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Roadmap - A Way To Read Markets

  • #2,741
  • Aug 4, 2020 4:35pm Aug 4, 2020 4:35pm
Quoting MrAnta997
.. Once again, feel free to ask anything, and to correct me on everything you think I misunderstood, we're all here to learn!! {image} {image} {image} {image} {image} {image}
MrAnta997,
If you were to categorize each of your entries on the charts you attached, which of the Roadmap strategies would each be?
Below is copied from Laura's Journal
I trade an overall methodology I call the roadmap. I have various trade types at my disposal. The two basic strategies are:
1. Channel Cross - When the EMA channel fully crosses to the other side of the SMA.
2. Channel Failure - When the EMA channel gets partially across the SMA but then returns to the previous side.
The four advanced strategies are:
1. ADR Failures - When the EMA channel gets partially across the ADR line but then returns to the previous side.
2. Previous Day High/Low Failures - When the EMA channel gets partially across the high/low line but then returns to the previous side.
3. ADR Counters - When an instrument has completed the Average Daily Range I consider entering to capture a reversion to centre ground.
4. Previous Day High/Low Counters - When an instrument has reached the high or low of the previous trading day I consider entering to capture a reversal.
Are you sure all of your entries meet what Laura has provided?
  • #2,742
  • Aug 4, 2020 7:26pm Aug 4, 2020 7:26pm
Quoting ficibald
Thred seems dead. People failed on this system?
I think the reason this thread has gone a bit quiet, is that it is such a complete system, that not much needs to be said. Stick to Laura's rules and you'll be fine. I have even been deleted from other threads for recommending this one.
All you touch and all you see, is all your life will ever be.
  • #2,743
  • Aug 4, 2020 7:59pm Aug 4, 2020 7:59pm
Quoting MrAnta997
Hi, First of all, I'd like to thank you, Laura, for providing this much value!! Also, I'd like to thank everyone else who, based on their own experience and knowledge, made this thread a real gem.. Been lurking for a while now, and definately decided to start trading by reading the chart in the way Laura explained. I made about 20 trades in the last 2 days, and my score is neutral, which is awesome, since I'm testing it for the first time.. Here are my trades, they're a bit more conservative than I'd like them to be, but since it's the beginning,...
Firstly, these currency pairs should be traded above 15min, not 1 min.
Secondly, these stop loss is for disaster. you should close when you find you are wrong with trend line.

Practice one trade carefully, more trades do not bring you lucky.
  • #2,744
  • Edited 10:31pm Aug 4, 2020 9:27pm | Edited 10:31pm
Quoting ficibald
Thred seems dead. People failed on this system?
Quite frankly I initially failed miserably. However I was following the roadmap to a "T" and ignoring price action. It's not precision GPS coordinates but a simple guide to help keep you on the right path. So far i have been profitable with about 4% a week increase. But i may only get 1-2 trades a week risking 1%. I wont complain since I usually end up flat. Back testing on average I end up with 20% per month.

Quoting MrAnta997
Here are my trades, they're a bit more conservative than I'd like them to be, but since it's the beginning, I didn't want to rush it..
Feel free to comment on them, we're all here to learn
Picked two of your trades and marked them up. Of course it's all in hindsight and of personal opinion. Your second GU looks spot on. Entered on a pull back to support and had nice looking bullish candles along with RSI and Price above multiple SMA
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  • #2,745
  • Aug 5, 2020 6:05am Aug 5, 2020 6:05am
Quoting MrAnta997
Here are trades that were closed and/or executed today.. Today was a big red day,
You can find LauraT's journal, which includes summaries of important aspects of trading, here:
https://www.forexfactory.com/showthread.php?t=995014
  • #2,746
  • Aug 5, 2020 9:04am Aug 5, 2020 9:04am
Quoting TheG-Lover
{quote} MrAnta997, If you were to categorize each of your entries on the charts you attached, which of the Roadmap strategies would each be?
- I think it would be the channel cross, although there were a few trades when the channel was ranging around the SMA, but I tried to minimize those trades and wanted to enter when the channel has chosen the long/short side of the SMA..
* Had a hard time paying attention to all of the parameters , so bunch of my trades were rushed and eventually fckd up..

Quoting TheG-Lover
{quote} Are you sure all of your entries meet what Laura has provided?
- No, because:
- My SLs are to close and were hit every time --> I put it there for a wrong reason.. Laura said that her SLs were put just to prevent disaster, but she barely hit them since she manually exits the trade when it goes against the plan..
- My TPs are either too far or too near the entry --> I put the TPs based on the support/resistance in the past, so if it's long, I put it under the S/R (support/resistance) line, or if the trade is short, than I put it over the S/R line/area.. That proved to be a bit off, so that experiment didn't end up good for me xD
- My entries aren't as good as I thought they are --> You can see that I misunderstood the trading method (part).. I thought that should wait for the price to brake the channel and then enter with: LONG if its over the SMA, or SHORT if it's ranging under SMA.. I looked for SMA in timeframes: M1, M5, M15, M30, if at least 2 were like the M1 (timeframe I'm trading) , if RSI is over 50 (tbh, I don't understand what does it represent) and if I don't have that ''hot potato'' feeling (when the price went too far up/down)..



Quoting dbsdsun
{quote} Firstly, these currency pairs should be traded above 15min, not 1 min.
- Didn't know that, tbh, and I could trade daily or these M1 or M5.. Daily is slow enough and the M1/M5 is fast enough, since I don't have 9-5 job, and I don't know my timetable in advance, so I can either sit for 3 hours and trade, or don't have time to trade for 2-3 days.. That's the biggest problem when it comes to TFs..
- My account (when I start live) will be pretty small, and trading it on higher TF is pretty much waste of time, since I'd probably get like $10 in 2 weeks.. Yes, it could build it up eventually, but for the budget I can afford to trade with, it would be pointless.. (i can't save more since I'm from the country where $1000/month is a dr's salary, haha) Gotta work with what I have

Quoting dbsdsun
{quote} Secondly, these stop loss is for disaster. you should close when you find you are wrong with trend line. Practice one trade carefully, more trades do not bring you lucky.
- I fell a sleep the other night, 3-4 stops got hit when I was asleep.. Stupid mistake,I know, but sht happens.. Thanks for pointing at it, though, I thought the same thing when I woke up and saw the charts..

- I get that (number of trades), but I got it wrong at the first place, so i saw bunch of entries where I actually should've entered.. I'll reduce the number of trades today and tomorrow, and we'll see if that helps.. I have experience in trading (crypto), so I think I don't have problem with managing the trades, the bigger problem is that I'm managing them wrong, thinking that I'm doing it right (If you understand me)


Quoting ChubbyWookie
{quote} Picked two of your trades and marked them up. Of course it's all in hindsight and of personal opinion. Your second GU looks spot on. Entered on a pull back to support and had nice looking bullish candles along with RSI and Price above multiple SMA{image}{image}
- Entry 1 from the #1 image and the Entry from the #2 image are both trades managed for a few minutes.. Before I fell a sleep.. Although I probably would'n exit when it closed below the SMA first time, I would close it when it got below SMA for the second time.. But yeah, that's the past.. It was quite stupid from me to start trading when I was exhausted, but I guess it's part of the learning process..

- I didn't see that it failed to go over daily high 4 times, tbh, and that's bad.. I fail to see those setups, head and shoulders, also..

- Will have some changes, for sure.. I have to draw trend channels, it would show those setups even better then.. Will post those changes in my next posts, when I finish trading today and/or tomorrow..


Once again, thanks for asking questions, I saw a lots of mistakes just by asking those questions to myself, after reading it from your posts.. I'll try not to waste your time, haha, and implement things I got more, now
  • #2,747
  • Aug 5, 2020 11:36am Aug 5, 2020 11:36am
Quoting ficibald
Thred seems dead. People failed on this system?
System is rock solid. I got tired of simply posting my trades whilst also trading and seemingly talking to myself. Perhaps you can carry on and post your trades for a while?
Congrats to those of you who continue posting and debating what is one of the best threads in FF.
every Saint has a past. Every Sinner has a Future
  • #2,748
  • Aug 5, 2020 1:30pm Aug 5, 2020 1:30pm
MrAnta997,
Thanks for posting your charts, asking for and most of all embracing the feedback.
You have brought the thread back to life and are setting yourself up for success
  • #2,749
  • Aug 5, 2020 1:38pm Aug 5, 2020 1:38pm
Work project over !!! Back to trading before work again.
So get back to posting a few trades, now and then...
Today, GBPUSD worked well on two different setups...
on my Pushbase setups, I double my quantity and set two targets now...one recent high and the other the 127% projection of the push.

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  • #2,750
  • Aug 6, 2020 7:53am Aug 6, 2020 7:53am
Quoting TheG-Lover
MrAnta997, Thanks for posting your charts, asking for and most of all embracing the feedback. You have brought the thread back to life and are setting yourself up for success
You're welcome, that's the least I can do, since I've been lurking for a while now, and since I got all the value from this thread, for free, basically.. Laura and all of you invested time and energy into sharing value, well, It's time for me to contribute to the community as much as I can..

I didn't trade yesterday because of my job, and I probably won't trade today much either, but I managed to execute one trade, I implemented a lot from discussing with you guys, so here's the trade before and after execution..

I tried to explain why I entered at that price, and why were my SL and TP placed at the prices they were placed..

As always, feel free to comment on what you think was good/bad, ask questions etc..
Also, if anyone hesitates if he/she should start implementing methods/techniques.. Stop hesitating, watch Mark Douglas and just start..

NOTE: In the first image, red is everything that was against the method, green is everything that was ''inline''(forgot the word, haha xD) with the method
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  • #2,751
  • Aug 6, 2020 9:05am Aug 6, 2020 9:05am
Quoting MrAnta997
{quote} You're welcome, that's the least I can do, since I've been lurking for a while now, and since I got all the value from this thread, for free, basically.. Laura and all of you invested time and energy into sharing value, well, It's time for me to contribute to the community as much as I can.. I didn't trade yesterday because of my job, and I probably won't trade today much either, but I managed to execute one trade, I implemented a lot from discussing with you guys, so here's the trade before and after execution.. I tried to explain why I...
Hi,
You are brave to enter counter trend against SMA 200 and MTF RSI. But I can see a logic of trendline break/pullback. I got USD JPY m5 entry today too! Just entered little bit more with standard road-map rules SMA and DO cross, after DO re-test I entered short, original target was on YL, but got nice big down bar on previous low so exited manually.
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  • #2,752
  • Aug 6, 2020 9:08am Aug 6, 2020 9:08am
Hi, do you know the RSI is not for m1, at least m15?
or did you adjust the compRSI settings?
  • #2,753
  • Aug 6, 2020 1:36pm Aug 6, 2020 1:36pm
Quoting MrAnta997
{quote} .. As always, feel free to comment on what you think was good/bad, ask questions etc..
Mr Anta997,
Your recent chart puts forth the perfect conversation about the fact the roadmap is a guide, that you utilize to frame your own techniques.
The challenge is when do your own techniques break with a few key axioms of the roadmap, then is it any more the roadmap?
At the end of the day, what matters is does your trading process consistently deliver a win/loss ratio that creates a strong equity curve.
The key axioms on roadmap have been baked by Laura and have delivered significant results for some of us on this thread.
In alignment with za1jcas' post, I too maintain the axiom from Laura's first post::
Next we have a channel created by using the High and Low of EMA8. We pay attention to two things with the channel. Where price is in relation to it and where the channel is in relation to SMA200. I originally used Raghee Horner's 34EMA channel but I have altered to 8EMA as it provides much faster confirmation of bias. I will talk a bit about bias during the thread and this provides us with our first one. If the channel is below SMA200 the bias is short and vice versa for long
Later on, Laura exposed us to her two advanced "regression" trades from the ATR and Prev HI/LO where she trades against this but uses those SR lines as if they were the SMA200. I am so fixed on the highlighted axiom, that I just can't do regression trades...but that is me!
In your trade, you essentially have created an axiom that a bounce from major SR:: "SR @ 105.381":: and trendline break is a regression trade for you. Where you don't pay attention to the MTF or RSIcomp or the emabands bias relative to the 200.
That may indeed become a consistently profitable trade for you. But recognize that you are creating a new rule outside the roadmap, that may or may not pay off over the long haul.
Keeping a solid trade journal and classifying each trade according to your defined Setups will tell you.
The paradox of trading is that it is a field that it provides unlimited freedom to create trading rules and unlimited choices to apply them, but only a very, very, very small combination of those will be profitable over time"
So I am not posting to say your are wrong, you may indeed have found an edge. Only you will be able to prove that out.
Best of luck,
  • #2,754
  • Aug 6, 2020 5:11pm Aug 6, 2020 5:11pm
my continued trip with the roadmap, still taking trades whenever rules are satisfied
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  • #2,755
  • Aug 7, 2020 5:34am Aug 7, 2020 5:34am
Quoting turnip15
{quote} System is rock solid. I got tired of simply posting my trades whilst also trading and seemingly talking to myself. Perhaps you can carry on and post your trades for a while? Congrats to those of you who continue posting and debating what is one of the best threads in FF.
ok
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  • #2,756
  • Aug 7, 2020 5:52am Aug 7, 2020 5:52am
Quoting ficibald
{quote} ok {image}
Would be nice if you mark your entry if you don't mind Hard to guess exact bar.
  • #2,757
  • Aug 7, 2020 6:07am Aug 7, 2020 6:07am
Quoting za1jcas
{quote} Would be nice if you mark your entry if you don't mind Hard to guess exact bar.
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  • #2,758
  • Aug 7, 2020 9:15am Aug 7, 2020 9:15am
Took the day off and managed to get a few trades between last night and early this morning. The GU was the only one in accordance to the most rules.
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  • #2,759
  • Aug 7, 2020 10:18am Aug 7, 2020 10:18am
Quoting Ndabezinhle
my continued trip with the roadmap, still taking trades whenever rules are satisfied {image}
post a few your trades please
  • #2,760
  • Edited 1:59pm Aug 7, 2020 1:45pm | Edited 1:59pm
Quoting TheG-Lover
{quote} Mr Anta997, Your recent chart puts forth the perfect conversation about the fact the roadmap is a guide, that you utilize to frame your own techniques. The challenge is when do your own techniques break with a few key axioms of the roadmap, then is it any more the roadmap? At the end of the day, what matters is does your trading process consistently deliver a win/loss ratio that creates a strong equity curve. The key axioms on roadmap have been baked by Laura and have delivered significant results for some of us on this thread. In alignment...
In my opinion, Roadmap is a guide on how to ''read'' the chart, first.. I'd say that it's one of the best I found so far..
The way I understand Laura, her main goal is to teach us how to read the chart as a roadmap (if you don't know what are cities, villages, rivers etc in the roadmap, you'll get lost pretty fast, but if you know what all of those ''characters'' stand for, you'll find your way easily), and not just bunch of spikes and lines xD

So, when you utilize your own ideas/techniques, you're basically finding different routs to the same ''place''.. Sometimes you have roadworks, closed roads etc (RSI isn't over/under, price is on the ''wrong'' side of the SMA etc), and you have to divert to other roads (trading against ''rules'' from the first post)..

As I said before, that's just my opinion on the Roadmap, and one of the most important things in Lauras thread is that we're all constantly sharing out thoughts (Hope I spelled it right xD)/ideas and are making this thread better..
I have experience in trading channels and position trading (Crypto), so I put a bit of ideas, I got trading Crypto, into trading Forex.. I may be wrong, but it's okay, we're all here to learn (Damn, if I got a $$ every time I said this here )

Quoting TheG-Lover
{quote} Best of luck
Thanks, wish ya all good luck and health!!


Here is the trade I did today.. Yet again, didn't have time for more, but managed to squeeze one trade, this time, it was a bit more according to Lauras first post



PS. I don't want to tag Laura, since I read she's having some personal problems, so I don't want to disturb her..
Laura, if you're reading this, I can't thank you enough for this thread!!
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