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Roadmap - A Way To Read Markets

  • #6,001
  • Oct 3, 2024 11:32am Oct 3, 2024 11:32am
Thankyou LauraT for freely sharing your journal and trading tips... a book by you (all from your page 'Just a Journal') Regards... Mike
Attached File(s)
File Type: pdf LauraT-This is my journal.pdf   1.9 MB | 1,133 downloads
  • #6,002
  • Oct 3, 2024 3:32pm Oct 3, 2024 3:32pm
Quoting deafpostman
Thankyou LauraT for freely sharing your journal and trading tips... a book by you (all from your page 'Just a Journal') Regards... Mike {image}
Master your Mind,,,Master the Market
  • #6,003
  • Oct 6, 2024 11:12pm Oct 6, 2024 11:12pm
Quoting deafpostman
Thankyou LauraT for freely sharing your journal and trading tips... a book by you (all from your page 'Just a Journal') Regards... Mike {image}
Made it thru the PDF and I must say what an excellent job you did Mr Postman !

I actually had a few moments where I said Huh...I never read that before ! and sure as I simply had glossed over
in the thread and missed it .

I trade futures , CL,NG,RBOB sometimes Gold NQ and ES as well.. But predominantly Crude and Natural Gas and I must
say RoadMap is my goto setup...and it just flat out shines and Ive been using it daily for the last 4ish years.

So often us as traders(humans) seek to know more..just drive a little farther around that next bend,,,,, I need more info....
I dont know enough....etc etc etc... I know very very well after decades trading.... Got that hat myself ! lol

And with that said a little secret ... I employ Volume Profile, Market profile "aspects" Auction market theory...
VWAP, Prev day VWAP close Anchored VWAP and several other goodies....

BUT BUT BUT its amazing how many GREAT trades I get just taking RoadMap
entries... although I do incorporate TIMING LEVELS and BEHAVIOUR of PRICE (another story)
( which incorporates some of the above) Caveats needed...

Anyhow Roadmap is Gold... Laura is Gold and the PDF that DeafPostman put together is Gold...

Heres a chart showing my whole entire Enchilada ! Sans BRN's 70.00 71.00 72.00 etc etc etc.......
Do we really need all the extra mumbo jumbo...well for me I use it as it is employed in other setups that coincide with RoadMap.

Now its bedtime !
Cheers
Blue

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Master your Mind,,,Master the Market
  • #6,004
  • Oct 7, 2024 9:21am Oct 7, 2024 9:21am
Quoting bluesteele
{quote} Made it thru the PDF and I must say what an excellent job you did Mr Postman ! I actually had a few moments where I said Huh...I never read that before ! and sure as I simply had glossed over in the thread and missed it . I trade futures , CL,NG,RBOB sometimes Gold NQ and ES as well.. But predominantly Crude and Natural Gas and I must say RoadMap is my goto setup...and it just flat out shines and Ive been using it daily for the last 4ish years. So often us as traders(humans) seek to know more..just drive a little farther...
Hi, I am new to trading with indictors and was observing this thread whole weekend. The only thing I still couldn't figure out is where do I put my SL and TP if I am entering on 5m or 15 m because for these tf's stop loss behind daily high/low is kinda far. Could you please explain me? Thanks
  • #6,005
  • Oct 8, 2024 9:26am Oct 8, 2024 9:26am
Hi
I had an indicator ages ago based on Laura`s trend band that was basically green if candle crosses upper band and red crossing the lower band and grey in the middle. Can`t seem to find it again, anyone able to point me in the right direction please?
  • #6,006
  • Oct 8, 2024 12:02pm Oct 8, 2024 12:02pm
Quoting Ju4ara
{quote} Hi, I am new to trading with indictors and was observing this thread whole weekend. The only thing I still couldn't figure out is where do I put my SL and TP if I am entering on 5m or 15 m because for these tf's stop loss behind daily high/low is kinda far. Could you please explain me? Thanks
Most recent swing high or low on your current TF
  • #6,007
  • Oct 8, 2024 10:57pm Oct 8, 2024 10:57pm
Quoting sj9bp20
{quote} Most recent swing high or low on your current TF
thanks. And what about entrance? I guess it got to be around 8EMA if I trade 1-5-15 usually, but how can I properly use it for opening positions? Are there any tips or rules?
  • #6,008
  • Oct 12, 2024 7:26am Oct 12, 2024 7:26am
Just look for Asian range.
  • #6,009
  • Oct 13, 2024 6:19am Oct 13, 2024 6:19am
Quoting turnip15
Third trade (Long) was a loser because price reversed sharply on red bar. Other trades made a reasonable session. {image}
He points out the short squeeze and the next candle that basicly engulfs it. Nice picture
  • #6,010
  • Oct 14, 2024 9:55pm Oct 14, 2024 9:55pm
MT4 RSI candles indicator... RSI setting period of 9, you can change settings.
4 colours; 1 for overbought and 1 for really overbought, the same for oversold.
May be of use.

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Attached File(s)
File Type: ex4 RSI9 Candles.ex4   30 KB | 296 downloads
File Type: mq4 RSI9 Candles.mq4   14 KB | 347 downloads
  • #6,011
  • Edited 4:35am Oct 15, 2024 2:24am | Edited 4:35am
Hello, I'm still reading thru the thread, on page 50 right now and am still to begin my backtesting but saw a trade today that seemingly filled all the criteria ( as I understand them ) so I decided to take it. Did I miss something or just bad luck?
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  • #6,012
  • Oct 15, 2024 5:26am Oct 15, 2024 5:26am
Sorry to spam, similar situation here as well. Exited on BE on a hunch though:
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  • #6,013
  • Edited 8:09pm Oct 16, 2024 4:29pm | Edited 8:09pm
Hi, I’m not sure if you are asking me about the indicator… if so, the indicator is merely an on the candle visualization of the 9 period RSI…. When the RSI goes below or above a certain level, you can see the colour change. My understanding of LauraT suggestions is to look for buy trades when RSI is above and sell trades when RSI is below.. sort of with the trend for beginners. If you notice the candle turns red it tends to stay red for a little while. Or turns blue and tends to stays blue for a bit. So not a trade confirmation, more of an visual on screen that price is moving in a relative strength direction. If you change the setting to a 21 period, you’ll see more consecutive red / blue…. The composite RSI LauraT provided (seen lower right chart) provides more/less same info. Some traders will have a higher period RSI and look to buy above 50, look to sell below 50…. Look to buy, meaning one can use channel crosses or channels failures but inline with RSI trend.

See this alternate pic.. it shows the 21 period RSI and the candles set to 21... so with that we can look for relatively 'safer' opportunities. We know 'overbought' and 'oversold' is just a paradoxical term that can throw us off if we think of it strictly as overbought/sold; we should try not to be rigid in thinking overbought means sell as it can also mean there is a trend to buy. We know that price can be in 'overbought' for long periods and vice versa. I see this thread is aiming to simplify trading and take the simplicity and make it your own. There is a book posted in post 6011.. it is LauraT's journal and tips. Good for starters or seasoned strugglers like me. Cheers.


Quoting nurulizzah
hello,can it also be used for trade entry confirmation?
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  • #6,014
  • Nov 4, 2024 3:32am Nov 4, 2024 3:32am
Hi all,
seems this thread is quite dead

Does anyone have any news about Laura ?

Today I've spotted this entry on US500 Cash Index 5 minutes, anyone on this ?
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  • #6,015
  • Nov 4, 2024 3:49am Nov 4, 2024 3:49am
Quoting skyline
Hi all, seems this thread is quite dead Does anyone have any news about Laura ? Today I've spotted this entry on US500 Cash Index 5 minutes, anyone on this ? {image}
not sure if this is true or not but look at the shout from dinpappa
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  • #6,016
  • Nov 4, 2024 4:33am Nov 4, 2024 4:33am
Quoting T721
{quote} not sure if this is true or not but look at the shout from dinpappa {image}
Ohh I'm so sad she passed away!
  • #6,017
  • Nov 4, 2024 6:47am Nov 4, 2024 6:47am
Quoting skyline
{quote} Ohh I'm so sad she passed away!
When i saw that shout from dinpappa. i sent him PM. He hasn't been Online since then. I learned a lot from her so have a lot respect for her.
Not sure if this is true or not, no assumption
Be Greedy
Dices Return This Week: na
  • #6,018
  • Nov 4, 2024 7:28am Nov 4, 2024 7:28am
Very sad if true and I'm hoping that it is incorrect.

The thread may not get much activity, but it is well worth studying. Study this thread and Laura's journal thread. Many of us have adopted or adapted the roadmap to fit with other methods or systems. If FF had a Hall of Fame of threads, this and Laura's journal should be among the inaugural entrants, imo.
Life itself is a privilege, but to live life to the fullest is a choice
  • #6,019
  • Nov 4, 2024 8:32am Nov 4, 2024 8:32am
Maybe some former students in her Slack/Discord trading group can confirm if she's really passed away ?

Btw i think this system is sound and well thougth, will try to learn and apply its principles as much as I can.
  • #6,020
  • Nov 6, 2024 5:19am Nov 6, 2024 5:19am
Hello everyone,

Quick message to happily confirm I'm still alive!

Sorry for any confusion or worry. I had been helping someone in private but had to cease communication due to health issues. Hence the shout on my profile that people are referring to.

Still won't be around for a while, but between here and my Journal I think I've already said most of what I want to.

Take care.
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