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

  • #101
  • Dec 30, 2009 9:29am Dec 30, 2009 9:29am
Do you see resistance on cable @ xxx80..?
  • #102
  • Dec 30, 2009 9:41am Dec 30, 2009 9:41am
Quoting rebelheart
Do you see resistance on cable @ xxx80..?
Yes, 1.5980 to 1.6000 area will be tough to break.
  • #103
  • Dec 30, 2009 10:43am Dec 30, 2009 10:43am
I do not trade the GU as much lately, but the move up is very nice.

I did not take any trades Long, but I am watching for the first sign of short.

So far on the 5 minute, if price breaks below 1.6026 would be a good short to the 1.6000/6006 area, that would be an easy 10-15 pips.

Watching for entry points now.
  • #104
  • Dec 30, 2009 11:15am Dec 30, 2009 11:15am
Well, the close of London and priced spiked more.

When and where is the stall?

We will see and we will make pips.

The 15min candles have not shown red for 8 bars now, and were on the 9th.

It will stall, just have to be patient.
  • #105
  • Dec 30, 2009 11:19am Dec 30, 2009 11:19am
1.6082 is the last 5 min low, break that, will take a short, not sure if it is the real stall area, but will take a few here.

Update: GU has to play with everyone's mind, it has moved up nicely, so the question is, when will the buyers say, ok, backing off, that is where the price will slowly move down.
The Bulls are running and the walls are breaking.
I wait, I watch, I will attack when it says Finished.
  • #106
  • Edited 11:49am Dec 30, 2009 11:28am | Edited 11:49am
At the point when the 5 min starts going sideways, I switch to a 1 minute and see possible move down pattern forming.

Come to me, CASHO is waiting to bank.

The following is my chart showing entry point and the second chart showing my target that was reached.

+20 pips, and no turning back on that trade, just waited, and then put the real money on it.

CASHO IS CASHO and it is in my BANK.
  • #107
  • Edited 11:34am Dec 30, 2009 11:32am | Edited 11:34am
When the 1.6079 breaks I will be in the CASHO.

I shorted already. 1.6085

Let's take a ride boys.

Note: This is the 1 minute chart.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 1 min Short.PNG Size: 18 KB
  • #108
  • Dec 30, 2009 11:53am Dec 30, 2009 11:53am
Exit Chart
Attached Image (click to enlarge)
Click to Enlarge Name: GU Short exit.PNG Size: 20 KB
  • #109
  • Dec 30, 2009 12:04pm Dec 30, 2009 12:04pm
Does anyone think the Top will hit again?

I am watching the 5/15 min chart.

Hope somebody is making money, and not just watching it go by.

If your trading anything, give a shout on the thread.

Thanks.
  • #110
  • Edited 12:12pm Dec 30, 2009 12:07pm | Edited 12:12pm
Took 1.6074 short.

Secondary account - smaller lot size in this ranging market.

5 min chart. (trying to load)

Note: sorry for the slow responses, Forex Factory is being real slow for me here, not sure if it is my internet connection from the rain?
  • #111
  • Dec 30, 2009 12:20pm Dec 30, 2009 12:20pm
Quoting N2FX
Does anyone think the Top will hit again?

I am watching the 5/15 min chart.

Hope somebody is making money, and not just watching it go by.

If your trading anything, give a shout on the thread.

Thanks.
I took a short on GU @ xxx85 took 15 pips profit, I will be waiting to see if we get a double top. take another short round there..
  • #112
  • Dec 30, 2009 12:25pm Dec 30, 2009 12:25pm
Quoting rebelheart
I took a short on GU @ xxx85 took 15 pips profit, I will be waiting to see if we get a double top. take another short round there..
That is what I am talking about, was a great point of entry, same as mine.
I squeezed 20 out of it, but that is because of the big move up, had more to give back.

I am trying to upload my chart on this short I am in now, I do not risk as much yet, and I am using a secondary account on it.

Already locked in my profits for the day on my primary account, so I close it and leave it alone. LOL.

Think will hit the top again? I hope so.

But for now, I am in the + once again, It closed automatically +10 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Another GU short.PNG Size: 27 KB
Click to Enlarge Name: GU Trade exit 10 pips.PNG Size: 47 KB
  • #113
  • Dec 30, 2009 12:35pm Dec 30, 2009 12:35pm
Quoting N2FX
That is what I am talking about, was a great point of entry, same as mine.
I squeezed 20 out of it, but that is because of the big move up, had more to give back.

I am trying to upload my chart on this short I am in now, I do not risk as much yet, and I am using a secondary account on it.

Already locked in my profits for the day on my primary account, so I close it and leave it alone. LOL.

Think will hit the top again? I hope so.

But for now, I am in the + once again, It closed automatically +10 pips

friends .. great what u did.. but please any open trade place the SL direct on it , we dont want to see sudden movement uginest us. let close this week with only green pips

happy new year!
Never sell @ lower upward channel unless breacked and vise versa .
  • #114
  • Dec 30, 2009 12:36pm Dec 30, 2009 12:36pm
Cant see it making xxx94 again today N2, do you use candle patterns when you trade..? this chart is looking like a flag of some sort..
Attached Image (click to enlarge)
Click to Enlarge Name: pic.gif Size: 19 KB
  • #115
  • Dec 30, 2009 12:38pm Dec 30, 2009 12:38pm
I did not update my last EU Trade from Post #98.

Price went my way, but fell short of my target.

I had 2 entries on that trade, I had positive and negative on the trades.

Total loss on that trade was -5 pips.

I want to keep a clear record of my trades, and just now had the time to update it.

Still not a bad trade, it went the way I thought it was going to go, but when I seen the GU blazing FIRE, I had to dump the EU and play with the GU.

I prefer big moves generally, and then when I see it is ranging, I will start making smaller scalps in those areas.
  • #116
  • Dec 30, 2009 12:44pm Dec 30, 2009 12:44pm
Quoting WedWed
friends .. great what u did.. but please any open trade place the SL direct on it , we dont want to see sudden movement uginest us. let close this week with only green pips

happy new year!
Okay, when I am trading a reversal, I am watching for the reversal pattern to form, and usually I see this after the 5 minute stalls, I switched to a 1 minute to take entry.

The entry on GU was 1.6085, which was just under the major high of that move at 1.6094.

I would have held that trade up to 1.6095, using the high line for my stop loss.

So the risk was 10 pips + spread, but I also felt more comfortable taking the short at a 00 area for stall.

I usually put my stop and target on my charts, I will do better to add those levels on my charts.

Thanks for reminding me, it is very important indeed.
  • #117
  • Dec 30, 2009 12:53pm Dec 30, 2009 12:53pm
Quoting rebelheart
Cant see it making xxx94 again today N2, do you use candle patterns when you trade..? this chart is looking like a flag of some sort..
Very clean chart, I like what you have there.

I use candles more then bar or line, but I refer to all three at times.

When the price is screaming like GU was, I was just looking for the first signs of failure on the 5 or 15 min chart, the 5 showed me first, then I like to focus on patterns, so I switch to a 1 minute candle chart and seen the high hit twice and the 3rd attack fail, I short there because I am not sure if it will reach the high for entry.

It is sort of risky taking the trade within the range, but it is a pattern I have shown here on the thread this week.

Not many are posting, and I feel that Price Action trading is not for many traders, because it takes so much time to learn, and most traders prefer some sort of indicator to help them decide.

That is all good, I just try to focus on the now.

GU Moved and moved nicely, it will stall and fall, it is up to us to capitalize on it and make CASHO> and we did just that today.
  • #118
  • Dec 30, 2009 1:02pm Dec 30, 2009 1:02pm
Here is my analysis of the 1 Hour GU chart.

It is all basic, but there are many possibilities to trade.

We have to be the one prepared, we have to have a plan, we have to act on our strategy.

CASHO is waiting for all to get, WILL YOU GET CASHO?????

I will, just wait, just watch, be patient, attack the move, take the money.

All in a days work.
Attached Image (click to enlarge)
Click to Enlarge Name: GU Test Areas.PNG Size: 18 KB
  • #119
  • Dec 30, 2009 3:15pm Dec 30, 2009 3:15pm
Wow zippy, less then a week and your already at 2,000 views.

Just last Sunday you were rudely pushed off the eur/usd scalp thread.

I guess it doesn't matter, from what I am seeing here, your outcome is profitable with your system.

Do you have any indicators you are watching along with your patterns?
TheCableGuy
  • #120
  • Dec 30, 2009 4:32pm Dec 30, 2009 4:32pm
Quoting N2FX
Here is my analysis of the 1 Hour GU chart.

It is all basic, but there are many possibilities to trade.

We have to be the one prepared, we have to have a plan, we have to act on our strategy.

CASHO is waiting for all to get, WILL YOU GET CASHO?????

I will, just wait, just watch, be patient, attack the move, take the money.

All in a days work.
I have taken a long at 1.6078 TP 1.6120
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