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

Well Jay it worked partly, but it appears I am still missing something. Thanks!

I am not really sure what the problem is right now, maybe you have changed something in the input...

Can you post a screenshot of the input section?

Great Training Video by Jason:

Current Market Condition/Sentiment: ( Observation ONLY )

Random Training video about Fundamentals:

Weekly Market Update Video by Jarratt Davis ( Feb 27th - March 3rd )

Trend and Strength ( CsDash Update )





Note: Monday Trading is like a construction day for me, I need to allow the Market to show itself before
I can commit to any Direction for the rest of the week....


High-Impact Risk Event

7:30am.........USD.......Core Durable Goods Orders

AUD/NZD, H4TF - Potential Trend Reversal




I have been stalking this trade setup for the past 3 weeks, but this pair is very resistant due to the
fact that AUD and NZD have been strong for the past 4 weeks...

I am not sure if this week is going to be the confirmation week, but the SellSignal has been triggered
since last week...Right now, I am just waiting for some Negative News on AUD for the next few days
or weeks...

Profit Target Potential is between 300-500pip....I will be taking small bite at a time....

USD/JPY, H4TF - Potential Trend Reversal




This might be the time where USD/JPY decides to make a U-Turn and let the world knows that
the Bulls are about to take over for the next 3 weeks or so.....

It's too early to tell if the Fed is going to raise Rate in March, but I am very hopeful that the sentiment
is going to be Hawkish going forward....

Profit Target is between 130-220pip


Let's hope for the best y'all!

Remark: If USD/JPY decides to go UP, the yen crosses might follow....I am already Long CHF/JPY, that Proxy!

Quick Update on CAD News for Tomorrow (Wed )

Canadian rate decision:
The Bank of Canada kept its overnight rate target at 0.5%, due to global uncertainty, particularly in the
United States. Governor Stephen Poloz said the Central Bank was concerned about the U.S. trade policy
and its effects on the Canadian economy.

Uncertainty remains high making it difficult for the BOC to provide economic projections. The BOC upwardly
revised its 2017 GDP outlook to 2.1%, despite the strong Canadian dollar weighing on exporters as well as
concerns over US trading policy.


CAD/CHF, H4TF is on my Radar:

Current Market Condition/Sentiment: ( Observation ONLY )

Bank of Canada maintains overnight rate target at 1/2 per cent

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2
per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.

CPI inflation rose to 2.1 per cent in January, reflecting higher energy prices due in part to carbon
pricing measures introduced in two provinces. The Bank is looking through these effects, as their
impact on inflation will be temporary.

The Bank’s three measures of core inflation, taken together, continue to point to material excess
capacity in the economy.

Overall, recent data on the global and Canadian economies have been consistent with the Bank’s
projection of improving growth, as set out in the January Monetary Policy Report (MPR). In Canada,
recent consumption and housing indicators suggest growth in the fourth quarter of 2016 may have
been slightly stronger than expected.

However, exports continue to face the ongoing competitiveness challenges described in the January MPR.
The Canadian dollar and bond yields remain near levels observed at that time. While there have been
recent gains in employment, subdued growth in wages and hours worked continue to reflect persistent
economic slack in Canada, in contrast to the United States.

The Bank’s Governing Council remains attentive to the impact of significant uncertainties weighing on
the outlook and continues to monitor risks outlined in the January MPR.

In this context, Governing Council judges that the current stance of monetary policy is still appropriate
and maintains the target for the overnight rate at 1/2 per cent.

CAD is currently Weak and CHF is currently Strong. It makes sense to go Short on this pair, but
the reversal setup is still valid. Therefore, I am risking a small position just to observe the market....




Note: It's best to wait for an Entry on M15TF or M30TF...My pending order got triggered, so I have to
deal with it...

Global News Coverage on Bloomberg TV

Quick Update on CAD/CHF

The Daily Sentiment on CADCHF is still Bearish, and it feels like the market failed to take into consideration
the positive GDP Data earlier this morning. I am still watching this pair, and I am going to give it some time
to breathe....

Canada gross domestic product by industry, December 2016

Gross domestic product (GDP) grew 0.3% in December. With the exception of October, GDP has increased every
month since June. Utilities, construction and wholesale trade were the main contributors to growth in December.

Goods-producing industries rose for the sixth time in seven months, up 0.5% in December. Service-producing
industries were up 0.2%, as the majority of sectors grew.

After three consecutive monthly declines, the utilities sector grew 3.4% in December. Electric power generation,
transmission and distribution (+3.3%) and natural gas distribution (+7.3%) both rose as seasonal weather returned
across the country in December. In November, unusually warm weather led to lower demand for heating.

The construction sector grew 1.0% in December, the third increase in four months following weakness earlier in 2016.
After a string of declines since the fourth quarter of 2014, engineering and other construction activities rose 2.0% in
December, the largest gain since April 2012. Residential construction rose 0.7%, on higher single and multi-unit dwellings
construction. Non-residential construction contracted 0.4%.

Wholesale trade grew 1.2% in December. The majority of subsectors increased, led by higher wholesaling of machinery,
equipment and supplies, petroleum products and food, beverage and tobacco products. The wholesaling of motor vehicles
and parts edged down on lower imports and exports.

Manufacturing was up 0.4% in December. With the exception of October, the manufacturing sector's output has risen every
month since June 2016.
Durable manufacturing rose 0.7% in December. The gain was led by transportation equipment, which rose 3.4% following
three consecutive monthly declines. There were also notable increases in fabricated metal product and miscellaneous
manufacturing. Non-metallic mineral product manufacturing was lower, while primary metal manufacturing fell for the third
time in four months.
Non-durable manufacturing was essentially unchanged. Results were mixed, as decreases in chemical and food
manufacturing were mainly offset by growth in paper manufacturing and petroleum and coal products. Plastics and rubber
products manufacturing had higher output for the fourth time in five months.

More Reading:

USD/JPY, H4TF - Trend Reversal Trade

This pair beat our expectations


Before:



After:

We might see a small pullback ??????

Trend and Strength ( CsDash )

Goldman Raises March Rate Hike Odds To 95% After Yellen Speech


Following Yellen's speech which did not throw any curve balls to this week's sharply revised, hawkish
narrative by her FOMC peers, a March rate hike - according to Goldman - appears to be in the books.

In a note moments ago by Goldman's Jan Hatzius, the investment bank said that the bottom line is
that "Fed Chair Yellen said today that a rate increase at the March FOMC meeting “would likely be appropriate”,
as long as incoming data continue to confirm officials’ outlook. We see this as a strong signal for action
at the upcoming meeting, and have raised our subjective odds of a hike to 95%."

Goldman's key points:

1. In remarks this afternoon, Fed Chair Yellen indicated a readiness to raise the funds rate at the FOMC’s
March 14-15 meeting in fairly explicit language. She said that as long as “employment and inflation are
continuing to evolve in line with” officials’ expectations, “a further adjustment of the federal funds rate
would likely be appropriate”. As a result, we now see a hike at the March meeting as close to a done deal,
and have raised our subjective probability to 95%.

2. The remainder of Chair Yellen’s speech focused on the Fed’s post-crisis monetary policy strategy in general,
and did not discuss incoming data in much detail. However, given constructive comments about current
economic conditions from many Fed officials this week—including from Vice Chair Fischer at today’s US Monetary
Policy Forum—we think committee members will see recent news as consistent with their outlook, and therefore
supportive of further tightening.

At this stage, the February employment report—to be released next Friday—may have more bearing on the
committee’s guidance about action after the March meeting than on its decision whether to hike this month.

The only variable left now is next week's jobs report, the only remaining indicator of the "evolving economy"
before the FOMC's March 15th meeting. Absent a dramatic plunge, March now appears assured.