EU - GU - GJ TRO SETUP TRADES

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N2FX
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Quick

Post by N2FX »

Just took another 2 pips (5 lots) long on that dip, all on 5 tick chart, nothing else.

Patterns that say go fast, don't hold it, make CASHO.
Last edited by N2FX on Thu Mar 18, 2010 5:53 am, edited 1 time in total.
N2FX
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Post by N2FX »

Watching for move to 71 area to hold, will take another long if pattern appears.

No pattern at this level yet, will watch for dip and rise now back to this level, or another pattern on the drop.

This just makes it so fun..... Move down, then up, then down.


Take what it gives.


Update: 71 line is this candle resistance, I am watching it and the 5 min candle going bullish.
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Post by N2FX »

It is hitting on the 5 min, I do not have a clear break on 5 tick, but it should go up here, end of hour bar here in 1 min.

I will be in around 72 area once I see it give signs the bottom is done for a few pips. I have reduced my lot size to 2 lots now.
N2FX
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Post by N2FX »

OH yea, the fake down at top of hour, and BAM, in and pegged some pips, I entered 2 lots, then extra 1 lot, closing all of them in profits.

Man, please tell me this is simple........

I think I am done here for a bit, 1 hour until Frankfurt, we could get a run to 3700 again.
N2FX
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Bottom Feeder

Post by N2FX »

This is the 5 min chart showing the fake at the 2am EST Thursday candle, it failed the low of previous candles, and with the 1/5 tick, I seen the stall and entered for a quick 3 pips at 3 lots.

I have logged in a few good trades today, after increasing my account nicely yesterday by almost 3%, I was not so worried about a smaller profit day.
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N2FX
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EU

Post by N2FX »

This was my final trade of the day.

Right before closing of the market when price was hitting top and giving signs of easy pips.

Total +60 pips in NY session today.

All trades were longs except this one on the chart.

Chart 1 - 5 min
Chart 2 - price chart

Another very profitable week of scalping.

Have a great weekend.

N2
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monarch
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N2

Post by monarch »

The charts explain a lot for the style you have been discussing.

Thanks, and good job this week.

Will be in touch Sunday at market open.

Cheers. M
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pablo101
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Post by pablo101 »

Hi N2FX,

Are you same sCalp guy as the one on FF? wicked trading! :)

Have you tried MML lines as areas of bounCes, I love the pinbar and DT on M1, so far up over 200 pips from Wednesday.

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WAS A YALE STUDENT. Now? Let's see!
N2FX
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Post by N2FX »

Hey Pablo,

Some good trading there, I like your concept.

I have tried the 1 minute over and over, with no success.

Funny, I can trade a tick chart, but not 1 minute.

I will need to learn from you, it may improve my profits.

Yes, I am the same N2 from Forex Factory, I came over here because I was chatting with E/S Pip and he said I could learn more. I have. :)

Would like to chat with you some time, keep posting to assist.

Thanks
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pablo101
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Post by pablo101 »

N2FX wrote:Hey Pablo,

Some good trading there, I like your concept.

I have tried the 1 minute over and over, with no success.

Funny, I can trade a tick chart, but not 1 minute.

I will need to learn from you, it may improve my profits.

Yes, I am the same N2 from Forex Factory, I came over here because I was chatting with E/S Pip and he said I could learn more. I have. :)

Would like to chat with you some time, keep posting to assist.

Thanks


Hi N2FX,

I'm definitely no super trader, trust me on that :p. can't go far wrong with looking at ES/PIP style, another wicked trader, and I also been getting neat ideas from your FF thread. Tick, wow, too fast for me :(

I basing a lot of my 1min entries on sema 3, pinbars and 'mostly' plays off the MML all in that order but I pay attention to patterns and this helps to keep in and going for 5+ pips each trade, aliassmith has a nice thread going here and that's helping too.

MML is nice, no need to play around with different SR lines everywhere IMO is subjective to each trader.

Just playing with a small micro account but win rate looks good and with SL.

Image
WAS A YALE STUDENT. Now? Let's see!
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