Roadmap - A Way To Read Markets | Page 135 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Software tools for LauraT's Roadmap 169 replies

Forex Brokerage Roadmap 4 replies

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

Simple way to read chart 11 replies

Attachments: Roadmap - A Way To Read Markets
Exit Attachments

Roadmap - A Way To Read Markets

  • #2,681
  • Jul 14, 2020 3:55pm Jul 14, 2020 3:55pm
Quoting jaik1211
GBPUSD - H1 Saw a trade potential. Looking for input, good or bad! -jaik PA outside 8ema Last kiss on 200SMA downtrend forming RSI around 50 (a little over) MTF bias is down {image}
Looks ok to me, but then I dont trade Daily time frames, if any one trading daily they should be able to provide a meaningful response.
  • #2,682
  • Jul 14, 2020 4:03pm Jul 14, 2020 4:03pm
Dow Trades today, after the exit it did go beyond 26404 for another 100+ points.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 144 KB
  • #2,683
  • Jul 15, 2020 12:01am Jul 15, 2020 12:01am
Morning Laura, morning team.

Decent trade on gbpusd on the opening drive. Bailed on spx, entry was not what is should be.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 53 KB
  • #2,684
  • Jul 15, 2020 5:45am Jul 15, 2020 5:45am
Hi fellow traders,
The day job has me working on a large assignment that prevented me from trading since last Thursday in my early mornings.
I was able to steal some time this AM fortunately. But anticipate over the next 3 weeks will have limited trading time.
A couple of my favorite setup: PushBase: from this AM
Attached Image (click to enlarge)
Click to Enlarge Name: audusd0715.png Size: 126 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd0715.png Size: 116 KB
  • #2,685
  • Jul 15, 2020 8:14am Jul 15, 2020 8:14am
Quoting TheG-Lover
Hi fellow traders, The day job has me working on a large assignment that prevented me from trading since last Thursday in my early mornings. I was able to steal some time this AM fortunately. But anticipate over the next 3 weeks will have limited trading time. A couple of my favorite setup: PushBase: from this AM {image}{image}
excuse me, where did you explain your push base? thx
  • #2,686
  • Edited 10:21am Jul 15, 2020 9:59am | Edited 10:21am
Quoting dbsdsun
{quote} excuse me, where did you explain your push base? thx
See Posts 2427, 2516 and 2537 in this thread
  • #2,687
  • Jul 15, 2020 12:43pm Jul 15, 2020 12:43pm
audjpy today, a good long from the channel breaking above the 200ma. A mistake in trying to catch an early break.
@Laura or Patje, when the 200ma is flat (like at 2nd trade), do you wait it out or look at the other factors for a bias?

Greets ^^


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 36 KB
  • #2,688
  • Jul 16, 2020 6:55am Jul 16, 2020 6:55am
You could draw your own channel breaks, speed lines, hh etc on this chart
Attached Image (click to enlarge)
Click to Enlarge Name: EJap3min.png Size: 426 KB
every Saint has a past. Every Sinner has a Future
  • #2,689
  • Jul 16, 2020 7:09am Jul 16, 2020 7:09am
Nasdaq - Bit slow in taking a trade. may have missed a couple of nibbles but shorted at arrow because of break of previous low and consolidated price action above.
Attached Image (click to enlarge)
Click to Enlarge Name: Nasdaq1506.png Size: 457 KB
every Saint has a past. Every Sinner has a Future
  • #2,690
  • Jul 16, 2020 6:21pm Jul 16, 2020 6:21pm
Quoting vocc242
Thank you Laura for your amazing system and your contribution. Still reading the thread nevertheless here's my first attempt at this (yesterday). AUDCHF win USDCAD win NZDJPY win EURUSD loss any feedback is welcome {image} {image} {image} {image}
when you win, SMA200 is in the same direction of your trade.
when you loss, SMA200 is against your trade.
  • #2,691
  • Edited Jul 17, 2020 12:08am Jul 16, 2020 11:48pm | Edited Jul 17, 2020 12:08am
My previous trades that I post be not successful,I found that trading on 5 min is not good, I had 3 trades on 1H if you see there is some logic, if you see same trades on 5 min it will be a real mess(what you understand from them?nothing),but than look on 4H(you then see what I mean,right?).dodon't trade 5 min it's my suggestion to you, because its too random need to see the bigger picture
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 17-Jul-20 9-41-04.png Size: 67 KB
Click to Enlarge Name: 17-Jul-20 9-40-34.png Size: 67 KB
Click to Enlarge Name: 17-Jul-20 9-40-08.png Size: 64 KB
  • #2,692
  • Edited 3:51am Jul 17, 2020 3:22am | Edited 3:51am
Quoting ficibald
My previous trades that I post be not successful,I found that trading on 5 min is not good, I had 3 trades on 1H if you see there is some logic, if you see same trades on 5 min it will be a real mess(what you understand from them?nothing),but than look on 4H(you then see what I mean,right?).dodon't trade 5 min it's my suggestion to you, because its too random need to see the bigger picture {image} {image} {image}
Just a few comments to your post if I may:
== One must find the time frame to trade the markets that they are comfortable with; which means the speed of decision making matches their ability and they innately seem to have a better "feel" for the market behavior during that time period. So there are people who are successful trading all sorts of timeframes, as there are also people who are not successful on those time frames.
== That being said, if you removed any clue to the bar time frame (bottom axis, upper left 1H, etc) and removed the price axis on any of your charts posted...and presented it to anyone on this thread, I would bet they would not be able to tell you what time frame the chart represented. Point being: your 1H chart looks no different for "randomness" than any other time frame to me.
== Now looking at your three charts you posted in detail (I hate MT4 because it draws full lines across the chart for SL, TP, etc. you cannot really tell by your posting where you got into the trade)....but I am assuming since you are posting today the entry is recent. IF that is true, then from my analysis, you are trading counter to what price relative to the 200 would recommend according to the roadmap, as you are shorting when price is above the 200 and going long when price is below the 200. Only "advanced" trades trade against that rule, and even then only when price is at ADR High/LOW and far from the 200.
== Based on all of this and assuming the entry point of your charts shown, it would be my humble suggestion that you go back through all the postings by Laura and make sure you are truly trading according the roadmap strategy. Different time frames will not change your success with roadmap if you are not following the process.
  • #2,693
  • Jul 17, 2020 3:53am Jul 17, 2020 3:53am
Forex trade after noting nice price action by this pair yesterday.
More leisurely than nasdaq at 3 minutes time frame.
Attached Image (click to enlarge)
Click to Enlarge Name: EuroYen1150.png Size: 508 KB
every Saint has a past. Every Sinner has a Future
  • #2,694
  • Jul 17, 2020 3:57am Jul 17, 2020 3:57am
Quoting TheG-Lover
{quote} Just a few comments to your post if I may: == One must find the time frame to trade the markets that they are comfortable with; which means the speed of decision making matches their ability and they innately seem to have a better "feel" for the market behavior during that time period. So there are people who are successful trading all sorts of timeframes, as there are also people who are not successful on those time frames. == That being said, if you removed any clue to the bar time frame (bottom axis, upper left 1H, etc) and removed the...
Well said. people forget that "Road Map" is just that - a map, a guide -not an instruction Manual to put together a piece of furniture.
every Saint has a past. Every Sinner has a Future
  • #2,695
  • Jul 17, 2020 5:20am Jul 17, 2020 5:20am
I was late on the first trade's entry this morning having slept in later than usual, so I missed the pure entry on the first trade below (by 4 bars), but the thesis was the same and price was the same, so pulled the trigger. Pretty sure I have posted my 200Fade Setup before on this thread
Nice bang bang on GU for it today for 32 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd0717.png Size: 131 KB
  • #2,696
  • Jul 17, 2020 10:51am Jul 17, 2020 10:51am
Quoting TheG-Lover
I was late on the first trade's entry this morning having slept in later than usual, so I missed the pure entry on the first trade below (by 4 bars), but the thesis was the same and price was the same, so pulled the trigger. Pretty sure I have posted my 200Fade Setup before on this thread Nice bang bang on GU for it today for 32 pips. {image}
Reminds me of the 2B trader Vic pattern:
Attached Image
every Saint has a past. Every Sinner has a Future
  • #2,697
  • Jul 20, 2020 8:21am Jul 20, 2020 8:21am
Could have got in earlier you might say but I waited for price to calm down and react around levels then took a higher high which went further than I could wish for. Nearly half past four but I think I will call it a day before my two hours is up, and be grateful.
Anybody out there
Attached Image (click to enlarge)
Click to Enlarge Name: NDX1616.png Size: 503 KB
Attached Image
every Saint has a past. Every Sinner has a Future
  • #2,698
  • Jul 21, 2020 9:47am Jul 21, 2020 9:47am
In hindsight all exits were early, but happy overall with the initial results.
Thank you Laura for starting this thread.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2020-07-21 at 18.45.44.png Size: 222 KB
Click to Enlarge Name: Screenshot 2020-07-21 at 18.45.30.png Size: 230 KB
Click to Enlarge Name: Screenshot 2020-07-21 at 18.45.18.png Size: 227 KB
Click to Enlarge Name: Screenshot 2020-07-21 at 18.45.03.png Size: 220 KB
  • #2,699
  • Jul 21, 2020 1:00pm Jul 21, 2020 1:00pm
This was my first attempt with this trading method: it was a Channel Cross on a M5 timeframe. Price was above SMA 200 on all timeframes, comp RSI over 60. I've set the SL below last swing and TP at ADR range.
At first it went about 29 pips against me, but then it turned around. I closed the trade manually with a result of +50 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 200721_EURUSD_M5_ChannelCross-2.png Size: 34 KB
  • #2,700
  • Jul 21, 2020 1:57pm Jul 21, 2020 1:57pm
Decent trade today. 2nd entry or a single better was possible tho.
Curious if smne is doing re entry or just wait and see. Unless a strong pattern or bias supports the 2nd entry it's just more risk.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 42 KB
2 traders viewing now