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

  • #461
  • Oct 30, 2015 12:18pm Oct 30, 2015 12:18pm
thanks for the tip but I've studied technical analysis since 2003. I think I've tried most things. One thing about divergence if it doesnt hold up it usually means a continuation in rice direction and to ignore all future divergences.
Cheers
  • #462
  • Oct 30, 2015 12:39pm Oct 30, 2015 12:39pm
Quoting thjw
thanks for the tip but I've studied technical analysis since 2003. I think I've tried most things. One thing about divergence if it doesnt hold up it usually means a continuation in rice direction and to ignore all future divergences. Cheers
This is really wonderful to know Jon! Now is the time to combine your Technical Analysis with the Fundamental aspects of things so that you can create a Masterpiece.... The Art of trading is knowing who you are and use that strength as a way to take advantage of the Market...

I did check the EUR/AUD trade, Price moves about 40+pips in your favor, and after that there was a Bearish Divergence printed + a SellSignal Triggered...That was definitely a Massive move to the Downside in less than 3hours....

Are you still having trouble getting 25pips now? LOL

Later

Jay
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #463
  • Oct 30, 2015 4:17pm Oct 30, 2015 4:17pm
OctaveJay check this meter out. It shows daily and weekly.
http://megatrendfx.com/additional-fo...eter-indicator
  • #464
  • Oct 30, 2015 5:56pm Oct 30, 2015 5:56pm
heres another but it costs money
Inserted Video
  • #465
  • Oct 31, 2015 4:00pm Oct 31, 2015 4:00pm
Quoting thjw
heres another but it costs money https://youtu.be/YpsxcGXvmPc
Very Interesting Stuff Jon!

If you are getting the same data information from these indicators, you are more than welcome to use them, but
don't allow yourself to get distracted too much....

Simplicity is the Key
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #466
  • Oct 31, 2015 8:33pm Oct 31, 2015 8:33pm
I bought the indicato. Heres a snapshot
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h1-forex-capital-markets.png Size: 92 KB
  • #467
  • Nov 1, 2015 7:20pm Nov 1, 2015 7:20pm
my new indicator gives me candidate list of pairs to choose.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h1-forex-capital-markets-3.png Size: 93 KB
  • #468
  • Nov 1, 2015 7:34pm Nov 1, 2015 7:34pm
Quoting thjw
my new indicator gives me candidate list of pairs to choose. {image}
Wonderful!

Keep me posted on your progress Jon!

I hope that this new indicator pays off mate.

Jay
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #469
  • Nov 1, 2015 7:35pm Nov 1, 2015 7:35pm
trailing stop in action
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd-m5-forex-capital-markets.png Size: 98 KB
  • #470
  • Edited 8:33pm Nov 1, 2015 7:47pm | Edited 8:33pm
Quoting thjw
trailing stop in action {image}

Looks like you already passed your 25pips Target.... Well done!
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #471
  • Nov 2, 2015 6:03pm Nov 2, 2015 6:03pm
OctaveJay, I don't know about you but I'm seriously considering a longer time frame like the weekly or monthy. I've read a lot about the facts of retail traders and the picture isn't pretty. Some stats like 90% lose money 5%break even and 5% make money. The vast majority of traders are short term traders and they blow their account in 6 months. As far as professional traders go I've seen both but it seems te odds are in your favor for a longer term outlook and less time behind the PC.
  • #472
  • Nov 3, 2015 5:28am Nov 3, 2015 5:28am
Quoting thjw
OctaveJay, I don't know about you but I'm seriously considering a longer time frame like the weekly or monthy. I've read a lot about the facts of retail traders and the picture isn't pretty. Some stats like 90% lose money 5%break even and 5% make money. The vast majority of traders are short term traders and they blow their account in 6 months. As far as professional traders go I've seen both but it seems te odds are in your favor for a longer term outlook and less time behind the PC.
I completely agree with you Jon, and if you think that Longer Time Frame might be a good fit for your Trading Style, just go for it....

Even though I do my analysis on Longer TF sometimes, I always use M30TF or M15TF as my Entry TF...

By the way, Retail Traders are aware of the Fundamental aspects of things now, and I believe there might be a flaw on the stats, but
it only makes sense to have an idea from an overall perspective.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #473
  • Nov 3, 2015 5:39am Nov 3, 2015 5:39am
Weekly Economic Calendar Update from a Friend:

Inserted Video
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #474
  • Nov 3, 2015 6:05am Nov 3, 2015 6:05am
This is not for everyone, but if you would like to get involved in a special Training for the next 3 days...

You owe it to yourself to check this thing out:

http://www.jarrattdavis.com/forex-course/video1

P.S It's not going to cost you money, but TIME.....
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #475
  • Nov 3, 2015 6:37am Nov 3, 2015 6:37am
heres my first weekly trade from last night.
holding it till the highlighted aqua color passes 0.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-w1-forex-capital-markets.png Size: 119 KB
  • #476
  • Nov 3, 2015 6:55am Nov 3, 2015 6:55am
Quoting OctaveJay509
This is not for everyone, but if you would like to get involved in a special Training for the next 3 days... You owe it to yourself to check this thing out: http://www.jarrattdavis.com/forex-course/video1 P.S It's not going to cost you money, but TIME.....
Good video I signed up.
  • #477
  • Nov 3, 2015 7:23am Nov 3, 2015 7:23am
Quoting thjw
heres my first weekly trade from last night. holding it till the highlighted aqua color passes 0. {image}

Good Entry Jon,

By the way, we have a few High Impact News on NZD today, keep your eyes Open...

It's very crucial to take Fundamentals in consideration when trading on Higher TF... Unnecessary spike
might test our judgement, but I do believe that NZD deserves a Correction since this currency has been
in a Trend for the past 3 weeks or so....

Currently NZD is Weak and JPY is Strong, so you are a bit safe right now.....I do have a small Short Position there, but
I got in a bit too late tho.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #478
  • Nov 3, 2015 8:49am Nov 3, 2015 8:49am
Quoting OctaveJay509
{quote} Good Entry Jon, By the way, we have a few High Impact News on NZD today, keep your eyes Open... It's very crucial to take Fundamentals in consideration when trading on Higher TF... Unnecessary spike might test our judgement, but I do believe that NZD deserves a Correction since this currency has been in a Trend for the past 3 weeks or so.... Currently NZD is Weak and JPY is Strong, so you are a bit safe right now.....I do have a small Short Position there, but I got in a bit too late tho.
yea Im about 75 pips in profit on my weekly trade so far.....niiiiice
Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpy-h1-forex-capital-markets.png Size: 96 KB
  • #479
  • Nov 5, 2015 9:37am Nov 5, 2015 9:37am
Bank of England's interest rate decision: what the economists say

The Bank of England has sent a reassuring message to businesses and households that interest rates
are to remain at their record low of 0.5% for a while as it lowered its forecast for near-term inflation.

The Bank’s monetary policy committee left monetary policy unchanged, as expected, at its monthly meeting,
but the surprise was that no one joined Ian McCafferty in voting for an immediate quarter-point rise.

Here are some City Economists’ thoughts on when the first rate increase will come.

Read them thoughts Here:


Note:

All members agree that, given the likely persistence of the headwinds weighing on the Economy,
when Bank Rate does begin to rise, it is expected to do so more gradually and to a lower level than in recent
cycles. This guidance is an expectation, not a promise. The Actual path Bank Rate will follow over the next
few years will depend on the economic circumstances.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #480
  • Nov 5, 2015 10:26am Nov 5, 2015 10:26am
yea i got hammered not looking for todays news yesterday. I also forgot to put in a stoploss so i;m hurting as the BOE is dovish and not hawkish. Le arned a valuable lesson today.

OctaveJay are you taking notes on them videos?
I am.
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