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Roadmap - A Way To Read Markets

  • #5,861
  • Dec 4, 2023 9:46am Dec 4, 2023 9:46am
SP500 dropped away at 1:30pm but after 2:30pm it bounced off previous low for a Roadmap Long. Then under the 200ma and under the 75 level we had a Roadmap short. I am calling it a day rather than wait to the end of my usual 2 hour slot. Not everyday is so trendy/bendy so I am grateful.
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every Saint has a past. Every Sinner has a Future
  • #5,862
  • Dec 5, 2023 5:43am Dec 5, 2023 5:43am
Last one for now since few seem to pass this way and the posts are rather repetitive.
"X" marks the spots where I might have avoided crashing into pre drawn levels but I ofter adopt tunnel vision, at times, and miss the warning to watch out at these levels - at least the roadmap channel stopped me doing serious damage. But , overall, a profitable session.
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every Saint has a past. Every Sinner has a Future
  • #5,863
  • Dec 5, 2023 6:02am Dec 5, 2023 6:02am
Quoting turnip15
Last one for now since few seem to pass this way and the posts are rather repetitive. {image}
I am a second job speculator (retired, 2x, and I am still here... : ), so, most of them would have called Me a position trader, but this is one of my favorite thread! THX for the simple common sense I experience here! Have nice Time Turnip!
  • #5,864
  • Dec 6, 2023 9:56am Dec 6, 2023 9:56am
What is going on with these markets. it is dead this week
  • #5,865
  • Dec 6, 2023 10:05am Dec 6, 2023 10:05am
Quoting 40PipsAlan
What is going on with these markets. it is dead this week
Depends on what your looking at... Oil has put out exceptional trades this week as the Dax has too..

Might be worth adding to your watchlist if not on their already

Cheers !
Master your Mind,,,Master the Market
  • #5,866
  • Dec 6, 2023 12:13pm Dec 6, 2023 12:13pm
Quoting bluesteele
{quote} Depends on what your looking at... Oil has put out exceptional trades this week as the Dax has too.. Might be worth adding to your watchlist if not on their already Cheers !
I keep looking at oil and gold and not having much joy with those assets. I will continue checking them out.
  • #5,867
  • Dec 7, 2023 12:10pm Dec 7, 2023 12:10pm
Watch Yen, what it did under 2 min ... So trade on 1M charts...
  • #5,868
  • Dec 7, 2023 2:45pm Dec 7, 2023 2:45pm
Quoting turnip15
Dax - not as trendy/bendy as yesterday but ok for profit. Long over high ( blue line) failed. Short below dotted line ( Mid box) and notice price bouncing on that dashed line - failed. Tried another short - same reason -success. Long of Asia low ( price bouncing plus Roadmap of course - success. Done for morning. {image}
What's your criteria for exit? Entries I think i've understood. I'm testing with a 1:2 risk/reward ratio based on last low/high as the SL but sometimes it hurts the heart to see my exits end so early and the trend continues and wouldn't have hit my SL.
  • #5,869
  • Dec 7, 2023 5:29pm Dec 7, 2023 5:29pm
Quoting r56p
{quote} What's your criteria for exit? Entries I think i've understood. I'm testing with a 1:2 risk/reward ratio based on last low/high as the SL but sometimes it hurts the heart to see my exits end so early and the trend continues and wouldn't have hit my SL.
Reade from Post one -it's all there.
Back after Christmas - have a great hoiday all.
every Saint has a past. Every Sinner has a Future
  • #5,870
  • Dec 7, 2023 5:42pm Dec 7, 2023 5:42pm
Quoting turnip15
{quote} Reade from Post one -it's all there. Back after Christmas - have a great hoiday all.
Merry Christmas to you Turnip! Enjoy your holiday!
Life itself is a privilege, but to live life to the fullest is a choice
  • #5,871
  • Dec 12, 2023 11:01am Dec 12, 2023 11:01am
Quoting turnip15
Roadmap takes price through the 50% line (Squirrel) - thanks Kevin -through open line and previous high for a nice long. Price turns over breaks Roadmap and previous High for a nice short, then drifts near bottom of box. Got out and done for now {image}
In this trading scenario, strategy of entering long positions when the price surpasses the 50% line (Squirrel) and previous high, following the 'Roadmap,' reflects a trend-following approach. Conversely, the decision to initiate short positions after a reversal, breaking both the 'Roadmap' and the previous high, demonstrates adaptability to changing market conditions. Do I understand correctly ?
  • #5,872
  • Edited Dec 13, 2023 12:41pm Dec 12, 2023 9:21pm | Edited Dec 13, 2023 12:41pm
Quoting hayseed
{quote} //----- 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 //----- {image} //----- {image}
Hi everyone,

hayseed, thank you very much for sharing your observations. In fact, having the opportunity to observe the Price vs the Envelope, and the Envelope vs 200 SMA in addition to RSI composite and Price vs 200 SMA, in just one indicator, definitively helps.

Laura, thank you very much for your important gift and another big thank you to all the members and contributors of this amazing thread.

Merry Christmas !
  • #5,873
  • Dec 23, 2023 12:13pm Dec 23, 2023 12:13pm
Merry Christmas!
  • #5,874
  • Jan 2, 2024 5:10am Jan 2, 2024 5:10am
And a Happy new year all of you.
Here is a Dax long and short DEMO trade on Dax I did as. a warm up.
Not marked an earlier short where price broke below channel on way up - can you spot it? Price bounced off 16900 BRN ( within a few pips) to reject my premature short. I should have noted that BRN earlier - hence a few warm up demos before next week.
Will resume trades next week.
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every Saint has a past. Every Sinner has a Future
  • #5,875
  • Jan 3, 2024 3:58am Jan 3, 2024 3:58am
And here is a trickier Dax trade due to early volatility which one must learn to watch and wait for it to subside. I had two shorts - one failed( in too early) and one worked
Patience and follow the roadmap.
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every Saint has a past. Every Sinner has a Future
  • #5,876
  • Jan 4, 2024 3:35am Jan 4, 2024 3:35am
Last demo for the week until back into the fray next week. Tougher session today.
The dax. First two trades I lost because I pulled out too early. My stop is usually the low of the bar closing outside the channel. Last two trades were okay.
So fear still there evem in Demo and in reality one needs to take small profits to get paid for your effort ( even in demo) and do what I do in reality which is to dip in and out and not let entry come all the way back to cancel your trade. Easier said than done but works more often than not and depends on the individual. Meaning you find your own approach after learning the basic Roadmap approach. Mine will always be different to yours.
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every Saint has a past. Every Sinner has a Future
  • #5,877
  • Jan 4, 2024 3:58am Jan 4, 2024 3:58am
My trading style is very similar to this. one extra thing I do is use pivot points. I mostly trade in 30mins and 1 hr. so pivot point helps me a lot
  • #5,878
  • Jan 4, 2024 4:44am Jan 4, 2024 4:44am
Quoting turnip15
First two trades I lost because I pulled out too early. My stop is usually the low of the bar closing outside the channel. So fear still there {image}
Cope with fear technics: - take partial profit, and let Your SL unmoved, making a "synthetic free trade". You can add to this free trade, and do it again...
- take full profit, step back in retrace (if there any) don t risk on it more than Your win was on the 1st trade
- think in series in trading. One loss, IF YOU DID EVERYTHING properly, is NOT a loss, it is COST. You must KNOW, You will win in the war. Not all the battles, but the war. If You don t KNOW it, cut Your size, practise more, learn how to get in to the ZONE.
  • #5,879
  • Jan 4, 2024 5:07am Jan 4, 2024 5:07am
Quoting LaszloTrader
{quote} Cope with fear technics: - take partial profit, and let Your SL unmoved, making a "synthetic free trade". You can add to this free trade, and do it again... - take full profit, step back in retrace (if there any) don t risk on it more than Your win was on the 1st trade - think in series in trading. One loss, IF YOU DID EVERYTHING properly, is NOT a loss, it is COST. You must KNOW, You will win in the war. Not all the battles, but the war. If You don t KNOW it, cut Your size, practise more, learn how to get in to the ZONE.
Very true.
Here is the line up of trades until 10am. Price bounced along in a range off the top of my "Kevin" Box ( 7am to 8am)- this was one of those sessions where you have to be alert, very alert, to pullbacks, levels, trade in steps, look left at pre drawn levels and draw in more levels as you trade into the session etc.
Instructive session for me.
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every Saint has a past. Every Sinner has a Future
  • #5,880
  • Jan 5, 2024 4:20am Jan 5, 2024 4:20am
Dax again. Drew in levels prior to 8am. Can see from levels that I missed a nice short between 7 to 8am ( see heart sign noting level and proximity of Roadmap but I focus on 8am onwards for trades and levels are drawn prior to 8am.
First short thinking target at bottom of 7 to 8am box was possible = fail. Second short, backed up by prior level ( heart sign) worked out down to 75 brn and consolidated into a triangle so got out. ( No long from triangle breakout because price moved to fast for me).
I may have missed other trades but thats all I saw.
Third short price broke bottom of box and brn and hit brn 475 which was a 15 minute level drawn prior to 8am
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every Saint has a past. Every Sinner has a Future
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