tradersanbrokers wrote: ↑
Sat May 22, 2021 4:49 pm
for the chart really helps a lot, just that cant really get to know the 2nd dot can you
show a few 2nd dot chart entries please as that would help.
Is the 2nd dot always after the big square semafor or is the second dot after the big round and square semafor ?
If you can make 2, 2nd dots on the chart that would be very good please.
Ans so we wait for the pink and blue triangle or nto required always ? also the exit is it always at the next small dot ?
or we can wait and see what proce is doing really.
Also these crosses which happen are they only to be entered after big semafors or also we can enter on the small semofors an crosses of prce or NO ?
This would help a lot of us guys here thanks again gamerredd an all of you who are so very helpful.
OK I am going to try and answer your questions as best as I can. (Pls note that I am not an expert on this system and I have been trading it for about 6 months so I could be wrong)
Here are some 2nd dot entries on US500 15m chart.
From my experience I have found that a 2nd dot can be after the square semafor and also the perimeter dot (big round dot). The triangles really help in connecting the dots so I would suggest you try them.
With regards to exiting, I normally have a fixed amount of pips that I target per trade that works for me. You can use the ADR percentage levels as exit targets (38% or 61%). I would suggest you backtest and see what exit strategies work for you as well. Just remember to be realistic when setting exit targets. Dont try to catch 500 pips per trade or let a good trade go bad because you didn't take profit thinking the trade would run for another 150 pips. I have found that small consistent gains adds up over time. But again that's just from personal experience.
I hope that helps.
All the best.