every Saint has a past. Every Sinner has a Future
Roadmap - A Way To Read Markets
- #5,705
- Sep 6, 2023 4:23am Sep 6, 2023 4:23am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #5,707
- Sep 12, 2023 3:38am Sep 12, 2023 3:38am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #5,708
- Sep 12, 2023 3:40am Sep 12, 2023 3:40am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #5,709
- Sep 12, 2023 7:46am Sep 12, 2023 7:46am
Hello LauraT and others who still trading this great roadmap.
I'm not new to trading, but had brake from forex for about 4 years, I read whole thread and started trading this strategy about last month. First day I had great success 6 winners and 2 losers, following days was mostly red, because I was trigger happy and saw valid entries everywhere.
recently I implemented ChubbyWookie's trading ideas with tight stops and RR, and today I had great success again.
4 winners, 3 losers and 1 BE, overall 23.4 pips in plus.
Here are winners and losers from today 
I'm not new to trading, but had brake from forex for about 4 years, I read whole thread and started trading this strategy about last month. First day I had great success 6 winners and 2 losers, following days was mostly red, because I was trigger happy and saw valid entries everywhere.
recently I implemented ChubbyWookie's trading ideas with tight stops and RR, and today I had great success again.
4 winners, 3 losers and 1 BE, overall 23.4 pips in plus.
Here are winners and losers from today
- #5,711
- Sep 13, 2023 4:26am Sep 13, 2023 4:26am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
Rubbish trading on the afternoon Dax yesterday. It happens ( to me anyway)
every Saint has a past. Every Sinner has a Future
- #5,712
- Sep 13, 2023 4:29am Sep 13, 2023 4:29am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #5,714
- Sep 13, 2023 9:27pm Sep 13, 2023 9:27pm
- Joined Mar 2004 | Status: Senior Member | 1,634 Posts
[quote=hmilan;14573635]Hello everyone! Would it have been a good entry to go short within the blue circle? {image}[/quote
I would wait until there was a close below the low bar about 10minutes earlier, where price went sideways. Wait for a close of 2 bars that are below the 8 channel. The blue circle is in the area where the manipulators are gathering orders. Stay away .
The 8 channel going sideways will keep you from getting caught in their schemes.
I would wait until there was a close below the low bar about 10minutes earlier, where price went sideways. Wait for a close of 2 bars that are below the 8 channel. The blue circle is in the area where the manipulators are gathering orders. Stay away .
The 8 channel going sideways will keep you from getting caught in their schemes.
[quote=Lou;14574905]
Thank you all for your help! So should I wait until a candle closes under channel 8?
Hello everyone! Would it have been a good entry to go short within the blue circle? {image}[/quote I would wait until there was a close below the low bar about 10minutes earlier, where price went sideways. Wait for a close of 2 bars that are below the 8 channel. The blue circle is in the area where the manipulators are gathering orders. Stay away . The 8 channel going sideways will keep you from getting caught in their schemes.
- #5,719
- Edited 10:31am Sep 15, 2023 9:40am | Edited 10:31am
- Joined Mar 2004 | Status: Senior Member | 1,634 Posts
[quote=hmilan;14576867][quote=Lou;14574905]{quote} Thank you all for your help! So should I wait until a candle closes under channel 8?[/quote
I suggest you read Laura T's posts on this Roadmap thread.
Here is a brief synopsis of what she says... but definitely read her posts.
8 EMA Channel
the 5m 8ema channel for these entry and exit models.
Very simply I need to see a close above or below the channel..(even better with an open on one side of channel and a close on other side) charts will highlight that.
I then will wait for a subsequent candle to close above/below channel in the same directionand that will trigger a buy/sell on the Open of the next candle.
Again charts should make it clear...and again I do use other confluences to verify my bias for that trade... So a minimum 2 candle setup with entry on open of the third candle...Or a 3 candle setup with entry on open of the fourth candle.
You will also want to Look to the Left on the same or a higher time frame to see what earlier price action you will be trading into as well as where price is at the time of your trade. Is price at the H or L of the M, W, D, .... Opening Range, Round Numbers 00 and 50 .
I suggest you read Laura T's posts on this Roadmap thread.
Here is a brief synopsis of what she says... but definitely read her posts.
8 EMA Channel
the 5m 8ema channel for these entry and exit models.
Very simply I need to see a close above or below the channel..(even better with an open on one side of channel and a close on other side) charts will highlight that.
I then will wait for a subsequent candle to close above/below channel in the same directionand that will trigger a buy/sell on the Open of the next candle.
Again charts should make it clear...and again I do use other confluences to verify my bias for that trade... So a minimum 2 candle setup with entry on open of the third candle...Or a 3 candle setup with entry on open of the fourth candle.
You will also want to Look to the Left on the same or a higher time frame to see what earlier price action you will be trading into as well as where price is at the time of your trade. Is price at the H or L of the M, W, D, .... Opening Range, Round Numbers 00 and 50 .