Expecting a big down move in both USDJPY & USDCHF during next week. You'll see USDJPY below 101 again very soon

Jay's High Probability Setups

For this trend trading system, if I say the probability is 90%, I mean that there is a 90% chance that the target will be hit before the setup being invalidated. For the TZ system, if I say the probability is 90%, I mean that there is a 90% chance ...

Jay's High Probability Setups

Yep, and thats why I feeling extremely comfortable calling it high probability & sharing trades with utmost confidence even when the market looks to be going in a completely different direction. Again, in my books, Optimization and making the most ...

Jay's High Probability Setups

What I was trying to say is that the timing of the exit isn't essential in determining a highly probable setup using this method. Exit is all about the target that I set & if the setup gets invalidated then the criteria that invalidate the trade are ...

Jay's High Probability Setups

The above visual representation is for the same strategy that I've been using since the beginning of 2016. ​I've set a separate account that just tracks this strategy since on my main account I sometimes take different trades that will cause ...

Jay's High Probability Setups

Let's dissect the post into different segments: I like to categorize myself as semi-professional part-time trader. Unlike most retailers, I don't use excessive leverage. For me, managing Risk is far more important than making big bucks from high ...

Jay's High Probability Setups

Two of the above setups require CHF strength, and apparently the Swiss Central Bank confirmed that it has been intervening to weaken the CHF in the wake of the Brexit vote: url Usually it is not recommended to stand in the way of Central Banks, ...

Jay's High Probability Setups

Here's a visual representation based on a strategy tracking account that I'm using

Jay's High Probability Setups

Yep as I've mentioned before, invalidation criteria include trend reversal & opposing signals (which won't happen unless the trend changes, since trend direction is a component in getting the signal). Concerning time projections for these particular ...

Jay's High Probability Setups

Now that 1.38 is cleared, I don't have any expectations on GBP. Wouldn't recommend trading it before all the dust is cleared.

Jay's High Probability Setups

I was abstaining from giving any trade recommendations before the Brexit vote was over in order to to encourage anyone to enter the market during an extremely volatile & uncertain period. Now that the Brexit speculation is over, I'll give out some ...

Jay's High Probability Setups

Let's do a quick recap & see what we have there: *The pressure will continue on GBP: Check *GU will slide lower to test the low of 1.38xx lows: Check *EURUSD to face pressure & re-test 1.1140: Check *EURGBP to revisit & exceed 0.8 again: Check ...

Jay's High Probability Setups

Here's my take on the whole Brexit situation, and how I project it to affect the market: (This is just my own personal opinion & in no way a trade recommendation. Unlike my trade setup calls, this opinion is not based on statistics or probabilities, ...

Jay's High Probability Setups

Here are some quick statistics that I recently encountered & thought it would be interesting to share: * Out of the last 10 years, GBPUSD had 9 out of 10 negative May months. It was interesting to see GBPUSD reverse on the last day of May this year ...

Jay's High Probability Setups

Hey FxSaint, For my medium/long term trading method (that I am currently using), the setup becomes invalid when: a) The trend reverses b) I get an opposing signal At the moment, given the way I look/study the market, EU's uptrend is still intact ...

Jay's High Probability Setups

Yep 1.1220 is now cleared. I don't have any new buy signal at the moment, but the old one with target 1.1635 still holds. In other words, I've been adding to my long position as we dropped from 1.1600 to 1.1220, but I won't be adding any more ...

Jay's High Probability Setups

I post/participate when there are high probability trades available, or if I have something important/useful to say. Currently I don't see any clear trade that is worth sharing other than the EU setup I mentioned before All other setups have reached ...

Jay's High Probability Setups

Hey North, I'll be hopefully posting a kind of a prolonged post or maybe even thread about this subject in the near future. Again, just like the COT analysis, there's no one way fit all data analysis in this. Each fx pair or commodity has its own ...

Jay's High Probability Setups

Yep, as I mentioned before, target remains @ 1.1635. We'll be seeing it quite soon

Jay's High Probability Setups

EURUSD reversed just 20 pips shy from the 1.1635 target, giving whoever missed a train a new chance to go long Again any down move is an opportunity to buy! Careful with the Money Management though, this can dip all the way to 1.1220. Trade smart! ...

Jay's High Probability Setups