N2FX - 1/5/15 Minute Pattern Trades | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

A Pattern for Long term and Scalping trades 7 replies

Price pattern scanner where I choose the pattern 4 replies

Script/EA to balance losing trades agianst winning trades 23 replies

Daily Trades = Lazy Trades Journal 7 replies

Pattern/Price Action Trades 29 replies

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

N2FX - 1/5/15 Minute Pattern Trades

  • #121
  • Dec 30, 2009 4:34pm Dec 30, 2009 4:34pm
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..
Am I right in my long Trade??
  • #122
  • Dec 30, 2009 4:59pm Dec 30, 2009 4:59pm
Quoting behman8850
Am I right in my long Trade??

The bull flag pattern is found within an uptrend. This pattern is named for the resemblance of a flag on a pole. The bull flag is a continuation pattern which only slightly retraces the advance preceding it. The technical buy point is when price penetrates the upper trend line of the flag area, with cable going up over 260 pips today I think a small retrace back to the 23.6 fib level might be expected, before going higer on the flag pattern perhaps N2 might coment, he is a much better trader than I.. Im only a student in here.. behman lock in any profits you may get on this trade and keep a tight SL on this bugger..

Danny
Attached Image (click to enlarge)
Click to Enlarge Name: pic.gif Size: 41 KB
  • #123
  • Dec 30, 2009 5:02pm Dec 30, 2009 5:02pm
Quoting rebelheart
The bull flag pattern is found within an uptrend. This pattern is named for the resemblance of a flag on a pole. The bull flag is a continuation pattern which only slightly retraces the advance preceding it. The technical buy point is when price penetrates the upper trend line of the flag area,[size=3][color=darkgreen] with cable going up over 260 pips today I think a...
thanks very much .
happy new year to all of you.
very interesting analysis
  • #124
  • Dec 30, 2009 5:23pm Dec 30, 2009 5:23pm
Quoting behman8850
Am I right in my long Trade??
I agree with Rebel, keep a tight chain on it.

Your looking for 40 pips, so what is your risk on the trade, 10 pips?

If price went back below the 1.6070, I would cut it out, but it has a great chance of going to 00 at least for now.

30 minutes till Asia opens, that would be my next concern.

Also, as they say, small pullback on a move, then continuation, so take what you can get.
  • #125
  • Dec 30, 2009 5:26pm Dec 30, 2009 5:26pm
Quoting rebelheart
The bull flag pattern is found within an uptrend. This pattern is named for the resemblance of a flag on a pole. The bull flag is a continuation pattern which only slightly retraces the advance preceding it. The technical buy point is when price penetrates the upper trend line of the flag area,[size=3][color=darkgreen] with cable going up over 260 pips today I think a...
I like your analysis, and agree with you on this. A flag pattern with small pullback.

Originally I was looking for a 38% retrace, but the looks say NO, and if it breaks the high of 93 line, we could be in for another leg up.

This is an area, I will not trade for now, ugly Price Action, has me thinking I will go for a ride in my son's new truck, and come back in an hour or so.

See you then.

Good job.
  • #126
  • Dec 30, 2009 7:54pm Dec 30, 2009 7:54pm
Usually around 9pm EST I begin my trade analysis, the past couple hours of Asia has basically bounced around.

EU has taken yesterday's high out so far.
GU is still wanting to test that New York high.
UJ, the slow mover, is bouncing, but slowly going upwards.

So let's see if Asia will pay us some CASHO
  • #127
  • Dec 30, 2009 8:04pm Dec 30, 2009 8:04pm
I almost hit the sell button at 1.4371, 2-5min candles stalled, but I am just wondering if were ready here?

Let's see how it plays this high the next few bars.

No hurry, just giving some of my thoughts out loud.
  • #128
  • Dec 30, 2009 9:17pm Dec 30, 2009 9:17pm
When 1.4364 breaks, I will be spelling C-A-S-H-O

If not, then someone else will be. lol
  • #129
  • Dec 30, 2009 10:12pm Dec 30, 2009 10:12pm
  • #130
  • Dec 30, 2009 10:30pm Dec 30, 2009 10:30pm
Okay, this is not moving, I was up +3 and then down -3, when it does that, I will just exit.

I took -3 when price broke above my entry and formation for short.
(note: all profit and loss includes the spread, so this was a 1 pip loss, and 2 pip spread)

Will pick that up later.
  • #131
  • Dec 31, 2009 12:29am Dec 31, 2009 12:29am
Over 5 hours on EU and a 10 pip range.

Anyone ready for the breakout, either way please.

I have fallen asleep 5 times now.

  • #132
  • Dec 31, 2009 12:47am Dec 31, 2009 12:47am
okay, I missed the boat on EU breakout, but YEA BABY, the GU paid out nicely.

Took Long before the 93 breakout, and rode it for that spike/move.

I just took the CASHO again.

Didn't even have to think, just know it is happening.

Here is the 15 min chart.

I won't even discuss the pips/CASHO I made, just know it was there, and I got it.

Another No-Brainer
Attached Image (click to enlarge)
Click to Enlarge Name: GU LONG.jpg Size: 45 KB
  • #133
  • Dec 31, 2009 6:47am Dec 31, 2009 6:47am
Might get a bounce off the 161 fib level..
Attached Image (click to enlarge)
Click to Enlarge Name: pic.gif Size: 16 KB
  • #134
  • Dec 31, 2009 6:48am Dec 31, 2009 6:48am
Behman.. if you held on to that long last night you would be in the cashio... as N2 would say.
  • #135
  • Dec 31, 2009 7:53am Dec 31, 2009 7:53am
Quoting rebelheart
Behman.. if you held on to that long last night you would be in the cashio... as N2 would say.

NO, I had got out at 1.6075 and SOLD at Same and now I am -23.40. i trade 0.02 lots. My bad luck! I got scared! Now what to do? Still holding position. When should I short again?
  • #136
  • Dec 31, 2009 7:58am Dec 31, 2009 7:58am
Quoting behman8850
NO, I had got out at 1.6075 and SOLD at Same and now I am -23.40. i trade 0.02 lots. My bad luck! I got scared! Now what to do? Still holding position. When should I short again?
My Fibo on H1 Shows at 1.6254 Should I short at that?
  • #137
  • Dec 31, 2009 8:36am Dec 31, 2009 8:36am
Quoting behman8850
My Fibo on H1 Shows at 1.6254 Should I short at that?
I myself have a sell order from early this morning @ xxx50 sl 15 pips TP 45, but the news out might stop price from going that high today.. better looking for a few scalps of 5 pips or so..

Rebel
  • #138
  • Dec 31, 2009 8:57am Dec 31, 2009 8:57am
Quoting rebelheart
I myself have a sell order from early this morning @ xxx50 sl 15 pips TP 45, but the news out might stop price from going that high today.. better looking for a few scalps of 5 pips or so..

Rebel
sell at 1.6193 TP at 1..6163
  • #139
  • Dec 31, 2009 9:21am Dec 31, 2009 9:21am
Hope you guys kept those shorts you took, dollar from news moved nicely on the 3 majors EU, GU, UJ.

From the looks of it, all that move the GU and EU did Pre Frankfurt and London, has cooled.

GU is still higher then I expected, and the EU has dropped below that consolidation zone that held before the big spike happened.

I am watching for the 5 or 15 min to give indication the move down is stalling.

Let me know how you guys made out on those shorts?
  • #140
  • Dec 31, 2009 9:38am Dec 31, 2009 9:38am
1 Long so far 1.4310 to 1.4320 (+8 pips after spread).

5 X the normal lot size.

Watching for more still.

The bottom has not given true support, trading 1 minute patterns.

The market is seeking for long orders, the 00 area is always good for a first bounce, not sure if it will hold just yet, but normally you will get these setups in these price areas.
0 traders viewing now