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

USD/CAD, M30TF

Quick Video by Jarratt Davis on Fibs

*NEW UPDATE ALERT for May 2017*

Fundamental Analysis + Technical Analysis + Daily Momentum = Consistency

My Potential Trading PLAN ( It's a MUST )

Daily Goal: 1% - 10%

Trading Hours: [1:00am - 4:00am] / [12:00pm - 2:00pm]

Strategies Traded: Daily Momentum (Trend Following) – Reversal (Divergences or Harmonics)

Entry Plan: Trend + Strength + Signal = Trade Execution

Exit Plan: Proper Stop-Loss Placement and Monitor/Manage Trades.

*Risk Management: Expect to Risk [-25 or -35pip] – Reward [+75 or +140pip]
*Money Management: Expect to Risk [2.4% or 4.8% on a $500 or $10,000 USD Based Account]

Time-Frame: Find Setup on M30TF – TriggerSignal on M15TF or M5TF

Position Sizing: 0.02 Lot or 0.04 Lot or 0.60 Lot (http://www.babypips.com/tools/forex-...sitionsize.php)

Daily or Weekly Open Positions: Between 3-6 pairs at a time.


***My Only Job as a Trader***: To Identify the Trade Setup and Place the Right Template on charts. EA will Execute Trades, then I manage all trades properly. (Meaning: Manually place SL and TP)

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The Three(3) Major X-Factors:

(1) - Fundamental Analysis: (High-Impact Risk Events – Study it. Research it. Master it)

(2) - Technical Analysis: (Top-Down Analysis on H4TF and M30TF)

(3) - Daily Momentum/Sentiment: (Cs-Dash Indicator / FxProfitSupremeMeter Indicator / Tykhev1.0 Indicator )

What it takes to be Successful


Self-Education ====> Learn all the Tools of the Trade.

Study ======> Don't be too Lazy if you deserve Success. So, You MUST Master everything you can.

Practice ==> Use a Demo or a small Real Account. Build Confidence - Take Massive Action - Know Yourself - Make Mistakes - Unleash your Inner Self (Beast Mode)

Mentorship ====> Be a Coach or a Mentor to Yourself - YOU(Conscious) vs. YOU(Subconscious ) - Listen/Obey to the Market - Kaizen (Continuous Improvement)



*USE THIS THREAD AS A CHEAT SHEET OR A GUIDANCE TO YOUR PROGRESS WHILE I GET BETTER MYSELF EVERY DAY.

Note: The last 5 minutes of that video is mind blowing....Take notes and Apply



"Your Income is directly related to your Philosophy, Not the Economy." - Jim Rohn

Sunday, May 7th 2017 @ 8:25pmCST

(1) - Fundamental Analysis: (High-Impact Risk Events Study it. Research it. Master it)

*** = High-Impact News / ** = Medium-Impact News

Sunday, May 7th
All Day........EUR..........French Presidential Election***
8:30pm........AUD.........Building Approvals**
AUD..........NAB Business Confidence**
Tentative......CNY.........Trade Balance***


Monday, May 8th
All Day........EUR..........French Bank Holiday
2:30am.........GBP..........Halifax HPI**
8:30pm........AUD.........Retail Sales***


Tuesday, May 9th
4:30am.........AUD...........Annual Budget Release***
7:30am.........CAD...........Building Permits**
9:00am.........USD...........JOLTS Job Openings**
9th-12th..........USD............Mortgage Delinquencies**
3:15pm.........USD...........FOMC Member Kaplan Speaks**
8:30pm.........CNY...........CPI / PPI**


Wednesday, May 10th
7:30am.........EUR...........ECB President Draghi Speaks***
7:30am.........USD...........Import Prices**
9:30am.........USD...........Crude Oil Inventories***
4:00pm.........NZD...........Official Cash Rate***
NZD............RBNZ Rate Statement***
NZD............RBNZ Monetary Policy Statement**
5:00pm.........NZD...........RBNZ Press Conference***
8:10pm.........NZD...........RBNZ Gov. Wheeler Speaks***


Thursday, May 11th
2:15am.........CHF...........CPI**
3:30am.........GBP...........Manufacturing Production***
GBP............Goods Trade Balance**
4:00am.........EUR............EU Economic Forecasts**
5:25am.........USD............FOMC Member Dudley Speaks**
6:00am.........GBP.............BOE Inflation Report***
GBP.............MPC Official Bank Rate Votes***
GBP.............Monetary Policy Summary***
GBP.............Official Bank Rate***
GBP............Asset Purchase Facility**
GBP.............MPC Asset Purchase Facility Votes**
7:30am.........CAD...........NHPI**
USD...........PPI***
USD...........Unemployment Claims***
USD...........Core PPI**
5:30pm.........NZD............Business NZ Manufacturing Index**


Friday, May 12th
1:00am.........EUR...........German Prelim GDP**
Day 1............ALL..........G7 Meetings***
7:30am..........USD...........CPI***
USD...........Core CPI***
USD..........Core Retail Sales***
USD..........Retail Sales***
8:00am..........USD..........FOMC Member Evans Speaks**
9:00am..........USD..........Prelim UoM Consumer Sentiment***
11:00am........USD..........FOMC Member Harker Speaks**

Note: Always double-check the time on your own Time-Zone and make sure there's no changes on the Calendar each Day.

*Every day in the market is a different Trading Day, since we like to trade the Volatility or the Daily Momentum. We must prepare
our mind and our body each day and find the right Balance. Optimize your Day is a Must.

Monday, May 8th 2017 @ 12:47amCST

A Snapshot based on Current Market Condition: (Current Market Trend and Potential Trade Setup )


(2) Technical Analysis: (Top-Down Analysis on H4TF and M30TF )

EUR/USD – Trend: Bullish – Bearish Divergence(H4TF) – Bearish Divergence(M30TF)
EUR/GBP – Trend: Bullish -
EUR/JPY – Trend: Bullish – Bearish Divergence(H4TF) – Bearish Divergence(M30TF)
EUR/AUD – Trend: Bullish – Bearish Divergence(H4TF) – Bearish Divergence(M30TF)
EUR/CAD – Trend: Bullish – Bearish Divergence(H4TF) – Bearish Divergence(M30TF)
EUR/NZD – Trend: Bullish – Bearish Divergence(H4TF) -

GBP/USD – Trend: Bullish – Bearish Divergence(H4TF) -
GBP/JPY – Trend: Bullish – Bearish Divergence(H4TF) -
GBP/CAD – Trend: Bullish – Bearish Divergence(H4TF) – Bearish Divergence(M30TF)
GBP/NZD – Trend: Bullish – Bearish Divergence(H4TF) -
GBP/AUD – Trend: Bullish – Bearish Divergence(H4TF) – Bearish Divergence(M30TF)
GBP/CHF – Trend: Bearish – Bearish Divergence(H4TF) – Bullish Divergence(M30TF)

USD/JPY – Trend: Bullish - Bearish Divergence(H4TF) - Bearish Divergence(M30TF)
USD/CAD – Trend: Bearish - Bearish Divergence(H4TF) -
USD/CHF – Trend: Bearish - ''''''''''''''''''''''''''''''''''''''''''''''''''''''''''' - Bullish Divergence(M30TF)

AUD/USD – Trend: Bearish - ''''''''''''''''''''''''''''''''''''''''''''''''''''''''''' - Bullish Divergence(M30TF)
AUDJPY – Trend: Bearish – Bearish Divergence(H4TF) -
AUDCAD – Trend: Bearish - ''''''''''''''''''''''''''''''''''''''''''''''''''''''''''' - Bullish Divergence(M30TF)
AUDNZD – Trend: Bearish - '''''''''''''''''''''''''''''''''''''''''''''''''''''''''''' - Bullish Divergence(M30TF)
AUD/CHF – Trend: Bearish – Bullish Divergence(H4TF) – Bullish Divergence(M30TF)

NZDUSD – Trend: Bearish – Bullish Divergence(H4TF) – Bullish Divergence(M30TF)
NZD/JPY – Trend: Bullish -
NZD/CAD – Trend: Bullish - ''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''' - Bullish Divergence(M30TF)
NZD/CHF – Trend: Bearish – Bullish Divergence(H4TF) – Bullish Divergence(M30TF)

CAD/JPY – Trend: Bullish - ''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''' - Bear Divergence(M30TF)
CAD/CHF – Trend: Bearish – Bullish Divergence(H4TF) – Bearish Divergence(M30TF)

CHF/JPY – Trend: Bullish – Bearish Divergence(H4TF) – Bearish Divergence(M30TF)



Note: Always focus on your Daily/Weekly Watchlist. This is just an overview of the Current Market Condition.

(3) Daily Momentum/Sentiment Update:


CsDash Indicator:




Profit Supreme Meter Indicator:




Note: I will be observing the Market Today for a bit.....

Monday's Potential Watchlist :





Note: I will be looking for Opportunities during the U.S Session. Market is a bit Confused right now....

Weekly Risk Events by Jarratt Davis ( Video Update )

USD/CAD, H4TF - Potential Trend Reversal Setup (Short-Term Trade )

Note:

Trend: Bearish (H4TF)- Bearish Divergence (H4TF) - Bearish Divergence(Daily)

Daily Chart:



H4TF Chart:




Remark: The Trend and the Trade Setup Match, but the Sentiment hasn't been confirmed yet. Therefore,
I can be wrong 3 times until I get it right.....


Warning: Different Broker, Different Data...It's important to double-check everything on your side.

Current Market Condition/Sentiment: (Cs Dash )




Note: USD and CAD are both Strong right now, but one time I know is the sentiment can change at any
given moment. So, I gave myself a reason to watch this pair by placing a small entry....

It's not that easy to get a "TRIFECTA Setup" on all pairs, but traders have to do the dirty work until the Sun,
the Moon and Earth Align....

USD/CAD Trade is just an example of what to expect.

AUD/NZD, Daily Chart - On my Radar til Wednesday


Note:
AUDNZD – Trend: Bearish - Bearish Divergence(Daily) -

My Intention: Waiting for a Bearish Divergence Setup on M30TF or H1TF around key Hidden Levels( Fibs)

Tuesday, May 9th 2017

Current Market Condition/Sentiment: ( CsDash Update)

Anyone know why the EUR/USD is falling fundamentally or have a guess???

There are too many pieces from a Fundamental Standpoint, but After the French Election Last Sunday. The market
decided to apply their Old Tricks......" Buy The Rumors, Sell the Results "

Emmanuel Macron, France's New President. He is a centrist, a Former Investment Banker and I am pretty certain that his
policies are no different than the Globalists....

I guess it's business as Usual...

P.S I wasn't interested in doing any research on that Election, but you owe it to yourself to learn anything you can
moving forward. Mostly his policies with regards to the European Union....

What to Expect Today:

Tuesday, May 9th
4:30am.........AUD...........Annual Budget Release***
7:30am.........CAD...........Building Permits**
9:00am.........USD...........JOLTS Job Openings**
9th-12th..........USD............Mortgage Delinquencies**
3:15pm.........USD...........FOMC Member Kaplan Speaks**
8:30pm.........CNY...........CPI / PPI**


Potential Trend Reversal Trade Setups:

EUR/USD – Trend: Bearish – Bearish Divergence(H4TF)***

EUR/CAD – Trend: Bearish – Bearish Divergence(H4TF)***

EUR/NZD – Trend: Bearish – Bearish Divergence(H4TF)***

USD/CAD – Trend: Bearish - Bearish Divergence(H4TF)***

AUDJPY – Trend: Bearish – Bearish Divergence(H4TF)***

NZD/CHF – Trend: Bullish – Bullish Divergence(H4TF)***

CAD/CHF – Trend: Bullish – Bullish Divergence(H4TF)***

CHF/JPY – Trend: Bearish – Bearish Divergence(H4TF)***


Note: Always double-check your data to confirm the Trend, because some of these pairs were bullish or
bearish going into the first trading day....It's best to Find Entries on M30TF or M15TF...I expect to get involved
on a retest of a Major Structure as an extra confirmation for a Trend Change (TC).

checkout my equity curve octavejay. I lost all my profits and even a little bit of my capital. Not to good. Must have been luck :-)
I am curious too see yours.

You can easily get it back up....DD is part of trading.

What to Expect on Wednesday:

Wednesday, May 10th
7:30am.........EUR...........ECB President Draghi Speaks***

7:30am.........USD...........Import Prices**

9:30am.........USD...........Crude Oil Inventories***

4:00pm.........NZD...........Official Cash Rate***
......................NZD............RBNZ Rate Statement***
......................NZD............RBNZ Monetary Policy Statement**

5:00pm.........NZD...........RBNZ Press Conference***

8:10pm.........NZD...........RBNZ Gov. Wheeler Speaks***