DislikedDaily high and low not appear on my chart which indicator responsible in this?Ignored
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
DislikedDaily high and low not appear on my chart which indicator responsible in this?Ignored
DislikedHi LauraT, Great Thread! This looks like a great buy but not all is green for the SMA signal, Is that ok? {image}Ignored
Disliked{quote} I was of the understanding that the bar had to close outside the channel, although I saw on your examples yesterday that this is not the case. If this is not the case, what is the point of the channel? How could you be sure the price here wasn't going to go up? We can't see the 200 SMA. I know the composite RSI was below 50 but I can't install that anyway, nor the MTF 200 thingy in the corner. My guess would have been a buy trade. Other peoples' winning trades always look easy, until I try it for myself.Ignored
Disliked{quote} Hi Laura, May I ask why the entry and stop lines for the still ongoing part of the trade are not visible on your chart?Ignored
DislikedSome trades USDJPY Long Loss USDCHF Long Win AUDUSD Short Win GBPAUD Long Win {image} {image} {image} {image}Ignored
DislikedHello LauraT. Nice strategy you are sharing here, thank you. I have been profitable in high TFs but I have been looking for some intraday strategy easy to implement but solid at the same time. Yours looks like it might tick all the boxes Could you share more information about trade management please? Also, do you think this couple of trades I'm posting would be correct. Although the main entry would have been over the Asia session and already in profit at this moment in time, a retest on yesterday's low looked right enough. Just a bit wary...Ignored
DislikedThis is a pending sell trade AUDCAD D1. Unlike my first trade, this might be more compliant with the rules. I think the chart is an example of a failed channel break. Have I got this right. If not, the pending order may not be filled {image}Ignored
DislikedA few of you have already mentioned these kind of setups but I'll post this for those who haven't. This is an example of yesterday's low acting as turncoat resistance. Once I saw it unfolding I got short (and yes, well spotted if you notice my entry was less than perfect haha). {image} So, we now have 3 types of entries in our toolbox. Channel entries, channel failures and now previous day high/low acting as turncoat resistance/support.Ignored
Disliked{quote} Thanks Laura - can I ask how you are finding entries? Are you simply eyeballing a multitude of different instruments/different timeframes or do you have alerts giving you the heads up when to pay attention to something? (btw I don't have MT4 so am cobbling together my own "roadmap" )Ignored
Disliked{quote} Hi - thanks for the kind words Your trades are valid. Price might want to have a push toward the SMA and/or daily open line but the concept of using the previous day low as turncoat resistance is a good one. Good luck! I will be covering both trade management and money management, hopefully at some length. When I started the thread I envisaged it'd be a slow burner and I'd have lots of free time to write a structured step-by-step. I was quite unprepared for how popular it has become. But we'll get there - stay tunedIgnored
Disliked{quote} You couldn't see the SMA because price was well below it. The point of the channel is many-fold. Post 1 explains "How could you be sure price here wasn't going to go up?" - I couldn't. That's trading. We never know in advance whether an individual trade will be a winner or loser. We just try to stack probability in our favour.Ignored