Hi LauraT
Do you prefer currency pairs to M5 and more?
Do you prefer currency pairs to M5 and more?
Roadmap - A Way To Read Markets
- #4,042
- Nov 18, 2020 12:49pm Nov 18, 2020 12:49pm
Hi Guys,
Just wanted to chip back in here, was a bit busy with life. Still trading away when I get the chance, due to work it's only Frankfurt/London open and then later in the evening. I only trade Laura's roadmap and I've focused solely on the DAX and DOW for the past month, I really like how they move. Obviously I wish I could trade more, because I can see some of the moves throughout the day I could have been involved in, but what can you do! Work was wrapping up this evening so I was looking for a rare opportunity to trade outside my normal hours, I planned to get into the below trade at the SMA cross, but got distracted so the entry is later than I would have liked. Then as I was settling in to manage the trade for the next while I had to leave the office, so I set my target just short of the opening line and left it to do it's thing. Got home, checked the trade and I had hit my profit and it looks like there would have been more on the table as well, but happy with my lot. This is my 4th consecutive profitable month (so far!) of trading the Roadmap. Still making mistakes here and there, but really love the logic behind the system.
Just wanted to chip back in here, was a bit busy with life. Still trading away when I get the chance, due to work it's only Frankfurt/London open and then later in the evening. I only trade Laura's roadmap and I've focused solely on the DAX and DOW for the past month, I really like how they move. Obviously I wish I could trade more, because I can see some of the moves throughout the day I could have been involved in, but what can you do! Work was wrapping up this evening so I was looking for a rare opportunity to trade outside my normal hours, I planned to get into the below trade at the SMA cross, but got distracted so the entry is later than I would have liked. Then as I was settling in to manage the trade for the next while I had to leave the office, so I set my target just short of the opening line and left it to do it's thing. Got home, checked the trade and I had hit my profit and it looks like there would have been more on the table as well, but happy with my lot. This is my 4th consecutive profitable month (so far!) of trading the Roadmap. Still making mistakes here and there, but really love the logic behind the system.
- #4,044
- Nov 19, 2020 3:49am Nov 19, 2020 3:49am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #4,045
- Nov 19, 2020 4:04am Nov 19, 2020 4:04am
- Joined Apr 2020 | Status: Daylight Roadmapper | 1,371 Posts
- #4,046
- Nov 19, 2020 4:17am Nov 19, 2020 4:17am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #4,049
- Nov 19, 2020 9:20am Nov 19, 2020 9:20am
- | Joined Jun 2012 | Status: Some Guy, aka Pelt | 143 Posts
Just got finished reading the entire thread, all 102 pages(I have # of posts at max value).
A few trades I took overnight.
EU Channel Failure(-35 pips). I don't think I did anything wrong here on entry? It seems like just one of those trades. HL structure was still in place, obvious uptrend. Only possibility may be the print of a LH which is shown on the chart. I took a terrible exit on this one for some reason. -35 pips.
AU Channel Trade(+25 pips).
EU Channel Trade(+13 pips). Overnight I set a target on this one of 80% of the ADR from the current day high as we had already exceeded the prior day's low. Missed by 1 pip
Closed it manually later after second failure of that target.
UCAD Channel Trade(+25 pips).
A few trades I took overnight.
EU Channel Failure(-35 pips). I don't think I did anything wrong here on entry? It seems like just one of those trades. HL structure was still in place, obvious uptrend. Only possibility may be the print of a LH which is shown on the chart. I took a terrible exit on this one for some reason. -35 pips.
AU Channel Trade(+25 pips).
EU Channel Trade(+13 pips). Overnight I set a target on this one of 80% of the ADR from the current day high as we had already exceeded the prior day's low. Missed by 1 pip
Closed it manually later after second failure of that target. UCAD Channel Trade(+25 pips).
- #4,051
- Nov 19, 2020 9:40am Nov 19, 2020 9:40am
- Joined Apr 2020 | Status: Daylight Roadmapper | 1,371 Posts
Just got finished reading the entire thread, all 102 pages(I have # of posts at max value). A few trades I took overnight. EU Channel Failure(-35 pips). I don't think I did anything wrong here on entry? It seems like just one of those trades. HL structure was still in place, obvious uptrend. Only possibility may be the print of a LH which is shown on the chart. I took a terrible exit on this one for some reason. -35 pips. {image} AU Channel Trade(+25 pips). {image} EU Channel Trade(+13 pips). Overnight I set a target on this one of 80% of the ADR...
some nice trades!On your losing one, the use of a retracement line would probably have kept you out of a long there. And, as you say, the lower high was a warning that structure was changing (either to the downside or into a compression zone).
- #4,054
- Nov 22, 2020 8:51am Nov 22, 2020 8:51am
- Joined Apr 2020 | Status: Daylight Roadmapper | 1,371 Posts
- #4,057
- Nov 24, 2020 1:51am Nov 24, 2020 1:51am
- Joined Apr 2020 | Status: Daylight Roadmapper | 1,371 Posts
entered short on USDCAD 200ma cross. hit the take profit just above the resistance level. I find myself always taking these short term trades... not sure if its healthy tho {image}
We all have different preferred styles of trading. Some, including me, prefer to go for the big runs. Others prefer to take small amounts of profit regularly. Ultimately both are fine, as long as the Profit Factor is positive
- #4,058
- Nov 24, 2020 2:11am Nov 24, 2020 2:11am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #4,059
- Nov 24, 2020 4:21am Nov 24, 2020 4:21am
- Joined Apr 2020 | Status: Daylight Roadmapper | 1,371 Posts
Just a reminder of what's possible on, relatively speaking, higher timeframes.
Instead of my usual 1m (or tick chart) Dow trade, I took an entry on the 5m last night. I was waiting for the trendline to be broken AND for the high to be taken out before I got in.
Got out this morning with 273 points.
Instead of my usual 1m (or tick chart) Dow trade, I took an entry on the 5m last night. I was waiting for the trendline to be broken AND for the high to be taken out before I got in.
Got out this morning with 273 points.
