GBP/USD 5min setups

This is a discussion on GBP/USD 5min setups within the Trading Journals forums, part of the Reception category; Originally Posted by ChowClown OK, i'll be long from 07 with 0.5% risk (US bank hol) targeting this morning's supply ...

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Old Nov 11, 2010, 1:26pm   #414
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Re: GBP/USD 5min setups

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Originally Posted by ChowClown View Post
OK, i'll be long from 07 with 0.5% risk (US bank hol) targeting this morning's supply c50-60.
3707 long filled. 50% TP order in @35....using mental stoplosses atm while i'm around to monitor closely.
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Old Nov 11, 2010, 2:10pm   #415
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Re: GBP/USD 5min setups

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Originally Posted by ChowClown View Post
3707 long filled. 50% TP order in @35....using mental stoplosses atm while i'm around to monitor closely.
Demand finally tipping the balance. Given this is counter intra-trend and the US are off, happy to set stops to b/e and if filled, well that's OK.
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Old Nov 11, 2010, 2:14pm   #416
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Re: GBP/USD 5min setups

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3707 long filled. 50% TP order in @35....using mental stoplosses atm while i'm around to monitor closely.
50% off @24, as it's the 50% retrace of the latest swing i'm monitoring. 0.19% profit locked.
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Last edited by ChowClown; Nov 11, 2010 at 3:15pm. Reason: typo
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Old Nov 11, 2010, 2:39pm   #417
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Re: GBP/USD 5min setups

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50% off @24, as it's the 50% retrace of the latest swing i'm monitoring. 0.38% profit locked.
Stops filled and flat now for the day. 0.19% (wk: 2.24%, mth: 2.24%).
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Last edited by ChowClown; Nov 11, 2010 at 3:15pm. Reason: typo
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Old Nov 12, 2010, 9:01am   #418
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Re: GBP/USD 5min setups

ChowClown started this thread Unable to focus on trading today, as in meetings from 10:30 but EU looks interesting at this level from 5min supply/resistance pov.
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Old Nov 12, 2010, 9:04am   #419
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Re: GBP/USD 5min setups

ChowClown started this thread ...and the 5min GU for reference.
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Old Nov 12, 2010, 3:42pm   #420
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Re: GBP/USD 5min setups

ChowClown started this thread EU - back from meetings and currently short filled from 3741.8, trailing stops with +11 pips locked so far. Oanda chart with entry and MT4 chart with trade justification attached...a nice move away from previous supply (resistance).
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