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Roadmap - A Way To Read Markets

  • #1,341
  • May 7, 2020 4:43am May 7, 2020 4:43am
what told you that the bias switched to long???
  • #1,342
  • May 7, 2020 4:49am May 7, 2020 4:49am
Quoting bettervolume
what told you that the bias switched to long???
CompRSISelect was above 55.
  • #1,343
  • May 7, 2020 5:02am May 7, 2020 5:02am
what did mtf dashboard show at the time
  • #1,344
  • May 7, 2020 5:09am May 7, 2020 5:09am
Quoting bettervolume
what did mtf dashboard show at the time
I wasn't watching the dashboard - I was focused on the 1m settings as per this post:

https://www.forexfactory.com/showthr...5#post12910815
  • #1,345
  • May 7, 2020 5:58am May 7, 2020 5:58am
Longer-term example: GBPUSD Daily Chart - the channel has crossed below the 200 SMA and price has now found resistance there twice
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  • #1,346
  • May 7, 2020 7:07am May 7, 2020 7:07am
Quoting LauraT
{quote} I wasn't watching the dashboard - I was focused on the 1m settings as per this post: https://www.forexfactory.com/showthr...5#post12910815
thanks a lot ,Laura!
got trades on brent and dax today.

really simple and strongs setups from you!
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  • #1,347
  • May 7, 2020 7:07am May 7, 2020 7:07am
Scalping Nas on One minute chart. Thought I would put up the 5 minute for your comparison with the one minute trigger charts.
Yesterdays high and 200 ma figure in analysis one feels.
Be interesting to see what the afternoon ( UK time) US session makes of those levels.
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every Saint has a past. Every Sinner has a Future
  • #1,348
  • May 7, 2020 7:13am May 7, 2020 7:13am
Quoting turnip15
Scalping Nas on One minute chart. Thought I would put up the 5 minute for your comparison with the one minute trigger charts. Yesterdays high and 200 ma figure in analysis one feels. Be interesting to see what the afternoon ( UK time) US session makes of those levels. {image} {image} {image}
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Channel has previously dipped under but CompRSISelect stayed bullish (just) - you'd have to imagine it'll want to test Yesterday's High properly though.
  • #1,349
  • May 7, 2020 7:30am May 7, 2020 7:30am
Quoting LauraT
Hi, First thing first, I want to say upfront that I'm not here to sell anything. All information shared is, and will always be, free. I also want to thank everyone whose indicators I make use of. There are too many to thank individually so please accept a collective thanks. I recently decided to stop lurking and join Forex Factory. Trading has provided me with a nice lifestyle over the years and I enjoy giving back. Up until recently I've been privately mentoring a trader but he has progressed to a level where he doesn't require as much input from...
hello, nice to see you Laura after so many years. i hope you remember me, we were in dude's slack group.
In the court of lord, only love and devotion is counted...
  • #1,350
  • May 7, 2020 7:35am May 7, 2020 7:35am
Quoting nadiyakinare
{quote} hello, nice to see you Laura after so many years. i hope you remember me, we were in dude's slack group.
Hi there - yes, I do remember

Hope life has treated you well!
  • #1,351
  • May 7, 2020 7:52am May 7, 2020 7:52am
Quoting LauraT
{quote} {image} Channel has previously dipped under but CompRSISelect stayed bullish (just) - you'd have to imagine it'll want to test Yesterday's High properly though.
I am a bad boy. I have been using a different ma. ( Smoothed Moving Average) Sorry Laura.
I will use the same as you are using in future for the sake on continuity
every Saint has a past. Every Sinner has a Future
  • #1,352
  • May 7, 2020 8:12am May 7, 2020 8:12am
ADR started because the 200sma is also very close
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  • #1,353
  • May 7, 2020 8:39am May 7, 2020 8:39am
For Tradingview Users

Great news for Tradingview users - someone has very kindly created a roadmap template there which you can use:

https://www.tradingview.com/script/Y...RoadMap-Panel/
  • #1,354
  • May 7, 2020 8:51am May 7, 2020 8:51am
Quoting LauraT
For Tradingview Users Great news for Tradingview users - someone has very kindly created a roadmap template there which you can use: https://www.tradingview.com/script/Y...RoadMap-Panel/
Thank you very much
every Saint has a past. Every Sinner has a Future
  • #1,355
  • May 7, 2020 8:54am May 7, 2020 8:54am
Quoting turnip15
{quote} Thank you very much
Had a feeling you'd like that
  • #1,356
  • May 7, 2020 9:03am May 7, 2020 9:03am
Little Dax scalp. I initially targeted previous day's high, but got out in a spike up.

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LuXing
Wisdom begins in wonder
  • #1,357
  • May 7, 2020 9:33am May 7, 2020 9:33am
Quoting LuXing
Little Dax scalp. I initially targeted previous day's high, but got out in a spike up. {image} LuXing
Nice exit
  • #1,358
  • May 7, 2020 10:21am May 7, 2020 10:21am
A trade I took last night before London open, both M5 and M15 signaled a sell.
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  • #1,359
  • May 7, 2020 11:06am May 7, 2020 11:06am
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I try to keep stressing that ADR Reversals are advanced and risky, and that traders should stick to the basics until they have mastered those.

I want to highlight an ADR Reversal I took today though, in the hope that I might be able to shed some light on why I chose it.

Price rose to the ADR High but RSI remained at or below 50. In addition, the MTF Dashboard was showing red for weekly and daily timeframes. Although the markets can do anything, we do try to stack probabilities in our favour. The probability of this turning back down to the SMA was quite high, I decided.

Conversely, if you see an instrument at ADR High but RSI is around 70 and one of the two highest timeframes is green, you should hopefully know to step aside and pass on the trade.

Hope this helps.
  • #1,360
  • May 7, 2020 11:13am May 7, 2020 11:13am
Quoting LauraT
{image} I try to keep stressing that ADR Reversals are advanced and risky, and that traders should stick to the basics until they have mastered those. I want to highlight an ADR Reversal I took today though, in the hope that I might be able to shed some light on why I chose it. Price rose to the ADR High but RSI remained at or below 50. In addition, the MTF Dashboard was showing red for weekly and daily timeframes. Although the markets can do anything, we do try to stack probabilities in our favour. The probability of this turning back down to the...
The channel breached the ADR twice during that trade. How were you feeling during that time and how close did you get to exiting? Where was your SL when you opened the trade?
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