Do you take this signal also to step out of a trade when you are not in profit (or do you solely focus on the EMA channel to cross the SMA to prove you wrong)? Thanks for the tip!

Roadmap - A Way To Read Markets

Thanks, your feedback is greatly appreciated.... 130 pip gain is unfortunately gone by now (USD/CAD brought me today a -125 pip loser ). Luckily this is DEMO and these are goods learnings, two lessons for now: A) Setting the stop too ...

Roadmap - A Way To Read Markets

-44 pips on my CADJPY short. Lesson learned: I put my SL way too conservative, price already return almost to my entry price. Should give it much more breathing space to the trade (even though I can't monitor it that much). image

Roadmap - A Way To Read Markets

Correct, I was not around at the screen. You are right, the ADR high would had be a good point to lock profit in. I am amazed about how even ‘less good entries’ and ‘less good exits’ work out well and the simplicity of just screening the charts in ...

Roadmap - A Way To Read Markets

Busy day and almost no time for screening on new positions. Closed GPBNZD manually: +130 pips image Will catch up reading this thread hopefully by tomorrow morning.

Roadmap - A Way To Read Markets

Summary: Started this week on demo: 2 winners, 2 losers & 4 open positions mostly from the 4H charts. Goal for me at first is to get feeling for the setups and if that fits my trading. Even though I took some poor entries, I am quite satisfied ...

Roadmap - A Way To Read Markets

Thanks for pointing this out, somehow I used to believe RSI should be below 50 for long setups and vice verca for sell trades.

Roadmap - A Way To Read Markets

Thanks. I was just reading the strategy once more on the rules / strategy with respect to the RSI... are you sure it is important if it rising to the 50 line? The way I perceived the RSI: - Below 50 is bias for long - Above 50 is bias for short.

Roadmap - A Way To Read Markets

Thanks Laura, Patje, For my understanding, it could also become a channel trade in case the channel does not hit the SMA.... right? In any case I should have waited a bit more for confirmation, learning while practicing!

Roadmap - A Way To Read Markets

Took this buy trade on GPB/NZD from the H4 chart. However I noticed the channel is still approaching the SMA.... did I entered this one too early? Appreciate all the support in this thread! image

Roadmap - A Way To Read Markets

Very quick scalp on E/U after work

Roadmap - A Way To Read Markets

I will be exploring in demo coming period which trading style suits me the most, the main challenge I have is to combine my fulltime job with trading. My idea is to scan for example every 4h after candle closure for a chart setup. LauraT: can you ...

Roadmap - A Way To Read Markets

This helps, thanks a lot!

Roadmap - A Way To Read Markets

Appreciate your insights! I am trading demo to learn as much as possible before going into a small live account... EU did not work out unfortunately, price hit the SL. Would you now wait for retracement back to lower band and look for buy ...

Roadmap - A Way To Read Markets

You mean the retrace is happening now (where current box is): would you take this one? For SL: previous high (just above the SMA) For TP: previous daily low Or would you adjust the SL/TP differently? Perhaps for TP looking at when price is below the ...

Roadmap - A Way To Read Markets

The EU price went further down, are you still looking for a retrace to the upper band or let this trade go?

Roadmap - A Way To Read Markets

Subscribed! Appreciate the setup explanation, trade examples and the approach to focus on channel trades & channel failures.. Will closely follow this thread.

Roadmap - A Way To Read Markets

Nice work! I am playing around as well with the telegram bot... However I keep stuck with the error message: "Error: URL does not allowed for WebRequest". Did you encounter this issue as well? I try to add the following, but didnt help: image ...

Creating bots for Telegram in MQL5

Thankyou, I appreciate your help.

Monthly Profit - Daily Trading using SMA

Hello all, I am very excited to take part in this strategy, aiming to learn a lot and eventually becoming a contributor and help others (someday in the narrow future ) For now I have two questions: 1: I triggered EUR/CHF 12 hours ago after the ...

Monthly Profit - Daily Trading using SMA