N2FX - 1/5/15 Minute Pattern Trades

Looks like it is holding here, next leg 07/12 area.

Makes you want to long here.....

Watch that 86 break out line, so 87 tap...

UJ dipping lower.

EU holding here, I will go in around 86/87 with a setup of course.

91 support.

I will take 1 lot at 91 tap (IN) and another 1 lot at 87.

Stop at 86 break below.

Target 1.3604 area.

Risk Entry 1: 6 pips, Entry 2: 1 pip (and spread)

Exit High 97

I really do not like break out trading. I am clear once again.

I know my patience is thin, this is wanting to go to 05 area, but I will not wait for it to bounce hard on these 2 levels. 91 and 96/97.

I will evaluate here while out of the trade.

+3 pips (1 lot) profit.

There is some movement, good to see.

Daily/Weekly Update Post #954

00 setup short

Was a quick scalp +2 pips, target was the break line at 96/97.

Let me explain the 00 short setup.

Price was moving up, I was looking for 04 to stall, price fell short of that 2 pips.

Then the doji closed and the next candle (red one) opened up with a 1 pip gap, that is short signal, the larger the time frame the great the reversal factor.

Does not work all the time, but when your watching levels and see your setups there, and things like this appear, price action traders have to take every inch given.

That will be all the trades for a bit.

Price is still going down to the 91 level again.....

Sun-Mon
Total +77 pips @ 1 lot average 9 Wins 1 Loss

Mon-Tues
Total +57 pips 10 Wins 1 Loss

Tues-Wed
Total +57 pips 9 Wins 1 Loss

Wed-Thur
Total +119 pips15 Wins 2 Losses

Thur-Fri
Asia
-5 (1 lot)
+7 (1 lot) UJ
+3 (2 lots) EU = +6 pips @ 1 lot average
+3 (1 lot)
+2 (1 lot)
+7 (1 lot)
+4 (1 lot
Total +22 pips 6 wins 1 loss (daily goal 21 pips-reached)

Weekly Total (weekly goal 105 pips-reached)
+324 pips profit (49 wins 6 losses)

What a tight range, break coming.

92 high
88 low

4 pips on the 5 min chart for 1 hour.

Did not bite the break of 92, 2 min till top of hour, and could be fake.

I held off and waited for the fake to form.

The bottom fell, and I went short at 87.

Target 80
Stop 92

78 line hit, for 80 exit.

+7 pips.

This is a predictable move at this hour of the day.

Get everyone thinking UP, then collapse on the low supp I was watching.

Here is the 5 min chart.

I took a second short on the stall at 83
+4 pips to the low, and price shot right past, but I had limit set.

5 minute chart.

Daily/Weekly Totals updated Post #966
Daily Goal-reached

80/81 area here.


Here is my 5 min setup, with 81 limit sell already pending and target at low yellow line where price is resting now.

That setup has been canceled, came shy of 81 entry.

I am just about finished here for the night, my bed time right at Frankfurt.

I am thinking that 1.3550 will be tested still, it has every indication it will.

I do not trade on my expectation, but I do like to post it for my reading in the morning when I wake at NY News time.

83 line again, this will hold or break.

Will watch it here for a few min to see, may be my last trade tonight....

I put a trade in for the night session.

It is 1/4 lot on EU.

20 pip target and a 20 pip stop.

1/1/ ratio with 5 pips risk overall @ 1 lot average.

Good night and safe trading.

nice trading n2fx



long @75 off the h1 dbl bottom

target 89-92 offered 91

stop is moved up to 79

out at 83 on the failure

+8


http://i45.tinypic.com/24b5is5.gif

short 83 was offered out( on the bounce back up) there into m5 resistance and m5 zone


bid 72

out at 77 +6 missed target by a pip


done till we get out of this range



http://i46.tinypic.com/fcqyh.gif

took a long @76 out at 91

+15

m5 h & s ---- also was a h & s on h1

still was feeling long based on the h1 pivot in background still holding


tough scalping and posting--- lol


post a chart in a few

short 93 dbl top

looking for the breakout area target 86