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  • #941
  • Apr 30, 2020 6:19am Apr 30, 2020 6:19am
Phew,
got through all the pages, from 1 to 47
Not once I have noticed anyone criticized your share knowledge. Only seen positive feedback ad further contribution. Big thanks to you Laura and also the gentleman who shared the pdf
haven't seen anything like this (at least not yet). I have been Demo trading for a long time( ~4 years) and never had the confidence go live with your concept( but I do understand: Demo and live are two different worlds)
even in demo I never had so many winnings.
I just have one question regarding the setup. In regard to the ADR value on the top left side, do you also consider this, if yes would you say the value needs to be above 100 in any direction (bullish/bearish ) is valid (e.g: the trend is going up, RSI + 60 and EMA cross the SMA, do you now consider the ADR Value for more confirmation )? I do understand the RSI values, just want to understand whether I need to also consider ADR value too. Much obliged for everting you and the rest have shared (also thanks for the FF, else we would not have cross paths) Bless you and the rest with lots of pips
Attached Image
  • #942
  • Apr 30, 2020 6:20am Apr 30, 2020 6:20am
Quoting james.trades
EJ also close. {image}
Remember there is major EU news in less than 30 minutes though.
  • #943
  • Apr 30, 2020 6:32am Apr 30, 2020 6:32am
Quoting shadow2017
Phew, got through all the pages, from 1 to 47 Not once I have noticed anyone criticized your share knowledge. Only seen positive feedback ad further contribution. Big thanks to you Laura and also the gentleman who shared the pdf haven't seen anything like this (at least not yet). I have been Demo trading for a long time( ~4 years) and never had the confidence go live with your concept( but I do understand: Demo and live are two different worlds) even in demo I never had so many winnings. I just have one question regarding the setup....
Hi - thanks for working through the thread and for your kind words

The only thing we really need to be aware of with the ADR figures is how much of the range it has completed today. That gives an indication as to whether there is much more 'juice' in the tank for further moves.

Hope this helps.
  • #944
  • Apr 30, 2020 6:35am Apr 30, 2020 6:35am
Quoting LauraT
{quote} Remember there is major EU news in less than 30 minutes though.
Noted. Did you get out of CJ before the drop?
  • #945
  • Apr 30, 2020 6:37am Apr 30, 2020 6:37am
Quoting james.trades
{quote} Noted. Did you get out of CJ before the drop?
Haven't exited yet as I'm keeping track via the 15m.
  • #946
  • Apr 30, 2020 6:39am Apr 30, 2020 6:39am
Quoting LauraT
{quote} Haven't exited yet as I'm keeping track via the 15m.
Ahhh I understand. Any others today?
  • #947
  • Apr 30, 2020 6:41am Apr 30, 2020 6:41am
Quoting LauraT
{quote} Hi - thanks for working through the thread and for your kind words The only thing we really need to be aware of with the ADR figures is how much of the range it has completed today. That gives an indication as to whether there is much more 'juice' in the tank for further moves. Hope this helps.
Noted ad thank you.
  • #948
  • Apr 30, 2020 6:41am Apr 30, 2020 6:41am
I want to share another type of advanced setup that, though quite rare, will occur from time to time.

EJ (chart below) hit Yesterday's High earlier but RSI was still below 50. I entered short, expecting that level to act as resistance.

As you'll see, I had to close out early due to the upcoming EU news so I haven't had the opportunity to establish how the trade was going to develop. Anyway, keep these setups in mind if you spot them. They are riskier than the standard trade types so I'd suggest a pretty tight stop.

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  • #949
  • Apr 30, 2020 6:44am Apr 30, 2020 6:44am
Quoting james.trades
{quote} Ahhh I understand. Any others today?
I've had a Dax short, S&P short and EJ short.
  • #950
  • Apr 30, 2020 7:33am Apr 30, 2020 7:33am
Closed these before the news, didn't want to keep it open.

AUDUSD
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EURCAD - Multiple entry
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  • #951
  • Apr 30, 2020 7:36am Apr 30, 2020 7:36am
Good afternoon LauraT,

Thank you very much for presenting a well thought out approach to trading. Very impressive and reasonably easy to understand!
I came across your thread last night read it through and traded it live this morning for the first time today with the attached results.

Very pleased to be finished for the day by 12:30 and won't trade anymore today but I will go back over the thread and take some notes.

Best regards, DT Nigel.
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  • #952
  • Apr 30, 2020 7:39am Apr 30, 2020 7:39am
Quoting doubletop
Good afternoon LauraT, Thank you very much for presenting a well thought out approach to trading. Very impressive and reasonably easy to understand! I came across your thread last night read it through and traded it live this morning for the first time today with the attached results. Very pleased to be finished for the day by 12:30 and won't trade anymore today but I will go back over the thread and take some notes. Best regards, DT Nigel. {image} {image} {image} {image} {image}
Good afternoon

Nice results - well done! Thanks for sharing.
  • #953
  • Apr 30, 2020 7:42am Apr 30, 2020 7:42am
Just went short on EJ M5. I like that the daily open is right on top of the SMA. Hopefully that will add to the resistance up there.
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  • #954
  • Apr 30, 2020 8:15am Apr 30, 2020 8:15am
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Posting this one because it was a re-entry into spx taken with the new 1m settings for indices/oil.

Notice how I was trading against the overall RSI bias but the new settings had CompRSISelect readings below 45.
  • #955
  • Apr 30, 2020 8:16am Apr 30, 2020 8:16am
Took a L on EA, should have closed it before the news but had to grab some groceries ^^

Still, impressive the way price reacted once the ADR was reached, was just watching it switch to red and boom immediate reaction. Was hesitant to take another short, given the weak RSI, but by the time I was trying to make up my mind it was a bit too late.

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  • #956
  • Apr 30, 2020 8:26am Apr 30, 2020 8:26am
Quoting Barraka
Took a L on EA, should have closed it before the news but had to grab some groceries ^^ Still, impressive the way price reacted once the ADR was reached, was just watching it switch to red and boom immediate reaction. Was hesitant to take another short, given the weak RSI, but by the time I was trying to make up my mind it was a bit too late. {image}
It can be downright spooky at times, the way instruments adhere to their ADR limits. I'm in an AU long from ADR Low as RSI was staying above 50.
  • #957
  • Apr 30, 2020 8:37am Apr 30, 2020 8:37am
SP closed at Tuesday's high. Closed much too early but happy with what I got.
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  • #958
  • Apr 30, 2020 8:50am Apr 30, 2020 8:50am
Quoting SkyLaser
SP closed at Tuesday's high. Closed much too early but happy with what I got. {image}
Nice trade Thanks for sharing.
  • #959
  • Apr 30, 2020 8:59am Apr 30, 2020 8:59am
Laura, am I right in?
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  • #960
  • Apr 30, 2020 9:26am Apr 30, 2020 9:26am
Quoting mik2012
Laura, am I right in? {image}
You were absolutely right
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