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  • #4,201
  • Jan 7, 2021 8:05am Jan 7, 2021 8:05am
Quoting Goyatrade
Me too, but luckily only in the winter!! Lol!! On the other side worth it for a steady 50+ points!! Am gng to give it a try as from monday!! Enjoy your weekend!!
Had a look at Dow and dax before USA open. It does not look so good pre US open ?
other days may be different but if I understand you correctly you are only referring to Pre London open?
every Saint has a past. Every Sinner has a Future
  • #4,202
  • Jan 8, 2021 6:59am Jan 8, 2021 6:59am
Quoting turnip15
{quote} Had a look at Dow and dax before USA open. It does not look so good pre US open ? other days may be different but if I understand you correctly you are only referring to Pre London open?
@goyatrade
Here is a pre London open dax -(6am to 8am) -You might get a few trades of a few points each, which is fine?
I also post a Dax post London open ( 8am)
Laura also mentioned Dow -so I have shown a DOW post London open.
All just for info and thoughts.
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every Saint has a past. Every Sinner has a Future
  • #4,203
  • Jan 8, 2021 7:37am Jan 8, 2021 7:37am
@Turnip,
Sorry i missed your previous post! Yes i am referring to pre LO! Today nothing happened, but the dax is at record high and i think the big players only start working on Monday again! But on the other hand i know nothing about these things, i am guessing!
The movement that i was referring to does not happen everyday! Maybe 3 days a week?? Especially from around one hour before London open! 08h00 in Germany!
I just made a backtest with the eyes when i sort of noticed it, but i do want to have a better look over the weekend!
Thank you for the interest anyway! Wish you a nice rest of the day and weekend!!
  • #4,204
  • Jan 8, 2021 7:42am Jan 8, 2021 7:42am
Quoting Goyatrade
@Turnip, Sorry i missed your previous post! Yes i am referring to pre LO! Today nothing happened, but the dax is at record high and i think the big players only start working on Monday again! But on the other hand i know nothing about these things, i am guessing! The movement that i was referring to does not happen everyday! Maybe 3 days a week?? Especially from around one hour before London open! 08h00 in Germany! I just made a backtest with the eyes when i sort of noticed it, but i do want to have a better look over the weekend! Thank you for...
Three days a week is not to be sniffed at
Have a good weekend.
every Saint has a past. Every Sinner has a Future
  • #4,205
  • Jan 8, 2021 9:55am Jan 8, 2021 9:55am
DOW micro swing, missed the NYO, but caught it a little later.
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  • #4,206
  • Jan 10, 2021 1:29pm Jan 10, 2021 1:29pm
Hi LauraT
Hi have re-read your thread (quite a task!). Really good. How can you say that teaching does not come naturally to you?

I love price action and discretionary analysis, and I can easily relate to what the way you trade. But I am also interested in (potential?partial?) fixed rules based systems (an euphemism for automated systems, if you like), especially to test some aspects of them.
Your methodology, quite similar, as I said, to one of mine, would be particularly challenging and, at least for the more advanced rules, certainly impossible in this respect. You said it yourself: “each trade is different”.
Still, the core of the methodology could reveal interesting traits. In your thread there were some potential steps towards some systematisation, notably Hanover’s brilliant dashboard (although it served a different purpose). But, just to give you an example, I regularly do for various systems the sort of analysis za1cas (post 647 in April) did with yours. It would be nice to have something that helps conducting that kind of research more rapidly and efficiently. This is not to test if your method works (we may have ample evidence of it), but to facilitate testing on different products, different time frames and with different filters.
I hope not to intrude too much in your thread. I still can't use PMs. Perhaps I will start my own thread on the topic (discretionary and rule-base approach) when I will be allowed.
Still, I wonder if you have any view on this.
  • #4,207
  • Jan 11, 2021 3:17am Jan 11, 2021 3:17am
Quoting capm
Hi LauraT Hi have re-read your thread (quite a task!). Really good. How can you say that teaching does not come naturally to you? I love price action and discretionary analysis, and I can easily relate to what the way you trade. But I am also interested in (potential?partial?) fixed rules based systems (an euphemism for automated systems, if you like), especially to test some aspects of them. Your methodology, quite similar, as I said, to one of mine, would be particularly challenging and, at least for the more advanced rules, certainly impossible...
Hi - well done on working through the whole thread again! Quite a task indeed.

One of the difficulties I've had is converting my decision making into explanatory posts. I'm not sure whether this is due to the methodology or due to myself. Probably a bit of both. But, for whatever reason, it's difficult to translate a wide variety of thoughts into a succinct set of rules because there is so much individual judgement applied.

However, I'm certainly comfortable and amenable when it comes to systemization. I suppose, if you isolated and categorized each individual entry type, you would go some way toward achieving this. And it would certainly make for a more user-friendly introduction. I've tried to spread the learning out in my journal but I still wouldn't classify it as totally logical or organised.

I'm not clear what you are seeking though when you say "It would be nice to have something that helps conducting that kind of research more rapidly and efficiently" - perhaps this is the limitation of a discussion within a thread. Are you saying it'd be nice to design a methodology for that analysis? Or are you saying you have the methodology already and you would like some other tools?
  • #4,208
  • Jan 11, 2021 4:18am Jan 11, 2021 4:18am
Perhaps he could start a separate thread to avoid confusion with this thread. He could start a journal to expand his thoughts on your approach to avoid the fate of other threads that become a shattered shadow of their former self. The roadmap is fine as is and with your guidance.
Laura's journal is separate from the roadmap and Hanover had a separate thread, both linking to the Roadmap. Hence capm should start a separate thread linking to the Roadmap. That way confusion and the risk of being lost among discussions of separate subjects in one thread is avoided.
every Saint has a past. Every Sinner has a Future
  • #4,209
  • Jan 11, 2021 4:42am Jan 11, 2021 4:42am
Quoting LauraT
{quote} Hi - well done on working through the whole thread again! Quite a task indeed. One of the difficulties I've had is converting my decision making into explanatory posts. I'm not sure whether this is due to the methodology or due to myself. Probably a bit of both. But, for whatever reason, it's difficult to translate a wide variety of thoughts into a succinct set of rules because there is so much individual judgement applied. However, I'm certainly comfortable and amenable when it comes to systemization. I suppose, if you isolated and categorized...
laura why not use a zoom call and record it on your own and go start to finish talking thru every detail of your system and even with you taking a trade?
i think your own thought process will cone thru ans youe decision making cos your speaking it as tho your talking to someone .

then post the video.on here.

ps..if cant talk to.self...have someone on the call.just to listen and watch you
  • #4,210
  • Jan 11, 2021 4:43am Jan 11, 2021 4:43am
Dax UK morning.
Not a bad session. Lost concentration at one point and thus failed to obey hints given by higher lows. But okay overall. Looking left still seems a good guide to make you look closer at price action at certain levels. To put one on alert is another way of putting it maybe.
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every Saint has a past. Every Sinner has a Future
  • #4,211
  • Jan 11, 2021 5:19am Jan 11, 2021 5:19am
LauraT, thanks for your prompt reply. Converting our thought process into rules is very difficult indeed. It is mostly related to how sophisticated the methodology is. Yours is quite high on this scale. And it is harder the more experienced you are. It may take you a fraction of a second to scan a pattern on a chart, but you may need to write a book to explain what you are seeing. I am sure Roger Federer would have a hard time explaining exactly what it does when he hits a ball (and every shot is slightly different.) Converting this further into something a stupid machine could understand is even harder.

Please be re-assured that I am not suggesting any change in your method or in this thread! I was just reflecting on a different aspect, related loosely to the possibility of “mass testing” the methodology.
I won’t go into too much discussion here in your thread, but I think it would be possible to do a partial job focusing on some basic rules (channel cross and channel failure for example), and (horror!) set a slightly more precise (less sophisticated) rule on trade management than “I get out when I am proven wrong”. This surely will not be enough to do as well as you do, it will certainly be less entertaining and educational than your explanations and it would be a hugely dumbed down version of your method. But it may still be interesting if the purpose were, by automating it, to test it on many markets (possibly uncorrelated) and many time frames. Just being able to test could lead to more ideas. A big advantage (and limitation, of course) would be to reduce the level of discretionary input that is so open to human biases and weaknesses. I’d better stop here, as I am probably going off topic.

Apologies if I was unclear on the last part. I am not seeking anything. I do not have any such tools based on your methodology, nor, at the moment, time to dedicate to it, unfortunately. I have a cranky one based on mine, which is not too distant from yours, but not fit for purpose here. I was just curious to see what were your thoughts on this topic. I hope it is clearer now.
  • #4,212
  • Jan 11, 2021 6:16am Jan 11, 2021 6:16am
Quoting devontrader
{quote} laura why not use a zoom call and record it on your own and go start to finish talking thru every detail of your system and even with you taking a trade? i think your own thought process will cone thru ans youe decision making cos your speaking it as tho your talking to someone . then post the video.on here. ps..if cant talk to.self...have someone on the call.just to listen and watch you
Haha, I'm actually quite introverted, so even just the thought of recording a video fills me with dread. I'll have a think about it but don't hold your breath!
  • #4,213
  • Jan 11, 2021 6:48am Jan 11, 2021 6:48am
Quoting LauraT
{quote} Haha, I'm actually quite introverted, so even just the thought of recording a video fills me with dread. I'll have a think about it but don't hold your breath!
Have a wee dram first.
All you touch and all you see, is all your life will ever be.
  • #4,214
  • Jan 11, 2021 10:58am Jan 11, 2021 10:58am
DAX UK Pm.
Satisfactory results using basic Laura approach, including levels/look left stuff. Keeping it simple - like me.
Edit: Forgot to add : waiting ( patience) is important IMHO of course.
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every Saint has a past. Every Sinner has a Future
  • #4,215
  • Jan 11, 2021 11:03am Jan 11, 2021 11:03am
Quoting turnip15
DAX UK Pm. Satisfactory results using basic Laura approach, including levels/look left stuff. Keeping it simple - like me. Edit: Forgot to add : waiting ( patience) is important IMHO of course. {image}
Turnip, are your horizontal levels hand drawn or a type of pivot indi? Looks pretty neat!!
  • #4,216
  • Jan 11, 2021 11:17am Jan 11, 2021 11:17am
Quoting Goyatrade
{quote} Turnip, are your horizontal levels hand drawn or a type of pivot indi? Looks pretty neat!!
Hand drawn as per Laura 'Look left' Journal. ( before the open)
Tradeview charts on:
https://markets.com
every Saint has a past. Every Sinner has a Future
  • #4,217
  • Jan 11, 2021 12:32pm Jan 11, 2021 12:32pm
Hi all, missed both LO and NYO , but caught a late night short in DOW on a sleepless night
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  • #4,218
  • Jan 11, 2021 12:52pm Jan 11, 2021 12:52pm
Hello everyone
i am happy having discovered the Roadmap thread
Laura fantastic work!!!
I have one problem though, I am using the template <!!!!!!!!!RoadMapv2 double channel> uploaded by laura
but the RSI and mtf dashboard doesnt get updated as the market is open
So am i doing something wrong ? Do i have to download extra indicators?
thanks in advance
  • #4,219
  • Jan 11, 2021 2:16pm Jan 11, 2021 2:16pm
Hi Laura,

I finally decided to join the thread after been following since July, and learning all the details about the strategy.
I decided now after backtesting for almost 3 months to start demo-trading it, and I know it is difficult but I would love to join the slack group if possible.

I feel like I am lacking some mentorship to be able to develop the plan.

I still have so many doubts about it that I plotted on a blocnote and I would love to ask to you.

Thank you so much for showing us/me that trading can be easier than expected.

Hope all of you reading this are safe,

Regards.
  • #4,220
  • Jan 11, 2021 2:55pm Jan 11, 2021 2:55pm
Quoting macuba
Hello everyone i am happy having discovered the Roadmap thread Laura fantastic work!!! I have one problem though, I am using the template <!!!!!!!!!RoadMapv2 double channel> uploaded by laura but the RSI and mtf dashboard doesnt get updated as the market is open So am i doing something wrong ? Do i have to download extra indicators? thanks in advance
I think sometimes things go wrong on MT4 when you try to apply a template from someone else. Assuming you've downloaded the correct indicators, try removing the indicators you are having problems with and re-attaching them.
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