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Attachments: My Market Order System
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My Market Order System

  • #1,101
  • Jun 2, 2014 9:48am Jun 2, 2014 9:48am
Quoting Fbird
{quote} Post 947
sorry, didn't see any exit rule. am i missing something?
  • #1,102
  • Jun 2, 2014 2:42pm Jun 2, 2014 2:42pm
Quoting bobhowson
{quote} Hi Tai, You've got it in a nut shell... If you have the Semafor at the bottom, which means there's a possible BUY trade set up make sure the Stochastic is also at the bottom ( Over Sold ). And if the Large dot is at the top which means a possible SELL trade make sur e the Stochastic is also at the top ( Over Bought ) I will trade the pair untill I hit the next Semafor, trading the pull backs and the main trend even when there is minor semafor, but that's just my way at the moment. I have tried a few different trading methods but I always...

Hi - I have been testing it on Daily and what I found is that when the 3 appears, you wait for the next days candle to appear, then create the market order 10 pips above/below that candel(the one after the semafor)

I found this may get me in a bit late - but at least its a confirmed entry

Hope that helps
  • #1,103
  • Jun 2, 2014 3:56pm Jun 2, 2014 3:56pm
Quoting Feefee
{quote} Hi - I have been testing it on Daily and what I found is that when the 3 appears, you wait for the next days candle to appear, then create the market order 10 pips above/below that candel(the one after the semafor) I found this may get me in a bit late - but at least its a confirmed entry Hope that helps
  • #1,104
  • Jun 2, 2014 4:44pm Jun 2, 2014 4:44pm
Quoting Feefee
{quote} Hi - I have been testing it on Daily and what I found is that when the 3 appears, you wait for the next days candle to appear, then create the market order 10 pips above/below that candel(the one after the semafor) I found this may get me in a bit late - but at least its a confirmed entry Hope that helps
Do you also require the following candle to close in the direction of the price reversal?
  • #1,105
  • Jun 3, 2014 5:24am Jun 3, 2014 5:24am
Quoting Bobcat2
{quote} Do you also require the following candle to close in the direction of the price reversal?
As long as the Semafor candler has closed you can take your trade from that... Or if you like you could wait for confirmation with the next candle that's going with the current trend.
I also trade the main tend and the pullbacks too... I try and squeeze as much as possible of of the trends..
Cheers !
  • #1,106
  • Jun 3, 2014 5:45am Jun 3, 2014 5:45am
Quoting Bobcat2
{quote} Do you also require the following candle to close in the direction of the price reversal?
Not necessarily I just place my order tn pips above or below it and see if it hits
  • #1,107
  • Jun 3, 2014 5:47am Jun 3, 2014 5:47am
Quoting bobhowson
{quote} As long as the Semafor candler has closed you can take your trade from that... Or if you like you could wait for confirmation with the next candle that's going with the current trend. I also trade the main tend and the pullbacks too... I try and squeeze as much as possible of of the trends.. Cheers !
Hi Bob

Once again thank you for this wonderful forum and the good you are doing here,

May I ask what pairs you trade with and what are your TP Levels and SL...for retracements (pink dot) and for yellow dot

Also what risk % do you use, how long do you leave a trade open?
  • #1,108
  • Jun 3, 2014 6:48am Jun 3, 2014 6:48am
Quoting Feefee
{quote} Hi Bob Once again thank you for this wonderful forum and the good you are doing here, May I ask what pairs you trade with and what are your TP Levels and SL...for retracements (pink dot) and for yellow dot Also what risk % do you use, how long do you leave a trade open?
Before I make a trade I look through all the pairs and pick trades that have a closed #3 Semafor candle. I only trade around 4 pairs at a time, ensuring I don't over trade.
My Stop goes above or below the 3# dot, I then take the trade, I used to use a Buy or Stop Order but not any more. I don't seem to have that much trouble with repainting. As soon as another semafor dot appears for the opposite direction I close my current trade and place a new one for the opposite trend. I tend to use 0.05 per $100 in my bank..
eg: $100 balance I trade 0.05 when it reaches $200 use 0.10, $300 use 015 which is $1.50 per pip....ect ect
Hope this all helps..
Cheers !
Bob
  • #1,109
  • Jun 3, 2014 7:09am Jun 3, 2014 7:09am
Quoting dialpips
{quote} sorry, didn't see any exit rule. am i missing something?
Read the entire thread. It's only 56 pages then you will be able to see the exit rule. I think this one was discussed by bob one page ago. Please don't be lazy
  • #1,110
  • Jun 3, 2014 7:24am Jun 3, 2014 7:24am
Quoting bobhowson
{quote} Before I make a trade I look through all the pairs and pick trades that have a closed #3 Semafor candle. I only trade around 4 pairs at a time, ensuring I don't over trade. My Stop goes above or below the 3# dot, I then take the trade, I used to use a Buy or Stop Order but not any more. I don't seem to have that much trouble with repainting. As soon as another semafor dot appears for the opposite direction I close my current trade and place a new one for the opposite trend. I tend to use 0.05 per $100 in my bank.. eg: $100 balance I trade...

Thank you so much for the info, truly useful

When you say the dot for the other direction, does this also apply for reversals? You close the trade and then take the reversal, immediately or after close?

I must admit I didnt like it that much when I started using it, but once I moved it to daily and incorporated it with my current strategy it really helps being able to see the lows and highs plotted out so nicely
  • #1,111
  • Jun 3, 2014 8:07am Jun 3, 2014 8:07am
Quoting Feefee
{quote} Thank you so much for the info, truly useful When you say the dot for the other direction, does this also apply for reversals? You close the trade and then take the reversal, immediately or after close? I must admit I didnt like it that much when I started using it, but once I moved it to daily and incorporated it with my current strategy it really helps being able to see the lows and highs plotted out so nicely
Yep !
As soon as the other minor semafor happens on the candle I take it, but I do that on the 4H time frame.
That's what I've been doing lately and I've been making the pips
Cheers !
  • #1,112
  • Jun 3, 2014 8:59am Jun 3, 2014 8:59am
EUR/USD looking to rise
  • #1,113
  • Jun 3, 2014 10:39am Jun 3, 2014 10:39am
H4
Maybe I have to wait for more than three candles (D1 for next , H4 for four)
Test on Demo account.
Attached Image (click to enlarge)
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Everyone can find their HolyGrail
  • #1,114
  • Jun 3, 2014 11:49am Jun 3, 2014 11:49am
Quoting bobhowson
{quote} Yep ! As soon as the other minor semafor happens on the candle I take it, but I do that on the 4H time frame. That's what I've been doing lately and I've been making the pips Cheers !
Hi bob~maybe you can improve this indi for your trade now.Ex:when the candle which next to point 3 is upper than point 3,make alert.
Everyone can find their HolyGrail
  • #1,115
  • Jun 3, 2014 4:16pm Jun 3, 2014 4:16pm
Quoting tai9127
{quote} Hi bob~maybe you can improve this indi for your trade now.Ex:when the candle which next to point 3 is upper than point 3,make alert.
I'm quite happy with the system the way it is, I've compared it with others and it works for me.
  • #1,116
  • Jun 3, 2014 4:21pm Jun 3, 2014 4:21pm
Quoting tai9127
{quote} Hi bob~maybe you can improve this indi for your trade now.Ex:when the candle which next to point 3 is upper than point 3,make alert.
I would take a SELL on this pair, there is a SELL signal on the H4 & D1.
  • #1,117
  • Jun 3, 2014 9:37pm Jun 3, 2014 9:37pm
Quoting bobhowson
{quote} I'm quite happy with the system the way it is, I've compared it with others and it works for me.
hi bobhowson
do you trade your system as you have it in post #1 ?
or you do use other indicators for confirmation to enter the trades ?
thanks
fred
  • #1,118
  • Jun 3, 2014 9:46pm Jun 3, 2014 9:46pm
Quoting fredgold3434
{quote} hi bobhowson do you trade your system as you have it in post #1 ? or you do use other indicators for confirmation to enter the trades ? thanks fred
Hi Fred,
Basically I still trade the same system only lately I don't do the STOP ORDER's like I used to other than that all the same.
I just wait for the Semafor candle to finish then place my trade. These days I trade the pull backs to using the Semafor indicator.
I try and limit my trade to 4 pair only...
Cheers !
Bob
  • #1,119
  • Jun 3, 2014 10:56pm Jun 3, 2014 10:56pm
what doyou thinks abaout the next candle mr bob
Attached Image (click to enlarge)
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  • #1,120
  • Jun 4, 2014 12:10am Jun 4, 2014 12:10am
Quoting tonex
what doyou thinks abaout the next candle mr bob {image}
Personally I won't be taking the trade though there is a possibility of TDI crossing in the overbought area, there is major support which is at 171.250 using the 200 SMA and the daily pivot line plus there is no No.3 in the daily chart.
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