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

My Potential London Watchlist ( Trend Direction and Strength )




Trade Logic:

Step #1 : Identify the Current Market Trend.
Step #2 - Market Sentiment ( Strength/Weakness ) needs to match with the Overall Market Trend.
Step #3 - Wait for the Trigger Signals (BuySig or SellSig )

LOW TF Trend = M15TF/M30TF/H1TF

HIGH TF Trend = H4TF/D1TF/W1TF


P.s: If you are going to trade on the M5TF, use M15TF signal as confirmation for the Current Trend.

Bad Day on the GBP Pairs...I think that i lost more than -100pips

Whenever I can't find any entries after the first 2 hours, I activate the EA to find me some opportunities
and today was clearly a bad day because the market went into a Consolidation phase....Hehe!

Well, Let's hope that I can recover from this tomorrow!

Current Market Condition/Sentiment: (Observation ONLY )

My Potential London Watchlist ( Trend Direction & Strength )






Note: NZD/JPY has been replaced by GBP/JPY

Note: Friday tends to be slow, so I will observe the Market a little bit, then find some opportunities
during the U.S Session instead....

News Events:

3:30amCST....................GBP................. UK Goods Trade Balance ( Medium )

9:00amCST....................USD.................Prelim UoM Consumer Sentiment ( Red News )


Happy Trading Y'all!!!

What to expect this week( Fundies ):

Article:

Look for the Fed to hike interest rates this week and ignore the elephant in the room

You can expect the Federal Reserve to raise interest rates this week, but look for it to shy away
from the bigger question looming for financial markets: How does the shock outcome of the
presidential election change the economic landscape?

The Fed is widely expected to announce an increase in the target range for its federal funds rate to
between 0.5% and 0.75% when its two-day meeting wraps up Wednesday, analysts agree. It will be
the first increase of 2016, a year once expected to produce at least a couple of rate adjustments.

The Stock and Bond Markets have a quarter-point move baked in the cake.

At the same time, Fed officials are expected to duck questions about how the incoming Trump
administration’s plans for fiscal, trade and regulatory policies will impact the economy and the central
bank’s policy outlook.

“I would expect them to keep as low a profile as humanly possible,” said Vincent Reinhart, chief economist
for Standish Mellon in Boston. “They don’t want to be seen as influencing policy, either as cheerleader or
expressing doubts.”

The Fed has already exhibited a preference for staying out of presidential politics. It included no mention of
the election in the minutes of its September or November meetings, Reinhart noted.

Fed Chairwoman Janet Yellen wants to avoid the recent experience of Bank of England Gov. Mark Carney,
who came under fire from Brexit supporters for comments he made during, and after, the referendum
campaign that ultimately ended with a vote for the U.K. to split with the European Union.....

With two Hikes foreseen next year, the Fed is likely to space them out from June to December, Logan said:
"The general plan is to gradually move the rate up as appropriate, given the data they are faced with."

Current Market Condition/Sentiment : ( Observation ONLY )

Market is a bit slow right now, and I can only think of one thing.... "RATE HIKE"

Wednesday is going to be a very interesting day for the Market, and I am looking forward to it....

It's best to trade before and after that, because there's no reason to force any trades on Wednesday
afternoon during the Fed Press Conference/ Rate Decision....



EUR is currently Strong right now, I do not know for how long....I just found 2 opportunities at this point,
and I have a small position on EUR/USD and EUR/CAD...

The most important thing for me is to manage my SLs and let the market runs till Wednesday.

EUR/USD, M30TF



EUR/CAD, M30TF



Note: I am testing a new approach where I have a template for Bullish Trend and a Template for Bearish Trend.
It helps me to keep tracking the performance of the Strength Meter Indicator since I am combining it with the
Dashboard Indicator....

The Concept is very simple, once the Overall Market Trend matches with the Daily Sentiment, I just have to focus
only on the Current Trend for that day....

EURUSD and EURCAD Update:

I don't want to hold any trades during the Asian Session, so I closed out both trades....

I expect to find more entries on Tuesday after UK CPI.

CAD/CHF and GBP/JPY both were part of my Sunday Watchlist for testing.

Counter-Trend trades

Current Market Condition/Sentiment: (Observation Only )

Note:

I haven't done any analysis yet on my Watchlist, but I have been watching this setup since last week
on AUDUSD...

AUD is currently WEAK and USD is currently Strong, and because of that, I am using the Bearish Gartley
Pattern on H4TF as an excuse to go short. Little did i know, there was a SellSignal Triggered on M30TF...

AUDUSD, H4TF



AUDUSD, M30TF


P.S If the Market Sentiment on AUD stays that way throughout the London Session, we might see a nice drop
on this pair. Ultimate Target is 140pips, but I will take small profit at a time until the Market establishes a Clear
Bearish Trend after 3:00amCST...

Current Market Condition/Sentiment Update:





Note: Market has been very quiet for the past 2 days. I just can't believe it....I am not going to waste
my time watching it.

My short Trade on AUDUSD is still open, but I reduce my risk, because the market is not moving at all
after 3 hours in it... Gosh!

2 Straight Losses on AUD/USD for the past 2 days

I expect to find clear Direction after the Fed Rate Decision later today....

Now, it's time to chill out and let the market does its thing.....

Current Market Condition/Sentiment: ( Observation ONLY )

Quick Update:


Fed Raises Rates, Boosts Outlook for Borrowing Costs in 2017

Federal Reserve officials raised interest rates for the first time this year and forecast a steeper
path for borrowing costs in 2017, saying inflation expectations have increased “considerably”
and suggesting the labor market is tightening.

The Federal Open Market Committee cited “realized and expected labor market conditions and
inflation” in increasing its benchmark rate a quarter percentage point, according to a statement
Wednesday following a two-day meeting in Washington.

Note:

After the Initial Move, the Market is stalled and looking for reasons to move further...

Based on the Current Market Sentiment, USD EUR and GBP are very much Strong right now.....

I expect a continuation at some point, but the problem is everybody knew that the Fed was
going to raise rate which means expectation has been met, and now it's time to create a
new story in the near term for further gains....

I am done trading today, but I will be looking for short-term trade setup....

Major Update for 2017

Hello traders,

I have been working for quite some time to change the settings in my system so that
I can have the ability to trade the Market on the Higher Time-Frame and still have the
confident to risk less than 50pips per trade...

Well, I was able to find the right concept by thinking like an Expert Advisor (EA ). Simply
put, a Robot is a reflection of how you, the trader, would like to trade the Market without
too much emotions involved. Now, in order to avoid unnecessary trades, you have to give
the Robot enough data to make the right Decisions.

Meaning, if the Overall Market Trend is Bullish or Bearish, you should have the ability to
quickly identify the Trend even though you are simply using the 1mn or 5mns TF for
entries.

Out of all techniques, I have come to realize that it's an imperative to re-train your Brain
to accept and understand the new reality where "compromising" is very toxic for you,
and you have to avoid it at all cost if you want to succeed in this business.

The solution is very simple and this is why I wanted to share with you guys on how I
want to proceed going forward.

First and foremost, nothing is going to change in terms of my Trade Logic, and in fact,
I am going to take my Trade Logic Concept to the next Level and give you the best
possibilities to make the most out of this Market in 2017...

Right now, you have about 2 weeks to test this new setting on demos and ask me any
questions you want.

Note: As I have mentioned before, I have a Template for Bearish Trade and a Template for
Bullish Trade, and on top of that an EA that's going to assist you in the process for quick Entries.

Here's the Outlook for my Bearish Trade ONLY Template:




Note: M30TF will give you the Current Direction of the Market, and you upload the Bearish
Template on M5TF to take only Sell Trades throughout the Day.

Keep in mind, in a very good week, M30TF Trend can last for up to 3 days or more....