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  • #4,081
  • Dec 3, 2020 4:47am Dec 3, 2020 4:47am
[quote=scsstnt;13293894]{quote} Hello Saha and everyone,regards and much respect to Laura,

This is a question for Roadmappers--There seems to be a problem as no discussion here or in other places f Roadmap--anyone got any ideas why not?

Also sent a PM to Laura and no answer as yet--Hhhhmmm Most unusual
  • #4,082
  • Dec 3, 2020 5:07am Dec 3, 2020 5:07am
Quoting btrfx1
This is a question for Roadmappers--There seems to be a problem as no discussion here or in other places f Roadmap--anyone got any ideas why not? Also sent a PM to Laura and no answer as yet--Hhhhmmm Most unusual
Just a technical issue - all is well now
  • #4,083
  • Dec 3, 2020 7:24am Dec 3, 2020 7:24am
With some expert advice, I decided to pay more attention to support/resistance/levels using a popular S/R indicator. Here is how it went today:

Was this a bad entry?
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Just got caught to SL on NZDUSD
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Same here on USDCAD - hit the SL and went back
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any experts comments on these two?
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And finally here is the one I got it right! but was too scared to let it run to ADR
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Any comments highly appreciated!
  • #4,084
  • Dec 3, 2020 10:11am Dec 3, 2020 10:11am
Haven't been trading much due to holidays but i couldn't resist
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  • #4,085
  • Dec 3, 2020 11:03am Dec 3, 2020 11:03am
Quoting saha007
With some expert advice, I decided to pay more attention to support/resistance/levels using a popular S/R indicator. Here is how it went today: Was this a bad entry? {image} Just got caught to SL on NZDUSD{image} Same here on USDCAD - hit the SL and went back{image} any experts comments on these two? {image} {image} And finally here is the one I got it right! but was too scared to let it run to ADR {image} Any comments highly appreciated!
Hi Saha,

Out of curiosity, what indi are you using for your s&d levels?
About your trades: I think you need to take general market structure into account when you see a potential setup. Also, it seems strange because you have this indi showing you possible support & resistance (not idea how valid & reliable it is, but that's not the point), and on some trades you straight on buy into resistance, or sell into support?

CHFJPY - After a pretty steep decline, you decide to enter just at previous top. Given the length of the swing up, this was a pretty obvious obstacle for price to overcome.
NZDUSD - YH was very close to your entry point, and your entry was quite far from baseline. To me, that doesn't provide a good R:R opportunity.
USDCAD - Again you got in just at previous day's low. Price had already made a decent swing / leg after the bounce off sma, channel was far from baseline & 55: better to wait for the next pullback, which in this case would have kept you out of a short since there was a channel cross.
USDCHF - Entry looks better than the rest: Price pulled back at first vs previous swing high, then continued up. Just strange that you enter where there's a resistance level identified...
AUDJPY - To me that entry seems a bit far from baseline, after making a 20pips up leg, and price starting to consolidate...

My general advice would be, it's better if you wait for a pullback to happen, and as momentum starts gathering again (in the direction of the trend), you get a better entry level. In other words, you wait for the channel to "bounce" near the baseline level, then enter. The earlier you enter when the channel starts pointing in the right direction, the better.
  • #4,086
  • Dec 3, 2020 12:03pm Dec 3, 2020 12:03pm
Quoting Barraka
{quote} Hi Saha, Out of curiosity, what indi are you using for your s&d levels? About your trades: I think you need to take general market structure into account when you see a potential setup. Also, it seems strange because you have this indi showing you possible support & resistance (not idea how valid & reliable it is, but that's not the point), and on some trades you straight on buy into resistance, or sell into support? CHFJPY - After a pretty steep decline, you decide to enter just at previous top. Given the length of the swing up, this was...
Hi Barraka, Thanks reply. Its an indicator called "shved supply and demand" just google you can find it. But what you see after the trade is not what was there when I entered the market. For instance when I entered CHFJPY, there was no support indication from the indicator and price had broken previous high. Do you normally wait till previous high/low is broken to enter the market?
  • #4,087
  • Dec 3, 2020 1:00pm Dec 3, 2020 1:00pm
Quoting saha007
{quote} Hi Barraka, Thanks reply. Its an indicator called "shved supply and demand" just google you can find it. But what you see after the trade is not what was there when I entered the market. For instance when I entered CHFJPY, there was no support indication from the indicator and price had broken previous high. Do you normally wait till previous high/low is broken to enter the market?
Ah ok, I thought the levels were already showing as you entered the trade. Still, the examples you show are (to me) pretty obvious of when not to enter. At least, not at that particular time. Taking CHFJPY again, your long trade: look at the impulsive move up, and how far price had travelled from the swing low (which was below the baseline) before you decided to enter long. That move screams "over-extended", it was evident that some kind of correction was to follow. It could have been just to the baseline for example, you never know, but if you had waited for a pullback, you would have realized that there was no follow-up bull move and not gotten in a trade.

I don't normally wait for previous h/l to be broken, it's not a rule per se as it really depends on the context. But, I do take previous day's h/l as areas of interest & possible obstacles. If price has already travelled quite a bit and is now reaching such a level, I always wait for some kind of reaction.

And when I talk about waiting for pullbacks, here's a basic example, where price had already broken previous day's high (dotted line), then pulled back, then broke the retracement TL with the channel starting to angle up again. I highlighted the area which I find offers a better R:R. A rule of thumb that I like to see, is for channel to dip back under the 55 ema. Not necessarily completely, but it gives some indication that there's been some kind of pullback at least.

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  • #4,088
  • Dec 4, 2020 6:44am Dec 4, 2020 6:44am
Lots of RED news about this afternoon. Take care.
every Saint has a past. Every Sinner has a Future
  • #4,089
  • Dec 5, 2020 4:50pm Dec 5, 2020 4:50pm
Quoting saha007
With some expert advice, I decided to pay more attention to support/resistance/levels using a popular S/R indicator. Here is how it went today: Was this a bad entry? {image} Just got caught to SL on NZDUSD{image} Same here on USDCAD - hit the SL and went back{image} any experts comments on these two? {image} {image} And finally here is the one I got it right! but was too scared to let it run to ADR {image} Any comments highly appreciated!
Sorry, I can not fully understand your charts. Can you mark out the entry/stop and provide what you thought when you open the trade.

It seems you focus on support resistant without following channel cross MA200.

There were red news for both CAD and USD. NZDUSD and USDCAD were violent.
  • #4,090
  • Dec 6, 2020 2:38am Dec 6, 2020 2:38am
hi sorry, can someone explain to me when the ADR becomes 'locked' and what's the difference between locked adr and projected adr
  • #4,091
  • Dec 6, 2020 3:06am Dec 6, 2020 3:06am
Quoting NateBeruk
hi sorry, can someone explain to me when the ADR becomes 'locked' and what's the difference between locked adr and projected adr
ADR becomes locked when the daily high minus daily low are equal to the daily ADR. This is the code I use in my tradingview script:

if ( low < dayLow )
dayLow := low
if ( high > dayHigh)
dayHigh := high

if ( dayHigh - dayLow ) >= dayadr
adrLocked := true

Basically this is storing today's low and high value, if the low goes lower to re-sets it to this value. If adrLocked == true then the line changes from dahsed to solid.
A fool and his money are easily parted
  • #4,092
  • Dec 6, 2020 3:27am Dec 6, 2020 3:27am
Quoting MozzChops
{quote} ADR becomes locked when the daily high minus daily low are equal to the daily ADR. This is the code I use in my tradingview script: if ( low < dayLow ) dayLow := low if ( high > dayHigh) dayHigh := high if ( dayHigh - dayLow ) >= dayadr adrLocked := true Basically this is storing today's low and high value, if the low goes lower to re-sets it to this value. If adrLocked == true then the line changes from dahsed to solid.
I think you kind of over egged the pudding with your answer correct as it may be.

Simply, locked ADR is when the average daily range has been made. Projected ADR is when it is still the average of the period you have chosen as price has not made that distance at that point.
  • #4,093
  • Dec 6, 2020 3:51am Dec 6, 2020 3:51am
Quoting lemercenaire
{quote} I think you kind of over egged the pudding with your answer correct as it may be.
True. Too technical, so here is a quick video showing it in action

Attached File(s)
File Type: mp4 adr.mp4   1.8 MB | 459 downloads
A fool and his money are easily parted
  • #4,094
  • Dec 7, 2020 5:28am Dec 7, 2020 5:28am
USDJPY - 6th Dec (8:30 PM CT) - DEMO - S/L Hit

Took a trade last night on USDJPY. Target was the the next resistance before the ADR line and the yesterday's low.

My reasons for entry

  1. Price Under SMA. Channel crossed SMA also.
  2. MTF/RSI agreement.
  3. T/L break.


Could have exited the trade at

1. When the price broke T/L
2. When broke the previous High of the structure.

Any thoughts and comments are welcome

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  • #4,095
  • Dec 7, 2020 8:14am Dec 7, 2020 8:14am
Quoting Hooman86
USDJPY - 6th Dec (8:30 PM CT) - DEMO - S/L Hit Took a trade last night on USDJPY. Target was the the next resistance before the ADR line and the yesterday's low. My reasons for entry Price Under SMA. Channel crossed SMA also. MTF/RSI agreement. T/L break. Could have exited the trade at 1. When the price broke T/L 2. When broke the previous High of the structure. Any thoughts and comments are welcome {image} {image}
I think your entry was a bit late.
  • #4,096
  • Dec 7, 2020 8:22am Dec 7, 2020 8:22am
Quoting dbsdsun
{quote} I think your entry was a bit late.
I was waiting for it to retrace where would have been an appropriate entry based on your analysis.
  • #4,097
  • Dec 7, 2020 1:19pm Dec 7, 2020 1:19pm
Quoting Hooman86
USDJPY - 6th Dec (8:30 PM CT) - DEMO - S/L Hit Took a trade last night on USDJPY. Target was the the next resistance before the ADR line and the yesterday's low. My reasons for entry Price Under SMA. Channel crossed SMA also. MTF/RSI agreement. T/L break. Could have exited the trade at 1. When the price broke T/L 2. When broke the previous High of the structure. Any thoughts and comments are welcome {image} {image}
If you use MA55 channel, your exit can be better?
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  • #4,098
  • Dec 7, 2020 4:57pm Dec 7, 2020 4:57pm
Quoting dbsdsun
{quote} If you use MA55 channel, your exit can be better? {image}
Thanks.
  • #4,099
  • Dec 8, 2020 3:51am Dec 8, 2020 3:51am
As per Laura's request, I coded a tool that helps visualize when the 8-Channel is above / below 55-Channel. The indicator is the window below the chart, and obviously when it turns green, it means the 8 is above 55, and red is when it's below.

There is an option "baselineFilter", which when true (default) only shows green when it happens above 200 SMA, and red when it happens below.

And "Alert" (by default off) if you want to be alerted when a change of colour takes place.

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Attached File(s)
File Type: ex4 LauraChannelCross.ex4   10 KB | 778 downloads
  • #4,100
  • Dec 8, 2020 4:00am Dec 8, 2020 4:00am
Quoting Barraka
As per Laura's request, I coded a tool that helps visualize when the 8-Channel is above / below 55-Channel. The indicator is the window below the chart, and obviously when it turns green, it means the 8 is above 55, and red is when it's below. There is an option "baselineFilter", which when true (default) only shows green when it happens above 200 SMA, and red when it happens below. And "Alert" (by default off) if you want to be alerted when a change of colour takes place. {image} {file}
Do we really need a "tool" to help us see this?
All you touch and all you see, is all your life will ever be.
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