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

  • #781
  • Jul 11, 2016 5:20am Jul 11, 2016 5:20am
Hi Octave,

Accidentally found your thread. Seems very interesting and informative for novice trader like myself. :-)
Good job bro.... Keep continuing...
  • #782
  • Jul 11, 2016 2:00pm Jul 11, 2016 2:00pm
Quoting rhari139
Hi Octave, Accidentally found your thread. Seems very interesting and informative for novice trader like myself. :-) Good job bro.... Keep continuing...
You are welcome Rhari139, and I really appreciate the comment...This is just my way of giving back to this community...

I hope that you integrate some of these concepts in your own trading method.

Later
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #783
  • Jul 17, 2016 9:29am Jul 17, 2016 9:29am
Hi OctaveJay just finished all the post you shared. You are doing an awesome job. I will follow your strategy from tomorrow. Thank you!
  • #784
  • Jul 17, 2016 2:56pm Jul 17, 2016 2:56pm
Quoting OctaveJay509
USD/JPY Update: The Weekly Target on this pair has been reached in less than 2 days... Now, the market has 2 choices to make: 1) If the Bullish Momentum stays, I expect Price Action to go a lot Higher ( Near 110.500ish ) 2) It's too risky right now to find Long Entries, I would like to see a Bearish Reversal inside the Upper Channel ( Red/Crimson Dotted Lines ) {image} I had 2 small trades: {image} Random Brainstorming (LOL) {image}
No sir... This is brainstorming.. LOL
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I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #785
  • Jul 17, 2016 6:08pm Jul 17, 2016 6:08pm
Quoting swati58
Hi OctaveJay just finished all the post you shared. You are doing an awesome job. I will follow your strategy from tomorrow. Thank you!
Hi Swati58,

Thanks for taking the time to read through my posts, and I hope that you have learned something new to add to your arsenal...I look forward to watching your progress, and feel free to provide suggestions and ideas......

Jay
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #786
  • Jul 17, 2016 6:10pm Jul 17, 2016 6:10pm
Quoting baherhosni
{quote} No sir... This is brainstorming.. LOL {image}
You are absolutely right.....My goodness!!!
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #787
  • Jul 17, 2016 6:40pm Jul 17, 2016 6:40pm
Hello, do you know how the pair strength indicator do the calculations?
  • #788
  • Jul 17, 2016 8:14pm Jul 17, 2016 8:14pm
Quoting jonander50
Hello, do you know how the pair strength indicator do the calculations?
Hi Jonander50,

That's a great question. I have been wanted to know for quite some time, and I still don't have the answer yet.

I use filters in my system because I don't want that strength indicator to be the premise of my decision making whether
to go Long or Short.....
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #789
  • Jul 19, 2016 2:18am Jul 19, 2016 2:18am
Weekly Market Update (July 18th- July 22nd )

Inserted Video





Coming up soon:

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #790
  • Jul 19, 2016 3:03am Jul 19, 2016 3:03am
A Quick Follow-up Trade from Monday

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Note: I have found the Original BBands Stop EA. Doing some testing now and tweaking the settings.

If anyone of you (programmers or Coders ) is willing to help me find the perfect setting for my System,
you are more than welcome to pm me....

My goal is to simplify my system to a point where Traders only manage their RISKs.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #791
  • Jul 19, 2016 3:47am Jul 19, 2016 3:47am
UK Consumer Price Inflation: June 2016

The Consumer Prices Index (CPI) rose by 0.5% in the year to June 2016, compared with a 0.3% rise
in the year to May.

The June rate is a little above the position seen for most of 2016, though it is still relatively low historically.
Rises in air fares, prices for motor fuels and a variety of recreational and cultural goods and services were
the main contributors to the increase in the rate.

These upward pressures were partially offset by falls in the price of furniture and furnishings and accommodation
services. CPIH (not a National Statistic) rose by 0.8% in the year to June 2016, up from 0.7% in May.


More reading:
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #792
  • Jul 19, 2016 4:01am Jul 19, 2016 4:01am
GBP pairs are so messy right now, I have no idea what to trade after UK data...HAHA

So be it......

Small Trade:

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #793
  • Jul 19, 2016 4:23am Jul 19, 2016 4:23am
I was waiting for a 1:1 to move my SL at Break-even, well I didn't get it. I was 5 pips short....

Now, I got stopped out over some non-sense B.S....

I am done yall!


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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #794
  • Jul 20, 2016 10:02am Jul 20, 2016 10:02am
Weekly US oil inventory data -2342K vs -2000K expected


US energy inventory and production data from the Energy Information Administration

• Prior was -2546K
• Gasoline +911K vs -500K exp
• Gasoline prior -232K
• Distillates -214K vs +1254K exp
• Prior distillates +4058K
• Cushing +189K vs +100K exp
• US production +0.1% w/w
• Production -11.1% y/y

These numbers were virtually bang on with the private data reported yesterday.

Oil climbed ahead of the data but is back down below $45 afterwards.


Source: ForexLive.com
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #795
  • Jul 20, 2016 10:05am Jul 20, 2016 10:05am
Based on that information above, I was able to spot a Bearish Pattern Formation on USD/CAD...

My Entry point was super late, but I am hoping for a continuation to the downside by the end of the week....

If I get stopped out, I will look for a much better Entry so that I can add more positions in the process.

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #796
  • Jul 20, 2016 10:32am Jul 20, 2016 10:32am
Quoting baherhosni
{quote} No sir... This is brainstorming.. LOL {image}
Is this your chart? How do you see any patterns or price action here?
  • #797
  • Jul 21, 2016 1:29pm Jul 21, 2016 1:29pm
Today's Trading was a complete Mess....

I had to sit on UCAD trade for hours since yesterday with no real profits whatsoever, cancelled all the pending
orders and reduce my SL just to get me out...At one point, USD and CAD were very Strength, the market
went on a crazy Sideways movement for the entire London Session.....

I have failed to get involved on that GBP/JPY drop, and by the time I got in, this pair was moving sideways as well....

EUR/NZD had a great setup, but my TP was more than 100pips, but the market went as far as 60pips, and stopped me out on trailing stop.

AUD/USD was a complete disaster, trading sideways for the entire London Session.

GBP/CAD and GBP/AUD were ok, but slow down completely during the US. Session.....
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #798
  • Jul 25, 2016 3:00pm Jul 25, 2016 3:00pm
CAD/JPY, H4TF Insight

I expect a Continuation to the downside based on that Bearish Pattern.... I have failed to stay on it
since last Thursday because I was dealing with USD/CAD......


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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #799
  • Aug 2, 2016 1:30pm Aug 2, 2016 1:30pm
CAD/JPY, H4TF Update

It took almost 2 weeks for Price Action to reach the first target area, and there were a lot of swings
in the process... I didn't place any positions yesterday, but I am glad that the market tested them Fibs
Levels.

Attached Image (click to enlarge)
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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #800
  • Aug 2, 2016 1:37pm Aug 2, 2016 1:37pm
EUR/JPY, H4TF Update

I have noticed this setup last Sunday, and it was a bit too late to jump on it because there was no clear
Sell Entry....If JPY maintains its Bullishness throughout the week, I will be more than happy to sell this pair.

Very similar setup with CAD/JPY

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