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Symphonie Trader System

  • #15,561
  • Edited 9:13am Oct 17, 2012 8:56am | Edited 9:13am
EURUSD throw a curve and only drops to the 23.6 fib not the 38.2 fib as expected.....Did you catch it? (i did not ) Then jumps hard to finish out the movement that is why I do not like counter trend trades and I like to trade with the trend...I entered late on the final wave and only get 30 pips. I am look for the next drop and then buy as the the Symphonie Buy signals show.

Now looking for the drop and then the last rally before the end. Here is what I see now.

Evaluator.:nerd:

P.S. Look how SAR catches the extreme edges.....I think this maybe better Extreme....
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  • #15,562
  • Oct 17, 2012 9:27am Oct 17, 2012 9:27am
Here is an interesting article on the QE3 program from the USA Central Bank.

It is worth the read.

Destroying The Myths Of Bernanke's Brave New World Of QEtc.


also, is history repeating itself???

Head Of Zimbabwe Central Bank Explains QE3
  • #15,563
  • Oct 17, 2012 9:27am Oct 17, 2012 9:27am
I am on Long (ED) from 1.3100, already secured (BE+2pip) But think that the only way is UP!!
  • #15,564
  • Oct 17, 2012 9:35am Oct 17, 2012 9:35am
Quoting ajdafx
I am on Long (ED) from 1.3100, already secured (BE+2pip) But think that the only way is UP!!

I am also but I do not think it will last long. I think there will be a pop and then a drop.

Evaluator.:nerd:
  • #15,565
  • Oct 17, 2012 10:13am Oct 17, 2012 10:13am
Here is something from Business Insider that I think is very instructive.

7 Ways Your Brain Is Making You Lose Money


Read more: http://www.businessinsider.com/ways-...#ixzz29ZLffnKL

7. Your brain thinks it is great at investing. Overconfidence
6. Your brain doesn't know how to handle new information. Anchoring is related to overconfidence.
5. Your brain is too focused on the past. Representativeness.
 4. Your brain does not like to loose. Loss Aversion.
3. Your brain remembers everything. Information overload. Regret minimization.

2. Your brain likes to go with the trends. Frame dependence.
1. Your brain is great at coming up with excuses. Defense mechanisms.

Evaluator.:nerd:
  • #15,566
  • Oct 17, 2012 10:54am Oct 17, 2012 10:54am
Quoting Evaluator
EURUSD throw a curve and only drops to the 23.6 fib not the 38.2 fib as expected.....Did you catch it? (i did not ) Then jumps hard to finish out the movement that is why I do not like counter trend trades and I like to trade with the trend...I entered late on the final wave and only get 30 pips. I am look for the next drop and then buy as the the Symphonie Buy signals show.

Now looking for the drop and then the last rally before the end. Here is what I see now.

Evaluator.:nerd:

P.S. Look how SAR catches the extreme edges.....I think this...
With stalled price aktion during USA session it is possible to see an extension of wave 3 to the R3 Resistance level of 1.32120 so again...a counter trend trade is not adviseable. Watch closely the R2 Resistance level at 1.31335 and a break and close above that level then a retest and bounce...that will be the proof (with Symphonie) that price aktion moves higher.

Remember.....the TREND is your Friend!

Evaluator.:nerd:
  • #15,567
  • Oct 17, 2012 11:50am Oct 17, 2012 11:50am
Quoting taranjeet_87
Thanks Allison...I've started trading the 1H charts too from today..there's much less stress..no more screen staring all the time Perhaps we can both post our trades here to compare the results and get a better view of things..
I'm trading only the Eur/Usd for now...are you trying out any other pairs??
Looking at different pairs I think Usd/Cad, Aud/Usd and Eur/Aud are really nice since they trend for good lengths at a time...

sure sounds like a plan. i trade any pair that's trending. i was in the usd/chf on the 15min and got screwed. seems like symphonie only works the way i want it to on the 1h. i wait for the second symphonie signal before i enter any trade on the 1h. i tried this on the 15m and it reversed in seconds lol. never gonna do that again.
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  • #15,568
  • Oct 17, 2012 12:10pm Oct 17, 2012 12:10pm
Quoting allisonmagic
sure sounds like a plan. i trade any pair that's trending. i was in the usd/chf on the 15min and got screwed. seems like symphonie only works the way i want it to on the 1h. i wait for the second symphonie signal before i enter any trade on the 1h. i tried this on the 15m and it reversed in seconds lol. never gonna do that again.

Until the SNB stops manipulating their currency I will not trade any Swiss pair.


Evaluator.:nerd:
  • #15,569
  • Oct 17, 2012 12:10pm Oct 17, 2012 12:10pm
Quoting taranjeet_87
Thanks Allison...I've started trading the 1H charts too from today..there's much less stress..no more screen staring all the time Perhaps we can both post our trades here to compare the results and get a better view of things..
I'm trading only the Eur/Usd for now...are you trying out any other pairs??
Looking at different pairs I think Usd/Cad, Aud/Usd and Eur/Aud are really nice since they trend for good lengths at a time...

here's one of the pairs i'm keeping my eye on
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  • #15,570
  • Oct 17, 2012 12:12pm Oct 17, 2012 12:12pm
Quoting Evaluator
Until the SNB stops manipulating their currency I will not trade any Swiss pair.


Evaluator.:nerd:
haha, dude Switzerland doesn't print money as hardcore as the eurozone or usa, they have a steadily rising economy. i love to trade their currency because we always have a strong long lasting trend
  • #15,571
  • Oct 17, 2012 12:16pm Oct 17, 2012 12:16pm
keeping an eye on the yen as well
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  • #15,572
  • Oct 17, 2012 12:51pm Oct 17, 2012 12:51pm
Quoting allisonmagic
haha, dude Switzerland doesn't print money as hardcore as the eurozone or usa, they have a steadily rising economy. i love to trade their currency because we always have a strong long lasting trend

True but when you say this is the floor and buy or sell francs to keep the price at a static level then that is true manipulation of a currency. A healthy currency pair should move up and down and not be static or else the balance of trade of nations is off which causes loss of confidence. It is like tarriffs...they do nothing more than hurt the overall markt.

That is why I hate what the SNB is doing to their currency.

Evaluator.:nerd:
  • #15,573
  • Oct 17, 2012 12:58pm Oct 17, 2012 12:58pm
Quoting Evaluator
True but when you say this is the floor and buy or sell francs to keep the price at a static level then that is true manipulation of a currency. A healthy currency pair should move up and down and not be static or else the balance of trade of nations is off which causes loss of confidence. It is like tarriffs...they do nothing more than hurt the overall markt.

That is why I hate what the SNB is doing to their currency.

Evaluator.:nerd:
excellent analysis, i think your right. soon as sh*t hits the fan alot of investors lose confidence, that's why you see big spikes like when we hit an all time low in 2011
  • #15,574
  • Oct 17, 2012 2:05pm Oct 17, 2012 2:05pm
Quoting allisonmagic
here's one of the pairs i'm keeping my eye on

short aud/cad at 1.01450
  • #15,575
  • Oct 17, 2012 7:22pm Oct 17, 2012 7:22pm
Quoting allisonmagic
short aud/cad at 1.01450
It looks like a short retracement to me in a distinguished up trend....wave 4 in an uptrend..Though I just started using Elliot and still getting familiar with a few concepts will keep an eye on this one...
By the way I really like your idea on waiting for a second confirmation..Will try that too...I'm gonna learn a lot here...Thanks for the prompt replies...
  • #15,576
  • Oct 17, 2012 8:48pm Oct 17, 2012 8:48pm
I always wait for a second confirmation before I enter on the 15 min TF and it is working great for me.

I have 2 shorts right now on EU and GU. I got the signals 8 hours ago and EU gave me an exit signal an hour later but then went all red again so I reentered. I am up about 15 pips each so far. GU just gave me an exit signal but I am going to wait for second confirmation.

Symphonie broke even on GU over the past 3-4 trading days but it did very well on EU. GU just seemed to swing a bit more wildly while EU trended more. This is of course with respect to the 15 min TF.
  • #15,577
  • Oct 17, 2012 11:57pm Oct 17, 2012 11:57pm
The Symphonie indicators repaint sometimes but not all the time. Its kind of inconsistent. Today it happened 4 candles back!

Has anybody seen this? Any solutions to this problem?


Thanks
  • #15,578
  • Oct 18, 2012 1:39am Oct 18, 2012 1:39am
Can I have the indicators this system and template
I want to make the money from it but do not know how
Help me friends
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  • #15,579
  • Oct 18, 2012 2:36am Oct 18, 2012 2:36am
Quoting bab-esfanji
Can I have the indicators this system and template
I want to make the money from it but do not know how
Help me friends

Why do you have so many orders open?? Also why are you selling an obvious uptrend.

First, always set a stoploss to prevent margin call.
Second, if your first order is negative. Do not open another order until it is positive pips and protected with positive stoploss.
Third, after the second stoploss is hit that should tell you that you are going in the wrong direktion. Looking at your chart is it clear you are selling against the trend....Never do that or you will have no money in a short time.

I suggest you go back and re read post#1 and pay special attention to the money management section because looking at your chart and orders....YOU NEED IT!

Evaluator.:nerd:
  • #15,580
  • Oct 18, 2012 2:49am Oct 18, 2012 2:49am
Quoting bab-esfanji
Can I have the indicators this system and template
I want to make the money from it but do not know how
Help me friends

http://www.babypips.com/school/?ctt_...FW1yQgod6igAJQ


you need to learn how to crawl before you can walk
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