High Probability Insight: Day-Trade Daily Momentum on M1/M5TF | Page 23 | Forex Factory

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

  • #441
  • Oct 28, 2015 1:10pm Oct 28, 2015 1:10pm
For e/u short, I had to look at the daily chart for direction. Captured 75 pips on demo.

My nzd/jpy only caught 5 pips with trailing stop.
  • #442
  • Oct 28, 2015 1:15pm Oct 28, 2015 1:15pm
Quoting pipcat
For e/u short, I had to look at the daily chart for direction. Captured 75 pips on demo. My nzd/jpy only caught 5 pips with trailing stop.
Well done!

I was expecting a spike to the Upside first before going short, but the Market decided to go straight down....
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #443
  • Oct 28, 2015 1:22pm Oct 28, 2015 1:22pm
FED stated that they are ready to Hike in Dec... I am not buying it...It's all B.S

Seriously? What really changed?

I am going to get a small short Position now and wait for the Market to settle down, and it looks like nobody knows what's going on.....


Note:

Last week LOW has been violated, and I think it's only fair to focus only on Short Trade on E/U.....I don't know what BOJ is going to do on Friday,
but if they decide to print more money or weaken their currency, EUR/USD is definitely going Lower by the end of this Week and some next week....
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #444
  • Oct 28, 2015 1:33pm Oct 28, 2015 1:33pm
e/u short still seems reasonable, but I would expect some retracement.

I am watching aud and nzd pairs now.
  • #445
  • Oct 28, 2015 1:46pm Oct 28, 2015 1:46pm
Fed Sees ‘Moderate’ Growth, Says Considering December Hike

Federal Reserve policy makers said the economy is still expanding at a “moderate” pace and
they will consider tightening policy at their next meeting in December without making a
commitment to act this year.

Even with a slower pace of recent job gains, “labor market indicators, on balance, show that
underutilization of labor resources has diminished since early this year,” the Federal Open Market
Committee said in a statement Wednesday following a two-day meeting in Washington.

The Fed also removed a line from September’s statement saying that global economic and financial
developments “may restrain economic activity somewhat,” saying Wednesday only that the central
bank is monitoring the international situation.

Central bankers also added a reference to the possibility of increasing the rate in December
based on “realized and expected” progress in reaching their goals.

For more reading:
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #446
  • Oct 28, 2015 1:57pm Oct 28, 2015 1:57pm
Upcoming High-Impact News

Attached Image (click to enlarge)
Click to Enlarge Name: NZD_OfficialCASHRATE_2.0.png Size: 9 KB


I might not be around to trade them news, but if you guys want to make some pips, this is your opportunity to
do so after the news release....

NZD and AUD

Potential Pairs to watch:

NZD/USD - NZD/CAD - NZD/CHF - NZD/JPY

EUR/NZD - AUD/NZD - GBP/NZD

-----------------------------------------------------------------

AUD/USD - AUD/JPY - AUD/CAD
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #447
  • Oct 28, 2015 2:02pm Oct 28, 2015 2:02pm
Quoting pipcat
e/u short still seems reasonable, but I would expect some retracement. I am watching aud and nzd pairs now.

My Short Entry is not the best, but My SL is near Last week Low. I would hate to see a retracement so deep at that level...HAHAHA!

TP is at 1.07521 ( This is my weekly Target)

I am expecting to close that trade by Friday......

I am done for today!
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #448
  • Oct 29, 2015 10:11am Oct 29, 2015 10:11am
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 164 KB
  • #449
  • Oct 29, 2015 1:21pm Oct 29, 2015 1:21pm
Quoting thjw
{image}


Hi Jon,

I would like to ask you a few questions...

Do you prefer to trade one pair at a time or have a watchlist?

When was the last time you tested my template and all the indicators on it?

Thanks in advance mate!

Jay
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #450
  • Oct 29, 2015 1:37pm Oct 29, 2015 1:37pm
Hi OctaveJay509 i am at page 12 of you thread trying to understand and learn. Was not the trade explorer to show us how to dubble your account ones a week, but shows only +1.7 percent, am i missing something ?

Best regards
  • #451
  • Oct 29, 2015 2:30pm Oct 29, 2015 2:30pm
Quoting jgadefelth
Hi OctaveJay509 i am at page 12 of you thread trying to understand and learn. Was not the trade explorer to show us how to dubble your account ones a week, but shows only +1.7 percent, am i missing something ? Best regards

Yes, you are missing something....I have failed to follow my own business Plan, and that was the point...

Do me a favor once you learn the system, please apply the Business plan and report your results....I would
like to see how you were able to follow the plan and double your Account every week?

"If a man didn't make mistakes, he'd own the world in a month. But if he didn't profit by his mistakes,
he wouldn't own a blessed thing."

This is your opportunity to learn from my mistakes.

Jay
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #452
  • Oct 29, 2015 2:37pm Oct 29, 2015 2:37pm
Quoting OctaveJay509
{quote} Yes, you are missing something....I have failed to follow my own business Plan, and that was the point... Do me a favor once you learn the system, please apply the Business plan and report your results....I would like to see how you were able to follow the plan and double your Account every week? "If a man didn't make mistakes, he'd own the world in a month. But if he didn't profit by his mistakes, he wouldn't own a blessed thing." This is your opportunity to learn from my mistakes. Jay
If you know what you did whrong cant you stop doing it and go back to your plan ? Yes maybe i will give it a try after i read up some and understand it better.

I think your dubbling in a week sounds great you dont need to change your plan

Best regards
  • #453
  • Oct 29, 2015 2:48pm Oct 29, 2015 2:48pm
Quoting jgadefelth
{quote} If you know what you did whrong cant you stop doing it and go back to your plan ? Yes maybe i will give it a try after i read up some and understand it better. I think your dubbling in a week sounds great you dont need to change your plan Best regards
It's all about the LOT Size my friend....

The amount of pips I make won't mean much If I don't apply proper lot sizing....Anyway, the month is almost over, there won't be any magic at this point, but will see what November brings....

Keep learning and apply the system when you are ready to test yourself....

Later

Jay
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #454
  • Oct 29, 2015 6:43pm Oct 29, 2015 6:43pm
Quoting OctaveJay509
{quote} Hi Jon, I would like to ask you a few questions... Do you prefer to trade one pair at a time or have a watchlist? When was the last time you tested my template and all the indicators on it? Thanks in advance mate! Jay
I have tried to trade more than one pair but I think I like a singe better. Usually the best and the worst is my first choice.
I have not tried your layout profile yet, but am willing to try it.

If they had just one alert for the blue red filter I'd be happy but all these MA alerts and DLine alerts is too much crap.

You say 25 pips is easy.... I wish I had that problem
  • #455
  • Oct 29, 2015 7:14pm Oct 29, 2015 7:14pm
heres my watchlist. what am i looking for now octavejay?
Attached Image (click to enlarge)
Click to Enlarge Name: audchf-m5-forex-capital-markets.png Size: 123 KB
  • #456
  • Oct 29, 2015 9:55pm Oct 29, 2015 9:55pm
Instead of making a new watchlist with charts everyday I've descided to make a permanent watchlist of every combination out of the 8. In this way I can glance t the meter and focus on the top 3 to 6.
  • #457
  • Oct 30, 2015 1:25am Oct 30, 2015 1:25am
Quoting thjw
{quote} I have tried to trade more than one pair but I think I like a singe better. Usually the best and the worst is my first choice. I have not tried your layout profile yet, but am willing to try it. If they had just one alert for the blue red filter I'd be happy but all these MA alerts and DLine alerts is too much crap. You say 25 pips is easy.... I wish I had that problem
The template you have now is just the complete package for Supreme meter Indicator.. You need to go to the first few pages to get my template and Indicators...

I will show you how to position yourself in the market to get 25pips profit at a time Jon!

Just be patient and follow exactly the process.......
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #458
  • Oct 30, 2015 1:59am Oct 30, 2015 1:59am
Quoting thjw
heres my watchlist. what am i looking for now octavejay? {image}
After you select your watchlist, I want you to go to the M15TF to do a quick Analysis with a simple tool called
"Fibonacci". It creates a projection of where the market is most likely to go based on your Market Bias.

Since you like to trade during the Asian Session, I want you to identify the Highest High/ Lowest Low for Thursday
Trading Day.

Thursday's High: 0.70751

Thursday's Low: 0.69921

The fact that Price Action was near Support Level, you just need to start your Fibonacci Tool from Bottom to Top...Like this:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2015-10-30 01.43.21.png Size: 99 KB


Remark: Whenever Price Action is consolidated between 78.6% and 88.6% Fib Level, it means that the Market wants to
reverse or continue the previous Trend....

Now, once you done with your Analysis on M15TF, you go lower to M5TF to find Entry Signals.

Your Risk is going to be between 15-25pips, and Profit Target is going to be between 25-50pips...

Keep in mind, you can trail your stop the moment price moves 20 pips in your favor....

Here's an example of what happened on the M5TF:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2015-10-30 01.56.50.png Size: 105 KB


Note: You do the same process on all your pairs until it becomes second nature to you, and do it every day whenever
you are ready to trade in the Market....

Please, ask any questions if you don't understand the process here.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #459
  • Edited 8:55am Oct 30, 2015 8:21am | Edited 8:55am
ok its all understood now except one last thing. how did u get ur trailing stop to turn color from red to blue?
Attached Image (click to enlarge)
Click to Enlarge Name: euraud-m5-forex-capital-markets.png Size: 97 KB
  • #460
  • Oct 30, 2015 11:57am Oct 30, 2015 11:57am
Quoting thjw
ok its all understood now except one last thing. how did u get ur trailing stop to turn color from red to blue? {image}
I am not sure about that question Jon, but I know you can manually change the color through properties settings...
what do you really mean by changing the color from red to blue?

By the way, that was a nice Entry based on Market Structure, Yesterday's High has been broken and PA retested that level twice...
that was definitely a sign that price wants to go Higher... I hope you get out with a 25pips profit...

Note: Whenever you see a Bearish Divergence or a Bullish Divergence printed in your chart, remember that the alerts give you
a Heads-up that the market might turn or I call that a "Potential Trend Reversal Alert". So, if you were on a trade, you just close it
and wait for any confirmation of the reversal Trend.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
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