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

Current Market Condition/Sentiment: (CsDash Update )





Note: FED Rate Decision was a non-event. Now, the Market is going to pick a Direction going Forward

hi mate patterns works like charm!!

Indeed!

It's all about the timing! Glad you took advantage of it Classy!

thanks mate for your nice word.Happy trading ....

mate i am watching gbpjpy be gartley and no demand bar at 1h let see (no trade recommendation..don't jump ..trade according to your set up)

This is an Ideal Setup for Next Week. As Always, Awesome work for spotting this Pattern Classy!

I forgot to mention about BOJ ( Bank of Japan) Policy Rate Today.

BOJ Statement on Monetary Policy (Good Read)


1. At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan decided upon
the following.

(1) Yield curve control

The Bank decided, by a 7-2 majority vote, to set the following guideline for market operations for
the inter-meeting period.

The short-term policy interest rate:
The Bank will apply a negative interest rate of minus 0.1 percent to the Policy-Rate Balances in
current accounts held by financial institutions at the Bank.

The long-term interest rate:
The Bank will purchase Japanese government bonds (JGBs) so that 10-year JGB yields will remain
at around zero percent. With regard to the amount of JGBs to be purchased, the Bank will conduct
purchases at more or less the current pace
*An annual pace of increase in the amount outstanding of its JGB holdings of about 80 trillion yen
*Aiming to achieve the target level of the long-term interest rate specified by the guideline.

(2) Guidelines for asset purchases

With regard to asset purchases other than JGB purchases, the Bank decided, by a 7-2 majority vote,
to set the following guidelines.

a) The Bank will purchase exchange-traded funds (ETFs) and Japan real estate investment trusts (J-REITs)
so that their amounts outstanding will increase at annual paces of about 6 trillion yen and about 90 billion
yen, respectively.

b) As for CP and corporate bonds, the Bank will maintain their amounts outstanding at about 2.2 trillion yen
and about 3.2 trillion yen, respectively.

2. Japan's economy has been turning toward a moderate expansion. Overseas economies have continued
to grow at a moderate pace on the whole.....

3. With regard to the outlook, Japan's economy is likely to continue its moderate expansion. Domestic demand
is likely to follow an uptrend, with a virtuous cycle from income to spending being maintained in both the
corporate and household sectors, on the back of highly accommodative financial conditions and fiscal spending
through the government's large-scale stimulus measures.

4. Risks to the outlook include the following:

*The U.S. economic policies and their impact on global financial markets
*Developments in emerging and commodity-exporting economies
*Negotiations on the United Kingdom's exit from the European Union (EU) and their effects
*Prospects regarding the European debt problem, including the financial sector
*And Geopolitical Risks.

5. The Bank will continue with "Quantitative and Qualitative Monetary Easing (QQE) with Yield Curve Control,"
aiming to achieve the price stability target of 2 percent, as long as it is necessary for maintaining that target
in a stable manner....

A small Extension on the Pattern After the BOJ News

Overall Market Trend ( CsDash Update on W1 )

A Risky Trade on EUR/USD, M30TF

What to Expect throughout the Day ( Friday Trading is Optional )




Note: Market Sentiment can change at any given moment....Manage your SLs

Thanks mate for your opinion ..it is really nice to watch and wait like hunter ..latest update ..look left side

We gotta be Hunters most of the time mate.....And a great Sniper.

ONE SHOT, ONE KILL!!!

thanks mate again ,yea ,we will hunt as much as possible ...happy we....ee.....kee...nd ......

Very Educational Video...This is only for the Mind.

Hope you had a great weekend mate!!!

Them Patterns are easy to trade as long as the sentiment follows through. Keep them coming. Lol!!!

A quick Recap of Last Week:

The USD Dollar enjoyed some strength thanks to the FED's Hawkish Hike...Honestly, The Fed can continue
influencing currencies thanks to speeches from Top Fed Officials. In addition, we have Housing Data from
the USD and other Events.

The FED raised interest rates despite WEAK INFLATION DATA. Moreover, Janet Yellen dismissed the Current
Slump in Inflation as related to one-off factors. In addition, they left the dot plot unchanged, implying another
HIKE later this year and expressed confidence in growth. The Dollar managed to overcome the revelation that
Trump is being investigated for an alleged obstruction of Justice.

Elsewhere, the POUND stabilized thanks to three votes for a rate hike; Australia enjoyed an excellent jobs Report
and the Canadian Dollar jumped on a Hawkish shift from the BOC( Bank of Canada).

Key Upcoming News Events This week:


FOMC’s Dudley talks:
New York Fed President Bill Dudley is No. 3 at the Federal Reserve and usually a dove. In his speech
in Plattsburgh, Dudley could provide more insight about the next moves of the Fed. Markets care
mostly about interest rates and if Dudley surprises with hawkishness, markets will react.

FOMC’s Fischer talks:
Stanley Fischer is the Vice Chair of the Fed and contrary to Dudley, he is considered a hawk. Fischer
will be speaking across the pond, in Amsterdam. Fischer will have a bigger impact if he goes dovish.

US Existing Home Sales:
Most home sales are of existing, second-hand homes. Back in April, the annualized level of sales stood
at 5.57 million. A similar level is on the cards now: 5.54 million.

*Crude Oil Inventories:
The weekly update on the level of inventories always moves oil prices but also has a wider impact.
The recent rises in inventories pushed oil prices lower and this goes hand in hand with the stronger
dollar. The correlation is strengthening. Inventories dropped by 1.7 million last week.

**New Zealand Rate Decision:
The Reserve Bank of New Zealand maintained the interest rate at 1.75% in the past few meetings,
since lowering it in November 2016. In general, the New Zealand Economy is doing well and this is
reflected in the recent rise of the Kiwi. However, the most recent GDP report fell short of expectations,
with a gain of only 0.5% q/q. The team led by Governor Graeme Wheeler is likely to leave the interest
rate unchanged at 1.75% and the statement will make a difference. They usually try to talk the currency
down.


US Jobless Claims:
This weekly barometer of the US jobs markets looks very stable and going in the right direction. A drop to
237K was seen recently. A similar number is on the cards: 241K is predicted. Contrary to previous releases,
this time the publication stands on its own.

US New Home Sales:
While most sales are of existing homes, the sales of new homes triggers wider economic activity around
them. New home sales stood at 569K in April and a rise to 599K is forecast now.

Weekly Economic Calendar ( June 18th - June 23rd, 2017 )