N2FX - 1/5/15 Minute Pattern Trades | Page 60 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

A Pattern for Long term and Scalping trades 7 replies

Price pattern scanner where I choose the pattern 4 replies

Script/EA to balance losing trades agianst winning trades 23 replies

Daily Trades = Lazy Trades Journal 7 replies

Pattern/Price Action Trades 29 replies

Attachments: N2FX - 1/5/15 Minute Pattern Trades
Exit Attachments

N2FX - 1/5/15 Minute Pattern Trades

  • #1,181
  • Mar 22, 2010 9:22pm Mar 22, 2010 9:22pm
Quoting Justrade
i think so everthing is indicator. yes?
candel indicator, mma indicator, all indicator.
nothing rong with indicator
I guess you can look at it that way, I use the candle for the high/low entries, you have to use something to see price, unless you have a bank feed?

I find my favorite setups on the 1 tick, but I won't put those on the thread, would take too long to explain.

I can actually see my entry on a high/low bounce when it occurs, and I try to be out before it goes bad.

Simple entry and exit, small targets and small stops.

And 21 pips a day, everyday for a long time now.

Enjoy.
  • #1,182
  • Mar 22, 2010 9:23pm Mar 22, 2010 9:23pm
Quoting BigDawg
i hear ya on that

doing good

shorted the dbl top on the h1--- euro

bought the dbl bottom h1---euro


lol
How dare you take those tops and bottoms and leave me out in the dark?



Amazing what a newbie could learn from that type of trade, would save them years of losing money.
  • #1,183
  • Edited Mar 23, 2010 12:49am Mar 22, 2010 10:35pm | Edited Mar 23, 2010 12:49am
Sun-Mon Totals
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)

Mon-Tue Totals
EU Short +4
EJ Short -3
EJ Long +5
EU Long +5
EU Short +4 (1.3565)
EJ Long +4 (122.41) 8:34 pm EST entry
EU Short +4 (1.3554) 8:38 pm EST entry
EJ Short -2 (got faked on this one)
GU Long +3 (1.5081) 11:07 pm EST entry
EU Short +3 (1.3559 11:24 pm EST entry

4 hour trades
GU Short +16
GJ Short +13
N/U Short +7
EU Short +10
EJ Short +17 pips
AU Short breakeven

13 wins 2 losses 1 breakeven
Total +90 pips (daily goal reached) Sydney/Asia Session
  • #1,184
  • Edited Mar 23, 2010 12:17am Mar 22, 2010 11:04pm | Edited Mar 23, 2010 12:17am
Looks like all 6 pairs are topped out.

Will be looking on smaller time frames for shorts.

Update: I will give results on the 4 hour trades on the EU, GU, EJ, GJ, AU, Nzd/Usd in the morning.

Time for sleep.
  • #1,185
  • Edited 12:51am Mar 23, 2010 12:33am | Edited 12:51am
GU Short 1.5093 Target 1.5073 +16 pips
GJ Short 136.30 Target 136.10 +13 pips
Nzd/Usd Short 7069 Target not reached Exit +7 pips (target reached at 7055)
EU Short 135.57 Target not reached Exit +10 pips (target reached at 1.3539)
EJ Short 122.43 Target reached 122.23 +17 pips
AU Short No Price Action closed at breakeven (still slow)

All Shorts are closed before rest time. Not too bad for my 2nd strategy......
Totals updated on Post # 1183
  • #1,186
  • Mar 23, 2010 4:12am Mar 23, 2010 4:12am
N2 Hope you get a chance soon to explain more about the new 4 hour trading, In your own time ofcourse, check out this EU trade I took this morning, Price was trading round the 13500, a strong round number, I waited untill the 5 min PA failed to make a new low and then got in @ xxx12 for ten pips...
Attached Image (click to enlarge)
Click to Enlarge Name: pic.gif Size: 19 KB
  • #1,187
  • Mar 23, 2010 7:57am Mar 23, 2010 7:57am
Quoting rebelheart
N2 Hope you get a chance soon to explain more about the new 4 hour trading, In your own time ofcourse, check out this EU trade I took this morning, Price was trading round the 13500, a strong round number, I waited untill the 5 min PA failed to make a new low and then got in @ xxx12 for ten pips...
I went back to take a look at your trade setup.

Very good patience, the higher low formed with a break above the failed candle.

You can see you entry gave you 10 pips with lots of room, those are the kind of entries you like, I find myself in tighter spots more often then I would like.

You can trade those setups all the time, making good profits.

Congrats, keep me updated as you make all that CASHO...

I have not given too much info on the 4hour setups, but I can see the results are greater then what I had for targets.

Have a great day,

J
  • #1,188
  • Mar 23, 2010 8:05am Mar 23, 2010 8:05am
I wanted to give an update on the 4 hour trades taken during Asia session.

Each short reached the targets I had projected, and not 1 pair went above the stops yet.

Here are the results of the distance of each pair since the open of the trade.

GU 122 pip move
GJ 109 pip move
Aus/Nsd 35 pip move
Nzd/Usd 41 pip move
EU 82 pip move
EJ 69 pip move

Each pair moved down in a 3 candle sequence to find the bulls come back into the market during this 4 hour bar.
  • #1,189
  • Mar 23, 2010 8:16am Mar 23, 2010 8:16am
Quoting N2FX
I went back to take a look at your trade setup.

Very good patience, the higher low formed with a break above the failed candle.

You can see you entry gave you 10 pips with lots of room, those are the kind of entries you like, I find myself in tighter spots more often then I would like.

You can trade those setups all the time, making good profits.

Congrats, keep me updated as you make all that CASHO...

I have not given too much info on the 4hour setups, but I can see the results are greater then what I had for targets.

Have a great...

also had these areas that helped it hold---- and then move up

nice trade

http://i42.tinypic.com/mvqaux.jpg
  • #1,190
  • Mar 23, 2010 8:21am Mar 23, 2010 8:21am
Quoting BigDawg
also had these areas that helped it hold---- and then move up

nice trade

http://i42.tinypic.com/mvqaux.jpg
Exactly, I would have been looking for a long at the very bottom.

Rebel took the conservative trade, which works great, but the stop is deeper for me.

I prefer getting the low entry, if it fails, the stop at low will be smaller loss.

As traders become more aware, they will see it the way we do, but that is a hard thing for most traders to trade, without seeing indicators to show them the way. lol.

Cheers bro.

Will be on skype in an hour or so.
  • #1,191
  • Mar 23, 2010 8:43am Mar 23, 2010 8:43am
Back to 1.3500 level, could bounce some here.

I am not trading for another hour or so.
  • #1,192
  • Mar 23, 2010 8:58am Mar 23, 2010 8:58am
Thanks for the feed back guys... just want to learn this $hit..
  • #1,193
  • Mar 23, 2010 9:28am Mar 23, 2010 9:28am
Quoting rebelheart
Thanks for the feed back guys... just want to learn this $hit..
You will notice if you watch EU on a few time frames, that patterns continually form, it is the fake outs that we have to exit quickly, but your doing a good job.

I like to watch the extremes first, then once those are tested, I look for the formations.

I have a hard time to be patient for the 5 min to go thru the complete cycle of formation, that is why I trade the price line chart, so I can see those cycles more often, but the targets are smaller for me now, like 3 pips a trade.

The important thing I have found, if identifying those consistent patterns, when they fail, exit, that simple.

Keep stops close, and don't worry about a few losers along the way, the winners will knock them out quickly, as I have shown with my daily totals.

cheers and good trading.

J

oh, the 1.3500 bounce was a rocket to the sky, hope someone took that trade.... I try to give areas of interest, but we have to press the button to make CASHO.....
  • #1,194
  • Mar 23, 2010 9:31am Mar 23, 2010 9:31am
Looks like stall pattern setting up, the 15 min giving rejection, so now we watch for top test with failure...

Take trade at your own risk. lol

Update: 1.3530 is the last high on 5 min, careful on shorting this break, I expect move back up....
No trade setup yet for shorts.
  • #1,195
  • Mar 23, 2010 9:52am Mar 23, 2010 9:52am
One thing I noticed, all 6 pairs took the move down, then caught support above yesterday's low, they may be looking for a higher move.

I have not taken any trades today, watching, but being patient.

1 hour till London closes, they push price alot, so be careful shorting just anywhere....
  • #1,196
  • Mar 23, 2010 10:51am Mar 23, 2010 10:51am
I had taken a long on the dip down.

+12 pips (4 lots) premier double bottom, after my entry though. lol
  • #1,197
  • Edited 2:54pm Mar 23, 2010 10:55am | Edited 2:54pm
Sun-Mon Totals
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)

Mon-Tue Totals
EU Short +4
EJ Short -3
EJ Long +5
EU Long +5
EU Short +4 (1.3565)
EJ Long +4 (122.41) 8:34 pm EST entry
EU Short +4 (1.3554) 8:38 pm EST entry
EJ Short -2 (got faked on this one)
GU Long +3 (1.5081) 11:07 pm EST entry
EU Short +3 (1.3559 11:24 pm EST entry

4 hour trades
GU Short +16
GJ Short +13
N/U Short +7
EU Short +10
EJ Short +17 pips
AU Short breakeven
NY Session
EU Long +12 (4 lots) = +48 pips
EU Long +3 (2 lots) = +6 pips (entry 1.3535 at 12:21 pm EST)
EU Long +4 (2 lots) = +8 pips (entry 1.3516 at 12:39 pm EST)
EU Long +10 pips (5 min formation) entry 1.3488
EU Short +2 pips
EU Short +3 pips

19 wins 2 losses 1 breakeven
Total +167 pips (daily goal reached)

Weekly Total +180 pips (weekly goal of 105 pips reached) and it is only Tuesday.......
  • #1,198
  • Edited 11:44am Mar 23, 2010 11:42am | Edited 11:44am
Took Long at 1.3516 supp setup at 12:39 pm EST.

Exit +4 pips (2 lots) =+8 pips

I am now finished trading, have a great week guys.

N2
  • #1,199
  • Mar 23, 2010 1:22pm Mar 23, 2010 1:22pm
Quoting N2FX
I had taken a long on the dip down.

+12 pips (4 lots) premier double bottom, after my entry though. lol

lol

exactly what we were talking about

and then followed by a perfect short setup off it

almost too easy

nice trading btw
  • #1,200
  • Mar 23, 2010 2:12pm Mar 23, 2010 2:12pm
OH YEA, come back to test the low earlier.

I entered LONG on the 5 min rejection at 1.3488 and exited with +10 pips, and should have held it for 20 lol.

That is how the market makers play it, push and push, then give in and let me have some CASHO.
0 traders viewing now