High Probability Insight: Day-Trade Daily Momentum on M1/M5TF | Page 11 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Daily Trading Strategy [ADR + RSI = High Probability] 904 replies

High probability trade setups for day trades and swing trades 4 replies

What is a 'high probability' trade? 7 replies

High Probability Trade Setups 212 replies

what can keep a working strategy to always have a high probability to win each trade? 9 replies

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

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

  • #201
  • Sep 24, 2015 5:21pm Sep 24, 2015 5:21pm
Daily quote: "Knowing is not Enough, we must APPLY; Willing is not Enough, we must DO." Bruce Lee
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #202
  • Sep 25, 2015 5:55am Sep 25, 2015 5:55am
  • #203
  • Sep 25, 2015 12:11pm Sep 25, 2015 12:11pm
This is a globalized Market, don't rely too much on your Technical Analysis skills, its best to follow the Central Bankers. The Fed still intends to raise its benchmark interest rate this year. Labor Market conditions were improving and the Fed expected INFLATION to follow... I expect USD to strengthen by next week....Have a great Friday y'all!
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #204
  • Sep 25, 2015 1:25pm Sep 25, 2015 1:25pm
Quoting balance001
How was your trading day this week mate?
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #205
  • Sep 25, 2015 1:41pm Sep 25, 2015 1:41pm
Note: I just added a Trade Explorer on this thread, and I will be testing the Business Plan. It's going to be a lot of pressure to double a $10,000 Demo Account every week, but I will give it a shot and hopefully some of you can see how simple this System is.....

Have a Great weekend Traders!!

Next week is going to be a great Week!

OctaveJay
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #206
  • Sep 25, 2015 1:44pm Sep 25, 2015 1:44pm
Looking forward to it!
  • #207
  • Sep 25, 2015 2:06pm Sep 25, 2015 2:06pm
Hai Sir, im a new trader. Thanks and appreciate for your generous sharing. I am trying on it see hows going. TQ
  • #208
  • Sep 25, 2015 3:02pm Sep 25, 2015 3:02pm
Quoting Axel
Looking forward to it!
No Problem! Let's get the Pips Party started next week...

Later

Jay
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #209
  • Sep 25, 2015 3:04pm Sep 25, 2015 3:04pm
Quoting Uniubi
Hai Sir, im a new trader. Thanks and appreciate for your generous sharing. I am trying on it see hows going. TQ

Great!

I was once a new Trader....Just keep learning the system and study it until it fits your Trading Style....

Feel free to ask questions whenever you can.

Jay
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #210
  • Sep 26, 2015 3:28am Sep 26, 2015 3:28am
Quoting OctaveJay509
{quote} Great! I was once a new Trader....Just keep learning the system and study it until it fits your Trading Style.... Feel free to ask questions whenever you can. Jay

Ok. Thank you for willing to help . Have a good day to u.
  • #211
  • Sep 26, 2015 5:06am Sep 26, 2015 5:06am
Hai, 2 question of setting indicator please.

a) Do i need to enable "Allow DLL imports* ?
b) What visualization require to set if i always use M5 chart?

Thank you.
  • #212
  • Sep 26, 2015 5:40am Sep 26, 2015 5:40am
Quoting OctaveJay509
{quote} Hi LL, When it comes to trading the Forex Market the right way, we have to be able to differentiate the Overall Market Trend and the Daily Market Sentiment, and more too often we get to a situation where the 4Hour TF or Daily TF is Bullish while the M30TF is Bearish. This type of situation creates a lot of confusion amongst Traders like us, and because of that, we ended up picking the Wrong Direction of the Market during a specific Session.... With that Strength Scale Indicator, we now have the ability to see and know exactly what are the...
Hi OctiveJay

Congarts on the thread.

Do you know what indicator the currency meter is based upon, for example moving averages, MACD? Do the strength/weakness readings change based upon what time frame the meter is viewed? For example, I look at the meter on the 15M chart and 4 hr chart will I see the same currencies listed with the same levels of strength and or weakness.
  • #213
  • Sep 26, 2015 1:55pm Sep 26, 2015 1:55pm
Quoting Uniubi
Hai, 2 question of setting indicator please. a) Do i need to enable "Allow DLL imports* ? b) What visualization require to set if i always use M5 chart? Thank you.


Hey Mate,

a) Yes, you have to enable it.

b) It doesn't matter what Timeframe you use, you will get the same data information for your Currency Pairs on that Indicator.

Feel free to ask any more questions!

Jay
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #214
  • Sep 26, 2015 2:43pm Sep 26, 2015 2:43pm
Quoting ozziedave
{quote} Hi OctiveJay Congarts on the thread. Do you know what indicator the currency meter is based upon, for example moving averages, MACD? Do the strength/weakness readings change based upon what time frame the meter is viewed? For example, I look at the meter on the 15M chart and 4 hr chart will I see the same currencies listed with the same levels of strength and or weakness.
Thanks OzzieDave,

I think that this indicator is based on Market Volatility and Order Flow, and honestly it's very hard for me as a trader to rely on any lagging indicators at this point...I only use some of them for Confirmation, but I have to know the Trend first through that Strength Scale Indicator.....

Your Time-frame has nothing to do the Information you getting from the Indicator, whether you use the M1TF or Monthly TF, you will still get the same data Information.....
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #215
  • Sep 26, 2015 4:28pm Sep 26, 2015 4:28pm
Hello Jay,
I am following your thread avidly and learning a lot. I want to move from binary options to proper trading. I am reading up and attending webinars when I have time from my work.
I use the strength indicator and had noticed you use Awesome indicator.
1. Is there a book that can teach me the basics of how to place my trades....demo. I have learnt most of the terminology and still learning. A really basic book, then i can go from there?
2. Do you recommend I buy the Awesome indicator? I did buy the profit supreme indicator which came with the strength signal.
My background is science but the markets now fascinates me.
Many thanks as always
  • #216
  • Sep 26, 2015 11:00pm Sep 26, 2015 11:00pm
Quoting OctaveJay509
{quote} Thanks OzzieDave, I think that this indicator is based on Market Volatility and Order Flow, and honestly it's very hard for me as a trader to rely on any lagging indicators at this point...I only use some of them for Confirmation, but I have to know the Trend first through that Strength Scale Indicator..... Your Time-frame has nothing to do the Information you getting from the Indicator, whether you use the M1TF or Monthly TF, you will still get the same data Information.....
Thanks for the answer Octavejay..I will try it out next week.
  • #217
  • Sep 27, 2015 12:36pm Sep 27, 2015 12:36pm
Quoting OctaveJay509
Note: I just added a Trade Explorer on this thread, and I will be testing the Business Plan. It's going to be a lot of pressure to double a $10,000 Demo Account every week, but I will give it a shot and hopefully some of you can see how simple this System is..... Have a Great weekend Traders!! Next week is going to be a great Week! OctaveJay
I joined this thread to take advantage of the great insight. I dont post much but look forward to seeing your results but also if I am able to contribute to the thread will do.
  • #218
  • Sep 27, 2015 9:41pm Sep 27, 2015 9:41pm
Quoting laylan001
Hello Jay, I am following your thread avidly and learning a lot. I want to move from binary options to proper trading. I am reading up and attending webinars when I have time from my work. I use the strength indicator and had noticed you use Awesome indicator. 1. Is there a book that can teach me the basics of how to place my trades....demo. I have learnt most of the terminology and still learning. A really basic book, then i can go from there? 2. Do you recommend I buy the Awesome indicator? I did buy the profit supreme indicator which came with...
Hi Laylan001,

Thanks for getting involved from time to time, and I think that you are doing great for just following this thread...There's a lot of information out there, but you don't need to know everything to make money in this Market....

Since you want to move from Proper Trading, this is the right time for you to keep using your Demo Account until you feel comfortable on your own to make Trading Decisions with no hesitation....The smallest thing you can learn right now is to Identify Support and Resistance levels and understand how a Support level can turn to a resistance level or vice versa.

I highly recommend that you use my template and all my indicators that I posted here, and that Awesome indicator is free on the MT4 platform. By the way, you are better off watching Training Videos instead of reading books, too many options....Please, take everything one step at a time, you will be amazed to know how much you have learned in the next few weeks or so....

Keep it simple:
Learn to identify a Bullish Trend, a Bearish Trend, a Sideways Market, Support and Resistance Levels, then Fibonacci Ratios (My Favorite. LOL)

Feel free to ask more questions whenever you can!

OctaveJay
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #219
  • Sep 27, 2015 9:43pm Sep 27, 2015 9:43pm
Quoting ozziedave
{quote} Thanks for the answer Octavejay..I will try it out next week.
You are welcome Ozziedave!

I look forward to seeing some of your results and your excitement for this System.....

Jay
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #220
  • Sep 27, 2015 9:46pm Sep 27, 2015 9:46pm
Quoting gofishin
{quote} I joined this thread to take advantage of the great insight. I dont post much but look forward to seeing your results but also if I am able to contribute to the thread will do.
No Problem Gofishin!

Any Contribution will be greatly appreciated...I look forward to learning from your experience as well....We tend to learn more from our mistakes, and don't be afraid to share some of your mistakes mate....

Octave Jay
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
4 traders viewing now