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

MrAnta997,
We are in complete agreement on the purpose of the roadmap and making it our own way of trading.
To that point
I have two setups that I trade which use the roadmap for the framing of the trade, but the technique is purely mine (actually probably a combination of things I have learned somewhere from others!)
An example is the only trade I saw setup to my liking this morning on GBPUSD.
My favorite PUSHBASE setup...just below the Previous Days Low acting as upward resistance.
Yielded 38pips.
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Great to be back able to trade for a couple hours or so everyone morning before work again.
Managed 18 trades, 14 winners and 236 pips net this week trading only 8 pairs on 5 min charts.
I never had this type of performance over such a long period until I found Laura's roadmap.
A great weekend to all and happy profits next week.
Hello all

After trading for many many years with firstly a Simba and then Alorente TMA (both of which were initially outside this forum) based strategy, which over the last year I've introduced pivot's and MM lines to avoid too much drawdown with news which I still trade on the 4hr timeframe. A fellow trader advised me to join FF and read this thread. I'm a UK based trader and this thread out of all that I've read over the year's is the most eloquent and succinct thread, with a very knowledgeabl writer. A few blips on the way with but generally it's a nice thread to read with no hecklers (only on page 59!).

Thank you Laura for bringing a site to the interest of an age old professional traders. If only everyone could set out trading strategies as well as you can without talking in riddles!!

You've given me an edge to stick with this website for a bit longer as there are lots of traders with red flags alongside their name that don't deserve that status.

I hope you Laura realises how much she has brought to this website.

All the best
Got winner on EUR GBP m5. After YL break market tested it from other side with 4 rejection bars. Was going against momentum as pullback trend-line shows it, which usually is not good, but these 4 rejections bars really convinced me that sellers are active. Original target was based on measured move of previous down leg, but I lack patients ...
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Quoting LauraT
{quote} Just a quick reply on this point as I probably never really expanded on it previously. Let's say there is a particularly strong trend underway and you make the decision to jump onboard while price is, say, 100 pips away from SMA200. As you correctly identify, a traditional stop placement (i.e. the emergency stop) is going to provide an absurd level of risk. In that case, I would suggest placing an emergency stop around the SMA but (and this is a key BUT) then actively managing the trade using trendlines and speedlines. Once your trendline...
Hi Laura

I hope you don't mind if I point out a little but important detail. With a large stop like 100 Pips risk is not increased. We should always keep the same low risk.
Meaning, with a large stop tradesize has to be reduced. Isn't it?
Quoting colbru
{quote} Hi Laura I hope you don't mind if I point out a little but important detail. With a large stop like 100 Pips risk is not increased. We should always keep the same low risk. Meaning, with a large stop tradesize has to be reduced. Isn't it?
Laura is currently away from the thread due to family reasons.

At least in the US, there is a limit to just how small you can position size, particularly in the futures markets. Depending on the size of the distance from entry to stop, you can still have a high risk level relative to your total equity at the minimum order size.
Quoting TheG-Lover
{quote} Laura is currently away from the thread due to family reasons. At least in the US, there is a limit to just how small you can position size, particularly in the futures markets. Depending on the size of the distance from entry to stop, you can still have a high risk level relative to your total equity at the minimum order size.
Thank you, did not think about this possibility.
Thanks for pointing this detail out.
So according to the rules we couldn't take this trade?
Because there was no channel cross or failure??
Ok just read page 34 and I see we can as long as we find exhaustion.( like a hammer or engulfing etc)
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Quoting Detto
So according to the rules we couldn't take this trade? Because there was no channel cross or failure?? Ok just read page 34 and I see we can as long as we find exhaustion.( like a hammer or engulfing etc) {image}
Hi, major NO for this trade is rejection from Yesterday High. Do not fight momentum after Y H/L test. But there was OK trade around 9 am, and use YH as target. Also there was OK trade later, after YH break. I did not take this trade, because wanted to get YH tested for better price, but I know who took it Hope it helps.
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Quoting Detto
So according to the rules we couldn't take this trade? Because there was no channel cross or failure?? Ok just read page 34 and I see we can as long as we find exhaustion.( like a hammer or engulfing etc) {image}
not take is fine. more important is not loss.
August has been a choppy month for me in general, so I just tried a little experiment. Using the roadmap method, on a 5 minute chart on GU, I wanted to see if August so far would have been a good month, and the answer is yes. I have tried the roadmap method on the 1 minute chart on GU, and take it from me, some days it might work but you will also get a lot of false signals. The reason I tried it on the 1 minute chart was because I wanted more entries, but it did not work as effectively.

On the 5 minute chart, most days I can see 1 or 2 entries and most days were successful in the end. There was obviously a bit of drawdown on some days, but sticking to the 5 minute chart would have paid off.

The only losing day on GU that I can see in August was the 12th of the month, where I would have taken a short (loss), a long (loss) and then finally a short (win). In fact, I think if it went wrong for me twice on the 5 minute chart on one day, I would have gone away and come back tomorrow. My trading time is usually 8am-4pm UK time.

A quick glance on GJ and EU shows a decent success rate during the same time period as well. Of course, this experiment relies completely on me looking over the charts alone, and not taking into consideration the RSI. I might not have taken some of those false signals when trading live, if the RSI did not agree.

People trading on the 5 minute chart, would you say you're having a decent success rate?
Quoting ia1979
August has been a choppy month for me in general, so I just tried a little experiment. Using the roadmap method, on a 5 minute chart on GU, I wanted to see if August so far would have been a good month, and the answer is yes. I have tried the roadmap method on the 1 minute chart on GU, and take it from me, some days it might work but you will also get a lot of false signals. The reason I tried it on the 1 minute chart was because I wanted more entries, but it did not work as effectively. On the 5 minute chart, most days I can see 1 or 2 entries...
Laura has posted several times that 5 minute is better for forex whilst one minute is workable with the Dax indicis etc.
Quoting turnip15
{quote} Laura has posted several times that 5 minute is better for forex whilst one minute is workable with the Dax indicis etc.
Thanks T. I thought I had read that somewhere. Lesson learnt. As they say, it is only a mistake if you don't learn from it .
Quoting ia1979
. People trading on the 5 minute chart, would you say you're having a decent success rate?
ia1979,
I have found amazing success utilizing Laura's roadmap as the basis for trading and I am trading on the 5min timeframe.
I have utilized her methodology as my basis.
Because I can only actively trade between ~04:00 and ~7:00 US Central time, I have had to modify aspect to a scalping system.
I use a couple of Laura's set ups (XO: Crossovers and XOF: Failed Crossovers) and a couple of my own (200F: 200smaFade and PB: Pushbase).
Below is the snapshot from my spreadsheet tracker for the month of August. Missed two mornings of trading this week. So the results below
are only for 8 days or ~ 24hours of screentime. I do not know if I would have better/worse results if I traded longer each day?...
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Since I have moment to post, here were my three trades from Friday morning.
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Great weekend to all and many pips next week !
Quoting TheG-Lover
{quote} ia1979, I have found amazing success utilizing Laura's roadmap as the basis for trading and I am trading on the 5min timeframe. I have utilized her methodology as my basis. Because I can only actively trade between ~04:00 and ~7:00 US Central time, I have had to modify aspect to a scalping system. I use a couple of Laura's set ups (XO: Crossovers and XOF: Failed Crossovers) and a couple of my own (200F: 200smaFade and PB: Pushbase). Below is the snapshot from my spreadsheet tracker for the month of August. Missed two mornings of trading...
Roughly 353 pips for 8 days ! A person spread betting in the UK for £10 per point would be over the moon with £3530 for eight days work or £1765 for a £5 per point or even £353 for £1 per point. Well done G.
Quoting TheG-Lover
{quote} ia1979, I have found amazing success utilizing Laura's roadmap as the basis for trading and I am trading on the 5min timeframe. I have utilized her methodology as my basis. Because I can only actively trade between ~04:00 and ~7:00 US Central time, I have had to modify aspect to a scalping system. I use a couple of Laura's set ups (XO: Crossovers and XOF: Failed Crossovers) and a couple of my own (200F: 200smaFade and PB: Pushbase). Below is the snapshot from my spreadsheet tracker for the month of August. Missed two mornings of trading...
Excellent results. Many thanks for sharing. This will be an inspiration for all new comers.
Quoting TheG-Lover
{quote} ia1979, I have found amazing success utilizing Laura's roadmap as the basis for trading and I am trading on the 5min timeframe. I have utilized her methodology as my basis. Because I can only actively trade between ~04:00 and ~7:00 US Central time, I have had to modify aspect to a scalping system. I use a couple of Laura's set ups (XO: Crossovers and XOF: Failed Crossovers) and a couple of my own (200F: 200smaFade and PB: Pushbase). Below is the snapshot from my spreadsheet tracker for the month of August. Missed two mornings of trading this week. So the results below are only for 8 days or ~ 24hours of screentime. I do not know if I would have better/worse results if I traded longer each day?... {image} Since I have moment to post, here were my three trades from Friday morning. {image}{image}{image} Great weekend to all and many pips next week !
I'm talking about your EURUSD trade. there is a CCI divergence.
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Quoting TheG-Lover
{quote} ia1979, I have found amazing success utilizing Laura's roadmap as the basis for trading and I am trading on the 5min timeframe. I have utilized her methodology as my basis. Because I can only actively trade between ~04:00 and ~7:00 US Central time, I have had to modify aspect to a scalping system. I use a couple of Laura's set ups (XO: Crossovers and XOF: Failed Crossovers) and a couple of my own (200F: 200smaFade and PB: Pushbase). Below is the snapshot from my spreadsheet tracker for the month of August. Missed two mornings of trading...
Hi, can you explain the 200smaFade and Pushbase traders further? Thanks in advance.
Quoting dbsdsun
{quote} I'm talking about your EURUSD trade. there is a CCI divergence. {image}
dbsdsun
Very interesting!!!!
Have you been able to validate over historical trades that using CCI with crossovers or failed crossovers improves overall performance of those two setups?
Quoting forexhanoi33
{quote} Hi, can you explain the 200smaFade and Pushbase traders further? Thanks in advance.
i recommend you go back thru this forum since June as I have posted several times these setups and how I use them with screenshots.
Quoting TheG-Lover
{quote} i recommend you go back thru this forum since June as I have posted several times these setups and how I use them with screenshots.
Thanks! Will do.
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