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Symphonie Trader System

  • #14,941
  • Jul 31, 2012 7:42am Jul 31, 2012 7:42am
Quoting forex9999
hello

i have found this great thread here and have readed the most of entries, the entry of this system is clear for me but the exit is not clear .....

the exit , i have understand from page one with repaint end exit of Extereme with end of 4th bar if not repint(Exit Strategy One. (most conservative) )

BUT do i exit also if example i have [font=Verdana]a open long trade and the TREND and SENTI change color to red OR EMOTI and...
forex9999,

I only exit under strategy one when the extreme row changes colour.

Evaluator.:nerd:
  • #14,942
  • Jul 31, 2012 7:43am Jul 31, 2012 7:43am
Quoting mavewei
Dear Master Evaluator，

First congrats to you of successful on forex trading and thanks for contribute.

I was download the Symphonie v3.0 Paket and unzip all file and install successful, but I found that the setting inside indicator are totally difference with the setting you're showed before on post #46.

Should I change the default setting to yours?

Thanks.

mavewei,

I use the settings I have show in post#1.

Evaluator.:nerd:
  • #14,943
  • Jul 31, 2012 7:45am Jul 31, 2012 7:45am
Quoting zippip
this is a system i created with symponie indicator. its a EA, i only have test it on Demo account. iam just looking for $2000 to start it on live account as after 1month on live, i will post it for ever person.

zippip,

Then go post your EA on the Symphonie EA thread....NOT HERE!

Evaluator.:nerd:
  • #14,944
  • Jul 31, 2012 7:47am Jul 31, 2012 7:47am
Quoting kevinpham
Look at your pic and I see no losses. Your EA is 100% profit. so why even asking for additional help. You will be millionaires in no time.

Even Evaluator must have some losses using his own method

kevinpham,

Yes you are correct. This is an obvious scam......NO EA or trading strategy will ever be 100% right all the time.

Evaluator.:nerd:
  • #14,945
  • Jul 31, 2012 8:00am Jul 31, 2012 8:00am
While the structure of the price action appears to be forming a head and shoulders this points to a possible reversal soon in the EURUSD and points to a lower movement possbily next week. I am still looking to sell the EURUSD on the next break of the neckline at 1.22500 with a possible target of 1.20500 before the next bounce and completion of the corrective pattern at 1.24300 level.

For now, I am sidelined as Symphonie is telling me the EURUSD still has further to rise and so I will await a clear signal to tell me when the changed are to happen.

Evaluator.:nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 353.jpg Size: 134 KB
  • #14,946
  • Jul 31, 2012 9:49am Jul 31, 2012 9:49am
Quoting Evaluator
While the structure of the price action appears to be forming a head and shoulders this points to a possible reversal soon in the EURUSD and points to a lower movement possbily next week. I am still looking to sell the EURUSD on the next break of the neckline at 1.22500 with a possible target of 1.20500 before the next bounce and completion of the corrective pattern at 1.24300 level.

For now, I am sidelined as Symphonie is telling me the EURUSD still has further to rise and so I will await a clear signal to tell me when the changed are to happen....

Hi Eval,
Interesting that the latest non-repainting matrix by Xaphod gave a H1 short signal today (6 hours ago, where you have drawn your trendline).... I don't know if it's because 2 of the 4 indicators are now different from Symphonie's own or if it's because Emotion&Sentiment have since repainted blue on yours?
Cheers.
Oli
Attached Image (click to enlarge)
Click to Enlarge Name: Euro H1.png Size: 24 KB
  • #14,947
  • Jul 31, 2012 10:21am Jul 31, 2012 10:21am
Quoting olivierforex
Hi Eval,
Interesting that the latest non-repainting matrix by Xaphod gave a H1 short signal today (6 hours ago, where you have drawn your trendline).... I don't know if it's because 2 of the 4 indicators are now different from Symphonie's own or if it's because Emotion&Sentiment have since repainted blue on yours?
Cheers.
Oli

olivierforex,

It is possible. However, I use Symphonie for my entry points but trendlines must be crossed before I consider placing an order. Why??? Because as support gives way and the bulls and bears finally decide who has won the markt price action will then change direction. However, it is important to have the other components of Symphonie first with the markt change as well or it becomes a false signal at that point.

Therefore, I wait for a major trendline break on the 60 min chart then look to Symphonie for the best entry point of the major directional trend break.

That gives one the best entry point for a price action movement.

Evaluator.:nerd:
  • #14,948
  • Jul 31, 2012 11:28am Jul 31, 2012 11:28am
Quoting Evaluator
olivierforex,

It is possible. However, I use Symphonie for my entry points but trendlines must be crossed before I consider placing an order. Why??? Because as support gives way and the bulls and bears finally decide who has won the markt price action will then change direction. However, it is important to have the other components of Symphonie first with the markt change as well or it becomes a false signal at that point.

Therefore, I wait for a major trendline break on the 60 min chart then look to Symphonie for the best entry point of the...
That was my point, the H1 trendline from 25th July was broken and price closed below it for 2 hours on the trot and the non-repainting matrix gave a sell signal at the end of the 2nd hourly bar.
I was wondering if you remembered whether Symphonie's matrix had also gone Short at that time (and possibly repainted Long later) or whether the 'old' Emotion/Sentiment had remained Long throughout?
Attached Image (click to enlarge)
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  • #14,949
  • Jul 31, 2012 12:39pm Jul 31, 2012 12:39pm
Quoting olivierforex
That was my point, the H1 trendline from 25th July was broken and price closed below it for 2 hours on the trot and the non-repainting matrix gave a sell signal at the end of the 2nd hourly bar.
I was wondering if you remembered whether Symphonie's matrix had also gone Short at that time (and possibly repainted Long later) or whether the 'old' Emotion/Sentiment had remained Long throughout?
olivierforex,

Honestly, I do not remember. But if it had I would have looked to the 5 min for the actual entry signal. I use the Symphonie 60-5 method for markt entry.

Evaluator.:nerd:
  • #14,950
  • Jul 31, 2012 5:51pm Jul 31, 2012 5:51pm
Quoting Evaluator
olivierforex,

Honestly, I do not remember. But if it had I would have looked to the 5 min for the actual entry signal. I use the Symphonie 60-5 method for markt entry.

Evaluator.:nerd:
It was a wild shot and I personaly wouldn't remember either lol
I know your good 60-5 entry method when taking only M5 signals when they agree with the H1 TF.
Nearly a 1000 pages soon.....
  • #14,951
  • Aug 1, 2012 8:48am Aug 1, 2012 8:48am
Hi Folks,

anyone here who knows what the arrow.ex4 Indicator does?
Is that a adx or cci indicator?

Is there a arrow.mq4 to have a look in it?


Thanks a lot!
  • #14,952
  • Aug 1, 2012 9:16am Aug 1, 2012 9:16am
Quoting genaja
Hi Folks,

anyone here who knows what the arrow.ex4 Indicator does?
Is that a adx or cci indicator?

Is there a arrow.mq4 to have a look in it?


Thanks a lot!
I think that it's based either on the 'silver trend' or the 'bykov trend' indicators but someone else need to confirm/deny. I doubt that it's based on CCI as a part of Symphonie is already CCi based. It works well with Symphonie especially if you get the arrow around the same time as a Symphonie signal.
  • #14,953
  • Aug 1, 2012 12:25pm Aug 1, 2012 12:25pm
I would strongly recommend NOT trading the EURUSD before this major FOMC USA Central Bank rate decision news event.

Price Action should be very unpredictable as liquidity will drop to a minimal as everyone begins to watch to see what the USA Central Bank decides to do.

Will there be additional stimulus??? Will there be another QE3 program??

If not, will the markt take a dive and drop??

I would rather wait until the markt picks the direction and then let the markt give me pips than try to predict its direktion.

Please remember that Central Bank Rate decisions have the ability to completely change the dynamics of the markt in one instance and at one time so.....beware!

Trade well....

Evaluator.:nerd:
  • #14,954
  • Aug 1, 2012 1:37pm Aug 1, 2012 1:37pm
USA Central Bank decides to do nothing....no change until after 2014..

Markt reaction...NEGATIVE......Look out below

EURUSD falls off a cliff....

I look for next support level to be 1.21500.

Evaluator.:nerd:
  • #14,955
  • Aug 1, 2012 3:18pm Aug 1, 2012 3:18pm
Quoting Evaluator
While the structure of the price action appears to be forming a head and shoulders this points to a possible reversal soon in the EURUSD and points to a lower movement possbily next week. I am still looking to sell the EURUSD on the next break of the neckline at 1.22500 with a possible target of 1.20500 before the next bounce and completion of the corrective pattern at 1.24300 level.

For now, I am sidelined as Symphonie is telling me the EURUSD still has further to rise and so I will await a clear signal to tell me when the changed are to happen....
Hi Eval,

interesting comment. It is very close to my wave analysis; the main difference is the target; before touching 1.205 PA has to cross 1.215 where we have a confluence of levels.
Symphonie will lead us carefully

ciao

wiz
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-08-01 Elliott Analysis EU.jpg Size: 39 KB
You control how you trade; the market controls how and when you'll get paid
  • #14,956
  • Aug 1, 2012 5:41pm Aug 1, 2012 5:41pm
Quoting wiz3003
Hi Eval,

interesting comment. It is very close to my wave analysis; the main difference is the target; before touching 1.205 PA has to cross 1.215 where we have a confluence of levels.
Symphonie will lead us carefully

ciao

wiz
61.8 retracement is also a swing projection target zone from correctional wave a. All eyes at that level indeed.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.8.1.12.png Size: 83 KB
  • #14,957
  • Aug 2, 2012 8:10am Aug 2, 2012 8:10am
Been a while since Ive been here. Noticed a lot has developed.
I want to ask if the old version still works (with extreme setting of 1,3,2).
Ive seen a new extreme with a setting of 12 12 5.do they do the same or is the new one better?
Thanks Eval
  • #14,958
  • Aug 3, 2012 1:38am Aug 3, 2012 1:38am
Yesterday's ECB rate decision was, at the least, .....exciting....there was more volume in yesterdays price action than any other time since Juli 2008 and the markt crash.

Today the US NonFarm Payrolls (NFP) report and it can cause alot of volume and price action movement.

Key Level to watch will be 1.22300 for a Bull Rally and 1.21300 for a Bear Drop in the EURUSD. I imagine that up until the NFP the EURUSD will whipsaw back and forth in this very large range before the markt determines a direction. Unless there is a special measure or news event from Europe or better clarifications from the ECB it is expected that volitility will remain light for most of the day until the USA markt NFP event.

In the meantime baring that huge wick on the 60 min candle we have a perfect 61.8 fib retracement from hte 1.23400 tp 1.22270 drop that points to further EURUSD weakness as we move to the channel bottom and support level at 1.20300. This is the level that is estimated for a final EURUSD drop before the next rally to 1.24500 - 1.25000 range to complete the larger corrective wave. Unfortunately, 4th wave corrections tend to be violent and fast moving making it hard to guage the exact end points and final movements so I expect a roll a coaster ride over the next few weeks.

As is common in Forex trading it is the norm of the EURUSD to make its monthly highs or lows within the first 8 days of trading. So, if this holds as usual we will see a monthly high or monthly low by 8 August and from there one can make the necessary bias judgements as to the currency direction.

Test it out for yourself and this first 8 days strategy tends to work most of the time and has a 70% accuracy.

So, for me I am sidelined until the NFP and I look to make a move as the markt tells me direction.

Best of luck.

Evaluator.:nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 354.jpg Size: 130 KB
  • #14,959
  • Aug 3, 2012 1:40am Aug 3, 2012 1:40am
Quoting Kasapreko
Been a while since Ive been here. Noticed a lot has developed.
I want to ask if the old version still works (with extreme setting of 1,3,2).
Ive seen a new extreme with a setting of 12 12 5.do they do the same or is the new one better?
Thanks Eval

Kasapreko,

Yes...Symphonie Matrix 3.0.1 is more stable than using the old extreme version however, it becomes a matter of preference as to which version you wish to use.

I use the setting I have posted on post#1 for trading.

Evaluator.:nerd:
  • #14,960
  • Aug 3, 2012 1:41am Aug 3, 2012 1:41am
Quoting wiz3003
Hi Eval,

interesting comment. It is very close to my wave analysis; the main difference is the target; before touching 1.205 PA has to cross 1.215 where we have a confluence of levels.
Symphonie will lead us carefully

ciao

wiz

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