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

Trend & Strength ( CsDash Update )

IF EUR maintains its strength throughout the London Session, we might see some good
movement in the market...

Today might be the starting point of a very nice Uptrend on EUR pairs. Not all of them, but some...

Remember this: You find setup on H4TF, and wait for confirmation on M30TF - Then, Use M5TF
for multiple Entries based on the Trend of the Higher Timeframe.

EUR/CAD, H4TF




EUR/USD, H4TF



Note: Once the Bullish Trend is confirmed on M30TF, you can get as many try as you can, you will still be
a winner at the end of the day... This is a potential 3 weeks move.....

Current Market Condition/Sentiment: ( Observation ONLY )




Note: CAD is Strengthening......Observation Mode!!!

What to Expect Today ( Fundamental News )

Thanks OJ for your generous and encouraging insights. Enjoy Easter break.

Thank you mate, and you are welcome.

Hope you have a great Easter Break as well!!!

Note: CAD is still Strong, but there's no momentum to it...I am not sure what to make of it, but the
market is playing game right now....I would hate to get stopped out by random spread....

I would like to see some Weakness on CAD before the news tho.... 1 more hour away now.

Quick Update on CAD News (Forecast)

Canadian rate decision:

The Bank of Canada kept its benchmark interest rate unchanged in March while monitoring
“significant uncertainties” weighing on the outlook for the economy.

Policymakers are worried that Donald Trump’s new economic policies, such as border tax and
protectionist policies, will have a negative effect on Canadian investment and exports.

The central bank expected stronger growth in the fourth quarter of 2016 according to positive
GDP data. However, exports continue to face difficulties while wage growth has weakened.

I got stopped out on the initial move to the Upside.....




Note: 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.

Global economic growth is strengthening and becoming more broadly-based than the Bank had
expected in its January Monetary Policy Report (MPR), although there is still considerable uncertainty
about the outlook.

In the United States, some temporary factors weighed on economic activity in the first quarter but
the drivers of growth remain solid.

Lesson Learned on CAD/CHF Trade Setup:

From a Technical Analysis standpoint, the setup was somewhat perfect because the "sell trade" was based
on the overall Market Trend (Daily). I was simply taking advantage of a turning point in the market and at
the same time I didn't want to assume that Price is going to hit that 78.6% Fib Level...

So, Whenever you place a trade in the market, your level of confidence is only 50% when your reasoning is
solely based on Technicals...As traders, we owe it to ourselves to study the Fundamentals so that our level of
confidence can increase over time...

Listen, This is not about knowing the numbers before the report, if you pay attention carefully, you will notice
how CAD and CHF were strengthening back and forth. If you don't have this kind of information at your finger
tip, you will freak out the whole time and hoping for a miracle, because you have no idea what's happening
behind the scene.

Anyway, my point is I could have easily closed that trade ahead of time since the sentiment wasn't in my favor,
but i hold on to it, because I wanted to see how often the sentiment has to match with the overall market trend.

As you can see the Sentiment didn't give a shit... To be honest with you, I am still bearish on this trade, but I have
to be patient and wait until the sentiment matches with the Overall Market Trend...



Note: If you go back on my Trade Logic, you will know exactly what I am talking about.

There's no need to be Rambo, you just have to follow few simple rules. (#1. Trend -----#2 Sentiment ------#3TriggerSignal )

AUD/USD, H4TF had a great run

Trend & Strength ( CsDash Update )

I wish I was on them EUR Trades at the beginning of the Asian Session




So many red everywhere. LOL!!!

Market Risk-Events ( Video Update by Jarratt Davis )

Trend & Strength Update ( CsDash )

GBP/AUD, H1TF

Sometimes, it's pointless to wait for confirmation when you know what to expect in the market.

As long as your risk is manageable, you can always trade a small position to see how the market reacts.

I was observing this trade since Monday morning (London Open), and i didn't have the proper entry after
3:00am. So, I gave up on it.......

Look what happened:

GBP/USD, H1TF

GBP/CAD, H1TF

AUD/NZD, H1TF

NZD/USD, H4TF

I am still learning about shark Pattern, but this trade setup is not ready yet since USD is so freaking Weak.

Donald Trump is becoming a Currency Manipulator (Hint: His Lack of knowledge in the Currency Market... )





Note: I was short on it for the past 10 hours, and gave up on it.. Timing is everything. I would prefer to go
short on USD/JPY