Yesterdays yellow semafore hadnt gone through MACD 0 so after price almost broke it down, was confident it would continue through 0 MACD for some pips. Exited a little earlier than would have liked 26 pips.
I'm sharing my experience and not criticising the system,i also made same system something like this depending entries on semafor.it is very unrealiable specially it repaints and since it appears on revesal zone,you can stuck with opposite trade and price may never come back there until n unless u place stop loss.this system needs more confluences like all other system,although the concept is good.
I'm sharing my experience and not criticising the system,i also made same system something like this depending entries on semafor.it is very unrealiable specially it repaints and since it appears on revesal zone,you can stuck with opposite trade and price may never come back there until n unless u place stop loss.this system needs more confluences like all other system,although the concept is good.
Ignored
As discussed the semafor is just a guide, you need a TDI cross or other confirmation to ensure you are the right side of the semafor dot.
It does repaint but so does price I like an indicator that is accurate, rather than one that was accurate at some point in the past.
{quote} No real changes trade it everyday but dont always post. 50 pips today from EUR/USD and EUR/GBP. Trade away from yellow semafor and price often goes through MACD 0 to 3 or more bars.
Ignored
Thanks Drewas, its always good to see you again. I plan to start trading your system beginning next week.
Which pairs would you recommend to follow aside from USDGBP, EURUSD, USDJPY and EURGBP? For a start?
Hi Drewas,
thanks for the system, i came across it yesterday and have read the thread from start to finish and I just wanted to say what a great system it is. I have taken a number of trades and they are all winners so far. It does seem to depend upon getting the macd cross and the TDI cross in place before entering. but its very simple to use. Thanks.
I just found this system while searching thru the Trading Systems tab. I don't know how this system is not more well known at this point. I applied the indicators to a 4 hr chart on GBP/USD and was shocked. The results on GU based on the 4 hr tab were all winners for October as far as I could tell. Most were 100+ pips winners. Some of them were massive winners. There were a few trades that would only go for 30 to 50 pips. That's pretty impressive. I'm talking about if you trade from Sun to Sun.
Now of course it all depends on the pair you are trading. And you could add extra confirmations like support and resistance, MACD, or trendline breaks. And being the 4 hr time frame, you may have to hold on to the trade for days to weeks if you want to trade from Sun to Sun.
Pretty impressive stuff. Thanks for the system, will be trying it out.
RSS (Ridiculously Simple System)
