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N2FX - 1/5/15 Minute Pattern Trades

  • #2,261
  • Apr 26, 2010 11:16pm Apr 26, 2010 11:16pm
Quoting TheCableGuy
The above chart is a 5 minute.
Thanks.

Please keep posting your thoughts
  • #2,262
  • Apr 26, 2010 11:34pm Apr 26, 2010 11:34pm
I am now out of the Long EU, took 10 pips when I seen how it is folding under.

Now the 82 line is forming into block wall, will watch for a break or reversal to low area.

It has been a very slow market, such is a range bound pair.
TheCableGuy
  • #2,263
  • Apr 26, 2010 11:47pm Apr 26, 2010 11:47pm
3384 was the turn down point, stop on an 87 break.
TheCableGuy
  • #2,264
  • Apr 26, 2010 11:49pm Apr 26, 2010 11:49pm
77 first then 69.
TheCableGuy
  • #2,265
  • Apr 27, 2010 12:00am Apr 27, 2010 12:00am
It struggled with 80 but it went through. Good call again. Damn you're on fire.
  • #2,266
  • Apr 27, 2010 12:01am Apr 27, 2010 12:01am
At 77 touch, new hourly bar.

That was the end of the hour 5 pip trade.

Was not smooth.
TheCableGuy
  • #2,267
  • Apr 27, 2010 12:03am Apr 27, 2010 12:03am
Quoting 3dragz
It struggled with 80 but it went through. Good call again. Damn you're on fire.
I was hoping for a quicker move down, that 80/81 was tough, but 77 came into the game, giving fast profits.

Will probably go down further, the hour bar looks like it will.
TheCableGuy
  • #2,268
  • Apr 27, 2010 12:06am Apr 27, 2010 12:06am
If this hold above the 63 low, and gives higher low, I will look for a long above 85 break of the 15 min resistance line.

Might take all hour, or Europe session.
TheCableGuy
  • #2,269
  • Apr 27, 2010 12:07am Apr 27, 2010 12:07am
72..71 area looks tough though.
  • #2,270
  • Apr 27, 2010 12:09am Apr 27, 2010 12:09am
Quoting 3dragz
72..71 area looks tough though.
Have to be aware of the risk involved when price is trapped in a range box.

I will need to see a strong move to break, and then go for it.
TheCableGuy
  • #2,271
  • Apr 27, 2010 9:08am Apr 27, 2010 9:08am
News moved price up, then it came back towards news opening.

I am in a long from 3304, looking for 3320 area.
I have stop below the low at 3297.
TheCableGuy
  • #2,272
  • Apr 27, 2010 9:13am Apr 27, 2010 9:13am
Was in a nice long an hour ago@ xxx82, took ten pips... kicking myself now ofcourse... hard to tell what might happen with this goldman thing going on right now, ill sit on the side lines for now, thanks for keeping the thread alive cable...

Danny
  • #2,273
  • Apr 27, 2010 9:18am Apr 27, 2010 9:18am
If cable breaks the xxx20 I might take a long on the way back up..
Attached Image (click to enlarge)
Click to Enlarge Name: pic.gif Size: 14 KB
  • #2,274
  • Apr 27, 2010 9:25am Apr 27, 2010 9:25am
Quoting rebelheart
Was in a nice long an hour ago@ xxx82, took ten pips... kicking myself now ofcourse... hard to tell what mig

Wht happen with this goldman thing going on right now, ill sit on the side lines for now, thanks for keeping the thread alive cable...

Danny
That was a great entry friend, could not get any lower at this time.

I am thinking the 3318 is previous 15m resistance, if it breaks that fast, it should move to the 3330 area.

I will raise my target to 30, and when price moves up raise my stops.

For now my stop is still at 3297 line, so a 96 would knock me out, and it looks like it wants to come down here now.

It is still in a range that could go any direction, I think FED is speaking also.
TheCableGuy
  • #2,275
  • Apr 27, 2010 9:33am Apr 27, 2010 9:33am
Okay 1/2 of entry from 3304 is out at 3318 +14 pips, and the 2nd 1/2 is still in for the move to 3330 and now the stop is at 3314, so all profits on this trade.
TheCableGuy
  • #2,276
  • Apr 27, 2010 9:37am Apr 27, 2010 9:37am
I am completely out now with the exit at 3324, for +20 pips on the 2nd 1/2.

Price never went below the open of the news price, so the stop at 3297 was never in jeopardy.

I am done for now, a very good morning that at one point looked like was going to be stopped out.
TheCableGuy
  • #2,277
  • Apr 27, 2010 9:43am Apr 27, 2010 9:43am
This is what I was looking at.

News moved up, then came to test news open, I went long at the 3300 open bar of the new 5m.

The 3318 was previous resistance, so that was my first area to watch, then the 30 was 2nd area, which by the looks of it was finally reached.
Attached Image (click to enlarge)
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TheCableGuy
  • #2,278
  • Apr 27, 2010 9:46am Apr 27, 2010 9:46am
This level seems to be playing most of this week.

I am going to stay out because I am already in the profits.

See you guys later I guess.
TheCableGuy
  • #2,279
  • Apr 27, 2010 9:49am Apr 27, 2010 9:49am
Quoting rebelheart
If cable breaks the xxx20 I might take a long on the way back up..
Did you go long on gu?

If that pair takes off, I see 5370 area for targets?

Good day.
TheCableGuy
  • #2,280
  • Apr 27, 2010 9:53am Apr 27, 2010 9:53am
45 pip drop on EU back to that news price at 97 line, does that make you want to short a good entry????

I am interested in this.
TheCableGuy
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