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

I didn't do any HTF Analysis yet, but I am assuming that the SellSignal on CHF Pairs are based on
the H4TF.

It's a bit risky, but I don't mind at all since the market is always right. I just need to manage my
risks accordingly.

Both Trades move at Break-Even







Note: EUR/USD - EUR/CAD and EUR/GBP hit Targets, too bad I wasn't on them.....I always pick the slow Movers. HAHA

I closed out both trades.....The Market is just too slow for me....

I am done for today.

Happy New Year 2017 Everyone!

Attached Image

Hope YOU have a Wonderful Year of TRADING!!!!!!!!

2017 is all About the TRADER VS. The Machine a.k.a Algorithmic Trading


It's Time to re-train your BRAIN, because your BRAIN is a Pattern SEEKER











Facts and Research Data:

Pattern Recognition is the ability of the Human Brain to identify and act upon patterns. This is one of the most
fundamental cognitive skills we possess and has historically been highly crucial for our survival and evolution.

Specifically, this cognitive process describes the ability to match information from stimuli with information
retrieved from Long-Term, Short-Term or working memory. On a more advanced level, pattern recognition
may allow us to identify a Fibonacci sequence, to find a solution to a persistent and seemingly abstract
Problem...

The Big Question is: CAN YOUR PATTERN RECOGNITION BE IMPROVED?

Can your pattern recognition be improved?

Of course,

Conscious Pattern Recognition can be improved and this is something that simply takes practice
and means looking for those patterns in the market every single day.

"If you’re struggling with a problem, then break it down into raw data and look for patterns that might help
to illuminate a cause and possibly a solution. "


But increasing your Unconscious Pattern Recognition is a different matter.
In theory, helping your brain to more effectively identify patterns could increase your reaction times, help you
to play the market (Chaos Theory) more effectively and more efficiently.


Here are some ways that you can increase your pattern recognition in Trading:

- Practice with Naked Charts and Zig Zag Indicator

- Increase your Working Memory by studying ratios and Hidden Levels

- Create a Belief System ( B.S ) based on your ability to observe/predict/react to the market movement.

Random Example: AUD/USD, M30TF

Another view/perspective: AUD/USD, M30TF

My Pre-selected Watchlist for 2017 ( DashBoard Trading Approach )




Note:

If you want to download that dashboard, the links are below:

This file goes to the Preset Folder



This file goes to the Indicator Folder



This file goes to the Template Folder

Here is how I am going to select my Daily Watchlist based on my pre-selected pairs:





1. CAD
2. USD
3. GBP


6. JPY
7. EUR
8. NZD


Now, My Potential Watchlist is: (Based on Dec. 30th Data )

1. NZD/CAD, M5TF - Market Sentiment: Bearish - Trend: [Low TF Bias ] - TriggerSignal [matches with the Trend/Sentiment]
2. EUR/CAD, M5TF - Market Sentiment: Bearish - Trend: [Low TF Bias ] - TriggerSignal [matches with the Trend/Sentiment]
3. CAD/JPY, M5TF - Market Sentiment: Bullish - Trend: [Low TF Bias ] - TriggerSignal [matches with the Trend/Sentiment]

4. NZD/USD, M5TF - Market Sentiment: Bearish - Trend: [Low TF Bias ] - TriggerSignal [matches with the Trend/Sentiment]
5. EUR/USD, M5TF - Market Sentiment: Bearish - Trend: [Low TF Bias ] - TriggerSignal [matches with the Trend/Sentiment]
6. USD/JPY, M5TF - Market Sentiment: Bullish - Trend: [Low TF Bias ] - TriggerSignal [matches with the Trend/Sentiment]

7. GBP/NZD, M5TF - Market Sentiment: Bullish - Trend: [Low TF Bias ] - TriggerSignal [matches with the Trend/Sentiment]
8. EUR/GBP, M5TF - Market Sentiment: Bearish - Trend: [Low TF Bias ] - TriggerSignal [matches with the Trend/Sentiment]
9. GBP/JPY, M5TF - Market Sentiment: Bullish - Trend: [Low TF Bias ] - TriggerSignal [matches with the Trend/Sentiment]


Trend Direction and Strength (Low TF Bias ) - [Based on Friday, Dec. 30th Data ]




Upload LongTradeONLY Template on:

USD/JPY, M5TF
GBP/NZD, M5TF
GBP/JPY, M5TF

Upload ShortTradeONLY Template on:

EUR/CAD, M5TF
NZD/USD, M5TF
EUR/USD, M5TF
EUR/GBP, M5TF


Default Settings: -25pip Risk / +(25 or 50)pip Reward / +15pip Trail Stop [Manual Activation is needed]

Trading Hours: Trade the first 3 hours of Each Session [I will trade the London Session or New York Session based
on High-Impact Risk Events]

Risk Management (Optional ): Maximum Risk is between 2% - 5% [Per trade or per day -It's up to you ]


Note:

Calculate your own Position Sizing: http://www.babypips.com/tools/forex-...sitionsize.php

Very Important:

If you are having issues with some of the Indicators, please SPEAK OUT. Because, this year I am going
to be focused mostly on managing Trades instead of providing help....

If you have been watching this thread for quite some time, you know very well that my Trade Logic is
always the same, but right now I am going to allow the EA to get me IN a lot quicker so that I can spend
more time studying the Higher TF even though most of the trades will be Entered on M5TF.

As I said before, the more data we have on the Overall Market Trend, the easier our trading life is, then
we can compete with the Machine and become the X-Factor.

Therefore, a SYSTEM is nothing but a S.Y.S.T.E.M

S.ave
Y.ourself
S.tress
T.ime
E.nergy and
M.oney

A Look at EURUSD in the next 3-6 months:

Weekly Chart



H4TF Chart

A Look at AUDUSD in the next 3-6 months :


Weekly Chart



H4TF Chart

A Look at NZDUSD in the next 3-6 months:

Weekly Chart



H4TF Chart

A Look at GBP/USD in the next 3-6 months:


Weekly Chart



H4TF Chart

Current Market Condition/Sentiment: (Observation ONLY )




1. CAD
2. AUD
3. USD


6. EUR
7. CHF
8. JPY

January 3rd, 2017 @ 1:33amCST

Trading Hours Starts: 10:00GMT - 13:00GMT


My Potential Watchlist:

1. CAD/JPY, M5TF - Market Sentiment: Bullish - Trend: [Low TF Bias ] - TriggerSignal
2. CAD/CHF, M5TF - Market Sentiment: Bullish - Trend: [Low TF Bias ] - TriggerSignal
3. EUR/CAD, M5TF - Market Sentiment: Bearish - Trend: [Low TF Bias ] - TriggerSignal

4. AUD/JPY, M5TF - Market Sentiment: Bullish - Trend: [Low TF Bias ] - TriggerSignal
5. AUD/CHF, M5TF - Market Sentiment: Bullish - Trend: [Low TF Bias ] - TriggerSignal
6. EUR/AUD, M5TF - Market Sentiment: Bearish - Trend: [Low TF Bias ] - TriggerSignal

7. USD/JPY, M5TF - Market Sentiment: Bullish - Trend: [Low TF Bias ] - TriggerSignal
8. USD/CHF, M5TF - Market Sentiment: Bullish - Trend: [Low TF Bias ] - TriggerSignal
9. EUR/USD, M5TF - Market Sentiment: Bearish - Trend: [Low TF Bias ] - TriggerSignal


Trend Direction and Strength ( Low TF Bias )




My Potential Daily Watchlist:


Upload ShortTradeONLY Template on:

EUR/CAD, M5TF
EUR/AUD, M5TF
EUR/USD, M5TF


Upload LongTradeONLY Template on:

USD/JPY, M5TF


Note: Market Sentiment can change at any given moment, but the most important thing is to manage your risks
by putting yourself in the best position possible. It means, your trade Entry has to match with your Rules Of Engagement.


Trade Logic ( ROE ):

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

Market Projection on them pairs if and only Sentiment stays the same throughout the London Session:


EUR/CAD, M30TF


EUR/AUD, M30TF


EUR/USD, M30TF


USD/JPY, M30TF


Note: USD/JPY has reached its daily Target. If there's a continuation to the Upside, 261.8 is the next Target
Level = 119.00

Quick Update on EUR/AUD, M5TF:





Medium Impact Risk Event on EUR Pairs

ALL DAY........................EUR.....................German Prelim CPI

2:55amCST..................EUR.....................German Unemployment Change

Market Projection on EUR/AUD





Note: If the Data comes out Negative, I will extend my Profit Target once SL is at Break-Even.