GBP/USD 5min setups

This is a discussion on GBP/USD 5min setups within the Trading Journals forums, part of the Reception category; EU long now too from 3512, sl 3464.9, 50% scaleout and stops to b/e @3556....

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Old Nov 17, 2010, 10:15am   #435
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Re: GBP/USD 5min setups

ChowClown started this thread EU long now too from 3512, sl 3464.9, 50% scaleout and stops to b/e @3556.
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Old Nov 17, 2010, 10:34am   #436
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Re: GBP/USD 5min setups

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Originally Posted by ChowClown View Post
GU already long from 5899.6, sl 5852.6, 50% scaleout and stops to b/e @5942.5.
Stops to b/e slightly earlier. Price is a few pips away from 50% scaleout but there are also a couple of significant pivots in the way here.
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Old Nov 17, 2010, 2:09pm   #437
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Re: GBP/USD 5min setups

ChowClown started this thread Checking in - GU long was stopped for b/e and there's been an EU loss for -0.5% too. Currently short EU from 3463.9, sl 3512 and 50% scaleout @3420.

...have to say, trading more mechanically is taking a bit of getting used to and to be honest it isn't saving as much time as I thought it might.

I'm likely to migrate over to the live thread for some realtime stuff soon, there are some good guys there

Edit: 13:35 - EU short stopped out too for -0.5%, so that's it now for the day on the mech EU trades. (wk: -3.00%, journal 4 wk period -0.26%).
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Last edited by ChowClown; Nov 17, 2010 at 2:38pm.
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Old Nov 17, 2010, 2:22pm   #438
 
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Re: GBP/USD 5min setups

Quote:
Originally Posted by ChowClown View Post
Checking in - GU long was stopped for b/e and there's been an EU loss for -0.5% too. Currently short EU from 3463.9, sl 3512 and 50% scaleout @3420.

...have to say, trading more mechanically is taking a bit of getting used to and to be honest it isn't saving as much time as I thought it might.

I'm likely to migrate over to the live thread for some realtime stuff soon, there are some good guys there
yes these mechanically trades are a bit of a pain, i preferred your normal style much more dynamic shame you cant keep them going but this work thing always gets in the way

see you on the other side
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Old Nov 17, 2010, 5:41pm   #439
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Re: GBP/USD 5min setups

ChowClown started this thread Just lost another -0.5% on a GU long (not on the mech strat) and finished for the day now. (wk: -3.84%, 4 wk period: -1.10%). Tomorrows another day.
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Old Nov 18, 2010, 1:01pm   #440
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Re: GBP/USD 5min setups

ChowClown started this thread Lunchtime update. 2 trades so far at 0.5% risk posted on the FX live thread. An EU short for -0.35% and a GU long for 1.09%. (wk: -3.10, journal mnth: -0.36%).
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Old Nov 18, 2010, 7:02pm   #441
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Re: GBP/USD 5min setups

ChowClown started this thread End of day update. Took an EU long from earlier demand level (from 3605) for a quick +13. Wk: -2.80%, journal mnth: -0.06%.
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