I am a big fan of the SEMFOR and I feel that there is a general misunderstanding about the indicator. Almost every discussion I have come across that references the SEMAFOR has somebody crying about "re-painting".
So let's start by addressing "re-painting". First - forex prices are not static. Second, trading is not an exact science. There are a lot of grey area's in trading and if you cannot accept this then you are in for some painful days.
If I call you at 9am and tell you the high printed at 1.6395 - is there any guarantee that at 9:05 there won't be a new high?
So what is re-painting other than the indicator doing what it is supposed to do and alert you that a new high has printed. If you enter a trade solely based upon a semafor painting - you are essentially entering trades every time a new high or low is made. If you can find an edge in doing this, more power to you and there is no need to continue reading as you are a market wizard.
So if anywhere in this thread someone complains about repainting, be prepared to be told that trading is not for you!
Now on to the semafor's!
Looking at the above chart (in hindsight) it is pretty obvious that the semafors mark swings/pivots. However, as I previously stated, markets are not static, but rather quite dynamic! So how can you use the semafor in "real-time"?
One way is by utilizing Heikin Ashi candles...
more to come (an actual system)....
So let's start by addressing "re-painting". First - forex prices are not static. Second, trading is not an exact science. There are a lot of grey area's in trading and if you cannot accept this then you are in for some painful days.
If I call you at 9am and tell you the high printed at 1.6395 - is there any guarantee that at 9:05 there won't be a new high?
So what is re-painting other than the indicator doing what it is supposed to do and alert you that a new high has printed. If you enter a trade solely based upon a semafor painting - you are essentially entering trades every time a new high or low is made. If you can find an edge in doing this, more power to you and there is no need to continue reading as you are a market wizard.
So if anywhere in this thread someone complains about repainting, be prepared to be told that trading is not for you!
Now on to the semafor's!
Looking at the above chart (in hindsight) it is pretty obvious that the semafors mark swings/pivots. However, as I previously stated, markets are not static, but rather quite dynamic! So how can you use the semafor in "real-time"?
One way is by utilizing Heikin Ashi candles...
more to come (an actual system)....