Roadmap - A Way To Read Markets | Page 124 | Forex Factory

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  • #2,461
  • Jun 16, 2020 5:29pm Jun 16, 2020 5:29pm
Dow trade from earlier today in the morning, after I got out it went another 100+ points or so, before the fall.
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  • #2,462
  • Jun 16, 2020 9:38pm Jun 16, 2020 9:38pm
Quoting Sohocool
Hi lostkiwi , I well received your PM . We can speed up the signal using median price (High+Low)/2. We cannot change the Low price by High price and vice versa. Because it happens that: the High 8 Ema either above the High 200 Sma and at the same time the Low 8Ema is below Low 200 Sma. Check V2 Version . {image} {file}
Interesting development, great sharing, however I still prefer the original template. No offense to you but this seems a bit too rainbow-ish for me
  • #2,463
  • Jun 16, 2020 10:21pm Jun 16, 2020 10:21pm
Pulled off a quick scalp. Would have exited closer to PDL but was fiddling around with MT4 trying to figure out trailing stops/partial profits before I gave up.

I had a question about the channel trade types:

From what I can tell the mechanics of the trade for channel cross and channel failures are the same. I'm deciding short/long positions based on which side of SMA we're on, RSI and MTF and looking for entries relative to the channel. How exactly does the channel cross vs failure affect my trade setup?
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  • #2,464
  • Edited 5:13am Jun 17, 2020 2:58am | Edited 5:13am
Haven't posted in a while, but keeping up with with Laura's strategy. I'm in this one, after BO and retest of the Daily Lo. Kind of stalling now.I hope it won't disappoint me

EDIT: Well short of patience... It was not moving for quite a while so I exited with a few pips. Now it would be in profit by about 30 pips. I moved over to shorting Gold which is going well, but I regret not being patient enough with this one.
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  • #2,465
  • Jun 17, 2020 3:07am Jun 17, 2020 3:07am
Quoting lucrumlabs
Pulled off a quick scalp. Would have exited closer to PDL but was fiddling around with MT4 trying to figure out trailing stops/partial profits before I gave up. I had a question about the channel trade types: From what I can tell the mechanics of the trade for channel cross and channel failures are the same. I'm deciding short/long positions based on which side of SMA we're on, RSI and MTF and looking for entries relative to the channel. How exactly does the channel cross vs failure affect my trade setup? {image}
With a channel cross requires a retrace but a channel failure gives you an early entry. For your set up, your optimal entry would've been after the bear doji formed on the sma. Your entry was risky and you were right to get out when you did because price was already on it's way up.
Read in between the price!!!
  • #2,466
  • Jun 17, 2020 5:28am Jun 17, 2020 5:28am
Nasdaq Good enough this morning . Lauras approach is simple yet effective. The trader has to add the discipline.
Back later.
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every Saint has a past. Every Sinner has a Future
  • #2,467
  • Jun 17, 2020 5:55am Jun 17, 2020 5:55am
i like this. very informative. thank you
  • #2,468
  • Jun 17, 2020 9:25am Jun 17, 2020 9:25am
Nasdaq one losing Long but a nice short through Previous High to 200ma.
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every Saint has a past. Every Sinner has a Future
  • #2,469
  • Jun 17, 2020 11:04am Jun 17, 2020 11:04am
Dow trades for today, I think I'm done for today. However PA is approaching both M1 and M5 SMA - will be interesting to see how it reacts there. If I had entered on the circle area, probably I'll have a portion of trade still running.
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  • #2,470
  • Jun 17, 2020 11:06am Jun 17, 2020 11:06am
Quoting turnip15
Nasdaq one losing Long but a nice short through Previous High to 200ma. {image}
Looks like you go Long and Short irrespective of whether the channel is above the SMA or not. Is that correct?
  • #2,471
  • Jun 17, 2020 11:15am Jun 17, 2020 11:15am
Quoting karun
{quote} Looks like you go Long and Short irrespective of whether the channel is above the SMA or not. Is that correct?
Sometimes I use the 'look left ' approach and be aware of what I may be trading into or away from, in relation to the 200 average, and sometimes I just screw up
every Saint has a past. Every Sinner has a Future
  • #2,472
  • Jun 17, 2020 11:25am Jun 17, 2020 11:25am
Quoting karun
{quote} Looks like you go Long and Short irrespective of whether the channel is above the SMA or not. Is that correct?
AND - here is a nice bounce off the 200ma - reinforced by a look left level which coincided with a flat 200ma - plus a choice of two engulfing candles
( the GREEN arrows) to trigger a nice long into the Previous High as a target.
I WAS NOT around to take them - because after my previous long and short, I had to go out.
But nice to see Laura's stuff and price action come together.

KARUN - that trade would have been more in accordance with your thinking as price action took place around the 200.
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every Saint has a past. Every Sinner has a Future
  • #2,473
  • Jun 17, 2020 11:29am Jun 17, 2020 11:29am
Quoting turnip15
Nasdaq one losing Long but a nice short through Previous High to 200ma. {image}
.........Forgot to mention price closing the gap ( opening)
Back tomorrow.
every Saint has a past. Every Sinner has a Future
  • #2,474
  • Jun 17, 2020 3:40pm Jun 17, 2020 3:40pm
Entry taken last night off price approaching the trendline and daily open, exited at the previous day's low for +60 or so pips.
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  • #2,475
  • Jun 17, 2020 5:14pm Jun 17, 2020 5:14pm
Some of my trades for today all on DOW: Following the ROADMAP method > Channel crosses and TrendLINE's
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  • #2,476
  • Jun 18, 2020 4:30am Jun 18, 2020 4:30am
A couple more trades. The first one was a channel cross trade which resulted in a loss of around -18 pips. I suppose the general sentiment was sideways. The second trade was a cross trade off a confluence of the 200 SMA and the daily open, targeting the previous low. I cut it at around +70 pips as I wasn't sure if it'd make it all the way to the low.
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  • #2,477
  • Jun 18, 2020 4:54am Jun 18, 2020 4:54am
Nice...bit of extra confluence with that broken uptrend line near 200sma too
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  • #2,478
  • Jun 18, 2020 6:19am Jun 18, 2020 6:19am
close before rallye !!! :-) 50 pips !!!
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  • #2,479
  • Jun 18, 2020 7:52am Jun 18, 2020 7:52am
here is a rubbish trade. Or -just one of those days.
Late to the table today then took a trade that wobbled for a while before moving. Thought I would squeeze in a short before calling it a day and it promptly failed.
Such is trading. Not forgetting I probably missed various signposts relating to trades and levels and FF calander.
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every Saint has a past. Every Sinner has a Future
  • #2,480
  • Jun 18, 2020 8:37am Jun 18, 2020 8:37am
Dow - Regular channel cross, good for about 220 points on average, was waiting to see if the TP2 will hit, but after a while PA was not convincing enough to stay on the trade.
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GU - Retest of SMA(although it was an impulsive move) followed by YL, entry around the area. 1st Partial was when price stalling around the previous support, 2nd at ADR, 3rd was running with Trailing Stop of 15 and now got stopped out around the ADR.
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