every Saint has a past. Every Sinner has a Future
Roadmap - A Way To Read Markets
- #4,782
- Edited 9:51am Sep 9, 2021 9:13am | Edited 9:51am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #4,783
- Sep 9, 2021 10:26pm Sep 9, 2021 10:26pm
Hi. I am learning this stratgy and I have a problem.....
My Dash board is not working I think... It's remain same never change when I change the currency pair.
Here is pictures .
and Thanks for the very good stratgy
My Dash board is not working I think... It's remain same never change when I change the currency pair.
Here is pictures .
and Thanks for the very good stratgy
- #4,784
- Sep 10, 2021 2:35am Sep 10, 2021 2:35am
- Joined Apr 2020 | Status: Daylight Roadmapper | 1,371 Posts
Good morning, first of all, excuse me for my bad English, I am Spanish and English is not my strong suit 
I have been in this world for about 6 years, in the search for constancy and profitability, I have gone through many strategies, systems, reading books and although in those 6 years I have never lost all my capital I cannot be profitable, I have some losses controlled, reduced risk (I only lose 0.15% per trade) but still I don't win, I get frustrated and change my strategy every two days
I have been entering the forum for a while, looking at indicators, discussions, the odd strategy and a week ago I found this strategy, it seems simple and useful and I want to fight to be profitable. I don't like asking for help out of shame but I would like you to help me.
Sorry for being so long.
I wanted to leave here two missed operations that I did this morning and see if I did them wrong or not.
One is EURUSD 1M and the other GBPUSD 1M, both had SM200 all red and RSI below 40.
Thank you so much.
I have been in this world for about 6 years, in the search for constancy and profitability, I have gone through many strategies, systems, reading books and although in those 6 years I have never lost all my capital I cannot be profitable, I have some losses controlled, reduced risk (I only lose 0.15% per trade) but still I don't win, I get frustrated and change my strategy every two days
I have been entering the forum for a while, looking at indicators, discussions, the odd strategy and a week ago I found this strategy, it seems simple and useful and I want to fight to be profitable. I don't like asking for help out of shame but I would like you to help me.
Sorry for being so long.
I wanted to leave here two missed operations that I did this morning and see if I did them wrong or not.
One is EURUSD 1M and the other GBPUSD 1M, both had SM200 all red and RSI below 40.
Thank you so much.
- #4,787
- Sep 13, 2021 6:59am Sep 13, 2021 6:59am
- Joined Apr 2020 | Status: Daylight Roadmapper | 1,371 Posts
Good morning, first of all, excuse me for my bad English, I am Spanish and English is not my strong suit
The problem with trading forex on 1m is that there is too much noise. Price will flip from one side of the SMA to the other frequently.
Please try trading on the 5m timeframe and you should have more success.
Feel free to post future trades here and I'll be happy to help.
I made a partial close on the green signal and I closed the entire operation where I opened it. I made money but I am a bit lost with taking profit and stop loss, I have to focus on that. The system itself I love, simple and careful. {image}
Trade looks nice to me. I too struggle with where to take profits, but something to keep in mind with this trade is that the spike to the downside was bang on ADR low. This would have been a perfect target to get out but you did well to take partial there too.
[quote = StrandedBill; 13707926] {quote} Hola, Trade me parece bien. Yo también lucho con dónde obtener ganancias, pero algo a tener en cuenta con esta operación es que el pico a la baja fue muy bajo en ADR. Este habría sido un objetivo perfecto para salir, pero hiciste bien en tomar parte allí también. [/cita]
The adr is not very clear to me, what do you mean by this: "the spike to the downside was bang on ADR low" Could you explain it to me?
[/cita]The adr is not very clear to me, what do you mean by this: "the spike to the downside was bang on ADR low" Could you explain it to me?
[quote = StrandedBill; 13707926] {quote} Hola, Trade me parece bien. Yo también lucho con dónde obtener ganancias, pero algo a tener en cuenta con esta operación es que el pico a la baja fue muy bajo en ADR. Este habría sido un objetivo perfecto para salir, pero hiciste bien en tomar parte allí también.
You will find lots of references to the ADR (Average Daily Range) in this thread. It's a very useful tool used in Laura's roadmap.
The ADR low is calculated by subracting the ADR amount from the high of the day. The ADR high by adding the ADR to the low of the day.
This creates 2 levels. I can see the ADR high level on your chart (at 1.27348) but not the low for some reason.
The levels may change throughout the day as new highs or lows are created. However, if price reaches one of the levels then that level becomes 'locked' and cannot move anymore.
With currencies, these levels are respected a lot. As you read through the thread, you will see Laura trade depending on how price reacts at these levels. Sometimes they are not reached at all, sometimes price bounces off them and sometimes price can break on through.
With your trade above, Price exactly reached ADR low and then bounced off. I'm not sure why I can't see ADR low on your chart.
I hope this makes sense and helps a bit. It will hopefully become clearer as you read through the thread if you haven't already.
- #4,796
- Sep 17, 2021 4:34am Sep 17, 2021 4:34am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #4,798
- Sep 17, 2021 7:16am Sep 17, 2021 7:16am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #4,800
- Sep 20, 2021 4:53am Sep 20, 2021 4:53am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future