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Roadmap - A Way To Read Markets

  • #3,621
  • Oct 5, 2020 10:30am Oct 5, 2020 10:30am
Quoting birdland
{quote} very good post, absolutely true. i found the hardest part in trading this style is the psychology. but it pays...
Remember, for those who do find it hard to scale in - and many, many do - I wasn't necessarily saying you have to do that.

I was more making the point that you can wait completely. Don't take the early entry at all.

You very deliberately wait till you get the two closes over, then see the pullback. You then look for pa - even dropping from say 14 min, to 5 min or 1 min charts for micro pa - to let you see you are getting the turn.

Then you go in.

You will still be utilising all of Laura's entry criteria but simply showing more patience.

That was why I said that if the entry then still goes bad, you will have lost a lot less than you would have done had you gone in earlier and farther away, while now making more should you get it to go your way, as you will be in at a much better price.

The pa is key but then, come on, if anyone here can't recognise the most basic things they can use, then they need to wait till they can before trading at all.
  • #3,622
  • Oct 5, 2020 10:57am Oct 5, 2020 10:57am
[quote = Goyatrade; 13199238] {quote} Tutto spiegato nel post 1 e nel Journal !! Leggilo! Il segreto del successo è G + O + Y + A. Allontanati dalla tua anatomia !! [/ quote]

I'm sorry I didn't make myself clear, I highlighted with arrows what I wanted to know from Laura.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURAUDM5.png Size: 39 KB
  • #3,623
  • Oct 5, 2020 11:14am Oct 5, 2020 11:14am
Quoting maxymm74
[quote = Goyatrade; 13199238] {quote} Tutto spiegato nel post 1 e nel Journal !! Leggilo! Il segreto del successo è G + O + Y + A. Allontanati dalla tua anatomia !! [/ quote] I'm sorry I didn't make myself clear, I highlighted with arrows what I wanted to know from Laura. {image} {image}
Okay, then sorry for the rude answer!!
  • #3,624
  • Oct 5, 2020 11:20am Oct 5, 2020 11:20am
Quoting maxymm74
[quote = Goyatrade; 13199238] {quote} Tutto spiegato nel post 1 e nel Journal !! Leggilo! Il segreto del successo è G + O + Y + A. Allontanati dalla tua anatomia !! [/ quote] I'm sorry I didn't make myself clear, I highlighted with arrows what I wanted to know from Laura. {image} {image}

Ciao

Just a couple of things I'm experimenting with, nothing you need on your charts at the moment. I try a lot of things out but most get discarded.
  • #3,625
  • Oct 5, 2020 11:21am Oct 5, 2020 11:21am
Quoting lemercenaire
{quote} I was more making the point that you can wait completely. Don't take the early entry at all.
Totally agree)) with all post, but most this words.

We dont really need diferent criteria for analysis the market(such as indicators, other data). Just need to understand what structure is it, simple sequence of hi/lows on 1 intraday higher tf, to see that we got probability of new move, or probability of continuation. And then, when we understand, just stick the enter/exit rules of Laura's simple(great) system on smaller tf to the side that we'd seen on higher. And thats all...

Need just wait to understand the the suquence wait a bit to be honest...and there is not quick fail entries.
  • #3,626
  • Oct 5, 2020 11:23am Oct 5, 2020 11:23am
Just discovered this thread and getting the excitement of trying a new strategy, thank you for the post!! Anyone else see an entry to SELL on EUROUSD 1H?
Attached Image (click to enlarge)
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  • #3,627
  • Oct 5, 2020 12:30pm Oct 5, 2020 12:30pm
Quoting SerbSerb
Just discovered this thread and getting the excitement of trying a new strategy, thank you for the post!! Anyone else see an entry to SELL on EUROUSD 1H? {image}
I don't see any basis to go short. According to the guidelines of the roadmap, all factors are pointing to a long (CompRSI > 60, higher highs, EMA8 above SMA in almost all timeframes). Although bias is long, I personally would stay out given how far away price has wandered from the SMA200.
  • #3,628
  • Oct 5, 2020 12:51pm Oct 5, 2020 12:51pm
Quoting LauraT
Fresh channel cross on EURAUD. {image} Gold. {image}
Evening !
Trying to get the first chart to line up with mine and it doesn't seem to want to, the 8EMA channel looks very different, I assume I have the right time (I'm set to UTC+1)?

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2020-10-05 EURAUD 1 64017 +0 26% Roadmap.png Size: 84 KB

Thanks !
  • #3,629
  • Oct 5, 2020 1:32pm Oct 5, 2020 1:32pm
Quoting Tensor
{quote} I don't see any basis to go short. According to the guidelines of the roadmap, all factors are pointing to a long (CompRSI > 60, higher highs, EMA8 above SMA in almost all timeframes). Although bias is long, I personally would stay out given how far away price has wandered from the SMA200.
Trades to the mean present great opportunity, but when going for the trade to the mean makes me to trade against the established trend on a given TF (usually very short TF) there have to be very compelling reason/s for trading to the mean ( against the trend on short TFs), otherwise I wait for a PB and go with the trend.

For the last several years I only trade DOW and occasionally DAX
Trading DOW I would establish long position on quarterly futures even though on shorter TF trend is still bearish or about to turn, but there have to be a very real reason for such a trade. On intraday and especially scalping I just follow the trend on short TFs (M1, M5, M30).
When the quarterly position (always a multi entry position is well establish) I can treat it as a hedge on cash futures. Initial SL on the quarterly trades is very far away and position small, always ready to add if the market goes against my position, providing that the reason for that trade has not been rejected by the PA and some undermining fundamentals.
Quarterlies can be held for a long time with no additional costs (up to three months, or longer with an automatic roll over). For quarterly futures trade/s currently DEC-20 I use higher TFs M30, H4, Daily and Weekly
The SMA 200 is a good one especially on shorter TFs
The Road map template is good for scalping and intraday and with little modification it can easily be used using higher TFs
Trend and market structure is paramount on any TF, and so is TFs gearing.
Good trades to all!
Make sure losses are small and profits are bigger!
  • #3,630
  • Edited 10:53pm Oct 5, 2020 1:36pm | Edited 10:53pm
Unfortunately due to personal circumstances I had to step away from trading (again) for a while.

Quick update re. the trades I had going at the time on the daily time frame. Happy to report that every trade closed in profit, with two thirds hitting TP and the remainder closed manually - thanks Laura. Anyone looking to trade longer time frames, as Laura has mentioned several times, the Roadmap works well! Really well.

Regardless of the above, I feel I was lucky and there is so much more to learn. I am going to temporarily switch to hourly or H4 charts as well as read through the entire thread again, as I feel there are so many hints and tips that I have missed on the first read from Laura, TheG-Lover, ChubbyWookie, Turnip and several others - thanks.
  • #3,631
  • Oct 6, 2020 12:48am Oct 6, 2020 12:48am
Good morning! I need a little help!! Would like to post my chart and trade for analysis, but dont know how!! IT illterate!! Can someone help please?
  • #3,632
  • Oct 6, 2020 1:05am Oct 6, 2020 1:05am
Thank you for sharing this! It helped me to re-fresh my knowledge
  • #3,633
  • Oct 6, 2020 1:19am Oct 6, 2020 1:19am
Quoting Goyatrade
Good morning! I need a little help!! Would like to post my chart and trade for analysis, but dont know how!! IT illterate!! Can someone help please?
Rt click on your chart on mt4.
Save as Picture.
Save to desktop.

Here on FF...
Click on Upload From Device.
Click on ''File Name''.
Pick chart from desktop.
Click Add attachment: Upload From Device.
Click ''Insert''

Click Post New Reply.
  • #3,634
  • Oct 6, 2020 1:46am Oct 6, 2020 1:46am
Quoting lemercenaire
{quote} Rt click on your chart on mt4. Save as Picture. Save to desktop. Here on FF... Click on Upload From Device. Click on ''File Name''. Pick chart from desktop. Click Add attachment: Upload From Device. Click ''Insert'' Click Post New Reply.
Thanks a lot! Managed part of it, but then cannot find the saved pic again!! Will wait for the Missus to come from work, she‘s a boffin!! Thanks anyway! Have a nice day!
  • #3,635
  • Oct 6, 2020 2:01am Oct 6, 2020 2:01am
Quoting Goyatrade
{quote} Thanks a lot! Managed part of it, but then cannot find the saved pic again!! Will wait for the Missus to come from work, she‘s a boffin!! Thanks anyway! Have a nice day!
No worries.

Try again and check where your computer has saved the pic to. It will probably default to ''Downloads''. Change that to ''Desktop'' and you're good to go.

Just try a post and delete it once you see it working if it's not what you actually want to stick on.
  • #3,636
  • Oct 6, 2020 2:19am Oct 6, 2020 2:19am
Attached Image (click to enlarge)
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Getting cleverer everyday thanks!! Is it readable or too small?
  • #3,637
  • Oct 6, 2020 2:59am Oct 6, 2020 2:59am
Quoting Goyatrade
{image}Getting cleverer everyday thanks!! Is it readable or too small?
Just fine. If you want to show detail, just print an overview like that one, then zoom in and print that one below it as well. However, I reckon most will say this is good enough. All anyone needs to do is click on it to enlarge anyway.
  • #3,638
  • Oct 6, 2020 3:06am Oct 6, 2020 3:06am
Attached Image (click to enlarge)
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Finish for today at 2+% Was a bit f a struggle on first day on the strategy, but am struggling with the patience still!
Now starts the hardest part and that is to stay away from PC!! Because if i carry on now, I will be trying to protect my profit and stuff it up good!!
Wish you guys all the success you can handle, I am off to the garage!! Or surprise the Missus and swipe the floors or something!!
Go Well!!
  • #3,639
  • Oct 6, 2020 3:36am Oct 6, 2020 3:36am
My Road Map Customisation .
Attached Image (click to enlarge)
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  • #3,640
  • Oct 6, 2020 3:55am Oct 6, 2020 3:55am
Quoting unimak
My Road Map Customisation . {image}
I'll get my sunglasses
every Saint has a past. Every Sinner has a Future
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