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Roadmap - A Way To Read Markets

  • #3,641
  • Oct 6, 2020 4:50am Oct 6, 2020 4:50am
Quoting unimak
My Road Map Customisation . {image}
I recognise some H Harrington traits in that template
  • #3,642
  • Oct 6, 2020 6:22am Oct 6, 2020 6:22am
Quoting Goyatrade
{image}Getting cleverer everyday thanks!! Is it readable or too small?
That's awesome mate nice one. One day when I'm less stupid I hope to trade this well
  • #3,643
  • Oct 6, 2020 7:12am Oct 6, 2020 7:12am
Hi all, limited time for trading today, just a few micro swings, I hope I catch it later again
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  • #3,644
  • Oct 6, 2020 7:16am Oct 6, 2020 7:16am
Dax short from this morning. took off the position in small bites
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  • #3,645
  • Oct 6, 2020 7:26am Oct 6, 2020 7:26am
It's a quiet day today on this thread. The markets were a little rough today - 2 red trades for me on the channel cross.

-11 on USDCAD short
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-16 on EURUSD long.
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  • #3,646
  • Oct 6, 2020 8:07am Oct 6, 2020 8:07am
All

Before
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And after
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There is obvious resistance to the left, but it seems like there is often some type of S/R in the way. The RSI seemed really strong for a downward move. My TP was quite a ways away as I like to trail my SL based on pullbacks. Would you have taken the trade?
  • #3,647
  • Oct 6, 2020 8:14am Oct 6, 2020 8:14am
Quoting forexjedi1
All Before {image}And after {image}There is obvious resistance to the left, but it seems like there is often some type of S/R in the way. The RSI seemed really strong for a downward move. My TP was quite a ways away as I like to trail my SL based on pullbacks. Would you have taken the trade?
I'm still in my USDCHF short, MTF and RSI bearish still. Channel hasn't crossed above the SMA all day, got a failure and a few kisses and (depending exactly how you draw it) the lower low, lower high market structure is still intact
  • #3,648
  • Oct 6, 2020 4:44pm Oct 6, 2020 4:44pm
Quoting unimak
My Road Map Customisation . {image}
Lots of unnecessary indicators on there.
All you touch and all you see, is all your life will ever be.
  • #3,649
  • Edited 12:52am Oct 7, 2020 12:42am | Edited 12:52am
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Done for the day with 3+% All entries were not acc to the book, but am still suffering of FOMO!! I have done a bit of backtesting (visual) and decided to trade the DAX 2hrs before open!! That is the dark grey area!! I needed only a few points to get my target (2%) for the day , thats why i took the last tradeafter open!! As you can see I had to sweat a bit;but I am studying the DAX for more than a year and intuition said it will touch the 00 round number once more!! Call it gut feeling?? I am not yet sure if i will do it on my real acc to be honest! This was on demo, day 2 of my 20 day test!! Wish all a great day and stay healthy!!
  • #3,650
  • Oct 7, 2020 12:57am Oct 7, 2020 12:57am
Quoting Tensor
It's a quiet day today on this thread. The markets were a little rough today - 2 red trades for me on the channel cross. -11 on USDCAD short {image} -16 on EURUSD long. {image}
Hi Tensor, if you don't mind I have a feedback for your trades. You ignored YH and YL. You should use them as targets or wait for break of these levels and enter. My favorite entry setup around YH/L is break -> test from other side -> hold and I enter Saying this because I had a lot of losses like these.
Good luck
  • #3,651
  • Oct 7, 2020 12:59am Oct 7, 2020 12:59am
When i look at the DAX now, i acknowledge my last trade as luck!!! It closed with 1 point and if it did not hit TP, my profit for the day would have been wiped out!!!
  • #3,652
  • Oct 7, 2020 4:41am Oct 7, 2020 4:41am
Quoting za1jcas
{quote} Hi Tensor, if you don't mind I have a feedback for your trades. You ignored YH and YL. You should use them as targets or wait for break of these levels and enter. My favorite entry setup around YH/L is break -> test from other side -> hold and I enter Saying this because I had a lot of losses like these. Good luck
I understand your explanation. If you get a chance can you post a picture of successful trade?

Thank You
  • #3,653
  • Oct 7, 2020 5:28am Oct 7, 2020 5:28am
Quoting forexjedi1
{quote} I understand your explanation. If you get a chance can you post a picture of successful trade? Thank You
Found couple examples of break/test of YHiLo to show.
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  • #3,654
  • Oct 7, 2020 5:35am Oct 7, 2020 5:35am
Nasdaq UK morning. Scrappy -for me - but a few points eventually.
When I look at it later I will probably find what I could have done better. C'est la vie :-)
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every Saint has a past. Every Sinner has a Future
  • #3,655
  • Oct 7, 2020 5:45am Oct 7, 2020 5:45am
To anyone trading Nasdaq etc Late in US session. I hope you were on the right side of this
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every Saint has a past. Every Sinner has a Future
  • #3,656
  • Oct 7, 2020 5:55am Oct 7, 2020 5:55am
Dow micro swing of the day
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  • #3,657
  • Oct 7, 2020 4:49pm Oct 7, 2020 4:49pm
Hey guys, here are some of todays trades

1) Two oil shorts. Fist one was a simple channel cross confirmed by the break of the ascending TL (not in the pic). I entered the second one as price (and 8 channel) dipped below the 55 channel again and DO.

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2) NAS long - Used M5 to make the entry and managed it on M1. Exited prior the FOMC Meeting Minutes.

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3) USDCAD short that I entered as soon as price broke the recent low. Added once the move sideways was over but then realized that news are due and took off my positions.

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  • #3,658
  • Oct 7, 2020 6:24pm Oct 7, 2020 6:24pm
only two trades today but both profitable for 113 pips. Only one trade was based of the road map with +40. Trade was spotted on the M15 but executed on the M1. My poor brain can barely keep up with the M1 . To the left of the M15 you can see same pattern
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  • #3,659
  • Oct 7, 2020 6:40pm Oct 7, 2020 6:40pm
Quoting ChubbyWookie
only two trades today but both profitable for 113 pips. ~~
Nice.

What's the indi on your charts, top left, with the times?
Good Trading
  • #3,660
  • Oct 8, 2020 12:08am Oct 8, 2020 12:08am
Quoting aud
{quote} Nice. What's the indi on your charts, top left, with the times?
It's tuxTrader's Tools Symbol Changer Plus.

(Download Link)
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