High Probability Insight: Day-Trade Daily Momentum on M1/M5TF | Page 15 | 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

  • #281
  • Oct 1, 2015 2:14pm Oct 1, 2015 2:14pm
Well reading the thread which after all is only 14 pages would give you the answer.
  • #282
  • Oct 1, 2015 2:23pm Oct 1, 2015 2:23pm
Quoting KevinSt9
Hi, Where can I get a copy of the "deep bar indicator" & "npcp_htchopfree "? Many thanks!

Here's a screenshot buddy...

Attached Image (click to enlarge)
Click to Enlarge Name: Paperclip.png Size: 72 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #283
  • Oct 1, 2015 2:24pm Oct 1, 2015 2:24pm
Quoting handy148
Well reading the thread which after all is only 14 pages would give you the answer.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #284
  • Oct 1, 2015 2:40pm Oct 1, 2015 2:40pm
Quoting OctaveJay509
​BoJ Official: Little Immediate Need For Additional Stimulus Seen I am not sure if this is a real News or Rumor, but I noticed EUR is the Strongest right now, so I took a small Long Position on EUR/JPY. {image}
Hi Jay, could you please share the settings of your Fibonacci retracement tool. Thanks Macajos.
  • #285
  • Oct 1, 2015 2:53pm Oct 1, 2015 2:53pm
thanks OctaveJay.
kevinfxtrader blogspot com; 50 PIPS Per Day
  • #286
  • Oct 1, 2015 3:04pm Oct 1, 2015 3:04pm
Quoting macajos
{quote} Hi Jay, could you please share the settings of your Fibonacci retracement tool. Thanks Macajos.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2015-10-01 15.01.54.png Size: 95 KB


The window setting is too small, I can't make it any bigger to show everything... The Added ones are:

141.4

113

and the Negative

-38.2

-61.8

I hope you can figure it out mate.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #287
  • Oct 1, 2015 3:04pm Oct 1, 2015 3:04pm
Quoting KevinSt9
thanks OctaveJay.
You are welcome KevinST9!
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #288
  • Oct 1, 2015 3:06pm Oct 1, 2015 3:06pm
I am done for today guys....

I will try to make some trades around Non-Farm Payrolls tomorrow... I don't expect anything, but if there's Opportunity, I will go for it....

Have a good day yall!!


OctaveJay
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #289
  • Oct 1, 2015 3:24pm Oct 1, 2015 3:24pm
Quoting OctaveJay509
{quote} {image} The window setting is too small, I can't make it any bigger to show everything... The Added ones are: 141.4 113 and the Negative -38.2 -61.8 I hope you can figure it out mate.
Thanks got it mate.
  • #290
  • Oct 2, 2015 7:56am Oct 2, 2015 7:56am
Payrolls Rise Less Than Projected, U.S. Jobless Rate Steady

Payrolls rose less than projected in September, wages stagnated and the jobless rate was unchanged
as people left the workforce, signaling the global slowdown and financial-market turmoil are rippling
through the world’s largest economy.

The addition of 142,000 jobs followed a revised 136,000 gain the prior month that was lower than
previously estimated, a Labor Department report showed Friday in Washington.

The Jobless rate held at 5.1 percent, and wage growth was unchanged.

The weak report vindicates the Federal Reserve's decision to delay an interest-rate increase last month.
Cooling overseas Markets, a Stronger Dollar and Lower Oil Prices that are hampering exports and
manufacturing raise the risk that Employers will hesitate before taking on more staff.

For more reading Here.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #291
  • Oct 2, 2015 8:07am Oct 2, 2015 8:07am
Note: I didn't feel like trading today because of the two Positions Opened from yesterday.....I think that I
have survived Non-Farm Payrolls, and that was really funny to Watch.....

EUR/USD went Straight up, and USD/JPY went Straight Down, that gave EUR/JPY a beautiful Squeeze. HAHA

AUD/USD went straight up very quickly, and USD/CHF went Straight Down, that gave AUD/CHF a beautiful Squeeze as well...
but, I couldn't believe why this one went on my favor.


I didn't expect any correlation so beautifully designed like that, but I think my instinct chose the right Pairs to trade for this kind of News....

All praise to the Most High!!!!
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #292
  • Oct 2, 2015 8:09am Oct 2, 2015 8:09am
Last Update on AUD/CHF, M15TF

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2015-10-02 08.07.55.png Size: 97 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #293
  • Oct 2, 2015 8:10am Oct 2, 2015 8:10am
Last Update on EUR/JPY, M15TF:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2015-10-02 08.10.25.png Size: 96 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #294
  • Oct 2, 2015 8:29am Oct 2, 2015 8:29am
If there's any hope for a Non-Farm Payroll Trend Follow-up, I will be looking at them pairs till next week.

Strength Scale Update
Friday, October 2nd, 2015

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2015-10-02 08.25.22.png Size: 101 KB




1. EUR
2. CHF
3. JPY


6. CAD
7. AUD
8. USD
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #295
  • Oct 2, 2015 8:42am Oct 2, 2015 8:42am
My Potential Daily New York Watchlist :

1. EUR/USD, M5TF - Market Sentiment: Bullish - I will be looking to place a Long Trade Only
2. EUR/AUD, M5TF - Market Sentiment: Bullish - I will be looking to place a Long Trade Only
3. EUR/CAD, M5TF - Market Sentiment: Bullish - I will be looking to place a Long Trade Only

4. USD/CHF, M5TF - Market Sentiment: Bearish - I will be looking to place a Short Trade Only
5. AUD/CHF, M5TF - Market Sentiment: Bearish - I will be looking to place a Short Trade Only
6. CAD/CHF, M5TF - Market Sentiment: Bearish - I will be looking to place a Short Trade Only

7. USD/JPY, M5TF - Market Sentiment: Bearish - I will be looking to place a Short Trade Only
8. AUD/JPY, M5TF - Market Sentiment: Bearish - I will be looking to place a Short Trade Only
9. CAD/JPY, M5TF - Market Sentiment: Bearish - I will be looking to place a Short Trade Only


Trade Logic

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

Goals:

We are trying to make close to 25-50pips Profit per Trade, and look to risk between 15-25pips
(Stop-Losses are manageable when you trail them )

Note: The Daily Market Sentiment can change at any given moment, so it's best to follow the Current Trend and make some pips.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #296
  • Oct 2, 2015 12:30pm Oct 2, 2015 12:30pm
Hi Octavejay,

I am a newbie in trading and haven't done any live trading at all but I do have 3 demo account which I am trying to learn for the last 3 months now.
The moment I was introduced to forex, I told myself this is where i belong and this is where my talent fits perfectly in to.
For the last 7 yrs or so, I have hated being an employee doing some desk job. At the moment, I am still employed but planning to do full time trading in two years or less (crossing my fingers).

Call it providence or what but the last three months for me is like I am being guided and directed to the right path doing this stuff (some users here may laugh at me but it's fine) and that includes finding this thread..

I am an engineer by profession and my learning approach has always been "WHY" we are doing certain things rather than "HOW" to do it. Looking at the bigger picture like a bird's eye view before getting into the details and this thread of yours is one good contribution.

Thank you very much.

I will be dropping to this thread regularly and I hope to continue learning... I am still on the process of connecting the dots.
  • #297
  • Oct 3, 2015 1:23pm Oct 3, 2015 1:23pm
Quoting findurtalent
Hi Octavejay, I am a newbie in trading and haven't done any live trading at all but I do have 3 demo account which I am trying to learn for the last 3 months now. The moment I was introduced to forex, I told myself this is where i belong and this is where my talent fits perfectly in to. For the last 7 yrs or so, I have hated being an employee doing some desk job. At the moment, I am still employed but planning to do full time trading in two years or less (crossing my fingers). Call it providence or what but the last three months for me is like I...

Hello Findurtalent,

I commend you for taking the time to review this thread, and I have to say that you are in the right place
my friend...This is going to be the Opportunity for you to see how far can you go to challenge yourself in this
business and be the best trader you can be at the end.

The great thing about this thread is, you don't have to wait for my signal calls or secret tips, you will be in charge
to pick and choose what you want to trade that day based on your quick analysis....

The Blueprint has been established, and it's up to you to pick which Direction you want to go. I can't help you getting
rid of your emotions, but with this system or methodology, I can help you become a Great Risk Manager in Forex Trading.

Since, you are still in the process of connecting the dots, I think that you need to start by learning How to read Price
Action like a Book, and understand the nuances between Support and Resistance Levels, Trendlines, Counter-Trend Lines,
Divergences, Trends and Corrections....

I look forward to learning more from your Journey and I wish you all the best mate.....

By the way, thank you for stopping by!

OctaveJay
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #298
  • Oct 3, 2015 2:17pm Oct 3, 2015 2:17pm
Quoting OctaveJay509
{quote} Hello Findurtalent, I commend you for taking the time to review this thread, and I have to say that you are in the right place my friend...This is going to be the Opportunity for you to see how far can you go to challenge yourself in this business and be the best trader you can be at the end. The great thing about this thread is, you don't have to wait for my signal calls or secret tips, you will be in charge to pick and choose what you want to trade that day based on your quick analysis.... The Blueprint has been established, and it's up...
Hi Octavejay,

Many thanks for the tips and reaching a hand before even asking for it. I can't really explain it but I really feel deep inside this is where I belong. The last time I can remember I was challenged by something was when I was in college doing calculus. That never happened again until I was introduced to forex. Not primarily because of the money but because I am getting challenge of the system. Of course, money is also a factor :-). I don't notice the time passing by studying forex while time is like molasses when I am in the office :-).

I am doing a demo account now for the last 3 months and started to practice 1 to 2 hours a day because I don't have time. The first 7 weeks I just blew 3 demo accounts out. The next 3 weeks after that is break even... But last week I was able to gain except for the spike which happened yesterday. But I was very happy I experienced that first hand and knowing why it happened later.

I know the basics of trend lines, S&R and S&D. I would really appreciate if you can start a thread to show some basics about the last three you have mentioned (counter trend lines, divergence and trends and corrections). Price action is next on my list and I already have my materials with me. I am looking for ways to shorten the learning curve without cutting corners and I am looking forward to 2016 to start live trading.

Can you give me some insights on trading time (which session and what days of the week)? also, what can you say about not trading from mid November to 1st week of January because it's very unpredictable?

Many thanks.
  • #299
  • Oct 3, 2015 4:14pm Oct 3, 2015 4:14pm
Quoting findurtalent
{quote} Hi Octavejay, Many thanks for the tips and reaching a hand before even asking for it. I can't really explain it but I really feel deep inside this is where I belong. The last time I can remember I was challenged by something was when I was in college doing calculus. That never happened again until I was introduced to forex. Not primarily because of the money but because I am getting challenge of the system. Of course, money is also a factor :-). I don't notice the time passing by studying forex while time is like molasses when I am in the...

Hi Findurtalent,

You have shown a lot of potential, and dedication for this Forex Trading thing, and I am very certain that
you will do very great things in the long run...Just stay focus and learn the things that you need to....

It would take me forever to cover every subject matter that I have mentioned above, but the good news is
those information are already out there on the Internet or on this Forum...

If you feel like it's necessary to further your knowledge on Counter-Trend lines, Divergences and Trends/Corrections;
you owe it to yourself to dig deeper...On this thread, I am already using most of them, but they are not the primary
reasons for my Trading Decisions.

As you are aware, there are 3 major Sessions, and London Session is the most Traded Session... The best thing you can
do is to look for Trade Setups on the first 2 hours of each Session, and Read the Daily Economic Calendar on FF to position
yourself very well before and after Major News Releases or High-Impact Red News.

I don't know much about the Mid November through 1st Week of January thing, if there's no Volatility in the Market, You
should expect sideways movement and indecision....It's Simple as that.

Kind Regards,

OctaveJay
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #300
  • Oct 4, 2015 11:21pm Oct 4, 2015 11:21pm
Quoting OctaveJay509
Template and Indicators: {image} {file} {file} {file} {file} {file} {file}
-------------------------------
Octave: Hi!


I started using your Buysell points indicator,so far very promising.

By chance do you have this indicator with sound alerts.

Thanks!

Rswamy
1 trader viewing now