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Roadmap - A Way To Read Markets

  • #2,241
  • Jun 3, 2020 7:47pm Jun 3, 2020 7:47pm
Quoting LauraT
Closed out a FTSE trade +81. Waited for bearish momentum to end (trendline) before getting long. {image} I'm hesitant to keep posting trades like this as they are basic roadmap trades and don't contain much in the way of learning. However, I'm also conscious that they might give others encouragement as to what's possible. So, I'll probably continue to post the occasional trade to the thread
Love seeing these trades of yours, you make it look so easy.
All you touch and all you see, is all your life will ever be.
  • #2,242
  • Jun 3, 2020 9:06pm Jun 3, 2020 9:06pm
Quoting LauraT
{quote} Depends what timeframe you want to trade it on. If 1m, use the oil/indices method, if 5m use the currencies method. Hope this helps.
Thank You!
  • #2,243
  • Jun 3, 2020 10:17pm Jun 3, 2020 10:17pm
Hi Laura,

I have just been analyzing my negative trades and I realized I don't have a complete understanding of what is completely "proven wrong". Is being proven wrong when the factors changed against the entry criteria?

For example if I had entered a buy trade
1. Channel cross above the 200SMA
2. Minimum 3 out 4 MTF inline with trade
3. Comp RSI Above 60
4. in line with trendline/speedline (not buying against momentum)

Does that mean if any of the entry criteria are violated during the trade, it would mean that I have been proven wrong? Or only Channel cross is valid exit point?
1. Channel cross below
2. MTF with more than 2 not inline
3. CompRSI drops below 60
4. Price below trendline/speedline

Or are there other factors i should be considering?

Many thanks in advance for all the guidance!
Ryan
  • #2,244
  • Jun 4, 2020 12:50am Jun 4, 2020 12:50am
Hi LauraT and forexfactory friends,

Well, I want to say thank you for sharing this wonderful trade method. and I very appreciated everyone who posts their success and failure trade which I learned a lot.
Currently, I read through page 50 and gonna keep up with everyone soon.

This is my first trade.

Cheers,
Flook
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  • #2,245
  • Jun 4, 2020 2:19am Jun 4, 2020 2:19am
My deals today. According to this strategy.

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  • #2,246
  • Jun 4, 2020 3:16am Jun 4, 2020 3:16am
Quoting LauraT
Another 240 points on Dow. Some weeks the sun shines, and you have to make hay Pretty standard trade, waited for bearish momentum to clear and got long. {image}
Hello, tell me which broker you use with indexes?
  • #2,247
  • Jun 4, 2020 3:30am Jun 4, 2020 3:30am
Quoting rtxm
Hi Laura, I have just been analyzing my negative trades and I realized I don't have a complete understanding of what is completely "proven wrong". Is being proven wrong when the factors changed against the entry criteria? For example if I had entered a buy trade 1. Channel cross above the 200SMA 2. Minimum 3 out 4 MTF inline with trade 3. Comp RSI Above 60 4. in line with trendline/speedline (not buying against momentum) Does that mean if any of the entry criteria are violated during the trade, it would mean that I have been proven wrong? Or only...
Hi

For a channel cross, being proven wrong could come in two forms. One will allow the trade the maximum 'breathing room' and the other will cut losses quicker.

You are proven wrong if either the channel crosses back over the SMA200 or if a trendline/speedline is broken.

Hope this helps.
  • #2,248
  • Jun 4, 2020 6:40am Jun 4, 2020 6:40am
I'm only posting these charts because they were profitable
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every Saint has a past. Every Sinner has a Future
  • #2,249
  • Jun 4, 2020 6:49am Jun 4, 2020 6:49am
Quoting indalico
Hello everyone, this is my small contribution in case someone finds it useful. I have merged the trend band with the RSI strenght into a single indicator, simplified the code and added the option to refresh only on bar close to optimize MT4 resources. You have to play with the colors of the button border color and the button back color, if you put both with the same color as your chart background it will look similar to the strenght dashboard. {file} {image}
Hi!

Just saying hello and joining the roadmapers .. Thanks so much Laura for all your time and dedication to guide traders to achieve their goals, I'm testing your system before going live and its amazing!

And thank Indalico for the merged RSI and Dashboard, it works perfectly! Laura if I may suggest, you can post it in the first page, for the newcomers It will be easier to set up, without figuring out the X / Y axis jeje.

I'll start posting once I start Forward testing.

I wish a lot of pips to everyone! (:
  • #2,250
  • Edited 7:40am Jun 4, 2020 7:05am | Edited 7:40am
no signals for me this morning so stait waiting patiently untilll NZDUSD came along, sold at ADR high
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MTF PA with indicators = a winning team
  • #2,251
  • Jun 4, 2020 8:49am Jun 4, 2020 8:49am
Hi,
This is my POST #1 after so many years.
I have been digesting the Roadmap Trading system for a while and today I have managed to put some test on it and have the opprtunity to pull a trigger using this system. Trade on 5M EURUSD as after both EMAs crossed the SMA200 ferociously and waited for some retracement (but still it hovers above SMA200 and stood at EMA8 Lower Band) and from there I decided to take a shoot. TP at ADR high as it has been broken earlier and SP at below SMA200 and sligtly below daily open.

Dear Laura... Can you verify whether this is your textbook trade ?. Anyway thank again for quite a simple system but it looks really promising.

Thanks
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  • #2,252
  • Jun 4, 2020 8:58am Jun 4, 2020 8:58am
This is a good trade, I have the same going on for the same reasons. You could have finetuned the entry on the 1MY
You could have added for reasons that RSI was above 60 and that at least 2 MTF were green.
MTF PA with indicators = a winning team
  • #2,253
  • Jun 4, 2020 9:11am Jun 4, 2020 9:11am
Nasdaq
Price moved above the gap for a long ( first pink rectangle) then back down through previous high for a few ( but keep in mind you are above the 200ma so grab what you can ( stops).
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every Saint has a past. Every Sinner has a Future
  • #2,254
  • Jun 4, 2020 10:13am Jun 4, 2020 10:13am
nice winner in GBPUSD
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MTF PA with indicators = a winning team
  • #2,255
  • Jun 4, 2020 10:41am Jun 4, 2020 10:41am
Quoting turnip15
Nasdaq Price moved above the gap for a long ( first pink rectangle) then back down through previous high for a few ( but keep in mind you are above the 200ma so grab what you can ( stops). {image}
A good session on the Nas. Well - couple of hours ( I am old and tire easily)
Enjoy your day.
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every Saint has a past. Every Sinner has a Future
  • #2,256
  • Jun 4, 2020 11:47am Jun 4, 2020 11:47am
Hi all, Just 1 trade today in DOW long ,it was a bad execution in both sides looking in hindsight, but at the moment price was at 200sma which was rising , and everything was pointing to a higher high, faced a big DD with price on the other side of 200sma, I could have even taken a couple of valid short trades instead an agonising DD, but happy with the 60 points I took,I notice that 200sma usually works as a magnet to price ,when is first touched after a run, so can be very forgiving even in bad entries.
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  • #2,257
  • Jun 4, 2020 12:00pm Jun 4, 2020 12:00pm
Quoting Nick24
Hi all, Just 1 trade today in DOW long ,it was a bad execution in both sides looking in hindsight, but at the moment price was at 200sma which was rising , and everything was pointing to a higher high, faced a big DD with price on the other side of 200sma, I could have even taken a couple of valid short trades instead an agonising DD, but happy with the 60 points I took,I notice that 200sma usually works as a magnet to price ,when is first touched after a run, so can be very forgiving even in bad entries. {image}
Hi

Are you not using trendlines? A simple trendline joining the highs would have kept you out of that trade.

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  • #2,258
  • Jun 4, 2020 1:57pm Jun 4, 2020 1:57pm
Hello,

The picture is a demo trade. I only took it to make clear what my problem is.
The trendlines should help to see if ther is bearish momentum or bullish momentum to reckon with.
I hope someone can clarify how it works in a situation like this.
Or should I only take trade where there is no trendlik=ne to be drawn either to the up- or downside...

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Best regards,
Ben
  • #2,259
  • Jun 4, 2020 2:03pm Jun 4, 2020 2:03pm
Hi guys, not the best of trading days today.
GU and US500 were a bust, broke the rules on those, more on GU than US500 I'd say.
But what's the point to show only good trades right? Learning time still.

And hey lem and turnip, hope you guys are well. Might pop in to say hello to Billy as well.
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  • #2,260
  • Jun 4, 2020 2:08pm Jun 4, 2020 2:08pm
Quoting OAPDave
{quote} Lem Sit down Take a deep breath Are you sitting Comfortable Then I will begin ITS GOT NOTHING TO DO WITH MR MURREY Did I really say that, better go and wash my mouth out with soap
Shock...Horror...Stop The Presses! Are you feeling alright, Dave?

Anyway, sorry, Laura. I (we) will stop cluttering up your thread now. Won't we, Dave?
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