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Attachments: N2FX - 1/5/15 Minute Pattern Trades
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N2FX - 1/5/15 Minute Pattern Trades

  • #1
  • Quote
  • First Post: Edited Apr 13, 2015 9:51pm Dec 27, 2009 11:17am | Edited Apr 13, 2015 9:51pm
UPDATED APRIL 13, 2015

Greetings Traders!

I have taken some time away from posting on Forex Factory to allow time to work on a "easy to see" trade setup.

The 15 minute chart gives enough trades so you don't have to be at the computer all the time.

Here are the pair I trade EURUSD, GBPUSD, USDJPY, EURJPY, GBPJPY, USDCAD, AUDUSD, and NZDUSD.

Trading time when I am available 5:00 am - 9:00 pm "Pacific time" (NY and Asia session)

I am still testing 1 indicator that I purchased, I am not able to post it without permission.

The CCI indicator is similar so I am using it for my trade signal.

All the indicators posted below do not "Repaint," which is vital to making positive trades!

I have also posted the updated template, and some live trades on page 124 Post #2471
Attached File(s)
File Type: mq4 Clive's Histogram CCI.mq4   7 KB | 310 downloads | Uploaded Apr 8, 2015 8:55pm
File Type: mq4 Color Stochastic.mq4   5 KB | 300 downloads | Uploaded Apr 8, 2015 8:56pm
File Type: mq4 Supertrend1.mq4   4 KB | 335 downloads | Uploaded Apr 11, 2015 11:11pm
File Type: mq4 indicator02 (2).mq4   7 KB | 323 downloads | Uploaded Apr 11, 2015 11:11pm
File Type: tpl N2FX Template 4-13-15.tpl   9 KB | 325 downloads | Uploaded Apr 13, 2015 9:10pm
  • #2
  • Quote
  • Dec 27, 2009 11:34am Dec 27, 2009 11:34am
The next few charts will be the EU from Daily to the 1 Hour.

I am watching for some key areas to trade on the 1/5/15 minute, and I do my weekend analysis of areas to trade from.

N2FX

EU 1 minute setup I look for:
Attached Image (click to enlarge)
Click to Enlarge Name: EU 1 Minute Short Setup.jpg Size: 62 KB
  • #3
  • Quote
  • Dec 27, 2009 11:35am Dec 27, 2009 11:35am
Daily Chart to show where we have been and where we are going.
Attached Image (click to enlarge)
Click to Enlarge Name: EU Daily.jpg Size: 45 KB
  • #4
  • Quote
  • Dec 27, 2009 11:36am Dec 27, 2009 11:36am
EU 4 hour charts #1 and #2
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu 4 hr.jpg Size: 55 KB
Click to Enlarge Name: EU 4 Hour #2.jpg Size: 58 KB
  • #5
  • Quote
  • Dec 27, 2009 11:37am Dec 27, 2009 11:37am
1 hour chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EU Hour Setup.jpg Size: 68 KB
  • #6
  • Quote
  • Dec 27, 2009 11:46am Dec 27, 2009 11:46am
The daily and 15 minute chart for UJ.

I will now start watching on a 1/5 minute chart to pick up entry points for both longs and shorts.

N2FX
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UJ Daily.jpg Size: 54 KB
Click to Enlarge Name: UJ 15 minute.jpg Size: 66 KB
  • #7
  • Quote
  • Dec 27, 2009 4:01pm Dec 27, 2009 4:01pm
Good Analysis, I look forward to your updates..

All the best from Ireland

Rebel.
  • #8
  • Quote
  • Dec 27, 2009 4:09pm Dec 27, 2009 4:09pm
Quoting rebelheart
Good Analysis, I look forward to your updates..

All the best from Ireland

Rebel.
Thanks, feel free to post.

I usually trade a few hours a day, Asia is primary, some Frankfurt, and New York. No London as of now.

I will also post some live setups as we go to give others a chance to make some cash.

N2FX
  • #9
  • Quote
  • Dec 27, 2009 4:19pm Dec 27, 2009 4:19pm
Here are present prices.

Close of Market Thursday
EU 1.4358 EU 1.4397 Now

GU 1.5942 GU 1.6014 Now

UJ 91.51 UJ 91.11 Now

Will be watching the gaps in the next few hours as markets open.

N2FX
  • #10
  • Quote
  • Dec 27, 2009 4:26pm Dec 27, 2009 4:26pm
If prices open around 91.11, that would be the last major support on the Hourly.

We could be getting a good short setup for some CASH.

Let's see how it leads us into the trade.

Here is the UJ 1Hr chart.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 1 Hour.PNG Size: 21 KB
  • #11
  • Quote
  • Dec 27, 2009 4:40pm Dec 27, 2009 4:40pm
Quoting N2FX
If prices open around 91.11, that would be the last major support on the Hourly.

We could be getting a good short setup for some CASH.

Let's see how it leads us into the trade.

Here is the UJ 1Hr chart.
In low volumes the dollar seems to be retracing abit.
UJ has gone up quite a bit in the last 10 odd sessions.
so a retrace down could well be on the cards. Ive got it at 91.40ish at the moment.

I'm watching EU aswell as its been creeping up from the lows it made last week.
rat
  • #12
  • Quote
  • Dec 27, 2009 4:49pm Dec 27, 2009 4:49pm
Marking the HIGH and LOW of last weeks prices.

UJ H-91.85 L-90.23 = 162 pip range
Weekly candle closed higher then the open=107 pips
2nd weekly bullish candle close
2nd daily bearish candle close
(weekly chart-daily candle breakdown: 1 bearish-2 bullish-2 bearish)

GU H-1.6164 L-1.5919 = 245 pip range
Weekly candle closed lower then the open=187 pips
6th weekly bearish candle close
4th daily bearish candle close
(weekly chart-daily candle breakdown: 1 bullish-4 bearish)

EU H-1.4417 L-1.4216 = 201 pip range
Weekly candle closed higher then the open=28 pips
1st weekly bullish candle close
2nd daily bullish candle close
(weekly chart-daily candle breakdown: 1 bullish-2 bearish-2 bullish)
  • #13
  • Quote
  • Dec 27, 2009 4:53pm Dec 27, 2009 4:53pm
Quoting rattyo
In low volumes the dollar seems to be retracing abit.
UJ has gone up quite a bit in the last 10 odd sessions.
so a retrace down could well be on the cards. Ive got it at 91.40ish at the moment.

I'm watching EU aswell as its been creeping up from the lows it made last week.
Yes UJ had hit real low, so the move up is no surprise last week, and a move down to retrace that would be in the cards as you say.

I see it has risen back to the 40ish, but we know that it sold off when the market was closed for most traders, so I would look for that move down again once the market opens.

If we can assume that the market does that type of thing. lol.

I will be watching for the first initial signs of movement to give me some sort of idea of where to expect prices through the Asia session.

Good to have you on the thread, feel free to post and show charts.

Thanks, N2FX
  • #14
  • Quote
  • Dec 27, 2009 4:56pm Dec 27, 2009 4:56pm
Quoting N2FX
If prices open around 91.11, that would be the last major support on the Hourly.

We could be getting a good short setup for some CASH.

Let's see how it leads us into the trade.

Here is the UJ 1Hr chart.

Hi N2FX

i like S/R and TL , PA as a trading tool, and i think they are best tool to trade in forex.
thanx to open this theread and hope to learn from u something new.

i think if price open around 91.11 will be good chance to trade it LONG , becase we are in strong support and price must ( as usuall ) close the Gup. just my openion.
Never sell @ lower upward channel unless breacked and vise versa .
  • #15
  • Quote
  • Dec 27, 2009 5:02pm Dec 27, 2009 5:02pm
This is my daily chart with some key areas on where price was on the low side some time back, and on the moves up, I basically marked the highs of each day as target areas or resistance.

I am not bias on no pair, I will take a trade either way once I see a formation on anytime frame present itself, but I do like to know where I will see some resistance/support and where the possible breakouts will occur and where they will re-test for trade entries.

The lines here not only show me where we could find a stall in the market, but it also shows me where to target a trade if I were to enter on a smaller time frame.

I trade from the 1 minute to the hourly usually, not too much on the 4 hour or daily chart.

N2FX
Attached Image (click to enlarge)
Click to Enlarge Name: GU Daily.PNG Size: 25 KB
  • #16
  • Quote
  • Dec 27, 2009 5:07pm Dec 27, 2009 5:07pm
Quoting WedWed
Hi N2FX

i like S/R and TL , PA as a trading tool, and i think they are best tool to trade in forex.
thanx to open this theread and hope to learn from u something new.

i think if price open around 91.11 will be good chance to trade it LONG , becase we are in strong support and price must ( as usuall ) close the Gup. just my openion.

Welcome to the thread, and thanks for your input.

I agree, the 91.11 is a great place to long on a reversal type of trade, which I do those also.

I like both reversal and breakout types of trades, but the formation I see before that area is reached will usually give me the way I want to trade it.

I will do my best to show patterns to explain why or why not I would take a trade.

Hopefully some patterns I post here will help, and if you have some, please show us.

Thanks,

N2FX
  • #17
  • Quote
  • Dec 27, 2009 5:24pm Dec 27, 2009 5:24pm
there is good apportunaty in GU

i will short if price touch 6000 / 6010

and TP 40pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 28-12-2009 01-20-19 ص.png Size: 19 KB
Never sell @ lower upward channel unless breacked and vise versa .
  • #18
  • Quote
  • Dec 27, 2009 5:46pm Dec 27, 2009 5:46pm
Yes, GU at the 1.6000 area has a double top on the 1hr line chart.

Should be a good resistance area.

I use some trend lines, but mostly sup/res lines.

I will start to put some on, it could assist in my setups.

Thanks.

N2FX
  • #19
  • Quote
  • Dec 27, 2009 6:16pm Dec 27, 2009 6:16pm
i am long now with GU , looking for 30pips

based on s/r & TL too.
Attached Image (click to enlarge)
Click to Enlarge Name: 28-12-2009 02-12-35 ص.png Size: 21 KB
Never sell @ lower upward channel unless breacked and vise versa .
  • #20
  • Quote
  • Dec 27, 2009 6:18pm Dec 27, 2009 6:18pm
So far, I see nothing. LOL

I will monitor the price at the top of the hour, looks quite so far.

N2FX
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