Roadmap - A Way To Read Markets | Page 249 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Software tools for LauraT's Roadmap 169 replies

Forex Brokerage Roadmap 4 replies

Best way to read all of someone's posts? 3 replies

Simple way to read chart 11 replies

Attachments: Roadmap - A Way To Read Markets
Exit Attachments

Roadmap - A Way To Read Markets

  • #4,961
  • Mar 8, 2022 5:16am Mar 8, 2022 5:16am
I wonder what's happened to Laura, anyone know?
  • #4,962
  • Mar 8, 2022 5:23am Mar 8, 2022 5:23am
Let's hope the invasion of Russia in Ukraine doesn't come to dominate the markets in the weeks ahead, but unfortunately I think it will! I have a couple of trading friends in Ukraine and they've dissappeared off the radar, I can only hope that they're ok
  • #4,963
  • Mar 8, 2022 5:51am Mar 8, 2022 5:51am
Forgive me if I show some errors of my Trading View charts as I've just started to use them after an offer they sent me, so still finding my way around. I still use MT4 for execution as I have for years but thinking now of TV as I believe MetaTrader are Russian based and maybe my broker will move away from them in time. We'll see
  • #4,964
  • Mar 8, 2022 5:56am Mar 8, 2022 5:56am
Here's a pair that got me back into trading after my illness. I used to trade this pair a lot when I traded intraday and it does trend very well on the daily too

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 109 KB
  • #4,965
  • Mar 8, 2022 11:35am Mar 8, 2022 11:35am
This EA pair looks like it could've been a nice single day trade with yesterday's pin bar, and it did bounce off support from way back. But it was against the trend and against my plan, they always look good in hindsight

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 102 KB
  • #4,966
  • Edited 1:16pm Mar 8, 2022 11:47am | Edited 1:16pm
Just check-out Wheat, it's had an explosion north, it may've hit limit-up in the futures, I've not checked

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 93 KB


update: Yes in fact it's been lock-limit up for five days in a row
https://markets.businessinsider.com/...-basket-2022-3
  • #4,967
  • Mar 8, 2022 7:50pm Mar 8, 2022 7:50pm
Quoting rover99x
This EA pair looks like it could've been a nice single day trade with yesterday's pin bar, and it did bounce off support from way back. But it was against the trend and against my plan, they always look good in hindsight {image}
The 8th March gave a nice ride up, with the trend. That pull back half way up will always stop me out, not risking giving that much back!

Today, Asian session at least, the Euro looks flat and they are moving the yen lower.
Good Trading
  • #4,968
  • Mar 10, 2022 2:48am Mar 10, 2022 2:48am
It's a shame this thread has died somewhat

Anyway, here's a WTI chart it dropped back a bit yesterday, let's see if I can get another entry on a close above the channel

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 108 KB
  • #4,969
  • Mar 10, 2022 3:10am Mar 10, 2022 3:10am
Quoting rover99x
It's a shame this thread has died somewhat Anyway, here's a WTI chart it dropped back a bit yesterday, let's see if I can get another entry on a close above the channel {image}
It's not died. It works so there is not much more for us early posters to add. You guys/girls new to this thread will carry on the discussion until you also have no more to say and another group of new people will, maybe, carry on.
every Saint has a past. Every Sinner has a Future
  • #4,970
  • Mar 10, 2022 4:22am Mar 10, 2022 4:22am
Quoting rover99x
I wonder what's happened to Laura, anyone know?
Hi,

I'm still here, albeit much less active.

As turnip says above, there comes a point where people haven't much to add. They've either decided it works for them and are trading it, or they've decided it doesn't work and they've moved on.
  • #4,971
  • Mar 11, 2022 5:51am Mar 11, 2022 5:51am
Quoting LauraT
{quote} Hi, I'm still here, albeit much less active. As turnip says above, there comes a point where people haven't much to add. They've either decided it works for them and are trading it, or they've decided it doesn't work and they've moved on.
Thank you for replying Laura, it's nice to know you still monitor your threads
  • #4,972
  • Mar 12, 2022 2:02am Mar 12, 2022 2:02am
Quoting rover99x
It's a shame this thread has died somewhat Anyway, here's a WTI chart it dropped back a bit yesterday, let's see if I can get another entry on a close above the channel {image}
I still lurk around. but i don't post much. I would rather see others who are succeeding and help the ones having trouble. However I cant help if people don't ask questions and post trades

Since end of February I have been pretty much milking the D1 down trends in EUR/AUD and GBP/AUD. It's like an ATM machine just tossing money out.
  • #4,973
  • Mar 12, 2022 11:46am Mar 12, 2022 11:46am
Quoting ChubbyWookie
{quote} I still lurk around. but i don't post much. I would rather see others who are succeeding and help the ones having trouble. However I cant help if people don't ask questions and post trades Since end of February I have been pretty much milking the D1 down trends in EUR/AUD and GBP/AUD. It's like an ATM machine just tossing money out.
Thanks ChubbyWookie, nice to hear you're doing good in EA and GA, I'm sort of getting in on the ground floor here using daily. Did you pick those two at the start because of fundies or something else?
  • #4,974
  • Mar 12, 2022 12:55pm Mar 12, 2022 12:55pm
Hi there,

I’ve been analysing the Forex markets for years and finally worked hard to put together a strategy, so far in the last 6 weeks, I’ve identified 28 trades that meet my entry criteria and had 27 wins and 1 loss, all trades with a 2:1 RR.

My main problem is that the entry is on a 5 minute chart but I want to make it easier to trade without sitting in front of my screen all day.

Does anybody know of anybody who can analyse my trades and look at ways to improve the strategy,

TIA
Gaz

  • #4,975
  • Mar 12, 2022 1:44pm Mar 12, 2022 1:44pm
would you be so kind and tell me your expectation for next weeks trading?
Or do you post trades in advance / if you start a position or only when finished?
i am on my way to start with fx trading mostly 1h charts sometimes 5m fits me best and i was surprised by the EUR strength this week and the nzd weakness...
for next week i want to long the CAD and the AUD maybe against JPY and or EUR at good levels which i need to identify further down the road.
Greetings!!!
  • #4,976
  • Mar 12, 2022 7:55pm Mar 12, 2022 7:55pm
Quoting rover99x
I wonder what's happened to Laura, anyone know?
She probably feels her work here is done. Her system is super simple and super profitable. What more is there for her to say?
All you touch and all you see, is all your life will ever be.
  • #4,977
  • Edited 11:59pm Mar 12, 2022 11:47pm | Edited 11:59pm
Quoting rover99x
{quote} Thanks ChubbyWookie, nice to hear you're doing good in EA and GA, I'm sort of getting in on the ground floor here using daily. Did you pick those two at the start because of fundies or something else?
I have my conspiracy theories on what moves price. Its interesting to review major events like the Jan 6th capitol riot in the US or the Russian/Ukraine war. Its almost like the market knew what was going to happen

Long story short I was using Fractional disparity and Price action to aid in my selection of pairs. With USDX being strong we can often suspect EUR and GBP to be weak. With AUD also becoming strong we can now suspect EUR/AUD and GBP/USD to be weaker than EUR/USD or GBP/USD. Hence why I stuck with EUR/AUD and GBP/AUD. Keep in mind though i wasn't trading the D1 as much as using it as a guide. When multiple time frames line up with the D1 it can be very powerful. Also note those huge resistance areas being tested in EUR/AUD and GBP/AUD. One more thing. In times of uncertainty people start buying gold and silver which often follows AUD

The vertical green line is just used as a reference. I actually just closed a short in the EUR/USD on the 24th. I was suspecting price would retest the last high and if broken would reverse the trend. However it failed to retest the high and price dropped. Unfortunately I had not noticed the Australian pairs price action till a little bit later

Attached Image (click to enlarge)
Click to Enlarge Name: D1.png Size: 314 KB
  • #4,978
  • Mar 12, 2022 11:54pm Mar 12, 2022 11:54pm
Quoting gazgaz2000
Hi there, I’ve been analysing the Forex markets for years and finally worked hard to put together a strategy, so far in the last 6 weeks, I’ve identified 28 trades that meet my entry criteria and had 27 wins and 1 loss, all trades with a 2:1 RR. My main problem is that the entry is on a 5 minute chart but I want to make it easier to trade without sitting in front of my screen all day. Does anybody know of anybody who can analyse my trades and look at ways to improve the strategy, TIA Gaz
I also like to trade off the 5 minute. By looking at the larger time frames it can help in projecting the longer term trend and target areas which may allow you to walk away. With that being said how long is it taking you on average to get your 2:1?
  • #4,979
  • Mar 13, 2022 12:19am Mar 13, 2022 12:19am
Quoting munger
would you be so kind and tell me your expectation for next weeks trading? Or do you post trades in advance / if you start a position or only when finished? i am on my way to start with fx trading mostly 1h charts sometimes 5m fits me best and i was surprised by the EUR strength this week and the nzd weakness... for next week i want to long the CAD and the AUD maybe against JPY and or EUR at good levels which i need to identify further down the road. Greetings!!!

Not sure who your referring to? However in general i do not feel comfortable posting trades in real time. The last thing we need is someone to do something when not understanding why it was done. It also takes me way to long to post. I must be 2+ hours in these last 3 post. I have a hard time getting out whats in my head into something meaningful. Really shows how much talent Laura has. I to also will try to plan out the week however always keep in mind it can change on a whim. For instance briefly looking at the carts I see AUD/USD is testing a previous low so we might see a retrace back up. However the D1 chart makes me think short(double top, large red engulfing bar). At this I time suspect AUD will come down to 0.72500. But this will all depend on how price handles the current low retest. Will it drop straight away, retrace to 0.7300 or maybe 0.73100. That i don't know until i sit down for the London open (and even then i can be wrong). Often i will evaluate my pairs of interest and a few hours later after the Asian session im doing a complete 180°. Looking at GBP/AUD I would think price to go to at least 1.79500 maybe even 1.8000. But this depends on how price handles 1.7900 and of course what i see after some sleep.

Why do you want to Long CAD and AUD?
  • #4,980
  • Mar 13, 2022 5:26am Mar 13, 2022 5:26am
Quoting ChubbyWookie
{quote} I also like to trade off the 5 minute. By looking at the larger time frames it can help in projecting the longer term trend and target areas which may allow you to walk away. With that being said how long is it taking you on average to get your 2:1?
Looking at the trades, it can range between 15 minutes and 6 hours - one occasion it took 10 hours (based on a 10 pip Stop and 20 pip Target) with the average being 2 hours across all trades noted.
2 traders viewing now