N2FX - 1/5/15 Minute Pattern Trades

Waiting for 69 break as my entry

Stop above 73

Target 7-10 pips

It may go to 5453 area. but a scalper does not hold long.

I am 2 lot entry, will exit the first entry for the scalp, holding the second for 53 area or a breakeven.

I am watching the 5 min chart to see where price holds, for a stop area, if it breaks above then my short setup is out.

New 30 min bar in a few, will see if that takes it down or up here.....

New stop would be 75

Entry on a break below the 70 area still

Note: see how price stopped before it broke 70/69. that is why I will wait, to get the true break of the move.

Hey J I have been watching the xxx83 Ill short here if she breaks trew it

And it goes higher, cool, I kept it safe and did not get caught.

Price is moving up good for GU, we might actually see that 5506 area again.

I have patience, already cleared 2 good trades on GJ, so no hurry.

Fast move ther xxx00 could be a nice short

I am heading out the door, I was really wanting that GU short to trigger, but I do not have to have a trade if it does not meet my requirements.

I would be looking for shorts again from 5490 up to the high of Asia 5519 area.

If there is a dip, look for the 5470 area as a target.

Okay, that is it till later.

Gotta run.

Very good chart and idea.

I am putting a 1/2 lot on the 5510 area, if it hits while I am out it will be an auto entry.

I put Target on that short at 5470 and stop for 5530, so 40 for win and 20 for loss.

What can I say, gotta trade sometime.

Post your trade when it triggers, I will check it during Sydney.

Cheers

Note: Keep an eye open for a 15 min rejection candle, if that forms, then shorts will be much more available.

Took the 00 break on the way down... Looks like N2 missed his short by one pip... Sorry buddy... My target xxx85

Out for 15 stress free pips... Ill be watching round the xxx10 for double top and short.

That burns my hide lol. I had 5510 as my order, actually missed by 2 pips, wow.
(oh, and look at that rejection 15 min candle I was telling you guys about, that was the setup of the day)

My target was 5470, and that hit with no problme, what a perfect setup, if I had been here I would have gone in manually when you did.

Just goes to show that these areas are prime money makers.

Good Job on your trades, glad you made some money.

Breaks below 3579 I will be short.

Watching it just sit for now, really slow.

These 2 pairs started the move down, EU and EJ are still sitting and waiting.

If we break down, I am in, if it goes up, I will watch for a new stall pattern on the 15 min.

A scalpers life, waiting and attacking, but mostly waiting. lol.

Note: what I would like to see is a quick spike up to 3590/3600 level, then a rejection candle, but I will take a move down here also, just not as pretty.

I guess I should have been looking at the GU or GJ, those pairs paid out nice on shorts, EU was up a few pips, and now is back to entry line.

I am going to hold for new hour, which is not my style.

A break above high, I will exiit, let's see how it responds, be quick if it spikes up.

That was the slowest 10 pips I have seen in a long time, but was a nice 200.00 gain.

I waited and was wondering when it played at my entry price, I really like as close to the top as I can get, and the setup was good, just not the fastest market time.

Here is the chart, does not take a rocket scientist to find this kind of cash.

As I said, the scalper spends most of his/her time waiting, and just a few minutes in the attack mode.

I have shown many types of setups, I know there are a few that have caught some of my concepts.

Most traders want this to be a long haul of learning, why??? Just learn some patterns, take the risk, win or lose, just take the trade.

Note: I mentioned the entry line when I seen the resistance area form, the move up was the overflow or what I call noise, when the doji formed and price broke back below the 3579, I entered.

Watching for support bounce down to 5453 area.

New 7pm hourly, and things get going this hour.

Update: 5463 is break point up, let's get it.

That was a tough one, I had a 63 break long, and took it, then it went to the low line which was 1 pip from my stop.

Price came back up to the entry and I seen a 1 pip loss and thought, I will wait for more up, took a -3 pip loss, which is not bad considering my overall situation

Like I say, take the setup, win or lose trade, what you know has worked, but some fail, just have to trade it.

This is the 5 min GU chart.

I will not say lol.

be back in 30 min

The price came to the daily low, I entered short when price stalled and collapsed.

Entry 125.77

Exit +15 pips

Here is the 5 min chart.

Green line is daily low.
Price stalled and broke low again.