GBP/USD 5min setups

This is a discussion on GBP/USD 5min setups within the Trading Journals forums, part of the New Traders category; ...entered short a few mins ago at 3545. edit: moved stop down to near b/e given S1 level here, i'm ...

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Old Feb 11, 2011, 3:57am   #497
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ChowClown started this thread ...entered short a few mins ago at 3545.

edit: moved stop down to near b/e given S1 level here, i'm testing the level (small ante) with a view to scaling in harder later, we'll see.

edit: took +5. Will try again on S1 break.
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Old Feb 11, 2011, 4:52am   #498
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ChowClown started this thread short on the S1 break now...the RN would be a nice tgt to hit but i'm realistic and will take what i'm comfortable with. If she offers +20 i'll no doubt take it and that will be me done for the week.

edit: locking in now as price around last wks low..
edit: ok, took +9.
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Old Feb 11, 2011, 5:03am   #499
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Default Re: GBP/USD 5min setups

ChowClown started this thread Watching GU for the short now...

edit: typically around the time i called this, work kicked off and i missed the move. Still, a +ve day so no matter.
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Old Feb 14, 2011, 7:10am   #500
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ChowClown started this thread ...being late to trading this morning, missed the short from LO. Currently nursing another short from a setup entered at 10:05 (price 3457)...the 15min setup i use has just signalled a 1st short of the session and momentum has picked up thankfully. If it gets there i'll full exit at S2 (3430ish)....will have to get through some higher TF pivots 1st though, so will watch PA closely and be prepared to exit sooner.

edit: exited b/e.
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Old Feb 14, 2011, 7:36am   #501
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ChowClown started this thread ...looks more promising for the short below the RN and monthly pivot.
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Old Feb 14, 2011, 8:25am   #502
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...looks more promising for the short below the RN and monthly pivot.
Short 5988. S1 @40, MS1 @30, WS1 @20...could be interesting.

edit:...not far off taking a loss now. Lots of hammers printed off the monthly pivot....will try and salvage a few pips rather than taking a full loss.

edit: nice 123 long developing, so took -12.
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Old Feb 14, 2011, 9:46am   #503
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ChowClown started this thread GU long 6013 from the 5min 123...work busy now, so set & forget for 1:1.
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Old Feb 14, 2011, 12:07pm   #504
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ChowClown started this thread ...thankfully holding onto the GU long was an OK decision. Also long EU now from a 15min trigger.

Edit: stops to b/e on both now.
Edit: EU taken off 80% @+13.
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