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 GU - i'm long from 5865, looking for 95, initial sl 5846. My MT platform is ...

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Old Oct 13, 2010, 9:32am   #176
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Re: GBP/USD 5min setups

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GU - i'm long from 5865, looking for 95, initial sl 5846. My MT platform is down so just trading the round numbers in the absence of the usual s&r lines i refer to.

stops to b/e, not sure this will have the legs for the tgt.

Edit: 09:54 - have MT charts back again and significant R at current level, so expecting the b/e fill and looking for the short entry.

Edit: 10:04 - b/e stops filled. Flat. Waiting for poss GU short..
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Old Oct 13, 2010, 10:18am   #177
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Re: GBP/USD 5min setups

ChowClown started this thread GU - short 5860, initial sl 5873, tgting 5825-30 zone.
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Old Oct 13, 2010, 10:25am   #178
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Re: GBP/USD 5min setups

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GU - short 5860, initial sl 5873, tgting 5825-30 zone.
..if it gets there, will take 3/5ths off around 45 and move remaining stops to b/e.

Edit: 10:29 - stops to b/e.
Edit: 10:34 - b/e filled, got down to 48 so missed the 1st TP. Flat.
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Old Oct 13, 2010, 11:07am   #179
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Re: GBP/USD 5min setups

ChowClown started this thread GU - scaling into GU, short from 5858 and further entry pending @45....liked the look of the 15min reversal PA off monthly R.
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Old Oct 13, 2010, 11:11am   #180
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Re: GBP/USD 5min setups

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GU - scaling into GU, short from 5858 and further entry pending @45....liked the look of the 15min reversal PA off monthly R.
2nd scalein filled @45...tgting support levels c20-30 initially with 3/5ths.
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Old Oct 13, 2010, 11:14am   #181
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Re: GBP/USD 5min setups

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2nd scalein filled @45...tgting support levels c20-30 initially with 3/5ths.
...hmm just spotted weekly level in play around 50...finger on trigger to bail if 15min closes above.

Edit: 11:35 - still in, my wkly level is at 54 and there hasn't been a 15min close above yet, although indecision is evident now...will hang on for the time being.
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Old Oct 13, 2010, 12:00pm   #182
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Re: GBP/USD 5min setups

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...hmm just spotted weekly level in play around 50...finger on trigger to bail if 15min closes above.

Edit: 11:35 - still in, my wkly level is at 54 and there hasn't been a 15min close above yet, although indecision is evident now...will hang on for the time being.
Exited, not enough momentum and I have to leave the office for a while. Will update results later.
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