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Roadmap - A Way To Read Markets

  • #701
  • Apr 27, 2020 9:59am Apr 27, 2020 9:59am
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Another exercise in patience. Went sideways for a while but eventually hit my target at ADR Low.
  • #702
  • Apr 27, 2020 10:04am Apr 27, 2020 10:04am
Quoting LauraT
{image} Another exercise in patience. Went sideways for a while but eventually hit my target at ADR Low.
I've looked thru the thread to no avail, could you please tell me how many days settings your using for your ADR indicator?
  • #703
  • Apr 27, 2020 10:09am Apr 27, 2020 10:09am
Quoting bojack34
{quote} I've looked thru the thread to no avail, could you please tell me how many days settings your using for your ADR indicator?
I'm using 14. You'll find the ADR high/low values vary from broker to broker.
  • #704
  • Apr 27, 2020 10:14am Apr 27, 2020 10:14am
Quoting LauraT
{quote} I'm using 14. You'll find the ADR high/low values vary from broker to broker.
TY. I agree about the values changing from broker to broker. I already use this indicator but I use a 5 day setting. I was just curious what you used. TY. I like your thread. I will have to read the entirety when I have more time. Very nice!
  • #705
  • Apr 27, 2020 10:30am Apr 27, 2020 10:30am
Thank you Laura for a really great thread. I am enjoying reading through it and watching the success that people are already having. lots to learn.
Just trying to put a kiss on the cheek of success
  • #706
  • Apr 27, 2020 11:17am Apr 27, 2020 11:17am
Laura, is this the case when the bar closes above MA 8?
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  • #707
  • Apr 27, 2020 11:19am Apr 27, 2020 11:19am
Quoting mik2012
Laura, is this the case when the bar closes above MA 8? {image}
Hi

Not sure I understand, what are you asking?
  • #708
  • Apr 27, 2020 11:20am Apr 27, 2020 11:20am
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Anticipated a channel failure and targeted previous day's low. Could have got a slightly better entry by waiting for channel to touch SMA but can't complain.
  • #709
  • Apr 27, 2020 11:37am Apr 27, 2020 11:37am
Quoting LauraT
{quote} Hi Not sure I understand, what are you asking?
#Post 451
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  • #710
  • Apr 27, 2020 11:37am Apr 27, 2020 11:37am
Hi Laura, I entered in the yellow rectangle area and am targeting the ADR low. did I get it right?
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Just trying to put a kiss on the cheek of success
  • #711
  • Apr 27, 2020 11:40am Apr 27, 2020 11:40am
you wouldn't have gone into a trade here? Laura
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  • #712
  • Apr 27, 2020 11:45am Apr 27, 2020 11:45am
Quoting mik2012
{quote} #Post 451 {image}
Ah, I understand now

You want to wait until a bar closes on the opposite side of the channel to the bars that came before it. It's a way of telling when an uptrend or downtrend may be coming to an end.
  • #713
  • Apr 27, 2020 11:49am Apr 27, 2020 11:49am
Quoting ingob
you wouldn't have gone into a trade here? Laura {image}
Yes, that's what I meant by my entry being less than ideal. I should have waited a little longer. Where you have circled is an ideal entry point
  • #714
  • Apr 27, 2020 11:50am Apr 27, 2020 11:50am
Quoting pet3250
Hi Laura, I entered in the yellow rectangle area and am targeting the ADR low. did I get it right?{image}
perfect
  • #715
  • Apr 27, 2020 11:56am Apr 27, 2020 11:56am
Quoting LauraT
{quote} perfect
great! thanks soo much Laura. loving the thread. its easy enough to understand and follow.
Just trying to put a kiss on the cheek of success
  • #716
  • Apr 27, 2020 12:02pm Apr 27, 2020 12:02pm
Quoting LauraT
{quote} Ah, I understand now You want to wait until a bar closes on the opposite side of the channel to the bars that came before it. It's a way of telling when an uptrend or downtrend may be coming to an end.
It looks like oil has gathered north .... at 15.79
  • #717
  • Apr 27, 2020 12:20pm Apr 27, 2020 12:20pm
Hi Laura,
is this correct? the price tried to get above the 2ooSMA but failed, the rsi was at a low of 27, the dashboard was red.
I entered short and am targeting the supprot level below.
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Just trying to put a kiss on the cheek of success
  • #718
  • Apr 27, 2020 12:22pm Apr 27, 2020 12:22pm
Quoting pet3250
Hi Laura, is this correct? the price tried to get above the 2ooSMA but failed, the rsi was at a low of 27, the dashboard was red. I entered short and am targeting the supprot level below. {image}
Related to this timeframe it wasn't legit channel was still above the 200sma, so no short yet..
  • #719
  • Apr 27, 2020 12:23pm Apr 27, 2020 12:23pm
Quoting Patje
{quote} Related to this timeframe it wasn't legit channel was still above the 200sma, so no short yet..
OK, thanks
Just trying to put a kiss on the cheek of success
  • #720
  • Apr 27, 2020 12:43pm Apr 27, 2020 12:43pm
Quoting mik2012
{quote} It looks like oil has gathered north .... at 15.79
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