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Symphonie Trader System

  • #15,721
  • Nov 6, 2012 3:34am Nov 6, 2012 3:34am
Quoting Evaluator
EURUSD price action has finally dropped to the 38.2 fib retracement of the last wave 3 rally from 1.21300 to 1.31679.

If this holds as a wave 4 retracement then the EURUSD has approached a possibel bounce level that will set in place the final wave 5 rally. This is also a resistance level turned support so a break below 1.27400 should prove to be very supportive to price action.

A break of this level could force a complete retracement back to the July low of 1.20200 so watch close for your Symphonie signal to buy or sell because at this point...

welcome back lol
  • #15,722
  • Nov 6, 2012 4:10am Nov 6, 2012 4:10am
Quoting allisonmagic
welcome back lol

  • #15,723
  • Nov 6, 2012 2:19pm Nov 6, 2012 2:19pm
Quoting Evaluator

didn't see you sunday or yesterday, so i said welcome back

i missed my favorite trader
  • #15,724
  • Nov 6, 2012 2:21pm Nov 6, 2012 2:21pm
Quoting Evaluator
EURUSD price action has finally dropped to the 38.2 fib retracement of the last wave 3 rally from 1.21300 to 1.31679.

If this holds as a wave 4 retracement then the EURUSD has approached a possibel bounce level that will set in place the final wave 5 rally. This is also a resistance level turned support so a break below 1.27400 should prove to be very supportive to price action.

A break of this level could force a complete retracement back to the July low of 1.20200 so watch close for your Symphonie signal to buy or sell because at this point...

if we can see a break of 1.2825, we will have an instant target of 1.28492
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  • #15,725
  • Nov 7, 2012 1:40am Nov 7, 2012 1:40am
Quoting allisonmagic
if we can see a break of 1.2825, we will have an instant target of 1.28492

My current guess is 1.34 with a possible extension to 1.38 and with Obama win as next USA President the USA Central Bank policy will be the same....print print print.

Already there is talk of a new round of additional money needed by USA Government because their debt ceiling will not be enough to make it through 2012.

See article

http://cnsnews.com/news/article/trea...-near-end-2012
  • #15,726
  • Nov 7, 2012 1:55am Nov 7, 2012 1:55am
Quoting Evaluator
My current guess is 1.34 with a possible extension to 1.38 and with Obama win as next USA President the USA Central Bank policy will be the same....print print print.

Already there is talk of a new round of additional money needed by USA Government because their debt ceiling will not be enough to make it through 2012.

See article

http://cnsnews.com/news/article/trea...-near-end-2012

wich explains our recent ascending movements in the euro. we seem to have been in sort of a channel the past month with a low around 1.280 and a high around 1.31. you think the euro has what it takes to get bumped up to a close above 1.31 ?


yup, doesn't surprise me that they've hit their debt limit. now i wonder if it's finally time to start pumping money into our pockets
  • #15,727
  • Nov 7, 2012 2:27am Nov 7, 2012 2:27am
Quoting allisonmagic
wich explains our recent ascending movements in the euro. we seem to have been in sort of a channel the past month with a low around 1.280 and a high around 1.31. you think the euro has what it takes to get bumped up to a close above 1.31 ?


yup, doesn't surprise me that they've hit their debt limit. now i wonder if it's finally time to start pumping money into our pockets
With USA Central Bank printing 40 billion each month and now USA Government need another 400 to 600 billion before end of 2012...YES...I think it can go that high.

Here is another article about monetary easing in USA.

http://www.bloomberg.com/news/2012-1...l-results.html
  • #15,728
  • Nov 7, 2012 10:40am Nov 7, 2012 10:40am
Quoting allisonmagic
if we can see a break of 1.2825, we will have an instant target of 1.28492
Hi, allisonmagic! could u share your s/r lines indicator? would appreciate a lot. thanks in advance!
  • #15,729
  • Nov 7, 2012 11:32am Nov 7, 2012 11:32am
Here is a small teaser for all....

Symphonie is undergoing a major upgrade that should improve its abilities. So far testing appears to be going well and the accuracy is amazing. Look for a release soon...(most likely Mid Decemeber)

Symphonie 4.4

Evaluator.:nerd:
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  • #15,730
  • Nov 7, 2012 12:53pm Nov 7, 2012 12:53pm
Quoting Evaluator
Here is a small teaser for all....

Symphonie is undergoing a major upgrade that should improve its abilities. So far testing appears to be going well and the accuracy is amazing. Look for a release soon...(most likely Mid Decemeber)

Symphonie 4.4

Evaluator.:nerd:
sounds like fun, hope you got my demo reports
  • #15,731
  • Nov 7, 2012 12:54pm Nov 7, 2012 12:54pm
Quoting Kostilijo
Hi, allisonmagic! could u share your s/r lines indicator? would appreciate a lot. thanks in advance!

hi there.. i'm using the fibonacci tool for measuring price and setting targets
  • #15,732
  • Nov 7, 2012 12:56pm Nov 7, 2012 12:56pm
when using the fibonacci tool, here's a little tip.

ignore the 23 fib as your target, however, it works well in short term support
  • #15,733
  • Nov 7, 2012 1:10pm Nov 7, 2012 1:10pm
Quoting Kostilijo
Hi, allisonmagic! could u share your s/r lines indicator? would appreciate a lot. thanks in advance!

here's a little example.. i say to expect to see the 382 fib, because the 23 fib doesn't give very strong resistance or support
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  • #15,734
  • Nov 7, 2012 6:56pm Nov 7, 2012 6:56pm
It looks like you're doing a lot with the scripting so speed may be an issue. This might be addressed if you move the functionality into a DLL instead. The MT4 API is fairly cleanly exposed, and real code in a DLL executes *much* faster than the interpreted scripting. You could still do the popup or other signal and even add graphics on a separate dialog from your DLL that controls what MT4 is doing.

Anyway, just a thought for LDHT
  • #15,735
  • Nov 7, 2012 7:20pm Nov 7, 2012 7:20pm
AUD/USD retraced around the 0.382 fib, with a break past R1 at 0.618. i'm long, set my targets as we move
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  • #15,736
  • Nov 7, 2012 7:26pm Nov 7, 2012 7:26pm
here's my overall targets on the daily
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  • #15,737
  • Edited 5:17am Nov 8, 2012 1:25am | Edited 5:17am
Today is ECB rate decision day....Expect markt volumes to dry up before the Rate Decision...Also Draghi will be speak today with press conference.

Looking for excitement at the conference.

As usual I will not trade 60 min before the rate decision and will look for markt to pick direktion and ride the trend once the markt decides.

Evaluator.:nerd:
  • #15,738
  • Nov 8, 2012 3:14am Nov 8, 2012 3:14am
Quoting Evaluator
Today is ECB rate decision day....Expect markt volumes to dry up before the Rate Decision...Also Draghi will be speek today with press conference.

Looking for excitement at the conference.

As usual I will not trade 60 min before the rate decision and will look for markt to pick direktion and ride the trend once the markt decides.

Evaluator.:nerd:

awesome, thanks eval
  • #15,739
  • Nov 8, 2012 6:52am Nov 8, 2012 6:52am
ECB rate decision.....no change....

EURUSD....goes no where. lol

Now on to the Mario show!
  • #15,740
  • Nov 8, 2012 9:32am Nov 8, 2012 9:32am
Three big lies from today’s Draghi press conference

http://www.forexlive.com/blog/2012/1...ss-conference/


 

  1. Nobody got any extra funding from the Bank of Spain because they made a “mistake” in applying the ECB’s collateral rules.Impossible. If the rules had been correctly applied the collateral posted would have been subject to a deep haircut and less funding would have been made available.
  2. OMT will not be used unless there is an ESM program in place. Since announcing the OMT program in late July, Draghi has tried to have it both ways on the OMT. First he says the program is designed to promote monetary policy transmission. In the next breath, he says the program is subject to conditionality, like governments accepting a loss of sovereignty over their fiscal affairs. There two notion are completely at odds with one another. Mr. Market will one day see through the charade and punish the ECB for an ill-conceived program.
  3. The return of LTRO funding by banks is not a matter of concern Why the hell not, Mario? You provide a trillion euros of liquidity to euro area banks against very shaky collateral and you don’t care if the banks are unwilling to lend it on to businesses and consumers? You don’t care that the ECB balance sheet may shrink just at the point where the core of Europe tips over into recession?

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