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Roadmap - A Way To Read Markets

  • #2,701
  • Jul 21, 2020 8:36pm Jul 21, 2020 8:36pm
No trades last week . But Monday and Tuesday have been real nice. Here are two trades taken hat follow the road map.
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  • #2,702
  • Jul 22, 2020 10:49am Jul 22, 2020 10:49am
Nasdaq UK afternoon. Finished for the day.
One breakeven/loser not shown - long over 200ma. I let it come back on me.
Two win shorts

EDIT -Just noticed I may have missed a long off the 14:45 hours bar?
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every Saint has a past. Every Sinner has a Future
  • #2,703
  • Jul 22, 2020 2:26pm Jul 22, 2020 2:26pm
Quoting turnip15
Nasdaq UK afternoon. Finished for the day. One breakeven/loser not shown - long over 200ma. I let it come back on me. Two win shorts EDIT -Just noticed I may have missed a long off the 14:45 hours bar? {image}
T:

Just checking , you go long when price is below the 200?

Good to see more folks posting charts again..some beauties !
  • #2,704
  • Jul 22, 2020 4:54pm Jul 22, 2020 4:54pm
Quoting TheG-Lover
{quote} T: Just checking , you go long when price is below the 200? Good to see more folks posting charts again..some beauties !
NO - I went long -(Not shown) - ABOVE the 200. Price came back onto my entry candle and took me out for a small loss.

I think this will be my last chart since I seem to be confusing or misleading some here.
Good luck to you all and keep up the good work of Laura's approach.
every Saint has a past. Every Sinner has a Future
  • #2,705
  • Jul 22, 2020 6:33pm Jul 22, 2020 6:33pm
Quoting turnip15
{quote} NO - I went long -(Not shown) - ABOVE the 200. Price came back onto my entry candle and took me out for a small loss. I think this will be my last chart since I seem to be confusing or misleading some here. Good luck to you all and keep up the good work of Laura's approach.
Or, you can mark which is Laura's approach and which is not.
  • #2,706
  • Jul 22, 2020 7:17pm Jul 22, 2020 7:17pm
Quoting turnip15
{quote} NO - I went long -(Not shown) - ABOVE the 200. Price came back onto my entry candle and took me out for a small loss. I think this will be my last chart since I seem to be confusing or misleading some here. Good luck to you all and keep up the good work of Laura's approach.
I for one will be disappointed if you cease. i always review your posts in detail. and the chance is high that I was confused. It is becoming a common occurrence for me of late.
  • #2,707
  • Jul 23, 2020 1:53am Jul 23, 2020 1:53am
Quoting dbsdsun
{quote} Or, you can mark which is Laura's approach and which is not.
I give up !
every Saint has a past. Every Sinner has a Future
  • #2,708
  • Jul 23, 2020 1:55am Jul 23, 2020 1:55am
Quoting TheG-Lover
{quote} I for one will be disappointed if you cease. i always review your posts in detail. and the chance is high that I was confused. It is becoming a common occurrence for me of late.
Happens to me as well at times - I put it down to my age
I enjoy reading your posts G.
every Saint has a past. Every Sinner has a Future
  • #2,709
  • Jul 23, 2020 10:16am Jul 23, 2020 10:16am
Quoting turnip15
{quote} NO - I went long -(Not shown) - ABOVE the 200. Price came back onto my entry candle and took me out for a small loss. I think this will be my last chart since I seem to be confusing or misleading some here. Good luck to you all and keep up the good work of Laura's approach.
Hi,

My name is Pilulae, and I am a Lurker.

In late June there were posts by several active supporters of this thread lamenting the diversity of contributors and implying that members should not be put off posting because they felt unqualified to contribute. Also suggested as I recall was that at some time one must stop lurking and start trading.

That time has long passed for me.

Trading from the UK I use a spread betting broker who offers guaranteed stops.
My broker’s platform allows me to place guaranteed stops to avoid the gaps that can be caused by slippage in very volatile markets, political misspeaks, Swiss bank type misspeaks etc and that gives me a warm comfortable feeling. I had hoped to use my brokers demo MT4 for analysis presuming that the two platforms would be closely correlated. However, their demo MT4 is either rubbish or I cannot get it to work reliably, so I must use another broker’s demo MT4 platform for analysis. Cumbersome, but one day it may prevent disaster.

Interestingly about two weeks ago I entered long trade on the Dax in the hope that I could use it in my first post to this thread. Everything was going swimmingly, up about 20 points when it started to retrace a little. No problem I thought, I will bail out if it breaches a minor point of resistance that I had marked and went to my brokers platform to get ready to close the trade. The “Close” button was overwritten with “Call us” and the prices had stopped moving. My demo platform had become unresponsive as well, so I had no idea of what was happening. The knowledge that if all went pear shaped with the Dax I had a guaranteed stop in place confirmed that this approach is right for me.
Needless to say, I was unable to get through to my broker to close the trade by phone (mercifully there was no “your call is important to us”). The problem was apparently due to a feed failure to my broker. It had a happy ending; my broker found a new feed and I was able to exit with about 12 pips profit.

Lesson – the unexpected happens more frequently than one expects!

LauraT - thank you so much for your thread. Your considered description of the Roadmap, your Journal and thoughtful replies to all posts are a model for any thread originator. As a result, the thread has a following of members with wide variety of interests and abilities. It is great to see that would-be polluters of your KISS approach have been summarily dismissed.

A very elegant method by a very classy lady.

Turnip15, G-Lover and other regulars - you may feel that you are repeating yourselves but please don’t stop your posting – if we tyros see your common sense and skills often enough, it is just possible that some of it might finally rub off on us and we can contribute to a meaningful conversation.


Having broken my posting duck, I hope to give a little as well as take.

Best wishes to all

Pilulae

PS This post has been sitting on my PC in draft form for some time. Turnip15's post 2704 suggesting that he may stop posting to this thread has prompted me to finally push the post button to say "Please continue posting to this thread." I am sure many others beside myself find your posts to be helpful and make a very wothwhile contribution to its appeal. I had never looked at indices before and you have whetted my appetite
  • #2,710
  • Jul 23, 2020 10:30am Jul 23, 2020 10:30am
i have not posting for a view months, but this is how i made lauras roadmap to my own need:

when there is a new strong trend i try to get the early first touch of the 8ema channel. i do this only if i see a strong trend. example here:
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trading is like dancing, don't think and just listen to the music!
  • #2,711
  • Edited 5:42pm Jul 23, 2020 5:29pm | Edited 5:42pm
Turnip....yes indeed age is certainly a factor!
I had a little break in the day job....allowed me to do some trading this AM
I sure do miss it !!
One from today..

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  • #2,712
  • Jul 24, 2020 2:19pm Jul 24, 2020 2:19pm
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}
results,euraud hit sl reentered,
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  • #2,713
  • Jul 24, 2020 2:23pm Jul 24, 2020 2:23pm
new trades
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  • #2,714
  • Jul 25, 2020 10:12pm Jul 25, 2020 10:12pm
Quoting ficibald
new trades {image} {image} {image}
Excuse me,

when you say new trades, have you entered the trades? where are entry point, SL and TP?
or you mean the possible new trades.
Thx
  • #2,715
  • Jul 26, 2020 3:01am Jul 26, 2020 3:01am
Quoting dbsdsun
{quote} Excuse me, when you say new trades, have you entered the trades? where are entry point, SL and TP? or you mean the possible new trades. Thx
I already entered
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  • #2,716
  • Jul 26, 2020 9:02pm Jul 26, 2020 9:02pm
Quoting ficibald
{quote} I already entered {image}
Thanks for your reply!
1. I can not see which pair at the left top of this chart.
2. you shorted above MA200, then which rule did you used? or what is your personal rule?
Thanks
  • #2,717
  • Jul 27, 2020 2:40am Jul 27, 2020 2:40am
hi everyone,
just a inquiry regarding the "daily open indicator" used on this system. What time do most people have it set at to start? ie, do you leave it set at midnight or adjust it to start at the Asian open?
many thanks
  • #2,718
  • Jul 27, 2020 4:17am Jul 27, 2020 4:17am
Quoting tenpix
hi everyone, just a inquiry regarding the "daily open indicator" used on this system. What time do most people have it set at to start? ie, do you leave it set at midnight or adjust it to start at the Asian open? many thanks
I think most consider the day ends at 5pm NY time. However those in the UK or with UK owned brokers may have something different. As both you and the OP seem to be in the UK, you could try lining up some of your charts with hers to see which she uses.
Good Trading
  • #2,719
  • Jul 27, 2020 1:25pm Jul 27, 2020 1:25pm
cadjpy buy
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  • #2,720
  • Jul 27, 2020 1:27pm Jul 27, 2020 1:27pm
Quoting dbsdsun
{quote} Thanks for your reply! 1. I can not see which pair at the left top of this chart. 2. you shorted above MA200, then which rule did you used? or what is your personal rule? Thanks
pair isd audnzd.I dont watch ema 200 enter on trend change on 1h when in 4h is retreacement
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