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

  • #1,641
  • Jun 10, 2017 7:00pm Jun 10, 2017 7:00pm
Momentum is the only thing that retailers have.
Retailers lose when momentum reverses, which is a lot, OR when it is flat, which is also a lot.
the only time retailers nake money is in extended periods of momentum. Ie trends.

All the "indicators" are built on momentum.

Momentum is one of of about 10 layers you need to trade. This is why 90% retail traders lose everything eventually.

Trendlines - momentum
RSI - momentum
Moving averages - momentum
etc etc etc
  • #1,642
  • Jun 10, 2017 10:54pm Jun 10, 2017 10:54pm
Quoting WolGod
Momentum is the only thing that retailers have. Retailers lose when momentum reverses, which is a lot, OR when it is flat, which is also a lot. the only time retailers nake money is in extended periods of momentum. Ie trends. All the "indicators" are built on momentum. Momentum is one of of about 10 layers you need to trade. This is why 90% retail traders lose everything eventually. Trendlines - momentum RSI - momentum Moving averages - momentum etc etc etc
Hey WolGod,

You need to be careful on how you approach the market and having the proper knowledge on why
the market moves. You are somewhat correct that momentum is the only thing that retailers have,
but the problem is majority of retail traders have no idea on how to use it nor taking advantage of it.

There are 3 major components to your success in this business and i have seen countless time where
retail traders refuse to learn each of them.

Now, to make things easier for you, I highly recommend that you spend some time and read the entire
thread so that you can understand my philosophy about the market as a whole....

Trading is all about probabilities and once you understand the fundamentals, your level of success/confidence
is greater than you as the individual, because at that point each trade represents a part of your belief system.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,643
  • Edited 1:59am Jun 11, 2017 12:32am | Edited 1:59am
Quoting OctaveJay509
{quote} Hey WolGod, You need to be careful on how you approach the market and having the proper knowledge on why the market moves. You are somewhat correct that momentum is the only thing that retailers have, but the problem is majority of retail traders have no idea on how to use it nor taking advantage of it. There are 3 major components to your success in this business and i have seen countless time where retail traders refuse to learn each of them. Now, to make things easier for you, I highly recommend that you spend some time and read the...
I read your strategy. I highly respect your effort and intelligence. I appreciate the news sentiment but the risk management and targets of "pips" is herendous.
I faill to see how you could make money consistently everyday or if you do sometimes i fail to see how you make a lot of it. Retail is Retail. You either make a shitload in this game (as you understand how money is moved and why - its a process that is rinsed and repeated everyday in ANY market condition) or you lose it all.
Then theres your kind. Makes some, lose some but hey half the story not bad
  • #1,644
  • Jun 11, 2017 3:41am Jun 11, 2017 3:41am
Quoting WolGod
{quote} I read your strategy. I highly respect your effort and intelligence. I appreciate the news sentiment but the risk management and targets of "pips" is herendous. I faill to see how you could make money consistently everyday or if you do sometimes i fail to see how you make a lot of it. Retail is Retail. You either make a shitload in this game (as you understand how money is moved and why - its a process that is rinsed and repeated everyday in ANY market condition) or you lose it all. Then theres your kind. Makes some, lose some but hey half...
I think that you are missing the point here WolGod, this thread is not based on a specific strategy, it's based
on a "Prototype System" that embraces multiple trading strategies, but I PERSONALLY trade a few strategies
with this system by maintaining the Core Concept which is the "Trade Logic" approach.

I do not trade every day, but I like to produce a record of the Daily Sentiment/Momentum so that I can review
everything in order to understand the personality of each Currency Pair during slow Market and High Volatility
Market.

The U.K Snap Election on Thursday was a perfect example. I knew exactly what I wanted to do because my
risk was between 25 and 35pip (That's my threshold), but I was waiting for the Daily Sentiment to confirm
my Market Bias(Bearish).

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-06-11 02.12.27.png Size: 96 KB


Too bad, I went to bed and by the time I woke up, the market already hit Target 1. I was like damned, let me get in
really quick and wait for Target 3....I quickly realized that was a bad decision, simply because the proper StopLoss
had to be at the ATR Level ( 113% Fib ratio) if I wanted to follow my rules. Then again, when I estimated the distance
between my entry (7am my time) and the 113 level, I would have to risk close to 60pip....

At that point on, I didn't really care about the setup anymore, because the risk management aspect of my trading
plan is based on a 25-35pip risk. I decided to close out the trade...

Here's what happened 12+ hours later:

Attached Image (click to enlarge)
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Not only the Market hit all my Targets, but also it went down further for another 190-200pip drop.

This is not going to happen every single week, but this is what I saw on the H4TF going into the news since
last week but I couldn't believe it because the sentiment from last week was super Hawkish.

Attached Image (click to enlarge)
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At the end of the day, this is not about making shitload of pips or money. It's all about having a conversation
with the market and truly understand when it is time to Execute your Trades.

NOBODY is going to teach you this shit on this FORUM, and this is something that can easily cost you close to $10K
per week to learn. I am still learning it, and I am giving you guys a chance to experience the Ultimate knowledge.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,645
  • Jun 11, 2017 3:55am Jun 11, 2017 3:55am
Like you have mentioned Retail is Retail, but we all can have access to the information like the Banks do.

This is what I posted Last Sunday, June 4th

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,646
  • Jun 11, 2017 9:23pm Jun 11, 2017 9:23pm
Quoting OctaveJay509
Last Update on CAD/CHF I was very patient on this trade, but it didn't work out..I might get in again next week if I see some Strength on CAD..... {image}
hi mate is your WRR zup harmonic indicator still working ? in my platform it is not showing any patern ..any pair
Attached Image (click to enlarge)
Click to Enlarge Name: wrr zup.png Size: 69 KB
Say something meaningful or Silence!!
  • #1,647
  • Jun 11, 2017 10:04pm Jun 11, 2017 10:04pm
Quoting classy
{quote} hi mate is your WRR zup harmonic indicator still working ? in my platform it is not showing any patern ..any pair {image}
It is still working for me. You might need to scan more pairs and see that.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H4TF.png Size: 46 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,648
  • Jun 11, 2017 10:12pm Jun 11, 2017 10:12pm
Quoting OctaveJay509
{quote} It is still working for me. You might need to scan more pairs and see that. {image}
thanks for responce .may be corrupt ..would you like to share again please
Say something meaningful or Silence!!
  • #1,649
  • Jun 11, 2017 10:15pm Jun 11, 2017 10:15pm
eurousd day chart i draw manually bearish gartley ..what you say mate?
Attached Image (click to enlarge)
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  • #1,650
  • Jun 11, 2017 11:19pm Jun 11, 2017 11:19pm
Quoting classy
eurousd day chart i draw manually bearish gartley ..what you say mate? {image}
Nice work!

I have been watching this pattern for the past 2 weeks...I will make my decision after June 14th ( U.S Fed Rate Decision)
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,651
  • Jun 11, 2017 11:28pm Jun 11, 2017 11:28pm
Quoting classy
{quote} thanks for responce .may be corrupt ..would you like to share again please
Sure!

Here's the link. Let me know if it doesn't work again.

Attached File(s)
File Type: mq4 WRR_ZUP_INFO_v02.mq4   28 KB | 662 downloads
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,652
  • Jun 11, 2017 11:30pm Jun 11, 2017 11:30pm
Quick Market Update by Jarratt Davis' Associate ( Weekly Economic Calendar )

Inserted Video
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,653
  • Jun 11, 2017 11:53pm Jun 11, 2017 11:53pm
The Overall Market Trend ( CsDash Update on W1 )


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-06-11 23.51.39.png Size: 94 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,654
  • Jun 12, 2017 3:36am Jun 12, 2017 3:36am
Quoting OctaveJay509
{quote} Sure! Here's the link. Let me know if it doesn't work again. {file}
thanks mate for your effort but same problem i don't know why? just testing/checking,see harmonic indicator showing pattern same pair and same time frame.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: wrr zup no pattern.png Size: 67 KB
Click to Enlarge Name: harmonic butterfly pat pattern.png Size: 60 KB
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  • #1,655
  • Jun 12, 2017 10:17am Jun 12, 2017 10:17am
Quoting classy
{quote} thanks mate for your effort but same problem i don't know why? just testing/checking,see harmonic indicator showing pattern same pair and same time frame. {image} {image}

I know the problem mate. You gotta have these 2 indicators uploaded in the same area.

ZUP_v92 Alert England

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-06-12 10.11.16.png Size: 137 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,656
  • Jun 12, 2017 10:40am Jun 12, 2017 10:40am
Quick Article: GBP/USD loses support on 4 political developments


The pound enjoyed a period of consolidation after PM May stabilised her position thanks to a controversial
government. However, things never stand in the same place. Her narrow majority is already running into
instability.

GBP/USD is reacting by losing the support line of 1.27, hitting a new low 1.2650. We are still not at the
post-elections low of 1.2643 or the old support line of 1.2615, but things are not looking that positive.

Here are the latest developments that pound the pound:

1.- Brexit Minister talks hard Brexit: David Davis is getting ready for Brexit talks and the stance
remains a hard Brexit. Some had hoped for a softer approach, but he doesn’t provide the goods.
The minister insisted that a “no deal is better than a bad deal” and that they will “play hard”.

2.- Scotish Conservatives want a soft Brexit: The Conservative Party fell short of a majority in
parliament but managed to cobble up a deal with the DUP’s 10 MPs. Things could have been worse
without Scotland. The Tories gained no less than 12 seats up north: from one to 13 seats.

The Scottish Tories have their issues with the DUP, which is a reactionary party in comparison to the
more liberal Scots. In addition, the Scots will work together and they are already showing their muscle.
The faction led by Ruth Davidson wants a softer Brexit. Each part of the party is pulling it in a different
direction.

3.- Delays everywhere: Brexit talks were supposed to begin on June 19th. It has now changed to
“the week of June 19th”. Sure, the 19th is a Monday, so a delay of a few days is not a big deal. However,
we do not have a new date. And, the beginning of the Brexit talks depends on getting the new government
in place.

The vote of confidence, or so-called “Queen’s Speech”. And Her Majesty may also have to wait. There are fresh
reports that the speech will be delayed, pushing back Brexit negotiations.

4.- Rating agencies warn: Moody’s, Fitch and S&P have all warned about the implications of the British
elections. These companies are often late to the game, but if they downgrade their ratings, the UK’s borrowing
costs could rise.

The Clock continues ticking.....
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,657
  • Jun 12, 2017 4:06pm Jun 12, 2017 4:06pm
Quoting OctaveJay509
{quote} Nice work! I have been watching this pattern for the past 2 weeks...I will make my decision after June 14th ( U.S Fed Rate Decision)
thanks
mate ..one more 1h be gartley
Attached Image (click to enlarge)
Click to Enlarge Name: eusd 1h be gartley.png Size: 64 KB
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  • #1,658
  • Jun 13, 2017 10:59am Jun 13, 2017 10:59am
Current Market Condition/Sentiment: ( CsDash Update )

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-06-13 10.55.41.png Size: 80 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,659
  • Jun 14, 2017 11:18am Jun 14, 2017 11:18am
It's too risky to get involved in any trades right now, but I am giving myself the opportunity
to play this one out.... I have up to 3 strikes.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-06-14 11.16.47.png Size: 98 KB




Note: I will add more positions once the sentiment changes to my Market Bias (Bearish )
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,660
  • Jun 14, 2017 11:49am Jun 14, 2017 11:49am
This Trade Setup is on my Radar for next week...I would like to see its reaction during the Fed Rate Decision

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-06-14 11.46.39.png Size: 109 KB



Note: It's best to wait for a Counter-Trend Break so that I can reduce my risk. Right now, I do not want to risk
60+pip...
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
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