Symphonie Trader System | Page 789 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Ci/symphonie extreme similarity explained! 144 replies

Symphonie/Cobra Hybrid System 4 replies

Symphonie trader or Genesis matrix 1 reply

Symphonie Trader System EA 73 replies

Yet another set of Symphonie Indicators 241 replies

Attachments: Symphonie Trader System
Exit Attachments

Symphonie Trader System

  • #15,761
  • Nov 16, 2012 12:27pm Nov 16, 2012 12:27pm
Hi Evaluator, Im from Chile and I`ve looking the STS for four days and read the first page like 5 times and in every read I learn something new. From Monday I will testing with my Demo account for one month and hope to upload the results. But what Im looking and read on the thread so far is a great sistem. Congratulations for share and give directions to the new traders like me.
  • #15,762
  • Edited 11:24pm Nov 18, 2012 9:05pm | Edited 11:24pm
HI,Eva
when I put your system in trade ,I find the problem,your Extreme indicator Keep changing，Even if Several candle lines has completed the，It still changing，so,it's no Timely extreme indicator .How to solve this problem, or Are there other indicators can substitute？
I am sorry, my English is very bad.

Thank you
Sym

"Exit Strategy #1 is best for new people because it is easiest to follow. I will make one caveat.....once you get an extreme spike wait for 3 to 4 bars to see it the Extereme holds. If no repaint then exit at close of 4th bar/beginning of 5th" OK,I find it and know it now!
Attached Image (click to enlarge)
Click to Enlarge Name: QQ??20121119110359.png Size: 9 KB
  • #15,763
  • Nov 19, 2012 8:41am Nov 19, 2012 8:41am
Hi eva,
I was attracted by your extreme indicator,soon,I find it's no timely indicator, It keeps changing with Candle line, even though price moving fit 4 indicator,but we can not buy/sell in all " fit 4 indicator s" cases,Otherwise，we will die kill by frequent mini stoplose,even we have good Money Management Strategy.we have to consider the best “fit 4 indicator”time which let profit run longer and longer,so,we should think of resistance and support..... I find that" judging trend(UP/Down)+Location（best resistance /support)+(price action thinking) " is necessary and Important in your system...

Did I say right?
Attached Image (click to enlarge)
Click to Enlarge Name: 20121119224015.png Size: 16 KB
  • #15,764
  • Nov 19, 2012 11:47am Nov 19, 2012 11:47am
Quoting Symphonie
Hi eva,
I was attracted by your extreme indicator,soon,I find it's no timely indicator, It keeps changing with Candle line, even though price moving fit 4 indicator,but we can not buy/sell in all " fit 4 indicator s" cases,Otherwise，we will die kill by frequent mini stoplose,even we have good Money Management Strategy.we have to consider the best “fit 4 indicator”time which let profit run longer and longer,so,we should think of resistance and support..... I find that" judging trend(UP/Down)+Location（best resistance /support)+(price...

you should really think about using 3.01.. also, wouldn't hurt drawing trendlines, using pivots and fibonacci retracements to find bottoms, tops, resistance, support and targets


Symphonie was designed mostly for entry and exit. However it's more of a lagging system. You should only use it for the majority direction of the market. Symphonie shows strength and direction combined over time. bias of the markets
  • #15,765
  • Nov 21, 2012 11:05am Nov 21, 2012 11:05am
Quoting allisonmagic
you should really think about using 3.01.. also, wouldn't hurt drawing trendlines, using pivots and fibonacci retracements to find bottoms, tops, resistance, support and targets


Symphonie was designed mostly for entry and exit. However it's more of a lagging system. You should only use it for the majority direction of the market. Symphonie shows strength and direction combined over time. bias of the markets

I agree allisonmagic; v3.0.1 is easier on the eye and simplifies ones charts.

Evaluator.:nerd:
  • #15,766
  • Nov 21, 2012 11:07am Nov 21, 2012 11:07am
Markts this week are going to be very low in liquidity and this may not be a good week to trade since the USA markts are closed for Thursday, Friday, and Monday. Look for many nice beginning moves that will only be completely retraced as the markt has few players to keep momentum and direktion going.

Evaluator.:nerd:
  • #15,767
  • Nov 21, 2012 2:44pm Nov 21, 2012 2:44pm
we are see'ing higher highs and higher lows. however we are bouncing off the upper trendline drawn from 12874, moving down. we are a bit wedged in for the moment.. i would look for a drop down to the 61.8 fib , unless we break the high for this period at 1.28323. at that point we should see a target of 1.2869
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 42 KB
  • #15,768
  • Nov 26, 2012 6:03am Nov 26, 2012 6:03am
We start a new full week and it appears that the EURUSD is to run into some tough resistance at the 1.30100 level which is former support turned resistance from last November. If the price aktion breaks the 1.30500 level then I will look to buy dips (on Symphonie Signals) as this points to a complete retracement of the last major drop from September of 2011 where the high was 1.41800. The pattern would also complete a inverted head and shoulders that points to a reversal and would tie very nicely into a possible relief rally of the Euro Crisis that will conside with the Agreement to ''once again'' of the EU Governing body on 3 Dec. Bailout Greece....ENOUGH ALREADY! Greece is a blackhole....

If however, there is no resolution to the Greek crisis by December 5th then Greece once again will run out of funds and begin to default on loans. If the price aktion falls below 1.28400 then I look to sell the EURUSD as the Symphonie Signals appear.

Either way....watch markt events for a catalyst and then just follow the Symphonie Signals for the best entries and ride the trends.

Best of Luck.

Evaluator.:nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 422.jpg Size: 138 KB
  • #15,769
  • Nov 26, 2012 7:56am Nov 26, 2012 7:56am
Quoting erksa
I am afraid the indicator repaints at least 4 previous bars... Is there a way to fix the repainting issue?
You want the non-repainting (true) version of it especially for backtesting (the other one is completely useless for that).
Attached File(s)
File Type: ex4 10.2 TMA slope true 4.30.ex4   10 KB | 606 downloads
  • #15,770
  • Nov 26, 2012 2:56pm Nov 26, 2012 2:56pm
Warning....Wedge formation on EURUSD in 15 and 60 min.

I am watch closely......

Evaluator.:nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 424.jpg Size: 132 KB
  • #15,771
  • Nov 28, 2012 1:28am Nov 28, 2012 1:28am
If you follow from my Post 15,773 you will see that I was watching this wedge or pennant pattern that was forming and it appears that the quick rally after breaking out of the wedge to the upside turns out to be a false break (the repeating stroy of this year) and now price aktion have fall back below and a reversal seem to be taking place as the price aktion puts in a double top formation with a high or 1.30070.

If you were trade in 15 min you would have had two orders stopped out at +1 pip profit a would be in a sell order from 1,29644 that would still be open and gainin in pips. I must say this has not been the easiest of markts to trade these past few weeks as it appears that a final conclusion is building on a global scale as the Euro Crisis seems to be reaching a crossroad and the USA government is run out of money soon. As I state in Jan 2012 this year appears to be a wild roll-a-coaster and it certainly has been that with alot of wild whipsaws.....

As I suspect the trading will become wilder as the ends of this appear to be closer to either a resolution or complete collapse and reset of the world currency markts......

For today the message is downtrend for the EURUSD and take advantages of these small trends while you can. Best of luck trading.

Evaluator.:nerd:

P.S. While I have not lost money the past 2 weeks I have missed my trade profit targets for the week and have fallen behind my schedule. Will show you more in Dezember.
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 425.jpg Size: 120 KB
  • #15,772
  • Nov 28, 2012 3:59am Nov 28, 2012 3:59am
Quoting Evaluator
If you follow from my Post 15,773 you will see that I was watching this wedge or pennant pattern that was forming and it appears that the quick rally after breaking out of the wedge to the upside turns out to be a false break (the repeating stroy of this year) and now price aktion have fall back below and a reversal seem to be taking place as the price aktion puts in a double top formation with a high or 1.30070.

If you were trade in 15 min you would have had two orders...

very much appreciated man, thanks for all the updates !
  • #15,773
  • Nov 28, 2012 8:52am Nov 28, 2012 8:52am
Quoting allisonmagic
very much appreciated man, thanks for all the updates !
You are most welcome.

Evaluator:nerd:
  • #15,774
  • Nov 28, 2012 12:43pm Nov 28, 2012 12:43pm
WOW!

Gold takes a beating today....!
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 426.jpg Size: 122 KB
  • #15,775
  • Nov 29, 2012 8:35am Nov 29, 2012 8:35am
>EURUSD seems to still be unable to pick a direction for the overall trend as the price action moves back to the high 1.29s and appears to be forming a possible triple top or could this just be the pause before the next rally to the top of the conjestion area at 1.31040?

Only the markt knows...

Evaluator.:nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 427.jpg Size: 153 KB
  • #15,776
  • Nov 29, 2012 7:12pm Nov 29, 2012 7:12pm
Euro bulls are once again rejekted for a 3 time at the 1.30 level with such force that it breaks the uptrend. This is followed by a retrace back to the broken trendline but fails to move back above. This has formed a classic pattern and the next move should be down.

Now comes the real question.....How far should next drop go before potential support? Well that would be 1.28400 or the last point of consolidation of the last rally of the EURUSD from 20 Nov. But will it hold and the EURUSD bounces higher or drops further`??? Good question and the answer is.....only the markt knows...

Happy Trading.

Evaluator.:nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 429.jpg Size: 123 KB
  • #15,777
  • Nov 30, 2012 7:33am Nov 30, 2012 7:33am
Symphonie finally calls a short after 14 hours....a break of 1.29700 will confirm reversal to the downside. The EURUSD is refusing to die...!

Evaluator.:nerd:

UPDATE: 3 minutes later the EURUSD breaks SAR line. Reversal confrimed.
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 430.jpg Size: 137 KB
  • #15,778
  • Nov 30, 2012 7:47am Nov 30, 2012 7:47am
Quoting Evaluator
WOW!

Gold takes a beating today....!

Which time frame you trade gold? you can show one example please.


kind regards,
  • #15,779
  • Nov 30, 2012 9:53am Nov 30, 2012 9:53am
Quoting felipeds
Which time frame you trade gold? you can show one example please.


kind regards,

Normally 5 min for entry points and 15 min for the signals.

So, when I have signal in 15 min I jump down to 5 min and take the next 5 min signal after small retrace that normally happens at a Symphonie signal in 15 min.
  • #15,780
  • Dec 1, 2012 3:59am Dec 1, 2012 3:59am
Dyekid (or...anyone ELSE for that matter lol)
My email: [email protected]
in case anyone else is looking for a good broker, I don't want the masses jumping onto same bandwagon and this system stops working because of this, some brokers have closed their DOORS because they couldn't cope with mass profits people were making.

So...my INITIAL question, does anyone know a good broker to use for micro AND mini accounts (yes, I'm starting on micro then moving up eventually), I'm speaking to someone who has been with their broker for YEARS without a problem, I need broker who'll look after a client whether they have small OR big account. I'm also aware that micro accounts have market maker feeds (resource: FROM a broker). So perhaps...a good broker to start OFF with (micro) then a good broker who can handle big accounts?

Thanks in advance
6 traders viewing now