Same goes for fractals -- sort of. They don't repaint, but they require 3-5 bars for computing. So, I don't think they can be used for a reversal trading strategy where the window for opening a reversal trade is rather narrow.
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Money management: Capital needed per 0.07 USD per microlot 0 replies
The Volume Detective 411 replies
DislikedFollow this trade till completion. Use a logical unbiased mind as the market unfolds before you. There's much to learn from this. https://www.forexfactory.com/showthread.php?p=12334178#post12334178 Thanks moodybot for the trade call, appreciate it.Ignored
Disliked{quote} @mixedbags -- I believe that screen shot uses the ZigZag Semafor indicator -- which repaints. An indicator that repaints can be used for confirming a strategy, but can't be used in real-time for detecting candidate signals. Same goes for fractals -- sort of. They don't repaint, but they require 3-5 bars for computing. So, I don't think they can be used for a reversal trading strategy where the window for opening a reversal trade is rather narrow.Ignored
DislikedFollow this trade till completion. Use a logical unbiased mind as the market unfolds before you. There's much to learn from this. https://www.forexfactory.com/showthread.php?p=12334178#post12334178 Thanks moodybot for the trade call, appreciate it.Ignored
Disliked{quote} Yes, I'm aware of this. I rather follow the obvious and sell from any Top of Semafor when they appeared then buying from this Low Semafor.Ignored
Disliked{quote} @mixedbags -- so, you know the Semafor marker continuously appears / disappears for 10 - 20 bars? One moment it is there, then it disappears, and then a different semafor appears later down the line. Are you saying you suggesting one can use ZigZag for trading?Ignored
Disliked{quote} RT, I am a Lazy Trader then according to your chart a) I open a short position (because Price Action is UNDER your MA's) b) I stay short sipping my preferred cocktails c) I do not trade counter-trends moves, because most of the time I am too lazy to move my ass when Price Action is counter-trending more precisely it depends of : - the Amplitude of the Envelope I trade - the strength (slope) of the Underlying Trend your strategy is one of the oldest used existing already when (because) handcharting was common As I saw your Chart, it immediately...Ignored
Disliked{quote} Yes, that's why I also use your tools. I won't put my money when the star appeared. btw when I first found Semafor and Quantum 7 years ago I thought I had the holy grail.Ignored
QuoteDislikedbtw when I first found Semafor and Quantum 7 years ago I thought I had the holy grail.
Disliked{quote} Hi PB, Thank you for the PDF, I will have a read Firstly when following the Money, I do not open a trade and then wait for the MA's to cross back or anything like that, I tried it and it does not work for me. I open and close trades on the open and close (or nearly the close) of every single Candle, BUT there are filters to stop trades from opening depending on where PA is in relation to the MA's The Chart you posted is exactly how I look to trade reversals using MA's, my EA can do the following. 1) Use the MA's crossing as a reference...Ignored
QuoteDislikedR4M, Just to say I am on this thread because I fail to make reversals profitable over a long period of time, or my setting will work on one pair and not another, so I will not go live with this type of Strategy.
Disliked{quote} {quote} @Robot Trader -- fair enough. And you shouldn't go live. I can't guarantee this will all work-out in the end. It was only through @George that I initially became intrigued and convinced reversals could be traded. I have no doubt as a discretionary trader he and others can do it. But when I started down the path of automating the methodology and pushing for the necessary details well, then, that didn't go over so well -- even though @George et al would be the first to boast about their "amazing EA". Too many contradictions from the...Ignored
Disliked{quote} @mixedbags -- I believe that screen shot uses the ZigZag Semafor indicator -- which repaints. An indicator that repaints can be used for confirming a strategy, but can't be used in real-time for detecting candidate signals. Same goes for fractals -- sort of. They don't repaint, but they require 3-5 bars for computing. So, I don't think they can be used for a reversal trading strategy where the window for opening a reversal trade is rather narrow.Ignored
Disliked{quote} Hi Bro R4M, at early of this thread, I mention about single bar Fractal, and also how to look at Zig-Zag (Semaphore/fractal ZZ). simply 1 M5 candle, consist of 5 one minute candles that could create 3 or 5 bars fractal configuration inside the M5 candle. and this 3 M5 candles could create 3 bars configuration inside 1 M15 candle. So, at the tip of top wick from single Daily candle in daily chart we could create down signal by look up to 3 candles of 1 minute high values. Next, compare 3 set of 3 M1 from the left and right, so with total...Ignored
Disliked{quote} IT CAN'T BE DONE. YOU BETTER QUIT. i hope this will work.Ignored
Disliked{quote} Hi PB, Thank you for the PDF, I will have a read Firstly when following the Money, I do not open a trade and then wait for the MA's to cross back or anything like that, I tried it and it does not work for me. I open and close trades on the open and close (or nearly the close) of every single Candle, BUT there are filters to stop trades from opening depending on where PA is in relation to the MA's The Chart you posted is exactly how I look to trade reversals using MA's, my EA can do the following. 1) Use the MA's crossing as a reference...Ignored
Disliked{quote} {quote} @Robot Trader -- fair enough. And you shouldn't go live. I can't guarantee this will all work-out in the end. It was only through @George that I initially became intrigued and convinced reversals could be traded. I have no doubt as a discretionary trader he and others can do it. But when I started down the path of automating the methodology and pushing for the necessary details well, then, that didn't go over so well -- even though @George et al would be the first to boast about their "amazing EA". Too many contradictions from the...Ignored
Disliked{quote} {quote} @Robot Trader -- fair enough. And you shouldn't go live. I can't guarantee this will all work-out in the end. It was only through @George that I initially became intrigued and convinced reversals could be traded. I have no doubt as a discretionary trader he and others can do it. But when I started down the path of automating the methodology and pushing for the necessary details well, then, that didn't go over so well -- even though @George et al would be the first to boast about their "amazing EA". Too many contradictions from the...Ignored