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Symphonie Trader System

  • #14,821
  • Jul 24, 2012 1:17am Jul 24, 2012 1:17am
Quoting kmalex
First i just want to thank you for this great strategy and also for your big and appreciated effort for continually organizing your (1) post for new people wanting to use and learn about the system .
Second i am new to this system but i read many posts of you that you attached in your first post and i decided that symphonie 60-5 is the best for me and i will start to practice it this week on demo account but i have noticed tat you only trade eur/usd pair so my question is can i use it for any pair and if i am triggering my trades on 5 min charts...
((UP))
  • #14,822
  • Jul 24, 2012 6:33am Jul 24, 2012 6:33am
in on GBp/jpy risky, but lets see what happens, small lots
Look at something long enough, you will eventually get it.
  • #14,823
  • Jul 24, 2012 6:34am Jul 24, 2012 6:34am
Quoting traco1
in on GBp/jpy risky, but lets see what happens, small lots

Chart
Attached Image (click to enlarge)
Click to Enlarge Name: 23.gif Size: 38 KB
Look at something long enough, you will eventually get it.
  • #14,824
  • Jul 24, 2012 7:01am Jul 24, 2012 7:01am
Quoting traco1
in on the vertical red, stop out at -30
Hi Traco,
Possible reasons/explanations why this trade went wrong:
.one of the important part of Symphonie/RJ's trading is the Stochastic (11,3,3 - Low/High). This is not on your chart and it should be: you would have seen that it was very close to already being in OverSold condition (near 20).
.only a few candles before, the price had bounced from the 121.10 support area and your entry was only a few pips above what could have been a double bottom-in-the-making. Would it bounce, would it go through, nobody knew at the time but the R/R ratio really wasn't good at that point.
.the price was already at the MS4 mid-pivot support: it's not often that price will breach even the S3 support, let alone the MS4/M4 and a lot of trader would be closing their shorts around or before then and countertrend traders will start to accumulate longs as this is a very stretched area (so far away from the Pivot).
.GbpJpy is a very volatile pair to trade and especially on the M15 TF, I feel that 30 pips s/l is not enough; do some backtesting and see what sort of drawdown you get everytime there is a signal to get an idea of the size your s/l should be. I call this pair 'the hyena' for a good reason: yes it will offer great reward if you get it right but it will rip you to pieces if you don't. I'd never advise a new(ish) trader to trade it.
All the best.
Oli.
  • #14,825
  • Edited 7:19am Jul 24, 2012 7:08am | Edited 7:19am
Quoting traco1
Chart
Hi again traco,
This entry looks more promising: stox is rising and not at OB levels and the rest is ok too.
First hurdle is the 121.45 area (the pullback on the way down from 121.61)
Then be alert around the 121.56/61 area (previous top and Weekly S2 that could turn resistance)
Finally the DP at 121.73 & yesterday's high at 76.
All the best.
Oli
  • #14,826
  • Jul 24, 2012 7:26am Jul 24, 2012 7:26am
Quoting olivierforex
Hi again traco,
This entry looks more promising: stox is rising and not at OB levels and the rest is ok too.
First hurdle is the 121.45 area (the pullback on the way down from 121.61)
Then be alert around the 121.56/61 area (previous top and Weekly S2 that could turn resistance)
Finally the DP at 121.73 & yesterday's high at 76.
All the best.
Oli
so far so good
Attached Image (click to enlarge)
Click to Enlarge Name: 23.gif Size: 37 KB
Look at something long enough, you will eventually get it.
  • #14,827
  • Jul 24, 2012 7:29am Jul 24, 2012 7:29am
Quoting olivierforex
Hi Traco,
Possible reasons/explanations why this trade went wrong:
.one of the important part of Symphonie/RJ's trading is the Stochastic (11,3,3 - Low/High). This is not on your chart and it should be: you would have seen that it was very close to already being in OverSold condition (near 20).
.only a few candles before, the price had bounced from the 121.10 support area and your entry was only a few pips above what could have been a double bottom-in-the-making. Would it bounce, would it go through, nobody knew at the time but the R/R ratio really...
Thanks
Look at something long enough, you will eventually get it.
  • #14,828
  • Jul 24, 2012 7:30am Jul 24, 2012 7:30am
Quoting traco1
Thanks
In on aud/jpy
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Look at something long enough, you will eventually get it.
  • #14,829
  • Jul 24, 2012 7:31am Jul 24, 2012 7:31am
Quoting traco1
In on aud/jpy

small lots sl25
Look at something long enough, you will eventually get it.
  • #14,830
  • Jul 24, 2012 7:36am Jul 24, 2012 7:36am
stuck at the open, might bail at +10
Attached Image (click to enlarge)
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Look at something long enough, you will eventually get it.
  • #14,831
  • Jul 24, 2012 7:37am Jul 24, 2012 7:37am
Quoting traco1
stuck at the open, might bail at +10

Out at 10
Look at something long enough, you will eventually get it.
  • #14,832
  • Jul 24, 2012 7:48am Jul 24, 2012 7:48am
signal aud/usd
Attached Image (click to enlarge)
Click to Enlarge Name: 23.gif Size: 35 KB
Look at something long enough, you will eventually get it.
  • #14,833
  • Jul 24, 2012 8:04am Jul 24, 2012 8:04am
Quoting traco1
signal aud/usd

out at +10
Attached Image (click to enlarge)
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Look at something long enough, you will eventually get it.
  • #14,834
  • Jul 24, 2012 8:05am Jul 24, 2012 8:05am
Quoting traco1
out at +10

Waiting on aud/jyp
Look at something long enough, you will eventually get it.
  • #14,835
  • Jul 24, 2012 8:05am Jul 24, 2012 8:05am
Quoting traco1
Waiting on aud/jyp
+8
Look at something long enough, you will eventually get it.
  • #14,836
  • Jul 24, 2012 8:07am Jul 24, 2012 8:07am
Quoting traco1
+8
+10
Attached Image (click to enlarge)
Click to Enlarge Name: 23.gif Size: 36 KB
Look at something long enough, you will eventually get it.
  • #14,837
  • Jul 24, 2012 8:09am Jul 24, 2012 8:09am
Quoting traco1
+10
out at +12, done for today +32 im happy, just felt like talking today guys problems at home, I feel better now.
Look at something long enough, you will eventually get it.
  • #14,838
  • Jul 24, 2012 8:41am Jul 24, 2012 8:41am
If I would have stayed in those trades it would have been double for 60 Pips. But the goal is not to be greedy and I usually look for 30 to 40pips per day. i find this system to be good for this time up until 11am est. Then after that just trade Eur/Usd on thv system. But im done for today unless I see a really great setup.
Look at something long enough, you will eventually get it.
  • #14,839
  • Jul 24, 2012 10:32am Jul 24, 2012 10:32am
Does anyone know of a TL alert that can be manually placed on a chart for the upper resistance alert and the lower support alert?
There are two indicators already made but neither give two alerts in a box.
Thanks
George
Attached File(s)
File Type: pdf Trendline alert.pdf   254 KB | 686 downloads
  • #14,840
  • Jul 24, 2012 11:14am Jul 24, 2012 11:14am
Quoting traco1
out at +12, done for today +32 im happy, just felt like talking today guys problems at home, I feel better now.
traco1,

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