Dear Xard,xard777 wrote: Wed Feb 05, 2020 12:39 pm Just realised that I do not have the auto refresh on (set to refresh every 5 mins).
Will add it in later and post the setup.
Xard777
Here you are.Oswald wrote: Fri Feb 07, 2020 2:43 pm
Hello Stond,
Could you please redirect me to where i can find the indi showing trend on other TF ? Or maybe could you share it? It may help
Thank you.
Regards.
Fabulous system I usually combine it with my usual analysis system that is the Market Profile with very good results.xard777 wrote: Wed Feb 05, 2020 10:58 am In a nutshell - we want to trade from 30 min Red Semafor to 30 min Green Semafor to 30 min Red Semafor Ad Infinitum.
However, our Semafors have a tendency to recalc so a way around this is to use the 2nd White Dot to confirm the possibility that the current Semafor will no longer recalc and we can therefore make our trade to the next Green/Red Semafor with impunity. The problem that exists is that the 2nd White Dot can also recalc, it may not even turn up on the 1min chart and sometimes not even on the 5min chart and sometimes not even on the 15 min chart. That's sometimes, in most cases it will appear on one or two TFs below the 30 min and allow us to commit a trade towards the next Semafor on the 30 min TF (Woohoo kerching).
I got temporarily bogged down looking for a retracement of the 2nd White Dot towards the 61% and 78% zone level and missed out of some golden opportunities. It turns out that the 2nd white Dot can appear at as little as the 30% retracement level and hold the line then reverse and continue on the main trend.
The problem here is if we then enter at this level only to see price retrace back to 61% (or even 99%) can be a lot to swallow on the negative side - a position that none of us want to be in. I am finding that the 5min chart is giving us our best 2nd White Dot from which to trade toward our 30 Min Semafor. Hence, the 30 min & 5 min charts on my trading screen.
Hopefully other traders will see this and perhaps we can have a workaround for any inconsistencies along the way.
All the best
Xard777
PS Here is what the latest setup will look like...
Here we have the 30 Min chart showing 5 min White Dots, 15 min Blue Dots and 30 min Semafor Red Dots (Red Dots will cover up both white & blue Dots on the chart).
The 15 Min blue Dots are same as 5 min white Dots but showing on the 15 min TF - so in theory you are looking for the Highest/Lowest white or blue 2nd Dot from which to trade to the next Red Dot
This way you can simply stay on the 30 min chart at all times and get to trade the smaller TF 2nd Dots (be it 5 min or 15 min).
THIS IS HOW I WOULD TRADE THIS SETUP
I was in this move since yesterday, but on SELL dots. It got momentum quite slowly, got out earlier today as I was cautious that this move might be a pullback on a bigger timeframe. Later could have been OK, too as the market din't really like the mixed employment figures... still booked an acceptable profit.xard777 wrote: Sat Feb 08, 2020 12:39 am Here is a 30 Min chart of HK50 showing BUY entries on the 5 min Dots.
Xard777
xard777 wrote: Sat Feb 08, 2020 2:17 am With the new setup the Red/Green Semafor on the 5min chart will now match the Red/Green Semafor on the 30 min chart
The Smaller Dots on the 5min chart will match the Red/Green smaller Dots on the 30 min chart.
This will allow you trade the 5 min Dots in the direction of the larger 30 min Semafor on both Time frames.
Xard777
He said he will post over the weekend.Blueman wrote: Sat Feb 08, 2020 2:42 am
Hello XARD,
Where can I find the red/green Semafor indicator that you have on your screen?
Thanks