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Symphonie Trader System

  • #15,521
  • Oct 10, 2012 4:00am Oct 10, 2012 4:00am
O.K..before any one past judgment I have been doing forex for 7 years and have not use demo accounts for many years...Yes I did blow a rather large live account but that was a part of a learning curve...many people buy into franchise businesses and fail at a great cost so I look at forex as a business in the same context
Ronald
  • #15,522
  • Oct 10, 2012 5:12am Oct 10, 2012 5:12am
The sentiment indicator cycles every 0.2 seconds. Put the indy on 10 pairs and your computer memory is used up. How do we slow down the cycles for this indicator? If this has been solved somewhere in the 1000 pages, can someone point me to it. thnx JJ
  • #15,523
  • Oct 10, 2012 7:11am Oct 10, 2012 7:11am
The EURUSD has made a bottom that is higher than the previous bottom...(i.e. higher low) and that makes me believe that the next major move in the EURUSD will be higher. Also the two down section of this past drop are in two equal parts that to me confirms this is only a corrective wave and that the next move will be much higher.

Based on this and 15 min charts are say buy I have buy the EURUSD at 1.29600 and 1.29700 looking for a first target of 1.31700 then 1.34400 as the final level.

The 60 min charts are on the edge of a BUY signal in Symphonie and that further confirms that the price aktion of EURUSD will move higher.

In terms of Elliott waves this is a textbook looking 4th wave and that place the 5th wave ending level at 1.34400 that also agrees with technical fib extensions.

Evaluator.:nerd:
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  • #15,524
  • Oct 10, 2012 5:28pm Oct 10, 2012 5:28pm
Hi everyone...I'm new to forex..started about 3 months back and studying night and day ever since..Still searching for a good strategy..looking through the posts I think I might have found the one..Will start trying it out monday and will keep posting all my trades to get a feedback from all the pros here...Thankyou evaluator for sharing this wonderful system...Its because of people like you I renew my trust in humanity ( I got scammed a few times buying different systems--I guess everybody does a little at the beginning.) But thanks again
Will be an active member here....
  • #15,525
  • Oct 10, 2012 11:13pm Oct 10, 2012 11:13pm
Hello taranjeet

I have been using Symphonie during US trading hours 100% of the time and late in the Asian session if the market is moving and sleeping during London session. I have been leaving the trades active during London while I sleep and moving my SL to entry in case the markets move against me.

I only enter trades when the market is volatile and there is decent volume. Typically US session is a good time for this. I also never enter before news releases but I will enter after a release if Symphonie gives a signal. I did some historical research and Symphonie reacts well to markets that are moving. If the market ranges right away, I have been getting a close signal from Symphonie with anywhere from +10 pips to -10 pips on averagre. Not bad considering that I have been able to grab 20 - 60 pips when the market trends.

I have thrown out all my previous methods of technical analysis and I am using Symphonie exclusively to see what it can do. So far my results have been wonderful.

I am now demo trading both EUR USD and GBP USD and Symphonie is doing a great job. Please note that I have only been testing this system for less than 2 weeks.

This is not advice, its just an update on my experience with this system. I would stay away from following my experience with this trading system if you plan on using different TF. What I am doing is appears to be working on the 15 min TF and I use a 20 pip SL.

BTW I grabbed +30 pips out of EU this afternoon trading Asian session(I don't usually trade during asian but EU was moving) I am currently LONG on EU and GU from about an hour ago.

Good luck
  • #15,526
  • Oct 11, 2012 2:36am Oct 11, 2012 2:36am
I'm testing this system since 3 weeks now on EURUSD, still not making any money.
  • #15,527
  • Oct 11, 2012 5:38am Oct 11, 2012 5:38am
S&P downgrades Spain after London Markt close and EURUSD drops to the 78.6 fib then bounces back. This hits my stoploss for +3 pips profit. Today the markt recovers and I have reenter buy at 1.28700 with the hope that the markt goes back on track and finish EURUSD rally to 1.31700 and 1.34400.

Evaluator.:nerd:
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  • #15,528
  • Oct 11, 2012 8:53am Oct 11, 2012 8:53am
Quoting igeorgei
Hello taranjeet

I have been using Symphonie during US trading hours 100% of the time and late in the Asian session if the market is moving and sleeping during London session. I have been leaving the trades active during London while I sleep and moving my SL to entry in case the markets move against me.

I only enter trades when the market is volatile and there is decent volume. Typically US session is a good time for this. I also never enter before news releases but I will enter after a release if Symphonie gives a signal. I did some historical...
Thanks a lot George for this valuable information...It helps a lot knowing what's currently working and what's not. I plan on using it on the 15min TF as well..Come monday and will see how well I do...
I saw that 30 pip move too and then the long position...Awesome)
Atleast I know now I'm looking at the things you are too..Thanks again..
  • #15,529
  • Oct 11, 2012 2:07pm Oct 11, 2012 2:07pm
Quoting Evaluator
S&P downgrades Spain after London Markt close and EURUSD drops to the 78.6 fib then bounces back. This hits my stoploss for +3 pips profit. Today the markt recovers and I have reenter buy at 1.28700 with the hope that the markt goes back on track and finish EURUSD rally to 1.31700 and 1.34400.

Evaluator.:nerd:
good job, doing very well.. if we break and cose past 1.2952, i'll be long with you.. conversely if i see a break and close past 1.2824 i'll be short. still waiting for symphonie
  • #15,530
  • Oct 12, 2012 12:47am Oct 12, 2012 12:47am
Quoting Evaluator
S&P downgrades Spain after London Markt close and EURUSD drops to the 78.6 fib then bounces back. This hits my stoploss for +3 pips profit. Today the markt recovers and I have reenter buy at 1.28700 with the hope that the markt goes back on track and finish EURUSD rally to 1.31700 and 1.34400.

Evaluator.:nerd:

looks good to me, we are going to be bullish for some time. based on the morning star im see'ing on the daily. i'm still waiting for a confirmation from symphonie




=================


• After an established down trending day-one is a long red day
• Day-two is a doji where the open and close are equal.
• Day-three is a blue day


Bullish Morning Doji Stars are a rare reversal pattern that offers one of the strongest bullish reversal signals in the Forex Market. Morning Star formations are characterized by a continuation of a bearish trend followed by a Doji, reflecting uncertainty in the strength of trend.

Up to day two we actually have a Doji Star formation, a moderate strength bullish pattern. After the day of indecision, the trend reversal is confirmed when a rally creates the large bullish candle. The stronger the move up on day-three, the stronger the reversal signal. Watch for additional bullish price action in the next few days.

In FX this formation practically identical to the bullish Abandoned baby. In non-FX markets candlestick analysts traditionally look for gaps to signal the strength of the Morning Doji Star pattern. Gaps between the close price and open price are very common outside efficient FX markets, since exchanges are traditionally limited to very short trading periods. Because Foreign Exchange trades 24 hours, gaps are very uncommon and need to be ignored in identifying Morning Star patterns.
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  • #15,531
  • Oct 12, 2012 1:01am Oct 12, 2012 1:01am
Quoting allisonmagic
good job, doing very well.. if we break and cose past 1.2952, i'll be long with you.. conversely if i see a break and close past 1.2824 i'll be short. still waiting for symphonie
The hourly symphonie only signalled about 100 pips ago, but what the heck, lets wait anyway I know I'm on your ignore list but had to say it anyway
  • #15,532
  • Oct 12, 2012 10:36am Oct 12, 2012 10:36am
If this is the start of the final push in EURUSD then a retracement to the 61.8 fib is expected over the next few days which will be followed by a rally to take the EURUSD to new highs above 1.30700.

Here is what I see and look to profit from. We have large reversal candlebar and that points to a finish of the rally from 1.28215 and points to a pullback before the next jump.

Evaluator.:nerd:
Attached Image (click to enlarge)
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  • #15,533
  • Oct 14, 2012 10:42pm Oct 14, 2012 10:42pm
Hi Evaluator,

Excellent prognosis so far 61.8 retracement hit ,thanks for your post, could I have your opinion on Exaggerated Divergence, can it be as described here on my charts , cheers
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  • #15,534
  • Oct 15, 2012 2:39am Oct 15, 2012 2:39am
Quoting Evaluator
If this is the start of the final push in EURUSD then a retracement to the 61.8 fib is expected over the next few days which will be followed by a rally to take the EURUSD to new highs above 1.30700.

Here is what I see and look to profit from. We have large reversal candlebar and that points to a finish of the rally from 1.28215 and points to a pullback before the next jump.

Evaluator.:nerd:

you were right.. it hit the 68 fib, and now it's rallying . i caught the downtrend and pulled 42 pips


Eval i f*cking love you ! you've showed me awesome ways to look at symphonie
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  • #15,535
  • Oct 15, 2012 3:35am Oct 15, 2012 3:35am
Quoting 2thetop
Hi Evaluator,

Excellent prognosis so far 61.8 retracement hit ,thanks for your post, could I have your opinion on Exaggerated Divergence, can it be as described here on my charts , cheers
Hi 2TheTop,
Exaggerated divergences are generally only present "when the price is making a double bottom or a double top and the indicator isn't". What you are showing on your chart as 'exaggerated' is barely a divergence at all, as both price & indicator were still making HH then, albeit only at a slightly different angle.
My 2 cents' worth...
  • #15,536
  • Oct 15, 2012 8:32am Oct 15, 2012 8:32am
Hi Evaluator,

thanks for the great and simple system,

can u tell if in future you are going to give mt5 version of this system......

can it be developed....???

regards

Lsolanki
you are the creator of your own destiny-Shivyog
  • #15,537
  • Oct 15, 2012 8:37am Oct 15, 2012 8:37am
what is the average drawdown of the system?
  • #15,538
  • Oct 15, 2012 9:37am Oct 15, 2012 9:37am
Hi !
This always been a wonderful thead, and I always love Evaluator's market analysis and pronosis. For me "Symphony Matrix Indikator v1.7" gives better signals than any other matrix. I also use "Symphany Trendline indikator" with default setting of 63, 18. I bet its even better than any other non-repainting matrix indicators. Try it out. A bit late signal is always better than earlier false signal.
  • #15,539
  • Oct 15, 2012 11:47am Oct 15, 2012 11:47am
Quoting david_bell
what is the average drawdown of the system?
This is my 4th week testing this strategy, my maximal drawdown is 8.72%. I believe I've started at a very unlucky time, I was only struggling with the moves, however today (including the morning moves due to the short position I didn't close at Friday night) I've nearly got back everything I lost during the 3 weeks. We'll see if I can keep up with the system.

Also I'm trying the same entry signals on a tiny-tiny bonus live account, where I have to risk 5% each trade (25 pips max SL) due to the min required lot size. On that account I've started last week Wednesday, I'm setting the nearest pivot levels to fully close the orders, so I'm not letting any trade to fall back (well, also not giving the chance to win big). On that acc I've got 17% gain so far.

However I'm also interested in the real statistics of traders using this system long time.
  • #15,540
  • Oct 15, 2012 1:16pm Oct 15, 2012 1:16pm
Quoting Lucem Ferre
This is my 4th week testing this strategy, my maximal drawdown is 8.72%. I believe I've started at a very unlucky time, I was only struggling with the moves, however today (including the morning moves due to the short position I didn't close at Friday night) I've nearly got back everything I lost during the 3 weeks. We'll see if I can keep up with the system.

Also I'm trying the same entry signals on a tiny-tiny bonus live account, where I have to risk 5% each trade (25 pips max SL) due to the min required lot size. On that account I've started...

See post #1
When all conditions are met - Enter trade - sit back and FRET !!!
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