It wasn't quite a full cross like the roadmap rules. But there was a lot lining up indicating it would go long. I only had reservations about the 1.16000 area. Since we know price often is attracted to big numbers I was fairly confident I could get ...

Roadmap - A Way To Read Markets

Ah, I think your analysis is sound. I've also noticed this phenomenon where price seems to rush through areas with either no horizontal levels or where it has previously had a large bar. It would be interesting to know why this actually is, but at ...

Roadmap - A Way To Read Markets

Sorry I left out composite RSI. Updated File file

Roadmap - A Way To Read Markets

Excellent that you hit the first target. So, is this the one where you would normally take 80% off the table? Yes that's correct! I was looking to close 80% around 1.16750 as it was in my view the next largest area of potential resistance. However ...

Roadmap - A Way To Read Markets

Looks like we hit the 1st target of 1.16750(which i now see i didn't mention yesterday). The reason for 1.16750 is if you look on the D1 and to the left the first place for price to retest is the previous low (resistance) at 1.16750. i also ...

Roadmap - A Way To Read Markets

That looks like what I use. Which should also be what Laura recommended. image

Roadmap - A Way To Read Markets

Currently most of my trades are taken off the m5 and some m1. With that being said i doo look at the higher time frames to base my trades off of. I chose that TF because it worked best for my personality. For years i was on HTF (H1,H4,D1) but just ...

Roadmap - A Way To Read Markets

I do remember that. However I also was not in CHF at the time so I was not greatly effected. In fact I didn't even have a clue until probably a day or two later when a friend notified me he had lost everything. If I recall the broker had gone under ...

Roadmap - A Way To Read Markets

That's the mental hurdle you have to get over. You cant focus on the money as it doesn't really matter. If your risking 3% of $100 or 3% of $1,000,000 its the same risk percentage. However if we are getting emotional maybe we're risking money that ...

Roadmap - A Way To Read Markets

Not sure i follow 100%. I think i may have not been very clear in my previous post. The image on the left shows multiple potential entries and how i would place my stop just above that small swing for each "potential" entry (i would not have 4 open ...

Roadmap - A Way To Read Markets

how did you decide where to place your stoploss/where do you place it? My stops are typically very tight with 3-5 pips above/below swing. Adding spread when needed. I may do more if we are close to support resistance or a large number. Also if i ...

Roadmap - A Way To Read Markets

It is Stochastics. I don't use it much any more. However when i first started the Roadmap system it helped me filter trades. I use K: 8, D: 3, Slowing: 5. I only show the D(Signal) line. Its nice to see a entry with convergence/divergence. But i ...

Roadmap - A Way To Read Markets

Couple trades today and off for the rest of the week. If you look at AUD/USD you can see its getting stronger over the last few days while EUR/USD is still fairly weak which was another reason i was looking for EA to drop. Also AU had pretty much ...

Roadmap - A Way To Read Markets

I will have to hold off on a thread at this time. I would like to but right now I'm spending most of my free time with the family or reviewing charts. However I will try to chime every now and then. Added one of my old statements from the simulator. ...

Roadmap - A Way To Read Markets

I don't get on Forex Factory much other than to check upcoming news these days. Recently I noticed a few PM's and apologize for not seeing them sooner. In general, they were simply asking on any tips or advice that may help them get where they need ...

Roadmap - A Way To Read Markets

I went dark for a few months reviewing about 15 years of chart data. If I recall I had a 55% hit rate with a purely mechanical approach for the RoadMap. Of course that doesn't mean others wouldn't have a higher hit rate. Its just what I got with ...

Roadmap - A Way To Read Markets

Have a great weekend everybody image

Roadmap - A Way To Read Markets

EURUSD. 3 Entries with one stop out. 1s entry was aggressive based off the bounce at 1.19500. Entries 2 and 3 a bit more conservative and inline with Roadmap. But note the 200SMA was still overall down. I really like the bounce off the 50EMA (or ...

Roadmap - A Way To Read Markets

GBPCAD Trade. Once it cleared the daily open line went back to sleep and woke up with TP hit (1.72000). image

Roadmap - A Way To Read Markets

To me NZD/USD is range/wedging. And nobody likes a wedgie . I find the road map rules work best when applied in trending conditions. Also RSI is right on 50. I use a preferred of 60+ for longs and 40- for shorts for non aggressive entries. No ...

Roadmap - A Way To Read Markets