N2FX - 1/5/15 Minute Pattern Trades

Price dipped at the open of the 6pm EST hourly, but then went bullish on the 15m, I was not set up to take the trade, but marked it on my chart.

3146 was the entry line, so now I expect some bullish assistance at the Asia...

Will see, heading out to the gym for a few hours.

Since the news 45 minutes ago, I have taken 2 shorts on the EU.

I exited both too early, but profitable.

Still in a tough range in Asia, waiting for a bigger break either way to form, and for now the move down is the way.....

cheers.

After a week of being sidetracked, I finally got back into trading.

Here is my 2 shorts in the mid Asia session, price was over the 3300 level, and I figured 3308 would stall in time.

Once the pressure gave in and the current changed, it was just a matter of time for it to go down, and the 5 min was very aggressive on the downside.

+ 8 pips on the first short, re-entered and got + 5 pips

Do you plan on sharing more on your trades, and those indicators your using?

cheers.

I post some trades here if time permits, but I spend most of the time managing my trade accounts.

Do share when you can.

Thanks.

I basically monitor these 6 pairs on the 15 min, I watch for frequent patterns within the cross pairs.

Once I see there is consistent market movement, I will focus on the pair that is giving me the most solid pattern for trading.

I will trade up to 2 pairs at one time, depending of the patterns or formations setting up.

If the pattern breaks the consistency, I will set that pair aside for a new setup.

I trade the current movement within the overall trend of the previous 1 to 2 hours in most cases, but there are reversals of current trends that do form, and those are the patterns that I realize there is a change and will set aside and wait for it.

Current movement within the selected guidelines of rules can be very solid profits, with very close stop losses to keep equity within the accounts.

Once I see there is a current trend set, I will monitor a 2nd chart on the 5min.

On this current move of EU, price has been in a downward move, and were in a pullback phase now, I will monitor it as it rises, and once it stalls and breaks back into the current downward trend, I will enter short.

If price continues upwards and no return to the downward trend comes into play, I will then begin to watch for the opposite formations to the upside, but first it would have to take out the recent tops to the left of my 5min chart.

Until then, I am bias short into the current trend of the past few hours.

Hi
cableguy, whats that red indicator you have on your chart, with which you took those shorts.

UK, here is the indicator, I have mine set on the 1min and 5min for 21/50/21
I watch for above on the 5m for longs when the 1m gives signal, I will post a couple charts of trades I took yesterday for you.

Based on the trend that was previous set for downward, price settled in to support around the 3337 area, and from there the 5min chart began to move upwards.

I entered just one long after what I felt was a very possible move up to the 3377 current resistance.

I entered at the 3363 dip after the bigger 5min candle pushed through some of the lower resistances.
(closed for +6 pips)

A quick glance at trend for EU
Daily, 1HR, 15MIN.

Trade the trend, then when trend exhaust itself, trade the pullbacks.

Patience as price finds areas to make it's patterns for continuation of Trend, Retracements, and Breakout and Fakeouts.

Here is the EU 1Min HIGH and LOW for the open so far today.

This is the indicator that can put 3 time frames on 1 chart, like mini charts. You can change the time frames in the options.

Took a couple shorts on EU as it reached Resistance, found out the move up wanted to stop me out.

Then at 3380, I found the sweet spot to put bigger lots on to short into the pullback of the 3365 now in progress.

Overall, pips were more in losses, but profits were more because of higher reward entry at stall areas of a breakout.

At the opening of the market, price shot down some from the previous movement from hours before it opened at 6pm EST.

I took the long at the most predictable area for bounce up to 50% of move down.

+11 pips, no risk, no indicators, except Fibo's.

Just a few minutes before Asia opened, price dipped and I took a little on that move back to the last top right at the open bar 7pm EST.

Now will watch what Asia wants to do in this cycle for the past few hours.

Pressure is DOWN, so will see how all these lower wicks hold, if they can.

1.3595 was previous low before most of the markets opened.

A few 1min trades after the move up failed.

This is 5 of my 15 trades since Asia open.

Always pips in the market, just have your finger ready to press BUY/SELL.

Just observing swing cycle.

Stalling at support presently (yellow trend line).

Pressure is down, but Frankfurt starts in 30min, and anything could happen.

Either way, it will show it's hand soon enough.

Well that 5m setup played nice.

Took another chunk.

Here is the 5m and the 1m showing trade.