i am no expert but we should follow our friend (markup and markdown phase) and avoid the accumulation phase (ranging market)
in smaller TF, the accumulation/distribution phase look like a trend (thats actually a trap) and ppl jump in the opposite side of manipulators
we always read abt arguments the smaller TF is not profitable in long term, here is the reason why.
yes we can success with SnR, good indis, price action. but once Manipulators start pulling their moves, all of indis and PA will stop working

here the chart to show Manipulators activities in EU past few weeks. i believe this cycle is complete.
on Monday they will start the Accumulation phase again, thats why Mondays trading volume always low

markup is uptrend (buy) and markdown is downtrend (sell)
trend trading work best at higher timeframe, 4H and larger

not legal. only banks can trade forex
for invidual like us, should be no problem
create forex trading company and taking deposits is illegal

you are scalper if u use 1m
i use Daily TF to enter and exit

babypips.com or any basic forex books in MPH

learn abt indicators - MA, Stoch, MACD the best
charting - Renko, Range bars, Tick charts, Heiken Ashi
price action - candlestick patterns, SnR, fibo
market phase and smart money trading

thats more than enuff

u mean 3 level semaphor, here - http://codebase.mql4.com/2696
just b careful it repaint until the waves complete

try it with fibo sequence.. any of these number works
fast 5,8
slow 21,63

ive been paper trading it for a year
to date it produce 800+ pips in EU alone, 10 wins 0 loss

i enter at cross and exit at cross.. win or loss. as simple as that

not necessary but im planning to
coz i use Daily and once daily bar complete, i check everytime i woke up in d morning
sometimes u see the MA cross half way, but once bar complete they are not cross because of reversal

EU, GU and AU.. any pair that trending smoothly

have fun with it! for sure its not holy grail but its profitable in long run

Give that man a cigar for an excellent answer !!!

semaphor and elliot wave combo is holy grail

oh no.. holy grail doesnt exist

it doesnt have to be perfect winning system
win loss ratio 1:1 with risk reward 1:2 is okay

SnR, demand and supply, trend trading are proven good systems
price action is sometimes overrated. its better than lagging indi but not the best
from 2009 people fancy abt price action and volume spread analysis, its actually a new marketing stuff
i bet Nial Fuller open signal provider at zulutrade, let see if he is powerful as he claim

http://codebase.mql4.com/2696
EMA 5&8

where is 1, 2, 3 wave in ur chart?

ok i guess semafor doesnt work on MT5



This post has been edited by highlowyat: Nov 6 2013, 11:41 PM

i use default setting
it works best with 4h and above, sometimes i scalp 4H

for 5&8, you'll have your entry and exit earlier than 5&13. sometimes it produce a false signal(cross), but if semafor 3 is at resistance. u keep on selling and selling, and dont take the buy signal (vice versa for semafor 3 at support)
5&13 much slower but less false cross. 5&8 will give u early exit when trend reversal happen.
both have strength and weakness. choose which cross suit u the best

i use level 3 only as i can see it act as SnR/DnS/fractal/zigzag, but u can try different setting/approach
tell you my system is kinda boring but suit my trading style

i scalp at 4H but its actually not scalping like day trader
because i use Daily, any smaller timeframe is scalping
hold my position sometimes for a few days and close whenever i see level 3 appear at the opposite of my trade