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

  • #1,441
  • Apr 3, 2017 12:16pm Apr 3, 2017 12:16pm
Current Market Condition/Sentiment: ( Observation ONLY )

Attached Image (click to enlarge)
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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,442
  • Apr 3, 2017 12:24pm Apr 3, 2017 12:24pm
Trend and Strength Update: (CsDash )

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,443
  • Apr 3, 2017 12:40pm Apr 3, 2017 12:40pm
Quick Update on the Weekly Economic Calendar by Jarratt Davis:


Inserted Video
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,444
  • Apr 3, 2017 12:51pm Apr 3, 2017 12:51pm
What to Expect During the Asian Session (Later Tonight )

AUD News

Australian rate decision:
The Reserve Bank maintained the official cash rate at 1.5% in March, keeping the rate unchanged for
the sixth meeting in a row. Reserve Bank governor Philip Lowe often spoke about keeping rates on hold
to balance the need to boost inflation while maintaining financial stability amid record household debt.

Policymakers are following international interest rate movements before making a move.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,445
  • Apr 3, 2017 1:15pm Apr 3, 2017 1:15pm
Based on the Current Market Condition:

EUR is still Strong and AUD is still Weak, therefore we should be looking for Long Trade.


EUR/AUD, H4TF
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EUR/AUD, M30TF
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Note: As you can see, the Bullish Trend hasn't been confirmed yet on the H4TF, but the Market
wants to go UP based on the Current Sentiment. When I look at the M30TF, I can see a much better
Entry point with less risk. There's no need to force any trade, it's best to wait for the right opportunity.

I will be looking at this setup for the rest of the week because it is part of my Weekly Watchlist.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,446
  • Apr 3, 2017 1:15pm Apr 3, 2017 1:15pm
Hey octave, why not move your thread to the journal section instead of the trading discussion one since you seem to be the only one participating here ?
Also, i hope you dont mind me asking, but according to your 1st post, you said the goal of this thread was-is to help doubling accounts on weekly basis, and since you opened this thread in 2015, can you tell a bit about your end results thus far.
Thanks .
  • #1,447
  • Apr 3, 2017 1:46pm Apr 3, 2017 1:46pm
Quoting metta87
Hey octave, why not move your thread to the journal section instead of the trading discussion one since you seem to be the only one participating here ? Also, i hope you dont mind me asking, but according to your 1st post, you said the goal of this thread was-is to help doubling accounts on weekly basis, and since you opened this thread in 2015, can you tell a bit about your end results thus far. Thanks .
Hi Metta87,

You made a great point, but it doesn't really matter in what section I place the thread, the interaction is going
to be the same.....When I first started, the intention was to help new traders, thousands of traders downloaded
the indicators, and it's up to them to apply the knowledge here and I can't force them to get involved. And on top
of that, I don't like to take credits for other people's success (I only show them the right direction, then they make
their own decisions for Success )

I laid out the Blueprint on how to Double Accounts, few people did that and I did that once or twice, but at the end
it wasn't the ultimate goal.....

What are your objectives?
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,448
  • Apr 3, 2017 1:58pm Apr 3, 2017 1:58pm
Quoting OctaveJay509
{quote} You are welcome Classy! I am not sure if you are familiar with that Zig Zag Indicator, but it will help you a lot to spot Emerging Harmonic Pattern Formation..... The moment you see an Impulse Leg or a starting point to a so called "Trend, you simply use you Fibonacci Levels to wait for a retracement. Once you get your XA = Impulse Leg and AB= Retracement, your job now is to observe the market until you get your C-Leg. * If you are dealing with a Gartley or Bat Pattern Formation, price Action is going to move or wave inside your framework...
Execellent lesson mate thaks a lot to share your knowledge and skill.yea i love zigzag and i have a lof of zizzag indicators too (i love to play with indicators in my idle time and demo trading).please continue your sharing/idea..thanks
Say something meaningful or Silence!!
  • #1,449
  • Apr 3, 2017 8:49pm Apr 3, 2017 8:49pm
Quoting OctaveJay509
{quote} Hi Metta87, You made a great point, but it doesn't really matter in what section I place the thread, the interaction is going to be the same.....When I first started, the intention was to help new traders, thousands of traders downloaded the indicators, and it's up to them to apply the knowledge here and I can't force them to get involved. And on top of that, I don't like to take credits for other people's success (I only show them the right direction, then they make their own decisions for Success ) I laid out the Blueprint on how to Double...
hey octave i was asking because i was curious to know, it seemed to me that your thread was a little quiet, thats all.
Thanks for answering.
  • #1,450
  • Apr 3, 2017 8:54pm Apr 3, 2017 8:54pm
Quoting OctaveJay509
{quote} Haha! It's a lot easier for me to trade that way because this style of trading takes in consideration both concepts (Technical Analysis and Fundamental Analysis). Sometimes, I jump the gun too early but I can recover from any mistakes since I am able to figure out what went wrong very quickly. Anyway, FXCM was banned from doing business in the U.S. So, right now I am dealing with at least 3 different Brokers with 3 different data(Candlesticks). Loss focus a little bit and decided to go back to the drawing board and re-backtesting all my...
Thanks for the offer but I dont know anybody man that has money.
  • #1,451
  • Apr 3, 2017 11:46pm Apr 3, 2017 11:46pm
Quoting OctaveJay509
Trend and Strength Update: (CsDash ) {image}
Hi mate please shed light about this indicator,i mean how you use ? .is it shareable?
Say something meaningful or Silence!!
  • #1,452
  • Apr 4, 2017 1:19am Apr 4, 2017 1:19am
Quoting metta87
{quote} hey octave i was asking because i was curious to know, it seemed to me that your thread was a little quiet, thats all. Thanks for answering.

No Problem! Maintaining a thread like this is very time consuming, and I took a few weeks off from posting
trade ideas or setups because I switched to a new broker, and I wanted to go back to the drawing board and
re-backtesting all my indicators....
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,453
  • Apr 4, 2017 1:40am Apr 4, 2017 1:40am
Quoting classy
{quote} Hi mate please shed light about this indicator,i mean how you use ? .is it shareable?

Of course, I can share it.

Well, Just go on post#1216, you will see all the information you need:
https://www.forexfactory.com/showthr...83#post9457983

This is how I like to use it:

In order for me to make the right decision in the market, I always like to
wait for the Daily Sentiment (Long or Short) on my watchlist to match with the overall Market Trend
on each pair. Then, I go to CsDash indicator to see which pair that has the most buyers or sellers
for that day....

Anyway, I am still learning it and you might need to give yourself at least a full week of observation
before applying it into your trading......And on top of that, if the sentiment is reversing, you will see that
within minutes after my template(system) gives the signal.

I hope that my explanation was very helpful mate.....
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,454
  • Apr 4, 2017 1:48am Apr 4, 2017 1:48am
Quoting thjw
{quote} Thanks for the offer but I dont know anybody man that has money.

The money won't be a problem, you will be fully funded once you go through a DEMO Testing for a few weeks...

I will let my friend gets in touch with you this week or next week and he will give you all the details....
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,455
  • Apr 4, 2017 1:57am Apr 4, 2017 1:57am
The Retracement on EUR/AUD wasn't deep enough to reach my pending order area.....

Funny thing is I was long on that trade since last week, and gave up on it...LOL

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This is the Initial Trade Setup ( Bullish Divergence Setup on Hourly Chart)

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,456
  • Apr 4, 2017 2:01am Apr 4, 2017 2:01am
Tuesday, April 4th 2017 @ 2:00amCST

Current Market Condition/Sentiment: ( Observation ONLY )


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Click to Enlarge Name: Screenshot 2017-04-04 02.00.57.png Size: 114 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,457
  • Apr 4, 2017 2:13am Apr 4, 2017 2:13am
Quoting OctaveJay509
{quote} The money won't be a problem, you will be fully funded once you go through a DEMO Testing for a few weeks... I will let my friend gets in touch with you this week or next week and he will give you all the details....

ok sounds good.
  • #1,458
  • Apr 4, 2017 4:38am Apr 4, 2017 4:38am
Quoting OctaveJay509
{quote} Of course, I can share it. Well, Just go on post#1216, you will see all the information you need: https://www.forexfactory.com/showthr...83#post9457983 This is how I like to use it: In order for me to make the right decision in the market, I always like to wait for the Daily Sentiment (Long or Short) on my watchlist to match with the overall Market Trend on each pair. Then, I go to CsDash indicator to see which pair that has the most buyers or sellers for that day.... Anyway, I am still learning it and you might need...
Thanks a lot mate.obviously it is helpfull.i will test and give you feedback.
Say something meaningful or Silence!!
  • #1,459
  • Apr 4, 2017 11:01am Apr 4, 2017 11:01am
Quoting classy
{quote} Thanks a lot mate.obviously it is helpfull.i will test and give you feedback.

Great! Just use it as an add-on for Confirmation!
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,460
  • Apr 4, 2017 11:05am Apr 4, 2017 11:05am
Current Market Condition/Sentiment ( Update )


Attached Image (click to enlarge)
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Note: Market was very quiet throughout the London Session. Got burned on a few trades....


Just one example Here:

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
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