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Roadmap - A Way To Read Markets

  • #801
  • Apr 28, 2020 6:31am Apr 28, 2020 6:31am
Quoting Degolep
A few trades today. Some good, some bad. Again missed some trades, can't be on the screen all day, or maybe I just need to move to M15. {image} {image} {image} {image}
Glad you caught that UJ one, nice winner

Opportunities come along often (on days like today, yesterday wasn't so simple) so you can dip in and out as your schedule allows. But do feel free to try the higher timeframe and see how it feels.
  • #802
  • Apr 28, 2020 6:37am Apr 28, 2020 6:37am
I have also added M15 200MA on my M5 chart. You can use this indicator.
Attached File(s)
File Type: ex4 #MTF Moving Average.ex4   13 KB | 496 downloads
File Type: mq4 #MTF Moving Average.mq4   5 KB | 556 downloads
Anything above the line is an uptrend, below the line is a downtrend.
  • #803
  • Apr 28, 2020 7:02am Apr 28, 2020 7:02am
I am finding that adding a channel onto the 1min chart that represents the 15min channel (15x8=120ema channel) is proving helpful and can indicate early entries
Attached Image (click to enlarge)
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  • #804
  • Apr 28, 2020 7:11am Apr 28, 2020 7:11am
Quoting hepsibah
I am finding that adding a channel onto the 1min chart that represents the 15min channel (15x8=120ema channel) is proving helpful and can indicate early entries {image}
Could also do this on a 5m chart with the 1H channel (12x8=96).
  • #805
  • Apr 28, 2020 7:32am Apr 28, 2020 7:32am
Hello, I am very much interested in learning this more. Would you accept mentoring another one.
Thank you
  • #806
  • Apr 28, 2020 7:33am Apr 28, 2020 7:33am
A million thank you for the information LauraT.
  • #807
  • Apr 28, 2020 7:42am Apr 28, 2020 7:42am
Based on some feedback from Patje I have update the cTrader indicators for Roadmap.

Composite RSI now has options for a adding a faster composite RSI using any or all of M30, M15, M5 and M1 timeframes. It also has the option to display a standard RSI in the indicator window as cTrader doesn't have support adding more than indicator in a single indicator window like MT has.

Daily Bounds now draws lines instead of plotting data points. In the faster timeframes, the difference between the range of bars and the daily plots was causing issues because cTrader auto scales to keep all plotted data visible and becomes unusable. The change means the lines from end of day to start of day are no longer there, but this seems to be cleaner.
Attached File(s)
File Type: zip cTrader_Roadmap.zip   309 KB | 326 downloads
  • #808
  • Apr 28, 2020 7:44am Apr 28, 2020 7:44am
Just entered short on EN M5 at the top of the bar marked by the arrow. RSI was below 40, the M1, M5, M15,and M30 are all red on the MTF dashboard. Looking to at least make it to the ADR Low.
Attached Image (click to enlarge)
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  • #809
  • Apr 28, 2020 8:07am Apr 28, 2020 8:07am
Attached Image (click to enlarge)
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Caught a pretty big one on the pre-market Dow.

Got long just above Yesterday's High and took profit so I'm flat for opening bell.
  • #810
  • Apr 28, 2020 8:21am Apr 28, 2020 8:21am
Quoting LauraT
{image} Caught a pretty big one on the pre-market Dow. Got long just above Yesterday's High and took profit so I'm flat for opening bell.
Huge!!!
  • #811
  • Apr 28, 2020 8:24am Apr 28, 2020 8:24am
Big moves in dollar pairs this morning. This afternoon that move looked like it was beginning to fade> EU was close to it's ADR and produced a channel cross so I took a short position. Took half the position off at the bottom of its range and let the rest run until we were close to yesterdays high. I manually closed this a bit early as it went on to hit YH.

Entry at black arrow
Exited at red arrow
Attached Image (click to enlarge)
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  • #812
  • Apr 28, 2020 8:36am Apr 28, 2020 8:36am
hello, I was short here earlier, all indis were on short, unfortunately it did not work once
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  • #813
  • Apr 28, 2020 8:44am Apr 28, 2020 8:44am
Quoting ingo3344
hello, I was short here earlier, all indis were on short, unfortunately it did not work once {image}
The setup was fine. It's just trading unfortunately
  • #814
  • Apr 28, 2020 8:57am Apr 28, 2020 8:57am
So nice to see some rock-solid, old-school methods getting the attention they deserve. Nice job, Laura. Oh and guys...if you can't make money using the info Laura is showing you here, you really should reconsider how you are spending your time . This is golden.
  • #815
  • Apr 28, 2020 8:57am Apr 28, 2020 8:57am
maybe the sl is too short
  • #816
  • Apr 28, 2020 9:00am Apr 28, 2020 9:00am
Quoting lemercenaire
So nice to see some rock-solid, old-school methods getting the attention they deserve. Nice job, Laura. Oh and guys...if you can't make money using the info Laura is showing you here, you really should reconsider how you are spending your time . This is golden.
Ah, thank you
  • #817
  • Apr 28, 2020 9:03am Apr 28, 2020 9:03am
Attached Image (click to enlarge)
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Nothing too interesting about this trade but people wanted to see multi-bullet entries.

First entry was really an exploratory position (at 1/3 normal size) and second was probably where I should have entered originally! Turned out fine though and no third bullet required.
  • #818
  • Apr 28, 2020 9:14am Apr 28, 2020 9:14am
Quick scalp on the 5 min EURGBP on the merket halting at prior resistance and the assumption of a channel failure. Wasn't much room to play with as it was toward the open and prior day low. Could have taken a little more out of it, similarly could have lost! Any tips, suggestions as to what I could have done better or different in this scenario Laura?
Attached Image (click to enlarge)
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  • #819
  • Apr 28, 2020 9:21am Apr 28, 2020 9:21am
Quoting Wellington
Quick scalp on the 5 min EURGBP on the merket halting at prior resistance and the assumption of a channel failure. Wasn't much room to play with as it was toward the open and prior day low. Could have taken a little more out of it, similarly could have lost! Any tips, suggestions as to what I could have done better or different in this scenario Laura? {image}
Hi

I think it's simply a case of finding more potentially lucrative setups. As you said yourself, there wasn't much room to play with on that one. A win's a win though!
  • #820
  • Apr 28, 2020 9:53am Apr 28, 2020 9:53am
Hi Laura, I see several people are finding ways to get "better entries" by adding such things as various different MAs. Being that you have used this method successfully for several months/years? what is your message in regards to trying to curve fit this technique?

I'm guessing there is no value in adding these ideas if your method works well as is and gives you a nice lifestyle
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