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

Current Market Condition/Sentiment: (CsDash Update )

WHAT TO EXPECT THROUGHOUT THE TRADING DAY:

Current Market Condition/Sentiment: ( CsDash Update )

Wednesday, May 24th 2017 @ 1:27amCST

Current Market Condition/Sentiment: (CsDash Update)

Thursday, May 25th 2017 @ 1:43amCST

Current Market Condition/Sentiment: (CsDash Update )

What to Expect Throughout the Trading Day( Thursday ):

Quick Insight on Fundamentals:


UK GDP (Second Release):

The first release of UK GDP showed a significant drop in growth, 0.3%. Brexit is beginning to bite
and consumption has softened as prices rise. The number will likely be confirmed now.


US jobless claims:

The weekly barometer of the US jobs market has been very stable of late but they are going in
the right direction: a drop to only 232K in the past week.

OPEC MEETINGS ALL DAY:

OPEC likely to extend production cuts into next year


OPEC countries and other producers including oil giant Russia are backing prolonging last year's
production cut to shore up crude prices, strongly indicating that an extension is a done deal even
before they meet formally on the issue Thursday.The output reductions have been in effect since
November, when the 13-country Organization of the Petroleum Exporting Countries agreed to cut
production by 1.2 million barrels a day, while non-OPEC countries chipped in with a further 600,000
barrel reduction. That deal, which has helped push up oil prices, is due to expire at the end of June.

Saudi Energy Minister Khalid al-Falih noted a "trend" among participants to prolong the cuts for nine
months. OPEC Secretary General Mohammad Barkindo said there is "growing consensus" for an
extension.

Iranian oil minister Bijan Namdar Zanganeh told reporters there was already apparent unanimous
consent "to continue the cut that we had in November."............

More than 400 oil rigs are now working U.S. shale fields, an increase of more than 120 percent
compared to a year ago. And U.S. producers are poised to expand more.

"With the U.S continuing to win market share by producing more oil at lower price levels, the global
supply excess will take a long time to eradicate," said Fawad Razaqzada of Forex.com.

Additional psychological pressure on OPEC is coming from President Donald Trump. As part of his
proposed budget, he called Tuesday for the sale of half of the country's strategic oil reserves, which
stand at 688 million barrels.

It is unclear if Congress will approve the initiative. Even if it does, the drawdown would extend over
10 years. Still, for OPEC the timing of the proposal was unfavorable, coming just two days before the
ministers meet.

Note: All CAD Pairs will be in Play and I do expect a follow through on next week trading. Matter fact till
the end of June....Keep your eyes Open.

Quick Update on the Market Condition/Sentiment:

USD/CAD, Daily Chart: (Brainstorming )




Potential Setup: Bullish Divergence on M30TF

Current Trend: Bearish

Market Sentiment: Weakly Weak***

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M30TF Chart:

USD/CAD, M30TF



CAD/JPY, M30TF



CAD/CHF, M30TF

Current Market Condition/Sentiment: ( CsDash Update)

What to expect throughout the Trading Day (Friday):

Quick Insight on the Fundamentals:


US GDP (second release):

The first estimate of US GDP showed a poor growth rate of 0.7% annualized. This is less than 0.2% q/q.
While also some of the previous years have begun with a slow first quarter, the report comes after sluggish
growth in 2016. A small upgrade is likely.

US Durable Goods Orders:

Coming at the same time as the GDP release, we get a sneak preview on investment in Q2. According to
the revised data for March, headline orders rose by 0.9%. This is still below expectations for the initial release.
Core orders, which the Fed eyes, were flat after the revision.

Note: I don't really care too much about the G7 Meetings. The chart will tell us at some point what they were
thinking or discussing about....

GET THE RIGHT MINDSET FOR SUCCESS......

Les Brown is a true Inspiration!!!!

EUR/CAD, M15TF



That was the only Entry I got during the first few hours of the London Session....

EUR/CAD, M30TF -

I thought that I could get more out of the market. So, I had to manually close that one.

Current Market Condition/Sentiment: (CsDash Update )

NZD/USD, H4TF

Before Picture



After Picture




"A man who is a master of patience is master of everything else." - George Savile

AUD/NZD, Daily Chart