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Roadmap - A Way To Read Markets

  • #1,701
  • May 17, 2020 11:17am May 17, 2020 11:17am
Hello Laura,

First, thank you so much for sharing your knowledge/methods/strategy freely with every budding trader like myself. I have to learned a lot from it and will put it to use tomorrow. I have also gone through your journal and I have a query relating to ADR failures and ADR counters. Could you kindly elaborate more on these two...they seem the same to me.
"You can't buy the bottom, nor sell the top. The best you can strive for is
  • #1,702
  • May 17, 2020 1:38pm May 17, 2020 1:38pm
Quoting LauraT
Further Trendlines Example - Anatomy of a Trade I couldn't sleep, so I've updated my journal with a section on the use of trendlines here: https://www.forexfactory.com/showthr...1#post12945001 In it I walk through a hypothetical trade from start to finish, including taking partial profits and adding new positions to the original entry. I appreciate there have been questions around exits and I hope this example might provide a few ideas for people concerning how to manage positions. I discuss 3 types of lines, normal trendlines,...

Very clear and nice explanation with detailing. It will help me a lot. Thanks for your time and effort.
  • #1,703
  • May 17, 2020 2:25pm May 17, 2020 2:25pm
Thanks Laura,
I have been able to grow my real in 103% in few weeks with your strategy, while having some issues with some indicators, as you advised in PM I was able to fix RSI, but still the dash board is same on all pairs.
Can someone help me to fix this please.
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  • #1,704
  • May 17, 2020 5:34pm May 17, 2020 5:34pm
Quoting Dinimuthoo
Thanks Laura, I have been able to grow my real in 103% in few weeks with your strategy, while having some issues with some indicators, as you advised in PM I was able to fix RSI, but still the dash board is same on all pairs. Can someone help me to fix this please. {image}
If you post the issue with dash board then some one will be able to help.
  • #1,705
  • May 17, 2020 5:43pm May 17, 2020 5:43pm
Quoting Nonip
Hello Laura, First, thank you so much for sharing your knowledge/methods/strategy freely with every budding trader like myself. I have to learned a lot from it and will put it to use tomorrow. I have also gone through your journal and I have a query relating to ADR failures and ADR counters. Could you kindly elaborate more on these two...they seem the same to me.
Hi

The difference is small. An ADR counter is where price reaches ADR High/Low and reverses. An ADR failure is where the channel goes partially above/below ADR High/Low and then returns to the other side (same idea as a normal channel failure, except for ADR line instead of SMA).

Hope this helps clarify.
  • #1,706
  • May 17, 2020 5:53pm May 17, 2020 5:53pm
Hi Laura,

I've followed your thread eagerly since the very first page. I've followed up every evening reading and going faithfully. Even though profit has eluded me, I recognize I've been slacking, and after blowing yet another account, I've vowed to repent from my fool hardy ways, and master my emotions, stick to the rules.

My post here is two-fold. Thank you for you awesome guidance, timely replies and generosity. Its my hope that this post will be my point of accountability as I follow through on the system.

Happy pips to all in the coming week.
  • #1,707
  • May 17, 2020 7:06pm May 17, 2020 7:06pm
You indeed cannot win them all....
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  • #1,708
  • May 17, 2020 7:23pm May 17, 2020 7:23pm
Aiming the top of the channel
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  • #1,709
  • May 17, 2020 8:31pm May 17, 2020 8:31pm
Quoting Cnvrsn
Aiming the top of the channel {image}
Is your SMA200 line correct?
  • #1,710
  • May 17, 2020 9:13pm May 17, 2020 9:13pm
Quoting KevinZeng
{quote} Is your SMA200 line correct?
looks like he's using 200EMA instead of 200SMA.
  • #1,711
  • May 17, 2020 9:58pm May 17, 2020 9:58pm
Quoting Cnvrsn
Aiming the top of the channel {image}
In addition to using the wrong Moving Average, you were fighting against bearish momentum as per below chart.

Attached Image (click to enlarge)
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  • #1,712
  • May 17, 2020 11:16pm May 17, 2020 11:16pm
Anyone experienced in this method can chip in to assess my analysis and give feedback.Positive criticism very much welcomed.

1.The pair has already hit ADR high and is headed south.
2. RSI reading well below 40.
3. Waiting for a channel cross before entry.
4. The MTF dashboard will be in agreement once the channel crosses the SMA 200. (notice TF is 5mins).

Have I missed something?
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"You can't buy the bottom, nor sell the top. The best you can strive for is
  • #1,713
  • May 17, 2020 11:19pm May 17, 2020 11:19pm
Quoting Nonip
Anyone experienced in this method can chip in to assess my analysis and give feedback.Positive criticism very much welcomed. 1.The pair has already hit ADR high and is headed south. 2. RSI reading well below 40. 3. Waiting for a channel cross before entry. 4. The MTF dashboard will be in agreement once the channel crosses the SMA 200. (notice TF is 5mins). Have I missed something? {image}
Hi

I think you need to refresh your chart. Your ADR doesn't appear to be working properly (it hasn't been hit today).
  • #1,714
  • May 17, 2020 11:27pm May 17, 2020 11:27pm
Quoting LauraT
{quote} Hi I think you need to refresh your chart. Your ADR doesn't appear to be working properly (it hasn't been hit today).
No, look at the readout very top LEFT, he has ADR Value set to " 0 "

ANd check the text on the red line, High and Low are printed over each other

User Error
It takes a lot for me to IGNORE you, but you can try.
  • #1,715
  • May 17, 2020 11:36pm May 17, 2020 11:36pm
Quoting Erebus
{quote} No, look at the readout very top LEFT, he has ADR Value set to " 0 " ANd check the text on the red line, High and Low are printed over each other User Error
But I have not touched it at all.Just loaded the template.
"You can't buy the bottom, nor sell the top. The best you can strive for is
  • #1,716
  • May 17, 2020 11:42pm May 17, 2020 11:42pm
When I upload the same template on another pair it works okay. What could be the issue EREBUS

The second screenshot shows the ADR settings in the flawed chart.
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"You can't buy the bottom, nor sell the top. The best you can strive for is
  • #1,717
  • May 17, 2020 11:51pm May 17, 2020 11:51pm
Quoting Nonip
When I upload the same template on another pair it works okay. What could be the issue EREBUS The second screenshot shows the ADR settings in the flawed chart.
IDK, I think I was wrong when I said the setting was ZERO

Anyway, check the settings, change time frames, try to get the chart to Refresh the data, maybe that pair missed the start

Have a play with it, apply the Template again, have to be independent, think for yourself

Cheers, have a good week all
It takes a lot for me to IGNORE you, but you can try.
  • #1,718
  • May 18, 2020 12:02am May 18, 2020 12:02am
Quoting Nonip
When I upload the same template on another pair it works okay. What could be the issue EREBUS The second screenshot shows the ADR settings in the flawed chart. {image} {image}
The only time I've seen that happen is when there isn't enough history for an instrument (it needs 14 trading days to calculate from). I'd be very surprised if a pair like NU didn't have all the necessary history but, just in case, try clicking Charts then Refresh.
  • #1,719
  • May 18, 2020 12:15am May 18, 2020 12:15am
Attached Image (click to enlarge)
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Long entry on SPX. Entered when speed line (green) was broken as price was being supported by trendline (white). Exited when price spiked in my favour.
  • #1,720
  • May 18, 2020 12:27am May 18, 2020 12:27am
Is this a sell-entry in your opinion?
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