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  • #3,181
  • Sep 21, 2020 6:18am Sep 21, 2020 6:18am
Quoting LauraT
The double channel approach in action... {image} I've hopefully mentioned this already but, just in case I haven't, ADR High/Low does not carry the same weight on indices as it does with currencies. I will therefore happily sell indices below ADR Low if the conditions are right.
And your trades are in line with the 200ma should anyone not have noticed
every Saint has a past. Every Sinner has a Future
  • #3,182
  • Sep 21, 2020 6:21am Sep 21, 2020 6:21am
Quoting btrfx1
{quote} I got rid of the text but cannot remove the attachment--sent a note for chart to be removed. I'll just crawl back in my hole, with apologies if anyone tried to follow the chart Help me if you can Ben
You have to buy everyone a drink and you will be forgiven
every Saint has a past. Every Sinner has a Future
  • #3,183
  • Sep 21, 2020 6:35am Sep 21, 2020 6:35am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 420 KB


Nasdaq M1

A Channel crossing. I would like to have entered short but felt I ought to wait for price to enter channel
B Entered as price had moved into channel
B - C Twitchy time. Recent chat on FF about letting trade have room to move kept me in trade. My initial stop of 50pts was around the brown SR line and I was debating with myself whether to move it up as the trade was still valid ( the 50 pts stop is an arbitrary figure that I have set to ensure a stop when entering a trade) but I did not like PA bouncing off the SR line B-D
D Stop debate annulled as SR broken
E TP at yesterday Low.

All comments and advice welcome and appreciated. Should I have entered earlier? Was I right to wait for a pull back?
  • #3,184
  • Sep 21, 2020 6:42am Sep 21, 2020 6:42am
Hi all

Thank you Laura for your great thread and continues useful comments.
This is my today trade, GBPNZD, result +30.

I took it as a cross channel type.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD-5min.png Size: 45 KB

Thank you for all comments in advance.
  • #3,185
  • Sep 21, 2020 6:45am Sep 21, 2020 6:45am
Quoting Pilulae
{image} Nasdaq M1 A Channel crossing. I would like to have entered short but felt I ought to wait for price to enter channel B Entered as price had moved into channel B - C Twitchy time. Recent chat on FF about letting trade have room to move kept me in trade. My initial stop of 50pts was around the brown SR line and I was debating with myself whether to move it up as the trade was still valid ( the 50 pts stop is an arbitrary figure that I have set to ensure a stop when entering a trade) but I did not like PA bouncing off the SR line B-D D Stop...
Well done

I think there is justification for entering as soon as the channel crossed SMA, as the overall price action before that point was bearish. But I understand why you waited.

Be careful with stop placement. When you are entering quite far away from SMA, your stop has to be bigger as you don't want to exit a trade until the market proves you wrong. In your case, only the channel crossing above SMA would have proved you wrong.

Nice result though - keep it up!
  • #3,186
  • Sep 21, 2020 6:48am Sep 21, 2020 6:48am
Quoting ardalan91
Hi all Thank you Laura for your great thread and continues useful comments. This is my today trade, GBPNZD, result +30. I took it as a cross channel type. {image} Thank you for all comments in advance.
Nice trade, well done

How are you using Heiken Ashi candles?
  • #3,187
  • Sep 21, 2020 6:59am Sep 21, 2020 6:59am
Thank you so much.

It is "Trend Bricks" I try to get position same direction with this.

I am not really use it for this trade, maybe for confirmation.
Attached you can find the indicator.


Attached File(s)
File Type: ex4 TrendBricks.ex4   3 KB | 409 downloads
  • #3,188
  • Sep 21, 2020 8:36am Sep 21, 2020 8:36am
Quoting turnip15
{quote} You have to buy everyone a drink and you will be forgiven
G'day Turnip,
After my effort one would hope that the grog had not gone off hahahaha

As we have to comply with Covid Rules it will be done by social media

Laura----
Turnip---

Nite
  • #3,189
  • Sep 21, 2020 8:52am Sep 21, 2020 8:52am
UK afternoon start of US open Nasdaq.
Look at trades thro and off yesterdays Low and todays Open = Power of Confluence maybe?

EDIT: And example of Laura Example 2 ?

(Not traded by me)
Attached Image (click to enlarge)
Click to Enlarge Name: NasdaqPM1449.png Size: 472 KB
every Saint has a past. Every Sinner has a Future
  • #3,190
  • Sep 21, 2020 9:15am Sep 21, 2020 9:15am
Quoting LauraT
The double channel approach in action... {image} I've hopefully mentioned this already but, just in case I haven't, ADR High/Low does not carry the same weight on indices as it does with currencies. I will therefore happily sell indices below ADR Low if the conditions are right.
Hi Laura, thank you for the great strategy, may i know what indicator you are using as the chart below? "True Trend"? Where can i have the indicator?
  • #3,191
  • Sep 21, 2020 9:18am Sep 21, 2020 9:18am
Just watched the story of Mr. Dress UP with Tom Hanks.....all i can say is "its a beautiful day in the neighborhood" wish I had placed the kings ransom on this one but had to catch some sleep.....anyway ADR reached and turn around Tuesday could see a strong retace depending on the political climate in Britain.
Attached Image (click to enlarge)
Click to Enlarge Name: pure profit.PNG Size: 35 KB
  • #3,192
  • Sep 21, 2020 9:20am Sep 21, 2020 9:20am
Quoting joelloh
{quote} Hi Laura, thank you for the great strategy, may i know what indicator you are using as the chart below? "True Trend"? Where can i have the indicator?
Click the paperclip at top of thread and you'll find it
  • #3,193
  • Sep 21, 2020 9:34am Sep 21, 2020 9:34am
Hi

another trade (6 pips),
I don't know, did I exit early or not.

Attached Image (click to enlarge)
Click to Enlarge Name: CF-5min.png Size: 52 KB


thank you all for comments.
  • #3,194
  • Sep 21, 2020 10:01am Sep 21, 2020 10:01am
I don't say this to boast but today I've banked over 700 points on just the Dow. In addition I have shorts on Gold, Oil and Dax.

I mention this because I want you to know what's possible by following the roadmap. Today is an exceptional day, due to the collapse in world markets, but I didn't use any special trading skills that I haven't shared. I simply followed the roadmap.

Not every day will be this good, of course. But part of of trading is driving home your advantage when the markets are lopsided and are offering 'easy' money.

Lots of green pips to you all

Here's a selection of the trades:

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #3,195
  • Sep 21, 2020 10:02am Sep 21, 2020 10:02am
Quoting ardalan91
Hi another trade (6 pips), I don't know, did I exit early or not. {image} thank you all for comments.
More to the point - and if you had been reading Laura's journal - can you tell us why you got out where you did?
every Saint has a past. Every Sinner has a Future
  • #3,196
  • Sep 21, 2020 10:07am Sep 21, 2020 10:07am
Quoting turnip15
UK afternoon start of US open Nasdaq. Look at trades thro and off yesterdays Low and todays Open = Power of Confluence maybe? EDIT: And example of Laura Example 2 ? (Not traded by me) {image}
Later that afternoon -confluence still in action ( in addition to Ex2 Laura's)
Attached Image (click to enlarge)
Click to Enlarge Name: NasdaqPM1604.png Size: 477 KB
every Saint has a past. Every Sinner has a Future
  • #3,197
  • Sep 21, 2020 10:08am Sep 21, 2020 10:08am
Another trade just closed.

Attached Image (click to enlarge)
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  • #3,198
  • Sep 21, 2020 10:20am Sep 21, 2020 10:20am
dow short from earlier
Attached Image (click to enlarge)
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  • #3,199
  • Sep 21, 2020 10:21am Sep 21, 2020 10:21am
would have been worthwhile staying up overnight....print some money lol
Attached Image (click to enlarge)
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  • #3,200
  • Sep 21, 2020 10:25am Sep 21, 2020 10:25am
Shorted the DOW earlier after a break of my TL. Then exited after price broke my speed line and also closed above the 8 EMA Channel.
Attached Image (click to enlarge)
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