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N2FX - 1/5/15 Minute Pattern Trades

  • #1,061
  • Mar 12, 2010 10:30pm Mar 12, 2010 10:30pm
Quoting monarch

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.

I have been working on a scalping system this week. lots of live trades that have performed very nice.

I have been responding to my pm's, but have no concrete plans yet on what is next.

I want to focus on the trade system for a few weeks to find any errors, and work on filters to keep out of trades that fail.

This week, I did a little less of my setups, but still reached my daily goal of +21 pips with no problem.

I will inform those that sent me a pm when I complete the live testing, and move to the next level.

Have a great weekend.
  • #1,062
  • Mar 12, 2010 10:33pm Mar 12, 2010 10:33pm
Quoting TheCableGuy
Count me in, I sent a pm yesterday....

Thanks
See post above to Monarch.

Have a good weekend.
  • #1,063
  • Mar 14, 2010 3:37am Mar 14, 2010 3:37am
W.T.F. I take a few days off, come back and people are posting about an alert service on skype & pm's... Jody whats the deal here dude..?
  • #1,064
  • Mar 14, 2010 9:33am Mar 14, 2010 9:33am
Quoting rebelheart
W.T.F. I take a few days off, come back and people are posting about an alert service on skype & pm's... Jody whats the deal here dude..?
Hey, I temporarily stopped posting trades and charts on the thread to work on a new system that I was asked to test.

I plan on spending a few weeks going over entry, exit, and failure filters.

I have had pm's asking me what was next, and I have not decided if I will actually continue posting on Forex Factory.

I will communicate to those interested in learning more about PA Trading, and who have contacted me via pm's.

Sorry for the confusion.

Have a great day Rebel.

N2FX-Jody
  • #1,065
  • Mar 14, 2010 1:21pm Mar 14, 2010 1:21pm
Thanks for the reply N2.. Let us know what you decide..

Danny.
  • #1,066
  • Mar 14, 2010 2:37pm Mar 14, 2010 2:37pm
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
N2FX,
I think you are trying to sell us something!
  • #1,067
  • Mar 14, 2010 4:12pm Mar 14, 2010 4:12pm
Quoting jdcabona
N2FX,
I think you are trying to sell us something!
I think you are wrong.

The only reason I would start a separate chat room or skype, is to be rid of novice traders who ask a lot of questions but have no intention of learning, and just drain me of my trading time.

I have nothing to sell, and if I did, I wouldn't.

N2FX
  • #1,068
  • Mar 15, 2010 8:04pm Mar 15, 2010 8:04pm
Quoting N2FX
I have nothing to sell, and if I did, I wouldn't.
N2FX

I did have something to sell, EU at 1.3675 and 1.3670.

Exit 1.3660.
+ 15
+ 10
  • #1,069
  • Edited 1:10am Mar 16, 2010 12:40am | Edited 1:10am
The resistance level at 1.3695 formed perfectly with a few little stabs above.

I had 6 entries short at this level on my small time frame charts.

+6 pips @ 6 entries = +36 pips

Testing is progressing nicely with the setups forming as expected.

This is the chart showing all the entries on my chart platform, I took the same entries on my standard platform.
  • #1,070
  • Mar 16, 2010 8:51am Mar 16, 2010 8:51am
Thanks for the update and I'm glad testing is going well.
  • #1,071
  • Mar 16, 2010 10:20pm Mar 16, 2010 10:20pm
Quoting zeldazu
Thanks for the update and I'm glad testing is going well.
Good to hear from you Z.

I did not trade my normal times today, and missed the news announcement in mid NY session.

I did a couple hours before Sydney and has an exceptional day.

I am meeting my daily pip goal, and today I cleared 2.5% increase in my main trading account in less then 2 hours of scalping.

With that, I can relax the week and spend more time testing this newer strategy.
  • #1,072
  • Mar 16, 2010 10:43pm Mar 16, 2010 10:43pm
Price is near top once again here. 1.3782

I am looking for a run up to 1.3800 level, and will not short a rejection here at this time.

I will be watching these levels on a move up.

1.3798
1.3812
1.3840
  • #1,073
  • Mar 16, 2010 10:54pm Mar 16, 2010 10:54pm
Here we go, watching how it breaks and moves.

This is when I begin trading, all the price under the 1.3782 level had no interest to me the past 5 hours.

I have already made my short profits on the high here earlier today.

Now I wait for the spikes, the rejections, the continuations, the failures.

Many facets to consider, but it will appear soon enough.

Patience will my profits.
  • #1,074
  • Mar 16, 2010 10:56pm Mar 16, 2010 10:56pm
Here we go, watching how it breaks and moves.

This is when I begin trading, all the price under the 1.3782 level had no interest to me the past 5 hours.

I have already made my short profits on the high here earlier today.

Now I wait for the spikes, the rejections, the continuations, the failures.

Many facets to consider, but it will appear soon enough.

Patience brings profits.
  • #1,075
  • Edited 11:16pm Mar 16, 2010 11:02pm | Edited 11:16pm
The 1.3775 was our recent support on this move up, the reason why, is it was open price at the news break today.

82 and 75 lines are what I am watching, but my overall opinion here is expect a move up, once the bulls take it, you will see it pop.
  • #1,076
  • Mar 16, 2010 11:48pm Mar 16, 2010 11:48pm
Price made it's way back to the 75 line and gave a higher low, I went long at that point.

Under 3775 was short, above was long.

I am looking for 1.3794/96 level overall, but my trade was a quick scalp for +5 pips.
  • #1,077
  • Edited 8:22am Mar 17, 2010 8:07am | Edited 8:22am
Quoting N2FX
Price is near top once again here. 1.3782

I am looking for a run up to 1.3800 level, and will not short a rejection here at this time.

I will be watching these levels on a move up.

1.3798
1.3812
1.3840
Frankfurt reached the 1.3798 and made a reversal at the 1.3812 level.
1.3840 has not been reached so far.

I was not awake during this move, but the 1.3812 was a high interest short setup I would have taken.

UPDATE:
I expect more movement downward here this morning, then next levels I am watching are:
1.3742/47 (Reached 12 minutes after posting level)
1.3731/34 (1.3736 Reached, just a few pips of this level)
  • #1,078
  • Mar 17, 2010 8:25am Mar 17, 2010 8:25am
1.3722/17
1.3705

It would not surprise me to see the 1.3705 level.

Have a great day.

The 1.3736 gave a nice bounce on the 1 min chart, the 5 minute is stalling, I did not have my complete charts up for trading this today, but wanted to post here before I left.
  • #1,079
  • Mar 17, 2010 5:16pm Mar 17, 2010 5:16pm
Quoting N2FX
1.3722/17
1.3705

It would not surprise me to see the 1.3705 level.

Have a great day.

The 1.3736 gave a nice bounce on the 1 min chart, the 5 minute is stalling, I did not have my complete charts up for trading this today, but wanted to post here before I left.
NY session reached the 1.3722/17 target, and found support there for now.

Sydney or Asia may attempt the 1.3705 area, for now price is in heavy range.
  • #1,080
  • Mar 17, 2010 6:46pm Mar 17, 2010 6:46pm
JPY has news in 5 minutes.

I have 1 position open at this moment, and have my target for exit and stop already placed.

I am expecting a move to ............

I will show the chart of entry I took already, then exit when it completes.

Be ready for that 20 pip move.

Watching here now.

N2FX
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