Semafor Trend Trading

Turns out this could have been a quick 10 pip trade (or more). I decided not to take this one though (see above).

Thanks a lot mksmith31.

Do you expect momentum at the breaking of the candle to enter the trade, or simply place a pending order?

Cheers!

hi every body and thanks about your nice thread
I have question that ask u in pictures of below

Yes that could have been a successful entry. When buying we want higher lows, when selling we want lower highs.

I use pending orders to ensure I get the price I want. This allows me to set my risk/reward ahead of time and have my targets and stops in place.

Just took this M15 trade - Good luck out there!

hello, i'm demo trading this system, focusing on H1 charts and just trading the large (#3) semafor. i'm just a bit loss since i'm new to forex. can someone please tell me what those lines in the indicator stands for? like MR3, DR2, DR4. RDH (range day high?)...

i hope someone still follows this thread.