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N2FX - 1/5/15 Minute Pattern Trades

  • #821
  • Mar 2, 2010 2:24pm Mar 2, 2010 2:24pm
Quoting zeldazu
Sounds like a great plan! I appreciate your observations!
I have tried to trade at times with just one time frame, but I get a little lost lol, I think I have created a habit of seeing a few different time frames, not that I like it, but I have become more dependent on it.
I would like to only watch one time, it is a gift, hopefully I can learn from you on this.
Thanks
  • #822
  • Mar 2, 2010 2:46pm Mar 2, 2010 2:46pm
hey jody and 'z'

reading thro' the whole thread,looking for all the main points you have made as the thread has evolved

great to watch your analysis play out
  • #823
  • Mar 2, 2010 2:53pm Mar 2, 2010 2:53pm
Quoting FOURX
hey jody and 'z'

reading thro' the whole thread,looking for all the main points you have made as the thread has evolved

great to watch your analysis play out
Well, there has been many points, sometimes I am bombarded with setups, maybe we can work on setting up formations as per strategy.

Reversal Tops and Bottoms
Continuation Zones
Breakouts and Fakeouts

And then the 5/15 minute candle trades, along with Z's 1 minute flow patterns.

Wow, I guess we should be making 100's of pips a day, and not just 20-50.

Updated Daily/Weekly Totals Post #807
  • #824
  • Mar 2, 2010 2:58pm Mar 2, 2010 2:58pm
Quoting N2FX
Well, there has been many points, sometimes I am bombarded with setups, maybe we can work on setting up formations as per strategy.

Reversal Tops and Bottoms
Continuation Zones
Breakouts and Fakeouts

And then the 5/15 minute candle trades, along with Z's 1 minute flow patterns.

Wow, I guess we should be making 100's of pips a day, and not just 20-50.
sound like a plan
  • #825
  • Mar 2, 2010 3:45pm Mar 2, 2010 3:45pm
N2, are you thinking break on 1.3621??

Price is above the London high
  • #826
  • Edited 4:40pm Mar 2, 2010 4:08pm | Edited 4:40pm
Quoting monarch
N2, are you thinking break on 1.3621??

Price is above the London high
Actually I thought Sydney would test the down area.

I took a short at 5pm EST exactly, spread was a little more then normal, so will take a few extra pips to make some profits.

I will go for 10 either way here, I am trying to go for more then 5/7 pips lol.

Good to hear from you today. cheers.

Revision, I thought why give that much on a loss if it goes against me, I will have stop above the high 15 min candle 1 bar back, 1.3616, so 17 hits, I will be out with a small loss. My target will be the 00 area.

Update: 4:35 pm EST:
I must be a scalper, lol, I just changed my stop to -2 pips max, I was up to +5, and it stalled, normally I just take those wins, if I lose this, it will be the end of me and my confidence.

Still in by 1 small margin lol, watch, it will snap my stop, then drop 20 pips.
  • #827
  • Edited 4:58pm Mar 2, 2010 4:43pm | Edited 4:58pm
Well, I had the stop in place, but my charts never reached it, but they snagged it. This is how some of the brokers play, they see the orders and can move price enough to take it out, oh well, I will take this loss with my head up, and now will watch the 00 area come into play.

-2 pips, my 2nd loss this week, I better be more careful.
  • #828
  • Edited 4:59pm Mar 2, 2010 4:48pm | Edited 4:59pm
YES, you guessed it, I got ripped, but I figured, rip back.

Short again will target 4 pips, my 2 and the 2 I lost.

It is a slow market also, so I will for sure get my 2 pips at least. lol

Okay, took my +2 pips back, let the first chance go, and took the second hit. Had a door salesman in the middle of that little trade.

So gave them 2, and got 2 back, now I will watch for the real deal.
  • #829
  • Mar 2, 2010 4:57pm Mar 2, 2010 4:57pm
Time to post my Daily Totals and start day 3
Sun-Mon
Total +77 pips @ 1 lot average 9 Wins 1 Losses

Mon-Tues
Asia
+16 (1 lot)
+5 (1 lot)
+2 (1 lot) (this was a sleeper trade)
+5 (1 lot)
+7 (1 lot)

NY
+7 (1 lot)
+5 (1 lot)
+5 (1 lot)
+5 (1 lot)
-2 (1 lot) Sydney
+2 (1 lot) Sydney
Total +57 pips (daily goal 21 pips-reached) 10 Wins 1 Losses

Weekly Total (weekly goal 105 pips-reached)
+134 pips 19 wins 2 losses
  • #830
  • Mar 2, 2010 5:03pm Mar 2, 2010 5:03pm
Ok, that slow hour is over.

There is a nice line at 03, most of the 15 min candles have stalled there or above, I am watching for the break below this area.

I have no longs in my mind unless we break the 16 area we have been hitting.

It is a squeeze for sure, small move down from the top, but were remaining above London high at 3598 as Monarch mentioned.
  • #831
  • Mar 2, 2010 5:15pm Mar 2, 2010 5:15pm
Actually 09 and 13 is a very tight area, watching these 2 lines closely.

This is watching price only here, the prices that keep hitting over and over, waiting for a new number to come into play.

Okay, they are at 09 also, getting ready for it to go here.

Update: Just watching price, on the Sell side. Was at 09, then dropped to 06, back to 09. Now to see if the 06 breaks lower, or the 09 holds for move up. Fun Fun. Not too worried about taking trades, I do this just to learn more how the market moves.
  • #832
  • Mar 2, 2010 5:38pm Mar 2, 2010 5:38pm
It can put you to sleep watching this do nothing.

I have the previous 2 - 15 min candles closing under the 10 line, watching this 15 min candle here, still 7 minutes for it to form.

Other then that, I am really tired, had to turn on some music to get me awake, and might make some coffee.
  • #833
  • Mar 2, 2010 5:47pm Mar 2, 2010 5:47pm
It moved, yea. Now just do something so we can trade, these ranges like this just wears me out fast.

When I see this happen, I like to wait even more, for like a 30 pip move.

So 3606 to 3636 or 3616 to 3586, just move lol.
  • #834
  • Mar 2, 2010 5:56pm Mar 2, 2010 5:56pm
Okay, coffee is brewing, and price is pushing the high right at Asia open, oh yea, get everyone excited for longs.....
  • #835
  • Mar 2, 2010 6:08pm Mar 2, 2010 6:08pm
I like movement, the 36 hit, should rise to 50/60 area, lets see if we get a small pullback, then continuation.

I am looking for possible move back to 24, staying above the 21 high, then a move back to the 36 level, and possibly 50 to 60 above.

At least we see it finally going somewhere.
  • #836
  • Mar 2, 2010 6:15pm Mar 2, 2010 6:15pm
Coffee in hand, price is pulling back, I am ready to attack.

I would like the 21 line tap and hold.

Mark the 27 line

I am long at 27 break up, if it comes under stop
  • #837
  • Mar 2, 2010 6:21pm Mar 2, 2010 6:21pm
Sorry that setup came faster then I wanted, I am out on top test.

Will wait for break or pull for next setup.

+4 pips

I am watching the 5 min chart by the way, and finally got my first sip of my coffee.

Keep eye on 27 line still, and lower wick that is low at 23.

I will use double digits as long as were above the 3600.

Break 31/32, should push another 10 pips (this is on my price, the chart shows 33 as break point)

NOTE: Even though it breaks, I am not a breakout trader, only looking for the next move for a reversal or continuation, I like reversal trades on the 2nd or 3rd leg of a move, this is the 1st leg up, so I was looking for the continuation on the move back to the breakout of 21 line.
  • #838
  • Mar 2, 2010 6:23pm Mar 2, 2010 6:23pm
Quoting N2FX
It moved, yea. Now just do something so we can trade, these ranges like this just wears me out fast.

When I see this happen, I like to wait even more, for like a 30 pip move.

So 3606 to 3636 or 3616 to 3586, just move lol.
hi N2, in this range breakout,did you trade? if you did, where did you in and in which tf?
  • #839
  • Mar 2, 2010 6:30pm Mar 2, 2010 6:30pm
So it moves above, then comes to the 36 high, looking for it to move to that 50 area. This would be the 2nd leg.

So no shorts on this leg, and no breakout, but a breakout trader could do well with my target calls, if entered at the right time, that was the 33 line break.

Price came back near that 33, so pressure is still up.

33 and 27 levels so far on move up
  • #840
  • Mar 2, 2010 6:43pm Mar 2, 2010 6:43pm
I seen the hourly GJ give signal to LONG, took +10 pips on that pair,

Not in EU at this moment, going to take a break for a while, family is home, and will visit a bit.
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