cuzgeorge wrote:
What i found interesting, is the 5-60 rule that Eval is using. he watches the 5m TF and if the starts line up, he checks the 1H TF and if it is showing 2 or more of the same indis in his 5mTF, he makes his trade. i Believe it's his Emontion and Sentiment indicator in the 1H TF that he looks at as a minimum for executing this position. This is programmable, but in reality, i think this is about 2 or 3 trades a day. Eval could comment about it, i never tried that, i like to get in and out all the time, one of my weaknesses.
cuzgeorge,
I think you may have the Symphonie 60-5 method backwards if I read your post correctly. I attach two flow diagrams that demonstrate the thought process behind Symphonie Trader System and the corresponding Symphonie 60-5 method.
Chart 1
First is the original design chart on the actual functions of price action and why I say that Symphonie is designed to always catch price action on the backside of a movement. You will see that Symphonie look to find already established patterns then one enters the price action the moment after the top/botom has been established and catches the ''meat'' of a price action movement. You want to enter at this area because you are looking for as little resistance to your orders direction as possible to ensure your chance of success. (original Symphonie Construction)
Chart 2
The reason I think Symphonie 60-5 is more successful is because it breaks down this process even further while keeping the trader looking at the larger picture (hourly chart) and out of the whipsaws of 5 min price action. As follows;
Symphonie in the 1 hour timeframe creates a signal. At this point, the 5 min Symphonie Matrix is usually always out of sync with the hourly chart as most candlesticks always have a wick. So for an hourly candlestick the wick is the pullback 5 min. Therfore, the 5 min chart must be out of sync or even showing a opposite signal.
Symphonie 60-5 method looks to catch both timframes at the exact moment both signals match which creates a very strong signal usually with great price action movement. (optimal entry point)
This is explained visually by chart number two.
So, 60 min Symphonie Signal first then watch 5 min for Symphonie Signal in the same direction as 60 min. (i.e.
Symphonie Sync Point)
There you have it....my entire brain trust on how Symphonie was designed and what it does in two easy graphs.
Evalautor.
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