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My Market Order System

  • #881
  • May 12, 2014 3:13am May 12, 2014 3:13am
Quoting ForexSwag
{quote} I was wondering with that cindy system, how do you enter a trade when a x always appears on the next candle do you wait for the candle to close complete then take the trade... Because the X keeps popping up... Because of the trend channel. {image}
The WHITE CROSSES indicate the trend is FLAT... DO NOT TRADE !
I don't trade the 15m time frame...
  • #882
  • May 12, 2014 5:59am May 12, 2014 5:59am
Thanks Bob!!!
Creditors have better memories than debtors.
  • #883
  • May 12, 2014 8:51am May 12, 2014 8:51am
Looks like EJ is in play....

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  • #884
  • May 12, 2014 9:26am May 12, 2014 9:26am
Quoting ranger_lp
Looks like EJ is in play.... {image}
I'm currently in at 140.44.

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The trader IS the holy grail.
  • #885
  • May 12, 2014 10:53am May 12, 2014 10:53am
Quote
I'm currently in at 140.44

I got in about the same place as you taru, although Eur/Jpy isn't my favorite pair as it can be very choppy.

fingers crossed though

Martin
  • #886
  • May 12, 2014 11:06am May 12, 2014 11:06am
Set TP/SL and go to sleep,
what a easy way about trading~

Tai
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Everyone can find their HolyGrail
  • #887
  • May 12, 2014 11:24am May 12, 2014 11:24am
Quoting taru
{quote} I'm currently in at 140.44. {image}
Whats your potential exit on the H4 Chart.... Using the Semafor
Creditors have better memories than debtors.
  • #888
  • May 12, 2014 1:12pm May 12, 2014 1:12pm
Quoting ukmartin
{quote} I got in about the same place as you taru, although Eur/Jpy isn't my favorite pair as it can be very choppy. fingers crossed though Martin
I don't know which TF you are trading but it looks good on H4 and validated by a level 3 signal on the daily. The rest is up to the market. It could go up into profit or it could go down and hit my SL. I'm OK with it either way. No use fretting over it or even watching it.
The trader IS the holy grail.
  • #889
  • May 12, 2014 1:14pm May 12, 2014 1:14pm
Quoting ForexSwag
{quote} Whats your potential exit on the H4 Chart.... Using the Semafor
I don't have a TP and rely on a reverse semafor signal to appear. That could be anywhere. I'll just have to wait for it.
The trader IS the holy grail.
  • #890
  • May 12, 2014 1:21pm May 12, 2014 1:21pm
Hey acey2424. Hope the charts I've posted are helping. Let me know if there is anything else you need me to explain. Tariq[/quote]

Great explanation Taru thanks.

By checking to see if the semaphor is on the daily chart, aren't you in fact just trading the Daily TF ?
Do you get the situation where semaphor appears on both 4hr and daily, so you place the trade and then the daily semaphor disappears at the start of the next candle ?
Does this invalidate your trade ? An early exit perhaps ?

cheers Stan
  • #891
  • May 12, 2014 1:32pm May 12, 2014 1:32pm
Quoting taru
{quote} No use fretting over it or even watching it.
That's a good attitude to have
  • #892
  • May 12, 2014 2:36pm May 12, 2014 2:36pm
I combined it with trendlines and wait for the break and and rsi 20 crossing @ 50 level to enter and it is working a treat, Thanks for the idea Making some MAJOR pips.
  • #893
  • May 12, 2014 3:35pm May 12, 2014 3:35pm
Quoting stan3188
Hey acey2424. Hope the charts I've posted are helping. Let me know if there is anything else you need me to explain. Tariq
Great explanation Taru thanks. By checking to see if the semaphor is on the daily chart, aren't you in fact just trading the Daily TF ? Do you get the situation where semaphor appears on both 4hr and daily, so you place the trade and then the daily semaphor disappears at the start of the next candle ? Does this invalidate your trade ? An early exit perhaps ? cheers Stan[/quote]

You are welcome Stan.

Now about your questions.

By checking to see if the semaphor is on the daily chart, aren't you in fact just trading the Daily TF ?
Yes and no. Yes because a higher time frame contributes to the decision whether to trade or not. No because the actual entry is determined by the lower time frame and may be contained anywhere within the range of the higher time frame candle.

Do you get the situation where semaphor appears on both 4hr and daily, so you place the trade and then the daily semaphor disappears at the start of the next candle ?
By virtue of its logic, once it appears a zz semafor can repaint but never disappear.

Does this invalidate your trade ? An early exit perhaps ?
Nope. As I explained above, a semafor cannot disappear.
The trader IS the holy grail.
  • #894
  • May 12, 2014 3:41pm May 12, 2014 3:41pm
A sell opportunity on the GBPCHF has appeared. I've placed a pending STOP order.

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The trader IS the holy grail.
  • #895
  • May 12, 2014 3:49pm May 12, 2014 3:49pm
Waiting for the current candle to complete for a potential sell on the EURCHF. If the semafor stays put, I'll enter with a SELL STOP.

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The trader IS the holy grail.
  • #896
  • May 12, 2014 4:17pm May 12, 2014 4:17pm
Quoting taru
{quote} Great explanation Taru thanks. By checking to see if the semaphor is on the daily chart, aren't you in fact just trading the Daily TF ? Do you get the situation where semaphor appears on both 4hr and daily, so you place the trade and then the daily semaphor disappears at the start of the next candle ? Does this invalidate your trade ? An early exit perhaps ? cheers Stan
You are welcome Stan. Now about your questions. By checking to see if the semaphor is on the daily chart, aren't you in fact just trading the Daily TF ? Yes and no. Yes because a higher time frame contributes to the decision whether to trade or not. No because the actual entry is determined by the lower time frame and may be contained anywhere within the range of the higher time frame candle. Do you get the situation where semaphor appears on both 4hr and daily, so you place the trade and then the daily semaphor disappears at the start of the next candle ? By virtue of its logic, once it appears a zz semafor can repaint but never disappear. Does this invalidate your trade ? An early exit perhaps ? Nope. As I explained above, a semafor cannot disappear.[/quote]

Thanks for the answers, this makes your approach much clearer.

cheers
  • #897
  • May 12, 2014 4:31pm May 12, 2014 4:31pm
Quoting taru
Waiting for the current candle to complete for a potential sell on the EURCHF. If the semafor stays put, I'll enter with a SELL STOP. {image}
Hi Turu...great charts...read through this whole thread yesterday and loving this system. Are you still having good success with it?

With regards to the eurchf. What time does your 4 hour candle close?

Also I'm using the indicator from page 1. Is this what you are using. I notice in the top left of my chart (with just the template on), lots of info. which doesn't seem to relate to the current price etc. Any Ideas?

Thanks
  • #898
  • May 12, 2014 4:34pm May 12, 2014 4:34pm
The candle has completed and the semafor hasn't budged. The daily TF also agrees. Everything looks OK. So here goes the SELL STOP order. The rest is now up to the market.

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The trader IS the holy grail.
  • #899
  • May 12, 2014 4:45pm May 12, 2014 4:45pm
Quoting ukmartin
{quote} I got in about the same place as you taru, although Eur/Jpy isn't my favorite pair as it can be very choppy. fingers crossed though Martin
  • #900
  • May 12, 2014 5:13pm May 12, 2014 5:13pm
It's interesting to see that Cythia's Ribbon System has not triggered a BUY on the EURJPY as yet. I'm already in profit for 25+ pip already...
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