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N2FX - 1/5/15 Minute Pattern Trades

  • #2,061
  • Apr 19, 2010 9:41pm Apr 19, 2010 9:41pm
Quoting BigDawg
have you read all of this thread from the start?

lots of good info in this thread
I wouldn't want to re-read this whole thread LOL.

Actually we bring fresh stuff to the table every day, I try to put charts on for examples, and I will do a few here for you guys.

I would recommend watching charts over reading the entire thread.

If your interested in Price action trading, pick a time frame and let me know here.

I want you to put 2 charts up when you decide, a candle chart and a line chart.

After everyone gives their preference to time frame, we will all work that together.

So it is up to you guys, post or forever hold your peace.
  • #2,062
  • Apr 19, 2010 9:45pm Apr 19, 2010 9:45pm
Reading to many threads is a problem as well

just when you have developed a good system
you read some one elses thread and it creates
a suspicous little doubt and gives you a whole bunch of other
stuff to think about and clutter the focus

I like the running commentary on this one
  • #2,063
  • Apr 19, 2010 9:45pm Apr 19, 2010 9:45pm
Quoting trublu
I have but I don't think I took enough time to read over everything in as much detail as I should have. That's task number one for now and thanks for the tips N2, I know it's taken you two guys years to get where you are and I'm just hoping with enough work and chart time I can be trading consistently some years down the road.

trublu
You can pick this up in months, there are few traders that post this kind of information on forums, normally you have to pay for this type of trading lessons.

I learned from a few great scalpers, they are premier pattern recognizers, and from the different traders, I took a year and traded a very small lot size just to trade 100's of times a day on EU alone.

And I do not recommend demo accounts, if you have real money on trades, you learn much faster.
  • #2,064
  • Apr 19, 2010 9:46pm Apr 19, 2010 9:46pm
Quoting N2FX
I wouldn't want to re-read this whole thread LOL.

Actually we bring fresh stuff to the table every day, I try to put charts on for examples, and I will do a few here for you guys.

I would recommend watching charts over reading the entire thread.

If your interested in Price action trading, pick a time frame and let me know here.

I want you to put 2 charts up when you decide, a candle chart and a line chart.

After everyone gives their preference to time frame, we will all work that together.

So it is...
if he is willing to go through your charts with you 1 on 1

and you do not post them you guys are crazy

he knows what he is doing

i would listen
  • #2,065
  • Apr 19, 2010 9:47pm Apr 19, 2010 9:47pm
Quoting N2FX
I wouldn't want to re-read this whole thread LOL.

Actually we bring fresh stuff to the table every day, I try to put charts on for examples, and I will do a few here for you guys.

I would recommend watching charts over reading the entire thread.

If your interested in Price action trading, pick a time frame and let me know here.

I want you to put 2 charts up when you decide, a candle chart and a line chart.

After everyone gives their preference to time frame, we will all work that together.

So it is up to you guys,...
Well I vote for the 5min chart just because that is what I am used to and I like how it's not super fast like the 1min but faster than the 15min. Are you saying you want me to post a candle and a line chart of a 5min chart or do you mean just put those up in my window to look at them and not actually post them here?

trublu
  • #2,066
  • Apr 19, 2010 9:47pm Apr 19, 2010 9:47pm
i need to sleep


lol

have a good session
  • #2,067
  • Apr 19, 2010 9:49pm Apr 19, 2010 9:49pm
trade micro micro micro lots because its totally diferent with the real deal

plus when the set up is good you just bump up the entry and you are in the game
  • #2,068
  • Apr 19, 2010 9:50pm Apr 19, 2010 9:50pm
Quoting N2FX
I wouldn't want to re-read this whole thread LOL.

Actually we bring fresh stuff to the table every day, I try to put charts on for examples, and I will do a few here for you guys.

I would recommend watching charts over reading the entire thread.

If your interested in Price action trading, pick a time frame and let me know here.

I want you to put 2 charts up when you decide, a candle chart and a line chart.

After everyone gives their preference to time frame, we will all work that together.

So it is up to you guys,...
Count me in 5 min or 15 min both are fine with me.....
Raza
  • #2,069
  • Apr 19, 2010 9:50pm Apr 19, 2010 9:50pm
Quoting frenz
Reading to many threads is a problem as well

just when you have developed a good system
you read some one elses thread and it creates
a suspicous little doubt and gives you a whole bunch of other
stuff to think about and clutter the focus

I like the running commentary on this one
I have read many of the threads, and I have done at least 200 systems, and I have found the small simple trades I do to be the most rewarding.

I am not depending on indicators, signal services, or those to give live calls.

I pick my poison, when it fails I exit.

I probably run about 90% win ratio, and the 10% of losses keeps in the forefront of my mind.

To be honest, I take every trade as if they will be a loser, I find my tolerance level for my stop before I ever enter, and I try my best to enter a trade that will not go to that stop.

I can win 10 straight trades and when I lose 1, it burns me up, I remember that feeling every time I press the button, and it keeps me very careful.

Look for Rejection levels, find an area where price refuses to go, and take a trade at the nearest point possible.

I was looking for 3509 today, so 3500 was okay for shorts, but I would have liked a 3505 area for better entry, it only went to 3501, so if you waited for it to go to the 3509, you would still be waiting.

Will post a chart in a few to explain this.
  • #2,070
  • Apr 19, 2010 9:53pm Apr 19, 2010 9:53pm
Quoting BigDawg
i need to sleep


lol

have a good session
11 pm there EH?

Thanks for the trade calls, I appreciated them mucho.

Good Sleep, talk with you tomorrow.

J
  • #2,071
  • Apr 19, 2010 9:54pm Apr 19, 2010 9:54pm
Here is why I was watching 3509 besides the point it had hit this a thousand times the past month.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 15 min chart level 3509.PNG Size: 25 KB
  • #2,072
  • Apr 19, 2010 9:57pm Apr 19, 2010 9:57pm
The results look to be 5 min so far, I know Big D likes 5 min, and a few of you guys do.

So let's look at the 5 min and how it is breaking down here the past few hours.
  • #2,073
  • Apr 19, 2010 10:02pm Apr 19, 2010 10:02pm
Quoting N2FX
The results look to be 5 min so far, I know Big D likes 5 min, and a few of you guys do.

So let's look at the 5 min and how it is breaking down here the past few hours.
ok i am ready with the line and candle charts set up here......
Raza
  • #2,074
  • Apr 19, 2010 10:02pm Apr 19, 2010 10:02pm
Quoting shr5
ok i am ready with the line and candle charts set up here......
ditto
  • #2,075
  • Apr 19, 2010 10:02pm Apr 19, 2010 10:02pm
me in too. been lurking and reading all the good stuff you folks have been sharing here all this while. i would like to learn this good stuff as well, so count me in.
  • #2,076
  • Apr 19, 2010 10:03pm Apr 19, 2010 10:03pm
I put a few notes on this chart, it is less noisy on a 15 min, but the same thing basically.

I look where price likes to hang around, if it breaks that point, I then look for next level it stayed at earlier, each zone means something, look for clusters of price.

I will explain it more in a little while, t.v. time for an hour or so, long day and tired.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 5 min chart setups.PNG Size: 29 KB
  • #2,077
  • Apr 19, 2010 10:07pm Apr 19, 2010 10:07pm
Quoting N2FX
I put a few notes on this chart, it is less noisy on a 15 min, but the same thing basically.

I look where price likes to hang around, if it breaks that point, I then look for next level it stayed at earlier, each zone means something, look for clusters of price.

I will explain it more in a little while, t.v. time for an hour or so, long day and tired.
sure take your time take care

on a seperate note.....If you had skype + mikogo we could've had live session
Raza
  • #2,078
  • Edited 10:12pm Apr 19, 2010 10:09pm | Edited 10:12pm
Now look at my short from 94, see the lower high that formed on the line chart.

Also the rejection of the low, was a good pattern for the move back to the upper 81 level.

I watch this on the 1 tick usually, since I know how the candle looks without looking at the line chart, but it is good to watch for learning.

Higher highs then lower highs go short.

Lower lows then higher lows go long.

Any time frame.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 5 min line chart.PNG Size: 28 KB
  • #2,079
  • Apr 19, 2010 11:06pm Apr 19, 2010 11:06pm
Quoting N2FX
Now look at my short from 94, see the lower high that formed on the line chart.

Also the rejection of the low, was a good pattern for the move back to the upper 81 level.

I watch this on the 1 tick usually, since I know how the candle looks without looking at the line chart, but it is good to watch for learning.

Higher highs then lower highs go short.

Lower lows then higher lows go long.

Any time frame.
u get that move back up to 82

i couldnt help it



sleep time
  • #2,080
  • Apr 19, 2010 11:21pm Apr 19, 2010 11:21pm
Quoting BigDawg
u get that move back up to 82

i couldnt help it

sleep time
I am beginning to think your a sleep trader?
I did not see the setup, was relaxing and had a long day and I am not seeing clearly at this moment.
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