N2FX - 1/5/15 Minute Pattern Trades

What is the entry size of your balance? is it 1x , 2x or 10x?

How much do you make per month with this system?

Now we have the high and low for GU, it is in SEARCH mode, trying to find a place it can rest a while.

I have 2 gray boxes marked where it can only go, I will not take any trades to that point, but once it goes to those areas I look for the hesitation points.

We know that it broke out to the upper today, and in the middle of that move, price came back and stalled at 5261 area, so mark that low, and on the top we reached 5318, so mark that.

When price gets near these areas, we look for stall patterns to form, if they blow by it, look for those areas as targets when the next level stalls.

Price can only go 2 places, well 3, UP, DOWN, Sideways, but the sideways won't hold.

I am not depending on the system at this time, I am in the developing stage and I am trading 1 mini lot for the next few weeks.

For my other trades I do, they are standard size, up to 5 or 7 max on any one trade, these are my bread and butter, and I require myself to get 105 pips per week minimum.

Let's see how I do on my review at the end of this week and next, then we can work to put more money on 15 min system, I never hurry to lose money with indicator trades.

I would tell anyone here who wants to be a serious trader to do a few things.

#1 Pick your pair (EU is the most reliable and has the smallest spread)
#2 Trade the same type of setups every time
#3 Learn patterns with the same time frame over and over
#4 Memorize candle recognition, and learn how they develop during movement
#5 Trade the same time frame over and over
#6 Trade the same session times, they do the same things all the time
#6 Don't lose more money then your making (if my target is 6 pips, then stop is 6 pips, etc.)
#7 Learn to lose, then learn how those losses occurred, don't repeat
#8 Relax and be rested, prepare your battle and have your target and stops ready on each trade before entry
#9 Be Balanced, don't stare all day at charts, live and be happy
#10 Be consistent in all things, in our trading and our lively hood

Here is the current EJ 15 min chart. I have 4 candles marked.
Remember, patterns usually occur and the same response happens, but there are times they FAIL.
Trade every trade with the thought, this could fail, and if it does, I am out, but I will trade it again when it forms.

1-this candle tells me the top is near, I will watch the candle after this one to see if it will reach the top, if not, I will short a break below the body.
2-when this bearish candle forms, on the next candle I watch for a partial move back into the bullish candle, but it usually means another bearish candle is coming.
3-this is the doji that says, where to from here, they win and lose, so take them at face value 50% chance, they are a sign of no direction, or reversal setup.
4-this candle usually has a move back down on the next candle, I do not short the close of this candle, but it tells me to exit on a long.

There are many different candles to watch, and I can see them develop knowing what is coming for a new trade or an exit.

The second chart is updated showing how the candle after the #4 candle performed.

I agree ej or eu more reliable than the beast gj.
Problem is gj sometime follow ej other time gu, so pattern is not followed always. It has double mind, only when trend is established gj gives you most money.

Thanks for the recommendations for trading, N2. I printed them out for handy reference.

it

gj- 5 to 10 minutes ago was following gu, now it is following ej.

You mean it is a two-timer lol.

GU times UJ = GJ.

GJ will follow any pair,it is a rebel.

Well, I better not post too much candle stuff, you'll run out of paper or ink.

I hope your trading is going good, glad to have you here on the thread.

Let's make some serious Casho this week.

Jody

Looks like it wants to dip further, GJ is hitting resistance hard, maybe will see a break up?

No trades for me until swap rates/interest finish at 5 pm est.

Finally some color on the charts, RED RED, hmmm.

News out I guess, 15 min until Asia open.

Didn't see anything on the news page.

Well, Short it anyway here.

Let's see if we get a break below 3471 on EU.

All 4 pairs are fighting for lower move.

I seen the big 15 min bearish, pulled up a little on this bar, shorted and out with +8 pips profit.

Price action only.

When all 4 pairs sell off like that, it is just a matter of entry and quick exits.

Wow, normally when I take these setups, I do not hit it right on, but looking at my entry 3480, I was at the pip on this 15 min bar.

Here is the chart, purely price action trade, and some luck for sure.

What I have marked on the 4 pairs is the high of this 15 min bar, let's see how it plays out with then new hour and Asia open.

Look for moves up to test part of this move down.

I am not looking for longs at this moment, but I have lows marked on each pair.

I am wanting, lol, like I have a choice, but a few more big red candles, then a pull back up for major short lots....

EU and EJ are pressing low lines now, come on and break for 30 pips and selloff this baby.

EU 3439 area
EJ 122.66 area
GU 5230 area
GJ 143.62 area

That is based on a selloff.

I am watching for entries short on moves up into the last 15 min bar highs.

Looks like it is trying to give a go on the move up, all ready.

Anyone trading?

I am only watching for this thing to move down, I am not a breakout type trader, even though I see it alot, I will wait for other setups to form.

A good sell off so far on all 4 pairs, just have to wait and watch until we capture the flag, for now, I watch and plan.

And listen to music and read.

One Republic, all the right moves - that fits the trading concept here.

"yea were going down, every one knows where were going" LOL

4 15min bars down, now looking for some type of signal on longs, let one bar close with stall pattern, then will see something quick possibly.