Roadmap - A Way To Read Markets

Quoting LauraT

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{quote} Try not to enter on a spike. They often retrace. As you say, your entry and exit were both at extremes - ouch. Although you got market structure right, you were selling into what looks very much like exhaustion price action (the final big push before a reversal).

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Quoting DavidUK

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{quote} Hi Laura, Just trying to spot your entry requirements on this - Two bars closed below channel in existing downtrend? Many thanks

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Quoting OAPDave

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{quote} Hi Turnip My interest as moved to actual UK Shares, I noted that LCG offers UK Share Trading, so would it be possible to to tell me if your new LCG platform offers the full FTSE All Share Index and all the individual shares, by the way being a UK client what leverage have they offered you for your Forex trading Thanks Dave {image}

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Quoting OAPDave

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{quote} Thanks for your reply, have deleted my post as it is off thread topic, just thought I would ask, as you seem a very helpful guy

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Quoting OAPDave

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{quote} Thanks for your reply, have deleted my post as it is off thread topic, just thought I would ask, as you seem a very helpful guy

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Quoting OAPDave

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{quote} Hi Lem Had the good fortune to survive a few of these Black Swan events, hope my luck holds out with this one . After these events in the past I always looked, but never did anything about how Shares regained their value, so this time I thought it was time to have ago, hence doing some prep work Oh and by the way my other interest is 2 mile Flat races haha {image}

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Quoting L1ghtning

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I'm pretty sure this EURUSD trade meets all the rules (still learning and practising atm) Market didn't hit the previous daily high and made a lower high. Channel cross. RSI and MTF all lined up with bearish momentum. Waited for pullback into the channel. My entry could have been a bit higher but at least it was in the channel. I targeted the daily low, but set the TP just above in case it didn't quite make it. Thank you for this system Laura {image}

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Quoting Swede

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Should have a reasonable chance to hit target on cable today.....maybe even more this was a 200 sma test plus cci in confirmation {image}

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Quoting LauraT

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{quote} I prefer to use bars as I found that candles visually 'dominate' our attention. I wanted my attention to be focused on not just price action but where price is in relation to various elements of roadmap. But, if people prefer candles, absolutely fine

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Quoting turnip15

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Really liking this LCG Platform. Very intuitive for marking up quickly. Draw low points etc from left and project forwards to the right and wait for intersecting price action to approach etc. EDIT : I don't know if one can enter "ROAD MAP" template or similar on it ? {image}

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Quoting LauraT

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Here's a Nasdaq trade I closed recently. {image} There's nothing complicated or dramatic about the trade but it's the very simplicity of the entry and exit reasoning that I wanted to highlight. I got into the position after price had cleared the daily open line (with the 8EMA channel above the SMA) and I exited around Yesterday's High. Trading doesn't have to be complex. If you have to do mental gymnastics around where to get in or out, your entry or exit reasoning needs work. If you enter a trade and immediately get anxious about the outcome,...

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Quoting LauraT

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The end to a very good week. +340 on Dow and +150 on Nasdaq. {image} {image}

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