Roadmap - A Way To Read Markets

That was a great layout and analysis - very helpful - Thanks!

Hey guys so a little off topic but those who trade oil, any chance we might witness April's low again? Considering the pandemic is still on going.

Mornings Nasdaq trades. Pleased but I note I had probably missed some supports etc that might have better informed my trades.

everything is possible but not very probably. in oil it was also a technically sellout because of the oilfutures. they will be warned now.

Nice trade

I know some people are keen to see some longer term trades so I'm sure many will appreciate you sharing.

GU off 1min

AUD/CAD 1min

GU sell dancing around my TP

Edit: Was a late entry though


TP finally hit

Hi Roadmapers!

I'm attaching my little contribution (:

I just finished reading the little 121 pages of the thread (pheww), and I was recolecting and summarizing all LauraT and Patje replies.

Obviously, you have to read the first page of the thread and the journal to understand the majority of the references. Although, it also contains all the gold nuggets of the rest of the thread.

It can serve as a quick reference before entering a trade, or while managing it.

Sorry for any typo, English is not my first languaje jeje.

Hope you find it helpfull!

And thanks again LauraT for all that you've done for us!

Dow Trade today

AU trade, one SELL loss and a BUY win. For the sell price moved quickly so couldn't get in earlier but expected price to test the last low before it retraced. I guess we can't get everything we wish for so I entered a buy trade. Trading this alongside my strategy and then my job is a bit of hassle but here goes.

AU SELL


AU BUY


Trade conclusion on both

Tough day but extreme patience payed off in the end. USDCHF took 29 pips

Quick Dax scalp SELL, monitored it like a hawk. In and out


Still in Oil SELL trade



EDIT: Oil trade, one position hit TP, second moved to BE. While I wait for AU to show me it's hand for Buy or Sell.

26 pips in jpyusd, stopped out on this one

Awesome! Love that scalping strategy.

JUNE 3RD GAP HAS FINALLY CLOSED! WHAT A HUGE SELL OFF!

Nasdaq - First long (against 200 but I thought it would break above previous high (left) and head to previous Low but it did not do what I wanted it to do). A loss.
Next we wait for a short and ignore the feeble pop above last high on left - the last high ( purple rectangle near 'tick') lines up with ADR from yesterday and consolidation. Price under 200ma and breaks through channel for a short .

Now price bumping around todays opening swing.
I will call it a day here and quit while happily ahead.
Back tomorrow.

Oil SELL trades conclusion



While waiting for AU took a GU SELL like a good lad



I'll call it a day and go for a jog with this Oil trend reversal trade. Would close trade if a bear shift candle closes below daily low.

Dow Round 2 - Annotations on the chart. Descending TL is still valid, so it might still go down further, for now that is all for me on Dow today.

Just an example of a mean reversion approach, using the bounce off the ADR low & yesterday's low. Initially, I had set an alert at that level because of how the HTF structure looked like:



As price reached that level & locked in the ADR low, there was a clear bounce & a clear close above the channel for the first time since the last leg down. It also coincided with the break of the descending TL (purple). Took a bit above 1R on this one, close when price was consolidating as it still remains a counter-trend trade so more risky.



And then there's this USDCHF short, nothing special just a bounce of the channel off the sma. What I liked about this setup is that the entry corresponds to a recent S/R level, with confluence of yesterday's low. And the break of retracement TL & close below channel happened just at that area, also with confluence of the sma. Notice however that price went back reaaally close the my SL (which as a bit tight, on purpose).



What I tend to look for more and more, is for a setup to make sense with the overall structure and higher time frame levels. Having confluence of several elements helps to pull the trigger.