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Attachments: My Market Order System
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My Market Order System

  • #1,121
  • Jun 4, 2014 1:40am Jun 4, 2014 1:40am
Quoting bobhowson
{quote} 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
hi bobhowson
I see here you mentioned many times that you use 4H for this system, but in first post you insisted as a rule we have to use only daily TF.so please let us know which one is better for this system?
thanks
fred
  • #1,122
  • Jun 4, 2014 2:06am Jun 4, 2014 2:06am
Quoting tonex
what doyou thinks abaout the next candle mr bob {image}
There is a Semafor SELL signal on both the D1 & 4H on this pair I would take this... SL @ 171.995...
  • #1,123
  • Jun 5, 2014 4:42am Jun 5, 2014 4:42am
This is how I'm using the Semafor System these days...
Attached Image (click to enlarge)
Click to Enlarge Name: My_System.png Size: 59 KB
  • #1,124
  • Jun 5, 2014 4:58am Jun 5, 2014 4:58am
Quoting bobhowson
This is how I'm using the Semafor System these days... {image}
Hi Bob

Are you taking trades 2 and 3 at the end of the candle like trade 1?

Thanks
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #1,125
  • Jun 5, 2014 4:59am Jun 5, 2014 4:59am
hi bob,
how you place the order
stop/limit?market order?
after the ball appears ? after confirmation that it wont repaint?
what is the confirmation candle /qualifying candle
concurrence of D and 4H ?
please elaborate
rgds
learn and earn from the ups and downs...of life.
  • #1,126
  • Jun 5, 2014 5:11am Jun 5, 2014 5:11am
Quoting bobhowson
This is how I'm using the Semafor System these days... {image}
That looks like great hindsight trading, but I would be very surprised if you really got those exact entries/ exits using just Semafor
Attached Image (click to enlarge)
Click to Enlarge Name: audusd daily semafor.png Size: 64 KB
  • #1,127
  • Jun 5, 2014 5:30am Jun 5, 2014 5:30am
Quoting bobhowson
This is how I'm using the Semafor System these days... {image}
Looks good, but I find issue with the reversal (semaphor 2) it repaints quite terribly

If you trading the reversals are you in essence trading H4 timeframe?
  • #1,128
  • Jun 5, 2014 5:37am Jun 5, 2014 5:37am
Quoting Feefee
{quote} Looks good, but I find issue with the reversal (semaphor 2) it repaints quite terribly If you trading the reversals are you in essence trading H4 timeframe?
Yeah most of the time I trade the 4H on the pullbacks...
  • #1,129
  • Jun 5, 2014 5:38am Jun 5, 2014 5:38am
Quoting spacePip
{quote} That looks like great hindsight trading, but I would be very surprised if you really got those exact entries/ exits using just Semafor {image}
That's all I use....also the stochastic...
  • #1,130
  • Jun 5, 2014 5:40am Jun 5, 2014 5:40am
pinbar+3ball
or
3ball + crossover of ssl or tft indi + close of candle
worth trying out?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusddaily.png Size: 66 KB
Click to Enlarge Name: eurusdh4.png Size: 45 KB
Click to Enlarge Name: gbpusddaily.png Size: 51 KB
Click to Enlarge Name: gbpusdh4.png Size: 44 KB
learn and earn from the ups and downs...of life.
  • #1,131
  • Jun 5, 2014 5:43am Jun 5, 2014 5:43am
Quoting spacePip
{quote} That looks like great hindsight trading, but I would be very surprised if you really got those exact entries/ exits using just Semafor {image}
You seem to have many more dots than I have on mine. Checkout my settings, see if they are the same...
Attached Image (click to enlarge)
Click to Enlarge Name: Sem.png Size: 35 KB
  • #1,132
  • Edited 6:17am Jun 5, 2014 6:17am | Edited 6:17am
Quoting bobhowson
{quote} You seem to have many more dots than I have on mine. Checkout my settings, see if they are the same... {image}
He's using SemaphorTrue which shows the number of times the dots have been repainted and then finally hold at that position.

See img:
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyh4.png Size: 33 KB
  • #1,133
  • Jun 5, 2014 6:20am Jun 5, 2014 6:20am
1. I do not post charts or answer a lot of redundant questions. Mainly because because I am not good at expressing myself other than in an original post.
2. If you don't like how Bob uses the indicators then come up with your own. I use his method with a couple of tweaks.
MY Tweaks with BOBS method:
In my looking back at charts I put Heiken Ashi bars on the chart and found that if you wait for the change of color after the Semafor signal you will be pretty solid in your entries. I also added the only other indicator I use which is the TDI (Traders Dynamic Index) to confirm the Semafor signal. It MUST have a cross and the Heiken ashi bars must change color before I take the trade. I trade only H4 and Daily

If you have questions then try it out for a week or so and then ask. Or use Semafor confirmed with the Stoch Oscillator as Bob does. Either will work. Patience is key. Closed candles are key. Money management is key.

The method is Bobs - It is a good method where he trades and with the broker he uses. We must use his ideas and come up with what works for us in our situation.

Good trading guys and thanks many times over for sharing your method Bob.
edit: I notice Bobha and Shinewel both use the APB or Heiken ashi bars. Also I use the 5 ema with a 3 shift which is further confirmation. Basically I use the Trading Made Simple started by eelfranz and combine it with Bobs method.
  • #1,134
  • Jun 5, 2014 6:26am Jun 5, 2014 6:26am
Quoting bobhowson
{quote} You seem to have many more dots than I have on mine. Checkout my settings, see if they are the same... {image}
It's a different indicator I have attached, use it together with the regular ZZ semafor indicator and you will see that it paints a dot whenever a Semaphor appears and stays there.

As you know the regular ZZ semafor indicator will re-paint whenever there is a new high/ low, so watch both indicators together on a 1 min chart just to see how it works, (change setting edblOffsetPoints lower for better visual display)
Attached File(s)
File Type: mq4 SemaphorTrue2.mq4   5 KB | 469 downloads
  • #1,135
  • Jun 5, 2014 6:27am Jun 5, 2014 6:27am
Quoting tomthepoppop
1. I do not post charts or answer a lot of redundant questions. Mainly because because I am not good at expressing myself other than in an original post. 2. If you don't like how Bob uses the indicators then come up with your own. I use his method with a couple of tweaks. MY Tweaks with BOBS method: In my looking back at charts I put Heiken Ashi bars on the chart and found that if you wait for the change of color after the Semafor signal you will be pretty solid in your entries. I also added the only other indicator I use which is the TDI (Traders...

Excellent answer....I agree, there is no one fit model for everyone....you need to try and see what works for you as an individual
I have been a day trader for years and thanks to Bobs ideas and the semaphor using it on Dailys along with Bollinger bands to do position trading

Thank you Bob for sharing, keep up the good work
  • #1,136
  • Jun 5, 2014 6:35am Jun 5, 2014 6:35am
Quoting tomthepoppop
1. I do not post charts or answer a lot of redundant questions. Mainly because because I am not good at expressing myself other than in an original post. 2. If you don't like how Bob uses the indicators then come up with your own. I use his method with a couple of tweaks. MY Tweaks with BOBS method: In my looking back at charts I put Heiken Ashi bars on the chart and found that if you wait for the change of color after the Semafor signal you will be pretty solid in your entries. I also added the only other indicator I use which is the TDI (Traders...
Yeah everybody trades in their own way, use what ever works for you, guys.
There are many ways you can use the semafor as you can see with many suggestions in this forum.
Anyway it's all very interesting...
Thanks Tom
  • #1,137
  • Jun 5, 2014 6:38am Jun 5, 2014 6:38am
I got the idea of trading with the semafor after coming across the Zig Zag indicator when I first started trading around a year ago.
The Semafor I found in another System which I came across while trying different idea's.
Anyway lots of luck guys.
Cheers !
  • #1,138
  • Jun 5, 2014 3:22pm Jun 5, 2014 3:22pm
Quoting bobhowson
I got the idea of trading with the semafor after coming across the Zig Zag indicator when I first started trading around a year ago. The Semafor I found in another System which I came across while trying different idea's. Anyway lots of luck guys. Cheers !

Hi Bob

I also had the Semafor, and didnt like it so left it aside, then I saw your thread and decided to give it a go for longer term trading

Do you know how the reversal semafor works, what it is based on....Im just trying to understand the reversal indicator a bit more.

Thank You

Cheers
  • #1,139
  • Jun 5, 2014 4:37pm Jun 5, 2014 4:37pm
Quoting Feefee
{quote} Hi Bob I also had the Semafor, and didnt like it so left it aside, then I saw your thread and decided to give it a go for longer term trading Do you know how the reversal semafor works, what it is based on....Im just trying to understand the reversal indicator a bit more. Thank You Cheers
Good Mornin' Fee,
I'm really still a beginner only been trading for around 18 months, so when it comes to the technical sde of trading I'm buggered. I do know that the smaller the semafor number on the dot the less reliable it is. I only trade these on the 4H if it is a #2 or 3. One of our members I made a noter of confirms the signal between the 4H & Daily, which I thought was a great idea and seems to work very well.
eg: If there is a #3 dot on the H4 and a #2 on the D1 that would be a trade.
Hope this is helpful.
  • #1,140
  • Jun 5, 2014 9:55pm Jun 5, 2014 9:55pm
Quoting bobhowson
{quote}I only trade these on the 4H if it is a #2 or 3. One of our members I made a noter of confirms the signal between the 4H & Daily, which I thought was a great idea and seems to work very well. eg: If there is a #3 dot on the H4 and a #2 on the D1 that would be a trade. Hope this is helpful.
Hi, Bob,

I noticed many of your trades are a very short duration, like a few hours or less (some only a few minutes). If you are trading on the 4hr and daily charts, how are you determining your exits? If we wait for the next semafor to appear on 4hr or daily charts, wouldn't these trades normally go on for days? thanks
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