Simple Method to Scalp & Trade Big

Hi

I am forex trader and use various techniques in determining the price direction .
Here we are going to use the HA indicator which is available in the custom indicator of meta trader, then we use the semafor indicator and the TDI indicator

Scalp Mode

use the 5 min time frame

Big Trade

use the H1 and above

I shall explain the entries in the following posts,

We just open a new chart window and put the semafor indicator and tdi indicator and the HA indicator

Trade Entry Scalp Method:-

Enter long when you see a white sun in semafor with 7 pips Stop Loss below the white sun semafor value, confirm the white sun in other time periods like 1 m and 15 m ( this confimation is useful as this indicator repaints )

This indicator is used to find the top and the bottom . At the top it paints Red Sun and at the bottom it paints white sun

Red Sun on sight >>>> action Sell

White Sun on Sight >>> action Buy

Now we are entering with calculated risk , so we have to manage the trade till we see the TDI giving a buy signal .

For scalp mode use 5 min time frame

Trade Entry Big Entry Method:-

Entry Time Period Selected 1 H

Enter long when you see a white sun in semafor with 7 pips Stop Loss below the white sun semafor value, confirm the white sun in other time periods like 30M and 4H ( this confimation is useful as this indicator repaints )

This indicator is used to find the top and the bottom . At the top it paints Red Sun and at the bottom it paints white sun

Red Sun on sight >>>> action Sell

White Sun on Sight >>> action Buy

Now we are entering with calculated risk , so we have to manage the trade till we see the TDI giving a buy signal .

Adding Template which you can use or create one similar

EUR USD in Scalp Mode

We had a red sun at 1.4458 at 17.30 hrs and we hit 1.4427 at 17.55 hrs so in 25 mins we hit down 58 > 27 == approx 31 pips in this we could have scalped from 10 pips to around 25 pips depending upon trader and their respective broker efficiency .

This trade took place in the last 30 mins

unimak, thank you for sharing!

I do have some questions:

Why do we need Heiken Ashi? You explained how you enter with semafor and TDI, but you never mentioned HA.

When do you exit?

How long have you been trading this system?

Do you trade only EURUSD?

You say that you go from M-5 to M-15, from H-1 to H-4 etc. But when you change your timeframe, TDI repaints itself. How do you deal with this issue?

Thank you!

HA is needed to assure the trader that he is in the right track . Since we are attempting to catch the top and the bottom with semafor there is risk involved which is why the stop loss is kept tight .

Now once the sun candle closes if the next candle is reversal or red or white color candle ( white here is bull candle ) the trader is assured he is in right track , till he get the signal from TDI .

I believe only TDI for signal confirmation and semafor is used to short right at the top or go long right at the bottom.

There is a time lag between semafor sun and the TDI confirmation . It is this small window of 5-10 mins we need to manage our trade.

One can exit at once comfort level , if he is scalper he can exit at 5 -10 pips profit or trail it . if he is into big trade he can exit at 30 pips or more.

Basically there is no pre fixed pips to exit , the moment you see the reversal in HA and the TDI confirming you exit the trade.

This system can be used to trade any pairs . If the market is ranging in H4 mode one can scalp in 5 M mode.

You say that you go from M-5 to M-15, from H-1 to H-4 etc. But when you change your timeframe, TDI repaints itself. How do you deal with this issue?

This is to see the sun burst confirmation only . for scalp I use 5 M and for big trade I use 1 Hr .

unimak, thank you very much!

thanks for system will monitor over next couple of days

I assume the settings for the semafor are 5,12,35,5.3,5.3,5.3,159,159,82,false,false,true,false,true,true

Thank you
Frank

I see there is a yellow sun on the 4hour chart .Can we take the trade straight away or should we wait for a couple of bars.What stop loss should I use

yes , the setting for semafor is default no tampering with the settings.

@raylin

Since you are seeing 4h chart i am assuming you want to trade in big mode , yes u can verifty the sun by dropping to 1 hr chart and check the value of the sun , if the sun is there in 1h and 4 hr just keep 7 pips stop loss above the semafor value and go for the trade, manage your trade till the TDI confirms

Unimak,do you also trade the pullbacks as per the yellow red and green dots with tdi confirmation in the direction of the sun confirmation.
Or do you only trade the sun comfirmed trades only.
Regards
p.s i,m in the 5min eurusd trade right now sell in the pips...

only sun to sun , I ignore the rest, if u see there is a sun ( sell in eusd in 5 m and 15 m mode ) and the price is dipping

Great system unimak made 50 pips on cable last night also shorted euro/usd on 4 hour chart trade took 30 pips profit and sold again at a higher level

Raylin
please tell me how do you exit your trades.
As i have a long trade from yesterday on the eurusd 1 hr 1.4329 and i,m trying to find how best to exit unimaks system
Thx

one can add the 5 ema with shift 3 to the HA with typical (hlc/3) setting , the beauty it tells u the candle which has big price movement.

suppose you are in sell mode and seeing red HA candle but it is abv this 5 ema , the price will dip but it will be a slow dip , when you see that the next candle open just below the 5 ema then that candle has the momentum to strike big . based on whatever time period you are in this candle will have the momentum and move will be big

Try it out

Hi Unimak,

Your system looks good. Please explain with charts.

Repaints like crazy. A great hind sight tool. Not worth a damn for predicting.