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

  • #1,241
  • Jan 24, 2017 1:14am Jan 24, 2017 1:14am
Current Market Condition/Sentiment: ( Observation ONLY )

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1. USD
2. CAD
3. EUR


6. AUD
7. NZD
8. GBP
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,242
  • Jan 24, 2017 1:22am Jan 24, 2017 1:22am
Trend Direction and Strength (CsDash)

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,243
  • Jan 24, 2017 1:25am Jan 24, 2017 1:25am
My Potential Daily Watchlist :

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,244
  • Jan 24, 2017 1:29am Jan 24, 2017 1:29am
Quoting Aar
Hello Octave, Thanks mate for the suggestions. You told in your previous posts if analyzing in H4 chart trade from M30 chart. Good idea. I will try that. Ok i will keep an eye on the news. I am trying pending orders now, so far 3 placed, waiting for them to trigger. This one is the new one EurAUd placed pending order EurAud po 24th.png;2152884 Waiting for your daily watchlist analysis. Thanks. {image}

I am not sure how EUR News is going to affect the Current Market Sentiment, but I think that EUR/AUD is
most likely to go UP as long as AUD maintains its weakness.

Right now, we have to rely on USD to stay Strong throughout the London Session....

Note: The Uptrend Reversal has been confirmed on EUR/AUD but we need Momentum for it to go Higher. Maybe
some positive data on German Flash Manufacturing PMI.


Here's what I am looking at:

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,245
  • Jan 24, 2017 1:49am Jan 24, 2017 1:49am
Quoting OctaveJay509
{quote} I am not sure how EUR News is going to affect the Current Market Sentiment, but I think that EUR/AUD is most likely to go UP as long as AUD maintains its weakness. Right now, we have to rely on USD to stay Strong throughout the London Session.... Note: The Uptrend Reversal has been confirmed on EUR/AUD but we need Momentum for it to go Higher. Maybe some positive data on German Flash Manufacturing PMI. Here's what I am looking at: Screenshot 2017-01-24 01.38.29.png;2152922 {image}
Hello Octave,

Thanks mate for the daily watchlist.

Right, i think also EurAud will go long, waiting for the pending order to trigger. If the Eur News are good then yes there's a good possibility.

Cheers.
How big can you think!
  • #1,246
  • Jan 24, 2017 1:51am Jan 24, 2017 1:51am
Quick Update on EUR/AUD, H4TF


A Buysignal has been triggered on M5TF, but the fact that we have EUR News at 2:00amCST, I will
consider this trade as a Risky one.

If Price Action decides to drop significantly on Negative Data, I will wait for a bounce near 1.41000ish
and I might trade the negative data as well to make up for any losses.

Be careful on this pair!

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,247
  • Jan 24, 2017 1:53am Jan 24, 2017 1:53am
Quoting Aar
{quote} Hello Octave, Thanks mate for the daily watchlist. Right, i think also EurAud will go long, waiting for the pending order to trigger. If the Eur News are good then yes there's a good possibility. Cheers.
Let's hope the news is positive mate. I noticed a lot of Buyers on EUR/AUD....
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,248
  • Jan 24, 2017 1:59am Jan 24, 2017 1:59am
Quoting OctaveJay509
{quote} Let's hope the news is positive mate. I noticed a lot of Buyers on EUR/AUD....
Alright mate good luck. News incoming in few minutes.
How big can you think!
  • #1,249
  • Jan 24, 2017 2:09am Jan 24, 2017 2:09am
Trades update:

All trade closed, total 100 pips gained. None of the pending orders triggered yet. I will keep analyzing charts & will look for entry opportunity.

Cheers.
How big can you think!
  • #1,250
  • Jan 24, 2017 2:10am Jan 24, 2017 2:10am
French Private sector output rises to greatest extent for over five-and-a-half years


January’s flash France PMI data signalled further marked growth in the French private sector,
and at a quicker pace than seen in December.

Indeed, the rate of expansion was the best recorded for over five-and-a-half years, underpinned
by the best increase in services activity for 19 months.

The Markit Flash France Composite Output Index, based on around 85% of normal monthly survey
replies, registered 53.8, compared to December’s reading of 53.1. The latest figure pointed to a
marked rate of growth that was the best since June 2011.

Service sector activity increased for the seventh time in as many months during January. Moreover,
the rate of growth was the most marked in over a year-and-a-half. Meanwhile, manufacturing firms
noted a fifth successive rise in output. The rate of growth remained marked, despite easing marginally
from December’s 67-month high.

The level of new business received by private sector companies in France continued to rise in January,
thereby extending the latest sequence of expansion to seven months. The increase was broad-based
across both the services and manufacturing sectors, with the strongest rate of growth evident in the
former.....

Note: The News came out positive, it's just a matter of time to see some actions until German Flash Manuf Data.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,251
  • Jan 24, 2017 2:19am Jan 24, 2017 2:19am
Quoting Aar
Trades update: All trade closed, total 100 pips gained. None of the pending orders triggered yet. I will keep analyzing charts & will look for entry opportunity. Cheers.
Great Job mate!

A quick Reminder, the Trend on H4TF needs to match on M30TF, then you look for EntryPoint on M15TF or M5TF...
This is the quickest way to do a Top-Down Analysis on Higher TF when you have a Clear Market Bias.

Note: I don't see any movement in the market yet, so I will be patient and wait until 3:30amCST.

Happy Trading mate!
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,252
  • Jan 24, 2017 3:02am Jan 24, 2017 3:02am
German Private sector growth slows slightly but manufacturing remains buoyant


German private sector growth eased slightly in the first month of 2017, with a growth slowdown
at service providers offsetting a firmer improvement in manufacturing performance.
At 54.7, the Markit Flash Germany Composite Output Index still pointed to robust growth in January
that was faster than the 2016 average (54.3).

However, the latest reading was down from 55.2 in December and the lowest in four months.

Mirroring the overall trend, growth of services activity slipped to a four-month low. In contrast,
manufacturers saw December’s acceleration sustained through to January. Production increased to
the greatest extent in close to three years.......

The overall Manufacturing PMI rose to its highest since the start of 2014 for the second straight
month. The upturn contributed to the greatest lengthening of supplier lead times since mid-2011,
though panel members also mentioned shortages of materials such as steel. Stocks of purchases
were meanwhile broadly stable.

Finally, private sector optimism improved to a three-year high in January. Sentiment picked up in
both the manufacturing and service sectors.

Note: We have mixed data for the German Flash Manufacturing and Services PMI. I have no intention
to close out my Current Trade on EUR/AUD since the Overall Market Trend is still Bullish. I just have to
monitor AUD Condition for now, and hope for the best....

P.S As you all know that, EUR/AUD is a combination of EUR/USD and AUD/USD. In this situation, I would
like to see a positive deviation on USD Strength throughout the London Session. Otherwise, this trade
will stop out...
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,253
  • Jan 24, 2017 3:07am Jan 24, 2017 3:07am
Quick Update on EUR/AUD, M5TF

A Sellsignal has been triggered, but EUR Sentiment hasn't been confirmed yet...

So, I will let the market stops me out instead of closing it right away....I did move my stop at -15pip

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,254
  • Jan 24, 2017 3:20am Jan 24, 2017 3:20am
Note: There's nothing I can do right now, I just have to let the market does its thing...I will be back
during the U.S Session or a little later than....

Happy Trading yall!

P.S Keep your eyes open on any GBP movement... There's a Major News around 3:30amCST, I will trade that
news as a follow through since UK Prime Minister laid out her plan last week....

GBP/USD Sentiment reversed on me and I didn't want to trade that move since my market bias was Bearish....
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,255
  • Jan 24, 2017 3:26am Jan 24, 2017 3:26am
I like the notes & PS of your news analysis. Keep it up mate, easy to understand for me

Eur news came out positive so far. Good for Euro, showing strength in daily frame but medium strength in weekly frame. Aud is weak in both frame. hope for the best mate. So far 8 pending orders placed. Looking for opportunity.

Gbp high impact coming in 5 minutes.

Cheers.
How big can you think!
  • #1,256
  • Jan 24, 2017 2:36pm Jan 24, 2017 2:36pm
Last Update on EUR/AUD

The Long Trade didn't work out. Price hit my SL...I will see if I can find another Opportunity to get in again
during the London Session Tomorrow.


Note: I will not be trading the Asian Session later tonight, but we do have a major AUD News. This is going
to be a great news to see what AUD/USD wants to do for the rest of the week.

No more trading for me until Tomorrow....

Happy Trading Everyone!
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,257
  • Jan 24, 2017 2:40pm Jan 24, 2017 2:40pm
Quoting Aar
I like the notes & PS of your news analysis. Keep it up mate, easy to understand for me Eur news came out positive so far. Good for Euro, showing strength in daily frame but medium strength in weekly frame. Aud is weak in both frame. hope for the best mate. So far 8 pending orders placed. Looking for opportunity. Gbp high impact coming in 5 minutes. Cheers.

You are welcome about the notes mate!

GBP News was a bit confusing, and I didn't read the Court Ruling, maybe i will find the Article
later tonight and see what they said...But the thing is GBP/USD went Up while GBP/CAD went
down. I couldn't trade both of them, but my short on GBP/USD got stopped out.

I hope that your pending orders got triggered and make some profits mate...

Later!
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,258
  • Jan 24, 2017 3:59pm Jan 24, 2017 3:59pm
Hello Octave,

Right mate, Gbp neither going up or down. I have placed 22 pending orders on different pairs, mostly same buy stop & sell stop on same charts, specially Gbp pairs. 7 trades triggered, currently at 70+ pips.

AudJpy long
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AudNzd short
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CadJpy long
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EurCad short
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GbpCad short
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NzdJpy long
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NzdUsd long
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Current trade updates
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Cheers.
How big can you think!
  • #1,259
  • Jan 24, 2017 4:04pm Jan 24, 2017 4:04pm
Current update.

Closed all Aud positions including pending orders. Aud high impact coming in 2 & half hours. I wont be near my trading panel.
Will check the sentiment later.

Happy trading all.

Cheers.
How big can you think!
  • #1,260
  • Jan 25, 2017 12:36am Jan 25, 2017 12:36am
Aud news came out, both is weak. Aud is maintaining its weakness. Tomorrow Aud bank holiday. I have placed few pending orders on the chart. 2 more trades triggered since my last post, curently 7 trades in progress. New trades are GbpJpy & GbpChf long. I moved my SL to +45 pips on EurCad & CadJpy to secure profit, as theirs movement is not looking good.

Cheers.
How big can you think!
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