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N2FX - 1/5/15 Minute Pattern Trades

  • #2,001
  • Apr 19, 2010 12:20am Apr 19, 2010 12:20am
Or possible a long at 59....talking about eu here.
  • #2,002
  • Apr 19, 2010 12:20am Apr 19, 2010 12:20am
Quoting T Bryant
congrats!
Not a bad start to the week, almost like last sunday/monday.

I am only 30 pips from my weekly goal, so when I hit that I get a little more picky.

Cheers T man
  • #2,003
  • Apr 19, 2010 12:23am Apr 19, 2010 12:23am
Quoting 3dragz
Or possible a long at 59....talking about eu here.
Yes, I see that.

I knew you were talking of EU.

The wild thing is seeing price come down and taking longs, I do it all the time.

35 minutes till Frankfurt, I have an eye on GU here now.

Should really move nicely, maybe the move might rise?

I will long when it sets up.
  • #2,004
  • Apr 19, 2010 12:27am Apr 19, 2010 12:27am
Price coming down fast. Re-thinking here.
  • #2,005
  • Apr 19, 2010 12:28am Apr 19, 2010 12:28am
Be aware for EU, the GJ and GU is really driving deeper, and opening the gap big time, I am looking for the 30 min bar close here and a move up on GU.
  • #2,006
  • Apr 19, 2010 12:30am Apr 19, 2010 12:30am
I took LONG at 5225 on the 30 min close only, a blind long.

Let's see how the recent low plays, get back above, we could get another 10 to 20 pips up.

Or it could just drop deeper.
  • #2,007
  • Apr 19, 2010 12:39am Apr 19, 2010 12:39am
Normally 7 or 8 pips I am out, thinking were going to move up a little more here before end of the hour and Frankfurt open.

I will take a breakeven exit if it drops.

I am in 2 lots, and would like to get about 20 pips on this.

The risk is okay, just go with breakeven and all is good.
  • #2,008
  • Apr 19, 2010 12:49am Apr 19, 2010 12:49am
Okay, I held it and it paid out. I wanted more, as always, but with 2 lots on the line, I cleared 15pips times 2, so 30 pips on that long.

That was on what happens usually when a big move happens at certain times.

Okay, I am out now, I am no Frankfurt or London trader.

+105 pips exact already just today, my weekly goal has been reached.

I will sleep nice tonight.
  • #2,009
  • Apr 19, 2010 12:52am Apr 19, 2010 12:52am
Quoting N2FX
Okay, I held it and it paid out. I wanted more, as always, but with 2 lots on the line, I cleared 15pips times 2, so 30 pips on that long.

That was on what happens usually when a big move happens at certain times.

Okay, I am out now, I am no Frankfurt or London trader.

+105 pips exact already just today, my weekly goal has been reached.

I will sleep nice tonight.
saweeet good night
Raza
  • #2,010
  • Apr 19, 2010 12:55am Apr 19, 2010 12:55am
Quoting shr5
saweeet good night
3 15min candles on EU stalled at 3455, would watch for rejection above this for next long during Frankfurt, if it breaks, should go deeper.

Trade careful guys, let the setups come to you, and GO FOR THE CASHO.

Cheers, will be out part of the NY tomorrow, but around in Sydney or even mid NY.

Night.
  • #2,011
  • Apr 19, 2010 1:01am Apr 19, 2010 1:01am
Later.
  • #2,012
  • Apr 19, 2010 2:15am Apr 19, 2010 2:15am
I think the M5 might be a bit to stressful for me, i think i need to slow down.
well off to bed for tonight, going to reassess my strategy tomorrow.
  • #2,013
  • Apr 19, 2010 7:14am Apr 19, 2010 7:14am
Quoting T Bryant
I think the M5 might be a bit to stressful for me, i think i need to slow down.
well off to bed for tonight, going to reassess my strategy tomorrow.
I started with the 5 min chart and traded it for several years.
I found some many failed candles along the way, but the quicker price action gives you more screen time to learn.
The 15 min candles have a little more balance, I can watch the 15 min in progress now and know what a the 3-5min candles are doing within that candle.
If you can see setups on the 5 min you will do great, and later if you decide to switch to a 15 min it will be that much easier to see.

Don't switch strategies too often, just learn more about what does not work within your strategy and try to avoid trading those setups.

Cheers,
J
  • #2,014
  • Apr 19, 2010 7:21am Apr 19, 2010 7:21am
Pushing the low again, breaks down, it may want to test the 3400 area, I have a line around 3392, but I am also watching for rejection at this low.

So I have to be patient and wait for it to say it is going to go up, it will give a sign when it is ready.
  • #2,015
  • Apr 19, 2010 7:25am Apr 19, 2010 7:25am
Watching the 5 min chart for the news here.

30 min for US news still.

Let's see how this moves.
  • #2,016
  • Apr 19, 2010 8:00pm Apr 19, 2010 8:00pm
Took a look a few hours ago and seen everything bullish from NY.

I just took 4 pips short on EU at 3495 and I am short again at the top of the hour at 94.

Stop on the high.
  • #2,017
  • Apr 19, 2010 8:08pm Apr 19, 2010 8:08pm
Was up a few, then down a few, seen the EJ and GJ take off upwards and took the exit.

I am really surprised with the bullish moves today, I will now wait for a new setup, and I am not totally into trading right now.

+4 and a -4, not to hot so far.

Will watch and wait for it.
  • #2,018
  • Apr 19, 2010 8:09pm Apr 19, 2010 8:09pm
The gap close is at 3509, and I was liking the 3500 line for that short, sort of faking us out here, so I am playing it safe.

I will make up that loss here in a few for sure....

Let's make those pips.
  • #2,019
  • Apr 19, 2010 8:12pm Apr 19, 2010 8:12pm
its ducking and weaving im favouring the down side
  • #2,020
  • Apr 19, 2010 8:13pm Apr 19, 2010 8:13pm
Quoting N2FX
Was up a few, then down a few, seen the EJ and GJ take off upwards and took the exit.

I am really surprised with the bullish moves today, I will now wait for a new setup, and I am not totally into trading right now.

+4 and a -4, not to hot so far.

Will watch and wait for it.

action sucks right now
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