High Probability Insight: Day-Trade Daily Momentum on M1/M5TF | Page 54 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Daily Trading Strategy [ADR + RSI = High Probability] 904 replies

High probability trade setups for day trades and swing trades 4 replies

What is a 'high probability' trade? 7 replies

High Probability Trade Setups 212 replies

what can keep a working strategy to always have a high probability to win each trade? 9 replies

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

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

  • #1,061
  • Jan 3, 2017 2:25am Jan 3, 2017 2:25am
Quick Update:


EUR/CAD and EUR/USD are doing very well, but I didn't go to the M1TF to find Entries....

If you are on them trades, well done!


P.S. I don't want to chase them, I just have to be patient and wait for my Turn....


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-01-03 02.24.24.png Size: 101 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-01-03 02.24.32.png Size: 96 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,062
  • Jan 3, 2017 2:31am Jan 3, 2017 2:31am
Trend Direction and Strength Updated @ 2:29amCST

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-01-03 02.29.18.png Size: 78 KB




Low TF Market Bias - M15TF=M30TF=H1TF = Same Direction
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,063
  • Jan 3, 2017 2:47am Jan 3, 2017 2:47am
Quick Update:

We are about less than 10mns into the News, so I decided to close out my trade on EUR/AUD...

By the way, if you have some GBP Pairs on your watchlist, keep your eyes open because at 3:30amCST,
we have some news.


UK Manufacturing PMI is in the CLOCK.!!!
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,064
  • Jan 3, 2017 3:02am Jan 3, 2017 3:02am
The EUR News is out, and it looks like the market is taking a Pause....

So, I am going to observe the Market sentiment for a little bit, and wait for my time.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-01-03 03.01.16.png Size: 109 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,065
  • Jan 3, 2017 10:44am Jan 3, 2017 10:44am
Last Update on my second Positions:


EUR/CAD, M5TF - Closed out at Break-even+1pip
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-01-03 10.38.25.png Size: 97 KB


EUR/AUD, M5TF - Reached TP at +72pip
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-01-03 10.38.41.png Size: 100 KB


EUR/USD, M5TF - Closed out at Break-even +1pip
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-01-03 10.43.06.png Size: 96 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,066
  • Jan 3, 2017 12:07pm Jan 3, 2017 12:07pm
USD/JPY, M30TF - Bearish Butterfly Pattern in Play

I spotted this so late, and I wasn't expecting any Bearish Reversal today. Price Action had a massive drop
to 120pip and a small bounce, then a continuation????

Going Short right now might be too risky, and if you do trade the Asian Session, wait for a clear Entry Point
instead of chasing price.

I am not convinced yet that this market is going to be Bearish for the rest of the week, but I am hopeful that
I might have a chance to profit from the move at some point.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-01-03 12.04.55.png Size: 92 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,067
  • Jan 3, 2017 12:20pm Jan 3, 2017 12:20pm
Here's how I am going to trade the Bounce if the Market does exactly that:

An Emerging Bullish Gartley

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-01-03 12.20.28.png Size: 85 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,068
  • Jan 3, 2017 12:43pm Jan 3, 2017 12:43pm
Note: I am done Trading for today, but I will scan the market and look for short-Term Trade Setups
for the week.....


I hope that some of you guys took advantage of the EUR and GBP pairs during the first few hours of London!!!

Keep your eyes open on the Economic Calendar. We have some News Events for Wednesday's Trading Day!

Happy Trading Gang!!!


P.S Always have a Trading Journal or Feel free to post your ideas here....I welcome all ideas as long as you maintain
the same framework because this system is like a Prototype for all type of strategies. Personally, I trade Harmonics
and Bull 'n' Bear Divergences...
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,069
  • Jan 4, 2017 2:22am Jan 4, 2017 2:22am
Still Watching USD/JPY, M30TF unfold

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-01-04 02.22.18.png Size: 99 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,070
  • Jan 4, 2017 2:33am Jan 4, 2017 2:33am
I had a few positions open while waiting for the pattern to complete and was able to grab about 85+ pips
in the process.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-01-04 02.31.47.png Size: 111 KB



Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-01-04 02.31.57.png Size: 114 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,071
  • Edited 2:52am Jan 4, 2017 2:41am | Edited 2:52am
Current Market Condition/Sentiment: ( Observation ONLY )


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-01-04 02.34.36.png Size: 107 KB




Note: I will be Trading during the New York Session.... Just Observing the Market right now.

Keep your eyes open on major News Events throughout the Trading Day!!!
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,072
  • Jan 4, 2017 8:02am Jan 4, 2017 8:02am
USD/CAD, M5TF

This pair had a great performance throughout the London Session... I didn't take full advantage of it.....

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-01-04 07.59.24.png Size: 106 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,073
  • Jan 4, 2017 8:06am Jan 4, 2017 8:06am
NZD/USD, M5TF


This pair was a struggle to trade, because the Overall Market Trend is still Bearish. That Bullish Pullback might
be Temporary, but we really don't what what the FED is going to say later Today.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-01-04 08.05.11.png Size: 103 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,074
  • Jan 4, 2017 8:18am Jan 4, 2017 8:18am
AUD/USD, M5TF

This pair has the potential to go a lot Higher, but USDDollar needs to stay Bearish for the rest of the week.

FOMC meeting and a Bad Non-Farm Payroll might give it a little bit of push for the next 2 weeks, but nothing fancy tho.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-01-04 08.08.51.png Size: 109 KB



2 Potential TPs : TP1 @ 50% Fib Level (75) and TP2 @ 23.6% Fib Level ( 170pip)

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-01-04 08.15.40.png Size: 107 KB



Note: Find Entry Now or After Fed Meeting. I don't mind to wait......I missed my chance on all three pairs anyway.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,075
  • Jan 4, 2017 8:19am Jan 4, 2017 8:19am
Quoting OctaveJay509
Current Market Condition/Sentiment: ( Observation ONLY ) {image} Note: I will be Trading during the New York Session.... Just Observing the Market right now. Keep your eyes open on major News Events throughout the Trading Day!!!

HI Jay . do you have the calculations of the strength meter ? ? thanks, what does the current status of strength meter indicate .. so we can look at potential paris for this session ..
  • #1,076
  • Jan 4, 2017 8:31am Jan 4, 2017 8:31am
USD/JPY, M30TF

This is definitely the worst time for me to watch this pair. I didn't expect both Currencies to be WEAK
at the same time. It hurts so much knowing that the Market had a simple structure to follow. The back
and forth was really annoying.....

If USD stays weak after the Fed Meeting, we might see a massive drop again to the downside, and I have
no interest on putting a Buy Pending Order, I will let the EA gets me in if and only if the Market wants to
bounce to the upside...

Right now, I am only interested about the Current Market Sentiment....

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-01-04 08.25.21.png Size: 109 KB



Note: I am scalping this pair every time I get a sell Entry on M1TF.... Quick 20-25pip at a time...
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,077
  • Jan 4, 2017 8:39am Jan 4, 2017 8:39am
Quoting connect_ananth
{quote} HI Jay . do you have the calculations of the strength meter ? ? thanks, what does the current status of strength meter indicate .. so we can look at potential paris for this session ..

Here's the Current Market Condition:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-01-04 08.34.00.png Size: 107 KB




but the Dashboard gives you a lot more details:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-01-04 08.36.38.png Size: 82 KB



Note: All the files are somewhere in this thread, please download them tools so that you can see
the changes in real-time....
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,078
  • Jan 4, 2017 9:13am Jan 4, 2017 9:13am
Quoting OctaveJay509
USD/JPY, M30TF This is definitely the worst time for me to watch this pair. I didn't expect both Currencies to be WEAK at the same time. It hurts so much knowing that the Market had a simple structure to follow. The back and forth was really annoying..... If USD stays weak after the Fed Meeting, we might see a massive drop again to the downside, and I have no interest on putting a Buy Pending Order, I will let the EA gets me in if and only if the Market wants to bounce to the upside... Right now, I am only interested about the Current Market Sentiment.......
Hi jay, you said I will let the EA get me in, which EA are you using? Do you have a link?

Thanks,
  • #1,079
  • Jan 4, 2017 10:24am Jan 4, 2017 10:24am
Quoting hibra68
{quote} Hi jay, you said I will let the EA get me in, which EA are you using? Do you have a link? Thanks,
Yes, It's the BBands Stop EA

http://www.forexfactory.com/showthre...76#post9360976

Post # 985

There's a lot of information here, but you just need to take your time and learn as you Go....
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,080
  • Jan 4, 2017 2:01pm Jan 4, 2017 2:01pm
Quoting OctaveJay509
{quote} Yes, It's the BBands Stop EA http://www.forexfactory.com/showthre...76#post9360976 Post # 985 There's a lot of information here, but you just need to take your time and learn as you Go....
ok buddy tnks alot i will give it a try.
do u know about 123funyo indi?
im testing live with micri account just started last night. so far not sure, some tp and some sl . but i have to analyze abit.
0 traders viewing now