Attachments: Roadmap - A Way To Read Markets

Roadmap - A Way To Read Markets

#4,141
Dec 14, 2020 4:38am Dec 14, 2020 4:38am

L1ghtning
| Joined Sep 2020 | Status: Trader | 151 Posts

Haven't posted in a while as had my head down working away on this.

100 pips today across 2 entries on GBPAUD. First exit was the Daily Open line for 28 pips and then the runner for a further 72.

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#4,142
Dec 14, 2020 7:13am Dec 14, 2020 7:13am

Barraka
Joined Jul 2017 | Status: Trader | 241 Posts

For those that are still wanting to backtest this method, I have shared a variation of the "TrendStrength RSI-MTF" indicator.
This one simply plots the value of the exact value of the RSI-MTF for all previous bars, so much easier when backtesting channel crosses or channel failures.

I remember there were a few demands regarding that at the time, so there you go.

I've created a separate thread to help centralize bugs / questions.
There's the Scalping version as well (M15/H1), and I did some quick visual backtests, it can be pretty neat in some scenarios.

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https://www.forexfactory.com/thread/...3#post13311913

#4,143
Dec 14, 2020 9:56am Dec 14, 2020 9:56am

LauraT
Joined Apr 2020 | Status: Daylight Roadmapper | 1,371 Posts

Quoting Barraka

Disliked

For those that are still wanting to backtest this method, I have shared a variation of the "TrendStrength RSI-MTF" indicator. This one simply plots the value of the exact value of the RSI-MTF for all previous bars, so much easier when backtesting channel crosses or channel failures. I remember there were a few demands regarding that at the time, so there you go. I've created a separate thread to help centralize bugs / questions. There's the Scalping version as well (M15/H1), and I did some quick visual backtests, it can be pretty neat in some scenarios....

Ignored

This is a massive leap forward for anyone wishing to painstakingly back-test their interpretation of how to trade Roadmap. I am eternally grateful!

The fact it can handle both the 'fast' and 'slow' methods makes it even more valuable, for scalpers and swing traders alike. I'm sure every roadmapper will want to grab this indicator

#4,144
Dec 14, 2020 5:00pm Dec 14, 2020 5:00pm

Hooman86
| Joined Sep 2018 | Status: Trader | 129 Posts

EURJPY(Demo) – 14-Dec – Around 6:30 PM CT

Price got support from D/O
Price broke trendline and got support.
Price got support on the Trendline from lowest level
RSI/MTF in agreement
Target - confluence of Yesterday's high and Resistance

Trade hit Tp in less than 30 mins.

Another trade on Radar for now USDCAD (Short) Waiting it to pierce the confluence area resistance + yesterday's Open

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#4,145
Dec 15, 2020 4:22am Dec 15, 2020 4:22am

RachelB
| Joined Nov 2020 | Status: Trader | 25 Posts

Been reading and now bold enough to try-out the system. I appreciate you, Laura , for starting this and mentoring the way you are.

I arrived after channel had broken 200 ema and made a HH. i waited for it to retrace and entered long where arrow is shown. RSI and dashboard all bullish bias. Is this a good entry point or should i have entered earlier? I included the TL after price tried to break black line. it made a HL.

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What am i doing right/wrong? Many thanks

#4,146
Dec 15, 2020 5:20am Dec 15, 2020 5:20am

LauraT
Joined Apr 2020 | Status: Daylight Roadmapper | 1,371 Posts

Quoting RachelB

Disliked

Been reading and now bold enough to try-out the system. I appreciate you, Laura , for starting this and mentoring the way you are. I arrived after channel had broken 200 ema and made a HH. i waited for it to retrace and entered long where arrow is shown. RSI and dashboard all bullish bias. Is this a good entry point or should i have entered earlier? I included the TL after price tried to break black line. it made a HL.{image} What am i doing right/wrong? Many thanks

Ignored

Hi - welcome.

I'm guessing it's EU 5m you were trading.

Although it's technically a valid trade, there are a couple of things that would put me off from entering.

Firstly, notice how I'm able to join the tops with a trendline. That suggests there is a temporary ceiling on price. Secondly, I'm conscious of SMA being rather sideways. If you compare it to earlier angles when price was going up, you'll see that EU now looks to be in a consolidation phase.

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#4,147
Dec 15, 2020 5:39am Dec 15, 2020 5:39am

robysunnen
Joined Jul 2019 | Status: Trader | 246 Posts

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.......grazie LauraT

#4,148
Dec 15, 2020 5:57am Dec 15, 2020 5:57am

RachelB
| Joined Nov 2020 | Status: Trader | 25 Posts

Quoting LauraT

Disliked

{quote} Hi - welcome. I'm guessing it's EU 5m you were trading. Although it's technically a valid trade, there are a couple of things that would put me off from entering. Firstly, notice how I'm able to join the tops with a trendline. That suggests there is a temporary ceiling on price. Secondly, I'm conscious of SMA being rather sideways. If you compare it to earlier angles when price was going up, you'll see that EU now looks to be in a consolidation phase. {image}

Ignored

Thanks Laura for your prompt insightful response. I'll pay attention to those moving forward. I did notice the sideways sma but ignored it. I guess excited to try system

#4,149
Dec 16, 2020 2:18am Dec 16, 2020 2:18am

lebollix
| Joined Oct 2020 | Status: Trader | 15 Posts

Hey Folks,

Still trading the Roadmap way - due to lockdown I'll have a lot more screen time, so hopefully that will be to my benefit. I'm on a different computer then normal and was wondering if anyone had the dark themed Roadmap template for MT4? I had gotten it off this thread but can't seem to find it anymore. Much appreciated if anyone can help!

Cheers

#4,150
Dec 16, 2020 3:16am Dec 16, 2020 3:16am

turnip15
Joined Sep 2006 | Status: Trader | 10,704 Posts

Dax on one of its' better mornings. Longs paid off ( from circled candle after 8am)
Not shown are two failed shorts where I thought price might regress to 20 ma. Good morning overall.

Edit: Forgot to mention I had removed speed lines and consolidation markers (swing high/lows) for clarity.

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every Saint has a past. Every Sinner has a Future

#4,151
Dec 16, 2020 3:29am Dec 16, 2020 3:29am

Nick24
| Joined May 2020 | Status: Trader | 50 Posts

Hi all, I am taking a break for the month of December from screen time, so I can rest my eyes and get ready for the New Year. I trade only once per day around LO for a micro swing, Even so, around LO and NYO confluence of events happen most of the time, and trade setups appear on the Roadmap.

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#4,152
Dec 16, 2020 5:50am Dec 16, 2020 5:50am

LauraT
Joined Apr 2020 | Status: Daylight Roadmapper | 1,371 Posts

Quoting lebollix

Disliked

Hey Folks, Still trading the Roadmap way - due to lockdown I'll have a lot more screen time, so hopefully that will be to my benefit. I'm on a different computer then normal and was wondering if anyone had the dark themed Roadmap template for MT4? I had gotten it off this thread but can't seem to find it anymore. Much appreciated if anyone can help! Cheers

Ignored

https://www.forexfactory.com/thread/...8#post13207138

Should be available there

#4,153
Dec 16, 2020 6:52am Dec 16, 2020 6:52am

lebollix
| Joined Oct 2020 | Status: Trader | 15 Posts

Thanks Laura, just what I needed, much easier on the eyes! Trade from this morning. Got in a bit later then I would have liked but decent profit at the end. Took partial profits just after the previous high. Was considering taking a short position after the price crossed the SMA again but that large spike scared me away, should have entered afterward as it's gone right back and past the opening line which I've seen it do before:

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#4,154
Dec 16, 2020 8:51am Dec 16, 2020 8:51am

robysunnen
Joined Jul 2019 | Status: Trader | 246 Posts

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ancora grazie x il tuo metodo....LauraT

#4,155
Dec 16, 2020 9:38am Dec 16, 2020 9:38am

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

Quoting Nick24

Disliked

Hi all, I am taking a break for the month of December from screen time, so I can rest my eyes and get ready for the New Year. I trade only once per day around LO for a micro swing, Even so, around LO and NYO confluence of events happen most of the time, and trade setups appear on the Roadmap.{image}

Ignored

Find your niche, stick to it religiously and work it hard and efficiently and you will have all the success you seek.

#4,156
Dec 16, 2020 1:12pm Dec 16, 2020 1:12pm

sr2
| Joined Oct 2007 | Status: Trader | 120 Posts

Quoting Nick24

Disliked

Hi all, I am taking a break for the month of December from screen time, so I can rest my eyes and get ready for the New Year. I trade only once per day around LO for a micro swing, Even so, around LO and NYO confluence of events happen most of the time, and trade setups appear on the Roadmap.{image}

Ignored

Nice!

#4,157
Dec 16, 2020 2:26pm Dec 16, 2020 2:26pm

Nick24
| Joined May 2020 | Status: Trader | 50 Posts

Quoting lemercenaire

Disliked

{quote} Find your niche, stick to it religiously and work it hard and efficiently and you will have all the success you seek.

Ignored

Thank you Lemercenaire, you speak the truth,all of it's essence in one sentence, I will eat a whole cookie to that so the fortune comes true, while I am still young, lol