Roadmap - A Way To Read Markets | Page 164 | Forex Factory

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Roadmap - A Way To Read Markets

  • #3,261
  • Sep 22, 2020 10:20am Sep 22, 2020 10:20am
Quoting Tensor
Here are a few profitable trades today to offset the loss this morning. EURUSD (+33 pips) - This is a channel failure trade where I entered when the upward trendline was broken. There was quite a drawdown but channel never crossed back above the SMA so I held on. {image} GBPUSD (+55 pips) - Shorted this channel cross alongside EURUSD. Price could potentially keep falling but I decided to take profit as I know I can get a bit emotional and exit at the worst times when prices retrace and I go from profit to breakeven. Still trying to work on that!...
Nice trades - well done

If you struggle with retracements, I suggest you think about taking partial profits and letting some run. That way, if you catch a big runner, you can at least profit with some of your original position. But, if you'd rather stick to one entry and one exit, that's fine too. 88 pips is a nice haul.
  • #3,262
  • Sep 22, 2020 10:58am Sep 22, 2020 10:58am
Quoting 2george
{quote} Got that too. The illustration in your post showed magenta lines over both the chart candles and the indicator. If this is auto drawn then I wanted that version. I understand fully it is a CCI indicator and it is a superb usage of CCI. George
Those are hand drawn based on observance only........seldom traded but used as an alert to change in the making...
  • #3,263
  • Sep 22, 2020 11:07am Sep 22, 2020 11:07am
Quoting LauraT
{quote} Nice trades - well done If you struggle with retracements, I suggest you think about taking partial profits and letting some run. That way, if you catch a big runner, you can at least profit with some of your original position. But, if you'd rather stick to one entry and one exit, that's fine too. 88 pips is a nice haul.
Thanks for the tips Laura. After years of roaming FF, I decided to finally start posting my trades here to give myself more accountability and force myself to strictly follow the rules of the strategy. Sometimes I find myself deviating from the rules at my own expense but sharing my trades with the community here holds me accountable to not making decisions that could mislead others off the roadmap strategy. Thanks for all your contributions, and I'm excited to share my journey and watch others as they do the same.
  • #3,264
  • Sep 22, 2020 12:30pm Sep 22, 2020 12:30pm
Quoting Scrambleguy
{quote} ok, that sounds a good idea!, enjoy your bickies
And chocolate biccies - we were spoilt today SG, and the sun shone all day
every Saint has a past. Every Sinner has a Future
  • #3,265
  • Sep 22, 2020 1:32pm Sep 22, 2020 1:32pm
Quoting Scrambleguy
{quote} Hey Turnip are you just trading naz? Which is a good thing i think, depending on how your brain works. Even 4 pairs i struggle to maintain focus.
Not traded by me this afternoon due to tea and Biccies date with friends. (my ears are larger than most)
But a nice chart with price acting around levels.
Draw some speed lines etc and it would be a good afternoon. But there would have been a couple of losses Matteo. But great overall.
Hope you had a good day ScrambleGuy.
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every Saint has a past. Every Sinner has a Future
  • #3,266
  • Sep 22, 2020 1:52pm Sep 22, 2020 1:52pm
Long on DOW from about an hour ago. I went long after the 8 EMA channel got above SMA and price closed above my TL. I exited after the a large bar almost hit the most recent high to the left. Also it was quite run of the bars closing above the 8 EMA channel up to that point.
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  • #3,267
  • Sep 22, 2020 2:55pm Sep 22, 2020 2:55pm
Quoting turnip15
{quote} And chocolate biccies - we were spoilt today SG, and the sun shone all day
Sounds very nice, i had the joy of killing myself mountain biking
  • #3,268
  • Sep 22, 2020 3:32pm Sep 22, 2020 3:32pm
Quoting Scrambleguy
{quote} Sounds very nice, i had the joy of killing myself mountain biking
Ah -youth. Wasted on the young
every Saint has a past. Every Sinner has a Future
  • #3,269
  • Sep 22, 2020 4:59pm Sep 22, 2020 4:59pm
not as lucrative as yesterday but a nice solid, no heat trade with +-60 pips
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  • #3,270
  • Sep 22, 2020 6:01pm Sep 22, 2020 6:01pm
Quoting Scrambleguy
{quote} Shock, horror you lost a trade!
Obviously this whole thread is a scam.
All you touch and all you see, is all your life will ever be.
  • #3,271
  • Sep 23, 2020 2:24am Sep 23, 2020 2:24am
Quoting turnip15
{quote} Ah -youth. Wasted on the young
No Mr T 54! ( old fart, thinks he`s 20!
  • #3,272
  • Sep 23, 2020 3:09am Sep 23, 2020 3:09am
Couple of gold trades from yesterday closed this morning.

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Stop was at yesterday's high and I slept while trades progressed.
  • #3,273
  • Sep 23, 2020 3:30am Sep 23, 2020 3:30am
Nasdaq Morning UK - Last arrow long may be a loser -will have to wait. Arrow before that was break even ( jumped out too quick.)
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every Saint has a past. Every Sinner has a Future
  • #3,274
  • Sep 23, 2020 4:10am Sep 23, 2020 4:10am
Quoting turnip15
Nasdaq Morning UK - Last arrow long may be a loser -will have to wait. Arrow before that was break even ( jumped out too quick.) {image}
Last trade worked out in the end. Done for this morning. Trade well all.
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every Saint has a past. Every Sinner has a Future
  • #3,275
  • Sep 23, 2020 6:19am Sep 23, 2020 6:19am
Here's an entry technique that might prove helpful to those who find they often buy tops or sell bottoms.

In this example, the channel is above SMA so our bias is long. The four arrows point to bars that have closed above the channel after previous bars closed either inside or below. These are potential entry points if you want to get into an existing trend.

I picked this chart at random so it's not an ideal example but have a look at some other charts with this technique in mind and see if it'd help you.

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  • #3,276
  • Sep 23, 2020 8:54am Sep 23, 2020 8:54am
Knocked out of my first trade but kept 6 points ( ensures I am paid for some effort rather than go full stop with no gain) ie. BE +5
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every Saint has a past. Every Sinner has a Future
  • #3,277
  • Sep 23, 2020 9:16am Sep 23, 2020 9:16am
Snatching points today so far. NOTE -lot of RED news out today
Looking at levels
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every Saint has a past. Every Sinner has a Future
  • #3,278
  • Edited 1:40pm Sep 23, 2020 9:56am | Edited 1:40pm
Quoting Matteorossi
This is my first (and probably my last) post. I signed up only to write to Laura. I have read her entire interesting thread , and have seen published almost only winning trades. Dozens and dozens of screenshots with Laura's winning trades. Perfect entries and -above all- perfect exits only. Especially the exits are perfect, too perfect. You know, in trading the entries are quite easy, but the exits are difficult: instead Laura manages to cover the whole trend, collecting all the pips. Mah ... TE ?, myforexbook ?: no , just meager screenshots with...
I've been trading this for a few weeks now while reading through the thread and have had quite impressive results. On top of that I've also been going through the historical data and can see that the patterns -- especially the retracement after channel crossings before moving further away from 200SMA -- have been repeating themselves to no end.

A healthy amount of scepticism in this industry full of crooks is not a bad thing, but I urge you to first dip your toes in before making any claims. No one is obligated to spoonfeed us, or even be honest here. It is entirely up to us to verify their claims.
  • #3,279
  • Sep 23, 2020 10:31am Sep 23, 2020 10:31am
Quoting turnip15
Snatching points today so far. NOTE -lot of RED news out today Looking at levels {image} {image}
End of UK afternoon point grabbing for me.
Not a good example of focused scalping being taken out of trades due to poor stops and poor entries but a gain overall. I feel I was not "In the Zone" so to speak. Even a simple approach such as Example 2 Laura type trades would have done better. Have printed off the charts and will go over them later.
Often one finds that the morning session is better than the afternoon or vice versa. Seldom get two brilliant trading sessions in one day?
As an aside; there are over 30 people or more viewing this site...............charts anyone?

EDIT: 4:40pm - I just knew it. I logged off and now see price has made a nice short in my absence. Bah -Humbug!
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every Saint has a past. Every Sinner has a Future
  • #3,280
  • Sep 23, 2020 10:57am Sep 23, 2020 10:57am
FTSE

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Took profit at Yesterday's High.

This was one that, as long as the 8EMA channel stayed below the 55EMA channel, I was staying in until my target was hit.
7 traders viewing now, 1 is registered:
roma23