Menu
Sister Sites

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

Attachments: Roadmap - A Way To Read Markets
Exit Attachments

Roadmap - A Way To Read Markets

As an aside -if you miss a down move - you might get the bounce within Roadmap channel off levels ( dotted line is round number)
There's more to it but it is an idea to watch out for or build upon.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY_2023-05-22_12-38-14_7113e.png Size: 175 KB
every Saint has a past. Every Sinner has a Future
Choppy day today in the markets
Attached Image (click to enlarge)
Click to Enlarge Name: FTMO MetaTrader 4.png Size: 42 KB

....GRAZIE LAURA T. stasera la cena è stata molto buona...
EURUSD slightly late entering, i waited for a touch of the upper EMA
It ended well
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 18 KB
Quoting mckeep
EURUSD slightly late entering, i waited for a touch of the upper EMA It ended well {image}
Well done.
buongiorno a tutti allego indicatore x mt4 che segue il prezzo sul grafico indicando spread , tempo alla chiusura della candela e profit
Attached File(s)
File Type: ex4 Show Pips.ex4   18 KB | 143 downloads
lo vedete sul mio post precedente
Two longs from the 15 minute time frame shown on the 5 minute execution chart
EDIT: Add 15 minute chart
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY_2023-05-24_09-07-38_54645.png Size: 134 KB
Click to Enlarge Name: EURJPY_2023-05-24_09-10-38_ffb67.png Size: 164 KB
every Saint has a past. Every Sinner has a Future
Great shorts on dax after yesterdays drift.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GER40_2023-05-24_09-13-23_d40fb.png Size: 131 KB
Click to Enlarge Name: GER40_2023-05-24_09-16-25_a7e4f.png Size: 125 KB
every Saint has a past. Every Sinner has a Future
USDJPY Long on this one Although 200SMA is flat, let's see how it pans out
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM5.png Size: 20 KB
I finished my second iteration of the 15m exercise...

20 trades
-50% win rate
-Profit factor: 2.2

Better results than last time!
Quoting mckeep
USDJPY Long on this one Although 200SMA is flat, let's see how it pans out {image}
what do you see that compensated for the flat SMA?
Quoting ianhjulberg
I finished my second iteration of the 15m exercise... 20 trades -50% win rate -Profit factor: 2.2 Better results than last time!
Well done.

I now need you to spend a bit of time carefully analyzing each chart with your entry and exit marked. I don't need to see them, but I want you to evaluate each trade and note down anything that now seems sub-optimal in hindsight. Check to see if any 'mistakes' were repeated over the sample - even if not, post your thoughts on the analysis and I'll work out what's next for you.
Quoting mckeep
USDJPY Long on this one Although 200SMA is flat, let's see how it pans out {image}
I see far too many reasons not to take a long trade.
Quoting LauraT
{quote} Well done. I now need you to spend a bit of time carefully analyzing each chart with your entry and exit marked. I don't need to see them, but I want you to evaluate each trade and note down anything that now seems sub-optimal in hindsight. Check to see if any 'mistakes' were repeated over the sample - even if not, post your thoughts on the analysis and I'll work out what's next for you.
Ok
Will report back
Quoting LauraT
{quote} what do you see that compensated for the flat SMA?
Sorry i don't understand your question
I think one issue was that I would take trades where even though a bar would close on the "right" side of the 15m channel, the 15m channel was on the opposite/wrong side of the 200sma in relation to the direction I was trading, and price would often bounce off the sma.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM1.png Size: 31 KB

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM15.png Size: 32 KB


Another issue was trading when volatility was low. This would cause situations where one bar would close outside of the channel and then one bar would close back inside the channel, and so on. This exercise seems to work better during high volatility.

Another observation was that this exercise worked better for me during US Session. That may be due to higher volatility during US Session?

And, of course, overtrading is an issue that I am working on.

Those are a few initial thoughts.
Quoting ianhjulberg
I think one issue was that I would take trades where even though a bar would close on the "right" side of the 15m channel, the 15m channel was on the opposite/wrong side of the 200sma in relation to the direction I was trading, and price would often bounce off the sma. {image} {image} Another issue was trading when volatility was low. This would cause situations where one bar would close outside of the channel and then one bar would close back inside the channel, and so on. This exercise seems to work better during high volatility. Another observation...
Well done for your persistence and willingness to learn and grow. Its inspiring

Keep up the good work
Quoting ianhjulberg
I think one issue was that I would take trades where even though a bar would close on the "right" side of the 15m channel, the 15m channel was on the opposite/wrong side of the 200sma in relation to the direction I was trading, and price would often bounce off the sma. {image} {image} Another issue was trading when volatility was low. This would cause situations where one bar would close outside of the channel and then one bar would close back inside the channel, and so on. This exercise seems to work better during high volatility. Another observation...
Hey man
You chose a very difficult instrument to trade.
trade safe
Quoting mckeep
{quote} Sorry i don't understand your question
When SMA is flat, it should heighten the requirement for other elements to be perfectly set up. I'm curious what those were for you.
0 traders viewing now