xard777 wrote: Sat Apr 06, 2024 7:52 pm
Updated my charts slightly with an adjustment to the EMA and Candles display with the goal of simplifying the trading process.
Will let you know how I get on next week.
Xard777
Xard, big thanks. You reduced the system to Semafor and moving averages i think that most people here can't be successful just with that, if they are no professionals.
I prefer a moving average of about ema 60 so twice as fast as yours. A better version of an indicator who shows us where the big moves may be and the clear description how to use it would help most people here.
In sideways your moving average costs the traders half of the move, what happened to your oscillators, why do most of your indicators at the bottom change direction at nearly the same place? What about the rules for stop loss, take profit one and two?
Maybe we think about the different strategy on sideway markets often markets go up and down and you can trade that with big confidence also with your keltner channels or my atr-bands (see my older posts).
This is just a constructive opinion. I appreciate your work.
XARD:The Semafor highlights potential pivot points within the cycles and I use the EMA line to confirm these new moves. Yes, I changed the EMA from 50 to 100 (so basically now showing 30min EMA on my 15min charts). I am really interested in the main moves within each cycle and you tend to see that from the cross of the higher EMA. I do not require a great deal of Pip$ to create my daily goal, I simply only need to trim some of the meat off the bone. Using the cross of the EMA strategy allows me to stay out of the market and is suffice to complete my daily goals. Adding the House money from an earlier trade(s) allows me to increase my stake without any harm to my existing fund. For me, it is all about reducing risk while increasing wealth and doing it in the simplest possible way. From an intra-day trading strategy I can repeat this over and over again without too much analysis. Yes, I consider the news and if it is a pullback or main trend move. A lot of the time I close a trade that has way more Pip$ to go, but I am happy with hitting my goal and moving on. Rinse and repeat... this is the way. 
