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Roadmap - A Way To Read Markets

  • #5,621
  • Jun 29, 2023 7:53am Jun 29, 2023 7:53am
Quoting sj9bp20
{quote} Its nice that you show charts. Unfortunately I cannot see trades taken on them at all. A few spots, bit of fruit and some support/resistance levels is all I see. ???
It's a secret salad recipe - nothing to do with trading
every Saint has a past. Every Sinner has a Future
  • #5,622
  • Jun 30, 2023 4:57am Jun 30, 2023 4:57am
Quoting turnip15
{quote} And here is todays DAX 5. minute ( two charts) directing ( bias) the one minute execution chart. {image} {image} {image}
A SALAD day ?

Just to show that some days are easier than others just take a look at todays Dax price action.
The five minute showed an initial entry that was triggered on the one minute and was kept within the 5 minute bias for the duration.
Certainly makes up for less trendy days or choppy waters where you have to snatch at a handful of pips.
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every Saint has a past. Every Sinner has a Future
  • #5,623
  • Jun 30, 2023 9:49am Jun 30, 2023 9:49am
JP225 M1
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  • #5,624
  • Jun 30, 2023 10:57am Jun 30, 2023 10:57am
Continuing experiment - Roadmap and bits from "Bluesteele" over at the "Flying Dutchman"
One short and two successful longs.
Experiment continues.
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every Saint has a past. Every Sinner has a Future
  • #5,625
  • Jun 30, 2023 11:18am Jun 30, 2023 11:18am
SP500 round up - 2:30pm to 4:30pm UK time. Chart has bits gleaned from "Flying Dutchman" thread ( Bluesteele) but Roadmap is dominant guide.
5 minute bias and one minute execution.
( Variation on Laura's Forex 15 minute bias )
Have a good weekend all.
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every Saint has a past. Every Sinner has a Future
  • #5,626
  • Jul 3, 2023 4:10am Jul 3, 2023 4:10am
A zero trades taken session on the Dax for me this morning. Back later for USA session.
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every Saint has a past. Every Sinner has a Future
  • #5,627
  • Jul 3, 2023 11:19am Jul 3, 2023 11:19am
And the SP500 trades were biased long via 5 minute but a scratchy patchy execution on the one minute resulted in few pips and much swearing.
Not a good day but we have them. I know this but am still very cross ( Mustn't swear on Laura's thread)
I should have noted high and low before and after large blue circle and stayed away and sat on my hands. Maybe I missed some news event or Mondays are bad days?
Anyway -poor management by me.
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every Saint has a past. Every Sinner has a Future
  • #5,628
  • Jul 3, 2023 12:00pm Jul 3, 2023 12:00pm
Quoting turnip15
And the SP500 trades were biased long via 5 minute but a scratchy patchy execution on the one minute resulted in few pips and much swearing. Not a good day but we have them. I know this but am still very cross ( Mustn't swear on Laura's thread) I should have noted high and low before and after large blue circle and stayed away and sat on my hands. Maybe I missed some news event or Mondays are bad days? Anyway -poor management by me. {image} {image}
Independence day tomorrow what effects the market, even when itดs pretty solid liquid.


I trade the ES normally Tuesday, Wednesday and Thursdays.

Best, Guido
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Risiko birgt immer auch die Chance.
  • #5,629
  • Jul 3, 2023 3:21pm Jul 3, 2023 3:21pm
Quoting Sesamstrasse
{quote} Independence day tomorrow what effects the market, even when itดs pretty solid liquid. I trade the ES normally Tuesday, Wednesday and Thursdays. Best, Guido {image}
Of course -July 4th week - being in the UK it slipped my mind. Might give this week a miss on indicies.
Thanks Guido
every Saint has a past. Every Sinner has a Future
  • #5,630
  • Jul 4, 2023 7:13am Jul 4, 2023 7:13am
July 4th Holiday in the USA folks.

E/J using Laura's idea of 15 minute directional guide and Five minute execution - down to 15 minute level drawn prior to 7am ( UK ) session start
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every Saint has a past. Every Sinner has a Future
  • #5,631
  • Jul 5, 2023 7:17am Jul 5, 2023 7:17am
.US30 M5
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  • #5,632
  • Jul 6, 2023 2:11am Jul 6, 2023 2:11am
Few points for a short
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every Saint has a past. Every Sinner has a Future
  • #5,633
  • Edited 3:19am Jul 6, 2023 3:04am | Edited 3:19am
Quoting turnip15
Few points for a short {image}
Another short below 50% Fibo and open line and lower (orange) level - pre-open
EDIT: Lots of RED News stuff about today - be wary
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every Saint has a past. Every Sinner has a Future
  • #5,634
  • Jul 6, 2023 8:37am Jul 6, 2023 8:37am
US30 M5, JP225 M1
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  • #5,635
  • Jul 6, 2023 9:39am Jul 6, 2023 9:39am
And the sp500 5 minute chart is a very good guide today
Note tightly consolidated levels pre open ( Before 1:30pm - 2:30pm UK time)
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every Saint has a past. Every Sinner has a Future
  • #5,636
  • Jul 6, 2023 1:27pm Jul 6, 2023 1:27pm
Quoting turnip15
And the sp500 5 minute chart is a very good guide today Note tightly consolidated levels pre open ( Before 1:30pm - 2:30pm UK time) {image}
I stopped at 4pm UK time (16:00 hrs) but if any of you traded longer hours you would have got the long
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every Saint has a past. Every Sinner has a Future
  • #5,637
  • Jul 7, 2023 4:42am Jul 7, 2023 4:42am
Three losses and three wins -the last being one to cheer one up.
BUT bad trading on my part. The 5 minute was not too helpful but taking 10 pips per time would have helped. The ONE Minute showed volatility which I should have marked off from 8:12 to 8:20 and drawn in a whip or no go zone. This would have kept me away until the last trade which was triggered above the Open ( dashed line)
Problem is I don't always follow my plan or take note of things like volatility swings.
Have a Good Friday all and NOTE -RED News about today.
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every Saint has a past. Every Sinner has a Future
  • #5,638
  • Jul 7, 2023 10:57am Jul 7, 2023 10:57am
Brilliant effort! and thanks for sharing this out for the community!
Looks pretty straightforward and actionable for a lot of traders of various levels of experience, I think. Will definitely look into it!
  • #5,639
  • Jul 7, 2023 11:12am Jul 7, 2023 11:12am
Wobbly morning on Dax
Great afternoon on BBQ
Enjoy your week end folks
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every Saint has a past. Every Sinner has a Future
  • #5,640
  • Jul 10, 2023 12:20am Jul 10, 2023 12:20am
looking at 2 timeframes simultaneously. 5min tf is/was giving sell entries but 30min tf is at support.
what is logical - to wait out for 5min tf to align back with 30min? or to stick to 5 min and take trades without adding scope for confusion ?
any feedback ?
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