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Roadmap - A Way To Read Markets

  • #5,201
  • Sep 5, 2022 6:12am Sep 5, 2022 6:12am
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...
Another Dax entry.
The 15 minute and 5 minute rectangular boxes ( Pink and Blue) show Fair value gaps plus 5 and Fifteen Minutes Highs and Lows. But a later normal "Roadmap" short gets underway at 8:45am (UK time) and a long at 9:35am - both on the 5 minute chart. The one minute charts shows where those 5 minute time frame trades sit on the one minute chart.
Groping forwards to supplement basic Roadmap but not sure where FVGaps are considered important. I did note that price left FVGaps around 7am near the Big Round Number of 12600 and hit the 5 and 15 minute highs, and returned to the FVgaps around 8:50 - ish. Made an "M" ? type shape, sat on the 200ma then took off upwards. Plus 12650 seemed a notable level all the way to the left.
15 minute and Hourly high/lows seem to match up?
What are your thoughts Chubby ?
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every Saint has a past. Every Sinner has a Future
  • #5,202
  • Sep 5, 2022 11:38am Sep 5, 2022 11:38am
Quoting ChubbyWookie
{quote} That is correct i like to see a retest (double bottom/Double top) then enter on a bullish candle or bearish for shorts {quote} 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...
Interesting… I would just probably sit there and place several market orders, one after another. I would imagine it shouldn't take more than like 10 seconds for the liquidity to regenerate. I guess your method has the benefit of averaging down to get a better price.

Yeah, totally depends on what system you're working on whether to wait for the bounce bar or not. Maybe on higher timeframes (well, five minutes anyway), that recovery bar is more meaningful than what happens on the one minute timeframe.
  • #5,203
  • Edited 5:03am Sep 6, 2022 3:23am | Edited 5:03am
Dax on a trendy session. FVGap drawn on a 5 minute chart. Chart shown is a one minute.
Was also curious if the sudden rise in consecutive green candles on the left is what ICT people call a liquidity gap and whether price will fall back to the origin of the rise on the left and into base of the 5 minute FVgap ( upside down "V" or "U"?)

EDIT: It did :-)
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every Saint has a past. Every Sinner has a Future
  • #5,204
  • Sep 6, 2022 5:37pm Sep 6, 2022 5:37pm
Quoting turnip15
{quote} Another Dax entry. The 15 minute and 5 minute rectangular boxes ( Pink and Blue) show Fair value gaps plus 5 and Fifteen Minutes Highs and Lows. But a later normal "Roadmap"
Here is my mark up. Sorry if its a bit wonky. I must of spent 6+ hours trying to mark it up but with the entire family home sick im pretty much being interrupted every 2 minutes.

Quoting turnip15
{quote}but not sure where FVGaps are considered important
This by far is one of the most difficult things. Its like asking 10 people to draw trendlines on the same chart. Every one is going to have something different. You might try going back a year on the H1 and marking them. The higher the timeframe the easier they are to see. Then maybe go back through the same year but on the m15 and then m5 and m1. Also color code them so when your on the m1 you will know what is. I know its a lot of work but if you can draw them before price gets there you will be golden. I will try to post some exemplar examples of what i see later in the week. Also i submitted a request for the DAX feed so hopefully i will get it shortly
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  • #5,205
  • Sep 7, 2022 4:54am Sep 7, 2022 4:54am
Quoting ChubbyWookie
{quote} Here is my mark up. Sorry if its a bit wonky. I must of spent 6+ hours trying to mark it up but with the entire family home sick im pretty much being interrupted every 2 minutes. {quote} This by far is one of the most difficult things. Its like asking 10 people to draw trendlines on the same chart. Every one is going to have something different. You might try going back a year on the H1 and marking them. The higher the timeframe the easier they are to see. Then maybe go back through the same year but on the m15 and then m5 and m1. Also color...
Brilliant stuff but please do not feel under pressure to reply. Take your time and hope your family get well soon.
Actually, I will need a lot of time with all the reading I have given myself
every Saint has a past. Every Sinner has a Future
  • #5,206
  • Sep 7, 2022 5:44am Sep 7, 2022 5:44am
Dax for this morning ( UK Time)
Look left lines drawn prior to 8am.
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every Saint has a past. Every Sinner has a Future
  • #5,207
  • Edited Sep 14, 2022 6:00am Sep 13, 2022 10:41am | Edited Sep 14, 2022 6:00am
Quoting bluesteele
{quote} Excellent summation Laura You have done an excellent job and I believe with the addition of some Liquidity theory it will really help Roadmappers evolve their trading to the next level. Cheers ! Kevin
@bluesteele

Saw this "First Bounce " video from Stacey Burke relating to Gold.

Inserted Video


The thing is most instruments took a dive or fell off the cliff during "news" today, so I had a look at Nasdaq.....AND.....

I saw this, "First Bounce" example on the Nasdaq at a BRN...12400.......
I thought the bounce might be easy to miss but add Laura's "Roadmap" and the Pin (Stacey Burke likes Pins) is caught nicely for the bounce within the channel.
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every Saint has a past. Every Sinner has a Future
  • #5,208
  • Sep 15, 2022 5:05am Sep 15, 2022 5:05am
Rubbish Dax session this morning. You get them.
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every Saint has a past. Every Sinner has a Future
  • #5,209
  • Sep 15, 2022 9:38am Sep 15, 2022 9:38am
@Bluesteele

The SP500 seemed to match up with Roadmap well just now. Will have to look at more charts before getting too confident
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every Saint has a past. Every Sinner has a Future
  • #5,210
  • Sep 15, 2022 10:35am Sep 15, 2022 10:35am
Quoting turnip15
@Bluesteele The SP500 seemed to match up with Roadmap well just now. Will have to look at more charts before getting too confident {image} {image}
And short again to previous low to finish for the session.
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every Saint has a past. Every Sinner has a Future
  • #5,211
  • Sep 19, 2022 9:29am Sep 19, 2022 9:29am
Hello everybody ( nods to cheering hordes)

Missed the double bottom at A and B through inattention but caught the long at "C" off BRN.
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every Saint has a past. Every Sinner has a Future
  • #5,212
  • Sep 21, 2022 9:21am Sep 21, 2022 9:21am
Nobody here but the wind
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every Saint has a past. Every Sinner has a Future
  • #5,213
  • Sep 21, 2022 12:44pm Sep 21, 2022 12:44pm
Decided to give a another try after long time on Roadmap strategy.

Good start with EU. Still not confident enough to keep the trade till ADR

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2 wins and 2 losses on UC

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  • #5,214
  • Sep 28, 2022 4:10am Sep 28, 2022 4:10am
Hi Lara,
Nice thread. I am trying to set up my charts for the Composite RSI. I use a charting package called Sierra Charts and need to know how my settings translate to MT4. Have inserted a picture of the input settings for the study and need to know how these compare to the MT4 settings or which numbers go where.
Hope this makes sense.
Thanks.
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  • #5,215
  • Oct 2, 2022 10:01pm Oct 2, 2022 10:01pm
Closed out Wednesday with with 7:1. 1st trade is not road map but the second trade is. Hopefully soon i will get some time to mark up some exemplar charts

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  • #5,216
  • Oct 4, 2022 5:18pm Oct 4, 2022 5:18pm
3 trades today with one loss. total 5:1 which means im done for the week. 1st trade was taken on m5, 2nd(Loss) trade on m5, 3rd trade on m1
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  • #5,217
  • Oct 17, 2022 8:28am Oct 17, 2022 8:28am
Hi Laura

I am not good with words, but what I know is that my heart is very grateful and very thankful to God Almighty for you , the forex road became walkable and encouraging ever since I met you , there is a lot more that I use that you taught here and I so happy, my wish if ever its fulfillable is to meet up with you before year 2020, but God saw it fit that I hold on to my consistent losses until I meet you. I am now able to hold on to profits unlike before where I always held on to losses, Thank you very very much for finding it in your heart to teach your orderly ways of trading and beleiving in us indirectly. Losses are present but unnecesssary according to me.


Thank you very much
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  • #5,218
  • Oct 21, 2022 5:46am Oct 21, 2022 5:46am
Roadmappers delight
Enjoy your weekend
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every Saint has a past. Every Sinner has a Future
  • #5,219
  • Oct 25, 2022 9:06am Oct 25, 2022 9:06am
Anybody home
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every Saint has a past. Every Sinner has a Future
  • #5,220
  • Oct 25, 2022 9:47am Oct 25, 2022 9:47am
Quoting turnip15
Anybody home {image}
Yep,
Home n ready for bed as I just had a nice run up on WTI 15 min chart for 180 pips, enuf to keep the cat in luxury for another day hahahaha.

What have you done to Laura, she gone AWOL, about time she made an appearance eh.

Listen you fellas gotta stop swappin PM's, yeah we have had six and you are on No 5 so settle down and get the house in order, for cryin out aloud he got enuf Do-- Re--Me to shout the royal household a free lunch.

Make a buck or three today, Rishi needs more pocket money.

nite mate
Ben
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