High Probability Insight: Day-Trade Daily Momentum on M1/M5TF | Page 52 | Forex Factory

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

  • #1,021
  • Dec 27, 2016 5:55am Dec 27, 2016 5:55am
GBP/JPY, M30TF - Market Projection based on Market Sentiment

IF GBP Stays Weak and JPY Stays Strong, Then :


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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,022
  • Dec 27, 2016 6:07am Dec 27, 2016 6:07am
GBP/JPY, Daily Chart ( Observation ONLY )

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Note: I don't have yet any Fundamental News to support that, maybe Japan might trick US a.k.a
President Donald TRUMP on a Trade DEAL to favor their own Economy.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,023
  • Dec 27, 2016 6:22am Dec 27, 2016 6:22am
CAD/JPY, H4TF - No Clear Setup on any TFs ( Observation ONLY )


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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,024
  • Dec 27, 2016 6:38am Dec 27, 2016 6:38am
TRADE LOGIC

#1 Identify the Current Market Trend or Market Sentiment:

Low TF Market Bias ( M15TF=M30TF=H1TF )

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#2 Wait for the Exact Signal that matches the Trend

Find Entries on M5TF or M15TF ( Note: Entries on M30TF is only for High TF Market Bias )

P.S Use the right Template for Each Pair Accordingly.



#3 Execute the Trade

Manage your trades as you see fit.

Default Setting: SL: -25pips / TP: +25pips / TS(Trailing Stop) : +15pip in Profit
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,025
  • Dec 28, 2016 2:10am Dec 28, 2016 2:10am
Current Market Condition/Sentiment: ( Observation ONLY )

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Note: I expect a slow day in the market Today...This is the perfect time to look for short-term Trade Setups on
other pairs while looking for opportunities on my weekly Watchlist.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,026
  • Dec 28, 2016 2:13am Dec 28, 2016 2:13am
Trend Direction & Strength ( LOW TF Market Bias )

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,027
  • Dec 28, 2016 2:19am Dec 28, 2016 2:19am
I am not too certain about the Market today, but I decided to open up some positions on JPY crosses,
and might add more after 3:30amCST...


CHF/JPY
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GBP/JPY
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CAD/JPY
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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,028
  • Dec 28, 2016 2:30am Dec 28, 2016 2:30am
GBP/AUD, M5TF -

This is a bit risky, but I am hoping that AUD maintains its strength throughout the London Session,
but there's no incentive from a Fundamental standpoint to support that. My intention was to capitalize
on that Bearish Bat on H4TF.

It's a Long Shot.

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,029
  • Dec 28, 2016 2:36am Dec 28, 2016 2:36am
Quick Update on GBP/JPY

I wasn't paying attention, and the market moves so quick. I have failed to add any more positions. So, I
walked away with +38pips.

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Note: GBP/AUD is already at Break-even. Gosh!!!!
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,030
  • Dec 28, 2016 2:43am Dec 28, 2016 2:43am
AUD/CHF, H4TF - A Slow Mover, but I missed my entry point during the Asian Session

I expect a Bullish Trend Reversal very soon, but I would like to see the Trigger Signal happens on H4TF before
going ALL In.... My lack of patience prevents me from studying the CHF pairs over the years, so I want
to use this trade as a case study..... LOL!

Anyway, I am hopeful that AUD/USD will lead the way....

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,031
  • Dec 29, 2016 3:20am Dec 29, 2016 3:20am
Quick Update :

I have failed to mention that last week, in order to execute Trades with the BBand Stop EA, you have to have that
"BBands Stop" Indicator. The other BBands Stop Level Indi does the same work, but the EA only recognizes this one
below....

I apologize for that mistake....

Thanks for reminding me Ernst.

Attached File(s)
File Type: mq4 BBands Stop.mq4   6 KB | 408 downloads
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,032
  • Dec 29, 2016 6:03am Dec 29, 2016 6:03am
Quoting OctaveJay509
Sunday, September 13th, 2015 I have scanned the Market, and this is what I get at 4:31pm {image} 1. EUR 2. NZD 3. AUD 4. CHF 5. GBP 6. USD 7. CAD 8. JPY Note: The Strength Scale Indicator Below: {file} {file}
I found this your strategy is worth investing time

just some time ago by applying the supreme meter in H1FT NZD was stronger at 7 points while USD was at 1 point, therefore I choose NZDUSD pair, but currently the scenario is changing NZD is down to 5.9 points and USD at 2.6 points.

It's a kind of lagging indicator when NZD is strong the point goes up and at the time of corrective, the points or value comes down.

how can I come to a conclusion that the currency with a high point is strong and will remain strong in that particular time frame?

Thanks in advance.
NarenRaj
  • #1,033
  • Dec 29, 2016 6:11am Dec 29, 2016 6:11am
Quote
Note: Market Sentiment can change at any given moment due to Fluctuations, and it's best to pick your Pairs during the first 2 Hours of Each Session so that you can avoid Indecision in the Market.

I missed this point, I will test and post the result.
Hope this works.
NarenRaj
  • #1,034
  • Dec 29, 2016 12:39pm Dec 29, 2016 12:39pm
Quoting Narenraj
{quote} I missed this point, I will test and post the result. Hope this works.
Hi NarenRaj,

Despite the simplicity of this system, not many people are so keen to invest time to master it, and I really admire
your enthusiasm to give it a try and I hope that your interest allows you to inject your own trading style/personality
to it so that you can get the kind of results you are expecting.

This is not scientifically proven, but I was able to learn this through experience. When you find a Trend on the H4TF or
Daily TF, that trend has a tendency to last for weeks or even months depending on the situation fundamentally speaking.

Then again, if you happen to find a Trend on M30TF or M15TF, you are more likely to enjoy a quick 2-3 days movement
in the same direction. Now, the Currency will remain Strong as long as the Overall Market Trend matches with the Current
Market Sentiment that day....

Give yourself about a week or 2 to understand the concept, and I guarantee you that you will have a different approach
about the market.

Later
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,035
  • Dec 30, 2016 1:17am Dec 30, 2016 1:17am
Quoting OctaveJay509
{quote} Hi NarenRaj, Despite the simplicity of this system, not many people are so keen to invest time to master it, and I really admire your enthusiasm to give it a try and I hope that your interest allows you to inject your own trading style/personality to it so that you can get the kind of results you are expecting. This is not scientifically proven, but I was able to learn this through experience. When you find a Trend on the H4TF or Daily TF, that trend has a tendency to last for weeks or even months depending on the situation fundamentally...

Sure buddy,, Thanks you
NarenRaj
  • #1,036
  • Dec 30, 2016 2:09am Dec 30, 2016 2:09am
Quoting Narenraj
{quote} Sure buddy,, Thanks you


You are welcome my friend!
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,037
  • Dec 30, 2016 2:13am Dec 30, 2016 2:13am
Current Market Condition/Sentiment:

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,038
  • Dec 30, 2016 2:25am Dec 30, 2016 2:25am
My Potential Daily Watchlist:

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Note: There's no need for me to do any Market Projections today, because I don't like holding positions over
the weekend. Just take whatever the market gives you today....

I was short on CAD/CHF and AUD/CHF yesterday, and I chickened out.... I hope that some of you took advantage
of that flash crash to the downside....If you lost money, no worries...Next year is going to be a Wonderful year for
all of us...

Today is the last day to show commitment to this system....Don't be afraid to make mistakes..
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,039
  • Dec 30, 2016 3:00am Dec 30, 2016 3:00am
TREND DIRECTION AND STRENGTH

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Note: No Clear Direction at all
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,040
  • Dec 30, 2016 3:05am Dec 30, 2016 3:05am
Quick Update:

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Potential Trend Reversal based on the LOW TF (M15=M30=H1TF )


USD/CHF - GBP/CHF - CAD/CHF = Bearish


EUR/GBP - EUR/CAD = Bullish
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
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