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

INDICATORS AND SETTINGS




New Indicators to be Added:





Note: Evolution Slope Indicator works the same way as MegaTrend Indi, but EvoSlope provides Alerts

I-ParamonWorkTime Indicator allows you to create your own Trading Hours to avoid spending too much
time in the market or overtrade....

Buy-Sellpoints



BBands Stop




Grab Candle Short



Signal Bars v6

Knoxville Divergence


I-ParamonWorkTime


Evolution Slope



Deep Bar Indicator



Stochastic Oscillator

Attached Image (click to enlarge)

Settings (55,3,3 )

Bearish Template and EA Settings:

Algo-Scalper15 Template:





BBands EA

Here's the Outlook for My Bullish Trade ONLY Template:

Bullish Template and EA Settings:


Algo-Scalper15 Template



BBands EA

Very Important:

Once you download all the indicators and template files, I am very certain that the settings will be
done for you automatically.....

At the end of the day, you will have a template for LongTrade Only and another template for ShortTrade Only.

Please, make the best out of these new settings because your success from now on will be determined based
on your selected watchlists.

Asian Trader Sample: (Bearish Template )

2:00GMT - 3:30GMT represents Decision Time.

During the Asian Session, you are going to observe the market and pick the right Direction
based on the Market Sentiment, then you upload the Bearish Template and wait for the Signal.

Inside that Box, you will get a Signal that matches with your Market Bias, and once the Signal
Triggered by the Sell Arrow Signal, It's a GO.

You can place the trade manually or activate the EA to do it for you.....

I was a bit late on this trade, but you get the idea:




Note: Please and Please, Demo Test it with the EA ON and OFF so that you can learn a lot from yourself...

Asian Trader Sample: (Bullish Template )

2:00GMT - 3:30GMT represents Decision Time.




This is just a random pair for the Bullish side.

Current Market Condition/Sentiment ( Observation ONLY )





Note: NZD/CAD might be a good setup after all, but this pair is really really slow to move

My Potential Daily Watchlist:




Note: In order to reduce your risks in the market, you have to manage no more than 4-6 pairs at a time,
but I highly recommend that you stick/trade with only 3 pairs per day....

If your intention is to make 25-50pips per trade, you are most likely to reach 100+pips per day, but you
can't force the market if there's no movement. This is why it's important to learn how to trade the News
so that you can take full advantage of the VOLATILITY in the market after the reports.....


Good Luck this week!

Open Positions:

GBP/JPY


USD/JPY



NZD/CAD



EUR/GBP


Note: It's a bit risky to have open positions before the London Open, but think of those trades as Examples.


Secret Technique : Use the Expert Advisor (EA) for Entries, and turn the EA off so that you can manually
manage your open trades....Move your Stop-Loss and TP at the right place.

Once Price Action reached 15pip Profit, Move your SL at Break-Even and Observe......

Quick Update:

GJ and UJ reached the 25pip Target, but I wasn't paying attention.... So, I missed my chance to get
out, and now Price is reversing.....

After the London Open, I decided to go Short Again on them Pairs and look what happened:

My Profit Target was optional because I wanted to make more than 25pips... Out of all 3 pairs,
I was able to make more than 190pips Profit...

CAD/JPY


USD/JPY


GBP/JPY

Note:

London Open can be very difficult to trade, and instead of trying to find opportunities inside the Box, I
prefer to wait and start looking for entries after the box is closed...

Between 10:30GMT and 11:30GMT, the market will give me a clear sign about the Direction of the
Day....

So, I got in so early on CAD/JPY because the Sentiment on CAD was very Bearish, but there was no signal
or confirmation yet on the chart. The Only reason why I made that decision is because my risk was only
-8pips, I told myself that I won't mind to get in again 3-4 times if I get stopped out. LOL

What to Expect Later tonight during the Asian Session:





Note: Be careful out there, Bank of Japan (BOJ) might surprise us and it's important to take
full advantage of the Move after the fact. Once the Trend is established, you can take as many pips as
you want while you managing your risks.....

Current Market Condition/Sentiment: (Observation ONLY )

Awesome!

I got the

Current Market Condition/Sentiment: (Observation ONLY )