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

EUR/AUD : The Psychological Projection

SL: It's more than -100pips (Price can't trade around the SL Zone )

TP : It's more than +650pips ( Expect to take multiple Targets )

EUR/AUD : What the Hell just happened???

I hope that some of you took advantage of this pair or the Result of the Election......




I talked about how USD/JPY was going to DROP massively and I was fortunate enough to spot this setup
on EUR/AUD early last week.....It was really fun to observe this pair and trade it throughout the Asian Session.

Well done!!!

GBP/JPY, Daily Chart: [ Short-Term Trade Setup ( 3 months or less??)]

I ignored this setup a few weeks ago because I wasn't ready to trade any Pound Pairs. Now, after the Rate
Statement last week, I figured that the Pound was going to surge and Carney made it clear that he wanted
to see a Stronger Sterling....

So, I needed to find more reasons from a Fundamental standpoint to match it with my technicals....

Here we are, and it's about time to project a clear path for the next 3 months or less.

Kinda like that Vibe.....Listening to some G.O.O.D Music while Trading!

NZD/USD, H1TF - Based on the Risk Events....

Core Retail sales number came out negative, but NZD decided to strengthen a little bit, so I decided to
go with the wind for now and manage my risk.....

USD/CAD, H4TF - No Confirmation yet - But I like that Setup

There's an Emerging Bullish Bat here, but as you can there's no confirmation yet until that Level (B Leg)
1.3400ish is broken....

Move SL at Break-Even on Both Trades:

Nice and good idea!
What is the latest version of the strategy with indicators and templates?

Very inspiring thread. Will check back periodically.

Thank You!

Basically, all the indicators are the same but I made few changes on the settings to have less signals and study
the market more on Higher Time Frame....

On top of that, I use the regular ZUP_v92 indicator to help me identify Harmonic Pattern Formation on HTF like H4 and Daily, and
sometimes H1.

As of right now, I am testing a Dashboard Indicator, and it looks promising and it will definitely fit right in with my strategy.

Thanks for stopping by and feel free to share your insight/feedback about this system.

Feel Free to do so..... I will appreciate the support mate.

NZD/USD, H1TF Update : Bearish Cypher Pattern Formation

It looks like the Bearish Pattern Formation on NZD/USD has been completed, and now it's time to wait
for the Market Sentiment (Bearish ) to Follow through.

I already got a SellSignal on M15TF, but I want the trend to be maintained throughout the London Session.

Deep Bar Indicator needs to be confirmed as well.

Current Market Condition: (Observation Only )

NZD/USD : The Psychological Projection

SL: -25.5 pips (My Entry was a bit too late, so I only risked -20pips ) --- Might add more positions once Trend Confirmed.

TP : +75pips ( Ultimate Profit Target is about +150pips [ TP Zone: 0.69200] )

If you could write down the rules I would try to calculate the average win/lost in pips!

Selecting the watchlist could be the hardest part, and after that you simply have to follow these 3 rules of engagement:


Trade Logic

#1 Identify the Current Market Trend or Market Sentiment
#2 Wait for the Exact Signal that matches the Trend
#3 Execute the Trade

Goals:

We are trying to make close to 25-50pips Profit per Trade, and look to risk between 15-25pips
(Stop-Losses are manageable when you trail them )

NZD/USD, H1TF Update:

It took forever for this pair to move, and I couldn't watch it anymore during the first 2 hours of London
Session, so I failed to add any more positions...

Stop-Loss is at Break-even +3pips and I will Observe it until it hits my TP or stops me out:





Patience is the name of the game, but I barely have that much, and that's why I am trying to be a Master Scalper
to make up for the Lost Time....

USD/CAD Update:

I was expecting a Bat Pattern Completion on this pair, but during the London Open; USD got very strong
and created a different pattern on that pair....

I am not a big Fan of Gartley's especially when I have to apply the same Technique for my Stop-Loss Zone.

Anyway, I did find an entry point on M5TF for a quick 30pips and will wait for the market to establish a clear Bullish
Trend so that I can target that 300+pips Move later on.




M5TF

USD/JPY, Daily Chart Insight:

This is the perfect scenario for a "Buy the rumor and Sell the Fact " B.S and I will keep my eyes open
on this pair between the last week of November and the first Friday on December.

I would like to see exhaustion candles between 110 and 112 for the next few days on HTF before I can
start thinking about selling this pair....



The Process is very simple:

The Massive Bearish Butterfly on Daily Chart creates a Market Bias and as trader you just have to wait for
the other conditions to meet meaning the Trend has to reverse at some point on H4TF or H1TF and
after that you start looking for SellSignals on M30TF....

2 Major News Event to keep in Mind for December:

Dec 2nd - Non-Farm Payroll

Dec 14th - Feds Rate Decision

I think the rules have already been very clearly mentioned. I think on first page.

Thanks Jay. The biggest advantage of this technique is its tension free nature and very easy to follow. since its simple so very low chance to make mistakes.
But the key of success in this method is "volatility". In low volatility, most of the entries will fail.

I am used to such system in past but with a different indicator not with the one you have posted. The Gap table very much simplifies the cherry pick of pairs.