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N2FX - 1/5/15 Minute Pattern Trades

  • #1,041
  • Mar 7, 2010 6:10pm Mar 7, 2010 6:10pm
Quoting BigDawg
long off failed bottom didnt reach target out + 10

short m5 stall pattern out into support + 13

long failed low out at m5 shoulder +8



done till Frankfurt open

+31
Good Job, I see those setups, you picked them off nicely.

I did not have the time to prepare today for the market, so I am on the sidelines, I did take a short UJ as I mentioned, but no EU just yet.

Keep it up bro.

Note: I have taken many trades also that went big after, I guess we scalp and take what we feel at the moment, your up over 30 pips, so that is perfecto in my book.
  • #1,042
  • Edited Mar 8, 2010 2:06am Mar 7, 2010 6:16pm | Edited Mar 8, 2010 2:06am
Okay, the short at 90.57 was good, I was in before that seeing the short coming, with target at 90.48.

Entry at 90.59
Exit at 90.48 on chart (90.50 limit order)

+9 pips.

Here is the 5 min UJ chart, I took a little earlier entry then what I usually take, there is 3 areas to enter a short on this setup.
1. Aggressive near top
2. Semi-Aggressive stall on move up
3. Signal line break of candles
  • #1,043
  • Mar 7, 2010 6:24pm Mar 7, 2010 6:24pm
5 min starting to form rejection candle, will watch the top test for lower high wick, then break of this candle bottom for possible short.

It could go a couple candles before giving a short entry.

Update. The 1 minute had a lower high on the top test, the 5 min is breaking low of last candle.

I took aggressive short at 3660 and will go for 7 pips or stop above high.

UPDATE: Price at 30 after spiked at the high 1 pip, came back and I am out, -3 pips.

Will watch for next setup, a break below the 59 is a conservative short, price is back under the 63 again, this is one reason I focus more on the 5/15 min, stronger possibility then the 1 min setups.
  • #1,044
  • Mar 7, 2010 6:25pm Mar 7, 2010 6:25pm
n2fx you have a pm

nice trading btw
  • #1,045
  • Mar 7, 2010 6:37pm Mar 7, 2010 6:37pm
Quoting BigDawg
n2fx you have a pm

nice trading btw
Awesome, thanks for that, will read it here in a few.

Watching UJ come to the low here, possible setups for longs will be coming into the market, and watching EU still.

EU has not convinced me on short here, the 59 was broken just barely, I am now watching the 57 line.
UJ is filling gap, looking for reversal 5 min candle.

UPDATE: EU, watch for this candle to test the bodies of the previous, and stall, then shorts are in.
Also the 15 min is setting up a rejection candle.
  • #1,046
  • Mar 7, 2010 6:43pm Mar 7, 2010 6:43pm
That happened fast the break of 57, then came back to 56 on 1 min. and I am watching for the 49 area, I will take 3 pips on this to make back my loss.
  • #1,047
  • Edited 6:51pm Mar 7, 2010 6:44pm | Edited 6:51pm
Hey N2

I took a sell on the eu at 7:36pm EST based on failure from the 7:30 candle on the 1 min chart


update: took a quick exit at the close of the 7:47pm candle
  • #1,048
  • Mar 7, 2010 6:46pm Mar 7, 2010 6:46pm
That was not the perfect setup, but the 57 break then the move to 56 was entry.

I took +4 pips, and the 49 target was reached.

I am in profits again LOL
  • #1,049
  • Mar 7, 2010 6:47pm Mar 7, 2010 6:47pm
Quoting zeldazu
Hey N2

I took a sell on the eu at 7:36pm EST based on failure from the 7:30 candle on the 1 min chart
That was the one that stopped me out LOL, I took conservative the second entry.

I am trying to watch 1 min more, thanks for update, appreciated.
  • #1,050
  • Mar 7, 2010 6:48pm Mar 7, 2010 6:48pm
Would like one more spike down then long setup....

Looking good.

Note: Watching lows at 90.35 and 90.29 to test, then quick bounce.
90.29 is the last low from Friday.

Update: 5 min UJ is slowing, I will long above 90.40 if we get the move up, stop would be low here.
  • #1,051
  • Edited Mar 8, 2010 2:06am Mar 7, 2010 6:56pm | Edited Mar 8, 2010 2:06am
Looks like it wants to consolidate here on the 15 min, I would like to short, but holding back here. I will let it unfold.

UJ still has me wanting a long above 90.40 area.

There is the 90.35 tap......

I will long 40 break to 49, stop below 35, if it forms.

UJ Formed, going to shower and let this play out. Win or Lose all is limits now.

Okay, came back and seen this CHART 2 ...... +8 pips
  • #1,052
  • Mar 7, 2010 7:39pm Mar 7, 2010 7:39pm
Sun-Mon
Asia
+9 (1 lot) UJ
-3 (1 lot) EU
+4 (1 lot) EU
+8 (1 lot) UJ

Total +18 pips
3 wins 1 loss

Taking a break for a few hours.
  • #1,053
  • Mar 8, 2010 1:39am Mar 8, 2010 1:39am
took a long off the news and m5 triple bottom failure entered half and half--- out for +10 back into res.


now short on failed high target .82 out +3


flipped long at low--- target .3711

keeping stop tight on this long

chart in a few
  • #1,054
  • Mar 8, 2010 1:45am Mar 8, 2010 1:45am
Quoting BigDawg
took a long off the news and m5 triple bottom failure entered half and half--- out for +10 back into res.


now short on failed high target .82 out +3


flipped long at low--- target .3711

keeping stop tight on this long

chart in a few
hmmmm. did you get my pm?

I was long on the failed move down, entry at 3687, and exit 3696 when price stalled.

2 trades (longs) in Frankfurt so far +6 pips each trade.

That will be all my trades, I do not do much Frankfurt or London.

Have a good trading day, and make those pips.....

Was looking for 3712 up to 3736 levels.
  • #1,055
  • Mar 8, 2010 1:51am Mar 8, 2010 1:51am
out +8 didnt like the PA--- got out
  • #1,056
  • Mar 8, 2010 1:55am Mar 8, 2010 1:55am
Strong stall at the 3700 level.

No more trades until NY/London close.

Good night.
  • #1,057
  • Mar 8, 2010 5:45pm Mar 8, 2010 5:45pm
From the looks of it, N2 has made an exit.

Charts on page 1 have been deleted, and he changed the thread to a 10V post only.

If you get this N2, cheers, and give a ring.
  • #1,058
  • Mar 9, 2010 10:59pm Mar 9, 2010 10:59pm
I am responding to all the pm's sent to me.

I am not posting on F.F. at this time.

Good trading to all.

N2FX
  • #1,059
  • Mar 12, 2010 9:50pm Mar 12, 2010 9:50pm
Quoting N2FX
I am responding to all the pm's sent to me.

I am not posting on F.F. at this time.

Good trading to all.

N2FX

Thanks for responding to my pm, good to hear of your new venture, and trading system.

Do you plan to give live calls in skype, or what is your coming plan.

From what I have seen in the thread, you have a good grasp on price action (up close) trading.

I will be waiting for your reply.

Cheers.
  • #1,060
  • Mar 12, 2010 10:19pm Mar 12, 2010 10:19pm
Count me in, I sent a pm yesterday....

Thanks
TheCableGuy
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