...semafors are not entry signals. there is still a red background and the MA's have not been crossed (still blue). Also, even if it did/does cross the MA's, that would be a rather large stop loss. I would not be interested.Forexlearner wrote: Tue Feb 21, 2023 3:44 am to me it seems everything still points up on that pic. You're still supposed to wait for a sell signal from the other indicators. Following semaphores like that is going to get you steam rolled often. My opinion anyway
Edit: I was looking at your larger Ma's regarding the cross. If you're going to use a higher MA period as a trend bias, don't trade against it. If you feel that too many good trades pass by while following that rule, consider lowering the period or study other indicators that help find the bias.
The daily open line is right there as well, so not a lot of room. Would expect a pull back from that level