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Roadmap - A Way To Read Markets

  • #4,241
  • Jan 14, 2021 2:46pm Jan 14, 2021 2:46pm
Quoting capm
I hope I will pass the test and graduate as a “not new” member soon (BTW, does anybody know how long it usually takes?)
After about 8 posts, you can post without having to wait to have the post authorised by moderators.
  • #4,242
  • Jan 14, 2021 6:18pm Jan 14, 2021 6:18pm
Placed a trade last night off H1 for longer term. Price came back and tested. I felt my 1st trade was still valid so I added more to the position. If I am willing to risk 2% per day. I will enter with 1% allowing me to enter other trades or add to a position. In this case it gave me a prime opportunity to add in my additional 1%. I tried to use MT4 to place trades but i find it cumbersome. I only use MT4 for the charts. Can anyone recommend a good lot size calculator/trade manger for MT4. I just want to place my Stop, TP, Entry using horizontal lines and it automatically do the rest?

1st Entry was based of the H1 but M15 had a nice entry. Typically i have avoided Asia but it was calling my name!!
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This is the View of H1 on the 1st entry
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2nd Entry off f the M15 chart
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Closed majority at 0.7800
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Next high is on the WEEKLY!!!
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  • #4,243
  • Jan 15, 2021 4:07am Jan 15, 2021 4:07am
Dax UK morning to 10am
Just noticed I missed a long at 9:15am. Otherwise a reasonable morning. Unfortunately not every day sees Dax flying straight up or down or in a long trend.
A normal "chipping away" day perhaps.
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every Saint has a past. Every Sinner has a Future
  • #4,244
  • Jan 15, 2021 4:44am Jan 15, 2021 4:44am
Quoting turnip15
Dax UK morning to 10am Just noticed I missed a long at 9:15am. Otherwise a reasonable morning. Unfortunately not every day sees Dax flying straight up or down or in a long trend. A normal "chipping away" day perhaps. {image}
DAX was pretty (s)crappy this morning.
  • #4,245
  • Jan 15, 2021 6:19am Jan 15, 2021 6:19am
Be aware of several Red News items in the USA this afternoon. Biden speaking etc.
every Saint has a past. Every Sinner has a Future
  • #4,246
  • Jan 15, 2021 7:54pm Jan 15, 2021 7:54pm
Ended up getting the rest of my position stopped out yester day but still made a decent %. Today I took a quick short and looks like i got out a bit early
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  • #4,247
  • Jan 16, 2021 5:27am Jan 16, 2021 5:27am
Quoting Patje
{quote} and that aint bullshit sniper...c'mon man.... dont do like you have all the wisdom in pact....
It was really just a joke
Insanityoing same ting over expecting different results..Einstein
  • #4,248
  • Jan 18, 2021 4:40am Jan 18, 2021 4:40am
Morning Dax was very good following basic Laura rules and 'Look Left' as per usual. Keeping it simple.

Holiday In USA Today folks.
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every Saint has a past. Every Sinner has a Future
  • #4,249
  • Jan 19, 2021 3:49am Jan 19, 2021 3:49am
Dax so this morning. Nice short.

EDIT: Did not mark up At 08:17am that I had a losing short. Hesitated, then got in on a pullback at top of channel.
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every Saint has a past. Every Sinner has a Future
  • #4,250
  • Jan 22, 2021 2:58am Jan 22, 2021 2:58am
Hi all, I have been struggling the whole week trading the DOW, but managed to catch a trade in GU short last night, to save the week.
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  • #4,251
  • Jan 24, 2021 7:01am Jan 24, 2021 7:01am
Updated Journal Post: Trading Reversals

https://www.forexfactory.com/thread/...4#post13374254
  • #4,252
  • Jan 24, 2021 5:54pm Jan 24, 2021 5:54pm
Quoting LauraT
Updated Journal Post: Trading Reversals https://www.forexfactory.com/thread/...4#post13374254
Thanks Laura. I have added this to my template, but the price on my charts very rarely go anywhere near the 70% band. On a side note, it's quite difficult to read black writing on a dark blue background. Much prefer your usual colour scheme.
All you touch and all you see, is all your life will ever be.
  • #4,253
  • Jan 25, 2021 7:39am Jan 25, 2021 7:39am
Quoting LauraT
Updated Journal Post: Trading Reversals https://www.forexfactory.com/thread/...4#post13374254
This setup of fib bands seems to work well on M1 and M5 on DOW, on higher TFs I also use BBands Deviation 3 (works on DOW)
I only trade DOW and occasionally DAX, so I do not know about their utility trading other instruments.
Your threads are of good value, especially to a careful and committed student/s.
Recognizing your work and effort I wish you the very best.
2be
Make sure losses are small and profits are bigger!
  • #4,254
  • Jan 27, 2021 2:43pm Jan 27, 2021 2:43pm
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A few trades today, testing the fibo levels in 1min bars, it is a good addition, helps a lot visually, a HTF like 15 min would give better levels for bigger swings, the angle of the band should be taken into account when looking for a reversal
  • #4,255
  • Jan 27, 2021 5:53pm Jan 27, 2021 5:53pm
Dow was in a giving mood this evening. Took 327 points.

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  • #4,256
  • Jan 28, 2021 5:41am Jan 28, 2021 5:41am
whats the last template ?
  • #4,257
  • Jan 28, 2021 7:25am Jan 28, 2021 7:25am
Quoting LauraT
Dow was in a giving mood this evening. Took 327 points. {image}
I read somewhere that the evening session ( UK time) from 7pm onwards can yield tradeable moves ?
Maybe useful to those working during the UK day who might wish to put in a couple of hours in the evening.
every Saint has a past. Every Sinner has a Future
  • #4,258
  • Jan 28, 2021 8:26am Jan 28, 2021 8:26am
Quoting turnip15
{quote} I read somewhere that the evening session ( UK time) from 7pm onwards can yield tradeable moves ? Maybe useful to those working during the UK day who might wish to put in a couple of hours in the evening.
Usually the last hour is good, sometimes only the last 15 minutes. Yesterday was a different case as FOMC decision was at 7pm UK time.
  • #4,259
  • Feb 1, 2021 1:41pm Feb 1, 2021 1:41pm
Hi, I am just starting to learn the roadmap, for which I'm extremely grateful to Laura, but I stumbled upon something. So the classic Laura's 'TrendStrength - RSI-MTF' is set on the right, then there's Indalico made 'RoadMap Trend Band' at left and then there's 'MTF Dashboard' at upper right. Now, ...maybe i'm stupid or something, but why all SMA200 timeframes on each indicator is different from one another? Aren't they basically doing the same thing? What am I missing?
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