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

You are correct MidnightRun. Deep bar indi initiates the trend, then bbands level indi tells me how far my SL should go.

I was a bit disappointed by Low Volatility during the London open, but I have managed to make some so-so trades.

A few Scalp trades on GBP/USD. I blindly chose to trade this pair until I realized that both currencies were strong the
whole time during the first 2 hours of London Session....So, You could imagine the struggle there, and that was
definitely a Bad Move for me... This is why I never like to get attached to any pair until it fits my selection process....

hi how u get that blue dash short trend lines... is it manually drawn or indicator?

Hi Ramzam,

It's manual

NO TRADING for me Today during the London Session.....I will take that as a "Day-OFF" or maybe do some research....

What happened to this thread? No posts?

like any thread...once you find it doesnt work you go on to something and something else...

Hey MidnightRun,

I got tired running the show all by myself... I figured maybe this system doesn't work for everyone.

I just closed this trade 5 mins ago....It's a CAD News

This is just a LIVE Trade on NZD/USD



Note: There's no in between with this system.....You either follow the rules of engagements or you don't, and maybe I gave
people too much HOPE....

I had a few losses today during the London Open, but this one hurts, because I was expecting a massive move
to the upside.....My Entry was on the M1TF.....Got stopped out

Maybe, I will find another opportunity next week on it...This pair has more reason to go Higher and Higher.....

A Look at the Weekly Economic Calendar ( April 25th - April 29th, 2016)

Current Market Sentiment:





Market has been quiet all morning, and I am hoping to see some movement during the London Session Tomorrow.

CAD News, USD News and NZD news might give us some opportunities to trade......

Here's what I am looking at till Wednesday... Once this pair gives me a clear direction, I will have more interests to trade
the others....




I had 3 short trades on GBP/NZD at the end of US Session, one of them got stopped out on market manipulation, I guess I
had to blame it on random SPREAD....Honestly, I was a bit hesitant to go all the way since GBP was still Strong....

- My Long Trade on NZD/CAD got stopped out on trailing stop, but I still have one pending order there....

Anyway, there's still plenty of time to find new Trade setups.

A quick Update from a Fundamental Standpoint ( Long-Term / Short-Term)

NZD Insight:

Fundamentally a week Currency given the RBNZ's Easing Bias; However currently seeing upside
for the same reasons as the AUD.

CPI for Q1 slightly beat estimates at 0.2% q/q versus expectations of 0.1%. Year-over-year CPI
matched estimates at 0.4%, well below the RBNZ's Target mid-point of 2%.
Excluding Petrol prices, CPI rose 0.7% y/y....

I really don't know what the bank is going to do this Wednesday, but this pair has a tendency to establish
a beautiful Trend before and after their rate decision....

Basically, there's no need to predict the future on this pair, just follow the Current Market Sentiment,
and you all will be just fine if you are trading this pair this week....

A quick Update on NZD/USD:

During the London Session, the Market Bias on this pair was Bullish, but when I looked at the H4TF, I had a different
story.....The overall Market Trend is still Bullish, but the Current Market Condition on the H4TF was Bearish.

In a situation like this, you have 2 options:
(1)- Do not trade this pair at all

or

(2)- Look for small Targets

I made a quick Trade, and it was a 1:1

This is the second time I got stopped out on a fake move (Invisible spread = Market Manipulation) this week....
Somebody at the FXCM office is playing game with my money....

The red line is where my SL is, but the Blue line is PA reached and reversed......

That's weird...

Oil hits 2016 high, led by falling output and weaker dollar


Oil hit its highest level this year on Wednesday, driven by a falling dollar and evidence of declining
U.S. supply, putting the price on course for its strongest monthly performance since last April.

The prospect of an agreement among the world's largest exporters to limit production, which had
provided the catalyst for a 55 percent rally since mid-February, evaporated almost two weeks ago
when a meeting between OPEC members and their non-OPEC counterparts ended in stalemate.

Since then, Brent has hit its highest since November and, aided by further evidence of declining
output anywhere from the U.S. shale basin to the North Sea, attracted fresh investment cash.

"There was definitely a bit of a turning point when we had the initial sell-off after the producer
meeting," CMC Markets strategist Jasper Lawler said.

"That got reversed and went on to show that (a production freeze) was a fairly small part of what
had been supporting the price and really, it's the supply outlook for the U.S. coupled with the
dollar that is really driving returns."

Brent crude futures were up 85 cents at $46.59 a barrel by 8:58 a.m. ET (1258 GMT), having
earlier hit a 2016 high of $47.05.

The international benchmark has risen nearly 20 percent in April, its largest one-month gain in a year.

U.S. West Texas Intermediate crude futures rose 85 cents to $44.89 a barrel, just off a session
peak of $45.18.

Brent received extra support from news that Saudi Arabia and Kuwait appear no closer to
restarting their jointly operated Khafji oilfield, which produced 280,000 to 300,000 barrels
per day before environmental problems forced a closure in October 2014.....

I didn't have USD/CAD on my radar this week, but it's always good to keep your eyes on this pair....I have
been going short on this pair since late February.....

Red News related to OIL this morning

9:30amCST............USD...........Crude Oil Inventories

*** Long-term / Short-Term Direction***

Beware of the crooks out there....I had to watch this video......