• Home
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • User/Email: Password:
  • 6:32am
Menu
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • 6:32am
Sister Sites
  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Software tools for LauraT's Roadmap 167 replies

Forex Brokerage Roadmap 4 replies

Best way to read all of someone's posts? 3 replies

Simple way to read chart 11 replies

  • Trading Systems
  • /
  • Reply to Thread
  • Subscribe
  • 3,001
Attachments: Roadmap - A Way To Read Markets
Exit Attachments
Tags: Roadmap - A Way To Read Markets
Cancel

Roadmap - A Way To Read Markets

  • Last Post
  •  
  • 1 1819Page 202122 279
  • 1 Page 20 279
  •  
  • Post #381
  • Quote
  • Apr 23, 2020 3:58am Apr 23, 2020 3:58am
  •  jacktrader1
  • | Joined May 2012 | Status: Member | 155 Posts
Attached Image (click to enlarge)
Click to Enlarge

Name: Screenshot2.png
Size: 60 KB


EU, +22pips . exit at previous day low.
 
2
  • Post #382
  • Quote
  • Apr 23, 2020 4:01am Apr 23, 2020 4:01am
  •  LauraT
  • Joined Apr 2020 | Status: Daylight Roadmapper | 1,351 Posts
Quoting mUrfo
Disliked
Took a short on the FTSE.. Open to criticism.. {image}
Ignored
Looks good
 
 
  • Post #383
  • Quote
  • Apr 23, 2020 4:01am Apr 23, 2020 4:01am
  •  LauraT
  • Joined Apr 2020 | Status: Daylight Roadmapper | 1,351 Posts
Quoting jacktrader1
Disliked
{image} EU, +22pips . exit at previous day low.
Ignored
Nice trading, well done
 
 
  • Post #384
  • Quote
  • Apr 23, 2020 4:08am Apr 23, 2020 4:08am
  •  whitesta
  • Joined Aug 2018 | Status: Member | 421 Posts
Hi All,

Nice Gold Trade. Quick profit. SMA acted as a good support. As soon as price went past the Daily Open with good momentum the trade was entered. Didn't take long to reach the Daily High. Nice and safe.

Regards
Attached Image (click to enlarge)
Click to Enlarge

Name: XAUUSDM5.png
Size: 41 KB
 
5
  • Post #385
  • Quote
  • Apr 23, 2020 4:16am Apr 23, 2020 4:16am
  •  LauraT
  • Joined Apr 2020 | Status: Daylight Roadmapper | 1,351 Posts
Quoting whitesta
Disliked
Hi All, Nice Gold Trade. Quick profit. SMA acted as a good support. As soon as price went past the Daily Open with good momentum the trade was entered. Didn't take long to reach the Daily High. Nice and safe. Regards {image}
Ignored
Good one - those kisses of the SMA are lovely
 
1
  • Post #386
  • Quote
  • Apr 23, 2020 4:20am Apr 23, 2020 4:20am
  •  FlyingCat
  • | Joined Jul 2014 | Status: Member | 40 Posts
-44 pips on my CADJPY short.

Lesson learned: I put my SL way too conservative, price already return almost to my entry price. Should give it much more breathing space to the trade (even though I can't monitor it that much).

Attached Image (click to enlarge)
Click to Enlarge

Name: Screen Shot 2020-04-23 at 10.17.50.png
Size: 56 KB
 
1
  • Post #387
  • Quote
  • Apr 23, 2020 4:29am Apr 23, 2020 4:29am
  •  Loftboy
  • | Joined Jan 2010 | Status: Member | 233 Posts
Quoting LauraT
Disliked
{quote} It could be that you need to remove a few existing indicators. Try temporarily moving a batch out of your indicators folder and then refreshing your navigator window.
Ignored
Once again, you have gone above and beyond. This might be a good idea as I seem to have 100s for some reason. I'll give it a try.
All you touch and all you see, is all your life will ever be.
 
 
  • Post #388
  • Quote
  • Apr 23, 2020 4:32am Apr 23, 2020 4:32am
  •  Loftboy
  • | Joined Jan 2010 | Status: Member | 233 Posts
Quoting Hammertop
Disliked
{quote} Just suggesting in case you changed the installation path during the MT4 setup, as that will still create its own folder for the indicators. To make sure which is the correct one you can click File>Open Data folder.
Ignored
All you touch and all you see, is all your life will ever be.
 
 
  • Post #389
  • Quote
  • Apr 23, 2020 4:34am Apr 23, 2020 4:34am
  •  LauraT
  • Joined Apr 2020 | Status: Daylight Roadmapper | 1,351 Posts
Quoting FlyingCat
Disliked
-44 pips on my CADJPY short. Lesson learned: I put my SL way too conservative, price already return almost to my entry price. Should give it much more breathing space to the trade (even though I can't monitor it that much). {image}
Ignored
It happens. Couple of things though, firstly try to get slightly better entry prices than you did. On those higher timeframes, managing to get in a little further up the channel can make a big difference. Secondly, as you identified, the trade is still valid despite you being stopped out. It would require the channel to fully get above the SMA to invalidate your trade.

Trading longer timeframes will allow for bigger gains than are likely on the lower timeframes but the losses will be bigger too. I think I'm correct in recalling that your last trade was a 130 pip winner though so it's still a solid start
 
2
  • Post #390
  • Quote
  • Apr 23, 2020 4:40am Apr 23, 2020 4:40am
  •  LauraT
  • Joined Apr 2020 | Status: Daylight Roadmapper | 1,351 Posts
Attached Image (click to enlarge)
Click to Enlarge

Name: GOLD-sbM1.png
Size: 56 KB


Just a quick Gold chart to demonstrate something. Notice how it broke yesterday's high at the 3rd or 4th attempt. This is a bullish sign.

It's possible it could come back to yesterday's high for a re-test but it could just as easily sky-rocket.
 
2
  • Post #391
  • Quote
  • Apr 23, 2020 4:59am Apr 23, 2020 4:59am
  •  james.trades
  • | Joined Nov 2018 | Status: Member | 68 Posts
Would the day low stop you guys from entering this? Just trying to gauge opinion.
Attached Image (click to enlarge)
Click to Enlarge

Name: EC.png
Size: 108 KB
 
 
  • Post #392
  • Quote
  • Apr 23, 2020 5:02am Apr 23, 2020 5:02am
  •  Erebus
  • Joined Jul 2011 | Status: Member | 7,097 Posts
Quoting Hammertop
Disliked
{quote} Just suggesting in case you changed the installation path during the MT4 setup, as that will still create its own folder for the indicators. To make sure which is the correct one you can click File>Open Data folder.
Ignored
And the fix for that, always install as Portable Mode

Inserted Video
Maximize wins, minimize loss, stay in the game as long as you can
DAILY REVERSAL Return This Month: 1.9%
 
1
  • Post #393
  • Quote
  • Apr 23, 2020 5:15am Apr 23, 2020 5:15am
  •  Patje
  • Joined Dec 2017 | Status: Member | 822 Posts
Quoting james.trades
Disliked
Would the day low stop you guys from entering this? Just trying to gauge opinion. {image}
Ignored
it would me, there are so many setups during the day why this one? look at the spread too ... ugly
 
 
  • Post #394
  • Quote
  • Apr 23, 2020 5:29am Apr 23, 2020 5:29am
  •  Outsocks
  • | Joined Oct 2019 | Status: Member | 26 Posts
Just made my first EURUSD scalp using your method LauraT. Must admit, it makes screening the market much more easier on the eyes for me. Will continue following this thread. Thanks for your input!
Attached Image (click to enlarge)
Click to Enlarge

Name: EURUSDM1.png
Size: 78 KB
 
1
  • Post #395
  • Quote
  • Apr 23, 2020 5:29am Apr 23, 2020 5:29am
  •  jackwei94
  • | Joined Apr 2020 | Status: Member | 5 Posts
Hello Laura,

This thread is so interested and got me hooked on and subscribed.
Been try out the strategy, are those yellow-pointed a valid entry point for short? By the time, only M30 is green; M1-15 is red and it below 50 RSI (ignore the purple line)... It still not far from the SMA200 and it touched the upper band and got lose in these entry point I made(Triggered SL in yellow box). No worry, it just a demo account.

And did you put on SL and TP? And, actually I still not sure when to get out of the trade. Much appreciate if you able to give some advice...

Regard, Jackwei
Attached Image (click to enlarge)
Click to Enlarge

Name: Screenshot5.png
Size: 89 KB
 
1
  • Post #396
  • Quote
  • Apr 23, 2020 5:37am Apr 23, 2020 5:37am
  •  SidneyMagal
  • | Joined Feb 2020 | Status: Member | 189 Posts
Greetings all, Im currently looking at NZDUSD on 15m, If im understanding correctly there may be an entrance here shortly if the channel stays above the 200ema and we get a nice opportunity towards the bottom of the channel. For this pair, again this is just what ive understood so far, the ADR hi and low wont really matter at the moment because it has a lot of range to play for, but I was unable to download and of the files except the compositeRSI, im not very techy, but when I try it just opens up another internetexplorer window and doesn't give me any option what to do with. I don't know if anybody has the time to help me with that?

But anyway for the time being ive drawn them all manually including yesterday high and low, not to difficult, but doing it on every chart and keeping them updated could become time consuming.
Attached Image (click to enlarge)
Click to Enlarge

Name: Screenshot1.png
Size: 16 KB
 
 
  • Post #397
  • Quote
  • Apr 23, 2020 5:37am Apr 23, 2020 5:37am
  •  mUrfo
  • | Joined Jul 2019 | Status: Member | 50 Posts
DAX shaping up for a long
Attached Image (click to enlarge)
Click to Enlarge

Name: Screenshot1.png
Size: 89 KB
 
 
  • Post #398
  • Quote
  • Apr 23, 2020 5:41am Apr 23, 2020 5:41am
  •  LauraT
  • Joined Apr 2020 | Status: Daylight Roadmapper | 1,351 Posts
Quoting jergijselaar
Disliked
Just made my first EURUSD scalp using your method LauraT. Must admit, it makes screening the market much more easier on the eyes for me. Will continue following this thread. Thanks for your input! {image}
Ignored
Well done
 
1
  • Post #399
  • Quote
  • Apr 23, 2020 5:42am Apr 23, 2020 5:42am
  •  james.trades
  • | Joined Nov 2018 | Status: Member | 68 Posts
Quoting mUrfo
Disliked
DAX shaping up for a long {image}
Ignored
RSI isn't great for a long mate.
 
 
  • Post #400
  • Quote
  • Apr 23, 2020 5:47am Apr 23, 2020 5:47am
  •  LauraT
  • Joined Apr 2020 | Status: Daylight Roadmapper | 1,351 Posts
Quoting jackwei94
Disliked
Hello Laura, This thread is so interested and got me hooked on and subscribed. Been try out the strategy, are those yellow-pointed a valid entry point for short? By the time, only M30 is green; M1-15 is red and it below 50 RSI (ignore the purple line)... It still not far from the SMA200 and it touched the upper band and got lose in these entry point I made(Triggered SL in yellow box). No worry, it just a demo account. And did you put on SL and TP? And, actually I still not sure when to get out of the trade. Much appreciate if you able to give some...
Ignored
Hi there - thanks for the kind words

Those are valid entry points, yes. Trades like that aren't invalidated until the channel fully crosses the SMA, so your stop loss at the SMA would be a bit tight.

I wouldn't advise trading EURGBP on 1m timeframe though. The ADR is far too low to make it viable.

Getting out of the trade has to come down to your own judgement, based on what you want to achieve from the trade. Either exiting at a logical horizontal line or aiming for a certain number of pips or monetary gain.

I will be writing about trade management at the weekend though.

Hope this helps.
 
1
  • Trading Systems
  • /
  • Roadmap - A Way To Read Markets
  • Reply to Thread
    • 1 1819Page 202122 279
    • 1 Page 20 279
1 trader viewing now
  • More
Top of Page
  • Facebook
  • Twitter
About FF
  • Mission
  • Products
  • User Guide
  • Media Kit
  • Blog
  • Contact
FF Products
  • Forums
  • Trades
  • Calendar
  • News
  • Market
  • Brokers
  • Trade Explorer
FF Website
  • Homepage
  • Search
  • Members
  • Report a Bug
Follow FF
  • Facebook
  • Twitter

FF Sister Sites:

  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Forex Factory® is a brand of Fair Economy, Inc.

Terms of Service / ©2023