{quote} Currently up +7.4% this week. This is where it goes suddenly wrong for the next 2 days and its all gone again.Maybe take 2 days off but my target is 10% so on we go.
{image}
Roadmap - A Way To Read Markets
- #5,803
- Edited 9:47am Nov 16, 2023 9:21am | Edited 9:47am
- Joined Apr 2019 | Status: Trader | 1,996 Posts
I am enjoying this week. Weekly 10% target hit so tomorrow is take it easy day and count the demo dosh.
+16 Pips on UJ
+16 Pips on GU
+16 Pips on UJ
+16 Pips on GU
- #5,804
- Edited 8:08pm Nov 16, 2023 11:46am | Edited 8:08pm
- Joined Nov 2006 | Status: Trader | 4,417 Posts
trend recognition systems like this appeal to me..... trying to piece it together as i go..... did not have time before..... do now......
from post 1......
we also can see at a glance whether price is above or below SMA200 thanks to the multi-timeframe dashboard in the bottom right corner. Green means price is above, red means below.
Next we have a channel created by using the High and Low of EMA8. We pay attention to two things with the channel. Where price is in relation to it and where the channel is in relation to SMA200.
that would be 3 separate things.... in the chart below, top left the little floweredy outfits denote each on 1 thru daily.....
top row is current price relation to the 200 sma..... 2 colors.....
timeframes next.....
third row is channels relation to the 200 sma.... 3 colors this time..... yellow represents the 200 falling within in the channel.....
fourth row is the price relation to the channel...... again 3 colors..... yellow if current price is within the channel.....
//------
again, from post 1.....
The Daily Open Line is also on the chart.
There is also the projected ADR High and Low lines on the chart. These are dynamic and will change throughout the day until they become 'locked'.
We also have a composite RSI figure on screen.
next follows the rsi value...... which is a rather complex formula..... i used the math found in that indicator in the first post.....
then the daily adr value, as opposed to the atr..... laura mentions adr specifically.....
on the chart itself is the channel and 200 sma......
the horizontal blue line marks the open.....
the lime and red lines extending to the right from the open are the daily adr values applied to the daily open...... she mentions those lines being 'dynamic'.... really not sure what that means or is supposed to represent...... until i figure that aspect out, mine are set in place.....
the yellow dashed lines are 50% of those values.... just my reference.....
she mentions ideas here and in her just a journal......
a single indicator is doing all the above...... along with alerts for certain condition triggers she mentions..... there is no way i can stare at charts.....
//------
one thing comes to mind..... when using single row dashboards like here, they are great for now or perhaps a few bars from now.....
but when visually looking back at trade possibilities or trades taken several days or weeks ago, now means nothing...... in those cases you would need the single rows converted into mtf fashion indicators..... so you could see the price/channel/200sma relationship on each timeframe was then......
will do that shortly as example......
need to reread things first ......h
//----
from post 1......
we also can see at a glance whether price is above or below SMA200 thanks to the multi-timeframe dashboard in the bottom right corner. Green means price is above, red means below.
Next we have a channel created by using the High and Low of EMA8. We pay attention to two things with the channel. Where price is in relation to it and where the channel is in relation to SMA200.
that would be 3 separate things.... in the chart below, top left the little floweredy outfits denote each on 1 thru daily.....
top row is current price relation to the 200 sma..... 2 colors.....
timeframes next.....
third row is channels relation to the 200 sma.... 3 colors this time..... yellow represents the 200 falling within in the channel.....
fourth row is the price relation to the channel...... again 3 colors..... yellow if current price is within the channel.....
//------
again, from post 1.....
The Daily Open Line is also on the chart.
There is also the projected ADR High and Low lines on the chart. These are dynamic and will change throughout the day until they become 'locked'.
We also have a composite RSI figure on screen.
next follows the rsi value...... which is a rather complex formula..... i used the math found in that indicator in the first post.....
then the daily adr value, as opposed to the atr..... laura mentions adr specifically.....
on the chart itself is the channel and 200 sma......
the horizontal blue line marks the open.....
the lime and red lines extending to the right from the open are the daily adr values applied to the daily open...... she mentions those lines being 'dynamic'.... really not sure what that means or is supposed to represent...... until i figure that aspect out, mine are set in place.....
the yellow dashed lines are 50% of those values.... just my reference.....
she mentions ideas here and in her just a journal......
a single indicator is doing all the above...... along with alerts for certain condition triggers she mentions..... there is no way i can stare at charts.....
//------
one thing comes to mind..... when using single row dashboards like here, they are great for now or perhaps a few bars from now.....
but when visually looking back at trade possibilities or trades taken several days or weeks ago, now means nothing...... in those cases you would need the single rows converted into mtf fashion indicators..... so you could see the price/channel/200sma relationship on each timeframe was then......
will do that shortly as example......
need to reread things first ......h
//----
to trade and code, keep both simple... no call to impress....h
- #5,805
- Nov 16, 2023 8:48pm Nov 16, 2023 8:48pm
- Joined Nov 2006 | Status: Trader | 4,417 Posts
//------ one thing comes to mind..... when using single row dashboards like here, they are great for now or perhaps a few bars from now..... but when visually looking back at trade possibilities or trades taken several days or weeks ago, now means nothing...... in those cases you would need the single rows converted into mtf fashion indicators..... so you could see the price/channel/200sma relationship on each timeframe was then...... will do that shortly as example......
here is an example of the mtf version of the price / 200 relation...... it does not include the minute tf.....
we can clearly see nows price/200 relation in the single row dashboard...... that is very useful, at least to me.......
but what if there was a need to look back at september...... todays means little......
in mtf fashion we can clearly see on those timeframes every bars standing on any prior date providing you have the required data......
safety in numbers......h
//-----
//-----
to trade and code, keep both simple... no call to impress....h
- #5,806
- Nov 17, 2023 3:45am Nov 17, 2023 3:45am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
Dax trades. Roadmap does its thing. Have stopped for the session and taking the dog out.
Keep Roadmap simple with a few pre drawn levels. But each to their own since we all have our own flavours of "Roadmap"
Sorry - the squirrel is an in joke from another thread.
Keep Roadmap simple with a few pre drawn levels. But each to their own since we all have our own flavours of "Roadmap"
Sorry - the squirrel is an in joke from another thread.
every Saint has a past. Every Sinner has a Future
Sorry - the squirrel is an in joke from another thread.
Seems it is a basic, important trdaing idea, named on a funny way!
THX in advance!
Dax trades. Roadmap does its thing. Have stopped for the session and taking the dog out. Keep Roadmap simple with a few pre drawn levels. But each to their own since we all have our own flavours of "Roadmap" Sorry - the squirrel is an in joke from another thread.
- #5,809
- Nov 17, 2023 5:14am Nov 17, 2023 5:14am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
{quote} Suppose it means when price , squirrel is out from its cave , tokio channel? Would somebody be so kind to point me where is , where started this "joke"? Seems it is a basic, important trdaing idea, named on a funny way! THX in advance!
every Saint has a past. Every Sinner has a Future
- #5,810
- Nov 17, 2023 5:19am Nov 17, 2023 5:19am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
{quote} For a minute there I thought you changed the dog for a squirrel, as you can see him all day on the charts and he doesn't need to go for a walk :-)
every Saint has a past. Every Sinner has a Future
[quote=turnip15;14658780]{quote} When I take my dog to the woods it instantly goes into "squirrel alert." It stops walking along with its' nose to the ground ( the majority of the time)
0.00% level obviously
before we enter the wood. But once in the wood ( and because he saw one previously on another walk in the wood) it holds its head up,
Early Warning system --50% level
ears up, and sometimes it stops,
RED ALERT all systems engaged
alert and looking/listening for squirrels....Ssshhhhh
Dam it Mr Squirrel---we just had a nasty retracement---61.8% now put that dam paw on the ground and move on to the next tree. Mr squirrel has moved on and you missed him.
Better go an restudy those dam fibs again---Kevin might be able to assist us here.
Havin a bit of fun mate end of our week here, trade well an watch out for that squirrel, he might just pop up at any level.
Ben :-)
0.00% level obviously
before we enter the wood. But once in the wood ( and because he saw one previously on another walk in the wood) it holds its head up,
Early Warning system --50% level
ears up, and sometimes it stops,
RED ALERT all systems engaged
alert and looking/listening for squirrels....Ssshhhhh
Dam it Mr Squirrel---we just had a nasty retracement---61.8% now put that dam paw on the ground and move on to the next tree. Mr squirrel has moved on and you missed him.
Better go an restudy those dam fibs again---Kevin might be able to assist us here.
Havin a bit of fun mate end of our week here, trade well an watch out for that squirrel, he might just pop up at any level.
Ben :-)
- #5,813
- Nov 17, 2023 6:19am Nov 17, 2023 6:19am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
{quote} Better go an restudy those dam fibs again---Kevin might be able to assist us here. Havin a bit of fun mate end of our week here, trade well an watch out for that squirrel, he might just pop up at any level. Ben :-)
every Saint has a past. Every Sinner has a Future
- #5,815
- Nov 17, 2023 9:02am Nov 17, 2023 9:02am
- Joined Apr 2019 | Status: Trader | 1,996 Posts
Time to call it a week guys,
+10.74% for the week. Probably my best week ever. happy days.
+10.74% for the week. Probably my best week ever. happy days.
- #5,816
- Edited 4:11am Nov 20, 2023 3:56am | Edited 4:11am
- Joined Apr 2019 | Status: Trader | 1,996 Posts
- #5,817
- Nov 20, 2023 5:42am Nov 20, 2023 5:42am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
