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High Probability Insight: Day-Trade Daily Momentum on M1/M5TF

  • #1,961
  • Jan 15, 2018 8:21pm Jan 15, 2018 8:21pm
Monday, January 15th 2018 @ 10:19pmCST

Current Market Condition/Sentiment:

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,962
  • Jan 15, 2018 9:05pm Jan 15, 2018 9:05pm
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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,963
  • Jan 16, 2018 8:05pm Jan 16, 2018 8:05pm
Tuesday, January 16th 2018 @ 10:05pmCST

Current Market Condition/Sentiment:

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,964
  • Jan 16, 2018 8:33pm Jan 16, 2018 8:33pm
KEY UPCOMING NEWS EVENTS: (Wednesday, January 17th 2018):


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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,965
  • Jan 31, 2018 2:44pm Jan 31, 2018 2:44pm
Potential Trend Reversal (Short-Term Trade Setup):

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,966
  • Feb 16, 2018 10:23am Feb 16, 2018 10:23am
dude...we need to put our brains together and come up with a winning strategy. Im tired of losing money.ive been playing with technical analysis since 2003 and have yet to make a consistant profit. sounds discouraging huh. i know how to invest but i dont know how to trade. huge difference.like as things are going right now in equity market we could see a recession in jan of 2019.but thats if we stay the course. stop banging your head against the wall. face it ur strategy isnt working...one thing i do have to say thats positive is your consistant with your plans. but if dont work dont mess with it.we have to find from our experience what is consistant in technical analysis.find some little thing that works everytime no matter how unmeaningfull. if your interest in sharing idead let me know. good luck..laters
  • #1,967
  • Feb 16, 2018 10:27am Feb 16, 2018 10:27am
Quoting thjw
dude...we need to put our brains together and come up with a winning strategy. Im tired of losing money.ive been playing with technical analysis since 2003 and have yet to make a consistant profit. sounds discouraging huh. i know how to invest but i dont know how to trade. huge difference.like as things are going right now in equity market we could see a recession in jan of 2019.but thats if we stay the course. stop banging your head against the wall. face it ur strategy isnt working...one thing i do have to say thats positive is your consistant...
Would you be open to joining a Whatsapp group where we have discussions and share our positions in a LIVE environment?
  • #1,968
  • Feb 21, 2018 7:58am Feb 21, 2018 7:58am
Quoting thjw
dude...we need to put our brains together and come up with a winning strategy. Im tired of losing money.ive been playing with technical analysis since 2003 and have yet to make a consistant profit. sounds discouraging huh. i know how to invest but i dont know how to trade. huge difference.like as things are going right now in equity market we could see a recession in jan of 2019.but thats if we stay the course. stop banging your head against the wall. face it ur strategy isnt working...one thing i do have to say thats positive is your consistant...
Speak for yourself bro, I took a little break from trading because I had other businesses that required my full attention. Now that they are self fulfilling I have time to dabble back and start to multiply my accounts again. Sounds like you have never crossed the mental line that held me down for so many years. I lost money from 2008 to late 2013. I too started thinking that this game was fake and so was the people in it. Then I picked up Market wizards and watched almost every video I could find on my style of trading and realized this is a game of odds and probabilities. "Its legal gaming". That's when I started watching a ton of videos on risk management and now all I do is wait for high probability setups that gives me good reward to my risk. I pieced up multiple strategies and created my own, the one in this thread included. I think of what I will loose b4 what I will make before going into EVERY trade. Trading is a lot more boring than I thought it would be but I still love it. It doesn't make sense to knock someones strategy because at the end of the day we are all just making an educated guess, Yes even the multi million dollar pros are just guessing. The pic is for this month... Hope you succeed with your mental, later.
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  • #1,969
  • Feb 25, 2018 12:38pm Feb 25, 2018 12:38pm
Quoting thjw
dude...we need to put our brains together and come up with a winning strategy. Im tired of losing money.ive been playing with technical analysis since 2003 and have yet to make a consistant profit. sounds discouraging huh. i know how to invest but i dont know how to trade. huge difference.like as things are going right now in equity market we could see a recession in jan of 2019.but thats if we stay the course. stop banging your head against the wall. face it ur strategy isnt working...one thing i do have to say thats positive is your consistant...
A winning Strategy? What does that mean? How do you define a Winning Strategy? A 55% win rate or 99.99% win rate?

Jon, My strategy has nothing to do with your level of success or failure, and this is why i never take credits on anyone's success.
Your Level of commitment and your ability to succeed in this market(GAME) has a lot to do with your Level of Imagination, because
your imagination creates your current state of mind or your own reality......

On page 1 of this thread, I laid out the "Trade Logic", and it was as simple as ABC.

#1 Identify the Current Market Trend or Market Sentiment
#2 Wait for the Exact Signal that matches the Trend
#3 Execute the Trade

To be honest with you, there are many layers on the three steps, and the fact that you have been trading since 2003, you are already
know what you needed to know about technical Analysis and clearly Fundamental Analysis was a foreign language to you and a lot of
other traders out there including myself. So, I had to break it down over time while i was still learning Fundamental Analysis.

Now, the last step boils down to Trading psychology which is "Executing a Trade". There is a reason why we have hundred of books
on Trading psychology and Mindset. And if I could paraphrase Myke3295, Trading is all about risks and probabilities.

Here's the secret:
Nobody knows where the market is going at any given moment, we can only speculate based on our Market Bias.

The Approach of my Strategy is the ONLY WAY to trade the market, because it embraces Technical Analysis, Fundamental Analysis and
Trading Psychology.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,970
  • Feb 25, 2018 1:04pm Feb 25, 2018 1:04pm
As a reminder, this is what your Subconscious needs to see before processing a THOUGHT.

IF ( Trend and Sentiment are in the same Direction) THEN ( I will look for Same Direction Entry on Lower TF)


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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,971
  • Mar 1, 2018 2:15pm Mar 1, 2018 2:15pm
Quoting OctaveJay509
{quote} A winning Strategy? What does that mean? How do you define a Winning Strategy? A 55% win rate or 99.99% win rate? Jon, My strategy has nothing to do with your level of success or failure, and this is why i never take credits on anyone's success. Your Level of commitment and your ability to succeed in this market(GAME) has a lot to do with your Level of Imagination, because your imagination creates your current state of mind or your own reality...... On page 1 of this thread, I laid out the "Trade Logic", and it was as simple as ABC. #1 Identify...
Dude...I think my post was misunderstood. I wasnt doggin your system.I was responding to your own words to your equity curve is all. PEACE
  • #1,972
  • Mar 8, 2018 9:25pm Mar 8, 2018 9:25pm
Quoting myke3295
{quote} Speak for yourself bro, I took a little break from trading because I had other businesses that required my full attention. Now that they are self fulfilling I have time to dabble back and start to multiply my accounts again. Sounds like you have never crossed the mental line that held me down for so many years. I lost money from 2008 to late 2013. I too started thinking that this game was fake and so was the people in it. Then I picked up Market wizards and watched almost every video I could find on my style of trading and realized this...
Thats great Mike.Glad your having success.I agree with you on risk reward.
  • #1,973
  • Mar 14, 2018 5:26pm Mar 14, 2018 5:26pm
Here is an indicator you might want to experiment with. It has to do with the direction and over valued under value of a currency pair.
You've prob seen it but I thought you might like to try it out.
Attached File(s)
File Type: ex4 CCFp mtf 7 alerts 2.03.ex4   125 KB | 383 downloads
  • #1,974
  • Mar 24, 2018 8:29am Mar 24, 2018 8:29am
Quoting thjw
{quote} Dude...I think my post was misunderstood. I wasnt doggin your system.I was responding to your own words to your equity curve is all. PEACE
No Worries Bud!!!
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,975
  • Mar 24, 2018 10:07am Mar 24, 2018 10:07am
Random Weekly Insights (March 25th - March 30th, 2018)


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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,976
  • Mar 24, 2018 10:13am Mar 24, 2018 10:13am
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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,977
  • Mar 24, 2018 10:18am Mar 24, 2018 10:18am
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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,978
  • Mar 24, 2018 10:21am Mar 24, 2018 10:21am
My Potential Weekly Setups (March 25th - March 30th, 2018)

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,979
  • Apr 5, 2018 6:52am Apr 5, 2018 6:52am
OctaveJay what do you think the longer term future direction is for EUR/USD? Looks like fed powell will raise rates regardless of the tariffs.
My guess is down as of yesterdays bloomberg article.
  • #1,980
  • Apr 7, 2018 4:36pm Apr 7, 2018 4:36pm
Quoting thjw
OctaveJay what do you think the longer term future direction is for EUR/USD? Looks like fed powell will raise rates regardless of the tariffs. My guess is down as of yesterdays bloomberg article.
To be honest with you, I really don't know how the Tariffs talks are going to affect the Forex Market, because
in one hand, Donald Trump is acting tough, pretending that he knows what he's doing, and behind the scene,
he's begging the Chinese government to go along with his non-sense rhetoric.

At the end of the day, the market will eventually balance things out and give us more opportunities to trade at
ease....Fed Powell will continue to raise rates and hopefully make a name for himself....

From a Technical Standpoint, EURUSD is still Bullish on the Weekly Chart, but I do notice some Exhaustion Candles.
So, if Price Action fails to break above 1.25 in the next 3 weeks, we might see a DOWNTREND like you said....
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
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