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

  • #521
  • Dec 14, 2015 12:17pm Dec 14, 2015 12:17pm
Upcoming Economic Calendar Update:

Source: Jarratt Davis

Inserted Video



P.S I will be providing Trade Setups throughout the week when I have some time.

Enjoy!
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #522
  • Dec 14, 2015 11:41pm Dec 14, 2015 11:41pm
Harmonic Pattern Setup:

AUD/JPY, M15TF ----- AUD is Weak / JPY is Strong

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY-M15TF.png Size: 107 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #523
  • Dec 15, 2015 12:13am Dec 15, 2015 12:13am
AUD/JPY, M15TF Update:

Price Action is trading around 35-40pips Profit, that was supposed to be my Target....

Since I got in a bit late and risked -50pips as SL...I decided to wait for a 1:1 or 1:2 before closing that Trade.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2015-12-15 02.11.07.png Size: 109 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #524
  • Dec 15, 2015 12:32am Dec 15, 2015 12:32am
AUD/CAD, H4TF Insight:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2015-12-15 02.24.32.png Size: 105 KB


This pair has been trending to the upside for quite some time since early November, but I notice a small Bearish Pattern
on M30TF....I am looking to short it with caution.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2015-12-15 02.31.09.png Size: 105 KB


Let's hope AUD stays weak throughout the day, and CAD gives us some positive numbers today.

7:30amCST..........CAD.........Manufacturing Sales ( News Release)
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #525
  • Dec 15, 2015 12:42am Dec 15, 2015 12:42am
Strength Scale Update:

JPY lost its ground and it's becoming the weakest Currency as of right now...This is going to create a little
tension with my setup.... The plan was to avoid trading weak vs. weak....Now, I am going to let this trade plays out
by itself, and I have no intention on closing it out......

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2015-12-15 02.39.50.png Size: 91 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #526
  • Dec 15, 2015 12:54am Dec 15, 2015 12:54am
AUD/CAD Update:

As of right now, AUD is still weak, and CAD is becoming Strong.

I decided to place a short trade there....This is not the best Entry at all, but I will be playing all the small pullbacks
to minimize my SL....

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2015-12-15 02.54.07.png Size: 109 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #527
  • Dec 15, 2015 1:40am Dec 15, 2015 1:40am
Warning: NZD is currently Strong, this setup is only here for Observation.

Key Events (Create a Story behind the Move):

Tuesday, Dec 15th
7:30amCST.......USD......CPI

Tentative..........NZD.......GDT Price Index

Wednesday, Dec 16th
1:00pmCST..........USD......Federal Funds Rate
1:30pmCST..........USD.......FOMC Press Conference

3:45pmCST..........NZD........GDP

Thursday, Dec 17th
7:30amCST......USD.......Unemployment Claims / Current Account

6:00pmCST.....NZD.......ANZ Business Confidence


NZD/USD, D1
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2015-12-15 03.35.02.png Size: 108 KB


NZD/USD, H1TF
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2015-12-15 03.36.01.png Size: 106 KB


Note: This is a Long-term Setup, but we might see some Bearish retracement here and there...If Fed Raises Rate,
and NZD experiences Negative data throughout this month, this pair might stay Bearish till next year.....

Please, Use Signal Alert as Entries on Lower TF.....
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #528
  • Dec 15, 2015 9:08am Dec 15, 2015 9:08am
AUD/CAD Last Update:

Target has been reached for over +76pips Profit

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2015-12-15 11.06.35.png Size: 105 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #529
  • Dec 15, 2015 9:17am Dec 15, 2015 9:17am
NZD/USD Update:

I decided to close out this trade because Price Action is at a key Support Level right now, and it feels like this pair
wants to make a run to the upside again...
A failed attempt at or around 0.67950ish would definitely confirm a Bearish Trend Reversal...I will be waiting for it...

USD CPI number came out as expected, but USD gained some strength and this is why this pair went down......

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2015-12-15 11.16.36.png Size: 109 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #530
  • Dec 15, 2015 9:23am Dec 15, 2015 9:23am
AUD/JPY, M15TF Update:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2015-12-15 11.22.51.png Size: 110 KB


I am still holding this pair, it came very close to my SL......

I hope it works out well for me during the Asian Session....I am done trading today....

I will be preparing myself for FOMC Tomorrow!


Later Traders!
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #531
  • Dec 16, 2015 10:51pm Dec 16, 2015 10:51pm
NZD/USD after FOMC Statement:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2015-12-17 00.50.28.png Size: 116 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #532
  • Jan 2, 2016 11:09pm Jan 2, 2016 11:09pm
This might be a bit too late, but I would like to wish you all a HAPPY NEW YEAR 2016!!!!

I am very excited about this Year, and I can't wait to get started!!!!

May Them pips be with yall!!!!!
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #533
  • Jan 3, 2016 1:19pm Jan 3, 2016 1:19pm
Quoting OctaveJay509
This might be a bit too late, but I would like to wish you all a HAPPY NEW YEAR 2016!!!! I am very excited about this Year, and I can't wait to get started!!!! May Them pips be with yall!!!!!
A Pipful New year to you too.​
Turning Potentials into Realities
  • #534
  • Jan 3, 2016 6:39pm Jan 3, 2016 6:39pm
Quoting dansunny-fx
{quote} A Pipful New year to you too.​
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #535
  • Jan 4, 2016 5:04am Jan 4, 2016 5:04am
Hello Jay,

Thanks for so much tools and explaination.

Would you mind explaining the definition of the left and right side of the ForexProfitSupremeMeter?

How should I look at the strength of the pairs and single currency?

Thank you very much.
  • #536
  • Jan 4, 2016 12:18pm Jan 4, 2016 12:18pm
Quoting LukeLu
Hello Jay, Thanks for so much tools and explaination. Would you mind explaining the definition of the left and right side of the ForexProfitSupremeMeter? How should I look at the strength of the pairs and single currency? Thank you very much.
Hi LukeLu,

Thanks for stopping by and welcome to this thread...

Honestly, you don't have to worry about the definition on both sides... What you need to know is the left side gives you the
Current Trend of each Pair, and the right side gives you the current Strength/Weakness of each Individual Currency.

If you go on Page 1, you will know exactly what to do and how to approach the market....And, the only time you pay close attention
to a single currency is when there's an upcoming News Event(High-Impact News), and you expect to take advantage of that Volatility.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #537
  • Jan 4, 2016 12:19pm Jan 4, 2016 12:19pm
Economic Calendar Update:

Inserted Video



Source: Jarratt Davis
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #538
  • Jan 4, 2016 6:23pm Jan 4, 2016 6:23pm
Quoting OctaveJay509
{quote} Hi LukeLu, Thanks for stopping by and welcome to this thread... Honestly, you don't have to worry about the definition on both sides... What you need to know is the left side gives you the Current Trend of each Pair, and the right side gives you the current Strength/Weakness of each Individual Currency. If you go on Page 1, you will know exactly what to do and how to approach the market....And, the only time you pay close attention to a single currency is when there's an upcoming News Event(High-Impact News), and you expect to take advantage...
Thank you Jay. Appreciate your reply.

That was clear as you say so.

Btw, yesterday(Jan 4th, 2016) I was trying to trade EURUSD, which is my favourite, unfortunately I was trying to LONG the pair. Therefore as you know the pair going down sharply before and during the New York Session and it was a big loss for me.

I don't know if you trade this pair yesterday. If it was you, how would you judge the direction of this pair? And I could we avoid the roller coaster situation, which is going up first and then falling down deeply?

Very appreciate your help and patience.

A good health and trade to you.
  • #539
  • Jan 10, 2016 7:02pm Jan 10, 2016 7:02pm
Quoting LukeLu
{quote} Thank you Jay. Appreciate your reply. That was clear as you say so. Btw, yesterday(Jan 4th, 2016) I was trying to trade EURUSD, which is my favourite, unfortunately I was trying to LONG the pair. Therefore as you know the pair going down sharply before and during the New York Session and it was a big loss for me. I don't know if you trade this pair yesterday. If it was you, how would you judge the direction of this pair? And I could we avoid the roller coaster situation, which is going up first and then falling down deeply? Very appreciate...
Hi LukeLu,

I would have to see your chart and your reasoning behind entering Long this pair, because when
I looked at EUR/USD, H4TF, there was indication of a Bearish Move at the Beginning of the Week,
and on top of that we had German Prelim CPI and Spanish Manufacturing PMI News
during the London Session...

It looks like the numbers were somewhat mixed, and this is why EU went up and down, but it
was definitely a temporary Upside Move....

If you were using my template, you would have the opportunity to go Long during the London
Open, and made some profit if you were targeting 25-50pip move, then reverse your trade once
you got the Sell Signal at the New York Open....

Honestly, not every trade is going to be like this, the most important thing is to know the Current
Market Trend first then follow the signal as an Entry Technique.

By the way, I don't get attached to any particular pairs, I just trade my watchlist whether a Daily or a weekly.....

A Visual on EUR/USD, M30TF:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-01-10 20.59.35.png Size: 108 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #540
  • Jan 10, 2016 7:13pm Jan 10, 2016 7:13pm
Hello Traders,

Monday is going to be quiet in terms of High-Impact News Events, so I have decided to select my
watchlist based on the Current Market Strength Scale Indicator, and I might be watching them
pairs till Wednesday....

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-01-10 21.07.21.png Size: 99 KB


1. USD
2. AUD
3. CAD


6. EUR
7. CHF
8. JPY

Note:Before you place any Trade, check your Economic Calendar, because you do not want to get caught
on the Crossfire of nonsense Volatility.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
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