Idyllic Trading

not a lot of movement this morning - so if you did jump in I would go flat until something moves prices....

Well, there was plenty of action in the GBP/JPY today and I missed most of it, but mangaged to make 10% anyway, the best in 19 days of demo trading. Not to say anyone in their right mind would want to trade this irresponsible, careless way, for instance, there's a nine-day head-and-shoulders on the GBP/JPY and naturally I've had a trade right at the neckline for about 9 hours that will probably have to be left on for the weekend. This is not my intended system of trading. Nontheless havn't had a losing day and think may go live next week. This will be the first time since 2007. Practiced a lot - three years - through Sept. 2008 - then with no time/internet, stopped till two months ago. Am chastened and a lot more careful and knowledgable about price movement... and the kind of success experienced in the past four weeks is completely unprecedented, like i mean I ALWAYS lost back in '07, sometimes live.

Heard somewhere here your musings about value of indicators, and sometimes wonder whether they are just a psychological dependence, yet they improve my trading so there's no point in questioning it. When i first saw the Semafor it reminded me of Fractals (I think) and remembered how they repainted, and said, I'm not using this. The difference here is that Semafor signals a lot of times when it "repaints" - and really wonder if this is not intended as a signal for possible entry. As for always jumping the gun: I was not able to wait for the red dot like enochben said, and when I saw a good setup after the repeated error sound & repainting, jumped in. And it worked. it definitely contributed to my victorious 10% day.

Am still trying to figure out how the thing works though. Can't seem to say exactly what it does, though tried ZigZag. What's the difference between a yellow dot and a red or green one? And do you think they really intended to have entrance at the dot with the corona? 'cause that's where the auditory signal is a lot of the time. Would a red or green dot with a corona be better than a yellow one? It has a lot of variables. Wil probably have to experiment live. Heh, Heh... Ohh no.

Well, the price finally snuk below the neckline and I got out. And all the time thinking: Let this be a warning, because it won't be that way next week when you go live. Fully expected is: "I don't wanna trade 'cause I don't know what the price is gonna do." (esp. on Mondays as enochben says.) "Well just trust your indicators, Right?" A recipe for disaster. Especially if your instincts are telling you it's gonna go the other way. Of course then there's the times when your instinct keeps telling you it's going up while both indicators and price have been indicating the opposite for the past several hours, a wholly different type of disaster. Think the idea, and the whole big problem, is to learn to use your mind as an indicator and only enter when there are three positive signs: When instinct, indicators, and your knowledge of price movement all indicate a profitable entry. Naturally this is impossible. Though you wouldn't think so.

At one point I did have three trades fully hedged (six trades) around the neckline - a great forex ploy which usually works based on the oft stated "fact" that hedging reduces your risk - which brought my available margin down to about 230% of the whole account, though the neckline is definitely NOT the place to do this. Actually the way this works is based on the (real) fact the the price is very likely to return or pass the place where you entered given that it's close enough to the other two fully hedged trades. Got out with one negligible bad trade - 49-cents - and one that I knew would close in the money but wanted to go to bed: $2. -something.)

(My thing about the semafor indicator was deleted a couple of hours ago, after I pushed some series of buttons and it disappeared - which happens quite often with my comments in various forums and pisses me off beyond belief. Now it is necessary to try and reconstruct or rewrite it, which takes forever. ((Why can't they put the touchpad at the top, I wonder?))

As for the Semafor indicator: Have gone back in the 5-min. GBP/JPY chart as far as the indicator will display - Nov. 18 in my account - and find that there is not a single top or bottom signal (where the dot with corona occurs) that wouldn't result in a profitable or at least break-even trade - given a maximum spread of 5-pips - if entered shortly after the top or bottom signal establishes itself and continued to a reasonable interim extreme (dot) or the next reversal. This using the configuration found in enochben's template, which is the same as the defaults.

Semafor (though I wish they'd spell it right - this apparently a European spelling but I prefer American as I am an American rail buff, though the semaphore was invented in England.) provides everything essential about localized price movement that we're all supposed to know before ever making a trade but - in my case - have forgotten or don't pay any attention to. The stuff that's shown here is the stuff you're supposed to learn first, including the 1,2,3, thing, which semafor highlights nicely.

Not wanting to play devil's advocate - since I'm suggesting using this indicator in such a way as defeats the very purpose enochben had in mind when he devised his system - but what's to stop one from just entering opposite the established reversal signal of Semafor and repeating it every time the price reverses? I mean this is what everyone thinks when he gets a new indicator and looks back through different timeframes to see if he can get away with doing just that. And heretofore in my experience this has always failed because the indicator is too slow - or if adjusted to be faster not smooth enough to be used at every indicated reversal. This is true even with NonLagMA, the fastest I'd known up to this point. The difference with Semafor is it establishes the reversal point almost the instant it occurs.

I will probably be using VHandsTrade in Strategy Tester this weekend to see if I can get away with trading this way. Would be interested to hear about results re. other timeframes, currencies.

(This isn't quite what I said the first time around but more or less it about Semafor.)

To get the Semafor to sound the auditory alert only on reversals change setting so Alert Lv.3 is "True", others "False". This the one alteration I have made since can't figure out what the other settings mean and it seems to work pretty well the way it is.

Hi , i have use your system 3 days , i set 2 type broker paltform FXCBS and Go Market... can you check on this chart why they are so different signal...

please i need to know this thank you.

sorry, but that looks like an issue your going to have to resolve with your data providers. quickly eyeballing the two charts you provided shows one trading at an extreme the other didn't reach....

that my friend has more to do with your data feeds than with the system

Hi, eno

i have used your system and it was very good i d ever use Can you explain to me, what if there a chart has different signal as shown my attach chart between FXCBS and GO market chart:

i tried your system and it works very well, only i have one question , how can i use your pivots with sun...?

sorry - not sure if I am understanding your question? Do you mean using pivots on Sunday? If so, DON'T - they are useless - especially when there are gap openings. I use pivots as guides and on Sunday there is not yet enough information to provide much guidance.

I ,m really confidence your idyllictrading system, as i tryout on my demo account got wining every week, and i ,m intrested to practice more this system using my forex tester to expertise the system well, could you please sent me this file convert into dpr dll. for my input in my forex tester platform..

Thank you

http://www.forexfactory.com/images/m...ading_dark.gif

Could you convert it into dpr dll for this indicator, i would like to do practice for this system, i see it was awsome trade..

this indicator repaint..hope trader be carefull

Hi Everybody,

Is any one using this system still?

If yes, then how is it performing? have you added or changed the indicators? what is the current set up?

As a new bee I look forward to some expert advise.

Cheers,

Sachu

Well I'm not going to answer every question you've asked Sachu because it took me a long time and a lot of experimentation to get to where I could trade reliably, but if you're experimenting with Semafor on a short timeframe and feel you've made or will make some progress toward reliability, then you could do a lot worse as far as wasting time. This is an avenue that is worth exploring.