EURUSD Road Map (K.I.S.S System)

Hi all , welcome to my thread of EURUSD Road Map. Road map by the name of it means a possible guide for EURUSD movement and repetition patterns, this is a method developed by me based on trading experience, testing and some luck before been able to plot out the roadmap, in order to keep the road map to be relevant to the current market condition, it will be update regularly and come up with variation to the changes. There are rules to be followed for this to work and I am still testing on its success rate and building up its rules to validate or invalidate the setup. This thread is setup so people could review it, test the rules and setup,and eventually benefit them in their trading (if it really do work well).

My ideology in Trading - K.I.S.S
I always believe in making things simple and easy to understand , the easier it could be understood, the faster you could make your decisions on your trade. However, experience will definitely makes a difference in your end goal.


Objective of the thread ?
To create a full easy to follow road map and focus on only one currency. This will ignore our candle stick reading and other unnecessary indicator that could cause confusion.


Why single currency?
For a single currency, it allow thread contributors to post and review each other's method as it should be the same in terms of the view eventually.


Success rate?
I do not exactly having a clue on the success rate, thus creating this thread to test against the success rate and build it into a successful trading methodology for EURUSD.

Where is the road map then?
I will be posting the chart regularly and eventually put up the road map with required settings.



BUILDING THE ROAD MAP :

TimeFrame used : 15 Mins

Trading Platform : Any platform

Trade triggering : After London Open

Indicators : Nil , DRAWING TOOL IS NEEDED

Trade Validity : 1-2 day max (mostly intraday)

Stop loss : Based on Setup

Some useful MT4 Indicators (Please note the indicator are created by others and credit is given to where it is due):
- DOSR (Day open , Support , Resistance) :
- 5 Days SR :
- Trendline by Demark :

We do not have to use those indicator for our setup and neither will those indicator form the below setup as it is manual plotted system.

[EURUSD Road Map Version 1]

^ 10.00 is my broker time, it is not the same as london market open due to daytime saving. It is 3pm at my time [GMT + 8]

<this space will be filled up in the near future>


This is NOT
- A Holygrail to trading ,it only give us additional probability to our trade
- For news trade (yet to testify during news event)
- For everything that is not stated

Do subscribe to the thread for updates.

Based on our system, We will take a short at current 1.1314 on EU.

Will review again if we were right.

A good call Mr 100Dollar, I look forward to reviewing you roadmap with interest.

Cheers,

Alan

Thanks Alan, Definitely. Will post by tomorrow with review on this trade and the methodology, meanwhile highlighting the possible risk. Thanks for visiting!

You're welcome. have a good evening and catch you tomorrow. It really was a cracking trade entry, nearly 50 points up now, very impressive.

Cheers,

Alan

looking forward to the updated. hope that you can also share the system with some examples thanks.

This is the trade setup for 08th Oct (with FOMC news that cause a spike up before the dip)

Setup for 09th Oct . Explanation attached in chart.

Do note that for drawing the Channel, we ignore spikes by news.
At current price, it is testing our orange line (3rd circle), which could serve as a pressure to the upside. A short is also not recommended on our current setup as it is in our strong trending. At this current point of price, we would prefer to close our trade by now as it is more of an intraday trade.

Feel free to try it out and discuss about anything regarding on this EURUSD Road Map .

EURUSD at current price 1.1369 has tested our other side of the orange line on our Road Map, indicate a strong resistance and a short would be trigger here and protect trade at 1.1400

have attached some useful indicators for MT4 at the starter thread. Feel free to use download it.

hi！

The starter threa Indicators is not the same as in the picture.
Is there a more detailed introduction?

Good day!
mhz

if you can including the guidance from H1 and H4, that will be a good for increasing probability. e.g. only go long is H1 indicating up trends.

Thanks, 100dollar, for your indeavors and sharing your thoughts.

I have found a couple of enlightments for myself. Thanks.

Best,
D.P.

Hi Mhz, there is not a need for indicator as it has to be plot by drawing tool tats all.( thus you can trade this system on any platform) . The indicator attached are for additional help which provides some additional support and resistance to it. More like an extra kinda thing.

It is good to have a higher time frame to support the 'trends', however, the system shld be suficient to captured the movement based on the time period of 15min chart and sufficient for the day trading basis .by using a higher time frame such as the case on 9th oct, it would then shows a support in orange trend line, which would means by the time u see it, it would only play out in few days later.
This would ultimately what keeps the philosophy of keep it simple .

Hi D.P , great to hear from the community that someone benefits from wha I have shared here. it would be even better if you could highlight some of the enlightenment or suggestion based on your old method to what i have come up with to better improve this current system and benefit the other followers.

best regards,
100

From our road map, we managed to capture today both upward and the downward slide based on the weak trend it has formed. (Refer to stater thread map) price has now fallen to the base . Would only be able to upload the chart much later date as i am away from town. It would be good if someone could try plotting it out to have some pratice in this system if one find it to be useful

EU rejected from based and rebounced before the weak uptrend shown earlier on in the day.

Yes, no impulse today, could be a good asian session later , who knows.

Distribution seems to have happened today.
Doji star is to be formed.

Best
D.P.