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- LauraT replied Feb 26, 2021
Sorry, forgot to answer first part. What kept me in was market structure. After the overnight high, I was ready to fade any rises underneath that level. Zoomed out chart below with relevant trendlines.
Roadmap - A Way To Read Markets
- LauraT replied Feb 26, 2021
Please read my journal post on Advanced/Aggressive entries. Once you reach a certain level of proficiency with roadmap, you don't have to be guided by the SMA200.
Roadmap - A Way To Read Markets
- LauraT replied Feb 26, 2021
Today was a good day to be a bear. Over 1700 points banked across various instruments. Selection below.
Roadmap - A Way To Read Markets
- LauraT replied Feb 25, 2021
Hi, Apologies - just seen your post. I mainly trade indices/oil/gold these days so I'm a little out of practice when it comes to finding forex opportunities. However, you could use Hanover's dashboard to alert you to opportunities or you could just ...
Roadmap - A Way To Read Markets
- LauraT replied Feb 23, 2021
It can be a problem, especially if you're only trading forex. But definitely should be more than 1 or 2 opportunities a day so perhaps you do need to revisit your selection process.
Roadmap - A Way To Read Markets
- LauraT replied Feb 23, 2021
Hi - glad you're making progress. In terms of the WTI long, it was technically okay but a couple of things to bear in mind: Look at the SMA200 prior to your entry - very sideways. That tells me that there was no clear direction established yet. What ...
Roadmap - A Way To Read Markets
- LauraT replied Feb 22, 2021
Nothing particularly wrong with the trade. One thing to be aware of though - Friday's Low was in the vicinity. Although price had already broken the level earlier in the Asian session, I generally prefer to avoid selling under it or around it.
Roadmap - A Way To Read Markets
- LauraT replied Feb 9, 2021
I think this might be the one you're looking for: url
Roadmap - A Way To Read Markets
- LauraT replied Feb 8, 2021
No - you definitely don't want to take a trade when price action is like that.
Roadmap - A Way To Read Markets
- LauraT replied Feb 7, 2021
Hi Laura - lovely name indeed
Roadmap - A Way To Read MarketsThat's a great start! Now that you've done the technical side of the trading plan, look on my journal for the other things I recommend including. If you do that, you'll end up with constant feedback on your trading ...
- LauraT replied Feb 5, 2021
Unfortunately you'll have to do without MTF in backtesting. When backtesting channel crosses, for example, I would begin by purely testing with the channel and SMA (either bar by bar in your trading platform or using something like FXBlue). That ...
Roadmap - A Way To Read Markets
- LauraT replied Feb 3, 2021
Hi, The TrendBand indicator bottom right makes the other two obsolete, so you can remove those
Roadmap - A Way To Read MarketsIf that doesn't clear them, you can do so via the Object menu. If still struggling, post screenshots of your loaded indicators list please.
- LauraT replied Feb 2, 2021
Hi, Use the Indalico one - you don't need the others. The one on the bottom right probably got 'stuck' somehow and is giving wrong readings. The one on the top right is actually giving the same readings as the Indalico one, it's just listed in ...
Roadmap - A Way To Read Markets
- LauraT replied Jan 28, 2021
Usually the last hour is good, sometimes only the last 15 minutes. Yesterday was a different case as FOMC decision was at 7pm UK time.
Roadmap - A Way To Read Markets
- LauraT replied Jan 27, 2021
Dow was in a giving mood this evening. Took 327 points.
Roadmap - A Way To Read Markets
- LauraT replied Jan 24, 2021
Updated Journal Post: Trading Reversals url
Roadmap - A Way To Read Markets
- LauraT replied Jan 24, 2021
Section 17 - Trading Reversals It's been a while! In addition to Roadmap, I've discovered a framework that is useful for identifying potential reversal points. I'm happy to share this with you today. The idea came about when I noticed that, rather ...
Just A Journal
- LauraT replied Jan 14, 2021
What happened? I sent you a private message earlier btw.
Roadmap - A Way To Read Markets
- LauraT replied Jan 14, 2021
That's a very ugly chart
Roadmap - A Way To Read MarketsBetter to find opportunities that jump out at you because they are already choosing a direction. Also, wouldn't advise trading currencies on 1m timeframe as rewards will be severely limited and there is more 'noise'.
- LauraT replied Jan 13, 2021
Although I can see why you took the shorts that ended in losses, keep in mind that you were selling into bullish momentum. The long wasn't anything done wrong, just a market that ran out of steam.
Roadmap - A Way To Read Markets