Fresh channel cross on EURAUD.
Gold.
Gold.
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Software tools for LauraT's Roadmap 167 replies
Forex Brokerage Roadmap 4 replies
Best way to read all of someone's posts? 3 replies
Simple way to read chart 11 replies
Disliked{quote} Naughty price was not above M30 200 EMA on EURAUD or Gold M15Ignored
Disliked{quote} Lol. It doesn't have to be. As long as at least 2 of the 4 relevant timescales agree, it's fine.Ignored
Disliked{quote} Surely if you trading M5 the next two TF are M15 and M30? Or do you mean if M30 is red under but H1 is above its all good ?Ignored
Disliked{quote} If you are trading the 5m, you need at least two of the 1m, 5m, 15m, 30m to be the 'correct' colour. If you are trading the 1H, you need at least two of the H1, H4, D1, W1 to be the 'correct' colour.Ignored
Disliked{quote} Gosh I have been waiting for 2 higher TF TO AGREE ALL ALONG , works well thoughIgnored
Disliked{quote} I noticed that your entries lately are generally selling under the channel lows and buying above the channel highs. I've been doing the same lately and noticed that I almost always have to go through a drawdown due to a solid retracement before swinging back into a profit. Based on your experience, do you enter at these extremes to avoid missed opportunities where price runs away without any retracement? Is there any benefit to this as opposed to the original roadmap rules where you enter when price retraces back inside the channel? Edit:...Ignored
Disliked{quote} I noticed that your entries lately are generally selling under the channel lows and buying above the channel highs. I've been doing the same lately and noticed that I almost always have to go through a drawdown due to a solid retracement before swinging back into a profit. Based on your experience, do you enter at these extremes to avoid missed opportunities where price runs away without any retracement? Is there any benefit to this as opposed to the original roadmap rules where you enter when price retraces back inside the channel? Edit:...Ignored
Disliked{quote} Here's a trade I just closed. You'll see that, again, I entered outside the channel and suffered some drawdown for a while. But also notice that buying inside the channel wouldn't have made much difference (ok, I'd have got a slightly better price, granted). {image}Ignored
Disliked{quote} i could not trade with this style because this trade took more than 10 hours. maybe thats the reason i became a scalper;-) how do you handle this matter with these long lasting trades?Ignored
Disliked{quote} You're right. Lately I've been going for momentum, which means a bar closing on the appropriate side of the channel. It's a trade-off really. Sometimes waiting for a retracement will either not get you in because price flies away from you or that retracement will be the start of a reversal or mini-reversal and you'll be fighting against momentum. On the other hand, the downside (as you identify) is that you will effectively be paying a price premium outside the channel and you'll often be faced with an initial bit of drawdown. I tend not...Ignored
Disliked{quote} Here's a trade I just closed. You'll see that, again, I entered outside the channel and suffered some drawdown for a while. But also notice that buying inside the channel wouldn't have made much difference (ok, I'd have got a slightly better price, granted). {image}Ignored
Disliked{quote} Or you can do both. Go in early and then add into the move from a - usually - much better price after the break, pullback, off-we-go, entry. Split your trade size. I've been tempted to mention this earlier but no one else seemed to be bothered by it, so I let it lie, however it has been obvious for a long time that - certainly on currencies, indices do their own thing - that all you need do is wait for a break, two closes over, then there will almost inevitably be a pullback into drawdown before a much better...Ignored
Disliked{quote} In hindsight, all those dips below the EMA55 channel after your entry would have been excellent opportunities for a long. If you had not seen this chart until after 8:00, would you still have entered? Or would you have waited until the breakout above the EMA55 at 11:50 to enter? Knowing me, if I were looking at the chart in that moment, I would have been convinced a downtrend was forming and not have the guts to pull the trigger on a long.Ignored
Disliked{quote} Or you can do both. Go in early and then add into the move from a - usually - much better price after the break, pullback, off-we-go, entry. Split your trade size. I've been tempted to mention this earlier but no one else seemed to be bothered by it, so I let it lie, however it has been obvious for a long time that - certainly on currencies, indices do their own thing - that all you need do is wait for a break, two closes over, then there will almost inevitably be a pullback into drawdown before a much better...Ignored
Disliked{quote} hi Laura, sorry for the curiosity for your last 2 trades , what is channel8? it's an ea on the channel? in the second figure on the top right I see an indicator that I don't know, what would it be? thanks and sorry again.Ignored