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Roadmap - A Way To Read Markets

  • #5,981
  • Jun 7, 2024 11:14am Jun 7, 2024 11:14am
A patiently waited for Long trade on SP 500; watching for rebound of violent drop.
See the box Kevin
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every Saint has a past. Every Sinner has a Future
  • #5,982
  • Jun 12, 2024 6:54pm Jun 12, 2024 6:54pm
Quoting Polimini
{quote} on the last 2, you should have waited for it to touch the EMA8 low
Hey buddy.
You makes me thinking. Do you trading this strategy?
I wondering if it'll implement your advice and will always wait for the price touch the low EMA on the buy side and high EMA on the sell side and set small SL. I'll get propably lots of small stops, but better reward and more pips if trade will go my way.
Everything has pros and cons.
  • #5,983
  • Jun 16, 2024 5:19pm Jun 16, 2024 5:19pm
Dear LauraT
ma_chanels_fiboMOD2.ex4
I will be switching to MT5. I would like something that is compatible with it.
  • #5,984
  • Jul 4, 2024 8:24am Jul 4, 2024 8:24am
Morning folks
Only one good trade this morning, I know its a election day and US bank holiday, but I went ahead anyway.
GU long
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I must confess, this week is one of the worst for me since February I think. May and June was the best months for me so far, here come the July this week and bang. After reviewing the trades at the end of the day, I realized I wasn't really following the rules, I was trigger happy, I wasn't controlling emotions.. I don't know what happened.
Never mind, market will be here next week as well.
  • #5,985
  • Jul 4, 2024 9:46am Jul 4, 2024 9:46am
Quoting Chrobakx
Morning folks Only one good trade this morning, I know its a election day and US bank holiday, but I went ahead anyway. GU long {image} I must confess, this week is one of the worst for me since February I think. May and June was the best months for me so far, here come the July this week and bang. After reviewing the trades at the end of the day, I realized I wasn't really following the rules, I was trigger happy, I wasn't controlling emotions.. I don't know what happened. Never mind, market will be here next week as well.
Hi,
Getting trigger happy is something most of us do at some point or other. You just cannot be bothered to run through a check list or maybe you just feel "too positive". Its tough to stay emotion free and focused.
I was looking at your trade and the point at which you took it. For the life of me I cannot understand the reasoning to enter at that point. Am I missing something ?
  • #5,986
  • Jul 4, 2024 9:55am Jul 4, 2024 9:55am
Quoting sj9bp20
{quote} Hi, Getting trigger happy is something most of us do at some point or other. You just cannot be bothered to run through a check list or maybe you just feel "too positive". Its tough to stay emotion free and focused. I was looking at your trade and the point at which you took it. For the life of me I cannot understand the reasoning to enter at that point. Am I missing something ?
Hi
I was anticipating the bounce back from EMA low.
  • #5,987
  • Edited 10:38am Jul 4, 2024 10:11am | Edited 10:38am
Quoting Chrobakx
{quote} Hi I was anticipating the bounce back from EMA low.

Another 10-15 mins would have given you a nice pin bar confirmation of a triple bottom....
  • #5,988
  • Jul 7, 2024 10:08pm Jul 7, 2024 10:08pm
MT4 will not be available in the near future
You need to prepare now.
Please tell us about MT5 indicator.
  • #5,989
  • Aug 27, 2024 10:04am Aug 27, 2024 10:04am
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Master your Mind,,,Master the Market
  • #5,990
  • Aug 28, 2024 8:02am Aug 28, 2024 8:02am
Quoting bluesteele
{image} {image} {image} {image}
Hi Kevin,
Love t he third chart. UK timings ?
every Saint has a past. Every Sinner has a Future
  • #5,991
  • Aug 28, 2024 11:29am Aug 28, 2024 11:29am
Quoting turnip15
{quote} Hi Kevin, Love t he third chart. UK timings ?
Hi Teee...
The charts are all set to NY time. GMT -4 ... The main yellow box in the US session is from 8:00 a.m. to 11:00 a.m. New York time.. the smaller initial balance box inside of that yellow area is set from 9:00 a.m. to 10:00 a.m. New York time
Master your Mind,,,Master the Market
  • #5,992
  • Sep 18, 2024 12:04pm Sep 18, 2024 12:04pm
Hello everyone,
Today I had 4 trades, 3 of which were winners. I'm open to any feedback or suggestions!
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  • #5,993
  • Sep 18, 2024 12:48pm Sep 18, 2024 12:48pm
Quoting hmilan
Hello everyone, Today I had 4 trades, 3 of which were winners. I'm open to any feedback or suggestions! {image} {image} {image} {image}
May I suggest the use of a Momentum indicator. It would most likely have kept you out of the loss.
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  • #5,994
  • Sep 18, 2024 1:47pm Sep 18, 2024 1:47pm
Quoting sj9bp20
{quote} May I suggest the use of a Momentum indicator. It would most likely have kept you out of the loss. {image}
which do you recommend?
  • #5,995
  • Sep 18, 2024 3:57pm Sep 18, 2024 3:57pm
Quoting bitgiggy
{quote} which do you recommend?
I use Mladens "Polychromatic momentum - extended"

Also I am running MT5.

Attached File(s)
File Type: mq5 Polychromatic momentum - extended.mq5   10 KB | 293 downloads

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  • #5,996
  • Sep 18, 2024 4:16pm Sep 18, 2024 4:16pm
Quoting bitgiggy
{quote} which do you recommend?
You can't outsmart the law of large numbers. You will not find a magic indicator that lets you ONLY take winning trades and avoid ALL losing trades.

My suggestion is to do what you did today and repeat it over the next 200 days.

Any one trade doesn't matter.

What matters is trading your plan, taking all set ups, and managing them according to your plan.

If you do have a positive edge, you'll be profitable.
Life itself is a privilege, but to live life to the fullest is a choice
  • #5,997
  • Sep 20, 2024 7:18am Sep 20, 2024 7:18am
Long EU at the NY open.
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"The truth is a function of whatever works"
  • #5,998
  • Sep 20, 2024 11:30pm Sep 20, 2024 11:30pm
Hello folks! On forex pairs, I am applying the settings of the Composite RSI, which Laura suggested for M1 indices and oil (See OP). It works beautifully! You should try it and see if it works for you.

Also, Laura warned about not ignoring the MTF Dashboard bias in the original post, but removing it from my chart seems to have improved my results (So far). My experience is, often I would see a fairly good setup, but the MTF Dashboard is against it (No other TF is agreeing). So I decide to stay on the sideline. But then I sit there looking at prices going in that direction with a quite strong momentum. So I thought it happened too often to be a coincidence and I removed it. Any thoughts?
"The truth is a function of whatever works"
  • #5,999
  • Oct 2, 2024 10:48am Oct 2, 2024 10:48am
Not posted for a while. Nothing to add really but here is a Gold chart. The main approach is Roadmap but I have tweaked it to suit me (read my old posts).
Tried silver Futures as a test earlier - my goodness the pennies soon add up or disappear on that one
Gold chart attached ( Micro Futures)
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every Saint has a past. Every Sinner has a Future
  • #6,000
  • Oct 2, 2024 3:16pm Oct 2, 2024 3:16pm
Quoting turnip15
Not posted for a while. Nothing to add really but here is a Gold chart. The main approach is Roadmap but I have tweaked it to suit me (read my old posts). Tried silver Futures as a test earlier - my goodness the pennies soon add up or disappear on that one Gold chart attached ( Micro Futures) {image}
Silver ROCKS love it.... Roadmap long off the NY open. Yest was an Inside day.... Today UK took out yest Inside day Low.
We know most breakouts FAIL 80% is the number on the street So if most BO's fail we can hypothesize with higher probability
that price will either range and stay inside or test the Inside days high.....

Market coiled sideways for 4.5 hours and when a market is moving sideways for any extended period it is simply building orders,
its where volume is building...



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Master your Mind,,,Master the Market
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