DislikedHi 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...Ignored
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