N2FX - 1/5/15 Minute Pattern Trades

122.35 stop out, it does not have bullish strength yet. -6 pips.

Will be watching for long setups across the 6 pairs.

Watching break above 122.30 here.

At low of Friday.

Getting ready for break up, I have my entry marked.

That was a slow developing long.

Look at the 5 min chart, I had 29 as my entry point, and the last 4 candles stayed above 30.

I closed +6 pips, made up my previous loss on that.

Possible long setup above 1.3520.

15 min chart

Watching price on low reaction

Was expecting 30 to hit, I exited at 1/2 hour past hour. +4 pips.

That was slow, but no draw down.

Update: 7:35pm EST 135.30 reached.

EU Long +8
Nzd/Usd Long +4
EJ Long -6
EJ Long +6
EU Long +4

4 wins 1 loss
Total +16 pips 5 pips more for daily goal

Keep an eye on the Friday low.

I am watching 5 min formation, waiting for higher low setup.

1.3516 is 2 candle high.

I seen a long setup already on the price chart, but want to give conservative line of entry.

If price breaks 16, go long, if it goes below low at 08, exit.

I would not let it go that far against me, maybe 5 pips, but I entered lower on a price chart and already in the profit.

So a 08 break below would be okay for my stop.

I am leaving for dinner and family time.

I exited the EU long when price just sat and went no where.

Basically a wash, was up 2 pips and closed with no pips.

There are many trades to get later, so I do not hesitate closing a trade that just stops for 5-10 minutes.

I will tag in later during Asia.

Good trading.

N2

Missed the GJ long setup just a few minutes ago at 135.27 break.

Some of the other pairs had long setups, but have not entered any.

NZD/USD at 7055 found supp, will long over 7059, with stop below 7055.

Watching 7059 line on a 5/15 min chart, needs to sit on top for entry.

New hour bar, still watching Nzd/Usd for setup long, no hurry, it will show if it's going up.

4 - 5min candle lows at 7057.

So when it break for a long, my stop will be 56/55 area.

Target for move up to 7071 or even 7078.

Absolutely dead right now, that means a spike will be coming......

or maybe not????? lol

1:30am EST

All 6 pairs are ranging, on the bearish side.

I am not going to take any more trades today.

I can't wait for the time to change in London, it really has me off thinking we normally have 1/2 hour until Frankfurt, still 1 1/2 hours to go, and it is my bed time here at 10:30 pm west coast.

I took long at 9:15am EST

5 min gave a higher low and the 1 min formation hit it spot on.

+7 pips

EU Long +8
Nzd/Usd Long +4
EJ Long -6
EJ Long +6
EU Long +4
Nzd/Usd 0
E/U Long +7
5 wins 1 loss 1 breakeven
Total +23 pips (daily goal reached)

Great trading as always Jody, I just dont get it..!! why are more people on this forum not contributing to this great thread.. hope you dont stop posting N2 with this lack of intrest, alough I suspect there are a lot of silent followers that keep an eye on your progress.

Rebel..

I agree with Rebelheart... I'm just reading and following, but not posting. I'm happy to learn that N2 is also west coast and probably trading close to the same times I am (San Diego).

Don't give up on us, N2!

It is simple, people want the easy way... That is why many seek out signal services, or indicator trading.

I have done all that myself, and have found I can lose as easy as anyone else. LOL.

I could sell a 4 hour signal service right now on my 6 pairs, and I sure that many would take me up on it, but that is not going to help anyone learn.

I think each trader needs to learn how to trade, then they can do it at their leisure.

Thanks for the post, always good to hear from a friend.

J

6pm EST

Testing top area from previous NY high around 1.3566.

Watching for new hour bar, and short setup now.

Let's see if we can get back to 1.3550 area again here.

Had short at 135.66 and exit +4 pips on the 60 line stall.

It is still early in Sydney session, and will watch for a move back to top with another fail high for another short.