Nice to see this thread coming back to life ( with the original good system) keep it up guys and good luck
Orid Peter
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Orid Peter
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- #865
- Edited 10:17am May 11, 2014 10:07am | Edited 10:17am
Here is another long position I'm currently holding on the AUDNZD that has produced 191 pips. When I placed the pending order, I was still using the high or low of the candle with the semafor. Also note that the semafor actually appeared two candles before the one where it actually is seen in the image. It repainted twice to reach it's final position. Accordingly, I moved the pending order twice and would have done it a third time had I not been late to review the charts. By the time I got to it, the order had triggered. I just decided to let it play out.
The trader IS the holy grail.
- #867
- May 11, 2014 10:50am May 11, 2014 10:50am
- | Joined Jan 2014 | Status: I don´t reMember ?! | 1,875 Posts
- #868
- May 11, 2014 11:33am May 11, 2014 11:33am
{quote} Hey acey2424. Hope the charts I've posted are helping. Let me know if there is anything else you need me to explain. Tariq
thank you so much for the charts that you posted. It was very clear and it really helped me in understanding how to maximize the potential of the semafor indicator though it repaints. One question though, I hope you dont mind, have you tried your strategy in a lower timeframe, let's say 15 mins.
thanks and have a nice day
- #869
- May 11, 2014 11:37am May 11, 2014 11:37am
{quote} Yeah so far for the first week I made around 100 pips, but I did combine it with the Semafor system.
nice result. I am planning to purchase the color coded system from cynthia but i want to have some feedback on how it perform in live trading. You know that systems are really good in screenshots especially if it is a marketing video or screenshot. Please do keep me posted if it is a worthy buy.
thanks bob
{quote} Hi taru, thank you so much for the charts that you posted. It was very clear and it really helped me in understanding how to maximize the potential of the semafor indicator though it repaints. One question though, I hope you dont mind, have you tried your strategy in a lower timeframe, let's say 15 mins. thanks and have a nice day
The trader IS the holy grail.
- #872
- May 11, 2014 12:52pm May 11, 2014 12:52pm
{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....
Cheers
Another thing that I've observed is a higher probability reversal setup where a follow-on candle breaks the high or low of the preceding semafor candle. This means that a follow-on candle has a higher high than the semafor candle in a BUY setup, or a lower low than the semafor candle in a SELL setup. This may suit a trader with a conservative approach who'd like to trade only high probability setups. I've attached a chart to pinpoint three such setups. Hope this is helpful.
The trader IS the holy grail.
- #876
- May 11, 2014 10:44pm May 11, 2014 10:44pm
{quote} I your idea of using the 4H time frame and comparing it with the Daily I might give that a try with the system myself. Cheers
Because the X keeps popping up... Because of the trend channel.
Creditors have better memories than debtors.
- #878
- May 12, 2014 2:46am May 12, 2014 2:46am
- | Joined Oct 2008 | Status: Learning | 1,057 Posts
What you do is a reflection of you....what I do is a reflection of me.
- #879
- May 12, 2014 2:51am May 12, 2014 2:51am
- | Joined Oct 2008 | Status: Learning | 1,057 Posts
What you do is a reflection of you....what I do is a reflection of me.