Roadmap - A Way To Read Markets | Page 224 | Forex Factory

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Roadmap - A Way To Read Markets

  • #4,461
  • Apr 11, 2021 3:17am Apr 11, 2021 3:17am
Quoting ChubbyWookie
{quote} Be weary When the 200SMA runs through the middle like that. Looks ranging {image}
Best not to trade when you are weary.
All you touch and all you see, is all your life will ever be.
  • #4,462
  • Apr 11, 2021 3:19am Apr 11, 2021 3:19am
Quoting calvez
{quote} Your chart is very clean and nice. What are.those boxes? Can you share the template? I really like it, good work. Best, L.
I imagine they are time zones.
All you touch and all you see, is all your life will ever be.
  • #4,463
  • Apr 12, 2021 5:17am Apr 12, 2021 5:17am
Quoting Loftboy
{quote} I imagine they are time zones.
They are trading sessions (Londen, NY, etc.)
If I code, I can't trade...
  • #4,464
  • Apr 12, 2021 6:53am Apr 12, 2021 6:53am
watching this one for cross / failure

Attached Image (click to enlarge)
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Plan, Prepare, Execute, Repeat
  • #4,465
  • Apr 12, 2021 8:06am Apr 12, 2021 8:06am
Hi Laura and all,

This is my first post in this forum. Its amazing stuff all you have got here. Im reading up to page 50 now, still got a lot to learn.

Please comment on the trade in the attached. Welcome any feedback.

Also, I was wondering are we looking for any PA before entering a trade?

Regards,
Ches
Attached Image (click to enlarge)
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  • #4,466
  • Apr 12, 2021 9:14am Apr 12, 2021 9:14am
Quoting Chesss92
Hi Laura and all, This is my first post in this forum. Its amazing stuff all you have got here. Im reading up to page 50 now, still got a lot to learn. Please comment on the trade in the attached. Welcome any feedback. Also, I was wondering are we looking for any PA before entering a trade? Regards, Ches {image}
Even if your entry is off the support line, you're fairly late into the London session and your entry is not a break-out entry of any sort. In that situation I would wait till the RSI2/9 is closer to or over 60. Also, the last active candle shows price action going south, meaning that your entry is against momentum. Wait for an up-candle with RSI value a bit higher...
If I code, I can't trade...
  • #4,467
  • Apr 12, 2021 9:30am Apr 12, 2021 9:30am
Quoting Cognoscio
{quote} Even if your entry is off the support line, you're fairly late into the London session and your entry is not a break-out entry of any sort. In that situation I would wait till the RSI2/9 is closer to or over 60. Also, the last active candle shows price action going south, meaning that your entry is against momentum. Wait for an up-candle with RSI value a bit higher...
duly noted. Thanks for your kind comment.
  • #4,468
  • Apr 12, 2021 9:42am Apr 12, 2021 9:42am
Quoting Chesss92
Hi Laura and all, This is my first post in this forum. Its amazing stuff all you have got here. Im reading up to page 50 now, still got a lot to learn. Please comment on the trade in the attached. Welcome any feedback. Also, I was wondering are we looking for any PA before entering a trade? Regards, Ches {image}
To me NZD/USD is range/wedging. And nobody likes a wedgie . I find the road map rules work best when applied in trending conditions. Also RSI is right on 50. I use a preferred of 60+ for longs and 40- for shorts for non aggressive entries.

No road map entries for me today as several pairs seem to be ranging
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Quoting swingtrade65
watching this one for cross / failure {image}
Similar with AU. Lets see how it plays out with those 3 hits failing to stay above the 200SMA
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  • #4,469
  • Apr 12, 2021 9:59am Apr 12, 2021 9:59am
Quoting ChubbyWookie
{quote} To me NZD/USD is range/wedging. And nobody likes a wedgie . I find the road map rules work best when applied in trending conditions. Also RSI is right on 50. I use a preferred of 60+ for longs and 40- for shorts for non aggressive entries. No road map entries for me today as several pairs seem to be ranging {image} {quote} Similar with AU. Lets see how it plays out with those 3 hits failing to stay above the 200SMA {image}
I guess I have to look on bigger picture harder next time
  • #4,470
  • Apr 12, 2021 10:24am Apr 12, 2021 10:24am
Quoting ChubbyWookie
No road map entries for me today as several pairs seem to be ranging
Wise decision, I should have done the same. Harvesting merely 23 pips with 9 trades, using only a fraction of the normal lot sizes, is nothing to write home about. Too much aggravation for the return...
If I code, I can't trade...
  • #4,471
  • Apr 12, 2021 4:26pm Apr 12, 2021 4:26pm
Good evening Laura and everyone

Can someone assist with coding the indicators here so that they work on MT5? I got a local broker that only uses mt5 and I am a Roadmapper but now am stuck. please assist.

Regards
  • #4,472
  • Apr 12, 2021 5:19pm Apr 12, 2021 5:19pm
Quoting Ndabezinhle
Good evening Laura and everyone Can someone assist with coding the indicators here so that they work on MT5? I got a local broker that only uses mt5 and I am a Roadmapper but now am stuck. please assist. Regards
Why not wait for a trade on an MT4 chart and then take the trade with your Broker's MT5?
All you touch and all you see, is all your life will ever be.
  • #4,473
  • Apr 13, 2021 3:30am Apr 13, 2021 3:30am
Quoting Ndabezinhle
Good evening Laura and everyone Can someone assist with coding the indicators here so that they work on MT5? I got a local broker that only uses mt5 and I am a Roadmapper but now am stuck. please assist. Regards
I think, as Loftboy suggests, your options might be limited to using a demo MT4 for the indicators and your new MT5 broker for trade execution. As far as I know, the relevant indicators haven't been coded for MT5.
  • #4,474
  • Apr 13, 2021 7:25am Apr 13, 2021 7:25am
Hi Laura T

Is there somewhere where there is a busier thread or something about the roadmap?
Seems to be a great help if you can see more setups and outcomes by people who are proficient with the method.

Thanks !
Plan, Prepare, Execute, Repeat
  • #4,475
  • Apr 13, 2021 8:20am Apr 13, 2021 8:20am
Quoting swingtrade65
Hi Laura T Is there somewhere where there is a busier thread or something about the roadmap? Seems to be a great help if you can see more setups and outcomes by people who are proficient with the method. Thanks !
Hi SwingTrade65,

one of our members (Hooman86) took the effort to collect and offer all charts annotated by LauraT (110 of them) as a single download: https://www.forexfactory.com/thread/...6#post13226346
This might be a good place to start...

cheers
Cognoscio
If I code, I can't trade...
  • #4,476
  • Apr 13, 2021 2:52pm Apr 13, 2021 2:52pm
Quoting Cognoscio
{quote} Hi SwingTrade65, one of our members (Hooman86) took the effort to collect and offer all charts annotated by LauraT (110 of them) as a single download: https://www.forexfactory.com/thread/...6#post13226346 This might be a good place to start... cheers Cognoscio
Thanks !
Plan, Prepare, Execute, Repeat
  • #4,477
  • Apr 14, 2021 1:40pm Apr 14, 2021 1:40pm
Watching to see what happens here.

Attached Image (click to enlarge)
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Plan, Prepare, Execute, Repeat
  • #4,478
  • Apr 14, 2021 2:43pm Apr 14, 2021 2:43pm
Quoting swingtrade65
Hi Laura T Is there somewhere where there is a busier thread or something about the roadmap? Seems to be a great help if you can see more setups and outcomes by people who are proficient with the method. Thanks !
Hi,

I did have a Slack group dedicated to trading Roadmap but it took too much of my time away from trading. The Slack group still exists, so in theory a few of you could join and trade there alongside each other. But it would be without my input I'm afraid.

In terms of this thread, I think we reached a point where most things that needed to be said have been said already, hence it's not as active as it once was. I do still intend to add further sections to my journal when time permits though.
  • #4,479
  • Apr 14, 2021 3:10pm Apr 14, 2021 3:10pm
Likely some of us will pitch in as well to keep this wonderful place alive...
If I code, I can't trade...
  • #4,480
  • Apr 14, 2021 4:05pm Apr 14, 2021 4:05pm
Further to above, the Slack group is still operational but inactive. If a few of you want to meet there to discuss Roadmap trades, you are very welcome to. Just to stress again though, I won't be offering mentoring there. Best I can offer is that I'll pop in from time to time and catch up with your posts. Safer to assume that I won't be around most of the time.

This invite will expire 30 days from now. I will add a new one next month if people need it.

https://join.slack.com/t/roadmapnetw...DKj_sF9AB9BmaQ
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