High Probability Insight: Day-Trade Daily Momentum on M1/M5TF | Page 80 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Daily Trading Strategy [ADR + RSI = High Probability] 904 replies

High probability trade setups for day trades and swing trades 4 replies

What is a 'high probability' trade? 7 replies

High Probability Trade Setups 212 replies

what can keep a working strategy to always have a high probability to win each trade? 9 replies

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

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

  • #1,581
  • May 16, 2017 3:29am May 16, 2017 3:29am
Quick Update: U.K Red News in less than a minute
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,582
  • May 16, 2017 3:30am May 16, 2017 3:30am
GBP/NZD, M30TF - Sentiment: Bullish - Trend: Mixed

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-05-16 03.28.48.png Size: 99 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,583
  • May 16, 2017 3:31am May 16, 2017 3:31am
GBP/CAD, M30TF - Sentiment: Bullish - Trend: Mixed

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-05-16 03.30.53.png Size: 96 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,584
  • May 16, 2017 3:36am May 16, 2017 3:36am
GBP/AUD, M30TF - Sentiment: Bullish - Trend: Mixed

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-05-16 03.31.48.png Size: 98 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,585
  • May 16, 2017 3:37am May 16, 2017 3:37am
AUD/CHF, M30TF - Sentiment: Bearish - Trend: Bearish

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-05-16 03.36.11.png Size: 98 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,586
  • May 16, 2017 3:38am May 16, 2017 3:38am
CAD/CHF, M30TF - Sentiment: Bearish - Trend: Bearish

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-05-16 03.37.25.png Size: 97 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,587
  • May 16, 2017 3:56am May 16, 2017 3:56am
Quick Update on AUD/NZD, H4TF Trade Setup:

I made 2 mistakes going into this Trade:

#1 - I was supposed to wait for Bearish Confirmation on H4TF, but I didn't.
#2 - I wanted to trade this pair since last week, but the Strength meter didn't agree with my intention; I pulled the trigger anyway.

Now, I have to deal with this trade ( Slow Mover).....I will give it another day or 2..

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-05-16 03.52.48.png Size: 107 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,588
  • May 16, 2017 4:05am May 16, 2017 4:05am
UK consumer price inflation: April 2017

Main Points:

The Consumer Prices Index including owner occupiers’ housing costs (CPIH, not a National Statistic)
12-month inflation rate was 2.6% in April 2017, up from 2.3% in March.

The rate has been steadily increasing following a period of relatively low inflation in 2015 and is at its
highest since June 2013.

Air fares were the main contributors to the increase in the rate in April 2017, although this balanced
out a downward effect of similar magnitude in March 2017 and is due to Easter falling later than last year.

Rising prices for clothing, vehicle excise duty and electricity also contributed to the increase in the rate.

These upward contributions were partially offset by a fall in motor fuel prices between March 2017 and
April 2017, compared with a rise between the same 2 months a year ago.

The Consumer Prices Index (CPI) 12-month rate was 2.7% in April 2017, up from 2.3% in March.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,589
  • May 16, 2017 4:22am May 16, 2017 4:22am
Quick Update on the Strength Meter: (CsDash )

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-05-16 04.18.44.png Size: 76 KB



Note: GBP just lost momentum after the News....Looks like Sellers didn't give a shit about the Positive News.

I will do more analysis on the GBP pairs Later today....I have a feeling that the market is going to trade based
on our Bearish Divergence Setup from last week....
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,590
  • May 16, 2017 9:44pm May 16, 2017 9:44pm
How is this sentiment indicator different than the supreme indicator?
  • #1,591
  • May 18, 2017 1:44am May 18, 2017 1:44am
Quoting thjw
How is this sentiment indicator different than the supreme indicator?
Sorry for taking so long to reply back Jon.

Both of them provide the same Information at the very top (sorting Currencies by Strength) but the difference
is, "CsDash" Allows me to have a pre-selected watchlist.

It means, if I don't feel like scanning the market everyday, I can choose to trade one of these pairs listed and
hoping that the Daily Sentiment matches with the overall market Trend before placing any trades.

In this picture below, you can see that this Indicator uses the Daily TF Data to calculate the Strengths/Weaknesses
and on the "Chart Timeframe" section, I am using the Daily TF to get an accuracy on the Overall Market Trend based
on the Daily Candle...

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-05-18 01.14.21.png Size: 139 KB


P.S I still have to do my Top-Down Analysis regardless, because most of the time, the market changes completely
throughout the London Session, and I get burned while I am asleep. Still Testing it...
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,592
  • May 18, 2017 1:49am May 18, 2017 1:49am
Current Market Condition/Sentiment: (CsDash Update)

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-05-18 01.48.32.png Size: 84 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,593
  • May 18, 2017 2:13am May 18, 2017 2:13am
WHAT TO EXPECT TODAY ( High-Impact Risk-Events )

Attached Image (click to enlarge)
Click to Enlarge Name: ThursdayNews18th.png Size: 33 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,594
  • May 18, 2017 3:07am May 18, 2017 3:07am
Trend & Strength ( Low TF Market Bias )

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-05-18 03.06.15.png Size: 88 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,595
  • May 18, 2017 1:51pm May 18, 2017 1:51pm
"
Quoting OctaveJay509
{quote} Sorry for taking so long to reply back Jon. Both of them provide the same Information at the very top (sorting Currencies by Strength) but the difference is, "CsDash" Allows me to have a pre-selected watchlist. It means, if I don't feel like scanning the market everyday, I can choose to trade one of these pairs listed and hoping that the Daily Sentiment matches with the overall market Trend before placing any trades. In this picture below, you can see that this Indicator uses the Daily TF Data to calculate the Strengths/Weaknesses and on...
"[/b]
Hi Octavejay......from this above bold statement, is that you are trying to say that you try to align the daily movement with the larger trend, for example weekly trend....
  • #1,596
  • Edited 3:14pm May 18, 2017 2:55pm | Edited 3:14pm
Quoting carbonado
"{quote}"[/b] Hi Octavejay......from this above bold statement, is that you are trying to say that you try to align the daily movement with the larger trend, for example weekly trend....
Hi Carbonado,

Technically a BIG YES!

No matter how you look at the market, the Daily Sentiment is always going to move the market. As
a trader, you need to find out if the Sentiment matches with the Overall Market Trend.

For someone like me, I always want to use the Weekly TF as my DIRECTION, and then Find Setups on
H4TF by hoping that everything will align before I can start looking for Entries on M30TF.

The Market moves in 3's - and this is how the Banks scale out their positions.

Monthly TF for Direction - Daily TF for Setups - Hourly TF for Entries

From this thread's point of view, I use that same concept, but on a smaller scale. I

H4TF for Direction - M30TF for Setups - M5TF for Entries. ( Day Trading )

Weekly TF for Direction - H4TF for Setups - M30TF for Entries ( Swing Trading)
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,597
  • May 19, 2017 2:00pm May 19, 2017 2:00pm
''
Quoting OctaveJay509
{quote} Hi Carbonado, Technically a BIG YES! No matter how you look at the market, the Daily Sentiment is always going to move the market. As a trader, you need to find out if the Sentiment matches with the Overall Market Trend. For someone like me, I always want to use the Weekly TF as my DIRECTION, and then Find Setups on H4TF by hoping that everything will align before I can start looking for Entries on M30TF. The Market moves in 3's - and this is how the Banks scale out their positions. Monthly TF for Direction - Daily TF for Setups - Hourly...
''
Thanks octavejay
  • #1,598
  • May 19, 2017 2:34pm May 19, 2017 2:34pm
Thought I'd show my equity curve. Lost 50% of capital which was 3,000 to 1,500 dollars. Now I'm comming back.All I need is about 400 bucks to be back to my original balance. I keep learning but I think I'm getting close to manage my own money in the next couple months, provide I make a profitable equity curve.I've learned now to stick with only one currency pair the Eur/USD. It's enough for me to keep updating let alone a bunch of currencies. One is plenty plus it has one of the smallest spread of any currency.So here it is in all it's ugly form below.
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 7 KB
  • #1,599
  • May 22, 2017 1:24pm May 22, 2017 1:24pm
Quoting thjw
Thought I'd show my equity curve. Lost 50% of capital which was 3,000 to 1,500 dollars. Now I'm comming back.All I need is about 400 bucks to be back to my original balance. I keep learning but I think I'm getting close to manage my own money in the next couple months, provide I make a profitable equity curve.I've learned now to stick with only one currency pair the Eur/USD. It's enough for me to keep updating let alone a bunch of currencies. One is plenty plus it has one of the smallest spread of any currency.So here it is in all it's ugly form...
I think that it's a brilliant idea to focus only on 1 pair Jon. It gives you more time and energy to study
the pair and understand its behavior.

Keep us updating on all the setups you find on EUR/USD.

One piece of advice, before you place any trades on EU, always check the strength meter. You do not want
to force trade when the market is in consolidation...
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,600
  • May 22, 2017 1:26pm May 22, 2017 1:26pm
Weekly Economic Calendar ( Video Update by Jarratt Davis )

Inserted Video
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
2 traders viewing now