What is the meaning of WSS, and ADR- the data at top of your chart and THV 3 System -the rectangle at the bottom left of the data? What are their uses?
Question..?? It would appear you are waiting for the 4H to touch upper or lower channel, then bounce..Move to the 1H for th 123 set up.. Then take the trade on the break of the 123..Using the 200 as the filter for long or short trades
What is the meaning of WSS, and ADR- the data at top of your chart and THV 3 System -the rectangle at the bottom left of the data? What are their uses?
Ignored
WSS = World Simpliest System (another system on FF by Teb63) to show 200 EMA on different timeframes --> Green: Price above 200 EMA; Red: Price below 200 EMA.
It is an hour before the Asian open 19 July, on the 4 hour chart it is about to touch or bounce off the upper limit area, However my cycle indicator shows me I'm at the bottom of the cycle on 4 hr, however 1 hour shows cycle high, but not yet at the upper limits...I'll be watching for the Asian open and then give it some time to breath before taking the trade.
We may have some decent movement due to the Japanese Bank Holiday yesterday, open trading today so we may have some bankers with itchy trigger fingers, best to hang tight, watch volume and whatnot for explosive moves then settling.
I realize your method takes into account the 4 hr chart first, but this might be worth a look as the EURUSD has broken through the upper channel on the 1hr chart, during this time period i.e. before and about he first hour or so of the Asian open EUR may rise a bit, might be worth a quick short scalp.
My cycle indicators as well as your indicator shows it to be in an over bought situation, however currently low volume so waiting on the Asian open
Just coming back after a short vacation. Are you all ok? any one trys this system and how does it work? I have an open trade on E/U and it's running with some green pips.
Shi.rar is not a single file, it's an archive, you have to unpack it.
You can do that by right clicking it and choose where you want the unpacked folder with the real files.
The simplest way is to put it on the desktop, choose extract here and you will have the files on your desktop.
Then you put .mq4 files and .ex4 files in the indicator folder inside the expert one and the .tpl file inside the template folder.
Hope this can help you.
Shi.rar is not a single file, it's an archive, you have to unpack it.
You can do that by right clicking it and choose where you want the unpacked folder with the real files.
The simplest way is to put it on the desktop, choose extract here and you will have the files on your desktop.
Then you put .mq4 files and .ex4 files in the indicator folder inside the expert one and the .tpl file inside the template folder.
Hope this can help you.
Ignored
Thank you so much and has this system been profitable and consistent?
I haven't tried it yet, I was just reading it for the first time when I've seen your post.
The problem is that the semafor needs a good trader because it's hard to understand when the top is the real top, but at least you are warned that from "now on " every reversal can be the right one, and it is also filtered by the 200EMA, the channel and the 123 move.
I might be trying this.
Hi
Rule of this sys says=
Suppose we consider the BUY status:
1-Price must be above ema 200------------ this is possible and clear
2-Price must be at lower border of ch SHI--- This is possible and clear
3- etc..
But impossible to hv both items 1 and 2 agree at the same time
----------------
This conflict created some confusion
Pls try to clarify more your idea by placing clear and comprehensive live charts
---------------
thanks
I haven't tried it yet, I was just reading it for the first time when I've seen your post.
The problem is that the semafor needs a good trader because it's hard to understand when the top is the real top, but at least you are warned that from "now on " every reversal can be the right one, and it is also filtered by the 200EMA, the channel and the 123 move.
I might be trying this.
Ignored
You can also use the stochastics indi and/or RSI to confirm os and ob. and thanks for your response. can you help me understabnd this system better? I understand the 200 EMA and how price must hit or bounce off channel but what is a 123 pattern. I am looking at the charts and I do not understand exactly. Appreciate any help.
