NAS trade from earlier this morning... image Not the greatest entry as I didn't catch the initial channel cross Closed when it hit PDH I just signed up for a prop firm challenge with My Forex Funds and will be exclusively trading Roadmap to ...

Roadmap - A Way To Read Markets

Makes sense. Thanks

Prop Firm Hub

Hi All, Is there a consensus on how much to risk per trade during an evaluation? 1% ? 3% ? For the traders who have earned funded accounts, did you employ a different (more aggressive) approach during the evaluation vs your normal trading approach? ...

Prop Firm Hub

True

Roadmap - A Way To Read Markets

Why it's important to wait for confirmation I was anticipating a channel cross and jumped the gun before it fully crossed - and it never did image I will now wait for the channel to FULLY cross before entering!

Roadmap - A Way To Read Markets

DOW short closed image I might have been a little too quick with my some of my take-profits but decided to close it out on a spike down

Roadmap - A Way To Read Markets

DAX channel failure trade taking partial profits along the way.... image

Roadmap - A Way To Read Markets

OIL trade closed Took partial profits along the way until it hit daily open, then closed. It's a lot easier to let a position run when you've already locked in some profits! image

Roadmap - A Way To Read Markets

I'll check it out. Thanks

Roadmap - A Way To Read Markets

I think for forex, 5m or 15m timeframe is popular, and higher timeframes can certainly be traded with roadmap as well For indices and oil you can go as low as 1m timeframe But I am still a rookie so maybe someone else with more experience will have ...

Roadmap - A Way To Read Markets

Hi, You're right. I forgot that the RSI and the MTF do not work on the simulator. However, the ma's should work, though sometimes it takes a certain amount of time/bars for the 200ma to start to print. I had been using it without the MTF and RSI.

Roadmap - A Way To Read Markets

OIL trade just closed for a win image Entered on a channel failure Took profit at three stages - something I've been practicing...

Roadmap - A Way To Read Markets

The FXBlue simulator shows ADR. You could try that. It's free to use.

Roadmap - A Way To Read Markets

If you check youtube there are a lot of them Here's one playlist of one of his workshops video

Roadmap - A Way To Read Markets

Haha I've been rewatching a lot of Mark's videos lately, trying to drill it into my brain. I think the exercise of limiting my trades per day, while extremely difficult, may be one of the most important and effective exercises I've done.

Roadmap - A Way To Read Markets

Two losses to start the morning.... image image I think these were decent channel cross entries, but just didn't work out But its a probabilities game so I'm not upset. Just focused on the process right now. Yesterday I had 3 wins 1 loss. I'm ...

Roadmap - A Way To Read Markets

Thank you Ben. You always give me great analysis and critique, and give me something to think about! Very insightful!

Roadmap - A Way To Read Markets

Oh cool! I wasn't doing that previously. I was just waiting for a bar closure inside the channel to exit. This could help my statistics.

Roadmap - A Way To Read Markets

Laura, One question regarding the 15m exercise: Can we exit BEFORE a bar closes inside the 15m channel. For example, if I get a big spike in my favor, can I close in anticipation of a retrace? Or, for the sake of the exercise, should I wait until ...

Roadmap - A Way To Read Markets

Yes exactly

Roadmap - A Way To Read Markets