Take what the market gives you.
- #1,142
- Jun 5, 2014 11:18pm Jun 5, 2014 11:18pm
- Joined Jul 2013 | Status: Trader | 5,459 Posts
Howdy Bob,
I see that you live in "Gods Own Country"..Lucky devil..
I tried to make this indicator scenario to work several years ago but no luck.....Guess I am a slow learner..
Have spent hours to find my own charting style based on your concept and if it works over the coming weeks will share ..
If successful I may be able to join the elderly folk in paradise..
Have a great day.
Ronald
I see that you live in "Gods Own Country"..Lucky devil..
I tried to make this indicator scenario to work several years ago but no luck.....Guess I am a slow learner..
Have spent hours to find my own charting style based on your concept and if it works over the coming weeks will share ..
If successful I may be able to join the elderly folk in paradise..
Have a great day.
Ronald
Ronnie Renko
- #1,143
- Jun 6, 2014 12:11am Jun 6, 2014 12:11am
{quote} 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
I once stayed with the Daily from start to finish riding the tend till the main Semafor appears then closed in profit.
I suppose everyone has different styles..
Cheers !
Bob
- #1,146
- Jun 6, 2014 12:29am Jun 6, 2014 12:29am
- Joined Jul 2013 | Status: Trader | 5,459 Posts
Ronnie Renko
- #1,147
- Jun 6, 2014 12:40am Jun 6, 2014 12:40am
{quote} 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
Have a great weekend.
{quote} 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.
Hi, well for someone who claims to be a beginner, I would say you have a great knowledge and have a good tolerance for this trading style, a good fit. I have used entires based on daily lows or highs for a long time for swing trading. In essence you are trading the H4 charts between the bollingers, even if you are not aware of it...good job...
{quote} Also the reason for the shorter trades of late I took a leaf out of someone system were he only targets 40 pips for the TP also the SL is 40 pips. This is what I've been doing over the last couple of days on the Daily time frame. It would be lovely to get 10 trades with 40 pip profit each week. Have a great weekend.
