Mustafa wrote: Sun Jan 03, 2021 9:25 pm
XARD! All sorts of things are appearing on the charts from nowhere!!! Could you Explain!!! Blue dots covered in red/blood, white dots red in the mid and above all, While I was away, a dragon fly was rambling through the signal lines on my chart..... I also found a honey comb below the panel..... In the indicator panel below the chart I found some fish and a turtle! You have a lot of explanations to do!
Guys Don't get me kicked out and blocked..... I earnestly am a bit light headed at the moment...
I think you should not put that much emphasis on the dots. I don't use myself the Semafor indicator, but I know it's a zigzag indicator. That means it can repaint. Your main focus should be the 36 MA. Below go low above go high. So if the Semafor indicator gives a green dot in blue, you wait for the price to go above the 36 MA before you enter I would say. The Semafor is a nice tool to point possible reversal/retracements. But again the indicator repaints. So wait for the 36 MA crossover. And if too many zigzag dots are near each other, you have a consolidation. So beter to wait till a breakout. But as you can't predict a consolidation, you might lose some money before you realize you entered a consolidation period. You will enter a trade and see it won't move much and the price makes another dot and again another dot. All close to each other. In this case, best thing to do is to trade on the lower timeframes like 5 min or 1 min.
The 9 MA on the other hand is useful to enter after a retracement in a trend. So if the price goes back above the 9 MA in a uptrend you should enter.
Correct me if I am wrong guys.
A healthy and happy 2021 with lots of pips to you all!
PS. Best advice that I can give is to keep it simple and use only the things that make sense to you or you feel comfortable trading with.