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Roadmap - A Way To Read Markets

  • #5,661
  • Jul 18, 2023 1:57am Jul 18, 2023 1:57am
IGNORE VTHE TWO RED HORIZONTALS ( They are an experiment on Value gaps) but see how price behaves on 50% Fibo and open prices. Some good roadmap trades there. See if you can spot them according to your own approach or Basic Roadmap from Post one on this thread. Don't forget Laura's journal thread for the new people here.
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every Saint has a past. Every Sinner has a Future
  • #5,662
  • Jul 18, 2023 4:43am Jul 18, 2023 4:43am
[quote=turnip15;14502022]IGNORE VTHE TWO RED HORIZONTALS
could you make them another color prehaps green or something
goma
  • #5,663
  • Jul 18, 2023 9:29am Jul 18, 2023 9:29am
[quote=goma;14502234]
Quoting turnip15
IGNORE VTHE TWO RED HORIZONTALS could you make them another color prehaps green or something goma
Just for you Goma
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every Saint has a past. Every Sinner has a Future
  • #5,664
  • Jul 19, 2023 2:19am Jul 19, 2023 2:19am
Was not going to post for a while but saw this nice example of using a higher guide time frame and lower time execution.
Bluesteeles hourly box as a bit wider than I would like but 50% Fibo and 8am equity ( UK time) Open were reasonably close when I drew them in at the 8am open with the box. other lines are drawn pre open. Five minute gave a short signal confirmed on the one minute for a nice profitable ride down.
Of course you can stick to the one minute but be prepared for more trades ( in and out mixed with more losers) and still make money overall. But the 5 and 1 minute is more leisurely and less stressful. Wot you fink folks?
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every Saint has a past. Every Sinner has a Future
  • #5,665
  • Jul 20, 2023 12:18am Jul 20, 2023 12:18am
Waiting - long maybe -we will see - mind the gap
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every Saint has a past. Every Sinner has a Future
  • #5,666
  • Jul 20, 2023 1:01am Jul 20, 2023 1:01am
Quoting turnip15
Waiting - long maybe -we will see - mind the gap {image}
There we are -cleared hurdles and long set in
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every Saint has a past. Every Sinner has a Future
  • #5,667
  • Jul 20, 2023 1:13am Jul 20, 2023 1:13am
@LauraT

My experimental E/J
15 minute horizontal pre-open lines. Blues are previous High/Lows - all drawn pre open UK time.
&am to 8am box 50% fibo and 8am open line drawn at 8am.
No trades at time of posting since price is trapped within 15 minute horizontal levels pre open. So I am waiting.
5 minute chart is execution chart.
Reasonable analysis Laura?
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every Saint has a past. Every Sinner has a Future
  • #5,668
  • Jul 20, 2023 1:15am Jul 20, 2023 1:15am
Quoting turnip15
Was not going to post for a while but saw this nice example of using a higher guide time frame and lower time execution. Bluesteeles hourly box as a bit wider than I would like but 50% Fibo and 8am equity ( UK time) Open were reasonably close when I drew them in at the 8am open with the box. other lines are drawn pre open. Five minute gave a short signal confirmed on the one minute for a nice profitable ride down. Of course you can stick to the one minute but be prepared for more trades ( in and out mixed with more losers) and still make money overall....
MrT - as you know I’ve followed you from Billy’s thread. I have learnt and continue to learn a lot from you. Thank you for taking the time to share your learnings from me and anonymous others who benefit now and into the future!
  • #5,669
  • Jul 20, 2023 1:25am Jul 20, 2023 1:25am
Quoting Lineseeker
{quote} MrT - as you know I’ve followed you from Billy’s thread. I have learnt and continue to learn a lot from you. Thank you for taking the time to share your learnings from me and anonymous others who benefit now and into the future!
Thank you for your kind words. Bear in mind I am a small time "trader" and no expert.
Laura's approach will stand you in good stead and it is the heart of what I do. I may alter or add bits but Laura's "Roadmap" is the boss. Also take a look at the "Flying Dutchman" and read the likes of "Bluesteele" etc. I took bits from there myself.
Take your time, patience is key ( doing nothing is okay - easy to say). Laura's journal is a great source of education and try her "take twenty trades" in her journal.
https://www.forexfactory.com/thread/...just-a-journal
( POST 17 )
Trade well.
every Saint has a past. Every Sinner has a Future
  • #5,670
  • Jul 20, 2023 1:34am Jul 20, 2023 1:34am
Quoting turnip15
{quote} Thank you for your kind words. Bear in mind I am a small time "trader" and no expert. Laura's approach will stand you in good stead and it is the heart of what I do. I may alter or add bits but Laura's "Roadmap" is the boss. Also take a look at the "Flying Dutchman" and read the likes of "Bluesteele" etc. I took bits from there myself. Take your time, patience is key ( doing nothing is okay - easy to say). Laura's journal is a great source of education and try her "take twenty trades" in her journal. https://www.forexfactory.com/thread/...just-a-journal...
thank you MrT - I’ll keep a closer eye at the Flying Dutchman too. Thank you for the links as well!
  • #5,671
  • Jul 20, 2023 9:45am Jul 20, 2023 9:45am
Quoting Lineseeker
{quote} thank you MrT - I’ll keep a closer eye at the Flying Dutchman too. Thank you for the links as well!
@LauraT
Roundup on sp500
One minute and 5 minute charts.
Didn't use the 5 minute this afternoon and noted that I could have made fewer trades !
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every Saint has a past. Every Sinner has a Future
  • #5,672
  • Jul 24, 2023 12:41am Jul 24, 2023 12:41am
I caught this bounce off the SMA200 and the previous day high. EURUSD M15
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  • #5,673
  • Jul 25, 2023 4:44am Jul 25, 2023 4:44am
Translator







Quoting HazHazHaz
I caught this bounce off the SMA200 and the previous day high. EURUSD M15 {image}
Nice trade. Is it a news candle?
  • #5,674
  • Jul 25, 2023 9:06am Jul 25, 2023 9:06am
.US30 M5
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  • #5,675
  • Jul 26, 2023 2:13am Jul 26, 2023 2:13am
Dax - 5 minute bias short - two losses ( maybe due to jumping ship too early ) and three gains. Finish session 10am UK time.
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every Saint has a past. Every Sinner has a Future
  • #5,676
  • Jul 27, 2023 1:18am Jul 27, 2023 1:18am
Maybe got in Long later than some might but cleared levels and then I went long.
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every Saint has a past. Every Sinner has a Future
  • #5,677
  • Jul 28, 2023 12:32am Jul 28, 2023 12:32am
Now looking ar reaction around 16400
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every Saint has a past. Every Sinner has a Future
  • #5,678
  • Jul 28, 2023 1:40am Jul 28, 2023 1:40am
Quoting turnip15
Now looking ar reaction around 16400 {image}
Answer - Ping Pong safely within "Roadmap"
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every Saint has a past. Every Sinner has a Future
  • #5,679
  • Jul 28, 2023 6:24am Jul 28, 2023 6:24am
DE40 M1
turnip, sorry, i stole your rectangle idea for the second entry.
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  • #5,680
  • Jul 28, 2023 6:30am Jul 28, 2023 6:30am
JP225 M1
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