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EURUSD Road Map (KISS System)

author EAcpu | 5 reads | 0 comments |
Hello everyone and welcome to my EURUSD Roadmap topic. The roadmap as the name suggests is a possible guide to EURUSD movements and repeating patterns, this is a method I have developed based on trading experience, testing and some luck, having been able to draw a roadmap before, in order to keep the roadmap relevant to current market conditions it will be updated regularly with changes proposed. There are some rules to follow for this to work, I'm still testing its success rate and establishing its rules to validate or invalidate settings. This thread is set up so that people can look at it, test the rules and settings, and ultimately benefit them in trading if it does work well.

My trading philosophy - KISS
I always believe in keeping things simple and easy to understand, the easier it is to understand, the faster you can make trading decisions. However, experience will definitely have an impact on your ultimate goals.

Thread target?
Create a complete and easy-to-follow roadmap and focus on just one currency. This will ignore our candlestick readings and other unnecessary indicators that can cause confusion.

Why a single currency?
For a single currency, it allows thread contributors to post and review each other's methods since the final view should be the same.

Success rate?
I don't fully understand the success rate, so I created this thread to test the success rate and build it into a successful trading method for EURUSD.

So where is the road map?
I will be posting diagrams periodically and eventually a roadmap with the required setup.

Develop a roadmap:

Usage time: 15 minutes

Trading platform: any platform

Trade Trigger: After London Open

Indicators: None, requires drawing tools

Transaction validity period: up to 1-2 days (mostly intraday)

Stop loss: based on settings

Some useful MT4 indicators (please note that this indicator was created by someone else and credit where due):
- DOSR (opening price, support level, resistance level):
appendix
[EX4] DOSR.ex4 11 KB | 703 downloads | Uploaded at 1:48 on October 10, 2015

- 5 days SR:
appendix
[EX4] 5 days SR.ex4 6 KB | 669 downloads | Uploaded at 1:50 on October 10, 2015

- Danish trend line:
appendix
[EX4] TL_by_Demark_v6 Print Deleted.ex4 15 KB | 668 downloads | Uploaded at 1:52 on October 10, 2015


We do not have to use these indicators in the setup nor do these indicators form the following setup since it is a manually drawn system.

[EUR/USD Roadmap Version 1]
Attached picture (click to enlarge)
Click to Enlarge

Name: Screenshot1.png
Size: 1.2 MB

^ 10.00 is my broker's time, which is different from London market opening time due to day saving time. My time is 3pm [GMT+8]



This is
- The holy grail of trading, it only brings additional possibilities to our trading
- for news trading (yet to testify during news events)
- for everything not stated

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Attachment to original post (3)

Verification code Refresh