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

  • #1,981
  • Apr 18, 2010 11:28pm Apr 18, 2010 11:28pm
Quoting N2FX
The 3486 area has me looking, did we fill the gap yet?

I know GU is very weak, if it catches on, then EU should rise up also.

3500 for tops at this time, I guess that is the gap. lol
as for the gap...nopes we haven't filled it yet.....probably waiting for London Open....
Raza
  • #1,982
  • Apr 18, 2010 11:31pm Apr 18, 2010 11:31pm
What I wanted was a lower move, but a higher low on the dip, that would be a better long entry for me, knowing the stop is much closer.

Normally when you take trades in the middle of a current range, it will not have the push needed.

I notice price gets near a high or low it bounces faster, or it breaks giving a clear exit.

There is risk in trading, so we limit our risk and find the areas that price is hesitant to go through, and trade that rejection of more movement further.

Hope this helps a little.
  • #1,983
  • Apr 18, 2010 11:34pm Apr 18, 2010 11:34pm
Quoting shr5
as for the gap...nopes we haven't filled it yet.....probably waiting for London Open....
Last week we had lower gap, took all week to get there, I am not sure what has to happen in the EURO zone for bulls jump in, I use to think gaps fill same day, but after years of trading them, I take nothing for granted.

Take 5 or 10 here and there, then at the end of the week were up 100 pips.

100 pips could be small change for some, but it pays very nicely when that is minimum weekly.
  • #1,984
  • Apr 18, 2010 11:34pm Apr 18, 2010 11:34pm
Price is above 62, let's watch it and see how it reacts, I am not long with EU, but I have GU and EJ longs right now.
  • #1,985
  • Apr 18, 2010 11:36pm Apr 18, 2010 11:36pm
If you longed at 62, 2 areas for stops on 15 min.

3459 or 3455, your risk level, but not the bottom, if it breaks these 2 levels it will go to the bottom.
  • #1,986
  • Apr 18, 2010 11:37pm Apr 18, 2010 11:37pm
Look for 71 target, but a 62 entry would be around 64 on your buy side, take what you can, or 1/2 at 70 and hold the other for more or breakeven.

Some ideas. Want you to watch and learn how it plays on these moves.
  • #1,987
  • Apr 18, 2010 11:41pm Apr 18, 2010 11:41pm
Long exit +7 pips.

I seen GJ and EU set up for long, and figured it would pay faster then EU for now.

My entry was the last 15 min bar that was a small doji, we broke above it, and the price at 123.81 is where i entered, a small stop to the low of those doji's found myself in a safe and predictable trade.

Target was 123.91 area, the high of the 15 min wick 4 bars back.

Simple trades, making me more pips with speed.

Here is the 15 min chart
Attached Image (click to enlarge)
Click to Enlarge Name: EJ Long 15 min.jpg Size: 43 KB
  • #1,988
  • Apr 18, 2010 11:52pm Apr 18, 2010 11:52pm
Quoting N2FX
Long exit +7 pips.

I seen GJ and EU set up for long, and figured it would pay faster then EU for now.

My entry was the last 15 min bar that was a small doji, we broke above it, and the price at 123.81 is where i entered, a small stop to the low of those doji's found myself in a safe and predictable trade.

Target was 123.91 area, the high of the 15 min wick 4 bars back.

Simple trades, making me more pips with speed.

Here is the 15 min chart
Nice and simple indeed
Raza
  • #1,989
  • Apr 18, 2010 11:54pm Apr 18, 2010 11:54pm
I took the Long at 5249 (5253 buy side) and my stop is very close at 5247 break, so 5246.

Target is 5264 possibly, or higher depending on price action.

Was a higher low on the rejection, had a bearish candle then a bullish candle, I entered there.
Attached Image (click to enlarge)
Click to Enlarge Name: GU Long 15 min.jpg Size: 39 KB
  • #1,990
  • Apr 18, 2010 11:57pm Apr 18, 2010 11:57pm
I was up over 5 pips, price is slow, so my stop has been changed to breakeven.

I try to keep every trade within reach, if I am up I will not let it go negative.

I figure I will have another entry Long if it just drops hard on me, so let it, no biggie, I will capture the flag somewhere along the line.

All a game, up and down, fake and take, then realize you were right after all.

Learn the game, play it the way they play it.
  • #1,991
  • Edited Apr 19, 2010 12:02am Apr 18, 2010 11:59pm | Edited Apr 19, 2010 12:02am
Exit that long with + 8 pips.

Did not even watch it closely, figured I would share info here while I waited to make my money.

Sometimes it is not so easy, but today has been super easy, it makes me uncomfortable to make profits without even thinking.

I hope I can teach a few traders, I feel there are some who want to learn basic trading concepts.
Attached Image (click to enlarge)
Click to Enlarge Name: GU exit.jpg Size: 36 KB
  • #1,992
  • Apr 19, 2010 12:03am Apr 19, 2010 12:03am
Quoting N2FX
Look for 71 target, but a 62 entry would be around 64 on your buy side, take what you can, or 1/2 at 70 and hold the other for more or breakeven.

Some ideas. Want you to watch and learn how it plays on these moves.
Remember my target, it is here, no move negative, all in time.
You can exit all or 1/2 here, let the other part run, but not negative.

Here is the 15 min chart, man, is this perfect????
Attached Image (click to enlarge)
Click to Enlarge Name: EU 15 min target.jpg Size: 46 KB
  • #1,993
  • Apr 19, 2010 12:11am Apr 19, 2010 12:11am
Nice trades on ej and gu. I like the way you set them up and traded them. I can do that with more patience - keeping my itchy trigger finger under control.
  • #1,994
  • Apr 19, 2010 12:11am Apr 19, 2010 12:11am
I have cleared +75 pips today scalping small stuff, all winners (7 trades).
  • #1,995
  • Apr 19, 2010 12:13am Apr 19, 2010 12:13am
Waiting for the right setups is key for me. Also learning more setups too.
  • #1,996
  • Apr 19, 2010 12:13am Apr 19, 2010 12:13am
Quoting 3dragz
Nice trades on ej and gu. I like the way you set them up and traded them. I can do that with more patience - keeping my itchy trigger finger under control.
Once you find the formations, and it gives you the GO, be ready to make CASHO.

Patience is key, and a little guts. lol.

Trade away, and Cheers.

J
  • #1,997
  • Apr 19, 2010 12:14am Apr 19, 2010 12:14am
Quoting N2FX
I have cleared +75 pips today scalping small stuff, all winners (7 trades).
Excellent!!!
  • #1,998
  • Apr 19, 2010 12:15am Apr 19, 2010 12:15am
Quoting 3dragz
Waiting for the right setups is key for me. Also learning more setups too.
Feel free to give a live call when you see the setup, would like to see it form.

One thing to take it on your own, another to give it out loud for others to see.

When do we long EU here??

Or do we look for short?

I have my thoughts, but no setup yet.
  • #1,999
  • Apr 19, 2010 12:17am Apr 19, 2010 12:17am
Quoting N2FX
I have cleared +75 pips today scalping small stuff, all winners (7 trades).
congrats!
  • #2,000
  • Apr 19, 2010 12:18am Apr 19, 2010 12:18am
A break of 76-ish?
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