Roadmap - A Way To Read Markets | Page 73 | 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

  • #1,441
  • May 11, 2020 1:56am May 11, 2020 1:56am
Quoting turnip15
A very good time with the Dow . Apart from other things the 200 did well on it's own. {image}

EDIT: Missed the Pin bar bounce off the 200 shown between the 2nd and third oval from the left
Attached Image (click to enlarge)
Click to Enlarge Name: Dax11MayLauraam.png Size: 450 KB
every Saint has a past. Every Sinner has a Future
  • #1,442
  • May 11, 2020 2:04am May 11, 2020 2:04am
Quoting HomerSim
{quote} Yes i agree, it is repainting. I have reduced the settings to 15min and 5min, still repaints and slows down the platform. It appears to repaint in candle sequences of lower timeframe divided into higher timeframe. (15-5=3 + 60-15=4) On the SPX500 at 9.25AM UK it alters every 6candles on the 15/5 setting on 1min chart
That's right.

This topic has probably been done to death on other forum threads but it's recalculating rather than repainting. I know that might seem like semantics but it's an important distinction to make. It's forced to recalculate because it's a MTF tool.

As it's a MTF tool, it was never intended to be used for backtesting as the history is not reliable. I suggested it to those who wanted to trade 1m oil/indices because the live reading (not the history) could be used as a bias. For timeframes of 5m+, I'd stick with the TrendStrengthRSI.
  • #1,443
  • May 11, 2020 2:28am May 11, 2020 2:28am
Attached Image (click to enlarge)
Click to Enlarge Name: Ger30Sb620M1.png Size: 46 KB


Poor entry (didn't wait for retrace - naughty!) but result was fine.

Reason I wanted to get in around this area? There was confluence of daily open line and SMA.
  • #1,444
  • May 11, 2020 3:10am May 11, 2020 3:10am
I like a dash of color always brightens up the day
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCADM1a.png Size: 89 KB
Click to Enlarge Name: USDCADM1b.png Size: 89 KB
  • #1,445
  • May 11, 2020 3:14am May 11, 2020 3:14am
Hi LauraT
As you are trading mainly on the 1min timeframe do you take notice where the 200sma is on the higher timeframe charts. When the price crosses or bounces off the 200sma on the 1min chart it may not on the higher timeframes, as this would normally occur at a different price/level ?
  • #1,446
  • May 11, 2020 3:16am May 11, 2020 3:16am
Quoting OAPDave
I like a dash of color always brightens up the day {image} {image}

Well it is pretty.....lol
  • #1,447
  • May 11, 2020 3:22am May 11, 2020 3:22am
Quoting sj9bp20
{quote} Well it is pretty.....lol
And profitable
  • #1,448
  • May 11, 2020 3:27am May 11, 2020 3:27am
Quoting OAPDave
I like a dash of color always brightens up the day {image} {image}
Visually appealing what is it?
  • #1,449
  • May 11, 2020 3:44am May 11, 2020 3:44am
Simple color fill m/avg
(Color_Fill_MA indicator) you will have to google for it, as I have a slight problem sending it
Please Type as I have with the underscore
  • #1,450
  • May 11, 2020 4:00am May 11, 2020 4:00am
Quoting catcher
Hi LauraT As you are trading mainly on the 1min timeframe do you take notice where the 200sma is on the higher timeframe charts. When the price crosses or bounces off the 200sma on the 1min chart it may not on the higher timeframes, as this would normally occur at a different price/level ?
Hi

I don't, but you can if you wish. There might even be an indicator somewhere that allows you to see where the other timeframe SMAs are.
  • #1,451
  • May 11, 2020 4:14am May 11, 2020 4:14am
Quoting LauraT
{image} Poor entry (didn't wait for retrace - naughty!) but result was fine. Reason I wanted to get in around this area? There was confluence of daily open line and SMA.
I don't know ( being new to this approach) how often the 1 Minute bounces off the 200 but it certainly seems worthwhile waiting for as a form of Confluence and as a reason to increase the number of contracts on a trade.
As an aside -I find the 8ema channel focuses the tired old ( in my case) eyes on price enabling one to spot h/l and l/l etc. And price action in general.
Attached Image
every Saint has a past. Every Sinner has a Future
  • #1,452
  • May 11, 2020 4:31am May 11, 2020 4:31am
Sorry about the delay
Any problems with how to set it let me know ?
Attached File(s)
File Type: mq4 Color_Fill_MA.mq4   25 KB | 550 downloads
  • #1,453
  • May 11, 2020 5:08am May 11, 2020 5:08am
Quoting OAPDave
update {image} {image}
Hi Dave,
Pray, tell what is your Top Secret OB/OS indicator? Is it homemade or something that you have adjusted to suit your style of trading?
There are quite a few, but I am intrigued by your "TOP-SECRET" label.
Hercs
  • #1,454
  • May 11, 2020 5:17am May 11, 2020 5:17am
Quoting Hercs
{quote} Hi Dave, Pray, tell what is your Top Secret OB/OS indicator? Is it homemade or something that you have adjusted to suit your style of trading? There are quite a few, but I am intrigued by your "TOP-SECRET" label.
Sorry but it will have to be cleared by the Boss Laura to see if she thinks it brings any added value to the method
  • #1,455
  • May 11, 2020 5:21am May 11, 2020 5:21am
Quoting OAPDave
update {image} {image}
Lol, you are on a quest to convert the whole trading world, aren't you, Dave?!
  • #1,456
  • May 11, 2020 5:38am May 11, 2020 5:38am
Those of us who know Dave well know what it is lol.
  • #1,457
  • May 11, 2020 5:39am May 11, 2020 5:39am
Quoting lemercenaire
{quote} Lol, you are on a quest to convert the whole trading world, aren't you, Dave?!
Yer, bang on Lem, you never know how long I have got left in today's world, so maybe it just might be a parting gift.
Joking aside, you know how long its been my standby indicator ( not easy to grasp at times) but no matter what anyone says its been very kind to me
I just look at it as another form of RSI or any other type of OB/OS indicator
ps
its free to the nice guys but a million pounds to the indicator collectors
Lem love your style and attitude, spot you posts in a few places
  • #1,458
  • May 11, 2020 5:45am May 11, 2020 5:45am
Trading done for the day, now onto more exciting things like cleaning, helping kids with homeschool etc lol
Attached Image (click to enlarge)
Click to Enlarge Name: .US30.sM5x.png Size: 64 KB
  • #1,459
  • May 11, 2020 5:59am May 11, 2020 5:59am
Quoting handy148
Those of us who know Dave well know what it is lol.
Hope your keeping well mate, bit of a bummer with no footy, do you ever bump into any of the old gang
  • #1,460
  • May 11, 2020 6:05am May 11, 2020 6:05am
Hi guys

Is this entry ok or was I a bit early?

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 62 KB
2 traders viewing now