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  • #201
  • Edited 6:01am Mar 3, 2015 5:51am | Edited 6:01am
Quoting Drewas
{quote} Hi i do consider the trend and am cautious entering against the trend unless there is a sun. There should be space to get a decent profit (half ADR) until it hits support and resistance or the MA's I use. {image} Am in on EURGBP for 10pips at the moment. Entered after orange 1 based on the 3 (or sun) creating a new peak.Entered a little late but TDI cross and MACD new peak being formed. Shooting for 25-30 pips half ADR.

Ok how do you define trend ? by indicators or price action if you have time please show on a chart.

Also another question i cant find in this thread, what is your winning rate how many trades out of 10 do you win ? And what is your winning compares to the losers ? that is how many pips do you get on your winners and how many pips do you lose on your losers ?

Best regards
  • #202
  • Mar 3, 2015 6:07am Mar 3, 2015 6:07am
Quoting jgadefelth
{quote} Ok how do you define trend ? by indicators or price action if you have time please show on a chart. Also another question i cant find in this thread, what is your winning rate how many trades out of 10 do you win ? And what is your winning compares to the losers ? that is how many pips do you get on your winners and how many pips do you lose on your losers ? Best regards
Zoomed out

Attached Image



Trend is subjective but for me zoom out and you can see that after purple 2 price has resumed downwards. There is a 3 on 4 hour chart but enough space to hit my take profit. Will see.

I don't trade every day/week but made 300 pips last week trading every day as I was off.
We're all just one trade away from humility.
  • #203
  • Mar 3, 2015 6:09am Mar 3, 2015 6:09am
Quoting Drewas
{quote} Zoomed out {image} Trend is subjective but for me zoom out and you can see that after purple 2 price has resumed downwards. There is a 3 on 4 hour chart but enough space to hit my take profit. Will see. I don't trade every day/week but made 300 pips last week trading every day as I was off.
ok thanks 300 pips in how many trades? for me percent is more intresting then pips.

best regards
  • #204
  • Mar 3, 2015 6:14am Mar 3, 2015 6:14am
Quoting jgadefelth
{quote} ok thanks 300 pips in how many trades? for me percent is more intresting then pips. best regards
I never trade more than two trades per day.
We're all just one trade away from humility.
  • #205
  • Mar 3, 2015 6:31am Mar 3, 2015 6:31am
Out for 5 and a half pips as its retraced. Should wait for candle close but cant always get the 100pip run and its lunch time!

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Besides can always re-enter if USA comes on and it continues down.
We're all just one trade away from humility.
  • #206
  • Mar 3, 2015 8:21am Mar 3, 2015 8:21am
So entered after pullback after break of last red candle and just before TDi cross:-

Attached Image


TDI crossed and red dot formed:-

Will it go to blue 100MA? Currently 7 pips.

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Dont normally trade this pair as AD is usually quite low in comparison.
We're all just one trade away from humility.
  • #207
  • Mar 3, 2015 9:08am Mar 3, 2015 9:08am
So didnt go so well that one:-

Attached Image


Out at break even!After TDI green hook and candle retrace.

Note to self: Stick to higher ADR moving pairs.
We're all just one trade away from humility.
  • #208
  • Mar 3, 2015 1:11pm Mar 3, 2015 1:11pm
i am also trading this on demo and i only take number 3 in trading and if no news to be released relatively soon on the pair i'm looking at.
  • #209
  • Mar 3, 2015 8:58pm Mar 3, 2015 8:58pm
Got another question

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In the attached chart once i enter (green dotted line) i c a red two small candles and also a another red semaphore. But those were very two small red candles. but after those two red candles price seems to go further. Anyway i have seen lots these situations before. In such a situation would you have closed the trade either after the semaphore or the red candle or waited since those are very small candles?

And whos the broker you are using ?
  • #210
  • Mar 4, 2015 5:46am Mar 4, 2015 5:46am
Personally that trade is a bit early for me I look from London where bars tend to be bigger, but I would have exited for break even or a small loss then maybe re entered after the green dot and close of first blue candle indicating that the move will continue up:-

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Hindsight is a wonderful think but we can se that price continues up to form new peak on MACD. It does this all the time, but dont take my word for it.

With this knowledge you might have held on for the new peak and be in the pips!
We're all just one trade away from humility.
  • #211
  • Mar 4, 2015 6:08am Mar 4, 2015 6:08am
Quoting Drewas
Personally that trade is a bit early for me I look from London where bars tend to be bigger, but I would have exited for break even or a small loss then maybe re entered after the green dot and close of first blue candle indicating that the move will continue up:- {image} Hindsight is a wonderful think but we can se that price continues up to form new peak on MACD. It does this all the time, but dont take my word for it. With this knowledge you might have held on for the new peak and be in the pips!

This looks like a counter trend trade and the only reason why you take it is becaouse of the 3dot that is a strong signal and after that also the other indicators confirm and make you stay in the trade yes ?

Best regards
  • #212
  • Mar 4, 2015 7:51am Mar 4, 2015 7:51am
Quoting jgadefelth
{quote} This looks like a counter trend trade and the only reason why you take it is becaouse of the 3dot that is a strong signal and after that also the other indicators confirm and make you stay in the trade yes ? Best regards
Yes I use the dots as a visual guide, if im trading away from yellow dot or sun then its a strong indicator that price has changed direction and will continue through 0 on MACD to create new high. Of course its doesn't always do this sometimes it will reverse and continue beyond the sun or yellow dot but you will almost always capture some pips using my exit rules. If it continues to new MACD high then these are the 'home run' trades.
We're all just one trade away from humility.
  • #213
  • Mar 19, 2015 9:08am Mar 19, 2015 9:08am
Why are there no activity here ? no one post questions or chats of trades ?

Best regards
  • #214
  • Mar 20, 2015 11:24pm Mar 20, 2015 11:24pm
Quoting elway
Thanks for sharing your system Drewas. Used it this morning and made some good trades. It really does slow down my laptop though. I removed the news and adr indicators.. Seemed to help a little but the semaphore really slows things down. Any ideas? A different semaphore indi... etc?
Elway....I'm new to the post but I just wanted to add that if you get rid of most unnecessary indicators that you don't need and other possible programs running on the lap top, then this should improve the RAM. How are you doing with this system using the Semaphore? Doing well? Is your account real? Thank you for any response if you feel free and have the time.
  • #215
  • Mar 21, 2015 7:42am Mar 21, 2015 7:42am
Quoting jgadefelth
Why are there no activity here ? no one post questions or chats of trades ? Best regards
I trade this method everyday but am not a full time trader and so cant always post as I have work commitments too.

The system is very simple and (hopefully) articulated in this thread in a simple and helpful manner. The rules don't change nor the indicators (unless theres newer versions) so there not much else to post. I've posted in realtime to show my thinking and others have benefited so mission accomplished !
We're all just one trade away from humility.
  • #216
  • Oct 4, 2015 4:57am Oct 4, 2015 4:57am
Quoting Drewas
{quote} I trade this method everyday but am not a full time trader and so cant always post as I have work commitments too. The system is very simple and (hopefully) articulated in this thread in a simple and helpful manner. The rules don't change nor the indicators (unless theres newer versions) so there not much else to post. I've posted in realtime to show my thinking and others have benefited so mission accomplished !
Yes, Drewas, mission accomplished. Well done. Still some questions remain. For example: Anybody has traded this on D1?

Thanks
  • #217
  • Edited 5:46am Oct 4, 2015 5:16am | Edited 5:46am
Quoting elway
Thanks for sharing your system Drewas. Used it this morning and made some good trades. It really does slow down my laptop though. I removed the news and adr indicators.. Seemed to help a little but the semaphore really slows things down. Any ideas? A different semaphore indi... etc?
Go to Tools / Options / Charts and change the max bars in history and max bars in chart. I trade 5M charts so I use 2100 bars, but if you are trading 1M charts, you might need more because there are 1440 bars in a day. I chose 2100 because at one time I used modified MACD indicators and would set Signal to 2000 so it would match the zero line as an alert. Habit now, lol. Anyway, less bars = faster MT4.

I haven't seen that star semaphore in years, lol, but yes it is a resource hog. I do not know if the next version is better? My team cut up a version years ago and now it has no effect on your computer. The signals have absolutely nothing to do with anything, lol, but I have been using it for so long it is habit now. If you draw trend lines it can be handy as you can quickly connect old highs and lows. Otherwise, it is pretty meaningless but for absolutely no reason, I use it as a tool for pseudo market position. I probably have different settings too?? so you may need to adapt it.

Perhaps if you use diagonal trend lines after a signal and then trade until the next dot and look for a trend line break to exit, it might be effective. The only problem is if you get whipsawed you will need to be fast. On the other hand, you could only trade the pink 2 and yellow 3. During a deep trend, you will have some weak reversals as the yellow 3 keeps resetting, but if you are diligent and committed to the trend lines, you might actually profit from it. Of course you will probably give it all back in consolidation, but if you can find a good enough filter, it might work out. Anyway, just an idea of how semaphores might be used. For anyone unfamiliar, the semaphore indicator is the zigzag with a number that pops up to show highs and lows. Just as the zigzag constantly adjusts, so does the semaphore indicator.
Attached File(s)
File Type: ex4 LFX_Semafor.ex4   19 KB | 545 downloads
You cannot be extraordinary by being normal
  • #218
  • Mar 29, 2016 2:13am Mar 29, 2016 2:13am
15 min trade bit late in on candle two. Dangerous because against the tren, but got to end somewhere . Lets se how she goes?]]

Attached Image (click to enlarge)
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We're all just one trade away from humility.
  • #219
  • Mar 29, 2016 2:15am Mar 29, 2016 2:15am
Out as trade turned against me at breakeven +1

Just in time turned around and tanked. (Guess thats trading)
We're all just one trade away from humility.
  • #220
  • Mar 29, 2016 2:30am Mar 29, 2016 2:30am
Still trading the same way only thing ive changed is one or two indicators:-

Found a stable ADR indicator:-

Attachment
Attachment

Previous versions seemed to crash my MT4 on occassions. These seem more reliable.

Cheers Luxing
We're all just one trade away from humility.
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