Price Action Trading with Indicators! The Freebie System

Deddings82 - thank you for your reply. If anyone has a code for the 3 level semafor for ProRealTime charts, I would really love to try it.

Can I just offer one thought about entries, for those using HA candles, rather than the bars. If you enter on the close of a HA candle which has no upper (for a sell) or lower (for a buy) wick, then it may filter some bad entries.

Other than that, Deddings has brought a really simple and effective system to FF! Thanks!

Sometimes I get my counts wrong and/or where the new trend starts but this one is right

hi there all

can someone please tell this newbie how to read the semafor indicator, especially the meaning of 1, 2 and 3 numbers?

any help will be appreciated.



thanks

In practice but probably not from a coders perspective--------------
A dot on a high will form when a candles high is higher than the candles on the left and a certain number of pips from the previous dot of the same colour (the same idea on the lows). If the dot forms but the next candle prints higher it will repaint to that candle and keep repainting until it has a lower candle on both sides---then it will stay there. The No.1 dot forms on less pip separation than the No.2 and the No.2 on less than the No3.
As far as I know Paulus makes no distinction between the dot numbers but treats them as pure markers for the highs and lows and will begin counting a new trend exactly as I have shown in my previous post.

That UC trade came within a couple of my 29 pip tp and reversed to kiss my 8 pip sl---

thanks iamfx

before and after take profit

aud cad short entry...from earlier this morning...forgot to take the snap shot before so i just have this with the entry marked off with blue line...target fib s1 level below...

eur jpy sell before and after

AUD 5M chart. We have several rejections of the DPV (aqua arrows). I wasn't at my charts so didn't get to take any of these trades.

Noticed we had a second 3 form at the DPV and a strong rejection. Waited for a small pullback and a strong red candle to the down side to enter. Entered at green arrow/red vertical line. Looking to exit at S1 and did with 42 pips.

GBP USD SHORT entry is where blue vertical line and white horizontal line intersect take profit at next fib pivot level below....fib s1 level

entries:

*edit heh we're in similar trade for GBP, lookin at Fib S1 too

Like your work

Thanks, I will continue to post. I really like the methodology and I hope my post help people to see the simplicity that Dredding has presented to us.

eur usd higher time frame trade...target was first up coming prz zone....

usd chf sell on higher time frame....

gj 4 hour trade...target next midpoint...of course with proper trade management...

Paul

still in this...take profit level is the next fib level...im off to bed for a nap before work

gbp jpy sell after take profit

gu short i closed half earlier for 35 pips before going to bed and just closed other half for plus 2....(trade management) long because of double test and fail on of support hourly chart...taken on five minute chart

Paul