Roadmap - A Way To Read Markets | Page 184 | Forex Factory

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Roadmap - A Way To Read Markets

  • #3,661
  • Oct 8, 2020 9:18am Oct 8, 2020 9:18am
Posted this out of interest but look at how price and Laura's channels interact.
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every Saint has a past. Every Sinner has a Future
  • #3,662
  • Oct 8, 2020 11:18am Oct 8, 2020 11:18am
Quoting turnip15
Posted this out of interest but look at how price and Laura's channels interact. {image}
Yeah the DAX was a dream to trade rade this afternoon!! Unfortunately I was not at home and missed it all!! Luckily there will be a next time!!
Have a nice evening!

trade not rade!!
  • #3,663
  • Oct 8, 2020 11:34am Oct 8, 2020 11:34am
DAX is a dream to trade almost every day.
  • #3,664
  • Oct 8, 2020 2:58pm Oct 8, 2020 2:58pm
In terms of forex, should you only be trading these strategies during open sessions and their respective currencies? or does the timing not matter all that much. Im assuming as a beginner to the roadmap, I should stick to sessions.
  • #3,665
  • Oct 8, 2020 3:33pm Oct 8, 2020 3:33pm
Quoting emmyidk
In terms of forex, should you only be trading these strategies during open sessions and their respective currencies? or does the timing not matter all that much. Im assuming as a beginner to the roadmap, I should stick to sessions.
From my personal experience, major channel crosses tend to happen during the market session of the currency pairs. When countries of both the base and quote currencies are asleep (ex. EURUSD during the Asia session), I noticed price tends to consolidate with minimal volatility and that's when the SMA200 will catch up with price. I personally prefer to trade when the local markets are open since that's when the big moves happen.
  • #3,666
  • Oct 8, 2020 4:46pm Oct 8, 2020 4:46pm
Another 2 trades today. One was based of the Roadmap. In the End closed out at BE on the AUDJPY but ended the day overall at +2% for the day. Opinions always welcome on why you would or would not of taken the trade. Hopefully we can catch some more pips tomorrow.
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  • #3,667
  • Oct 8, 2020 5:48pm Oct 8, 2020 5:48pm
Quoting ChubbyWookie
Another 2 trades today. One was based of the Roadmap. In the End closed out at BE on the AUDJPY but ended the day overall at +2% for the day. Opinions always welcome on why you would or would not of taken the trade. Hopefully we can catch some more pips tomorrow. {image}{image}
In your M1 chart, I would just add that area you marked the slowing down in momentum is possibly due to the fact that the AUD and JPY markets were closing around that time. Major moves and breakouts are generally less likely to happen when the regional markets are closed for the pair. Nice job for ending the day in the green
  • #3,668
  • Oct 8, 2020 8:25pm Oct 8, 2020 8:25pm
Quoting Tensor
{quote} In your M1 chart, I would just add that area you marked the slowing down in momentum is possibly due to the fact that the AUD and JPY markets were closing around that time. Major moves and breakouts are generally less likely to happen when the regional markets are closed for the pair. Nice job for ending the day in the green
Aghhh!!! I would agree. I didn't even think about that. The Asian session would of ended at 8AM on my broker and Sydney and hour or so before. Thanks for the tip!!!
  • #3,669
  • Oct 8, 2020 11:11pm Oct 8, 2020 11:11pm
Quoting ChubbyWookie
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 {image}{image}
ChubbyWookie, What indicator which is shown on the left side of your chart? Can you share it?

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  • #3,670
  • Oct 9, 2020 2:10am Oct 9, 2020 2:10am
Quoting joelloh
{quote} ChubbyWookie, What indicator which is shown on the left side of your chart? Can you share it? {image}
That would be stratman mini charts. May also want to check out Recent Candles indicator or CL_I_03_MultiCharts
  • #3,671
  • Oct 9, 2020 2:17am Oct 9, 2020 2:17am
Quoting joelloh
{quote} ChubbyWookie, What indicator which is shown on the left side of your chart? Can you share it? {image}
Isn't that on the right?
All you touch and all you see, is all your life will ever be.
  • #3,672
  • Oct 9, 2020 2:18am Oct 9, 2020 2:18am
Quoting Loftboy
{quote} Isn't that on the right?
Loftboy, yes, its on the right. Haha.

ChubbyWookie, thanks....
  • #3,673
  • Oct 9, 2020 2:50am Oct 9, 2020 2:50am
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My trades for day 3 of 20day test!! Another 2% day, so I am off to other chores for the day!!!
Wish you alll a grat day and weekend!!!
Laura? We havent seen you all week!!! All fine with you??
  • #3,674
  • Oct 9, 2020 3:49am Oct 9, 2020 3:49am
Quoting Goyatrade
{image}My trades for day 3 of 20day test!! Another 2% day, so I am off to other chores for the day!!! Wish you alll a grat day and weekend!!! Laura? We havent seen you all week!!! All fine with you??
It's ok to trade against dashboard on 1m indices/oil. Much less important than on 5m Forex

Yes, i'm fine thank you. Just been busy with some other projects. Hopefully next week will be quieter!
  • #3,675
  • Oct 9, 2020 4:09am Oct 9, 2020 4:09am
May I upload my RoadMap scanner. This scanner only alert when Ema8 low cross up MA200 or Ema8 high cross down MA200. It can also send out email alert during specified time period to avoid annoying alert when you sleep or work.

This is much simpler than Hans's scanner, although it is based on hans's script.

I also provide Roadmap_signal to mark out crossing points in a chart.

And I provide both source code and running code. Comments please.

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Attached Image
Attached File(s)
File Type: ex4 Roadmap_scanner.ex4   118 KB | 387 downloads
File Type: mq4 Roadmap_scanner.mq4   84 KB | 518 downloads
File Type: ex4 Roadmap_signal.ex4   12 KB | 416 downloads
File Type: mq4 Roadmap_signal.mq4   6 KB | 536 downloads
  • #3,676
  • Oct 9, 2020 4:42am Oct 9, 2020 4:42am
Quoting turnip15
Posted this out of interest but look at how price and Laura's channels interact. {image}
Great example. The issue I have is I don't see these until after the fact! :-(

It may be a case of analysis paralysis!
  • #3,677
  • Oct 9, 2020 4:51am Oct 9, 2020 4:51am
Quoting dbsdsun
May I upload my RoadMap scanner. This scanner only alert when Ema8 low cross up MA200 or Ema8 high cross down MA200. It can also send out email alert during specified time period to avoid annoying alert when you sleep or work. This is much simpler than Hans's scanner, although it is based on hans's script. I also provide Roadmap_signal to mark out crossing points in a chart. And I provide both source code and running code. Comments please. {image}{image} {file} {file} {file} {file}
Thank you for sharing your work

I will give it a try.
  • #3,678
  • Oct 9, 2020 5:41am Oct 9, 2020 5:41am
A question about the ToogleBorders indicator. Cannot seem to make it work. Put a checkmark in the box "Allow modification of Signal settings". Still no go. Any ideas?
Buy low, sell high.
  • #3,679
  • Oct 9, 2020 6:19am Oct 9, 2020 6:19am
Quoting sr2
{quote} Great example. The issue I have is I don't see these until after the fact! :-( It may be a case of analysis paralysis!
that's okay. On first touch draw a line from there to the right and watch price as it comes down to that area. Imagine an entry for now ( paper trade) with a stop loss and observe your win/loss ratio for a while.
every Saint has a past. Every Sinner has a Future
  • #3,680
  • Oct 9, 2020 6:22am Oct 9, 2020 6:22am
Quoting Goyatrade
{image}My trades for day 3 of 20day test!! Another 2% day, so I am off to other chores for the day!!! Wish you alll a grat day and weekend!!! Laura? We havent seen you all week!!! All fine with you??
Yes -Dax likes levels
every Saint has a past. Every Sinner has a Future
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