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Roadmap - A Way To Read Markets

  • #1,661
  • May 15, 2020 9:14am May 15, 2020 9:14am
Quoting LauraT
{quote} Great analysis again, thank you. I like your approach to scaling in. Waiting for confirmation that you've picked the right direction means, if you're wrong initially, you're only risking half your size
Humbled, Sensei
I hope to find some time this weekend to capture some thoughts on what key things have helped me get to this point and post.
I am not an expert yet, but am further on the journey than I was several weeks ago. Hopefully can assist someone else.

Quick update on EURUSD posted earlier. Great way to go into the weekend

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  • #1,662
  • May 15, 2020 9:15am May 15, 2020 9:15am
Quoting ezmonyfx
Thank you Laura{image}
Which 200 MA timeframe are you using mostly?
Anything above the line is an uptrend, below the line is a downtrend.
  • #1,663
  • May 15, 2020 9:25am May 15, 2020 9:25am
Quoting TheG-Lover
{quote} Humbled, Sensei I hope to find some time this weekend to capture some thoughts on what key things have helped me get to this point and post. I am not an expert yet, but am further on the journey than I was several weeks ago. Hopefully can assist someone else. Quick update on EURUSD posted earlier. Great way to go into the weekend {image}
That'd be great. I think it'd really help others to hear how the journey progressed. I find it difficult to put myself in the shoes of people new to this methodology as I've traded it for so long.

Look forward to your update.
  • #1,664
  • May 15, 2020 9:42am May 15, 2020 9:42am
Nasd UK pm
Happy bunny compared to this morning.
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every Saint has a past. Every Sinner has a Future
  • #1,665
  • May 15, 2020 9:45am May 15, 2020 9:45am
Quoting LauraT
{quote} Plenty more opportunities just around the corner
And there was Laura -see post above
every Saint has a past. Every Sinner has a Future
  • #1,666
  • May 15, 2020 9:49am May 15, 2020 9:49am
Quoting LauraT
{image} Scalped a bit from the Dow. Two factors got me in. The bearish trendline was broken and the channel crossed SMA. Exit was supposed to be at daily open line but my focus was elsewhere when it hit.
Was that trend line from a higher time frame Laura ?
every Saint has a past. Every Sinner has a Future
  • #1,667
  • May 15, 2020 9:55am May 15, 2020 9:55am
Little triangle breaking down below 200- Open line is below
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every Saint has a past. Every Sinner has a Future
  • #1,668
  • May 15, 2020 9:58am May 15, 2020 9:58am
Quoting turnip15
Little triangle breaking down below 200- Open line is below {image}
Closed near open line - not risking what I got - then it moves lower.

EDIT: have a good week end all. Hope the sun shines.
Back next week.
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every Saint has a past. Every Sinner has a Future
  • #1,669
  • May 15, 2020 10:00am May 15, 2020 10:00am
Quoting turnip15
{quote} Was that trend line from a higher time frame Laura ?
No, it was drawn earlier on the 1m to alert me to the bearish/sideways action being broken.
  • #1,670
  • May 15, 2020 10:08am May 15, 2020 10:08am
Quoting Degolep
{quote} Which 200 MA timeframe are you using mostly?

See POST 1.
every Saint has a past. Every Sinner has a Future
  • #1,671
  • May 15, 2020 10:08am May 15, 2020 10:08am
my best trade today was GC m1 short, trigger was rejection of daily low and important TL overhead:
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trading is like dancing, don't think and just listen to the music!
  • #1,672
  • May 15, 2020 10:10am May 15, 2020 10:10am
Enjoy the week end.
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every Saint has a past. Every Sinner has a Future
  • #1,673
  • May 15, 2020 10:57am May 15, 2020 10:57am
[quote = LauraT; 12942152] Tüm grafik örneklerini ve analizlerini görmek harika. Teşekkürler millet [/ alıntı]


Hello Laura, we succeed in the entries process returns without TP. We are sl. Does this have any control?
Best regards
  • #1,674
  • May 15, 2020 11:01am May 15, 2020 11:01am
My trades from today

EDIT: While they were successful in the end, they were also twice riskier because both them were of same currency running at the same time, in this case GBP.

GJ from earlier today
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GU from earlier today
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  • #1,675
  • May 15, 2020 11:20am May 15, 2020 11:20am
Quoting karun
My trades from today. GJ from earlier today {image} GU from earlier today {image}
Love the analysis and how you are staying pure to Roadmap, not complicating or trying add your own indicators, etc.

Based on my own journey, you are just working on your precision....in my journey
I became too obsessed with getting "perfect" precision.
Your analysis will help with that, but I had to learn that not every chart and every moment is the same.
Therefore, the more precise you become the less trades you will get.
As an engineer by training, I have had to fight this tendency of my nature.
You don't want an engineer "just getting it close" in building a bridge you drive on, but it is a death blow in trading.

Here is what I would say about your trade.
First and foremost, it was a winner.
Second you capture >75% of the total "perfect"move you can see
You beat 97% of all traders.
  • #1,676
  • Edited 12:30pm May 15, 2020 11:51am | Edited 12:30pm
Quoting TheG-Lover
{quote} Love the analysis and how you are staying pure to Roadmap, not complicating or trying add your own indicators, etc. Based on my own journey, you are just working on your precision....in my journey I became too obsessed with getting "perfect" precision. Your analysis will help with that, but I had to learn that not every chart and every moment is the same. Therefore, the more precise you become the less trades you will get. As an engineer by training, I have had to fight this tendency of my nature. You don't want an engineer "just getting...
I think this highlights an important point.

Full disclosure, I'm not the best trader in the world. My exits can be sloppy, my entries can be ill-disciplined, I can break my own rules etc etc.

But I have a strategy I have confidence in and my stats tell me I have an edge which is consistent across the ranges of time and different market conditions. I don't have to be a perfect trader to succeed, and neither do any of you. What I've tried to set out in this thread and my journal is something accessible, but that doesn't make it easy.

The striving for perfection can be the enemy of success. Too many traders jump from one idea to the next, looking for the 'perfect' strategy. One that won't involve any emotional pain or gut-wrenching losses. One that will offer certainty.

Of course, they don't find it. It doesn't exist. We are involved in a pursuit which is inherently uncertain. We are also involved in a pursuit which involves often being wrong as much as being right, but still being allowed to come out ahead. We're involved in a pursuit where you can sit diligently in front of your screen for 10 hours and make next to nothing or you can walk into the room, catch an immediate 100 pip runner and be set for the day/week.

Analysis is good. Striving to be better is healthy. But so is accepting your own human nature for fallibility and the ever-present uncertainty of trading. You won't nail every move and, even if you find the perfect entry, price will still occasionally turn around on you as soon as you enter.

It's trading. Gotta love it to do it
  • #1,677
  • May 15, 2020 12:13pm May 15, 2020 12:13pm
US Morning trade in AUDUSD.

I know a loser is coming, where I get it all wrong or just the fickle fate of the market movements....
But loving it all right now .

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  • #1,678
  • May 15, 2020 12:17pm May 15, 2020 12:17pm
My trade of day thanks Laura T :-)
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  • #1,679
  • May 15, 2020 12:25pm May 15, 2020 12:25pm
what laura has set up here is unique and I prefer the simple thing on her System
  • #1,680
  • May 15, 2020 12:27pm May 15, 2020 12:27pm
Quoting gcampigli
My trade of day thanks Laura T :-) {image}
Just a beautiful picture! Well traded !
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