xard777 wrote: Sat Feb 01, 2020 9:35 am Hey Everyone that follows this thread,

Can we all try the 2nd White Dot strategy during the months of February & March (as a habit usually takes about two months to form).
Then can you please give feedback on this thread - That includes you too Francis

I.E. Has your account improved... say 30% week on week, or month on month.
Is there more consistency in your trading (profit wise).
What speed bumps if any have you encountered along the way.

And last but not least how best can we expand on this strategy and still keep it simple.

Best trades would probably be...
(remember to check the ADR/HiLo in the INFO PANEL for a guesstimate on expected performance}.

HK50
DOW JONES
GBPAUD
GBPNZD
DAX
GBPJPY
XAUUSD

Also what works best for you 30min/5min trading in the same direction or 15min/5min or 5min/1min etc...

Kudos to those that try it out and may your god of Pip$ shine down on you with a bounty beyond your measure.
Xard777

Hello XARD, as per my first post (1160), I am working my way through all the posts but since I had spare time this week-end, fast forwarded to recent posts and came across this. Well, surprise, surprise, it seems my "stone age kindergarten strategy" may not be "old" after all!

The semafor has been central to my strategy for a good number of years and part of the reason why I am consistently profitable. I use 2 semafors, one to indicate the major swings and the standard one for minor swings. I use stochastics and macd to confirm, nay, add confidence, to pulling the trigger.

I wait for the major swing to be identified by large red and green balls and then wait for the first blue "2" ball, confirmed by my indicators, to enter my first trade. I then bank profits on the next red "2" ball and re-enter on the next blue "2" ball. Sometimes, I will counter trend trade the red "2" ball if the pair is really volatile. I then continue to "rinse and repeat" until a large red or green ball starts "flashing".

I have traded price action since my futures and commodities trading days and need to see "real" Japanese candles so I can understand price action. I tried to learn/understand Heineken Ashi candles but could not as, to me, the price action was hidden. I use price action to add on during the trend and enter and exit trades in conjunction with a semafor ball.

I live in Southern California (Pacific Coast time zone) so am not able to take advantage of trading after the "open" and can only trade the NY session. NY likes to counter trade the London trend and many times does "Stop Runs" so I have to quickly "get in the minds" of NY "big boy" traders. The NY over lap with London seems to be where all the action takes place and dies off after London close but after 2/3 hours, all the profits have been banked anyway.

I only trade GBP pairs as they have the most volatility and determine what the "big boys" are focusing on by measuring the London range of each pair.

I am sure your semafors and other indicators are way ahead of what I am using so I will download your latest stuff and run them in parallel with my "stone age kindergarten" strategy and report back if that is OK with you.

To answer your question though, "Trading off the 2nd dot ("2" blue ball) is VERY profitable.

Cheers,

Rob