Symphonie Trader System | Page 751 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Ci/symphonie extreme similarity explained! 144 replies

Symphonie/Cobra Hybrid System 4 replies

Symphonie trader or Genesis matrix 1 reply

Symphonie Trader System EA 73 replies

Yet another set of Symphonie Indicators 241 replies

Attachments: Symphonie Trader System
Exit Attachments

Symphonie Trader System

  • #15,001
  • Aug 8, 2012 1:34am Aug 8, 2012 1:34am
Quoting brainanda
anyway Symphonie Trader, How to identify if the matrix give us a false signal?
and how to handle it?
Thanks :-)
Page 1:

Exit Strategy One. (most conservative)

When the Cycle indicator shows an extreme value (spike or v3.0 colour change) exit the trade at the close of that candlestick. This strategy makes sure that you get all the profit from a trade as the extreme points are reached in a movement.

SPECIAL EXCEPTION to Exit Strategy This exception applies to all Exit Strategies and supersedes them. When a trade produces an Extreme Spikes before reaching 30 pips....,EXIT THE TRADE IMMEDIATELY.

-----------------

http://www.babypips.com/school/trading-breakouts.html

http://www.babypips.com/school/what-...anagement.html


Apologies for the rushed reply... but see the answers are there already
  • #15,002
  • Aug 8, 2012 1:54am Aug 8, 2012 1:54am
Quoting blerkd
Page 1:

Exit Strategy One. (most conservative)

When the Cycle indicator shows an extreme value (spike or v3.0 colour change) exit the trade at the close of that candlestick. This strategy makes sure that you get all the profit from a trade as the extreme points are reached in a movement.

SPECIAL EXCEPTION to Exit Strategy This exception applies to all Exit Strategies and supersedes them. When a trade produces an Extreme Spikes before reaching 30 pips....,EXIT THE TRADE IMMEDIATELY.

-----------------

http://www.babypips.com/school/trading-breakouts.html

http://www.babypips.com/school/what-...anagement.html


Apologies...


<---- page one has tons of info... listen to this guy
  • #15,003
  • Aug 8, 2012 11:48am Aug 8, 2012 11:48am
Quoting brainanda
anyway Symphonie Trader, How to identify if the matrix give us a false signal?
and how to handle it?
Thanks :-)

See the links in post#1 they will explain all you need to know about your questions.

Evaluator.:nerd:
  • #15,004
  • Aug 8, 2012 11:51am Aug 8, 2012 11:51am
It appears we have formed a top on the short term EURUSD. We have a klassik trendline break and now looking for a retest of the trendline break (i.e. 61.8fib) before the next major drop to the downside.

I hope everyone was able to take advantage of the trendline break and made a fer pips...

More pips to be made soon.

Evaluator.:nerd:

P.S. These are textbook support level breaks and retests. If one is unfamiliar with them please google and you can find many examples to assist you in your learning.
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 357.jpg Size: 132 KB
  • #15,005
  • Aug 8, 2012 12:24pm Aug 8, 2012 12:24pm
Quoting Evaluator
It appears we have formed a top on the short term EURUSD. We have a klassik trendline break and now looking for a retest of the trendline break (i.e. 61.8fib) before the next major drop to the downside.

I hope everyone was able to take advantage of the trendline break and made a fer pips...

More pips to be made soon.

Evaluator.:nerd:

P.S. These are textbook support level breaks and retests. If one is unfamiliar with them please google and you can find many examples to assist you in your learning.
It also looks like a double top no ?
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 357.jpeg Size: 119 KB
  • #15,006
  • Aug 8, 2012 1:40pm Aug 8, 2012 1:40pm
Quoting Fable
It also looks like a double top no ?

True or it could also be a very flat head and shoulders pattern with the bounce before the drop.
1.23500 would be the neckline.


Evaluator.:nerd:
  • #15,007
  • Aug 8, 2012 4:28pm Aug 8, 2012 4:28pm
Quoting blerkd
Page 1:

Exit Strategy One. (most conservative)

When the Cycle indicator shows an extreme value (spike or v3.0 colour change) exit the trade at the close of that candlestick. This strategy makes sure that you get all the profit from a trade as the extreme points are reached in a movement.

SPECIAL EXCEPTION to Exit Strategy This exception applies to all Exit Strategies and supersedes them. When a trade produces an Extreme Spikes before reaching 30 pips....,EXIT THE TRADE IMMEDIATELY.

-----------------

http://www.babypips.com/school/trading-breakouts.html

http://www.babypips.com/school/what-...anagement.html


Apologies...
oh yeah... never mind... and thanks anyway
hmm maybe I still need more experience to trade with this Symphonie
I was try on Strategy One, but how lucky I am... I always OP when the market still on Sideway
  • #15,008
  • Aug 8, 2012 4:32pm Aug 8, 2012 4:32pm
Quoting allisonmagic
<---- page one has tons of info... listen to this guy
ok sir...
I'll recheck on 1st page again again and again
and more learn to trade with this Symphonie
  • #15,009
  • Aug 8, 2012 4:36pm Aug 8, 2012 4:36pm
Quoting Evaluator
See the links in post#1 they will explain all you need to know about your questions.

Evaluator.:nerd:
Ok thanks Eval... I'll read again again and again
  • #15,010
  • Aug 8, 2012 9:14pm Aug 8, 2012 9:14pm
now we need to make a robot for symphonie
  • #15,011
  • Aug 9, 2012 12:15am Aug 9, 2012 12:15am
Quoting allisonmagic
now we need to make a robot for symphonie
haha it would be good.. i think someone tried already and it didn't go so well.

I guess we are the x factor in the equation
  • #15,012
  • Aug 9, 2012 12:27am Aug 9, 2012 12:27am
Quoting blerkd
haha it would be good.. i think someone tried already and it didn't go so well.

I guess we are the x factor in the equation

yah it's better to trade manually.. i don't really trust a robot with my real money.
  • #15,013
  • Aug 9, 2012 2:01am Aug 9, 2012 2:01am
Quoting allisonmagic
yah it's better to trade manually.. i don't really trust a robot with my real money.

allisonmagic,

Honestly, I do not think Symphonie can be made into an EA robot because there are just too many markt factors to be considered and human manual tradig will always be superior to any EA.

The markt is so unpredictable I do not think any EA will last long out in the real markt place. Human intereaction will always be better because humans can see and ''feel'' what and EA cannot.

Evaluator.:nerd:
  • #15,014
  • Aug 9, 2012 4:40am Aug 9, 2012 4:40am
A little bird tells me that there are alot of pending sell orders stacked up at the 1.23311 level. If that level is hit look for a large drop in EURUSD.

Until then expect alot of support from Bulls until they give up and let it drop.
  • #15,015
  • Aug 9, 2012 5:10am Aug 9, 2012 5:10am
Quoting Evaluator
A little bird tells me that there are alot of pending sell orders stacked up at the 1.23311 level. If that level is hit look for a large drop in EURUSD.

Until then expect alot of support from Bulls until they give up and let it drop.
A little bird tells me ...
  • #15,016
  • Aug 9, 2012 5:14am Aug 9, 2012 5:14am
The 1.23311 figure pending sell orders is hit and EURUSD takes a 20 pip drop. Next level of support at 1.23000 which is a possible psycological support. A break there ''look out below'' because there is no support until 1.21500.

Evaluator.:nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 358.jpg Size: 141 KB
  • #15,017
  • Aug 9, 2012 5:36am Aug 9, 2012 5:36am
Quoting Evaluator
The 1.23311 figure pending sell orders is hit and EURUSD takes a 20 pip drop. Next level of support at 1.23000 which is a possible psycological support. A break there ''look out below'' because there is no support until 1.21500.

Evaluator.:nerd:
Wich MA do you use on this figure ? Clearly it's not the 60 one

The weekly pivot looks to hold, Stoch from M5, M15 and H1 are oversold, moreover important numbers are coming in 2h
  • #15,018
  • Aug 9, 2012 5:39am Aug 9, 2012 5:39am
Quoting Fable
Wich MA do you use on this figure ? Clearly it's not the 60 one

It is a reference MA it is a 170 MA. I am testing stuff with it.

Evaluator.:nerd:
  • #15,019
  • Aug 9, 2012 7:19am Aug 9, 2012 7:19am
To add on to my post #15019....the level 1.22200 may also provide support to EURUSD as the 1.22200 level was the high on 20 Juli so that level should be defended then I see nothing until 1.21500.
  • #15,020
  • Aug 9, 2012 2:12pm Aug 9, 2012 2:12pm
Quoting Evaluator
To add on to my post #15019....the level 1.22200 may also provide support to EURUSD as the 1.22200 level was the high on 20 Juli so that level should be defended then I see nothing until 1.21500.
Looking at 4H chart, 2240 is 50% retrace from the low on Jul24th to high on the 7th. It also lines up with a trendline for this period. I see your 2150 level as being the retest of the last swing low.

Either way, its a good short!
Disregard all prognostications.
9 traders viewing now