GBP/USD 5min setups

This is a discussion on GBP/USD 5min setups within the Trading Journals forums, part of the Reception category; ..bang! filled short, nice momentum off this R level....

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Old Oct 8, 2010, 12:09pm   #141
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Re: GBP/USD 5min setups

ChowClown started this thread ..bang! filled short, nice momentum off this R level.
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Old Oct 8, 2010, 12:14pm   #142
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Re: GBP/USD 5min setups

ChowClown started this thread 50% off at 45, stops to b/e.
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Old Oct 8, 2010, 12:18pm   #143
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Re: GBP/USD 5min setups

ChowClown started this thread ..looking for 32 on rest and that will do.
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Old Oct 8, 2010, 12:22pm   #144
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Re: GBP/USD 5min setups

ChowClown started this thread ...out at 42, too vol for me to hang on longer.
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Old Oct 8, 2010, 12:29pm   #145
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Re: GBP/USD 5min setups

ChowClown started this thread Result: +1.59%, wk: +2.24%. Encouraging to see the final tgt being hit @32, 2 pips from the turn from monthly support - but the PA scared me off before it got there. Sidelines now until after NFP.
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Old Oct 8, 2010, 1:19pm   #146
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Re: GBP/USD 5min setups

ChowClown started this thread GU at the strong R level again and the PA appears bearish atm on verge of breaking down, i won't be taking it.
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Old Oct 8, 2010, 3:11pm   #147
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Re: GBP/USD 5min setups

ChowClown started this thread GU, long - testing the RS switch..1st tgt 17, then 47.

1st tgt filled (5917) and stops to b/e.

stops up to 5922 to lock in +2.21%.

stops to 5932.

2nd tgt filled (5947).
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Old Oct 8, 2010, 4:04pm   #148
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Re: GBP/USD 5min setups

ChowClown started this thread 3rd tgt 5970...wonder if it has the legs.

stops to 5937.
15:08 stops to 5944.
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Old Oct 8, 2010, 4:09pm   #149
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Re: GBP/USD 5min setups

ChowClown started this thread stalling around weekly R now...

15:13 - stop still in, the 3rd tgt at 70 is around monthly R, perhaps this will be harder to break if it gets there...as i type i'm seeing 5min gravestones around the weekly R, will probably be done for the week soon and a great turnaround to make a +5% gain for the wk, marvellous.

15:16 - stops filled. +2.89%, Wk: +5.13%. End of 4th wk of the journal and account up 19.91%. Hope you've had a good week too, have a great w/e and see you Monday.
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Old Oct 11, 2010, 10:34am   #150
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Re: GBP/USD 5min setups

ChowClown started this thread With the US holiday today and no major news due, a 'jobbing' mindset on both GU & EU might be wise. Both pairs currently trading around weekly support levels, EU (5min) looks to be shaping up for a long atm off the 123..
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