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Symphonie Trader System

  • #15,581
  • Oct 18, 2012 2:53am Oct 18, 2012 2:53am
Quoting taranjeet_87
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...
the overall trend is bearish, and it looks like we are making lower highs. without looking i decided to try to find a top. a bit too soon from what i can see from this point. i got the signal from symphonie, and she repainted on me after a few candles. no worries, i'm only down 10 pips from that trade.
  • #15,582
  • Oct 18, 2012 3:02am Oct 18, 2012 3:02am
Quoting allisonmagic
the overall trend is bearish, but it looks like we are making lower highs, and without looking i decided to try to find a top. a bit too soon from what i can see from this point. i got the signal from symphonie, and she repainted on me after a few candles. no worries, i'm only down 10 pips from that trade.
yea you're right..I didn't see the daily chart..I tried trading on the H1 with a few different pairs..Took 3 trades and lost about 60 pips...hehe
I'm going back to my M5 and M15 for now...and will keep trading the H1 on a different demo account till I start getting some consistency..
  • #15,583
  • Oct 18, 2012 4:11am Oct 18, 2012 4:11am
Long on EurUsd from 1.3107 (SL 1.3083)
  • #15,584
  • Oct 18, 2012 5:50am Oct 18, 2012 5:50am
Quoting olivierforex
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...
Thanks for for reply Olivierforex, cheers
  • #15,585
  • Oct 18, 2012 9:57am Oct 18, 2012 9:57am
hi,

this is correct sell position ?


philipe
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h1-sell.gif Size: 30 KB
  • #15,586
  • Oct 18, 2012 10:52am Oct 18, 2012 10:52am
Quoting felipeds
hi,

this is correct sell position ?


philipe
The signal is a sell signal, however I wouldn't pull the trigger today since the price reached a very critical level. Tried to enter this morning without success, but pretty fast it showed me movements that I clearly consider too uncertain. I'd advise patience, let the pair decide which direction to go first. A lot of opportunities both way.
  • #15,587
  • Oct 18, 2012 11:31am Oct 18, 2012 11:31am
47 pip wide whispaw pattern all day today.....Markt has do nothing as markts are scared of EU Sumit today....Days like today is what they make biking for...not sit behind computer and watch markt stagnate....

I interesting note...this have allthe signs of expanding triangle pattern (see screenshot) which is generally a continuation pattern so as the 1.30400 to 1.30500 level is reach there should be a major reversal to the downside as expanding triangles are continue to the downside.

Here is come information on them....

http://investorplace.com/2009/04/tec...101-triangles/

or

http://www.babypips.com/school/triangles.html

Evaluator.:nerd:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 398.jpg Size: 136 KB
Click to Enlarge Name: expanding triangle3.jpg Size: 151 KB
  • #15,588
  • Oct 18, 2012 12:47pm Oct 18, 2012 12:47pm
That move would easily fit into the triangle I see on daily chart. Hope to see a nice fall or a bull breakout next week, so I can keep catching the moves. This week the system proved itself Thanks Evaluator.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 162 KB
  • #15,589
  • Oct 18, 2012 2:02pm Oct 18, 2012 2:02pm
pff, this figures.. of course i missed out on this 50 pip move
Attached Image (click to enlarge)
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  • #15,590
  • Oct 18, 2012 2:38pm Oct 18, 2012 2:38pm
Symphonie gave me some small negative trades today because EU and GU were ranging wildly on 15 TF but that last SHORT signal for EU and GU just bagged me over 100 pips. I closed all trades early before an exit signal.

I am done trading for today.

Thank you Symphonie and thank you Evaluator for some solid words of advice.

Cheers
  • #15,591
  • Oct 18, 2012 2:39pm Oct 18, 2012 2:39pm
Quoting felipeds
hi,

this is correct sell position ?


philipe

optimal entry seems to be 5 minutes to the close of the second candle. if you get your signal , wait for the next candle to come to 5 minutes within it's close and you can make a better entry point. we seem to have corrections of our first signal on our second candle 90% of the time
  • #15,592
  • Oct 18, 2012 2:42pm Oct 18, 2012 2:42pm
USD/CAD.

if we close under 9852, i'll look to close my position for 20 pips
  • #15,593
  • Oct 18, 2012 4:30pm Oct 18, 2012 4:30pm
Quoting allisonmagic
USD/CAD.

if we close under 9852, i'll look to close my position for 20 pips
closed my trade at 9850, 19.5 pips
  • #15,594
  • Oct 18, 2012 7:21pm Oct 18, 2012 7:21pm
I'm in long on the usd/jpy at 79.341

with the better than expected news out of japan and china, it looks like we were bullish a while back. after breaking out of a price channel for the past few hours i've decided to jump in on the yen.


our resistance level at 79.516, if we see a break and close on the 1h, i'll be moving my stop up to the R1 line, looking for a second target at 79.76
Attached Image (click to enlarge)
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  • #15,595
  • Oct 18, 2012 10:23pm Oct 18, 2012 10:23pm
Quoting allisonmagic
optimal entry seems to be 5 minutes to the close of the second candle. if you get your signal , wait for the next candle to come to 5 minutes within it's close and you can make a better entry point. we seem to have corrections of our first signal on our second candle 90% of the time

tks for reply.

which the best time ( hours of the day ) to trade with symphonie TS.


regards, philipe
  • #15,596
  • Oct 18, 2012 11:25pm Oct 18, 2012 11:25pm
Quoting Evaluator
I would like for EVERYONE to pay CLOSE ATTENTION to this situation and graph.

(caveat....This occurred during Asian session which can act weird at times)

This is an excellent reason that I promote proper Money Management when trading and as you have seen I have written extensively about it. This is a victory that was a failure......

Here is what I mean. (reference see post ##300 )
First, we have a Extreme...
Hi
I'm reading the first one and I had a question
so is it position in chart complete is false (SELL)#300
  • #15,597
  • Oct 19, 2012 1:58am Oct 19, 2012 1:58am
Quoting felipeds
tks for reply.

which the best time ( hours of the day ) to trade with symphonie TS.


regards, philipe

i personally trade the 1 hour chart, but it's really up to you. my trading style is to get as much out of the trend as possible.
  • #15,598
  • Oct 19, 2012 3:19am Oct 19, 2012 3:19am
Quoting 2thetop
Thanks for for reply Olivierforex, cheers
No problem.
This explains it very well with charts....
http://www.stockbangladesh.com/blog/...ng-divergence/
  • #15,599
  • Oct 19, 2012 9:52am Oct 19, 2012 9:52am
Quoting allisonmagic
i personally trade the 1 hour chart, but it's really up to you. my trading style is to get as much out of the trend as possible.
Allison what exit strategy do you follow on the 1H chart??
  • #15,600
  • Oct 19, 2012 9:58am Oct 19, 2012 9:58am
Quoting Evaluator
47 pip wide whispaw pattern all day today.....Markt has do nothing as markts are scared of EU Sumit today....Days like today is what they make biking for...not sit behind computer and watch markt stagnate....

I interesting note...this have allthe signs of expanding triangle pattern (see screenshot) which is generally a continuation pattern so as the 1.30400 to 1.30500 level is reach there should be a major reversal to the downside as expanding triangles are continue to the downside.

Here is come information on them....

http://investorplace.com/2009/04/tec...101-triangles/

or

http://www.babypips.com/school/triangles.html

Evaluator.:nerd:...
Darn....I was off and price only make it back to 1.31200 not 1.30400....then it falls like a stone....

I hope those that follow catch the Symphonie sell signal at 1.30980 for a nice 40 pip run.

Evaluator.:nerd:
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