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Symphonie Trader System

  • #15,261
  • Aug 31, 2012 4:23am Aug 31, 2012 4:23am
With my stoploss hit and the price action at the top of the wedge formation it is extremely possible for a breakout to the upside to occur as Symphonie gives a buy signal. However, the fact remains that a MAJOR news event of the Jackson Hole Economic Symposium is about to occur today. That combined with low liquidity means that for me I will sit on the sideline and await the outcome of this news event that will greatly effect the EURUSD.

However, if there is somehting obvious. I will take the trade but it has to be one of those ''to good to be true'' moments.

Evaluator.:nerd:
  • #15,262
  • Edited 10:43am Aug 31, 2012 4:33am | Edited 10:43am
this is great system, really nice
  • #15,263
  • Aug 31, 2012 4:56am Aug 31, 2012 4:56am
Quoting Evaluator
Wedge pattern is forming that does not look good for my short from 1.25560.
i meant no disrespect. but there is no short signal at 2556. the nearest was 2544 at 1600 GMT+3 (repainted to buy) or 2540 at 1720 (no repaint to sell).

you didn't use symph signal to enter. something else.

i started out with symph too so i just want to clarify. thanks.
Challenger
  • #15,264
  • Aug 31, 2012 5:04am Aug 31, 2012 5:04am
Quoting minako
i meant no disrespect. but there is no short signal at 2556. the nearest was 2544 at 1600 GMT+3 (repainted to buy) or 2540 at 1720 (no repaint to sell).

you didn't use symph signal to enter. something else.

i started out with symph too so i just want to clarify. thanks.

minako,

I did use Symphonie signal it was a older order that if you look back at the screenshot you will see the signal. I never closed because it appeared to be a double top and once my stoploss was in front of the order I just let the order run to see if it would have some better movement down. However, that was not to be and price action has whipsawed back up to the top of the channel of consolidation and hit my +3 stoploss.

Hope that helps.

Evaluator.:nerd:
  • #15,265
  • Aug 31, 2012 5:30am Aug 31, 2012 5:30am
EURUSD is begin to push out above the wedge formation on the 60 min chart. Will it be a breakout or is this to be just another false break as has been the case for most of August with price action.

Evaluator.:nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 374.jpg Size: 144 KB
  • #15,266
  • Edited 5:58am Aug 31, 2012 5:31am | Edited 5:58am
With the bernanke show coming up soon, the EUR is showing bullish signs, expecting QE. we've had a major spike in the EUR in the past few days, especially against our AUD safehaven. Keep an eye out for a breakout to the upside in the daily Wedge Evaluator has been looking at !
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 40 KB
  • #15,267
  • Aug 31, 2012 5:33am Aug 31, 2012 5:33am
even with a QE in effect how long will it last ? In the past Quantitative Stimulus has been temporary, and the US has had little to no effect in the long term. <--- this is a very debatable topic but hey, im not reserving judgement anytime soon lol
  • #15,268
  • Aug 31, 2012 5:34am Aug 31, 2012 5:34am
Quoting Evaluator
blerkd,

Please stop because it does nothing but make the matter worse.

Many thanks,

Evaluator.:nerd:
Flame mode disengaged. I guess I get trolled easily sometimes.

OK back on topic, is it possible to have two matrix indicators on one chart, one with a higher timeframe? Painted the same way it is in the screenshot, over 28 matrix ticks instead of 3 as it would be on 3.0.

That kind of representation is beautiful to me.

Would be very grateful for any tips or help on this. Or are there any programmers here?

Tehnobyte was it you that did advanced fractals? It functions the same way.. I assume this is by design but is it easily changed?

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: EU .png Size: 21 KB
  • #15,269
  • Aug 31, 2012 5:36am Aug 31, 2012 5:36am
Quoting allisonmagic
With the bernanke show coming up soon, the EUR is showing bullish signs, expecting no QE. we've had a major spike in the EUR in the past few days, especially against our AUD safehaven. Keep an eye out for a breakout to the upside in the daily Wedge Evaluator has been looking at !

I think the key mover today will be the Bernanke Speech. If he says there is no new QE stimulus program and just repeats the same language he has used about being vigilant on watching the economy closely then I think that will dissappoint the markt and there will most likley be some form of drop in EURUSD that has the possibility to move the markt 100s of pips.

If ''the Bernanke'' comes out with a new program like 2008 then look for the EURUSD rally to continue and it should gain momentum pushing it higher faster.

Evaluator.:nerd:
  • #15,270
  • Aug 31, 2012 5:40am Aug 31, 2012 5:40am
Quoting blerkd
Flame mode disengaged. I guess I get trolled easily sometimes.

OK back on topic, is it possible to have two matrix indicators on one chart, one with a higher timeframe? Painted the same way it is in the screenshot, over 28 matrix ticks instead of 3 as it would be on 3.0.

That kind of representation is beautiful to me.

Would be very grateful for any tips or help on this. Or are there any programmers here?

Tehnobyte was it you that did advanced fractals? It functions the same way.. I assume this is by design but is it easily changed?

Cheers...

blerkd,

Yes. One can have two timeframe matrix in the same chart window. All one does is adjust the timeframe value from 0 to what timeframe you wish.(example if you are in 5 min and want a 60 min add another Symphonie Matrix and change the timeframe to 60).

Evaluator.:nerd:
  • #15,271
  • Aug 31, 2012 5:40am Aug 31, 2012 5:40am
Quoting Evaluator
I think the key mover today will be the Bernanke Speech. If he says there is no new QE stimulus program and just repeats the same language he has used about being vigilant on watching the economy closely then I think that will dissappoint the markt and there will most likley be some form of drop in EURUSD that has the possibility to move the markt 100s of pips.

If ''the Bernanke'' comes out with a new program like 2008 then look for the EURUSD rally to continue and it should gain momentum pushing it higher faster.

Evaluator.:nerd:

alot of people hope for QE, but like i said before.. if we have QE how long will it last this time ? i think it's up to the american people to decide. not the government or it's branches
  • #15,272
  • Aug 31, 2012 5:41am Aug 31, 2012 5:41am
Quoting Evaluator
I think the key mover today will be the Bernanke Speech. If he says there is no new QE stimulus program and just repeats the same language he has used about being vigilant on watching the economy closely then I think that will dissappoint the markt and there will most likley be some form of drop in EURUSD that has the possibility to move the markt 100s of pips.

If ''the Bernanke'' comes out with a new program like 2008 then look for the EURUSD rally to continue and it should gain momentum pushing it higher faster.

Evaluator.:nerd:

you think the euro will gain in strength at the sight of some new QE ?
  • #15,273
  • Aug 31, 2012 5:48am Aug 31, 2012 5:48am
Quoting allisonmagic
you think the euro will gain in strength at the sight of some new QE ?
Absolutely! Think about it the USA central bank wants to print more USD then the laws of supply and demand take over. More USD means lower price and the EURUSD rises.

Theoretically, the same would be true for the EURO but everytime the EURO drops the USA Central Bank does something to keep the USD low. Can you say MANIPULATION?

However, that being said all that will do is stallout the eventual markt reset that will happen and there is nothing any Central Bank can do to prevent it because there is just to many Systemic Structural problems that are wrong with all the money printing and it will end soon. How bad it will end will depend on how much fiat money the EU or the USA has printed. (unless the EU breaks up)

Evaluator.:nerd:
  • #15,274
  • Aug 31, 2012 5:49am Aug 31, 2012 5:49am
Quoting Evaluator
blerkd,

Yes. One can have two timeframe matrix in the same chart window. All one does is adjust the timeframe value from 0 to what timeframe you wish.(example if you are in 5 min and want a 60 min add another Symphonie Matrix and change the timeframe to 60).

Evaluator.:nerd:

wow never thought of that.. would save space in metatrader
  • #15,275
  • Aug 31, 2012 5:50am Aug 31, 2012 5:50am
Quoting Evaluator
blerkd,

Yes. One can have two timeframe matrix in the same chart window. All one does is adjust the timeframe value from 0 to what timeframe you wish.(example if you are in 5 min and want a 60 min add another Symphonie Matrix and change the timeframe to 60).

Evaluator.:nerd:
This is what happens when I do that with matrix 3.0

3 h1 bars instead of 28
Attached Image
  • #15,276
  • Aug 31, 2012 5:50am Aug 31, 2012 5:50am
Quoting Evaluator
Absolutely! Think about it the USA central bank wants to print more USD then the laws of supply and demand take over. More USD means lower price and the EURUSD rises.

Theoretically, the same would be true for the EURO but everytime the EURO drops the USA Central Bank does something to keep the USD low. Can you say MANIPULATION?

However, that being said all that will do is stallout the eventual markt reset that will happen and there is nothing any Central Bank can do to prevent it because there is just to many Systemic Structural problems...

awesome lol
  • #15,277
  • Aug 31, 2012 5:51am Aug 31, 2012 5:51am
Quoting blerkd
This is what happens when I do that with matrix 3.0

3 h1 bars instead of 28

I would recommend you use 3.0.1 because people say 3.0 is to slow to react.

Evaluator.:nerd:
  • #15,278
  • Aug 31, 2012 6:21am Aug 31, 2012 6:21am
Quoting Evaluator
I would recommend you use 3.0.1 because people say 3.0 is to slow to react.

Evaluator.:nerd:
OK cool thanks..

Does seem a little faster in lfh, although it still paints as if I am looking at the indicator in h1 rather than the current timeframe..

Whereas what I want to see is the HTF zoomed so it actually shows up on m5 as 12 bars or ticks or whatever you'd call it..

I think it helps me for it to look that way so I can look back in history and see visually where m5 and h1 line up.

And the same for higher time frames..
Cheers
  • #15,279
  • Edited 9:49am Aug 31, 2012 9:12am | Edited 9:49am
The Bernanke says no new QE now...look for EURUSD to drop. I have take small short at 1.25900. Let us see where it leads... I will look to add at Symphonie Signal.

Evaluator.:nerd:

UPDATE: It looks like typical lack of liquidity in the Friday markt. As price stays at 1.25900. I have exit my trade with +1 pip profit as I think it trade sideways and then markt close. USA holiday on Monday so Americans are leaving for holiday weekend.

No liquitidty in markt....no real news from ''the Bernanke'' means no movement today.

Have a nice weekend and see you next week for more trading fun!.

Evaluator.:nerd:
  • #15,280
  • Aug 31, 2012 9:18am Aug 31, 2012 9:18am
Quoting Evaluator
The Bernanke says no new QE now...look for EURUSD to drop. I have take small short at 1.25900. Let us see where it leads... I will look to add at Symphonie Signal.

Evaluator.:nerd:

took a 60 pip profit from my eur/aud trade i've been sitting on for 3 days.. opened at 1.21487 after that release my stop was hit at 1.22107

all trading for me is closed until sunday. Have an awesome weekend guys !

thanks Eval for the awesome system !
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