{quote} You are welcome Feefee. I'm just testing this way of trading the semaphor for less than 2 weeks, so nothing is written in stone here. I've been playing with the semaphor since the start of this thread with no sucess due to repainting issue. Yes, this indi is repainting and a lot. So, if you trade it mechanically, no way you will make money. I then started following Taru' rules for entry and exit. Read his comments carrefully. They are very clear, well explained and I learnt a lot from them. I experienced too much losses though and decided...
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Looks good though....thats almost 20 % gain on balance
{quote} Looks good though....thats almost 20 % gain on balance What is your formula to work out the lot size?
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1% of account balance. I use the position size calculator indi:
Entry = 1 pip above the highest or lowest of the semaphor candle and the confirming candle (i.e. the candle after the semaphor candle).
SL: just below or above the semaphor dot.
{quote} 1% of account balance. I use the position size calculator indi: Entry = 1 pip above the highest or lowest of the semaphor candle and the confirming candle (i.e. the candle after the semaphor candle). SL: just below or above the semaphor dot.
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Definitely interesting....I will look into it....Thanks alot
Hey guys, what about this 4H EURUSD? No one long? {image}
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For me, EU is still on a downtrend on the daily, so no trade. But, I acknowledge it may bounce up as it is close to the 200 MA. I prefer to be patient and have a confirmed up trend to look for longs. But that just me.
{quote} For me, EU is still on a downtrend on the daily, so no trade. But, I acknowledge it may bounce up as it is close to the 200 MA. I prefer to be patient and have a confirmed up trend to look for longs. But that just me.
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Are you actually using 200 EMA for trend confirmation?
I'm happy just to WAIT for the closed candle in the direction you want to trade... Currently I'm waiting for the next closed candle in the preferred direction for these trades, and that won't happen till at least tomorrow 7am for me here in Oz. Don't forget to wait for the closing candle in the direction of the trade. USDCHF SELL EURCAD BUY EURGBP BUY EURJPY BUY CHFJPY BUY USDJPY BUY EURUSD BUY
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Hi Bob
I just wondering are you still using cythis colored ribbon system?how does that system work for you?
thanks
regards
Fred
Dear followers
I have checked cynthias colored trend system and other websites belongs to her selling another system ,its all scam big time.
these people if they were successful in trading forex,then they will never ever sell anything to others,that is a very basic rule.
thanks
fred
Dear followers I have checked cynthias colored trend system and other websites belongs to her selling another system ,its all scam big time. these people if they were successful in trading forex,then they will never ever sell anything to others,that is a very basic rule. thanks fred
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Hi Brad I was using Cythia's Ribbon System for confirmation of trades with the Semafor system I use but since changed to a Gann SSL indicator which seems to work much better.
Cheers !
Bob
Greetings all to the start of a new week. Here is an idea I am currently trialling. I have change the setting on the Semafor to 13, 34, 71. Also I am using Synergy Candles and Extreme TMA Line. And the TMA repaints, I know that. When a Sell 3 occurs wait until the candles change from Red to Blue. Then put a Sell order in at 5 to 10 pips below the low of the 3 candle or that first Blue candle, which ever is lowest. You will see on the chart two past entry points and the order I will be placing on Monday morning. I have also included the state of play at the moment on my practise account.
hi bobha
first thank you for your conterbution .i just like to know which semafor indicator you use on your chart?is it the same as posted in post #1 or you use different one?
do you trade on day time frame or 4HR chart?
thanks
fred
G'day Fred. Yes, I am using the one Bob posted originally.
And something I forgot to put in the previous post. It looks like another entry point is a 1 or 2 candle if part of the candle's body goes outside the TMA lines. This one is a bit hard to check up on the charts as the TMA lines repaint but if you try to visualise where the might have been at the time this could be a goer.
Bob
Greetings all to the start of a new week. Here is an idea I am currently trialling. I have change the setting on the Semafor to 13, 34, 71. Also I am using Synergy Candles and Extreme TMA Line. And the TMA repaints, I know that. When a Sell 3 occurs wait until the candles change from Red to Blue. Then put a Sell order in at 5 to 10 pips below the low of the 3 candle or that first Blue candle, which ever is lowest. You will see on the chart two past entry points and the order I will be placing on Monday morning. I have also included the state of...
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I think you're onto something good here, but could you please explain the rational behind changing the Semafor to: 13,34,71? At least explain a little what these numbers represent to you and what you expect from the result, or what you're trying to prevent. Thanks.
G'day Fred. Yes, I am using the one Bob posted originally. And something I forgot to put in the previous post. It looks like another entry point is a 1 or 2 candle if part of the candle's body goes outside the TMA lines. This one is a bit hard to check up on the charts as the TMA lines repaint but if you try to visualise where the might have been at the time this could be a goer. Bob
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Bobha - Good one - I am trying the same type thing except no TMA - I use the ABP Synergy bars plus 3zzSemafor and the Traders Dynamic Index (TDI) as a visual confirmation. It appears to be working easily and well - actually am live doing it = will let you know in about a month how it is going. My rational is that even with the Semafor repainting it just says the trend is continuing =when it stops and the abp bars turn color it is a great signal especially when confirmed by the TDI.
Open for comments
Tom
{quote} Bobha - Good one - I am trying the same type thing except no TMA - I use the ABP Synergy bars plus 3zzSemafor and the Traders Dynamic Index (TDI) as a visual confirmation. It appears to be working easily and well - actually am live doing it = will let you know in about a month how it is going. My rational is that even with the Semafor repainting it just says the trend is continuing =when it stops and the abp bars turn color it is a great signal especially when confirmed by the TDI. Open for comments Tom
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Nice method.... Can you please share some charts with settings and indi so we can better understand?
Zxpips, the reason for the larger numbers is that this cuts down on the number of 3 signals that will appear. Why 13, 34 and 71? Actually I have no idea how I came up with them. It would probably more sensible to use 10, 26, 68 which are the original numbers times 2. I am also looking at going as high as 100 but it gets a bit more complicated at that level. If you use Semaphore True you can try the various combinations.
Bob
