• Home
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • User/Email: Password:
  • 8:43pm
Menu
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • 8:43pm
Sister Sites
  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Software tools for LauraT's Roadmap 167 replies

Forex Brokerage Roadmap 4 replies

Best way to read all of someone's posts? 3 replies

Simple way to read chart 11 replies

  • Trading Systems
  • /
  • Reply to Thread
  • Subscribe
  • 2,983
Attachments: Roadmap - A Way To Read Markets
Exit Attachments
Tags: Roadmap - A Way To Read Markets
Cancel

Roadmap - A Way To Read Markets

  • Last Post
  •  
  • 1 125126Page 127128129 278
  • 1 Page 127 278
  •  
  • Post #2,521
  • Quote
  • Edited 10:48pm Jun 23, 2020 10:23pm | Edited 10:48pm
  •  ChubbyWookie
  • Joined May 2011 | Status: Member | 142 Posts
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.
Attached Image (click to enlarge)
Click to Enlarge

Name: EU5m.jpg
Size: 483 KB


2nd image is looking at the bigger picture with the 1 hour chart
Attached Image (click to enlarge)
Click to Enlarge

Name: EU1h.jpg
Size: 521 KB


3rd image is looking at the bigger picture with the 4 hour chart
Attached Image (click to enlarge)
Click to Enlarge

Name: EU4h.jpg
Size: 452 KB
 
5
  • Post #2,522
  • Quote
  • Jun 24, 2020 3:57am Jun 24, 2020 3:57am
  •  martbac
  • | Joined Jun 2019 | Status: Member | 37 Posts
Hi Would like feedback please.
Attached Image (click to enlarge)
Click to Enlarge

Name: Screenshot3.png
Size: 38 KB
 
 
  • Post #2,523
  • Quote
  • Jun 24, 2020 4:09am Jun 24, 2020 4:09am
  •  martbac
  • | Joined Jun 2019 | Status: Member | 37 Posts
And another one please, just took this.
Attached Image (click to enlarge)
Click to Enlarge

Name: Screenshot1.png
Size: 37 KB
 
 
  • Post #2,524
  • Quote
  • Jun 24, 2020 4:10am Jun 24, 2020 4:10am
  •  Loftboy
  • | Joined Jan 2010 | Status: Member | 233 Posts
Quoting martbac
Disliked
Hi Would like feedback please. {image}
Ignored
Too many MAs. Laura says 200 SMA.
All you touch and all you see, is all your life will ever be.
 
 
  • Post #2,525
  • Quote
  • Jun 24, 2020 4:22am Jun 24, 2020 4:22am
  •  shr5
  • | Joined Feb 2009 | Status: Member | 735 Posts
Quoting ChubbyWookie
Disliked
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),...
Ignored
Loving your template, would you be kind enough to share your indicators and template?

Thanks in advance.

Best Regards,

Raza -
Raza
 
 
  • Post #2,526
  • Quote
  • Jun 24, 2020 5:32am Jun 24, 2020 5:32am
  •  neil001
  • | Joined Aug 2014 | Status: Member | 132 Posts
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...
Attached Image (click to enlarge)
Click to Enlarge

Name: GER30 2020-06-24.jpg
Size: 254 KB
 
 
  • Post #2,527
  • Quote
  • Jun 24, 2020 5:45am Jun 24, 2020 5:45am
  •  birdland
  • Joined Aug 2010 | Status: GU only | 3,848 Posts
Quoting neil001
Disliked
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}
Ignored
because it was a strong trend i would enter at the touch of the lower 8ema channel.
Attached Image (click to enlarge)
Click to Enlarge

Name: InkedGER30 2020-06-24_LI.jpg
Size: 608 KB
I know that you and I know nothing...and don't think!
 
1
  • Post #2,528
  • Quote
  • Jun 24, 2020 5:57am Jun 24, 2020 5:57am
  •  neil001
  • | Joined Aug 2014 | Status: Member | 132 Posts
Quoting birdland
Disliked
{quote} because it was a strong trend i would enter at the touch of the lower 8ema channel. {image}
Ignored
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?
 
 
  • Post #2,529
  • Quote
  • Jun 24, 2020 6:05am Jun 24, 2020 6:05am
  •  birdland
  • Joined Aug 2010 | Status: GU only | 3,848 Posts
Quoting neil001
Disliked
{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?
Ignored
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.
I know that you and I know nothing...and don't think!
 
1
  • Post #2,530
  • Quote
  • Jun 24, 2020 7:20am Jun 24, 2020 7:20am
  •  Thakkx
  • | Joined Jun 2020 | Status: Member | 63 Posts
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
 
 
  • Post #2,531
  • Quote
  • Jun 24, 2020 7:46am Jun 24, 2020 7:46am
  •  JoanGuz
  • | Joined May 2020 | Status: Member | 15 Posts
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 (:
Attached Image (click to enlarge)
Click to Enlarge

Name: CADJPYM1 - Exit 1-2.png
Size: 52 KB
 
1
  • Post #2,532
  • Quote
  • Jun 24, 2020 8:49am Jun 24, 2020 8:49am
  •  Loftboy
  • | Joined Jan 2010 | Status: Member | 233 Posts
Quoting JoanGuz
Disliked
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}
Ignored
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.
 
 
  • Post #2,533
  • Quote
  • Jun 24, 2020 9:32am Jun 24, 2020 9:32am
  •  TheG-Lover
  • Joined Apr 2020 | Status: Member | 125 Posts
Quoting JoanGuz
Disliked
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}
Ignored
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.
 
1
  • Post #2,534
  • Quote
  • Jun 24, 2020 10:02am Jun 24, 2020 10:02am
  •  brusch
  • | Joined Jul 2016 | Status: Member | 62 Posts
A bit fast and furious this one.
Touch on SMA, just at yesterday day low.

XAUDUSD M15
Attached Image (click to enlarge)
Click to Enlarge

Name: Image1.png
Size: 187 KB
 
 
  • Post #2,535
  • Quote
  • Jun 24, 2020 11:12am Jun 24, 2020 11:12am
  •  unimak
  • | Joined Nov 2009 | Status: Member | 709 Posts
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 .
 
1
  • Post #2,536
  • Quote
  • Jun 24, 2020 11:49am Jun 24, 2020 11:49am
  •  brusch
  • | Joined Jul 2016 | Status: Member | 62 Posts
WTI M1

Entry quite traditional and adding positions with a tool that added more positions after channel failure.
Attached Image (click to enlarge)
Click to Enlarge

Name: Image1.png
Size: 224 KB
 
1
  • Post #2,537
  • Quote
  • Jun 24, 2020 12:51pm Jun 24, 2020 12:51pm
  •  TheG-Lover
  • Joined Apr 2020 | Status: Member | 125 Posts
A trade from this morning to share.
My favorite setup as shared yesterday, but today it was a short trade.
Attached Image (click to enlarge)
Click to Enlarge

Name: audusd062420.png
Size: 175 KB
 
6
  • Post #2,538
  • Quote
  • Jun 24, 2020 5:25pm Jun 24, 2020 5:25pm
  •  JoanGuz
  • | Joined May 2020 | Status: Member | 15 Posts
Quoting Loftboy
Disliked
{quote} If the first trade was a buy, the price was the wrong side of the 200 SMA.
Ignored
It was a sell, I'll be more specific next time. Thanks for the input! (:
 
 
  • Post #2,539
  • Quote
  • Jun 24, 2020 5:37pm Jun 24, 2020 5:37pm
  •  JoanGuz
  • | Joined May 2020 | Status: Member | 15 Posts
Quoting TheG-Lover
Disliked
{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.
Ignored
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.
 
 
  • Post #2,540
  • Quote
  • Jun 25, 2020 8:05am Jun 25, 2020 8:05am
  •  brusch
  • | Joined Jul 2016 | Status: Member | 62 Posts
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.

Attached Image (click to enlarge)
Click to Enlarge

Name: Image1.png
Size: 277 KB
 
2
  • Trading Systems
  • /
  • Roadmap - A Way To Read Markets
  • Reply to Thread
    • 1 125126Page 127128129 278
    • 1 Page 127 278
1 trader viewing now
  • More
Top of Page
  • Facebook
  • Twitter
About FF
  • Mission
  • Products
  • User Guide
  • Media Kit
  • Blog
  • Contact
FF Products
  • Forums
  • Trades
  • Calendar
  • News
  • Market
  • Brokers
  • Trade Explorer
FF Website
  • Homepage
  • Search
  • Members
  • Report a Bug
Follow FF
  • Facebook
  • Twitter

FF Sister Sites:

  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Forex Factory® is a brand of Fair Economy, Inc.

Terms of Service / ©2023