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

  • #21
  • Sep 13, 2015 9:55pm Sep 13, 2015 9:55pm
EUR/USD Update:

EUR/USD has been very quiet right now, simply because EUR and USD show weaknesses on the Strength Scale...

Honestly, there's nothing I can do...I can either get stopped out with a loss or make some money to cover
my loss on EUR/CAD.....

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 123 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #22
  • Sep 13, 2015 10:02pm Sep 13, 2015 10:02pm
Daily Tips:

I might not be able to trade all 3 Sessions, but I think that it only makes sense to trade:

All AUD Pairs during Asian Session

All GBP Pairs during London Session

All EUR Pairs during New York Session

Since I live in the U.S, I will be more Focused on New York Session, and Sometimes Trade London Session
when we have Major News Event in the U.K

P.S This week is going to be very Busy with High-Impact News, and I can't wait to trade some of them Live....
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #23
  • Sep 13, 2015 10:17pm Sep 13, 2015 10:17pm
A quick Update

EUR/CAD, M5TF - Long Trade Live

Entry @ 1.50210 | SL: 1.49875 | TP: 1.51669
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 133 KB


Note: I have decided to place a Long Position on EUR/CAD again, and Let's see how it turns out.....
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #24
  • Sep 13, 2015 10:20pm Sep 13, 2015 10:20pm
Looks very interesting but not sure what I'm doing wrong in applying the meter you have posted to my chart:

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 79 KB


Or is your indi supposed to go in the EA folder?
Enter Signature
  • #25
  • Sep 13, 2015 10:24pm Sep 13, 2015 10:24pm
Quoting san99
Looks very interesting but not sure what I'm doing wrong in applying the meter you have posted to my chart: {image} Or is your indi supposed to go in the EA folder?

Do you have a U.S Broker or some International Broker?

The Indi should go on the Indicators Folder.....
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #26
  • Sep 13, 2015 10:28pm Sep 13, 2015 10:28pm
NZD Momentum has changed to BEARISH, and it is the same for AUD Pairs.....

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 132 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #27
  • Sep 13, 2015 10:42pm Sep 13, 2015 10:42pm
I am going to take a quick Break in the Market, and I will be Back during the London Session.....

During the first day of each week, London Traders have tendencies to tell us where they want to move
the Market for the rest of the Week...

In order words, I need more Data to make Better Decision, and I am not a fan of Constant Fluctuations
in the Market....

Fluctuation in my opinion is the idea where most traders don't know what they are doing in the Market,
so they keep buying for one moment and change their mind to start Selling......

It's so Frustrating, and this is why most of us tend to have a hard time to trade this Market....

With the Strength Scale Indi, you now have the ability to reduce the randomness in the Market, and have
more reasons to trade at ease....

Make no mistakes, you will have losses from time to time, but it's not going to bother you or be Emotional
about it...
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #28
  • Sep 13, 2015 10:43pm Sep 13, 2015 10:43pm
Quoting san99
Looks very interesting but not sure what I'm doing wrong in applying the meter you have posted to my chart: {image} Or is your indi supposed to go in the EA folder?
Your broker has a dot suffix for all your pairs ... The tool must be set accordingly.
MT4/MT5 EAs/Indicators/Alerts coder
  • #29
  • Sep 14, 2015 12:55am Sep 14, 2015 12:55am
Yeah I got the same problem with the indicator: I got no place to put my suffixes and hence cannot use it yet. I might also add that a template and a thorough explanation of how you use the other indicators on the template for entry, exit, and stop would go a long way toward explaining your method. Putting this info on the first post would entice more people to take this thread seriously. Some people will undoubtedly ask for a trade explorer to better show your results. The fact that you showed a losing trade that didn't go to break even when it should suggests to me that you might consider a trade manager EA that moves it automatically at specified price level. It also suggests to me that your effort is genuine because most people won't post losing trades in the first place.

I would however, like to commend you for your efforts so far in diving into your own thread. Good Luck.

Sincerely,

LL
"IN CASH WE TRUST"
  • #30
  • Sep 14, 2015 1:21am Sep 14, 2015 1:21am
Hi OctaveJay509, I live in England, UK and I am a Newbie in trading.I am interested in Binary Options at the moment. I am going to follow your thread closely as I have a feeling you are genuine and kind of know what you doing. Any advice in this regard will be greatly appreciated.

Thank you
  • #31
  • Sep 14, 2015 1:50am Sep 14, 2015 1:50am
Quoting FerruFx
{quote} Your broker has a dot suffix for all your pairs ... The tool must be set accordingly.
Hey FerruFx,

Thanks for your Technical Support, and it seems like whenever someone uses this Indi from non-US broker, they do have the same problem...

My solution is to get a Demo Account from a U.S Broker, and utilize the Information from there to trade on Real Money Account.....
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #32
  • Sep 14, 2015 1:59am Sep 14, 2015 1:59am
Quoting san99
Looks very interesting but not sure what I'm doing wrong in applying the meter you have posted to my chart: {image} Or is your indi supposed to go in the EA folder?
You must also make sure that you have all of the symbols available in your Market Watch window for the indicator to work properly. Right click on the Symbol Header in your Market Watch window and click on SHOW ALL. This will load all of the available symbols. If you now have all of the symbols required by the indicator you have to make sure that any suffixes are properly input into the indicator (in your case it appears as if you have a . (period) suffix).

GREEN pips
  • #33
  • Sep 14, 2015 2:03am Sep 14, 2015 2:03am
Quoting OctaveJay509
{quote} Hey FerruFx, Thanks for your Technical Support, and it seems like whenever someone uses this Indi from non-US broker, they do have the same problem... My solution is to get a Demo Account from a U.S Broker, and utilize the Information from there to trade on Real Money Account.....
San99's issue isn't related to broker ... but to missing suffix in the indicator hard coded symbols.
MT4/MT5 EAs/Indicators/Alerts coder
  • #34
  • Sep 14, 2015 2:09am Sep 14, 2015 2:09am
Quoting laylan001
Hi OctaveJay509, I live in England, UK and I am a Newbie in trading.I am interested in Binary Options at the moment. I am going to follow your thread closely as I have a feeling you are genuine and kind of know what you doing. Any advice in this regard will be greatly appreciated. Thank you
Hi Laylan001,

Thank you very much for stopping by here and I honestly appreciate your kind words...Trading Binary Options can be
very exciting and Fun, but at the same time Frustrating...As an individual, your job is to understand the cause
of your frustration and make it work for your own benefits....

In order for you to find great Success in Binary Options, you truly need to understand how to read a Price Chart, Identify
support and resistance levels, market Structure and much more....

The Strength Scale Indicator will give you an idea about the Current Trend, but you still need to know if Price is at Resistance
or Support Level Areas....

This thread is not going to be dedicated for Binary Options, but you can always follow it for tips and knowledge to better yourself
in the Forex Market.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #35
  • Sep 14, 2015 2:13am Sep 14, 2015 2:13am
Quoting FerruFx
{quote} San99's issue isn't related to broker ... but to missing suffix in the indicator hard coded symbols.
Understood!

This might be too much to ask, but do you have any screenshot on what needs to be done FerruFX? I would really appreciate it!
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #36
  • Sep 14, 2015 2:14am Sep 14, 2015 2:14am
Quoting SmoothTrader
{quote} You must also make sure that you have all of the symbols available in your Market Watch window for the indicator to work properly. Right click on the Symbol Header in your Market Watch window and click on SHOW ALL. This will load all of the available symbols. If you now have all of the symbols required by the indicator you have to make sure that any suffixes are properly input into the indicator (in your case it appears as if you have a . (period) suffix). GREEN pips
Nice Work SmoothTrader!

Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #37
  • Sep 14, 2015 2:40am Sep 14, 2015 2:40am
Hi OctaveJay509,
Thank you for your quick reply. I am currently attending a webinar on the basics of Financial trading. My background is Science but the market now fascinates me. I shall put good effort in this and as mentioned before, will follow all your thread closely.

God bless you
  • #38
  • Sep 14, 2015 2:40am Sep 14, 2015 2:40am
Quoting LazyLobster
Yeah I got the same problem with the indicator: I got no place to put my suffixes and hence cannot use it yet. I might also add that a template and a thorough explanation of how you use the other indicators on the template for entry, exit, and stop would go a long way toward explaining your method. Putting this info on the first post would entice more people to take this thread seriously. Some people will undoubtedly ask for a trade explorer to better show your results. The fact that you showed a losing trade that didn't go to break even when it...
Hey LL,

Thanks for your insight, and it has been greatly appreciated...I am planning on providing a Template very soon,
but I am still working on it right now...As usual, I don't trade on Sunday Nights, I just wanted to provide some
examples since I just started this thread right around the Sunday Open...

This Method is based on Daily Market Momentum which means anybody can use their own System/Template to
take advantage of this Concept...The Purpose of this thread is to help Traders have a clear Market Bias before placing
any Trades...

The last thing I would want is for people to think that my system is the Greatest System....I showed the Loss trade
for a reason, we tend to learn more about our losses, and that loss was calculated and it didn't bother me before I was
following my rules based on a mathematical reasoning....

Honestly, I don't like to trail my Stop because I want to implement a very good Risk Management on all my trades. It
could have been nice to move my Stop at break-even, but I wasn't there to do that....
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #39
  • Sep 14, 2015 2:43am Sep 14, 2015 2:43am
It will populate on FXCM live. Will not populate on on Tradersway demo suffex (i), nor Tallinex live suffex (ecn)
  • #40
  • Sep 14, 2015 2:44am Sep 14, 2015 2:44am
Hi,OctaveJay509 !
Pls, attach template and indi... thanks.
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