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

Current Market Condition/Sentiment: (CsDash Update )

I am trying to position myself ahead of ECB President Speech...

The Drop is not clear yet, but everything is aligned.....Draghi might need to let this pair fill that Gap.

EUR/USD, M15TF

Too much resistance from the Buyers, I suspect that the market needs to bounce to the Upside one more
time before picking a clear Direction to the Downside.

Price did break yesterday's Low, but it failed to close below it.....Therefore, I don't like what I am seeing.

I will find another Entry point later on.....




H4TF ( Look at the Blue Arrows )

NZD News (High-Impact Risk Event starts at 4:00pmCST till 8:10pm)


New Zealand Rate Decision:

The Reserve Bank of New Zealand is expected to leave the interest rate unchanged at 1.75%
once again. While employment is on the rise, inflation remains subdued.

The bigger question will be about the exchange rate. Will Governor Wheeler talk the down or
show some satisfaction with the recent drop?

Note that RBNZ holds a press conference at 5:00pm and the governor also speaks later, at 8:10pm.


Note: I won't be around to trade that news, maybe I will do the Follow-through during the London
Session (Next Day)

A Total Newbie Here. Just Started My Journey For Forex. Started With Binary Option At First but later (After Lose 400$) Understood that have to know the basic before making trades. LOL

However Its the Best Trade Thread I read Ever. At First I would Like to say that I am not Judging It, I just feel amazed after see the consistency of the updates, kindness of the share, and a very help attitude of @OctaveJay509. In this time no one help each other rather they are going to find there own job they got to do. However after reading the entire thread i think this is a such a person who are willing to help other people to make succeed in there carrier. Bow For OctaveJay509, BOW for @ferrufx and other persons who help the thread raise to by now. Keep the great work.

And For Everyone Who Read and Write on this are welcome for give me suggestion/idea/methods for how i could make progress on my trade carrier. I had been searching a lot but there are too much information's out there and i got confused what to follow... any suggestions from anyone will be appreciated.

Thanks

Hey Srijonsarker,

I command you for taking the time to read the entire thread, it shows tremendous courage, dedication,
motivation from you and the willingness to learn new things. This is going to be a long journey my friend,
but you are going to get so many helps from me and others here...

I was once a newbie, and the people that came before me pave the way, and I wanted to do the same. This
is why I dedicated myself to show the good, the bad and the ugly every once in a while....

This thread is not perfect, but I laid away a Blueprint that fits anybody's personality as long as you are Okay
to do the Heavy lifting in terms of doing research on the Fundamentals and allow yourself to make mistakes....

There are three major types of Analysis in the Market, we have:

(1) Fundamental Analysis - the study of the market Fundamental factors of the different Country's Economies.
(Like GDP, Interest Rates, unemployment data, so on...)

(2) Technical Analysis - the study of the price data in your brokers trading platform. I am sure you are familiar
with that one.

(3) Sentiment Analysis - is one of the most powerful tools and price driving catalyst in the Forex market.

This is the Ultimate Knowledge.

Having the ability to assess the feeling of all traders in the market is not something you pick up overnight, it takes
a lot of work, energy and sleepless night to get there. Despite my years of experience, I am still learning and getting
better every single day on that part.

Now, you need to pick one skill to study, to research and become a Master at it.

Technical Analysis is easy and don't waste your time studying all them indicators out there, and we have up to 3 indicators
to help us with the sentiment Analysis part. So, just let me know where you want to start, and I will be glad to assist....

After that, I will go over a simple Trading Plan with you and show you how to select your watchlist for Proper Trade Setups and so on....

Take Care!

OctaveJay

Sure. Feel Lucky to see that You Replied me. Fun To See. Please Suggest Me What You Think Best To get Started With. I Don't have any problem to Research, Spending Non-sleep Night, or visiting 1000 Videos if i have there something to learn. I want to learn to trade first then make money with it. Please Suggest me How I Get started With Technical Analysis.

Since you want to start with Technical Analysis, I think that I have the right place for you.

Please, go to this website and watch the first Training Video called "INTO THE GREY"
https://tradeempowered.com/learn-to-trade/

You will learn:

1. Why markets move
2. How to apply OODA LOOP theory and IPDE to keep you one step ahead of the market
3. How to read a chart using the NSH/NSL principle
4. How to develop a rules based strategy using the IF/THEN syntax
5. How to trade trend, counter trend, and consolidation strategies
6. And much, much more!!

Use your email address to get the video on the next page.

Take Care!

What to Expect throughout the Day:


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**


Bill Dudley speaks:
Dudley is the President of the New York Fed and considered No. 3 at the organization. As a known dove,
Dudley’s surprisingly hawkish comments in March set the stage for the rate hike.
Is he still happy after the recent data?

UK Rate Decision (Super Thursday):
The event is dubbed “Super” as the Bank of England also publishes its quarterly inflation report.
These meetings have been opportunities to lay out new monetary policy announcements. With weaker
growth and slowing wages, the BOE might be more cautious.
The recent rise in sterling alleviates some inflationary pressures. Mark Carney and his colleagues might
also be more cautious on communications as the event is held exactly four weeks ahead of the general
elections in the UK.

US PPI:
Producer prices eventually feed into consumer ones. Headline PPI dropped by 0.1% in March and is expected
to bounce back with 0.2% in April. Core PPI was flat and is projected to move 0.2% to the upside.


US jobless claims:
The weekly barometer of the jobs market came out better than expected last week: 238K, a return to the
lower end. A small rise to 245K is on the cards.

Hi octave, I use to follow your thread for some time now and I really find interest in it. I do trade, I understand the basics but I have not being consistent.. I really want to be consistent in my gains cos I wish to use Forex to make my ends meet. What advice do u suggest mate?

Hey Hazeem

Before I can offer my opinions or give you advice, I would like to see your Trading Plan and the steps
that you were taking when you first started out with my thread.

New Zealand Q1 Retail Sales Rise 1.5% vs. Estimate of 1.1%

New Zealand retail sales rose faster than expected in the first quarter, with most industries reporting
gains, a sign that domestic consumption was driving the economy forward.

Retail sales volume rose 1.5% in the first quarter, following a 0.8% increase in the final three months
of 2016, Statistics New Zealand said in a report Monday.

Analysts in a median estimate forecast growth of 1.1%. The total value of sales increased 2.6% quarter
-on-quarter. March was the eighteen consecutive quarter retail sales contributed positively to the economy.

So-called core retail sales accelerated 1.2% from the previous quarter, following a gain of 0.6%.

Sales values increased for nine of 15 industries tracked by Statistics New Zealand, with motor vehicle and
parts registering record gains in both sales volume and value.

Motor vehicle sales have largely underpinned the retail category over the past year, pointing to a resilient
economy.

Retail sales are a proxy of consumer spending, which drive about 60% of New Zealand’s economy.

Last week, government economists reported a sharp rise in electronic card transactions in April, a sign of
robust consumer spending at the start of the second quarter. Retail spending on credit and debit rose at a
seasonally adjusted 1.1% last month, official data showed.

NZD/USD, H4TF - Potential Trend Reversal (Slow Mover)

AUD/NZD, M30TF - Potential Trend Reversal ( My Ideal Setup )

Bearish Divergence on M30TF - SellSignal on M30TF - Sentiment: Bearish(Weakly Weak )




Note: NZD and AUD are currently Strong, but with the positive data on NZD tonight, I expect this currency to
maintain its strength till Tuesday after the GDT Price Index Data.

On Monday, we have Monetary Policy Meeting Minutes on AUD. The Standard Deviation between these two currencies
are a bit tight, but I am hopefully that the Red News on both Currencies will create a little bit of distance for the time being.

Keep in mind, AUD/NZD Daily Trend is still Bearish (Shown from Last week Setup below )

Weekly Economic Calendar Update ( Video By Jarratt Davis )

Current Market Condition/Sentiment: (CsDash Update )

Tuesday, Maty 16th 2017 @ 3:00amCST

EUR/NZD, M30TF - Sentiment: Bullish - Trend: Bullish

EUR/CAD, M30TF - Sentiment: Bullish - Trend: Bullish

EUR/AUD, M30TF - Sentiment: Bullish - Trend: Bullish