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

  • #621
  • Feb 2, 2016 6:13am Feb 2, 2016 6:13am
39+ pips
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  • #622
  • Feb 2, 2016 6:59am Feb 2, 2016 6:59am
Quoting thjw
39 pips +
Keep it up Jon!! If you carry that same feeling throughout the year, you will do a lot of damages in the Market.....

So proud of your dedication to get it right!!!
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #623
  • Feb 2, 2016 3:42pm Feb 2, 2016 3:42pm
Quoting Saygin-TR
{quote} İs it '' OctaveJay509 '' style ? Good job
heres my setup
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  • #624
  • Feb 2, 2016 9:14pm Feb 2, 2016 9:14pm
damn monday.
i was in the bad OP execution as i was trying to counter trend using untrusted indicator that i just got. bad decission !
my equity running to only 30%. LOL. i didn't put SL b'cos i have'nt yet accept loss on my trade. (bad emotion trading)

lucky me, i swing it and got my balance right again. (but i hav to stick my eyes to the chart all day for this).


now i'm back to Jay's Trade Logic + setup, and scalp it the way i like it, haha

Never trade against trend and stay out of red News.
  • #625
  • Feb 2, 2016 9:15pm Feb 2, 2016 9:15pm
Quoting thjw
{quote} heres my setup {image}
can you share us the indicator and how to use them ?
  • #626
  • Feb 2, 2016 9:46pm Feb 2, 2016 9:46pm
Quoting richfreeFX
damn monday. i was in the bad OP execution as i was trying to counter trend using untrusted indicator that i just got. bad decission ! my equity running to only 30%. LOL. i didn't put SL b'cos i have'nt yet accept loss on my trade. (bad emotion trading) lucky me, i swing it and got my balance right again. (but i hav to stick my eyes to the chart all day for this). now i'm back to Jay's Trade Logic + setup, and scalp it the way i like it, haha Never trade against trend and stay out of red News.
Whats up Richfree,

Its not always a bad thing to trade against the trend depending on which time frame you are looking at ex: 15 min or daily. Retracements can last a few days on the daily while only an hour on the 15min. The way I look at it is if the trend is up on the daily chart and there is bearish sentiment in the market due to recent news, if I get a signal, I can jump in and catch a few "15-20" pips on the retracement using a tight stop loss. The problem I think you are having is over leveraging. 70% equity In one trade is a bit much. If you don't mind, it would be a bit wiser to lower position size when trading. With every trade I take I keep in mind that "this 1 trade" is only 1 trade out of 20-50 trades that I will make this week.
  • #627
  • Feb 2, 2016 11:32pm Feb 2, 2016 11:32pm
Quoting myke3295
{quote} Whats up Richfree, Its not always a bad thing to trade against the trend depending on which time frame you are looking at ex: 15 min or daily. Retracements can last a few days on the daily while only an hour on the 15min. The way I look at it is if the trend is up on the daily chart and there is bearish sentiment in the market due to recent news, if I get a signal, I can jump in and catch a few "15-20" pips on the retracement using a tight stop loss. The problem I think you are having is over leveraging. 70% equity In one trade is a bit...
affirmative myke,
it's just i'm on my way for finding my winning strategy. and i'm following Jay's idea.
by monday experience i found that i don't know how to counter trend and i push my self out.
will work to analyse my lot size better ! thank's Bro.

this is my first attempt to trade manually.
back then i user EA that i made my self from every strategy i can follow. but non of them giving me constant profit.

now that i trade manually, i found that there's alot aspect from this beautifull forex i should manage. thank's to this thread, i'm learning alot tho..
  • #628
  • Feb 2, 2016 11:39pm Feb 2, 2016 11:39pm
Quoting richfreeFX
damn monday. i was in the bad OP execution as i was trying to counter trend using untrusted indicator that i just got. bad decission ! my equity running to only 30%. LOL. i didn't put SL b'cos i have'nt yet accept loss on my trade. (bad emotion trading) lucky me, i swing it and got my balance right again. (but i hav to stick my eyes to the chart all day for this). now i'm back to Jay's Trade Logic + setup, and scalp it the way i like it, haha Never trade against trend and stay out of red News.
Hi RichFreeFX,

Like Myke said, it's not always a bad thing.....Last Monday, I got burned as well going against the trend on GBP/USD, but the funny thing is, the market did turn but I wasn't in front of my computer to re-enter.... Today, I decided to do the same thing again on USD/CAD. LOL!

But the only difference is right now, I have a few Bearish Divergences combined with some Sellsignals confirmation... I wasn't patient enough on GU last Monday.

I don't expect UCAD to drop so quick, but I will be Ok with half the move or take small profit at a time until I get a reverse Signal(BuySignal).

Attached Image (click to enlarge)
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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #629
  • Feb 3, 2016 12:09am Feb 3, 2016 12:09am
I am always going to be OK with a 1: 1 risk:reward Ratio at any time.

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Will be back later during the US Session
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #630
  • Feb 3, 2016 4:42am Feb 3, 2016 4:42am
Somebody spilled some coffee on their sell Button.... I didn't see that quick drop coming....Sacre Bleu!

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #631
  • Feb 3, 2016 7:13am Feb 3, 2016 7:13am
OH My!!! OH My!!!

USD/JPy, H4TF Update

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #632
  • Feb 3, 2016 8:00am Feb 3, 2016 8:00am
60+ pips today
  • #633
  • Feb 3, 2016 9:43am Feb 3, 2016 9:43am
another 21 pips...this kind of trading is so EAZZZZZZZy. 6 days in a row of wins
  • #634
  • Feb 3, 2016 12:08pm Feb 3, 2016 12:08pm
Quoting thjw
another 21 pips...this kind of trading is so EAZZZZZZZy. 6 days in a row of wins
HAHHAHA!!! Soros aint got nothing on you Jon!

Well done!


Get ready for Tomorrow and Friday, Massive Risk Events....It's going to be a Party!

Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #635
  • Feb 3, 2016 12:28pm Feb 3, 2016 12:28pm
im addicted 12 more pips
  • #636
  • Feb 3, 2016 2:33pm Feb 3, 2016 2:33pm
Anybody know of an EA or Indicator that will close all open positions? Basically one function.
  • #637
  • Feb 3, 2016 3:37pm Feb 3, 2016 3:37pm
Quoting thjw
Anybody know of an EA or Indicator that will close all open positions? Basically one function.
This is the script that I use.


Attached File(s)
File Type: mq4 CloseAll.mq4   7 KB | 312 downloads
  • #638
  • Feb 3, 2016 3:45pm Feb 3, 2016 3:45pm
Quoting myke3295
{quote} This is the script that I use. {file}
thanks man I appreciate that
  • #639
  • Feb 3, 2016 3:50pm Feb 3, 2016 3:50pm
Quoting myke3295
{quote} This is the script that I use. {file}
i compiled it with only warnings. The indicator doesnt show up in the indicator list.
  • #640
  • Feb 3, 2016 8:56pm Feb 3, 2016 8:56pm
Quoting thjw
{quote} i compiled it with only warnings. The indicator doesnt show up in the indicator list.
that's not an indicator.
should be on the 'Scripts' or maybe on 'Expert Advisor'. you need to refresh the navigator list
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