GBP/USD 5min setups

This is a discussion on GBP/USD 5min setups within the Trading Journals forums, part of the Reception category; Nice one, Pat! .....Big Dog lol....i'm a runtish Shih Tzu...

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Old Feb 23, 2011, 11:17am   #556
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Re: GBP/USD 5min setups

ChowClown started this thread Nice one, Pat! .....Big Dog lol....i'm a runtish Shih Tzu
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Old Feb 23, 2011, 11:29am   #557
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Re: Eu

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Originally Posted by ChowClown View Post
...5min off todays R1...might be a tad ambitious, but the pivot is a juicy target. I'll move stops to b/e when the PA allows and just let it go.

Edit: I should add that the 4hr chart was a first port of call before drilling down to the 5min.
Out for b/e. Can always try again.
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Old Feb 23, 2011, 12:28pm   #558
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Eu

ChowClown started this thread ...back in EU long this time...took a 123 just shy of R1. Note to self: If it has the legs, watchout for 3771. Before that it has to bust through the 9th Feb R (3744).

Edit: 11:44 - plan is to take half off @3770, stops will then be moved to b/e and will hang on tgting early Feb
supply.
Edit: 12:04 - just noticed the inverse H&S on the hrly when zooming out....could be good (kiss of death...lol).
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Old Feb 23, 2011, 1:50pm   #559
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Re: Eu

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Quote:
Originally Posted by ChowClown View Post
...back in EU long this time...took a 123 just shy of R1. Note to self: If it has the legs, watchout for 3771. Before that it has to bust through the 9th Feb R (3744).

Edit: 11:44 - plan is to take half off @3770, stops will then be moved to b/e and will hang on tgting early Feb
supply.
Edit: 12:04 - just noticed the inverse H&S on the hrly when zooming out....could be good (kiss of death...lol).
Stops to b/e, not looking too clever to hang on...might be better pa during US....9th Feb supply kicking in perhaps.
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Old Feb 23, 2011, 4:14pm   #560
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EU - long again

ChowClown started this thread R1 finally busted through US news...in long again from 3737, 1st scaleout @3770 with a move to b/e on rest and then let it go...

Edit: 15:24 - TP1 filled @3768 (+31) and stops to b/e on remainder.

Edit: 15:38 - likely final tgt zone for this trade around 3800 (weekly R1, RN) and supply/R between 3820-25.

Edit: 08:14 24th - b/e stop hit around 8pm last night.
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Old Feb 24, 2011, 9:48am   #561
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Gu

ChowClown started this thread Long pending from this potential 123...off yesterday's lows.

Edit: long filled 6181...when PA looks right will move stops to b/e and let go. This is more of a swing trade entry with key tgt areas of 6325 and 6370.

Edit: 10:40 - given the lack of follow through around the RN and given price is now retesting from below with a potential 123 short setup developing, i'm happy to move stops to b/e, there's always another setup around the corner.

Edit: 10:50 - b/e stop filled.
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Old Feb 24, 2011, 1:37pm   #562
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Re: GBP/USD 5min setups

ChowClown started this thread GU - 5min double/W bottom forming perhaps, so may get another stab at the long during US. Tracking EU too now for a long off a 5min 123 probably....will take 1 rather than both, if offered.

edit: 17:39 - fun and games on EU, took the long but pulled at b/e, after the pivot/RN rejection printed. Until tomorrow.
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Old Feb 25, 2011, 12:02pm   #563
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Re: GBP/USD 5min setups

ChowClown started this thread Watching EU for a 5min entry long...could take a while for the setup to trigger but getting more interesting...will be treating it more as a scalp seeing as its friday.

GU - price interacting with strong multi timeframe pivot confluence atm....
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Old Feb 25, 2011, 12:40pm   #564
 
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Re: GBP/USD 5min setups

... I was tempted to go long off the DP but made a cup of tea instead lol

...have a good weekend Si
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Old Feb 25, 2011, 1:34pm   #565
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Re: GBP/USD 5min setups

ChowClown started this thread def the best plan mate. Hope you've had a good week.
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Old Feb 25, 2011, 3:54pm   #566
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Gu

ChowClown started this thread GU, now short from the break below the pivot(s), 1st TP 6020ish with the move to b/e on the remainder, seeing as it's Fri.
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Old Jun 24, 2011, 2:56pm   #567
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Re: GBP/USD 5min setups

ChowClown started this thread ...haven't been around for some months, what with the new job but still keep an eye open for the occasional setup...might have to start another journal ...
http://youtu.be/sD-B9m-nqKA
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Old Jun 28, 2011, 4:31pm   #568
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Re: GBP/USD 5min setups

ChowClown started this thread Just uploaded an update. http://youtu.be/YMmMph5os-0?hd=1 I'll create a new journal for the next post, as i'm only trading longer TFs, rather than 5min setups.
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Last edited by ChowClown; Jun 28, 2011 at 4:43pm.
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