Roadmap - A Way To Read Markets | Page 27 | Forex Factory

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Roadmap - A Way To Read Markets

  • #521
  • Apr 24, 2020 4:31am Apr 24, 2020 4:31am
Quoting james.trades
Anyone else in Gold long, it's ranging like a nightmare!
I was in Gold and got a bit impatient. Closed for small profit. Its probably going up to yesterday's high now.
  • #522
  • Apr 24, 2020 4:32am Apr 24, 2020 4:32am
Quoting jan.forex
Hi LauraT, do you sometimes hedge your trades if they go against you or do just set the sl?
Hi,

Interesting question!

I consider effective hedging to be an art that takes some time to learn so I'm not going to go into too much detail about how and when I use it (for now).
  • #523
  • Apr 24, 2020 4:42am Apr 24, 2020 4:42am
Quoting LauraT
{quote} Hi, Interesting question! I consider effective hedging to be an art that takes some time to learn so I'm not going to go into too much detail about how and when I use it (for now).
OK thanks, looking forward to some info regarding hedging in the future, for now there is plenty of other stuff to take in
  • #524
  • Apr 24, 2020 4:45am Apr 24, 2020 4:45am
Can someone explain the entry rule for all the strategies i see that we need a bounce out of the channel ion the other direction like for short we have to dip above the channel and vice versa. But WHEN DO WE GO INTO THE TRADE ?
  • #525
  • Apr 24, 2020 4:51am Apr 24, 2020 4:51am
Hi Laura

do you use support/resistant (Daily/Hourly ) ?
Be Greedy
Dices Return This Week: na
  • #526
  • Apr 24, 2020 4:51am Apr 24, 2020 4:51am
Quoting LauraT
Exciting news folks! The talented and selfless hanover has offered to help develop tools to make the roadmap easier to trade and/or trades easier to find. The beta version of the first tool is here https://www.forexfactory.com/showthread.php?t=994835 Enjoy
If master Hannover that left forex factory offered his wonderful services to your strategy Laura, than he definitely found something valuable in it or in you.
Either ways thanks to you for sharing your strategy with the community and thanks to Hannover as well.
Cheers
  • #527
  • Apr 24, 2020 4:54am Apr 24, 2020 4:54am
Quoting Mr.Trader123
Can someone explain the entry rule for all the strategies i see that we need a bounce out of the channel ion the other direction like for short we have to dip above the channel and vice versa. But WHEN DO WE GO INTO THE TRADE ?
You can enter inside the channel
  • #528
  • Apr 24, 2020 4:56am Apr 24, 2020 4:56am
Quoting AKCodingEye
Hi Laura do you use support/resistant (Daily/Hourly ) ?
Hi,

In an ad hoc way I do. I don't draw lines on charts but I do eyeball where price has turned previously, especially on bigger timeframes.
  • #529
  • Apr 24, 2020 5:51am Apr 24, 2020 5:51am
GU , GJ

Channel trade + bounced off daily open.
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  • #530
  • Apr 24, 2020 5:53am Apr 24, 2020 5:53am
Just entered on UC 5M. RSI is right at 40. Set my TP for the Daily low.
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  • #531
  • Apr 24, 2020 5:58am Apr 24, 2020 5:58am
I don't usually trade US pre market but I took this Nasdaq trade. Red arrow was long and x was where my stop took me out. There was a news release at 1:30pm (GMT) which also went my way (kept my stop tight). another example of this wonderful system!!
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  • #532
  • Apr 24, 2020 6:00am Apr 24, 2020 6:00am
Quoting mUrfo
I don't usually trade US pre market but I took this Nasdaq trade. Red arrow was long and x was where my stop took me out. There was a news release at 1:30pm (GMT) which also went my way (kept my stop tight). another example of this wonderful system!! {image}
Nicely done - those bounces off SMA are wonderful.
  • #533
  • Apr 24, 2020 6:11am Apr 24, 2020 6:11am
Attached Image (click to enlarge)
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AJ 1m , nice up trend a bounce from the sma. tight SL if the channel cross sma. target at previous day high
  • #534
  • Apr 24, 2020 6:39am Apr 24, 2020 6:39am
Attached Image (click to enlarge)
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I'm trying to post entries that have some kind of educational value. Purpose of this one is to highlight that occasionally you will run out of patience with a trade, as I did with Gold.

If an instrument begins churning sideways, you don't have to sit and wait for your target or stop loss to be reached. It's okay to take your profit (or loss) and move on to the next opportunity.
  • #535
  • Apr 24, 2020 7:15am Apr 24, 2020 7:15am
it was a good win, everything that does not end in minus is good
  • #536
  • Apr 24, 2020 7:55am Apr 24, 2020 7:55am
this thread is good, i will footprint this
  • #537
  • Apr 24, 2020 8:43am Apr 24, 2020 8:43am
Took a quick profit on EURUSD - thanks Laura
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  • #538
  • Apr 24, 2020 10:10am Apr 24, 2020 10:10am
Hey guys,

This trade on EUR/JPY M1 is a good example of the daily open acting as a "magnet" for price as Laura would say Price first spiked north and then slowly but steadily retraced to the daily open towards the end of the day.

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Have a nice weekend all
  • #539
  • Apr 24, 2020 10:14am Apr 24, 2020 10:14am
A short entry that I held on to. UJ m5, price retested the daily open and broke down. Rsi -30, closed 1/2 position on next consolidation level @+25
Attached Image (click to enlarge)
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  • #540
  • Apr 24, 2020 10:51am Apr 24, 2020 10:51am
Thanks Laura for sharing your gold mine with other traders...Your way of trading reminded me with CrucialPoint trading philosophy...FOLLOW the trend,not predict but just follow.
-Setting up boundry (buy/sell)
-Entry (countless entry criteria)
-Exit (most difficult part to master)
Close Trade At Profit
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