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

  • #1,301
  • Jan 30, 2017 11:52am Jan 30, 2017 11:52am
Quick Update on my EUR/GBP, H4TF Setup

This trade got stopped out and clearly the small bearish pullback was unnecessary. Will wait for another
Entry between tomorrow and Thursday after that major News on GBP.

I woke up a little bit too late, but there was a nice entry on M5TF around 8 and 8:30amCST.

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,302
  • Jan 30, 2017 11:56am Jan 30, 2017 11:56am
On a quick note, I didn't expect USD/JPY to reverse so quickly, but I guess I wasn't ready for that massive
movement.

Price Action is trading around key Hidden Levels....You might see a continuation to the downside or a complete
reversal....It's best to wait for the right EntryPoint.

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,303
  • Jan 30, 2017 12:12pm Jan 30, 2017 12:12pm
What to Expect during the Asian Session Later tonight:


Japan Rate Decision:

The Bank of Japan maintained its monetary policy in its December meeting amid modest pace
of growth. The decision was in line with market forecast.

The Bank also said it would continue to increase ETF purchases at an annual rate of 6 trillion.

Consumer prices rose mildly in October for the first time in nine months, and core inflation stared
another decline.

Furthermore, exports declined slightly annually, indicating stronger economic activity across the globe.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,304
  • Jan 30, 2017 12:46pm Jan 30, 2017 12:46pm
Quoting OctaveJay509
{quote} Well done on all your trades Marcnathan, and you should be excited for that performance in a single day... You did in fact follow the Daily Sentiment on each currency pair and the pips count will increase over time, but the most important thing is You took massive Actions today...
Quoting OctaveJay509
{quote} Another thing that I want you to remember is, the TriggerSignal represents a Turning point in the market and if that triggersignal matches with the Current Market Sentiment, eventually you will get a confirmation on the M30TF instead of the H4TF. In your case, you should always take in consideration the M30TF Trend, because that trend will be confirmed 4 hours later on H4TF. Btw, Market Projection is part of the package on my approach, and you have to do it all the time so that you can get multiple entries as long as the trend is maintaining...
Thank you as always Jay. Now that you've said it I'm all excited for another trading day. I would definitely follow and put to practice your advise. I'm really learning a ton of invaluable lessons from you. Thanks a lot for them Jay.
Patience and Discipline, these are the Holy Grail.
  • #1,305
  • Jan 30, 2017 1:15pm Jan 30, 2017 1:15pm
Quoting marcnathan88
{quote} {quote} Thank you as always Jay. Now that you've said it I'm all excited for another trading day. I would definitely follow and put to practice your advise. I'm really learning a ton of invaluable lessons from you. Thanks a lot for them Jay.
You are welcome mate, and I really appreciate your interest on learning from this new approach tho...

Once you learn everything you need to know about this system, feel free to help another trader out there....

Take care!

P.S 3-4 Hours a day in the market is all you need, and use the rest of the time to do research on Fundamentals and
trading psychology.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,306
  • Jan 30, 2017 3:03pm Jan 30, 2017 3:03pm
Hello Octave,

Going through my busy life again. Can't trade much. Anyway last week was good. Few positions were kept running through the weekend, rest were closed in profit. All positions closed today & started new again today. Account at 111% gain. Again placing pending orders based on HTF's. Trying to put realistic SL & TP. SL as minimum as possible & no way closing the trade or bring SL to breakeven until trade reaches 1:1. All this time i have been on demo, i am trying different approaches. Your this awesome thread is not about some arrow pops up & go in to the trade, this is something about understanding the market. You were right in your post because less people interact on your thread because nobody wants to do the heavy lifting. The more you keep analyzing everyday it becomes a habit. Thats what you are showing for the past 2 years consistently on this thread. You are analyzing the market in your way. I am trying your approach in my way. I almost removed all the indicators, very few are there, so that i can read the market more to understand with you. Definitely my trading improved after joining with you, learning a lot.

Jpy high impact news coming in few hours. Will see the sentiment after that. Closed my Jpy pending orders because of the news.

Marc those were some nice trades mate. Congrats.

Cheers.
How big can you think!
  • #1,307
  • Jan 30, 2017 9:49pm Jan 30, 2017 9:49pm
Quoting OctaveJay509
{quote} You are welcome mate, and I really appreciate your interest on learning from this new approach tho... Once you learn everything you need to know about this system, feel free to help another trader out there.... Take care! P.S 3-4 Hours a day in the market is all you need, and use the rest of the time to do research on Fundamentals and trading psychology.
Take care as well Jay. I'm looking forward to that day where I can finally help someone improve on their trading. That would be an achievement.

Quoting Aar
Hello Octave, Going through my busy life again. Can't trade much. Anyway last week was good. Few positions were kept running through the weekend, rest were closed in profit. All positions closed today & started new again today. Account at 111% gain. Again placing pending orders based on HTF's. Trying to put realistic SL & TP. SL as minimum as possible & no way closing the trade or bring SL to breakeven until trade reaches 1:1. All this time i have been on demo, i am trying different approaches. Your this awesome thread is not about some arrow pops...
Thanks a lot Aar. I should congratulate you a lot more for that 111% gain. I've read all your post and you were truly amazing on all your trades. Making hundreds of pips in a day, in a week. You've proven that this trading style/approach taught by Jay is truly working. I won't stop learning from him and you as well. I am willing to do all the heavy lifting and enjoy the process because that is the true way to succeed in this business. I believe that once I get used to the approach it won't be heavy lifting anymore. When it becomes a part of my trading routine, once it becomes a habit I will be able to it with ease. I'm looking forward to making the kind of pips you make and that 100% gain.

Thanks to both of you Aar and Jay.
Patience and Discipline, these are the Holy Grail.
  • #1,308
  • Jan 31, 2017 4:35am Jan 31, 2017 4:35am
Quoting Aar
Hello Octave, Going through my busy life again. Can't trade much. Anyway last week was good. Few positions were kept running through the weekend, rest were closed in profit. All positions closed today & started new again today. Account at 111% gain. Again placing pending orders based on HTF's. Trying to put realistic SL & TP. SL as minimum as possible & no way closing the trade or bring SL to breakeven until trade reaches 1:1. All this time i have been on demo, i am trying different approaches. Your this awesome thread is not about some arrow pops...
Hello Aar,

Not a problem mate, and I am very certain that you will find a way to trade the market despite your busy life
schedule...I always thought that swing trading would fit you well since you have been testing a lot with pending orders.

Anyway, not every trade is going to be a successful trade, but I hope that you find a technique that's going to give you an
edge in the market where you will place trades on Monday or Tuesday and close them on Fridays.

Congrats on getting all your gains back, and I really appreciate all the support... Feel free to drop some knowledge whenever
you can especially during the Asian Session when I am not around. LOL!

Take care!

Jay
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,309
  • Jan 31, 2017 4:53am Jan 31, 2017 4:53am
This might be a great training video to watch from an old friend, please enjoy it on your Free Time:

Inserted Video
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,310
  • Jan 31, 2017 4:57am Jan 31, 2017 4:57am
I had a quick Scalp on EUR/GBP after Mario Draghi Speech....and followed with some positive Data
on EUR.

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,311
  • Jan 31, 2017 5:20am Jan 31, 2017 5:20am
Potential Trade Setup on GBP/CAD, H4TF

I will be looking for EntryPoint on Lower TF as long as the Daily Sentiment stays the same for the
next 3 days.

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,312
  • Jan 31, 2017 5:34am Jan 31, 2017 5:34am
I missed the Initial Move to the upside, but I would like to see another surge at some point, but price needs to break above
122.00 and stays there for the rest of the day.

Anyway, EUR is losing a little bit of momentum....

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,313
  • Jan 31, 2017 6:35am Jan 31, 2017 6:35am
Note:

EUR/JPY got stopped out at break-even +10
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,314
  • Feb 1, 2017 12:51am Feb 1, 2017 12:51am
Current Market Condition/Sentiment: ( Observation ONLY )

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  • #1,315
  • Feb 1, 2017 1:02am Feb 1, 2017 1:02am
Potential Watchlist for Today:

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,316
  • Feb 1, 2017 1:13am Feb 1, 2017 1:13am
Upcoming High-Impact Risk Events:

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,317
  • Feb 1, 2017 1:25am Feb 1, 2017 1:25am
What to Expect from a Fundamental Standpoint:


US ADP Non-Farm Employment Change:

U.S. private sector added 153,000 jobs in December, below market forecast. Economists expected
the ADP National Employment Report would show a gain of 171,000 jobs. Private payroll gains in the
month before showed a downwardly revised addition of 215,000 jobs from an initially reported 216,000
increase. A gain of 165K private sector jobs is expected for January.


US ISM Manufacturing PMI:

The ISM manufacturing index edged up 1.5 points in December, hitting the best score in two years.
Analysts expected the index to reach 53.7. New orders climbed to 60.2 up 7.2 points which is the sharpest
jump of the entire cycle. Production increased 4.3 points to 60.3, employment edged up eight-tenths to 53.1,
and export orders reached 56.0 which is a 2-1/2 year high. This was a strong start to 2017. A score of 55 points
is likely for January.

US Crude Oil Inventories:

U.S. crude oil inventories increased by 2.93 million barrels in the January 20 week to 488.3 million, rising by
5.3 percent from the same period last year. Inventories of motor gasoline rose 6.8 million barrels to 253.2,
while distillates rose marginally by 0.1 million barrels to 169.1 million. Imports averaged 7.8 million bpd in
the week, down 568,000 barrels per day from the prior week.
Total products supplied over the last four weeks averaged 19.0 million barrels per day, down 300,000 per day
from the previous week’s 4-week average and down 2.6% from the same time last year.


US FOMC Rate Statement:

The Federal Reserve decided to raise its benchmark interest rate in December as widely anticipated. Federal funds
rate was increased by 25 basis points, to a range of 0.50 to 0.75%. This was the second rate hike in a decade.

The Fed plans to gradually lift the monetary policy support and enable the economy room to advance without it.
President Donald Trump pledged to cut taxes for corporations and individuals and to invest about $550 billion in
infrastructure. Economists expect these steps will spur economic growth and inflation while supporting company
earnings.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,318
  • Feb 1, 2017 1:29am Feb 1, 2017 1:29am
Note: I don't have any GBP pairs on my watchlist right now, but if I see some movement after the news report,
I might scalp one or 2 pairs....Anyway, I will be observing them pairs on my old DashBoard.


Trend Direction and Strength ( LOW TF Market Bias )

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,319
  • Feb 1, 2017 1:50am Feb 1, 2017 1:50am
A FREE 3-DAY LIVE Trading Workshop ( Feb 7th - 9th )



Inserted Video




Signup link Here:


Note: I have learned so much from those 2 guys over the years, and they are going to host a Trading Workshop
Next Week.....Feel free to sign up now, and the event is completely FREE...
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,320
  • Feb 1, 2017 1:29pm Feb 1, 2017 1:29pm
Fed Nods to Improving Sentiment While Leaving Rates Unchanged

Federal Reserve officials left interest rates unchanged while acknowledging rising confidence among
consumers and businesses following Donald Trump’s election victory.

“Measures of consumer and business sentiment have improved of late,” the Federal Open Market
Committee said in its statement Wednesday following a two-day meeting in Washington. Policy makers
reiterated their expectations for moderate economic growth, “some further strengthening” in the labor
market and a return to 2 percent inflation.

The Fed provided little direction on when it might next raise borrowing costs, as officials grapple with the
uncertainty created by a new presidential administration. Policy makers in December penciled three rate
hikes into their 2017 forecasts, but committee members differ over assumptions regarding the extent to
which tax cuts, spending and regulatory rollbacks proposed by Trump and Republicans might boost growth
and inflation.

Surveys of consumers and businesses have shown significant increases in optimism for the economy following
Trump’s November win, though in some cases sentiment is divided along party lines.

The FOMC repeated that it anticipates interest rates will rise gradually. The statement said job gains “remained
solid” and the unemployment rate “stayed near its recent low,” a tweak from December’s language that the
rate “has declined.”

“Inflation increased in recent quarters but is still below the committee’s 2 percent longer-run objective,” the Fed
said. Market-based measures of inflation compensation are “still low,” the central bank said, after saying in
December that such measures had “moved up considerably.”

Labor Market

In recent months, confidence in the economy has grown amid continued strong hiring, with employers adding
an average 200,000 jobs a month since June. The unemployment rate stood at 4.7 percent in December, near
or below most estimates for its lowest sustainable level.

Inflation has also crept closer to the Fed’s 2 percent target. The central bank’s preferred measure of price gains,
excluding food and energy, rose 1.7 percent in the 12 months through December.

Gross domestic product expanded at a 1.9 percent annualized rate in the fourth quarter, slightly below expectations
amid an increase in the trade deficit, according to data released last week. Consumer spending increased at a 2.5
percent pace, in line with forecasts, and business investment picked up.

Note: Mixed Data and there's no clear reason why USD is weakening....It's pointless to use President Trump non-sense
Executive Orders as an excuse, but from a Technical standpoint, it might be time for USD/JPY setup on Daily TF to unfold...
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
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