knock knock
Indicators development for T101's not very simple method
- #4,082
- Jul 27, 2011 2:18pm Jul 27, 2011 2:18pm
- Joined Oct 2008 | Status: Sailing for pips | 2,099 Posts
- #4,084
- Jul 28, 2011 3:31am Jul 28, 2011 3:31am
- Joined Oct 2008 | Status: Sailing for pips | 2,099 Posts
- #4,085
- Jul 28, 2011 4:00am Jul 28, 2011 4:00am
- Joined Oct 2008 | Status: Sailing for pips | 2,099 Posts
- #4,088
- Jul 28, 2011 10:17am Jul 28, 2011 10:17am
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- #4,091
- Jul 28, 2011 2:46pm Jul 28, 2011 2:46pm
- Joined Oct 2008 | Status: Sailing for pips | 2,099 Posts
- #4,093
- Jul 28, 2011 5:46pm Jul 28, 2011 5:46pm
- Joined Oct 2008 | Status: Sailing for pips | 2,099 Posts
- #4,094
- Edited 9:26pm Jul 28, 2011 8:18pm | Edited 9:26pm
dryclean,
Excellent input. Thank you for sharing
I have been through "boot camp" this week doing everything wrong LOL, but am blessed to be the Happiest tool in the Lord's Hands!
I am working on 3 projects that all give about the same signals. I may use all 3 in an EA eventually.
Very interesting you mentioned 50 Fib. I just purchased a course for $27 that uses it as part of the setup. Well worth every cent! Hey, if I don't like it, I can always get my money back. I will give anyone's money back if they ever donated to me and feel like they didn't get anything out of it or they feel ripped off. Anyways, I was looking at 50 very recently, but am also eyeing retrace on EURUSD at 0.618, and of course the "Golden Ratio" 1.618 extension for take profit, but working on 3 systems, I have really struggled with using excellent money management with no stoploss and micro lots, but held losing buys I bought at the top and had the 95%er thought of "It's got to go back up!" If anyone is reading this and EVER thinks that, STOP NOW! You can NEVER be a successful trader doing this! The ONLY reason my account is not gone RIGHT NOW is because the Lord. Another messup was I used just HASmtf without another tool (there in my MT4, but not showing in picture) and after holding Sells on the way up and losing a lot, holding Buys on the way down and losing almost all of what was left, I closed those long-held buys for loss even though I could have actually profited with Fibo knowledge added in maybe added in? I think I wouldn't have closed those trades and could have withstood even today's big move and profited if buying at top, closing some for losses on way down, then more at bottom. Could have done the same with AAPL but I got out of that one with almost no profit the DAY it went into profit. Oh well, all in the Lord's time.
BTW excellent pullback on EURUSD although no Semafor. This is downside to Semforss, which I now only use only 3s for SL.
Edit: I have Semafor 1s and 2s in the picture set to 0, so not showing, but they were there this time, so I was wrong. BUT they are not always there, so I have a tool I made that gets me in without Semafors helping entry.
Kind regards,
Don
Excellent input. Thank you for sharing
I have been through "boot camp" this week doing everything wrong LOL, but am blessed to be the Happiest tool in the Lord's Hands!
I am working on 3 projects that all give about the same signals. I may use all 3 in an EA eventually.
Very interesting you mentioned 50 Fib. I just purchased a course for $27 that uses it as part of the setup. Well worth every cent! Hey, if I don't like it, I can always get my money back. I will give anyone's money back if they ever donated to me and feel like they didn't get anything out of it or they feel ripped off. Anyways, I was looking at 50 very recently, but am also eyeing retrace on EURUSD at 0.618, and of course the "Golden Ratio" 1.618 extension for take profit, but working on 3 systems, I have really struggled with using excellent money management with no stoploss and micro lots, but held losing buys I bought at the top and had the 95%er thought of "It's got to go back up!" If anyone is reading this and EVER thinks that, STOP NOW! You can NEVER be a successful trader doing this! The ONLY reason my account is not gone RIGHT NOW is because the Lord. Another messup was I used just HASmtf without another tool (there in my MT4, but not showing in picture) and after holding Sells on the way up and losing a lot, holding Buys on the way down and losing almost all of what was left, I closed those long-held buys for loss even though I could have actually profited with Fibo knowledge added in maybe added in? I think I wouldn't have closed those trades and could have withstood even today's big move and profited if buying at top, closing some for losses on way down, then more at bottom. Could have done the same with AAPL but I got out of that one with almost no profit the DAY it went into profit. Oh well, all in the Lord's time.
BTW excellent pullback on EURUSD although no Semafor. This is downside to Semforss, which I now only use only 3s for SL.
Edit: I have Semafor 1s and 2s in the picture set to 0, so not showing, but they were there this time, so I was wrong. BUT they are not always there, so I have a tool I made that gets me in without Semafors helping entry.
Kind regards,
Don
- #4,097
- Jul 28, 2011 11:47pm Jul 28, 2011 11:47pm
- Joined Oct 2008 | Status: patiently growing wealth... | 2,655 Posts
John 3:16 - From THIS love no power on earth can me sever.
- #4,098
- Edited 12:37am Jul 29, 2011 12:23am | Edited 12:37am
I also use Semafor to make it easy for me to spot 1-2-3 setups
EXACTLY what I've been referring to when talking about using Semafors the correct way. Thanks for just saying it.
To everyone else:
The Semafor 3 repaints... until it doesn't.
And if it does after you enter on 1-2-3, you got a small SL, so stop and reverse.
With HASmtf showing trend (or one or more MAs) IN CONJUNCTION WITH Semafors, THEN you have powerful tools working together to make a system. All that's needed after that is MM.
On a personal note, I now use neither of the above mentioned indicators, although I might in the future, since they are good together. Also, got an EA together according to the rules the Lord gave me (1 of 3 or 4 systems that I am working on/have, that all try to do the same thing - get in with trend on retracements). The EA is opening and shutting trades quickly when signal comes, so I can type here, code, or rest, watch a movie, sleep, etc., and I won't have to spent another week with little or no sleep, will profit, because the robot has no emotions, can work 24/5, and I can replicate this "employee" to as many brokers and accounts as I want to. With good MM, can we say "compounding"?
BTW, just because I have mental or emotional problems, does not mean I do not have intrinsic value. Einstein, who said that compounding was the 8th great wonder of the world, was a genius, but couldn't tie his shoes, and obviously never brushed his hair LOL.
But you know what? Einstein just wouldn't be the same if he did brush his hair, so I'm glad he didn't
Kind regards all,
Don
- #4,100
- Edited 3:29am Jul 29, 2011 3:17am | Edited 3:29am
the-game,
I understand, and concur.
BUT, programming-wise, or if I manually trade Semafors, every trend begins with a Semafor 3.
This is why you hide 1 and 2 as well as I do, so we can SEE price move instead of the Semafors. So we have been able to "turn off the training wheels" so to speak.
YET, these same 3 points of the 1-2-3 pattern (where Semafor 3 is ALWAYS number 1 in 1-2-3 pattern) are also used to make Fibs and one type of trendines. All and more - from 3 points that agree. Sounds like the Trinity built into creation to me. Father (soul), Spirit (spirit) and body (the Word of God, the Son of God, the flesh (body) of God. He made us all like Himself. Soul (who we are and what we think), spirit (conscience if not marred too much), and body (you all of you see, since it's just a garment of dirt to me. Look it up, chemmically we are as God says, dust. And He is aware of our frame and that our life here is like the blooming and dying of a flower).
I have been working on other types of trendlines as well, and although they are for different purposes, trendlines are awesome and true they are not perfect, just like nothing else here on earth, but if anyone has used the "semafor helper" indicator I uploaded here, then they should see what a free gift that was given. Not bad at all. Thank you Lord Jesus
I am no longer using M5, because I put it on lower leverage after using too much (for M1 TF), and realized this morning I would just have better trades all around by moving up to M5, so I moved on up LOL
Kind regards,
Don
I understand, and concur.
BUT, programming-wise, or if I manually trade Semafors, every trend begins with a Semafor 3.
This is why you hide 1 and 2 as well as I do, so we can SEE price move instead of the Semafors. So we have been able to "turn off the training wheels" so to speak.
YET, these same 3 points of the 1-2-3 pattern (where Semafor 3 is ALWAYS number 1 in 1-2-3 pattern) are also used to make Fibs and one type of trendines. All and more - from 3 points that agree. Sounds like the Trinity built into creation to me. Father (soul), Spirit (spirit) and body (the Word of God, the Son of God, the flesh (body) of God. He made us all like Himself. Soul (who we are and what we think), spirit (conscience if not marred too much), and body (you all of you see, since it's just a garment of dirt to me. Look it up, chemmically we are as God says, dust. And He is aware of our frame and that our life here is like the blooming and dying of a flower).
I have been working on other types of trendlines as well, and although they are for different purposes, trendlines are awesome and true they are not perfect, just like nothing else here on earth, but if anyone has used the "semafor helper" indicator I uploaded here, then they should see what a free gift that was given. Not bad at all. Thank you Lord Jesus
I am no longer using M5, because I put it on lower leverage after using too much (for M1 TF), and realized this morning I would just have better trades all around by moving up to M5, so I moved on up LOL
Kind regards,
Don
Just to clear things up and to avoid confusing everyone, when I say 1-2-3 setups... I mean the classic 1-2-3 setups... I'm not referring to the Semafor 1, 2, 3 numbers at all.
I also hide the 1 & 2 Semafors so I can just see the 3 Semafor to see the classical 1-2-3 setup forming.