Well mksmith31,
I wish good luck for you and your thread, if you need anything just tell me.
I wish good luck for you and your thread, if you need anything just tell me.
Semafor Trading 353 replies
EA for a 3_Level_ZZ_ Semafor / Trend Tool Combo 120 replies
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#4X 3 Semafor Alert HELP!!! 1 reply
DislikedIntesest system, your system is similiar to sonicR system in our forum, but you do not use dragon instead of ZZ indicator ..
Nice systemIgnored
DislikedIgnored
DislikedI have been using Semafor indikator for a long time and my congratulations on your wonderful thread. I tested your method yesterday and so far I have made 3 orders totalling 300 pips...Of course big news events have greatly exaggerated.
I would like to make one contribution that may help and that is with the addition of a MA100 line (red line in screenshot). I am taking only orders that agree with price action position with MA100 line. (over MA100 only buys. under MA100 only sells)
It may help keep you out of bad whipsaws and screwy reversals.
Evaluator.:nerd:...Ignored
DislikedHow you set your TP zone for +500 pips? Fibo levels ??
Picking trade in history chart is not a good way to take an example. Don't forget your indicator is repainted. I think your system is a intraday system, or even scalp system. You should wait to monday to provide some real live signal ( just for testing system, not for service )
Hope your system will be good . I'm using sonicR system and result is good, i believe your system have same one. Will test your system next week.
Sorry my bad english.Ignored
DislikedIt is similar to the 123 pattern. The idea is similar in that we are looking for a confirmation of a change in the trend. However, I have chosen to trade the engulfing candle that corresponds to the higher low or lower high. The classic 123 pattern will trigger a trade on a break of #2. So very similar but yet a bit different. Thanks for your consideration.Ignored
DislikedI have chosen to trade the engulfing candle that corresponds to the higher low or lower high.Ignored
DislikedDo you mean that if the candle next to the higher low/lower high isn't an engulfing, the setup is no longer valid even if the break occur on a later candle ?Ignored
DislikedI usually give it one or two candles before abandoning ship. If the next candle (after a low semafor) goes lower than the previous, the semafor will repaint, which sets up a new trade opportunity. If it doesn't break within 2 or 3 candles it normally means the market is A) ranging, or B) the semafor was created from a large candle (large candles show high volume, conviction of the market, so it makes taking a trade against them carry more risk)
Hope that makes sense.Ignored