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My Market Order System

  • #841
  • May 9, 2014 1:30am May 9, 2014 1:30am
Quoting eaglefaith7
What system is this tai9127 and where did you find it?
I use the system that you're watching~semafor

160% get.
Attached Image (click to enlarge)
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Everyone can find their HolyGrail
  • #842
  • Edited 2:52am May 9, 2014 2:36am | Edited 2:52am
Many people have been asking me if I'm still using the original system.
I must say I have opted to buy Cythis's Colour Ribbon System this week and combined it with the Semafor indicator
For eg:
1) In and uptrend trade from the BOTTOM of the Trend Channel
2) If there is a LARGE DOT at the bottom which means a BUY Trade is about to happen WAIT for Cythis's System to give the BUY ALERT
3) Then Enter into the trade.
4) DO NOT TRADE if there is a WHITE CROSS wait for this to disappear.

Inserted Video


This combined system has been giving great results so far....
Attached Image (click to enlarge)
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  • #843
  • May 9, 2014 3:04am May 9, 2014 3:04am
Quoting bobhowson
many people have been asking me if i'm still using the original system. I must say i have opted to buy cythis's colour ribbon system this week and combined it with the semafor indicator for eg: 1) in and uptrend trade from the bottom of the trend channel 2) if there is a large dot at the bottom which means a buy trade is about to happen wait for cythis's system to give the buy alert 3) then enter into the trade. 4) do not trade if there is a white cross wait for this to disappear. https://www.youtube.com/watch?v=rgnnrsilrl4#t=194...
wait for your update~
Everyone can find their HolyGrail
  • #844
  • May 9, 2014 8:38am May 9, 2014 8:38am
Hi Bob

I hope you don't mind me posting trades from your original rules. I think the original system has a lot of merit.

GBP/JPY update - crossroads time, trend line now could be rejecting price. I will stick to my guns due to the resistance level at the 173.55 level, and play it out.
Attached Image (click to enlarge)
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What you do is a reflection of you....what I do is a reflection of me.
  • #845
  • May 9, 2014 9:59am May 9, 2014 9:59am
Hi Bob

Good to see you back here, I haven't seen Cythis's Colour Ribbon System before, but I'd would be very interested to see how things work out with it.

I liked the original system very much but have been looking for something to use as confirmation for the trades, maybe you have the answer

Martin
  • #846
  • May 9, 2014 5:52pm May 9, 2014 5:52pm
Quoting Ezzy
Hi Bob I hope you don't mind me posting trades from your original rules. I think the original system has a lot of merit. GBP/JPY update - crossroads time, trend line now could be rejecting price. I will stick to my guns due to the resistance level at the 173.55 level, and play it out. {image}
Hi Ezzy,
I must quote the ole saying... "When your on a good thing stick with it".....lol !
I'm glad the system is doing it's job for yourself and all our friends and feel free to post anything you like that cool with me.
Anyway must start my Saturday job some painting to do on my caravan.
Catch ya soon,
Cheers !
  • #847
  • May 9, 2014 5:55pm May 9, 2014 5:55pm
Quoting ukmartin
Hi Bob Good to see you back here, I haven't seen Cythis's Colour Ribbon System before, but I'd would be very interested to see how things work out with it. I liked the original system very much but have been looking for something to use as confirmation for the trades, maybe you have the answer Martin
Hi Martin,
Yeah it's great to be back I lost my mum a month ago and that slowed everything down along with the moving house and stuff.
I have used the Stochastic indicator for confirmation in the past....
Anyway have a great weekend...
Cheers !
  • #848
  • May 9, 2014 7:29pm May 9, 2014 7:29pm
Quoting bobhowson
Many people have been asking me if I'm still using the original system. I must say I have opted to buy Cythis's Colour Ribbon System this week and combined it with the Semafor indicator For eg: 1) In and uptrend trade from the BOTTOM of the Trend Channel 2) If there is a LARGE DOT at the bottom which means a BUY Trade is about to happen WAIT for Cythis's System to give the BUY ALERT 3) Then Enter into the trade. 4) DO NOT TRADE if there is a WHITE CROSS wait for this to disappear. https://www.youtube.com/watch?v=rGNnrSILRL4#t=194 This...

Hey bobhowoson sorry to hear about your mom.... I was wondering how does cythis system work against range bound market in 15M time frame?
Creditors have better memories than debtors.
  • #849
  • May 10, 2014 1:00am May 10, 2014 1:00am
Quoting bobhowson
Many people have been asking me if I'm still using the original system. I must say I have opted to buy Cythis's Colour Ribbon System this week and combined it with the Semafor indicator For eg: 1) In and uptrend trade from the BOTTOM of the Trend Channel 2) If there is a LARGE DOT at the bottom which means a BUY Trade is about to happen WAIT for Cythis's System to give the BUY ALERT 3) Then Enter into the trade. 4) DO NOT TRADE if there is a WHITE CROSS wait for this to disappear. https://www.youtube.com/watch?v=rGNnrSILRL4#t=194...
GL buddy with your new SYS look nice,bring your feedback on it after you will test it for 3 month,sorry about your mum ,be strong.best Regards,Eitan.
when GOD brings you a challenge he also gives you the power to deal with it
  • #850
  • May 10, 2014 1:25am May 10, 2014 1:25am
Quoting bobhowson
{quote} Hi Martin, Yeah it's great to be back I lost my mum a month ago and that slowed everything down along with the moving house and stuff. I have used the Stochastic indicator for confirmation in the past.... Anyway have a great weekend... Cheers !
Dear bobhowson,

Please accept my condolences on the loss of your mother. May she rest in peace.

Coming to the original system as posted by you, I found the zz semafor indicator very useful to pick reversals on the 4 hourly charts. During the first full week of trading with it (27 April - 3 May), I netted 392 pips risking 1% per trade and a 60 pips fixed stop loss.

However, I was plagued by the repainting issue with many trades hitting S/L. I therefore decided to experiment with a few "filters". The first was to consider only a level 3 signal. Next was to validate it by looking for a minimum level 2 signal forming simultaneously on the next higher time frame (the daily in my case). Finally, I decided to place pending orders in the expected direction of the price action, in other words, STOP orders.

With the above adjustments in place, my second week with the system (that just concluded last night) produced 1,134 pips with +1,747 pips of floating or unrealized P/L. Of course it is too soon to know if this ain't a fluke but I must say I just love the way this indicator works. As a matter of fact, the repaints have actually saved me from entering into bad trades or prematurely pulling the plug on profitable ones.

Thanks again.

Tariq
The trader IS the holy grail.
  • #851
  • May 10, 2014 1:54am May 10, 2014 1:54am
Hi Bob

I'm sorry to hear about your Mother

best wishes

Martin
  • #852
  • May 10, 2014 2:16am May 10, 2014 2:16am
Quoting ForexSwag
{quote} Hey bobhowoson sorry to hear about your mom.... I was wondering how does cythis system work against range bound market in 15M time frame?
Hi I only bought the system last Thursday and still getting used to it. I only trade in the 4H & Daily time frames so I'm not sure how it would go. There are heaps of video's on Youtube explaining the system though... Cheers !
  • #853
  • May 10, 2014 2:31am May 10, 2014 2:31am
Quoting taru
{quote} Dear bobhowson, Please accept my condolences on the loss of your mother. May she rest in peace. Coming to the original system as posted by you, I found the zz semafor indicator very useful to pick reversals on the 4 hourly charts. During the first full week of trading with it (27 April - 3 May), I netted 392 pips risking 1% per trade and a 60 pips fixed stop loss. However, I was plagued by the repainting issue with many trades hitting S/L. I therefore decided to experiment with a few "filters". The first was to consider only a level 3 signal....
Hi taru,

Can you explain your rules by posting screenshot just to help the traders in understanding more of Bob's system.
  • #854
  • May 10, 2014 2:32am May 10, 2014 2:32am
Quoting bobhowson
{quote} Hi I only bought the system last Thursday and still getting used to it. I only trade in the 4H & Daily time frames so I'm not sure how it would go. There are heaps of video's on Youtube explaining the system though... Cheers !
Hi Bob,

My condolences to your family.

Anyways with Cynthia's system, were you able to make some productive profits?
  • #855
  • May 10, 2014 5:02am May 10, 2014 5:02am
Can you help me to add a warning, including email.
Hope to be able to sound an alarm in 3 and 2.
Thank you very much!
Attached File(s)
File Type: mq4 3_Level_ZZ_Semafor.mq4   8 KB | 188 downloads
  • #856
  • May 10, 2014 9:56am May 10, 2014 9:56am
Quoting acey2424
{quote} Hi taru, Can you explain your rules by posting screenshot just to help the traders in understanding more of Bob's system.
I forgot to mention that I now wait for the candle AFTER the one with semafor to close before deciding to place the trade. I place a STOP order only if after the follow-on candle has closed and the semafor has not repainted.

I use the higher high or lower low (for BUY or SELL respectively) between the two candles to place the trade and risk 1% with a fixed 60 pips S/L. See the attached image. Hope it makes it clear.

Attachment
Attached Image (click to enlarge)
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The trader IS the holy grail.
  • #857
  • May 10, 2014 10:18am May 10, 2014 10:18am
Quoting taru
{quote} I forgot to mention that I now wait for the candle AFTER the one with semafor to close before deciding to place the trade. I place a STOP order only if after the follow-on candle has closed and the semafor has not repainted. I use the higher high or lower low (for BUY or SELL respectively) between the two candles to place the trade and risk 1% with a fixed 60 pips S/L. See the attached image. Hope it makes it clear. 1424070 {image}

Nice Trade!!!!
Creditors have better memories than debtors.
  • #858
  • Edited 1:00pm May 10, 2014 12:35pm | Edited 1:00pm
Quoting ForexSwag
{quote} Nice Trade!!!!
Thanks ForexSwag.

Below I am posting H4 and daily charts to illustrate a SELL trade on the GBPAUD that is currently 184 pips in profit. I've also explained why I haven't exited despite the appearance of a reverse level 3 signal on the H4. Hope this helps.

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Attached Image (click to enlarge)
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The trader IS the holy grail.
  • #859
  • May 10, 2014 1:31pm May 10, 2014 1:31pm
I'm holding a short on the Cable that has produced 121 pips. This is despite the fact that the GBPUSD has been in a sustained up trend.

Attached Image (click to enlarge)
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The trader IS the holy grail.
  • #860
  • May 10, 2014 2:31pm May 10, 2014 2:31pm
Next I want to discuss the exit.

I don't have a TP in mind and let the market decide. Therefore, if a trade survives long enough to be profitable, a time comes when a valid reversal appears. I simply place a new STOP order in the reverse direction and move the SL of the open trade to the same level. The following chart may help. Please note that you may not be able to see the SL of the SELL trade as it is "buried" under the pending BUY STOP order but its very much there.

Attached Image (click to enlarge)
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The trader IS the holy grail.
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