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Software tools for LauraT's Roadmap 167 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
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Roadmap - A Way To Read Markets

Quoting oluwagbenga
{quote} Great template, Can you share the template with us, thanks
I post similar template with :

OAPDAVE indicator Color fill MA #post 1452

And SPH 8Ema VS 200Sma #post 1468



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File Type: tpl 2020 LAURAT_V1.tpl   4 KB | 293 downloads
KISS&V :Keep it simple safe & visual
Quoting turnip15
{quote} Couple of shorts off that High maybe ? Now broke above - so wait ? {image}
9250 might be a resistance point since price ( 1 minute chart) is making a second approach to it?

Well it 9250 and broke through Northwards.
I am done for the day.
back tomorrow
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ADR Reversal trade. Usual health warning about ADR Reversals ... they are riskier than the basic entry types.

Reason I took this one is that TrendStrengthRSI was still above 50 despite price being at ADR Low.

Exited just above Friday's High. I was hoping price might reach SMA but hoping doesn't move the markets so I've taken what's on the table. Looks to me as if price is ready to roll over now, but if it goes to target without me, that's okay.
How far is too far?

I am still studying the thread and the other related threads and this may have been discussed already. If so, i'll find it. Is there an objective measure for how far price/channel has moved from the 200SMA before the trade is invalid? Is there a percentage of the ATR or ADR that says don't trade? Does it remain a visual interpretation that is up to the discretion of the trader?

Russ
EU 5min off the ma
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Quoting forexjedi1
How far is too far? I am still studying the thread and the other related threads and this may have been discussed already. If so, i'll find it. Is there an objective measure for how far price/channel has moved from the 200SMA before the trade is invalid? Is there a percentage of the ATR or ADR that says don't trade? Does it remain a visual interpretation that is up to the discretion of the trader? Russ
Hi

It's a good question but one that unfortunately I cannot give a mathematical answer to.

The further away price is from the SMA, the more chance it could spring back toward it (or stall enough for the SMA to catch up). Armed with that knowledge, it really depends on the risk tolerance of the individual trader (and the look and feel of the individual trade).

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A random chart example, showing the approximate distance from the SMA to the bottom of the channel. Notice that, each time, price retraced toward SMA. But the value in pips was different each time. So yes, it probably does have to remain a visual interpretation by the trader.
Quoting LauraT
{quote} Hi It's a good question but one that unfortunately I cannot give a mathematical answer to. The further away price is from the SMA, the more chance it could spring back toward it (or stall enough for the SMA to catch up). Armed with that knowledge, it really depends on the risk tolerance of the individual trader (and the look and feel of the individual trade). {image} A random chart example, showing the approximate distance from the SMA to the bottom of the channel. Notice that, each time, price retraced toward SMA. But the value...
Thank You LauraT for clarifying.

Russ
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A pretty standard channel cross trade.

What I wanted to point out on this one though is that my logical target (daily open line) was exceeded.

It's worth watching price action when an instrument reaches your target (assuming you are able to be infront of the screen).

As you'll see from the chart, price eventually burst through the daily open line with a very strong candle and I was able to make a few extra points just by sitting on my hands.
Quoting OAPDave
{quote} Hope your keeping well mate, bit of a bummer with no footy, do you ever bump into any of the old gang
Hi Dave - yes gets boring with no footy.

I'm in regular contact with your mate north of the border plus a couple of others.

Interesting system this.
Quoting LauraT
{quote} Hi It's a good question but one that unfortunately I cannot give a mathematical answer to. The further away price is from the SMA, the more chance it could spring back toward it (or stall enough for the SMA to catch up). Armed with that knowledge, it really depends on the risk tolerance of the individual trader (and the look and feel of the individual trade). {image} A random chart example, showing the approximate distance from the SMA to the bottom of the channel. Notice that, each time, price retraced toward SMA. But the value...
Further to this, here's an example where price was racing ahead of SMA but didn't really retrace. Cases like this mean it's quite difficult to come up with a hard and fast rule.

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hi laura ..i really like the simplicity of your trading .....my daily open line is 40 pips away from urs ...do u trade chds obn mt4 or futures???
d u trade cfds or futures ...sorry mispelled
Quoting bettervolume
hi laura ..i really like the simplicity of your trading .....my daily open line is 40 pips away from urs ...do u trade chds obn mt4 or futures???
Hi

Futures for indices/oil.
Quoting OAPDave
{quote} 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
Quite right, Dave. Life's too short. If you have something that works for you and you know will always have your back, then wth shouldn't you use it any chance you get?! I have to say, that I too now have a chart that is set aside for your Special Sauce and it's always worth a look see.

Enjoy every sandwich!
- Warren Zevon
Quoting handy148
{quote} Hi Dave - yes gets boring with no footy. I'm in regular contact with your mate north of the border plus a couple of others. Interesting system this.
Thanks for the update, hope they are doing OK, hope (C) is going good now and What can I say about (H) really great guy but when he got into full flow could never understand a word he was on about but unfortunately my wife always sat behind me in our office when (H) and me were on Skype and she understood all the swear words, hence kept giving me grief
Keep well, Keep safe my friend
ps
Yes i think Laura as got a good thread and she know her stuff, but for me the best thing is she teaches well, nothing to much trouble to explain
Quoting lemercenaire
{quote} Quite right, Dave. Life's too short. If you have something that works for you and you know will always have your back, then wth shouldn't you use it any chance you get?! I have to say, that I too now have a chart that is set aside for your Special Sauce and it's always worth a look see. Enjoy every sandwich! - Warren Zevon
See you just prove me right,
You are a nice guy and sensible now, if you have got a magic sauce chart set up hahahahaha
Thanks Lem
Keep well, keep safe my friend
Dave
Quoting OAPDave
{quote} See you just prove me right, You are a nice guy and sensible now, if you have got a magic sauce chart set up hahahahaha Thanks Lem Keep well, keep safe my friend Dave
You too, Dave. Y'er a scholar and a gentleman!
Quoting LauraT
{image} A pretty standard channel cross trade. What I wanted to point out on this one though is that my logical target (daily open line) was exceeded. It's worth watching price action when an instrument reaches your target (assuming you are able to be infront of the screen). As you'll see from the chart, price eventually burst through the daily open line with a very strong candle and I was able to make a few extra points just by sitting on my hands.
Do you remember the rsi reading at the moment when the channel was crossing the sma?
Hello Ms Laura
I hope you are well and always happy and successful
Your strategy gave me a great idea to get out of the deal.
I wanted to thank you for that.
Ripper Thread LauraT, I wondered if MA_IN_COLOR would be any use to you , helps as a REMINDER as to the TREND DIRECTION , cheers SP
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