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

Hello Traders!

This week is going to be very interesting, and we do have some massive High-Impact Risk Events...

Keep your eyes open on them News.

The Party starts slowly on Tuesday, and ends on Friday!!!

Please, check your Daily Economic Calendar before placing any Trades.

Good Luck in the Market!

Jay

Knoxville Divergence v2.1.ex4 doesnt work on my mt4
why is it ?

Sorry to hear that mate...

You need to keep trying it until it works, because I have never had any problem with it....

Keep me posted!

NZ Reserve Bank expected to hold rates this week, but future cuts 'inevitable'

New Zealand's Official Cash Rate (OCR) is expected to stay at its record low this week,
but the Reserve Bank is expected to signal a cut in the coming months.

On Wednesday, March 9th, Reserve Bank governor Graeme Wheeler will review the OCR
and deliver his first full set of economic forecasts for the year.

In January Wheeler said cuts OCR - which directly influences mortgage repayments and
the returns on savings - "may be required" to stoke inflation, but Wheeler later gave
speeches playing down the prospect of cuts in the near future.

Since then the Reserve Bank's own surveys have showed expectations for inflation have
fallen to the lowest level in more than decades, and increasingly economists expect the
OCR to be cut to a record low, probably in June....

On Tuesday the New Zealand Institute of Economic Research's shadow board, made up of
economists and business figures, predicted rates would be left unchanged.

However seven of the nine members lowered what they believed the ideal rate setting should be,
dropping to an average of 2.43 per cent.

Cameron Bagrie, chief economist of ANZ in New Zealand, said that a record low OCR now seemed
"inevitable".

For more reading:

High-Impact Risk Events ( Central Time)




Note:

NZD/USD pair has been on an Uptrend for the past few weeks, and I expect some kind of retracement
to the downside...I do not know how far down, but if the language stays DOVISH tomorrow, we might see further
movement down...A 50% retracement is reasonable in my book, and I do have a small short position right now.
Technically, I am going against the Trend, but I expect other traders to start closing their Long positions and
wait on the sidelines till 2:00pmCST (Wednesday)

Surprise OCR cut

The RBNZ has cut the OCR to 2.25% citing a myriad of concerns particularly around weaker world
conditions and lower inflation expectations.

There are so many concerns around the global economy that further OCR cuts may come. The bank
expects headline inflation to move higher over the year, but take longer to reach the target range of 1-3%.

Its key comments about the future are: “Monetary policy will continue to be accommodative.”

“Further policy easing maybe required to ensure that future average inflation settles near the
middle of the target range.”

Floating home loan rates are likely to start falling today following the RBNZ ...

More Reading:

anyone willing to show their equity curve using octavejays method?

I dont think anybody has.

Hi Jon,

I have posted a few equity curves on the first page a few weeks ago, and I don't think that's going to motivate
anyone to trade my system or let alone be motivated by it....

This system is very simple and easy to implement, but the hardest part about it is the "Ego-Factor", once you
learn how to make 25pips with a click of a button, you force yourself to hit for a higher TP, then a little bit more
until you sabotage your Trading Plan....

If you found yourself in that category, sometimes I do, I highly recommend that you become a Master at 25pips
per trade, then increase your position size gradually instead of your Profit Target.

I haven't been active here in a while, it's because I am testing Scalping and Position Trading right now, and they
are not part of the purpose of this thread.

So, if you need help with your trading decision, Please, start from Page 1 and forget everything you have learned
from me in the past.....It's never too late to start over from Scratch.....

High-Impact risk Events for Today:

A quick Update on my Trading Plan for Tuesday during the U.S Session:

Hello Traders,

I would like to share once again my Daily Watchlist, and I am thinking about doing some day-trading during
the first 2 hours of London, and maybe the last 2 hours as well.

Feel free to take advantage of the Daily Market Sentiment during the London or U.S Session yall!

Here's how my Daily routine looks like:

#1 Look into the Fundamentals to Identify Potential Market Volatility on a few Currencies.
#2 Have a Pre-watchlist based on High-Impact Risk Events.
#3 Select a few pairs to trade based on Strength/Weakness or Weakness/Strength (Supreme Meter Indicator)

I was trying to be conservative Today during the London Session, but Massive Volatility got me in SHOCK!!!!

Son of a BONACCIi!!!!

I got Embarrassed.....HAHAHAHA!!!

I will get you next time MARKET!!!!

Lesson Learned Today:

I just wanted to lay out a few things for new traders out there or anybody that has been following my system for quite some time.

#1.- Never impose your WILL in the Market....

#2.- Be Flexible....

#3. - Don't go for "Home Run" all the time.....

See! When I posted my Daily Watchlist before the London Open, I was hoping to go Long(Bullish) on most of my selected pairs.
Then all of a sudden, I started seeing weakness across the board, and I told myself that I don't want to get into Fakeouts, but I
will follow whatever Signal my system gives me and make a case to go Short(Bearish) or Long(Bullish)....

As you can witness, my subconscious wasn't in the same page as my conscious and this is why my Profit Targets were very small...

But Remember this, you can never go Broke by making small Profits!

My Ultimate Excuse (LOL!!!!) : I don't always scalp the Market, but when I do I prefer my Profit Target to be Open......

your making some good trades

Thanks!

Nothing new, the thread has been quiet, and I just wanted to remind some traders that I am still using the system...

How is everything Buddy?

What to Expect on Thursday during the London/U.S Session:




Note: I will scan the market (Supreme Meter Indicator) at the London Open to take advantage of
the Daily Market Sentiment, But Pairs like GU, GJ, EU, and EJ are going to be on my pre-watchlist.

OctaveJay509,

If I am reading entries on your charts correctly, the main indicator triggering your entries is the deep bar. Is this correct?

Thank you.