Hit and Run, Semafor Combo system

HI,

I just wanted to share a combo of different system recently introduced here on ff.

Namely Hit and Run and semafor trend trading.

I added the harmonic ABCD indicator.

So I will not follow the exact rules of the above mentioned systems but I will use their indicators.

I took off the sonic control panel indi from semafor system and added the nonlag dot indi from hit and run and I also added the harmonic ABCD indi.

So we only trade the completed harmonic ABCD pattern, but we wait for confirmation as presented in the semafor trend system.

note: the green line is our entry, red line is our sl and the purple is our tp.

tp is baded on 50% retracement of CD points but you can aim for length of BC or shoot all the way to A. Its up to you to manage the Tp. you can trail it etc.



I have an example from AudUsd , I have a pending order to go short.
The nonlag indi optional if you want more confirmation.

Here is another setup waiting to happen on the 4hr UsChf.
We will wait for price action to form

The new low is established now we wait for a high and than a higher low, and we will place our entry at the top of the bar that forms the higher low(this is described at the semafor trend trading)

Here is an abcd pattern from the recent past,

this one never established a price action structure but it turned out great.

So if you want to just take the abcd pattern completion than that has great odds as well and you will get more pips as you will enter early.

You might ask why only ABCD and not the other harmonics?
well ABCD to me is more accurate and the strongest and the easiest to trade.

If anyone is interested in the template,

Let me know and I will post it here.

But I have to thank both mksmith31(semafortrendtrading) and Fiddy(HitandRun) for their templates.

Another beautiful ABCD

This one also had no price structure according the semafor indi

You could have been aggressive and took this

Here is one that didnt work out so well, unless you werent greddy and just aimed for 50 percent retracement of CD length.

No comment!

Daily

If you want to get more aggressive(greedy)

You can take developing patterns,

This one has the potential of going about 400 pips to completion of the pattern(purple line)

I just posted this because of its similarity to GbpCad so its a double confirmation.

Another pound setup similar to other ones, this one is on the weekly, but the setup shows that there is 800 pips to completion exactly the same as Gbpcad(coincidence?)

I forgot to mention this only for demo trading, do not try any of the setups on your real account.

I would get confident at trading any of these setups before I go live.

One good way of trading these in my opinion is to use what i call "umbrealla trading"

What I mean by umbrella is basically top down analysis.

So find a pattern on the weekly and ride that pattern on the daily using the same system and so on.

So lets say there is a completed bearish ABCD pattern for EurUsd on the weekly time frame , now you wait for a completed ABCD bearish pattern on the daily to take a trade etc.

This is just extra confirmation.
You can also use positively correlated pairs to line up with the same pattern for more confirmation as I showed in the above example with the Gbp pairs.


Here is my template along with the indicators(that i got from the other systems I mentioned in the 4th post) thnx again to them.

I am hoping people will use the template to post setups for everyone.


very important note:

after u install the template check the harmonic abcd indicators values and make sure that Bc_max' value is 0.786 and not 0.768 if its not 0.786 than just change it to 0.786

harmonic abcd indicator not work

What u mean not work?

It works for me.

Ok, try this,

I got the harmonic indicator from the "market" it is at your mt4 terminal.

In your mt4 press the terminal button on top and than the market button at bottom.

than type harmonic abcd in the search area

select free from options and u will get the free one.

it could also a problem with your mt4 so I dunno.

it will say download free. If the download button doesnt show up than you probably downloaded it before.

Im not sure but I think it has a expiration although it is free. So one other way to solve the problem is to open another free mt4 account and downloaded onto that and transfer it to your mt4.

Here is a trade I just took cadchf 5 min at the purple ine

sl 6 pips tp 15

see how it works out.

reminder: this is a developing pattern not a completed so it is risky.

Ashwani which version of mt4 do you have?

I have
version 4.0
build 1090

I AGAIN DOWNLOAD FROM HERE THEN WORK

https://www.mql5.com/en/market/product/15653

THANKS

ok, no problem

just dont forget to change the value of bc_max from 0.768 to 0.786

OK