Roadmap - A Way To Read Markets | Page 71 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Software tools for LauraT's Roadmap 169 replies

Forex Brokerage Roadmap 4 replies

Best way to read all of someone's posts? 3 replies

Simple way to read chart 11 replies

Attachments: Roadmap - A Way To Read Markets
Exit Attachments

Roadmap - A Way To Read Markets

  • #1,401
  • May 8, 2020 6:04am May 8, 2020 6:04am
Quoting rover99x
Hi Everyone Just on the subject of brokers, I use Global Prime and IC Markets. Does anyone know of a broker that trades Index CFDs down to 0.01 lots? Most just trade Indices down to 1.00 Lots! I reside in the UK Many thanks Tony
Hi Tony,

You might like to take a look at ThinkForex UK (https://www.thinkmarkets.com/uk/). I think they allow Indices at 0.1 Lots, if that is of interest to you.

Cheers
Nick
  • #1,402
  • May 8, 2020 6:10am May 8, 2020 6:10am
Attached Image (click to enlarge)
Click to Enlarge Name: LCrudeSb620M1.png Size: 50 KB


Closed a couple of oil shorts after spike in my favour.
  • #1,403
  • May 8, 2020 6:24am May 8, 2020 6:24am
NZDUSD from the Asian session. Took profit in 3 parts - 50% , 25% then let the rest 25% running with a trailing stop. Closed it later when the price started ranging, original target was ADR high.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 108 KB
  • #1,404
  • May 8, 2020 7:02am May 8, 2020 7:02am
Using IC markets this Dow -only has 200ema. But looks good?
Attached Image (click to enlarge)
Click to Enlarge Name: LauraDow8MayAM.png Size: 499 KB
every Saint has a past. Every Sinner has a Future
  • #1,405
  • May 8, 2020 7:50am May 8, 2020 7:50am
Quoting LauraT
{image} Closed a couple of oil shorts after spike in my favour.
How do I make RS number to appear on top right of my chart, just like yours
  • #1,406
  • May 8, 2020 7:55am May 8, 2020 7:55am
Hi Ican2020, change X_axis and y_axis inputs.
Attached Image
  • #1,407
  • May 8, 2020 7:55am May 8, 2020 7:55am
Back next week. Have a good week end every body.
every Saint has a past. Every Sinner has a Future
  • #1,408
  • May 8, 2020 8:25am May 8, 2020 8:25am
Quoting Nick999
{quote} Hi Tony, You might like to take a look at ThinkForex UK (https://www.thinkmarkets.com/uk/). I think they allow Indices at 0.1 Lots, if that is of interest to you. Cheers Nick
Thank you Nick, I'll take a look
  • #1,409
  • May 8, 2020 8:27am May 8, 2020 8:27am
Quoting turnip15
Back next week. Have a good week end every body.
You too, turnip15
  • #1,410
  • May 8, 2020 8:51am May 8, 2020 8:51am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 182 KB


My 200 SMA MT Dashboard not working and same on all pairs. Can anyone help to figure this out ?
Consistency & Patience
  • #1,411
  • May 8, 2020 10:59am May 8, 2020 10:59am
  •  ak01
  • | Joined Feb 2019 | Status: Trader | 4 Posts | Online Now
[quote = rover99x; 12922667] Привет всем. Что касается брокеров, я использую Global Prime и IC Markets. Кто-нибудь знает брокера, который торгует индексными CFD до 0,01 лота? Большинство просто торгуют индексами до 1,00 лотов! Я живу в Великобритании Большое спасибо Тони [/ quote]

take a look at https://www.lcg.com/
all indexes min 0.01 lot
  • #1,412
  • May 8, 2020 11:26am May 8, 2020 11:26am
Quoting Leewachira
{quote} Hey can some help me out how to install this strategy in mt4 please
Hey, you need to copy templates and indicators in first post.

Then open MT4

1. Click on file
2. Click on OPen data folder
3. Click on the MQL4 folder
4. Click on Indicators
5. Paste Indicators there. (.ex4)
6. Right-click on Chart
7. go-to templates option.
8. Click on Load templates
9. Select the template that downloaded (.tpl)

You should be set.

Hope this helps.
  • #1,413
  • May 8, 2020 11:52am May 8, 2020 11:52am
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM5.png Size: 47 KB


It's been slim pickings today. Here's a trade I eventually lost patience with and closed out.

My target was ADR High and it got within 2 pips of that but I stubbornly waited for it to reach my goal. It hasn't
  • #1,414
  • May 8, 2020 12:55pm May 8, 2020 12:55pm
adr also kept up with the news
Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt.PNG Size: 34 KB
  • #1,415
  • May 8, 2020 4:50pm May 8, 2020 4:50pm
Quoting Nishith
{quote} Hey, you need to copy templates and indicators in first post. Then open MT4 1. Click on file 2. Click on OPen data folder 3. Click on the MQL4 folder 4. Click on Indicators 5. Paste Indicators there. (.ex4) 6. Right-click on Chart 7. go-to templates option. 8. Click on Load templates 9. Select the template that downloaded (.tpl) You should be set. Hope this helps.
Except Metatrader will have to be restarted for the indicators to compile

Or experienced users know that Right Click in the Navigator window and select Refresh will do the same

Reading the User Guide is a good option for anyone starting out.

Good Luck
It takes a lot for me to IGNORE you, but you can try.
  • #1,416
  • May 9, 2020 4:50am May 9, 2020 4:50am
Quoting Sohocool
LauraT Thank you,for your interesting thread . I share an indicator histogram 8 EMA Channel VS 200 SMA Channel. I hope it can help some traders. {image} {image} {file}
Nice indi... Great for visual backtesting... Would a mtf version be a option?.. Would make it even more easy to do that ..
  • #1,417
  • May 9, 2020 7:00am May 9, 2020 7:00am
Dear LauraT, Managed to catch few pips from the first trade. Hope my trade is correct. Thanks.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot5.png Size: 151 KB
Consistency & Patience
  • #1,418
  • May 9, 2020 8:27am May 9, 2020 8:27am
Quoting LauraT
{image} It's been slim pickings today. Here's a trade I eventually lost patience with and closed out. My target was ADR High and it got within 2 pips of that but I stubbornly waited for it to reach my goal. It hasn't
Hi laura,
It's Sat nite here and I have been studying your charts/system.

I have a question for you, do you use any Indicators in your short time frames--can't recall seeing any to date, apart from the CompRSI one, hence I ask the question.

I understand PA is your method, but when I check my chart against yours, my indicator gave me signals that would have suggested time was running out fast at your chosen ADR level. You have a group running where these topics may have already been discussed, and I did not want to interfere with your scheduled teaching program, by raising it here in your Roadmap, my apologies if already dealt with elsewhere.

Another question is when to exit if your target is not reached---i.e is there a S/l point in your own system that removes the emotion of ( in your own words)--Run out of patience, so pulled the plug.

With your years of experience it may be an automatic reaction for you, however some of us are not that well trained :-)

I am learning the LT way and respect how you trade, you do better than I do, so if time permits, I would appreciate any contributions from your end.

kind regards

  • #1,419
  • May 9, 2020 9:09am May 9, 2020 9:09am
Quoting btrfx1
{quote} Hi laura, It's Sat nite here and I have been studying your charts/system. I have a question for you, do you use any Indicators in your short time frames--can't recall seeing any to date, apart from the CompRSI one, hence I ask the question. I understand PA is your method, but when I check my chart against yours, my indicator gave me signals that would have suggested time was running out fast at your chosen ADR level. You have a group running where these topics may have already been discussed, and I did not want to interfere with your scheduled...
Hi

Here's the annotated chart so I can discuss:

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM5.png Size: 45 KB


The way I'm trying to operate the thread at the moment is to only post trades that are either sub-optimal or contain some learning element that others can hopefully benefit from.

I don't use indicators other than what's on show. What did you have in mind that told you NU was running out of steam?

Here's how I see it:

1. Stretched momentum. A good opportunity to exit (I frequently say that exiting on a spike in your favour is a good plan as spikes tend to reverse). However, my thinking at 1 was that price would likely retrace back into the channel before having another push for ADR High (price tends to want to complete the range once very close to it).

2. A lower high is formed. Oh dear. Time to watch action more carefully.

3. A lower low is made. The game is definitely over. Now it's a case of finding a graceful exit.

4. Instead of exiting at 3, I waited for the next high to be formed so I could get out at a slightly better price.

I was actually a little harsh on myself, categorizing it as "lost patience so closed out". Upon reflection, I managed the trade okay once I realised the target was unlikely to be reached, with the caveat of ignoring the earlier exit opportunity.

Hope this helps.
  • #1,420
  • May 9, 2020 9:41am May 9, 2020 9:41am
[quote=LauraT;12929142]{quote} Hi Here's the annotated chart so I can discuss: {image}

Hi Laura,
Thks for the reply, i snuck off to bed and decided to do more review work----- very comfortable and warm. At my tender, almost 80 yrs of age, they are two basic elements to a comfortable life style, however I remember my January days in Motherwell where getting out of bed at 7:00am was a real challenge hahahaha

I would be happy to show you some of my work, hopefully I learnt a few tricks over the last twenty years of trading, mind you I am not telling you something you already know.

You have a large client base now so I need to find a suitable way to communicate with you that fits in with your schedule of work. Of course we live in different time zones, but that's only a matter of organisation.

As you have a wealth of knowledge already, you will understand very quickly where I am coming from so Skyping for me would be ideal, as they say a picture is worth a thousand words.

I will PM you with info, if that suits.

OK two more charts to look at then lights out here.

Goodnite
Ben
1 trader viewing now