retouch of the channel bottom break as an excellent selling level before the next major push to the downside in the EURUSD.

Therefore, I am looking to add to my sell positions from 1.22200 and sell again as Symphonie will tell me to sell the EURUSD. My guess is that will come at the (possible) retouch of 1.2200. My target will be the bottom of the daily channel at 1.18500. In any instant I am looking to sell hard the next retrace Symphonie 60 min sell signal via Symphonie 60-5 method and now the overall focus is down for hte EURUSD.

As always I obey the account protection rule and move my stoplosses to +3 pips positive as the 30 pip advance is made. At that point I can just let the pips run as long as the markt is willing to give them or until my target level is reached.

Have a wonderful weekend.

Evaluator.:nerd:

P.S. I think a bounce will occur at the 1.21600 level then I look to sell from there.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Symphonie Screenshot 350.jpg Size: 139 KB
  • #14,796
  • Jul 20, 2012 9:30am Jul 20, 2012 9:30am
Quoting Leokira
Eval, your views are much appreciated, it is always good to see someone else's point to either confirm or make you reconsider your own.

Some people say one should not predict the market, but every time one takes a trade you predict, why else would you take the trade, not so?
Leokira,

I only give reference points. Do not wait on me. Symphonie tells you everything you need to know about what will happen in price action. As long as you follow the setups and the method that I have explained in post#1 you no longer need a signal service.

I only post what I see in the price action and that is based on the techicals that are explained in post #1.

Remember that trading the Symphonie System method with markt pattern recognition is a definite step in the right direktion to being a consistant successful trader.

Evaluator.:nerd:
  • #14,797
  • Edited 2:11am Jul 21, 2012 1:54am | Edited 2:11am
Eval, do not be concerned. I will never take a trade based on someone else's trade idea, but by looking at your analysis, I can learn more ways to read possible market direction.

By following someone very experienced's way I can learn as well, so thank you and keep posting.

I had similar trend lines drawn but fell asleep, when I woke up the line was broken to the downside, I sold on all my accounts, made 27% combined. (only 3 small live accounts). I use 3 brokers to test their service etc. and only live accounts can do that.

Have a good weekend
Vandag is die dag.....
  • #14,798
  • Edited 7:24am Jul 21, 2012 5:51am | Edited 7:24am
I have been reading the thread from page 1thro 414 over the last week and find evaluators dedication to the thread tremendous
I know in the 5minute and 15 minute charts the repainting is an issue but are there any on the 1hour and 4 hour time frames
I will start demoing using the 1 hour charts next week .My strategy will be to trade with three mini lots on gbp/yen emergency stop loss100 pips on each trade Take profit of 20 ,40 and let the third run until my strategy indicates a close
Strategy is quite simple Extreme ,Trend ,Emotion and Sentiment RED Sell
Take profit at 20 and 40 pips
Exit trade if 3 out of the 4 signals go blue
Opposite for a buy
Back testing over the past year indicates 400 + pips on this pair per week although a number of weeks have been 700 + This of course is provided that repainting is not an issue on the 1 hour time frame


Trade example indicates Sell at 123.68
Close at 123.21
Profit =20+ 40 +47 =107
Attached Image (click to enlarge)
Click to Enlarge Name: symphony.gif Size: 58 KB
  • #14,799
  • Jul 21, 2012 8:54am Jul 21, 2012 8:54am
Quoting raylin
I have been reading the thread from page 1thro 414 over the last week and find evaluators dedication to the thread tremendous
I know in the 5minute and 15 minute charts the repainting is an issue but are there any on the 1hour and 4 hour time frames
I will start demoing using the 1 hour charts next week .My strategy will be to trade with three mini lots on gbp/yen emergency stop loss100 pips on each trade Take profit of 20 ,40 and let the third run until my strategy indicates a close
Strategy is quite simple Extreme ,Trend ,Emotion and Sentiment...
Trend indicator does not indicate sell. Where you got in at -if i am correct.
Look at something long enough, you will eventually get it.
  • #14,800
  • Jul 21, 2012 9:19am Jul 21, 2012 9:19am
Raylin - see my post - 14785 as it may answer your question.

Thanks

Quoting raylin
I have been reading the thread from page 1thro 414 over the last week and find evaluators dedication to the thread tremendous
I know in the 5minute and 15 minute charts the repainting is an issue but are there any on the 1hour and 4 hour time frames
I will start demoing using the 1 hour charts next week .My strategy will be to trade with three mini lots on gbp/yen emergency stop loss100 pips on each trade Take profit of 20 ,40 and let the third run until my strategy indicates a close
Strategy is quite simple Extreme ,Trend ,Emotion and Sentiment...
Without vision, the people will perish.
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