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Symphonie Trader System

  • #15,741
  • Nov 8, 2012 12:49pm Nov 8, 2012 12:49pm
Quoting Evaluator
ECB rate decision.....no change....

EURUSD....goes no where. lol

Now on to the Mario show!

lol, i paired up nzd and jpy. i even woke up at 6 am PST for the close of the rate decision candle and noticed it hadn't even moved !
  • #15,742
  • Edited 3:31pm Nov 8, 2012 1:46pm | Edited 3:31pm
eur/usd is going to see 1.25812
  • #15,743
  • Nov 8, 2012 3:15pm Nov 8, 2012 3:15pm
Hi Evaluator,

I've been reading the post and have test driven your trading indicator and it is great. I have several questions; 1- my "Sentiment Indicator" stays green. 2- What are the correct setting for your major indicators? 3. What are the current indicator versions?

Thanks again and keep up the great work !!!
  • #15,744
  • Nov 9, 2012 4:51am Nov 9, 2012 4:51am
Quoting jokadais
Hi Evaluator,

I've been reading the post and have test driven your trading indicator and it is great. I have several questions; 1- my "Sentiment Indicator" stays green. 2- What are the correct setting for your major indicators? 3. What are the current indicator versions?

Thanks again and keep up the great work !!!
jokadais,

Welcome and thank you.

1. a solid colour row means you do not have the indikator loaded in your indikator folder. I suggest you reload all the indikators from post 1 and place all of them in you indikator folder.

2. see post#1

3. Current version being used by thread is 3.0.1 however, I have an upgreade that I plan on release in a few weeks that I think will improve the stability and reliability of signals. so, until new release 3.0.1 is the latest version.

Evaluator.:nerd:
  • #15,745
  • Nov 9, 2012 5:04am Nov 9, 2012 5:04am
The EURUSD appears to still be caught in a downchannel where the last high/top was made on 31 Okt. Until the channel is break the bias is still down at this time. The bottom of the channel at 1.26400 also is a major conjestion (September) area that could provide support to EURUSD if the markt decide to test the bottom of the channel. However, based on the whipsaws of the past week the price aktion can still remained locked in the 1.27000 to 1.2800 range and retest the top of the channel sometime next week.

So the question remains....up?? down?? or sideways???

Symphonie gave a sell signal at 1.27348 on the 60 min chart and those trading in 15 min are short from 1.27735 so let us see how far the next drop takes us.

Happy trading.

Evaluator.:nerd:

(p.s. For all you pattern watchers...
On a small note, if the price aktion reverses and then stalls to trade sideways today around 1.27400 top 1.27600 level this could possibly form a reverse or inverted head and shoulders....just something to consider.)
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  • #15,746
  • Edited 9:04am Nov 9, 2012 7:28am | Edited 9:04am
1.2700 level breaks....look out below....next stop channel bottom..


UPDATE:

Opps.... looks like a big bounce...price drops to 1.26875 and now at 1.27177....B O U N C E!

Maybe Euro demise it premature...
  • #15,747
  • Nov 9, 2012 1:33pm Nov 9, 2012 1:33pm
Quoting Evaluator
1.2700 level breaks....look out below....next stop channel bottom..


UPDATE:

Opps.... looks like a big bounce...price drops to 1.26875 and now at 1.27177....B O U N C E!

Maybe Euro demise it premature...

fibo is showing 1.2655 at the moment
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  • #15,748
  • Nov 9, 2012 3:00pm Nov 9, 2012 3:00pm
taking a small short position, i'm in at 1.27139. targeting 1.26000
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  • #15,749
  • Edited 8:38am Nov 11, 2012 8:00am | Edited 8:38am
EURUSD closes the week in more consolidation after finally breaking lower. However, it is a weak break that has quickly formed a wedge formation that looks like it could become a pennant or flag which is generally a continuation pattern that could indikate further drops are imminent. Look for breaks of the upper and lower trendlines as that will be the new direktion of price aktion.

Best of Luck!

Evaluator.:nerd:
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  • #15,750
  • Nov 11, 2012 9:38am Nov 11, 2012 9:38am
Hi guys , i am now starting trading and have some difficulties how to put symphonie system on my chart properly .I have downloaded all the files from the first post but can't figure out in which folder of the terminal to put them .Also they have to be all in one folder or i have to separate them by folders. I know to most of you this questions will sound stupid but any help will be much appreciated.Thanks in advance.
  • #15,751
  • Nov 11, 2012 12:13pm Nov 11, 2012 12:13pm
Quoting Stepam
Hi guys , i am now starting trading and have some difficulties how to put symphonie system on my chart properly .I have downloaded all the files from the first post but can't figure out in which folder of the terminal to put them .Also they have to be all in one folder or i have to separate them by folders. I know to most of you this questions will sound stupid but any help will be much appreciated.Thanks in advance.

Indikators go into expert indikator folder and templates go inthe template folder.
  • #15,752
  • Nov 11, 2012 1:59pm Nov 11, 2012 1:59pm
Quoting Evaluator
EURUSD closes the week in more consolidation after finally breaking lower. However, it is a weak break that has quickly formed a wedge formation that looks like it could become a pennant or flag which is generally a continuation pattern that could indikate further drops are imminent. Look for breaks of the upper and lower trendlines as that will be the new direktion of price aktion.

Best of Luck!

Evaluator.:nerd:

bottom of wedge broken, but not closed. my target has changed short term
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  • #15,753
  • Nov 12, 2012 10:45pm Nov 12, 2012 10:45pm
Quoting allisonmagic
bottom of wedge broken, but not closed. my target has changed short term

took 30 hours but finally broke 1.2700... keeping my eyes on 1.26. closed my last position for 20 pips from 1.2713, im back in at 1.26902, targeting 1.2664
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  • #15,754
  • Nov 13, 2012 7:18am Nov 13, 2012 7:18am
Quoting allisonmagic
took 30 hours but finally broke 1.2700... keeping my eyes on 1.26. closed my last position for 20 pips from 1.2713, im back in at 1.26902, targeting 1.2664
I agree the bias is down because price aktion still remains in the downchannel from my post 15,752my target is still 1.26190. Only a channel break above 1.27500 would change my bias.

Evaluator.:nerd:
  • #15,755
  • Nov 13, 2012 10:02am Nov 13, 2012 10:02am
Hi,
Does anyone have a list of the best FX pairs to trade, in using the " Symphonie Trader System"? I've been trading all of pair and work with the higher time frame to follow the trends? Thanks for any help !!
  • #15,756
  • Nov 13, 2012 10:43am Nov 13, 2012 10:43am
Quoting jokadais
Hi,
Does anyone have a list of the best FX pairs to trade, in using the " Symphonie Trader System"? I've been trading all of pair and work with the higher time frame to follow the trends? Thanks for any help !!

i suggest you trade the safe havens... aud/usd, euro/usd
  • #15,757
  • Nov 13, 2012 1:47pm Nov 13, 2012 1:47pm
Quoting allisonmagic
i suggest you trade the safe havens... aud/usd, euro/usd
Thanks...I'll tried them. Thanks again.
  • #15,758
  • Nov 14, 2012 7:08am Nov 14, 2012 7:08am
The EURUSD bounces on the daily 100 MA line and the bounce is so much that it breaks out of the 60 min downchannel. This could be a direktion change. I was stopped out of my short positions for +3 pips (not happy about that) and now with a channel break I am look for a retest of the top of the trendline for possible false break and if now then I look to buy the next bounce. As is common with Channeltop breaks the price aktion will break the channel retest the top and if strength is there then direktion will continue with in the direktion of the channel break. (in this case up)

Unfortunately, bottoms and tops are always difficult moves and there is usually many whipsaws as the buyers and sellers fight for control of the overall direktion. In times like this it is always important to watch for the technicals to show direktion and then take the next Symphonie Signal and then just ride the trend. I know it is hard to change direktions in the markt once one has a good run in a direktion but sometimes you must shake your bias and embrace the change.

Evaluator.:nerd:
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  • #15,759
  • Nov 14, 2012 11:05am Nov 14, 2012 11:05am
Quoting Evaluator
The EURUSD bounces on the daily 100 MA line and the bounce is so much that it breaks out of the 60 min downchannel. This could be a direktion change. I was stopped out of my short positions for +3 pips (not happy about that) and now with a channel break I am look for a retest of the top of the trendline for possible false break and if now then I look to buy the next bounce. As is common with Channeltop breaks the price aktion will break the channel retest the top and if strength is there then direktion will continue with in the direktion of the...

awesome info, thanks for the update eval
  • #15,760
  • Nov 15, 2012 7:14am Nov 15, 2012 7:14am
As I state in my post 15,761 it is normal for when price aktion is break out of a channel that after the break the markt will retest the channel and if stay above the channel break then the next is the bounce. SO, look what happen to price aktion...B O U N C E ...right off the 100MA line and price aktion now moves higher. If this have been a failure then the markt price aktion would move back inside the channel and the price aktion would then drop that is called a ''false break'' and the channel lines are the key indikator for determine a channel break retest and bounce to a channel break and failure.

This is a repeating pattern of the markt that is very important for new traders to learn because pattern just like this one happen over and over and over and over again in the markt and once you see it; you can take advantage of it because you will know where the next moves are going to be in the markt.

Markt interpretation is very important to understand and it will give one an edge to trading....Then all you have to do is wait for the Symphonie Signal and execute.

Now the next question is how far up will the rally in EURUSD go??? Only the markt knows..... All we can do is watch for the signs and patterns and then let Symphonie tell us what to do and when to do it.

Evaluator.:nerd:
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