Roadmap - A Way To Read Markets | Page 25 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Software tools for LauraT's Roadmap 169 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

  • #481
  • Edited 1:19am Apr 24, 2020 12:53am | Edited 1:19am
EU short. Closed half.

EDIT: Closed after it crossed below yLow.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2020-04-24_1121.png Size: 51 KB
Click to Enlarge Name: 2020-04-24_1147.png Size: 52 KB
  • #482
  • Apr 24, 2020 1:26am Apr 24, 2020 1:26am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 62 KB


gold.target at dayHi level
  • #483
  • Apr 24, 2020 1:36am Apr 24, 2020 1:36am
channel break on oil
Attached Image (click to enlarge)
Click to Enlarge Name: oil.jpg Size: 215 KB
  • #484
  • Apr 24, 2020 1:41am Apr 24, 2020 1:41am
What if the MTF all green and the rsi is about 70++, but the channel still below the SMA200 (As the screenshot).

Was thinking that:
Should I go long immediately? or
go long right after both EMA8 go beyond the SMA200? or
go long after the channel beyond SMA200, and wait for the bar to touch the bottom band?

Thank in advance..
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 109 KB
  • #485
  • Apr 24, 2020 1:47am Apr 24, 2020 1:47am
Quoting tradeChaser
I am loving how this is developing! is there anyway we can create a poll to see where this is being applied? I am seeing a large majority of index trading, and I am curious if that is the best fit or people following suit. awesome stuff!
It probably depends upon what people are used to trading. Some seem to favour currencies and others prefer indices.
  • #486
  • Apr 24, 2020 1:49am Apr 24, 2020 1:49am
Quoting MarkStep
{quote} It is either going to be away from the mean or back to the mean. Which has the best seat in the house?
That's trading huh Price will either go up or down haha.
  • #487
  • Apr 24, 2020 1:50am Apr 24, 2020 1:50am
Quoting Baymax07
EU short. Closed half. EDIT: Closed after it crossed below yLow. {image} {image}
Fantastic. Taking half off and then closing at logical place.
  • #488
  • Apr 24, 2020 2:17am Apr 24, 2020 2:17am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 42 KB


GU tp. 20pips
  • #489
  • Apr 24, 2020 2:39am Apr 24, 2020 2:39am
has anyone sold EURCAD? If so why? as the EURCAD has reached daily low. I was debating about selling but decided not to as price was far from the 200 SMA.

Any info on why you shorted it would be useful.

Thanks
  • #490
  • Apr 24, 2020 2:44am Apr 24, 2020 2:44am
Quoting optitrader
has anyone sold EURCAD? If so why? as the EURCAD has reached daily low. I was debating about selling but decided not to as price was far from the 200 SMA. Any info on why you shorted it would be useful. Thanks
i would probably sell it if price goes a lil higher and reject from yesterday low. giving myself a tight SL to go for adr low.
  • #491
  • Apr 24, 2020 2:45am Apr 24, 2020 2:45am
Quoting optitrader
has anyone sold EURCAD? If so why? as the EURCAD has reached daily low. I was debating about selling but decided not to as price was far from the 200 SMA. Any info on why you shorted it would be useful. Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADM5.png Size: 45 KB


Hi,

I wasn't in it but I've marked the ideal entry point in orange. It might next re-test the previous day low to check if it's now resistance. If that holds, we could see a bigger drop.
  • #492
  • Apr 24, 2020 2:48am Apr 24, 2020 2:48am
could be channel rejection on audcad and nzdcad on 5mins
  • #493
  • Apr 24, 2020 2:49am Apr 24, 2020 2:49am
Quoting LauraT
{quote} {image} Hi, I wasn't in it but I've marked the ideal entry point in orange. It might next re-test the previous day low to check if it's now resistance. If that holds, we could see a bigger drop.
I'll keep an eye out for that
  • #494
  • Apr 24, 2020 2:54am Apr 24, 2020 2:54am
Nice 45 pip runner on EURJPY this morning. Entry and exit marked with ticks.
Thanks Laura
Attached Image (click to enlarge)
Click to Enlarge Name: EJ.PNG Size: 36 KB
  • #495
  • Apr 24, 2020 2:57am Apr 24, 2020 2:57am
Quoting ankur_75
Nice 45 pip runner on EURJPY this morning. Entry and exit marked with ticks. Thanks Laura {image}
That was such a nice trade.

Ten out of Ten!!
Empty your mind and let the market guide you
  • #496
  • Apr 24, 2020 2:57am Apr 24, 2020 2:57am
Quoting ankur_75
Nice 45 pip runner on EURJPY this morning. Entry and exit marked with ticks. Thanks Laura {image}
Great trade
  • #497
  • Apr 24, 2020 3:04am Apr 24, 2020 3:04am
Quick scalp to Previous Day Low before London open..
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADM5.png Size: 37 KB
  • #498
  • Apr 24, 2020 3:10am Apr 24, 2020 3:10am
Quoting Piscis
Quick scalp to Previous Day Low before London open.. {image}
Well done

It's a logical exit point but consider taking half off and letting price action dictate when you close the remainder. The momentum was strong so there were more pips on the table.
  • #499
  • Apr 24, 2020 3:11am Apr 24, 2020 3:11am
stopped out of gbpnzd
  • #500
  • Apr 24, 2020 3:16am Apr 24, 2020 3:16am
Quoting LauraT
{quote} Well done It's a logical exit point but consider taking half off and letting price action dictate when you close the remainder. The momentum was strong so there were more pips on the table.
Thanks Laura, I just followed your advice on GBPUSD and took half off... Will post later.
2 traders viewing now