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

AUD/USD, M5TF - Last Update:

NZD/USD, M5TF - Last Update:

EUR/CAD, M5TF - Last Update

Out on this trade with a quick 25+pip




Note: Nothing Major today, just quick scalps. I think that I am done for today y'all! Something came up and
I don't want to walk away from any open trades......

EUR/USD, M5T - Last Last Update

I was trying to add more positions on this pair, and it didn't work out.....LOL

Happy Trading Everyone!!!


Keep your eyes Open on the Fed News Tonight around 6:00pmCST. I might stop by and trade the Aftermath.


President-Elect Trump messed up the Strength on the USDDollar, and we will see what that Lady Yellen has
to say.....

P.S There's a Bullish Butterfly on USD/JPY, H4TF and it's not ready to be traded yet......Find it if you are a big Fan
of Harmonics...

Later Gangs!

Current Market Condition/Sentiment: (Observation ONLY )





Note: My Internet connection is acting up today because of Bad Weather....So, I
won't be doing too much of posting....

Happy Friday Everyone and Enjoy the Market!

Hello Octave,

I couldnt trade yesterday, i was not near my Laptop. Today i just entered the market & was analyzing.

Already entered 5 long trades. Market seems slow i will try 1:1.

csDash

GbpAud long

GbpCad long

GbpUsd long

EurCad long

EurAud long


Current update of trades


Cheers.

My Potential Daily Watchlist:



Upload LongTradeONLY Template on:

GBP/CAD, M5TF
GBP/USD, M5TF
GBP/AUD, M5TF

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

NZD/USD, M5TF


Note: Market Condition can change at any given moment, and it's important to be flexible and
take full advantage of the Direction in the Market...

Copied mate. I was keeping eye on all those pairs except NzdUsd. Now i will check this pair also.

Usd High impact news coming in 3 hours.

Indeed, Market is pretty slow and Friday can be unpredictable as well.....

It's always best to get in at TriggerSignals, but I was having trouble getting my Computer going.

Anyway, I was amazed on how GBP Pairs been performed all week, but I didn't take advantage of that...

Let's see what the market gives us today mate!!!

NZD/USD can be very slow sometimes, but I will take it as a good Bet since there's no negative news in
the corner....Maybe, next week we will see what this pair has in store for us....

USD.....Core Retail Sales can be tricky to trade, but I am hopeful and I would prefer the Data to come out
negative so that USD maintains its Bearishness throughout the Trading Day.

Quick Update on NZD/USD, M15TF

Trend Direction and Strength ( Low TF Market Bias )




Note: Not much going on right now, so I will be back after the USD News Report or later that day.

Take care Gangs!

Update of my last 5 trades.

GbpAud long, stopped out. Trades was doing good,once it became 1:1 i extended my TP to 1:2 but didnt bring my SL to breakeven. Lesson learned well.

GbpCad long, stopped out. Trade reached 2 pips short from TP then i got stopped out.

GbpUsd long, stopped out. Trade reached 1 pip short from TP then i got stopped out.

EurCad long, stopped out. Nothing special happened, it was in profit but didnt reached 1:1.

EurAud long, TP hit, gained 1:1.

Cheers.

It's really tough to move SL at Break-even when you know that there's potential on a particular pair, but
once we get into a Trade, the only thing we can CONTROL is our SL, and everything else is Optional.

No matter how small the Lot size is, we need to create habits for ourselves because later on, when we are trading
with massive lot sizes, we should be okay to follow our own rules....I am still dealing with that same issue (moving SL),
and today was no different.

I was very surprised on how the Trend changed very quickly on GBP Pairs, first I got in so late in the market
and second while I was doing my Top down Analysis/Projections, everything started to turn and my Dashboard
wasn't having it. Then, I decided to go to M1TF to find clarity, and opened few trades, the market stopped moving
and I knew that I was on the wrong side of the Market. So, Instead of risking the full -25pip SL on each pair, I decided
to give each of them a -15pip risk. Well, them trades didn't work out for me...

Hours later after the USD News Report, I knew that I had a second chance to go Long on GBP pairs, there were BuySignals
after 9:30am-ish, but I couldn't place any trades due to bad connections and lack of speed on the server for the EA
to respond accordingly....

Anyway, Friday trading could have been better for me or some of us out there, but this is how trading works. We are
always learning something....

More Opportunities to come next week and let's be ready and prepared!

Have a great weekend everyone!

Jay

Thats right mate. Gotta be more disciplined. Before closing the week i took another 5 entries on AudChf=long, AudUsd=long, NzdUsd=long, GbpJpy=short, CadJpy=short & UsdJpy=short based on csDash weekly strength metre. Took long for these pairs get a suitable entry point. I was able to close all of them in profit & recovered the most of the losses i made in post 1174.

Anyway this week was great. I took 30 entries in this week. I was able to exit with profit in 20 trades & 10 in loss. I traded in 15 pairs. Closed the week with +456 pips & account gaining of 144%.

Weekly update as follows:


Thanks Jay for all the support.

Have a great weekend everyone.

Cheers.

Hello Aar,

I am very impressed by your performance this week and your willingness to learn this new
approach/method.

There are thousands of systems and strategies on this forum, but you chose to give
mine a shot and was not afraid to be open about it.

Honestly, I value your optimism and your hunger to learn despite the amount of information
provided here daily. Your participation is greatly appreciated and I can't wait to see more of
your progress; and this is just the second week of the year. WOW!!!

As you are aware, I made a decision not to trade a certain group of pairs because of lack of patience
and slow movement in the market, but my advice to you [which is something that i need myself...]
is if you are going to trade a pair that does really well on a specific session, you might need to use a
Swing Trade approach to leverage your time so that you can get more Profits out of that pair.

Well done once again, and I hope that others can learn something new from your dedication...

Later

Theresa May to say UK is 'prepared to accept hard Brexit'

Theresa May is to announce that the government is prepared to accept a clean break with the EU
in its negotiations for the UK’s departure, according to reports.

In a speech to be delivered on Tuesday[Jan 17th], the prime minister is said to be preparing to make
clear that she is willing to sacrifice the UK’s membership of the single market and customs union in
order to bring an end to freedom of movement.

An article in the Sunday Telegraph cites “sources familiar with the prime minister’s thinking” as saying
that May is seeking to appease the Eurosceptic wing of her party by contemplating a “hard”, or “clean”,
Brexit.

In the speech to an audience of diplomats at London’s Lancaster House, May will hope to end months
of speculation about her intentions by setting out her aims for Brexit.

According to the Sunday Telegraph, she will say that the UK must:

1. be prepared to leave the EU customs union;
2. regain full control of its borders, even if that means losing access to the single market, and
3. cease to be subject to rulings by the European court of justice.

She will also use the address to appeal for unity after six months of bitter recriminations between
pro- and anti-EU factions. She will plead for an end to insults, the Press Association reports, as well as
the divisive terminology of “leavers” and “remainers”, and call on both sides to come together to make
a successful future for Britain outside the EU.

May is expected to focus on building “common goals” – such as protecting and enhancing workers’ rights
– in an attempt to create a consensus after months of acrimonious exchanges.

More reading Here

Weekly Economic Calendar (Jan 16th - Jan 20th, 2017 (Source: ForexCrunch )
Fundamental Trading ( Analysis and Research )






Mark Carney speaks: BOE Governor Mark Carney will speak in London. Mark Carney said last week that
the bank of England is likely to improve its economic forecast next month despite Carneys concerns over
the Brexit aftermath. Market volatility is expected.

NZD.........NZIER Business Confidence ( Medium Impact News )

UK inflation data: UK Consumer Prices edged up in November to 1.2% from 0.9% in October, amid
a sharp rise in clothing and petrol prices. However the recent decline in sterling is expected to cause
further increase in clothing inflation over the next year.
In case sterling weakness continues to increase raw material prices, businesses will pass the costs on
to buyers affecting consumer spending. The Bank of England expects inflation to continue to rise during
2017 to 2.7% and remain above the 2% target until 2020.


Tentative......NZD.......GDT Price Index (High Impact News )

Tentative......GBP......Prime Minister May Speaks ( High Impact News )