Roadmap - A Way To Read Markets

Quoting notyetthere

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I use an additional trick using MTF charts: 1M 5M and 15M and I want to see them rollover before taking a solid position

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Quoting oradba

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Laura T - Thank you. It took a little studying, but I am beginning to understand. One question (for the forum as well) - I've noticed that the more experienced traders pile on positions at timeS. Stomach for risk aside, how does one determine when it makes sense to do so? My goal is to get to one hundred pips per day, then I can focus on trading full-time. Again, thank you for your generosity in sharing your edge. There's crumbs enough for all of us to earn a comfortable living. By the way - for those of you with day jobs, these trades are all in...

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Quoting LauraT

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{quote} Hi - very solid returns, well done Are you asking about adding to positions? For me personally, additions are when I'm in profit by a decent amount and the market i'm in has seemed to complete a retracement. Occasionally though, you catch a market that just wants to run and run and there is rarely a bad place to add to those. But I'd say it's perfectly possible to profit from a one-entry one-exit approach. Really just personal preference in the end.

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Quoting LauraT

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{quote} Hi - very solid returns, well done Are you asking about adding to positions? For me personally, additions are when I'm in profit by a decent amount and the market i'm in has seemed to complete a retracement. Occasionally though, you catch a market that just wants to run and run and there is rarely a bad place to add to those. But I'd say it's perfectly possible to profit from a one-entry one-exit approach. Really just personal preference in the end.

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Quoting birdland

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what i like, use, implement and make it my own are 1) the 8EMA high/low (that was really new to me) 2) 200SMA 3) the TLs of course! and sometimes i use the ADR, daily high/low indis and daily open. i dont use the RSI and MultiTimeFrame board indis. they are more confusing me than supporting;-) but thats just me... so thx again laura for showing us your approach/roadmap {image}

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Quoting M.Propper

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{quote} my pleasure. Nevertheless, I would like the opinion of the members about the setting of the indicator. Can't be that is optimal for all three levels 24? {image}

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Quoting campco

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{quote} Hello Laura and Mr Propper, I have the same ADR indicator. When setting the DWMRangers to 14 i keep a substantial difference with !SM_ADR Marker. When changing the TimeZoneData and TimeZoneOf Session settings in !SM_ADR Marker the difference stay big compared to the other one. So I think I'll better use the same as Laura (being on the same page), but.... which settings for those 2 timezone should I be using...??? I'm in the Netherlands (GMT+1, in summer that is GMT+2). Best regards, Ben

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Quoting TheG-Lover

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I have not been able to post much as I have been full on trading the roadmap this past week and my other job. Waking up early at 2:30am local time and trading the Europe session and then running my day job starting at 0700. But wanted to take a moment and give tip of the hat to LauraT Entering trades only during the Europe sessions from 0300 to ~0700 CDTUS. Results:: 23 trades:: 16 winners and 7 Losers :: 70% Avg Winner = 20.9 pips Avg Loser = 7.5 pips Net Pips = 281.9 Thank you for so generously sharing this process and the ongoing coaching/mentoring...

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Quoting TheG-Lover

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I have not been able to post much as I have been full on trading the roadmap this past week and my other job. Waking up early at 2:30am local time and trading the Europe session and then running my day job starting at 0700. But wanted to take a moment and give tip of the hat to LauraT Entering trades only during the Europe sessions from 0300 to ~0700 CDTUS. Results:: 23 trades:: 16 winners and 7 Losers :: 70% Avg Winner = 20.9 pips Avg Loser = 7.5 pips Net Pips = 281.9 Thank you for so generously sharing this process and[/highlight]...

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Quoting birdland

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what i like, use, implement and make it my own are 1) the 8EMA high/low (that was really new to me) 2) 200SMA 3) the TLs of course! and sometimes i use the ADR, daily high/low indis and daily open. i dont use the RSI and MultiTimeFrame board indis. they are more confusing me than supporting;-) but thats just me... so thx again laura for showing us your approach/roadmap {image}

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Quoting Loftboy

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You Madam, are a breath of fresh air. Please ban anyone who asks for the inevitable EA.

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Quoting neil001

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Are you saying that you can't just get on a forum and run a strategy in a week and make zamegazillion in a month - AND you can't automate it??? wtf??!!

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