Roadmap - A Way To Read Markets | Page 78 | 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

  • #1,541
  • May 12, 2020 2:36pm May 12, 2020 2:36pm
Attached Image (click to enlarge)
Click to Enlarge Name: Ger30Sb620M1.png Size: 42 KB


A little bit of Dax action before finishing for the day.

I often mention 'logical targets'. In this case, it was Yesterday's Low.
  • #1,542
  • May 12, 2020 2:59pm May 12, 2020 2:59pm
Quoting LauraT
{image} A little bit of Dax action before finishing for the day. I often mention 'logical targets'. In this case, it was Yesterday's Low.
Seems I wasn't quite done after all. Couple of Dow trades that turned into runners. Exited down at ADR Low.

Attached Image (click to enlarge)
Click to Enlarge Name: UsaIndSb620M1.png Size: 40 KB
  • #1,543
  • May 12, 2020 3:28pm May 12, 2020 3:28pm
Quoting Marcelomtn
{quote} it's next to the rsi 14
can't see it but that's me :-)
every Saint has a past. Every Sinner has a Future
  • #1,544
  • May 12, 2020 4:20pm May 12, 2020 4:20pm
Quoting LauraT
{quote} Seems I wasn't quite done after all. Couple of Dow trades that turned into runners. Exited down at ADR Low. {image}
What made you enter these trades? The blue line was holding as support. Is it not better to wait for a break and retest?
  • #1,545
  • May 12, 2020 4:21pm May 12, 2020 4:21pm
Quoting LauraT
{image} A little bit of Dax action before finishing for the day. I often mention 'logical targets'. In this case, it was Yesterday's Low.
And why enter at this point specifically? Short term lower high?
  • #1,546
  • May 12, 2020 5:26pm May 12, 2020 5:26pm
Hi Laura

This is a great informative thread, read everything to last post, felt like spoonfed enough to get up on my feet and walk on my own. I admire your guidance on stoping loss and your intelligence on entries, the goal of profit and your teaching skills in kindness, already have the indis and temp on my mt4, and I will give the hours to getting the pleasure of doing what you do.

If I may ask, which brokers would you advice on? Thanks.
  • #1,547
  • May 13, 2020 1:21am May 13, 2020 1:21am
Hi Laura
Thank you so much for sharing this strategy.
I'm attaching some of my first few trades. 3 Winners and 1 Loss

CHFJPY Long
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPY Long 12 May 2020.png Size: 91 KB



EURJPY Long
Attached Image (click to enlarge)
Click to Enlarge Name: EJ Long 12 May 2020.png Size: 92 KB



NZDJPY Long
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPY Long 12 May 2020.png Size: 91 KB



USDJPY Long
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Long 12 May 2020.png Size: 87 KB
  • #1,548
  • Edited 1:42am May 13, 2020 1:30am | Edited 1:42am
want try something extreme not by rules (marry this strategy with other one)on demo acc.will post what will happen.my goal is to deal with psihology,if I take trades with such high risk reward i am no hope that any of thease trades will win(with RR 1:1 every trader have stress and hope that trade will turn in profit,and make mistakes close trades early etc..).but in long run some trades can win and cover many loses,but question is if it will hapen,I will test it for one week
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 13-May-20 9-26-50.png Size: 43 KB
Click to Enlarge Name: 13-May-20 9-27-18.png Size: 41 KB
Click to Enlarge Name: 13-May-20 9-27-47.png Size: 44 KB
Click to Enlarge Name: 13-May-20 9-28-10.png Size: 45 KB
Click to Enlarge Name: 13-May-20 9-28-30.png Size: 46 KB
Click to Enlarge Name: 13-May-20 9-29-30.png Size: 24 KB
  • #1,549
  • May 13, 2020 1:57am May 13, 2020 1:57am
another one
Attached Image (click to enlarge)
Click to Enlarge Name: 7777777777.png Size: 50 KB
  • #1,550
  • May 13, 2020 2:27am May 13, 2020 2:27am
Quoting andys0506
{quote} What made you enter these trades? The blue line was holding as support. Is it not better to wait for a break and retest?
Because the line had been partially penetrated very recently and it was about to be revisited again, my first entry was in anticipation of it failing. My second entry was when price started to roll over, after the line had been broken previously.

When a support or resistance line is visited repeatedly in a short timescale the likelihood of it breaking increases significantly.
  • #1,551
  • May 13, 2020 2:30am May 13, 2020 2:30am
Quoting andys0506
{quote} And why enter at this point specifically? Short term lower high?
Short term lower low actually. A few bars before my entry. It had looked like it was going to mount a solid retracement but the lower low suggested the retracement wasn't strong. As it happened, I did have to sit through a bit of retracement before it turned my way, but nothing major.
  • #1,552
  • May 13, 2020 2:32am May 13, 2020 2:32am
Quoting Ndabezinhle
Hi Laura This is a great informative thread, read everything to last post, felt like spoonfed enough to get up on my feet and walk on my own. I admire your guidance on stoping loss and your intelligence on entries, the goal of profit and your teaching skills in kindness, already have the indis and temp on my mt4, and I will give the hours to getting the pleasure of doing what you do. If I may ask, which brokers would you advice on? Thanks.
Welcome to the thread. Thanks for reading it all

I'm afraid I don't want to recommend any brokers but there are a few broker ranking lists available online you might want to check.
  • #1,553
  • May 13, 2020 2:34am May 13, 2020 2:34am
Quoting tom2749
Hi Laura Thank you so much for sharing this strategy. I'm attaching some of my first few trades. 3 Winners and 1 Loss CHFJPY Long {image} EURJPY Long {image} NZDJPY Long {image} USDJPY Long {image}
Nice results On the UJ trade, you were fighting against bearish momentum. Try to wait until there are signs of a change of direction before entering.
  • #1,554
  • May 13, 2020 2:51am May 13, 2020 2:51am
UC m5, long channel trade, TP was daily open.
after my entry it became a channel failure, but i was lucky and not stopped out.
Attached Image (click to enlarge)
Click to Enlarge Name: 13.5.USDCADM5.png Size: 73 KB
trading is like dancing, don't think and just listen to the music!
  • #1,555
  • May 13, 2020 3:15am May 13, 2020 3:15am
UC trade I took this morning. EMA bands had been resting SMA, MTF SMA was bullish price was touching the top of the EMA so I got long and closed just under the daily open.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 23 KB
  • #1,556
  • May 13, 2020 3:17am May 13, 2020 3:17am
thanks for the strategy LauraT very clear charts,real roadmap for trading.love it.I re enter my losing trades by channel confirmation,for now at loss but lets see further
  • #1,557
  • May 13, 2020 3:36am May 13, 2020 3:36am
usdcad chfjpy eurjpy for every trade from start I say godbye but some maybe will done job
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 666.png Size: 48 KB
Click to Enlarge Name: 888888.png Size: 45 KB
Click to Enlarge Name: 99999999.png Size: 46 KB
  • #1,558
  • May 13, 2020 3:41am May 13, 2020 3:41am
Quoting ficibald
usdcad {image}
I know you've said you are trading higher risk options for potentially better reward (and lower win rate) but, for the benefit of others looking at your trade, I just want to point out that you've entered quite far from the channel. Normally this would be considered 'chasing price'.
  • #1,559
  • May 13, 2020 3:48am May 13, 2020 3:48am
Quoting LauraT
{quote} I know you've said you are trading higher risk options for potentially better reward (and lower win rate) but, for the benefit of others looking at your trade, I just want to point out that you've entered quite far from the channel. Normally this would be considered 'chasing price'.
yes you are right in usdcad I need to wait for retrace or not to enter not good trade
  • #1,560
  • May 13, 2020 4:14am May 13, 2020 4:14am
Morning Nasdaq - UK time until 10am - 1 minute

Two trades with '?' mark, were inadvertently taken against the 200 ma. I should be more careful and consider myself lucky they were okay - this time, but my discipline slipped.
Great approach Laura. I overlay it with my altered Ichimoku trades and get similar results but your layout is far quicker to trade with.
Attached Image (click to enlarge)
Click to Enlarge Name: Naz13Mayam.png Size: 528 KB
every Saint has a past. Every Sinner has a Future
2 traders viewing now