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Software tools for LauraT's Roadmap 167 replies

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Attachments: Roadmap - A Way To Read Markets
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Roadmap - A Way To Read Markets

Managed to get in on the EU

1st image is of the 5m chart. You can see to the left support formed around 1.12534 (Green Arrows). Price seems to support both the downward trend line and upward trend line. We are above 15m,30m,4H, D1 SMA's and just just crossing the 1H and 5M SMA's. RSI at 74 and.... were bouncing off the 200SMA of the 5 minute chart which was where i placed this entry. So that's 6+ things in our favor .Yellow line is the current Time frame 200SMA (5 Minute). The dashed red line is the 200SMA of a lower degree(1 minute), Dashed blue line is the 200SMA of the higher degree (15 minute) and the solid blue is two degrees higher (30 minute). The additional SMA's are not part of the road map but it helps me visualize other time frames without having to switch back and forth and also aid in spotting entries on other time frames. 2nd and 3rd pictures are looking at the higher time frames and you can see where the trendiness and target came from.
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2nd image is looking at the bigger picture with the 1 hour chart
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3rd image is looking at the bigger picture with the 4 hour chart
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Hi Would like feedback please.
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And another one please, just took this.
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Quoting martbac
Hi Would like feedback please. {image}
Too many MAs. Laura says 200 SMA.
All you touch and all you see, is all your life will ever be.
Quoting ChubbyWookie
Managed to get in on the EU 1st image is of the 5m chart. You can see to the left support formed around 1.12534 (Green Arrows). Price seems to support both the downward trend line and upward trend line. We are above 15m,30m,4H, D1 SMA's and just just crossing the 1H and 5M SMA's. RSI at 74 and.... were bouncing off the 200SMA of the 5 minute chart which was where i placed this entry. So that's 6+ things in our favor .Yellow line is the current Time frame 200SMA (5 Minute). The dashed red line is the 200SMA of a lower degree(1 minute),...
Loving your template, would you be kind enough to share your indicators and template?

Thanks in advance.

Best Regards,

Raza -
Raza
ok - sorry for lurking but it's easier for me to learn that way - Need some input here please......can someone point out the BEST candle to enter on.....and why? (please excuse the dupe of RSI....i'm seeing which one is easiest on the eye for me - Vertical lines are the two openings...
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Quoting neil001
ok - sorry for lurking but it's easier for me to learn that way - Need some input here please......can someone point out the BEST candle to enter on.....and why? (please excuse the dupe of RSI....i'm seeing which one is easiest on the eye for me - Vertical lines are the two openings... {image}
because it was a strong trend i would enter at the touch of the lower 8ema channel.
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trading is like dancing, don't think and just listen to the music!
Quoting birdland
{quote} because it was a strong trend i would enter at the touch of the lower 8ema channel. {image}
Cool - so in terms of "order of importance" - does a touch of the EMA trump a crossing of the daily open?? Or is a daily open cross not that NB for rentry?
Quoting neil001
{quote} Cool - so in terms of "order of importance" - does a touch of the EMA trump a crossing of the daily open?? Or is a daily open cross not that NB for rentry?
not always. its just the momentum, the strenght of the trend that suggests this. the DO line is just another line in the sand and indicates the daily trend is changing.
trading is like dancing, don't think and just listen to the music!
Newbie question - Wondering if there are indicators and template file available for the MT5 platform or is it just MT4, TradingView and CTrader one made available as per the first post. Still haven't gone through all the post and reached only upto first few pages, so sorry if its already buried somewhere in between these 127 pages. The system attracted me over other was it seems simple or the OP have lead the student like me with simplistic scenario and slowly and steadily leading to more complex world, which is better approach in my opinion to not scare the newbie like me
Hi!

An example of two trades taken this morning.

1st.. All Indicators aligned and price was respecting the trendline, I closed after channel crossed in the opposite direction. Bad luck I guess, or I don't know if I overlooked something.
2nd.. Channel crossed again respecting another trendline and all indicators in place, got a good RR because my SL was tight due price proximity to SMA . But, I misclicked, I was supposed to take 50% out and the rest running

Bottom line, don't ditch the pair after the first loss (:
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Quoting JoanGuz
Hi! An example of two trades taken this morning. 1st.. All Indicators aligned and price was respecting the trendline, I closed after channel crossed in the opposite direction. Bad luck I guess, or I don't know if I overlooked something. 2nd.. Channel crossed again respecting another trendline and all indicators in place, got a good RR because my SL was tight due price proximity to SMA . But, I misclicked, I was supposed to take 50% out and the rest running Bottom line, don't ditch the pair after the first loss (: {image}
If the first trade was a buy, the price was the wrong side of the 200 SMA.
All you touch and all you see, is all your life will ever be.
Quoting JoanGuz
Hi! An example of two trades taken this morning. 1st.. All Indicators aligned and price was respecting the trendline, I closed after channel crossed in the opposite direction. Bad luck I guess, or I don't know if I overlooked something. 2nd.. Channel crossed again respecting another trendline and all indicators in place, got a good RR because my SL was tight due price proximity to SMA . But, I misclicked, I was supposed to take 50% out and the rest running Bottom line, don't ditch the pair after the first loss (: {image}
I would say your assessment of both trades is correct.
trading on 1 minute time frame makes spread of pairs really eat up target/stop distances....how is that going for you.
Have to be careful if you are just doing demo account trades, as I have found that demo accounts do not seem to reflect the impact of spreads appropriately.
A bit fast and furious this one.
Touch on SMA, just at yesterday day low.

XAUDUSD M15
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Thanks Laura for the wonderful system . I went thru the entire 127 pages of this thread and it was really satisfying , it was also very simple to understand . A must for both seasoned and also for new bie.

God Bless .
WTI M1

Entry quite traditional and adding positions with a tool that added more positions after channel failure.
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A trade from this morning to share.
My favorite setup as shared yesterday, but today it was a short trade.
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Quoting Loftboy
{quote} If the first trade was a buy, the price was the wrong side of the 200 SMA.
It was a sell, I'll be more specific next time. Thanks for the input! (:
Quoting TheG-Lover
{quote} I would say your assessment of both trades is correct. trading on 1 minute time frame makes spread of pairs really eat up target/stop distances....how is that going for you. Have to be careful if you are just doing demo account trades, as I have found that demo accounts do not seem to reflect the impact of spreads appropriately.
Thanks for your feedback!! (:

About the spreads, actually I can't complain, my broker has super tight spreads in the hours that I trade. But you got a point, I'll open some trades in my live account (with a very low position size) to test if the spreads behave similarly, and avoid surprises later.
Experimenting US30 on M1 today.

I was a bit late entering but the move was so strong and fast ...

It was a nice opportunity, adding positions at fixed intervals and taking profit at percentage of balance.

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