{quote} Hi Laura. May I ask what your exit rationale was. Did you exit because price was breaking the lower channel? Or just time to clock off for the dayPrice was also around previous day's high - was that a factor also?
{quote} They are closing together -ie. momentum may be slowing. Don't be a slave to 50 lines etc, they are only a guide. Lines converging and price had already had one big up bar followed by a few smaller bars going no where momentum wise followed by a bigger down bar ( and your lines converging) - all show that price MIGHT be losing momentum. So why stay to find out when you can get out and maybe re-enter when momentum resumes? But you go your own way -I am simply stating what I see and how I would react.
{quote} Daily routine of gbpusd? good catch
{quote} Mr T makes an excellent point, which I want to expand upon. Although I said Daylight was more rules-based than Roadmap (which it is), there is still a lot to be gained from thinking in a Roadmap mindset. By that I mean seeing the overall picture and not basing the whole analysis on a single indication/indicator. As we progress, I will post more, and provide further examples, on how we can be flexible in our thinking and respond to what is unfolding, even if our indicators don't (yet) agree.
,closed partial lots......all that remains,Cheers!
