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Attachments: My Market Order System
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My Market Order System

  • #61
  • Jan 15, 2014 5:48am Jan 15, 2014 5:48am
Quoting bobhowson
Hi Guys ! Sorry if I have confused everyone, I have a habit of doing that sometimes. This is what I do with this trading system...... But remember I'm only a newbie too and not an expert, so maybe between us all we can improve on this Semafor System. SELL TRADE: this would be the end of an RISING TREND Eg: Candle with RED DOT ( Or Yellow If You Wish ) 1) Place your SELL STOP ORDER at the BOTTOM of the CLOSED CANDLE 10 Pips Below If You Wish. 2) Place your SL ABOVE the RED DOT So in other words the RED DOT is indicating us to SELL ! The RED DOT...
Hey Bob,

Now, no one will get confused. Thank you very much for explanation.

You may find my older posts helpful in this topic, please have a look on back-tests, these are the verified back-tests by me, and if the person didn't have fear, he/she would took these all trades, and the results, you can see.

Best Regards,
PrinceWahaj
  • #62
  • Jan 15, 2014 5:55am Jan 15, 2014 5:55am
Hi Bob

Do you have much of an issue of the dot repainting after the order is triggered?

cheers

Martin
  • #63
  • Jan 15, 2014 6:11am Jan 15, 2014 6:11am
When they say repaints does that mean if in an up trend the DOT declines ?
If so I've never had an issue.
This is my latest trade below only placed it a few minutes ago...
Attached Image (click to enlarge)
Click to Enlarge Name: cadchfdaily.png Size: 33 KB
  • #64
  • Jan 15, 2014 6:21am Jan 15, 2014 6:21am
Yes thats right

Repainting is the dot moving after the candle has closed so on the chart you posted, if the Cad/Chf went lower than the candle with the green dot, it would repaint on to the new low candle.

Martin
  • #65
  • Jan 15, 2014 6:21am Jan 15, 2014 6:21am
Quoting bobhowson
I think the idea of placing your SELL STOP ORDER under the dot may be a better idea. I will try this on the next up and coming trades...

Hi Bob , yes that is how I traded yesterday , I apologise as I caused the confusion , I misunderstood your post s 32 and 33 which to me reffered to the dots rather than candles , sorry for the misunderstanding.
Mind you it worked very well
I managed 680 pips on closing today on the daily that was with a 35 pip trailing stop on two of them

Regards Peter
  • #66
  • Jan 15, 2014 7:21am Jan 15, 2014 7:21am
Quoting bobhowson
When they say repaints does that mean if in an up trend the DOT declines ? If so I've never had an issue. This is my latest trade below only placed it a few minutes ago... {image}
Hello Bob and all user,

I check this indicator and is awesome during daily chart but, if you got a lower time frame can you get a repaint, i mean if you got the yellow dot on top of the candle and market price move up the yellow dot move with it, same stuff if you got a first candle with yellow dot, at price 1,2000 for example, if the second candle got higher price like 1,2200 the yellow dot move on this candle, that's for me wanna mean repaint, or maybe i not understand what wanna mean it. However with lower time frame this indicator have some problem, but on daily chart appear very cool !
Thank's for sharing.
Don't be delicated, be vast and brilliant ! [Brent Smith]
  • #67
  • Jan 15, 2014 8:32am Jan 15, 2014 8:32am
Hello again,

There is an example about USDCAD Daily chart, right now i put this sell stop order, what you think Bob, USD going down and let us to take much profit !? If have any advice for place order let me know! About level of semafor indicator why we have to remove brown signal?


Thank's take and take care always !
Attached Image (click to enlarge)
Click to Enlarge Name: usdcaddaily.png Size: 54 KB
Don't be delicated, be vast and brilliant ! [Brent Smith]
  • #68
  • Jan 15, 2014 8:52am Jan 15, 2014 8:52am
Hi Hyperfire

Looks like a valid set up to me

I think we remove the brown signal as it is the weakest

Martin
  • #69
  • Jan 15, 2014 9:08am Jan 15, 2014 9:08am
Quoting ukmartin
Hi Hyperfire Looks like a valid set up to me I think we remove the brown signal as it is the weakest Martin
Hello Ukmartin,

Thank's hope it going lower and let's have profit , about brown dot i think you are right.
I just check other indicator to use with this, maybe can be help us to know where market going.
Don't be delicated, be vast and brilliant ! [Brent Smith]
  • #70
  • Jan 15, 2014 10:26am Jan 15, 2014 10:26am
Hi

BOB pls tell me the colour code what u use

#0
#1
#2
#3
#4
#5

Thanks
  • #71
  • Jan 15, 2014 10:29am Jan 15, 2014 10:29am
Hi guys, USDCAD is a valid trade and your also on the money about the small brown dots, which are the weakest signal.
It's upto you if you want to trade them.

Just something I've noticed is your pip value is different to mine. Right now my chart is reading 1.09242
Just thought I'de mention it...
Cheers back for some more zzzzzzz now
  • #72
  • Jan 15, 2014 10:38am Jan 15, 2014 10:38am
My Colours............

YELLOW #0
YELLOW #1
RED #2
RED #3
GREEN #4
RED #5

Good Night Everyone
  • #73
  • Jan 15, 2014 10:51am Jan 15, 2014 10:51am
Quoting bobhowson
My Colours............ YELLOW #0 YELLOW #1 RED #2 RED #3 GREEN #4 RED #5 Good Night Everyone
Hey Bob,

Thank's so much, yes i've see the value are not the same, i don't know if i can adjust it same to yours.
Good night and take care, see you tomorrow i let you know if order was close in profit !
Don't be delicated, be vast and brilliant ! [Brent Smith]
  • #74
  • Jan 15, 2014 1:34pm Jan 15, 2014 1:34pm
Hello to all,

Still nothing for the moment, order that i put on USD/CAD is still freezed, market not have any kind of change i follow it untill sleep time, after that i decide to close or let it go.
See you later, always take care !
Don't be delicated, be vast and brilliant ! [Brent Smith]
  • #75
  • Jan 15, 2014 1:58pm Jan 15, 2014 1:58pm
Quoting Hyperfire
Hello to all, Still nothing for the moment, order that i put on USD/CAD is still freezed, market not have any kind of change i follow it untill sleep time, after that i decide to close or let it go. See you later, always take care !
Another lovely morning here in Oz, this candle is due to close in 2 hours or so.
I have a pending SELL STOP ORDER in place below the current candle. I feel there will be some profit before week is out.
  • #76
  • Jan 15, 2014 2:07pm Jan 15, 2014 2:07pm
Hi bobhowson,
I saw in H1 for NZUSD. Right now here is an Head and Shoulder Pattern. So, as per you assumption market go SELL. Can I send you that image?

Best
Fuad
  • #77
  • Jan 15, 2014 2:15pm Jan 15, 2014 2:15pm
Quoting fh_emon
Hi bobhowson, I saw in H1 for NZUSD. Right now here is an Head and Shoulder Pattern. So, as per you assumption market go SELL. Can I send you that image? Best Fuad
Hi, yes I already have a SELL trade in this pair and in profit 20+ pips at this stage.
Thanks for the heads up though.
  • #78
  • Jan 16, 2014 3:52am Jan 16, 2014 3:52am
I closed my Cad/Chf at break even, not sure if this was a good move or not, what did you do with it Bob?

Martin
  • #79
  • Jan 16, 2014 3:56am Jan 16, 2014 3:56am
Goodmorning to all !

I've got a bad result yesterday night, let's see what happend during morning session.
Always take care !
Don't be delicated, be vast and brilliant ! [Brent Smith]
  • #80
  • Jan 16, 2014 4:08am Jan 16, 2014 4:08am
Guy's what do you think about Trailing stop ? Is good idea put that option, or you prefer move stop loss manually ?
Don't be delicated, be vast and brilliant ! [Brent Smith]
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