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Brainstorming Session: OctaveJay's Weekly n Daily Trade Setups

  • #21
  • Mar 1, 2016 2:03pm Mar 1, 2016 2:03pm
USD/JPY, M30TF

Stop loss was too tight, and I missed out on that massive move to the upside....I guess today is not my day
after all....I think I still have plenty of time to make it right. LOL

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-03-01 14.01.17.png Size: 96 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #22
  • Mar 1, 2016 2:09pm Mar 1, 2016 2:09pm
USD/CAD, M30TF

I was having a hard time with this pair during the London Session, and the moment I walked away
this pair found its clear direction....I missed it.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-03-01 14.09.15.png Size: 96 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #23
  • Mar 1, 2016 2:21pm Mar 1, 2016 2:21pm
hi buddy
i will follow you from now on
wish you best of luck !!
what is tmp you are using ?
  • #24
  • Mar 3, 2016 2:53pm Mar 3, 2016 2:53pm
Quoting GalShafat
hi buddy i will follow you from now on wish you best of luck !! what is tmp you are using ?
Go here to find everything you need about my template and approach:

http://www.forexfactory.com/showthre...=557483&page=3

Thanks
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #25
  • Mar 3, 2016 2:58pm Mar 3, 2016 2:58pm
USD/JPY, H4TF

I am very confident that USD/JPY will make a run for 116.00, but I hope that NFP helps her do just that
in a much quicker matter...I have a very tight stop-Loss, and I am willing to build on that position after
the NFP release or next week.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-03-03 14.57.53.png Size: 107 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #26
  • Mar 3, 2016 3:21pm Mar 3, 2016 3:21pm
Quoting OctaveJay509
USD/JPY, H4TF I am very confident that USD/JPY will make a run for 116.00, but I hope that NFP helps her do just that in a much quicker matter...I have a very tight stop-Loss, and I am willing to build on that position after the NFP release or next week. {image}
I just found your thread! It's very interesting! What I like is your level of explanation and its simplicity, which is very important for alike newbies! Thank you! I will follow.
  • #27
  • Mar 4, 2016 2:17pm Mar 4, 2016 2:17pm
Quoting Fadhl
{quote} I just found your thread! It's very interesting! What I like is your level of explanation and its simplicity, which is very important for alike newbies! Thank you! I will follow.
Hi Fadhl,

I really appreciate the interest and thank you for the compliments. Trading Forex should be simple and duplicatable...

Keep your eyes open for more post....
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #28
  • Mar 4, 2016 2:24pm Mar 4, 2016 2:24pm
Note:

USD/JPY was a mess during NFP, and I decided not to trade it after my first trade got stopped out.....

I will keep my eyes on it next week, and hopefully have a lot more opportunities....


Have a great weekend!

Jay
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #29
  • Mar 5, 2016 9:19am Mar 5, 2016 9:19am
Quoting OctaveJay509
Note: USD/JPY was a mess during NFP, and I decided not to trade it after my first trade got stopped out..... I will keep my eyes on it next week, and hopefully have a lot more opportunities.... Have a great weekend! Jay
I also got stopped out on the NZDUSD. Now I am waiting for the dust to settle then go Long on EURUSD. Hoping to enter around 1.09455 level
Attached Image (click to enlarge)
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  • #30
  • Mar 5, 2016 7:42pm Mar 5, 2016 7:42pm
Quoting Mdu
{quote} I also got stopped out on the NZDUSD. Now I am waiting for the dust to settle then go Long on EURUSD. Hoping to enter around 1.09455 level {image}

Hi Mdu,

I really like that Setup on EUR/USD. I think the market has more reason to establish a beautiful Trend way before the ECB Press Conference this Thursday... If this pair shows up on my radar this week, I will definitely watch it and trade it as well....

Keep your eyes open mate, and I would hate for Mario Draghi to mention anything about Negative Interest Rate this week.....

By the way AUD/USD and NZD/USD were on a steady Trend this week, I chickened out and closed both of them too early...Haha! Lack of planning.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #31
  • Mar 7, 2016 8:41pm Mar 7, 2016 8:41pm
Week 3: March 6th - March 11th, 2016


Potential Trade Setups on my radar this week

1. USD/CAD, H4TF
2. EUR/USD, H4TF
3. GBP/USD, H4TF
4. AUD/USD, H4TF

1. NZD/USD, H4TF
2. EUR/JPY, H4TF
3. GBP/JPY, H4TF
4. EUR/CAD, H4TF

1. GBP/CAD, H4TF
2. CAD/JPY, H4TF
3. AUD/CHF, H4TF
4. AUD/JPY, H4TF
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #32
  • Mar 7, 2016 9:35pm Mar 7, 2016 9:35pm
1. USD/CAD, M30TF

Current Market Condition: Bearish
Attached Image (click to enlarge)
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2. EUR/USD, M30TF

Current Market Condition: Bullish
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3. GBP/USD, M30TF

Current Market Condition: Bullish
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4. AUD/USD, M30TF

Current Market Condition: Bullish
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-03-07 21.22.09.png Size: 101 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #33
  • Mar 7, 2016 9:47pm Mar 7, 2016 9:47pm
1. NZD/USD, M30TF
Current Market Condition: Bullish
Attached Image (click to enlarge)
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2. EUR/JPY, M30TF
Current Market Condition: Bearish
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3. GBP/JPY, M30TF
Current Market Condition: Bearish
Attached Image (click to enlarge)
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4. EUR/CAD, M30TF
Current Market Condition: Bullish
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-03-07 21.44.11.png Size: 102 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #34
  • Mar 7, 2016 10:04pm Mar 7, 2016 10:04pm
1. GBP/CAD, M30TF

Current Market Condition: Bullish
Attached Image (click to enlarge)
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2. CAD/JPY, M30TF

Current Market Condition: Bearish
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-03-07 21.58.41.png Size: 101 KB


3. AUD/CHF, M30TF

Current Market Condition: Bearish
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-03-07 21.58.56.png Size: 100 KB


4. AUD/JPY, M30TF

Current Market Condition: Bearish
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-03-07 21.59.07.png Size: 99 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #35
  • Mar 7, 2016 10:12pm Mar 7, 2016 10:12pm
Quoting OctaveJay509
1. NZD/USD, M30TF Current Market Condition: Bullish {image} 2. EUR/JPY, M30TF Current Market Condition: Bearish {image} 3. GBP/JPY, M30TF Current Market Condition: Bearish {image} 4. EUR/CAD, M30TF Current Market Condition: Bullish {image}
Like your charts, Jay, you are very rarely late with your entries.
If you are good at something, never do it for free--Joker
  • #36
  • Mar 7, 2016 10:26pm Mar 7, 2016 10:26pm
Note:

The first 2 hours of London Session will tell you exactly where the market wants to go throughout the day
for the most part... As a trader, its important to understand Trends and Corrections so that you can benefit
from any continuation while waiting for the small retracement to end.....

I am not going to pinpoint all the trends perfectly, but as long as the H4TF Trend matches with the M30TF Trend,
we are more likely to ride a nice Trend and take advantage of the market.....

One more thing, I am more comfortable at risking -30pips on each trade, and if for any reasons, my risk is higher than
that, I will go to a much lower TF like M15TF or M5TF to find a better Entry.....

My goal here is to identify a weekly Trend, and take full advantage of it, meaning I enjoy the idea of placing Trades on
Mondays and Tuesdays, and close them all out on Fridays....

But the problem is you never know when the Trend is going to be steady. That's why I am trying to watch all my trades
on M30TF after I enter them on lower TFs.
be Steady
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #37
  • Mar 7, 2016 10:38pm Mar 7, 2016 10:38pm
Quoting jmn5611
{quote} Like your charts, Jay, you are very rarely late with your entries.
You are absolutely right, but to be honest with you, it's really tough to be consistent at it since my entries happen
overnight or when I am about to go to bed. LOL!

2:00am CST, 3:30am CST, 7:00amCST, and 8:30am CST are great Turning points in the Market because of Risk
Events...So, I need to convince myself to trade only the U.S Open so that I can add more positions on winning trades....

Simple Charts are ideal, and I really appreciate the fact that you appreciated the simplicity of my charts.

Have Fun in the market this week mate!

Jay
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #38
  • Edited 1:10pm Mar 14, 2016 1:00pm | Edited 1:10pm
Week 4: March 13th - March 18th, 2016


Potential Trade Setups on my radar this week

1. USD/CAD, H4TF
2. EUR/USD, H4TF
3. GBP/USD, H4TF
4. AUD/USD, H4TF

1. NZD/USD, H4TF
2. EUR/JPY, H4TF
3. GBP/JPY, H4TF
4. EUR/CAD, H4TF

1. GBP/CAD, H4TF
2. CAD/JPY, H4TF
3. AUD/CHF, H4TF
4. AUD/JPY, H4TF

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-03-14 13.09.13.png Size: 104 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #39
  • Mar 14, 2016 1:35pm Mar 14, 2016 1:35pm
NZD/USD, M15TF

During the London Session, I decided to get a small short Position so that I can keep my eyes
on NU, and it looks like the trade turned out very well....

Right now, we can easily get a continuation to the downside or a complete reversal to the upside....

I will keep you updated maybe 15minutes after the Speech.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-03-14 13.29.14.png Size: 97 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #40
  • Mar 15, 2016 2:35am Mar 15, 2016 2:35am
Here's my Trading Plan for Today

Attached Image (click to enlarge)
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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
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