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Symphonie Trader System

  • #14,961
  • Aug 3, 2012 2:01am Aug 3, 2012 2:01am
More pressure on Spain...

Reuters reports;

Spainish 10 yr Government bond yields 7.345%, up 18 bps.


As you will recall it was when Greece bond yields reached 7% that Greece began to fail and the Euro crisis started....

Evaluator.:nerd:
  • #14,962
  • Aug 3, 2012 2:27am Aug 3, 2012 2:27am
if any big companies knew about symphonie, they would try to commercialize it lol.. +27 pips in the past hour
  • #14,963
  • Aug 3, 2012 2:53am Aug 3, 2012 2:53am
Quoting allisonmagic
if any big companies knew about symphonie, they would try to commercialize it lol.. +27 pips in the past hour

If they paid me enough....I might help them.

I may be easy but I am not cheap.....

Evaluator.:nerd:
  • #14,964
  • Aug 3, 2012 2:56am Aug 3, 2012 2:56am
rofl ! you would have people thinking it was just another scam ! ... make sure you put in your title " get rich quick scheme ! "
  • #14,965
  • Aug 3, 2012 3:00am Aug 3, 2012 3:00am
Quoting allisonmagic
rofl ! you would have people thinking it was just another scam ! ... make sure you put in your title " get rich quick scheme ! "


just to make sure noone buys it lol
  • #14,966
  • Aug 3, 2012 3:02am Aug 3, 2012 3:02am
Quoting allisonmagic
if any big companies knew about symphonie, they would try to commercialize it lol.. +27 pips in the past hour
Hi Alison What symphonie time frame are you using Alison .I am using the 60 -5 minute system and the nine pairs I am monitoring are not giving me any signals to trade PS Probably usd cad but only 15 pips in the last hour
  • #14,967
  • Aug 3, 2012 3:20am Aug 3, 2012 3:20am
Quoting raylin
Hi Alison What symphonie time frame are you using Alison .I am using the 60 -5 minute system and the nine pairs I am monitoring are not giving me any signals to trade PS Probably usd cad but only 15 pips in the last hour


i monitor between 10 and 15 pairs based on the heat maps and strength indexes. i went from watching 15min charts to 1 hour because i am just a little bit long term, i feel it takes a bit of time to see prices push to the level you want them to be, or the level you are targeting.. if you want to scalp, i think 60/15 is a good start, especially during the Asia and Euro sessions. i've moved up to 60 minute just recently, it's very accurate as far as the semi long term bias in my opinion, compared to 4h and 30min... it all boils down to personal preference
  • #14,968
  • Aug 3, 2012 3:24am Aug 3, 2012 3:24am
For anyone who wants a bit of an edge on the markets, here's my strength index:

http://www.forexticket.us/en/forex-c...-index#c_index


also, if you like heat maps, here is another link i use:


http://www.netdania.com/Products/liv...eList.aspx?m=q
  • #14,969
  • Aug 3, 2012 3:30am Aug 3, 2012 3:30am
here's a good tip for the noobies, or anyone who likes tips


During the 24 hours period currency pairs in Forex market experience several hours, when the volume of trades is the highest and so is the pip movement.

Below are Forex market sessions and examples of the most active currency pairs:


London/ New York sessions:

EUR/USD
USD/CHF
GBP/USD

Tokyo/Sydney sessions:

EUR/JPY
AUD/USD
USD/JPY
AUD/JPY

Sydney session:

AUD/USD
EUR/USD

During the week the most active Forex trading days are: Tuesday, Wednesday and Thursday. Sundays (opening) and Mondays are days when traders are mostly watching and analyzing the market and predict further price moves. Fridays are traded approximately till noon, after that all actions slow down and almost freeze before the actual market closing at 5 pm EST.
  • #14,970
  • Aug 3, 2012 7:44am Aug 3, 2012 7:44am
NFP prints at 163k much higher than the 100k estimate.

Therefore this changes markt dynamics and I have taken a buy on EURUSD at 1.22300 looking for a push to 1.24500 area...next resistance is at 1.23500.
  • #14,971
  • Aug 3, 2012 10:14am Aug 3, 2012 10:14am
Quoting Evaluator
NFP prints at 163k much higher than the 100k estimate.

Therefore this changes markt dynamics and I have taken a buy on EURUSD at 1.22300 looking for a push to 1.24500 area...next resistance is at 1.23500.
Good call Eval, now at 1,2350, your day should be very good.

Enjoy the weekend
Vandag is die dag.....
  • #14,972
  • Edited 12:31pm Aug 3, 2012 12:09pm | Edited 12:31pm
Failure to break 1.2400 before a pullback. I have closed my positions at 1.23850. (155 pip profit each X 3 orders)

Look for a pull back before consolidation and then weekend close....Monday will be the next best time to buy.

WHY??

Answer: Given the past two days of extremely large moves the markt is most likely exhausted. Since we have already had a large move today with NFPs most of the larger players in the markt have left for the weekend. The rest of the USA markt will be very low in liquidity and full of whipsaws. Given the large push up there is no one willing to push the markt higher because there will be no follow through because there is no Asian session after USA markt closes.
Therefore, people will begin to take profit and close positions as the markt ends for the week. That means people sell Euros as they close positions and the EURUSD will begin to drop in a disjointed fashion and with many whipsaws as Markt Makers move in to make 3 pip plays to those left in the markt. So as a retail trader we are the suckers the Markt Makers feed on with drops and rises to take our pips. So in my opinion the risk is not worth the reward and I choose to fight another day.

However, if there is a major news event or disaster it could move the markt but that is highly unlikely at this point in the day.

So, I am done for the weekend. Best of Luck to all.

Evaluator.:nerd:
Attached Image (click to enlarge)
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  • #14,973
  • Aug 4, 2012 1:31am Aug 4, 2012 1:31am
after a long search i found a site who are selling sefc most wanted "time to buy or sell" indicator with his others indicators for only 55 euro. i wonder is it the real indicator or not...
i dont trust buy anything over the net. if you can take risk here is the site address : http://search4metatrader.com/packmulti.php

http://img215.imageshack.us/img215/633/34328372.png
  • #14,974
  • Aug 4, 2012 4:26am Aug 4, 2012 4:26am
Quoting Evaluator
Failure to break 1.2400 before a pullback. I have closed my positions at 1.23850. (155 pip profit each X 3 orders)

Look for a pull back before consolidation and then weekend close....Monday will be the next best time to buy.

WHY??

Answer: Given the past two days of extremely large moves the markt is most likely exhausted. Since we have already had a large move today with NFPs most of the larger players in the markt have left for the weekend. The rest of the USA markt will be very low in liquidity...
Hello and congratulations for Trade Eval.
But I'm sorry this position follows the mon indication SYNPHONIE or wrong?

Hello and happy weekend.
  • #14,975
  • Aug 4, 2012 8:31pm Aug 4, 2012 8:31pm
Quoting debashis
after a long search i found a site who are selling sefc most wanted "time to buy or sell" indicator with his others indicators for only 55 euro. i wonder is it the real indicator or not...
i dont trust buy anything over the net. if you can take risk here is the site address : http://search4metatrader.com/packmulti.php

http://img215.imageshack.us/img215/633/34328372.png


if it was useful at all they wouldn't have to sell it
  • #14,976
  • Aug 4, 2012 9:18pm Aug 4, 2012 9:18pm
Quoting Evaluator
NFP prints at 163k much higher than the 100k estimate.

Therefore this changes markt dynamics and I have taken a buy on EURUSD at 1.22300 looking for a push to 1.24500 area...next resistance is at 1.23500.
Quoting Matrix8756
Hello and congratulations for Trade Eval.
But I'm sorry this position follows the mon indication SYNPHONIE or wrong?

Hello and happy weekend.
hi there eval,

thanks for a great system. same concern as that of matrix. i would just like to understand what was going on in your mind when you took this trade.

you mention many times over that you take 60-5 for your entries. but i was reading this exact post of yours when NFP was released and 2230 was a 100% complete short signal from the matrix even if i use symphonie matrix v3 or even when viewed from M1 and you don't use M1. the 2230 buying signal was 13:25 GMT+3; 2 hours before NFP.

just like to know if you still stay true to the 60-5 or do you follow EW instead?

thanks and great job on that pippage!
Attached Image (click to enlarge)
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Challenger
  • #14,977
  • Aug 5, 2012 12:21pm Aug 5, 2012 12:21pm
Quoting Evaluator
Failure to break 1.2400 before a pullback. I have closed my positions at 1.23850. (155 pip profit each X 3 orders)

Look for a pull back before consolidation and then weekend close....Monday will be the next best time to buy.


So, I am done for the weekend. Best of Luck to all.

Evaluator.:nerd:
Hi Eval,

my humble contribution.
It seems that EU is consolidating in a zigzag way (5-3-5). In this case the new potential target could be beetwen 1,244 and 1,248; at this level pay attention to the *simphonie* which the market will play.

we don't know if this will be a simple or complex correction, but in the first case @ this level trend should be start again.

Vertical orange dotted lines are the time zone.

ciao

wiz
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-08-05 Elliott analysis.jpg Size: 138 KB
You control how you trade; the market controls how and when you'll get paid
  • #14,978
  • Edited 12:49pm Aug 5, 2012 12:32pm | Edited 12:49pm
Quoting Matrix8756
Hello and congratulations for Trade Eval.
But I'm sorry this position follows the mon indication SYNPHONIE or wrong?

Hello and happy weekend.

Matrix,

During times of extreme new events or Central Bank Decision these are markt dynamic changing events and during these times the markt WILL move erratic and totally unpredictable.

That is why I always urge people to NOT trade before and immediately during these events. Let the markt pick a direction and then just react to the markt change as the Symphonie Signals come to bear.

I never trade at a minimal 90 min before a major markt event or Central Bank rate decision. I always wait for the first initial shock to the markt after the event and then just react as the markt picks its direction.....

Events that occured on Thursday and Friday where just the type of events I have talked about many times in this thread.

There is NO WAY to predict these markt moves during these times and as a retail trader my experience tells me to sit ont he sidelines and let the markt pick its direction and NEVER try to predict it because at that point the markt tends to always move against your predictions.

Let the markt show you its direction and on large moves like that you just catch the momentum and ride the trend until it ends.

Do I follow Symphonie?.......YES. Do I let huge events like this settledown before entering the markt?...... Most of the time yes. If I see an obvious trend early will I take it and bank the pips?.....ABSOLUTELY!

That is my advice to you.

Evaluator.:nerd:
  • #14,979
  • Edited 1:46pm Aug 5, 2012 12:37pm | Edited 1:46pm
Quoting minako
hi there eval,

thanks for a great system. same concern as that of matrix. i would just like to understand what was going on in your mind when you took this trade.

you mention many times over that you take 60-5 for your entries. but i was reading this exact post of yours when NFP was released and 2230 was a 100% complete short signal from the matrix even if i use symphonie matrix v3 or even when viewed from M1 and you don't use M1. the 2230 buying signal was 13:25 GMT+3; 2 hours before NFP.

just like to know if you still stay true to the...

minako,

See my prior post to this one. (also see my post #14956 for an example)

As to what am I thinking....Usually it is how stupid can the markt be to believe the obvious lies of these politicians(i.e. Draghinochio)....that is my first reaction. But the markt is totally illogical and irrational and I must just react to what ever it does so...when I see a trend and I take it.

Evaluator.:nerd:
Attached Image
  • #14,980
  • Aug 5, 2012 12:43pm Aug 5, 2012 12:43pm
Quoting wiz3003
Hi Eval,

my humble contribution.
It seems that EU is consolidating in a zigzag way (5-3-5). In this case the new potential target could be beetwen 1,244 and 1,248; at this level pay attention to the *simphonie* which the market will play.

we don't know if this will be a simple or complex correction, but in the first case @ this level trend should be start again.

Vertical orange dotted lines are the time zone.

ciao

wiz

wiz,

Yes!!! this will be a roll a coaster ride as when 2 waves are violent and direct the 4th waves are often times complex and unpredictable in nature. As to tops...again the 1.2400 to 1.24500 ranges appears to be the logical choice but as to where it ends is pretty much any ones guess. (I have seen predictions from 1.24500 to as high as 1.27300)

It may be the wise choice to let this crazy corrective wave end and then just catch the next downtrend as that will be a more predictable and easier to read move and this one.

However, in either case I think Symphonie will beable to keep one on the right track for which side of the trade to be on and alittle patience can go a long way on crazy moves like the past week.

Evaluator.:nerd:
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