N2FX - 1/5/15 Minute Pattern Trades | Page 105 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

A Pattern for Long term and Scalping trades 7 replies

Price pattern scanner where I choose the pattern 4 replies

Script/EA to balance losing trades agianst winning trades 23 replies

Daily Trades = Lazy Trades Journal 7 replies

Pattern/Price Action Trades 29 replies

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

N2FX - 1/5/15 Minute Pattern Trades

  • #2,081
  • Apr 19, 2010 11:24pm Apr 19, 2010 11:24pm
Quoting shr5
sure take your time take care

on a seperate note.....If you had skype + mikogo we could've had live session
I understand how a live trade room would be nice, but a greater tool is to teach and force traders into learning on their own.
If I can teach a dozen traders, I would be extremely satisfied, and giving calls will only make others dependent.
That may sound harsh, I will attempt to help as much as possible.
  • #2,082
  • Apr 19, 2010 11:28pm Apr 19, 2010 11:28pm
Thanks N2FX for taking you time and posting and teaching. I read your thread everyday. Haven't had the time to trade because of college but the load should come off in couple weeks hopefully will find more time. Thanks again to you and others who take their time to teach and share.
Yea it's Life//
  • #2,083
  • Apr 19, 2010 11:30pm Apr 19, 2010 11:30pm
Making the way back to the high.

Watch how 94 on EU reacts....

Not sure if this is the move to 3509, still 1 1/2 hours till Frankfurt and could be a premature move.
  • #2,084
  • Apr 19, 2010 11:35pm Apr 19, 2010 11:35pm
Quoting serj1
Thanks N2FX for taking you time and posting and teaching. I read your thread everyday. Haven't had the time to trade because of college but the load should come off in couple weeks hopefully will find more time. Thanks again to you and others who take their time to teach and share.
College is more important, take time to learn this for a future date.

I have 2 sons in college and a 3rd one will go next year.
  • #2,085
  • Apr 19, 2010 11:46pm Apr 19, 2010 11:46pm
15 min doji.
  • #2,086
  • Apr 20, 2010 12:00am Apr 20, 2010 12:00am
10 pm here, heading to bed.

Trade safe.

GU doji paid out 1 pip before end of hour bar.

cheers.
  • #2,087
  • Apr 20, 2010 3:56am Apr 20, 2010 3:56am
Quoting N2FX
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...

i understand, it could just be my lack of experience coming to light; thank you for your wisdom.
  • #2,088
  • Apr 20, 2010 7:48am Apr 20, 2010 7:48am
Looks like a 70 pip range for London.

First thing I do when I open the charts is put a line on High/Low of London, then I put a line on where price is going.

So I box price in to find areas that could be a possible bounce area.

In a 70 pip range, it could bounce in the middle of the range, so let's say 3490, it stalled there and then broke below, now I have a line for the move back up to that area.

Not a lot to pick yet, so I remain clear until I get a good picture of red candles or blue candles.
  • #2,089
  • Apr 20, 2010 7:49am Apr 20, 2010 7:49am
At 11.15 PA had a day range of 143 pips, on the five min chart price did not make a HH so took a chance at xxx25 so far I am in 25 pips, have a SL in place now at xx400 and a TP at xx370.. what did you think of the entry N2.. I had been watching things on the 15 min chart, when I saw a pin bar appear I moved to the 5 min.

Hope Jody you can post a few more charts of your own, not easy I know when your trading, but I for one learn a lot from them..
Attached Image (click to enlarge)
Click to Enlarge Name: pic.gif Size: 16 KB
  • #2,090
  • Apr 20, 2010 7:52am Apr 20, 2010 7:52am
Quoting rebelheart
At 11.15 PA had a day range of 143 pips, on the five min chart price did not make a HH so took a chance at xxx25 so far I am in 25 pips, have a SL in place now at xx400 and a TP at xx370.. what did you think of the entry N2.. I had been watching things on the 15 min chart, when I saw a pin bar appear I moved to the 5 min.

Hope Jody you can post a few more charts of your own, not easy I know when your trading, but I for one learn a lot from them..
Out of the 4 pairs, GU gave the best reversal trade, you picked it nicely.

If I were up 25 pips, I would put a profitable stop loss in now, and if it came back to the near high, you could always short again depending on a new signal.

No way I would let 25 pips become 0, actually I would take that and wait for new entry, I prefer locking in money to my account and starting fresh.

Good Job Bro, I like your pick.
  • #2,091
  • Apr 20, 2010 7:54am Apr 20, 2010 7:54am
Targets for the down move are 5362 first then 5343.
  • #2,092
  • Apr 20, 2010 7:57am Apr 20, 2010 7:57am
How I see the short setup and the target areas.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 15 min.jpg Size: 38 KB
  • #2,093
  • Apr 20, 2010 7:58am Apr 20, 2010 7:58am
Made it out, Thanks for the reply N2
Attached Image (click to enlarge)
Click to Enlarge Name: pic.gif Size: 15 KB
  • #2,094
  • Apr 20, 2010 8:00am Apr 20, 2010 8:00am
Look at the GU, it was bullish during this move, so those target areas are also where I will look for long setups.

Not sure the entire move will be erased in one swipe, I see the moves in segments.
  • #2,095
  • Apr 20, 2010 8:03am Apr 20, 2010 8:03am
Quoting rebelheart
Made it out, Thanks for the reply N2
That is an awesome trade, and timely.

Not sure of the news, but a reversal before NY is a great trade.

I am more of a 10 pip type trader, if you got 30 pips, that is just exceptional.

Many times I can see a trade going the distance, but it is difficult to see a big stack of cash on not grab it, that is why you see me take so many small moves, it adds up faster, and my risk is off the table for them to get back.

Let's see how GU reacts here at the top of the hour.
  • #2,096
  • Apr 20, 2010 8:06am Apr 20, 2010 8:06am
Now the first lower target has stalled, I start a upper target scenario, just break down the price levels.

We stay below levels, it could go deeper, it moves above levels we go higher.

Okay, I have a 2 meetings to attend today, and the first is starting in an hour.

Good trading guys.

Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 15 min.jpg Size: 40 KB
  • #2,097
  • Apr 20, 2010 8:20am Apr 20, 2010 8:20am
Ny session is hard for me to post bec i am trading other pairs with the euro

upside res.

.3501
.3511
.3521
.3542
.3562

downside support

.3468
.3445 -48
.3437
.3409-.3420


currently looking for .3448 for this short trade
  • #2,098
  • Apr 20, 2010 8:28am Apr 20, 2010 8:28am
needs to break this 68 and hold under if we are going to see 48
  • #2,099
  • Apr 20, 2010 8:36am Apr 20, 2010 8:36am
took +10

68 held

back in again 48 target again
  • #2,100
  • Apr 20, 2010 8:38am Apr 20, 2010 8:38am
changing that to 50 target
1 trader viewing now