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Roadmap - A Way To Read Markets

  • #5,181
  • Aug 16, 2022 7:56am Aug 16, 2022 7:56am
And the Dax with FVG's marked ? ( Idea from ICT Youtube channel)
Hourly low ; 15 minute and 5 minute FVGaps and a messy one minute !
Food for thought for myself ? maybe so.
My research continues.
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every Saint has a past. Every Sinner has a Future
  • #5,182
  • Aug 17, 2022 8:29am Aug 17, 2022 8:29am
Quoting LauraT
{quote} And this makes me a seller. {image}
Not sure what I am doing here ( Demo trading this one) but it looks good
Fair Value gaps etc
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every Saint has a past. Every Sinner has a Future
  • #5,183
  • Aug 17, 2022 8:45am Aug 17, 2022 8:45am
Quoting turnip15
{quote} Not sure what I am doing here ( Demo trading this one) but it looks good Fair Value gaps etc {image}
And the dax UK time
Based on the prior 15 minute chart being Short biased
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every Saint has a past. Every Sinner has a Future
  • #5,184
  • Aug 18, 2022 5:22am Aug 18, 2022 5:22am
Break of previous low followed by break of FVG then up ?

15 minuter and 5 Minute charts
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every Saint has a past. Every Sinner has a Future
  • #5,185
  • Aug 18, 2022 5:50am Aug 18, 2022 5:50am
Dax - breach of 15 minute high followed by return and potential long bias.
Then down to 5 minute and 1 minute chart for executions
An experiment decision making with assisting Roadmap. Ideas borrowed from ICT videos and Flying Dutchman thread.
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every Saint has a past. Every Sinner has a Future
  • #5,186
  • Aug 18, 2022 9:58am Aug 18, 2022 9:58am
Nasdaq pre and post 2.30pm - UK time. Break of nearby highs and lows ?
Couple of other FVGaps not sure about
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every Saint has a past. Every Sinner has a Future
  • #5,187
  • Aug 18, 2022 9:58am Aug 18, 2022 9:58am
Not wishing to pollute this thread I shall desist from posting outside of original Roadmap thesis.
I will continue my ideas on paper print outs for now
Enjoy your trading - back later in the year.
every Saint has a past. Every Sinner has a Future
  • #5,188
  • Aug 23, 2022 5:46pm Aug 23, 2022 5:46pm
Quoting turnip15
Not wishing to pollute this thread I shall desist from posting outside of original Roadmap thesis. I will continue my ideas on paper print outs for now Enjoy your trading - back later in the year.
I have reviewed ICT and never quite understood it. However seeing what you did seems to be very similar to what i do now. Once you see it you cant un see it and it works great inline with the road map. I typically trade on the m5 but when you look at those FVG's on something like a 1 hour and it coincides with the m5 its very powerful. Sometimes everything adds up and I can get in on the m1 for ridiculous R:R. Keep it up
  • #5,189
  • Aug 26, 2022 8:23am Aug 26, 2022 8:23am
The FTSE instead of the Dax at a leisurely 5 minute per bar time scale.
Enjoy your weekend.
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every Saint has a past. Every Sinner has a Future
  • #5,190
  • Aug 26, 2022 10:39am Aug 26, 2022 10:39am
Nasdaq pre and post 2.30pm - UK time. Break of nearby highs and lows?
Couple of other FVGaps not sure about.
Please visit this link for more info: https://www.forexfactory.com/news?& /
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  • #5,191
  • Aug 26, 2022 5:31pm Aug 26, 2022 5:31pm
Quoting Apksnest066
Nasdaq pre and post 2.30pm - UK time. Break of nearby highs and lows? Couple of other FVGaps not sure about. Please visit this link for more info: https://www.forexfactory.com/news?& / {image}
The link you posted has nothing to do with my post which is solely about price action - not news or fundamentals.
every Saint has a past. Every Sinner has a Future
  • #5,192
  • Aug 30, 2022 9:57am Aug 30, 2022 9:57am
EU chart 5 minute. The blue box is a 15 minute level of price action.
From about 8am price shoots up to Previous High and wanders along it. Between 10 and 1130 price forms approximate Highs. 10400 level is where price again bounced off previous high and began to break for a short within the channel. That 1.00400 line was attractive to price since it returned to it again before resuming short.Target was the 1.000 line below. it actually hit the "open" line. But okay for me. In fact I surprised myself with the trade by hanging on.
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every Saint has a past. Every Sinner has a Future
  • #5,193
  • Aug 31, 2022 3:18am Aug 31, 2022 3:18am
Dax one minute short
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every Saint has a past. Every Sinner has a Future
  • #5,194
  • Aug 31, 2022 6:48am Aug 31, 2022 6:48am
Quoting turnip15
Dax one minute short {image} {image}
Hi
I think you get a helping hand from your mate there, very nice shorts.
  • #5,195
  • Sep 1, 2022 3:11pm Sep 1, 2022 3:11pm
Last trades for the week. Only entered the 1st two with TP at 140.00. I went back to bed after the 2nd trade but the 3rd one would of been valid as well.

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Wow look at the ride on USDJPY monthly chart
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  • #5,196
  • Sep 2, 2022 3:49am Sep 2, 2022 3:49am
Quoting ChubbyWookie
Last trades for the week. Only entered the 1st two with TP at 140.00. I went back to bed after the 2nd trade but the 3rd one would of been valid as well. {image} Wow look at the ride on USDJPY monthly chart{image}
Chubbie - what I was looking at today.
Dax okay so far this morning. Trying to fit some new stuff to my normal method albeit these trades were normal method my comments relate to some new ideas like Fair Value gap etc. My head hurts but looking good.
"cats ears" - double top , made an appearance top far right - could be good.
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every Saint has a past. Every Sinner has a Future
  • #5,197
  • Sep 3, 2022 12:49pm Sep 3, 2022 12:49pm
Quoting turnip15
{quote} Chubbie - what I was looking at today. Dax okay so far this morning. Trying to fit some new stuff to my normal method albeit these trades were normal method my comments relate to some new ideas like Fair Value gap etc. My head hurts but looking good. "cats ears" - double top , made an appearance top far right - could be good. {image}
Yes i know what you mean about head hurting. Sometimes it will be clear as day then other times you blink and now you become lost. Its so hard to not over complicate things too. For me i really like using the H1 as an overall daily direction and will trade in line with it. I then wait for price to come back to what i call zone areas on the H1. From that move on when it makes new highs is when i look at smaller zone areas on the m5 as continuation/road map entries. And to Further complicate things i some times enter on the m1 based on the zone areas of the m5. I think you untimely see it based on your markings and comments. What really helped me was staying with the larger time frame. Your long until proven wrong (a new lower low created)

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  • #5,198
  • Sep 3, 2022 2:52pm Sep 3, 2022 2:52pm
Quoting ChubbyWookie
{quote} Yes i know what you mean about head hurting. Sometimes it will be clear as day then other times you blink and now you become lost. Its so hard to not over complicate things too. For me i really like using the H1 as an overall daily direction and will trade in line with it. I then wait for price to come back to what i call zone areas on the H1. From that move on when it makes new highs is when i look at smaller zone areas on the m5 as continuation/road map entries. And to Further complicate things i some times enter on the m1 based on the...
Just got back from a day out and seen your post. Brilliant explanation. Patience, analysis before open, and discipline is king. Roadmap was a great start to being a better trader and with further study I might reduce low probability trades.
every Saint has a past. Every Sinner has a Future
  • #5,199
  • Sep 3, 2022 10:33pm Sep 3, 2022 10:33pm
Quoting ChubbyWookie
{quote} Yes i know what you mean about head hurting. Sometimes it will be clear as day then other times you blink and now you become lost. Its so hard to not over complicate things too. For me i really like using the H1 as an overall daily direction and will trade in line with it. I then wait for price to come back to what i call zone areas on the H1. From that move on when it makes new highs is when i look at smaller zone areas on the m5 as continuation/road map entries. And to Further complicate things i some times enter on the m1 based on the...
Hey ChubbyWookie, I was curious about how exactly decide which bar or part of the bar to enter? It seems to me that maybe you are waiting for price to kind of bounce a little bit off a low and then enter. However, have your considered just buying before the bounce, as price pushes against you? I've marked pwithotential alternative entries in the attachment.

I trade in a similar way to you (albeit on exclusively the one minute timeframe). I used to do the "waiting for it to bounce, and then enter" strategy. However, at some point I realised that there is little information that is gained from waiting for the bounce. Like, even when price is not going to reverse back into the direction of the trend (i.e., the trade is going to fail), it will bounce in a way suggesting it will be a good trade. So, waiting for a bounce doesn't confer an advantage and gives away some additional profit to the market. So, at least for my strategy, I found it helps to just take an educated guess about where the bottom of the pullback will be and enter. Of course, it's very unlikely you will get the exact bottom, but I find it's usually a better entry than waiting for price to appear to resume. If you can buy in at an extreme point, it also gives you more wiggle room to get out at breakeven, rather than a loss, if price stalls at the moving average and clearly is not going continue.
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  • #5,200
  • Sep 4, 2022 1:13am Sep 4, 2022 1:13am
Quoting emergentfeat
{quote} Hey ChubbyWookie, I was curious about how exactly decide which bar or part of the bar to enter? It seems to me that maybe you are waiting for price to kind of bounce a little bit off a low and then enter.
That is correct i like to see a retest (double bottom/Double top) then enter on a bullish candle or bearish for shorts

Quoting emergentfeat
{quote}
However, have your considered just buying before the bounce, as price pushes against you?
Yes indeed i have in the past set a pending order trying to get in close to ground zero as possible. Unfortunately i cant do that any more. The trades i show are simplified versions of what i actually do. Due to the lot sizes i trade i cannot simply place a single trade and get filled. So what i will typically do is after i see the 1st test at a specific area and price is coming back for a second test i will start setting pending orders to progressively fill me in. Again to keep it simple i may risk 2%/setup. However i have to break that trade into 3-5 entries. In this case i used 5 due to 139.00 being just below. I was ready for price to potentially tap through 139.00 before going back long. So starting with the 1st entry was 5% (of my total 2%risk), 2nd entry 15%, 3rd entry 30%, 4th entry 30%, 5th entry 20%. Unfortunatly in this caseprice did not come down and fill all my orders. The percentage i use all depends on what probability i feel those areas will be hit. More often i place higher percentages on the entries closer to ground zero

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Quoting emergentfeat
{quote}
I've marked pwithotential alternative entries in the attachment. I trade in a similar way to you (albeit on exclusively the one minute timeframe). I used to do the "waiting for it to bounce, and then enter" strategy. However, at some point I realised that there is little information that is gained from waiting for the bounce. Like, even when price is not going to reverse back into the direction of the trend (i.e., the trade is going to fail), it will bounce in a way suggesting it will be a good trade. So, waiting for a bounce doesn't confer...
I would disagree to an extent. Going through many years of backtesting i have a higher probability of a successful trade if i wait for a confirmation candle. But there is multiple sides to this. if im at a 75% winrate waiting for confirmation but only getting a 2:1 RR. And your 60% winrate and getting 3:1 RR. You would have more money if we risk the same amount. But due to my higher win rate i may be able to risk a higher % and come out ahead. And going a step further if you have a 60% win rate, 30% break even and 10% loss. Meanwhile i have the 75% win rate with a 2% break even and 23% loss who comes out ahead??? Its a deep dark rabbit hole fore sure

Quoting emergentfeat
{quote}
So, at least for my strategy, I found it helps to just take an educated guess about where the bottom of the pullback will be and enter. Of course, it's very unlikely you will get the exact bottom, but I find it's usually a better entry than waiting for price to appear to resume. If you can buy in at an extreme point, it also gives you more wiggle room to get out at breakeven, rather than a loss, if price stalls at the moving average and clearly is not going continue. {image}
Absolutely it all depends on your strategy and what your comfortable with
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