GBP/USD 5min setups

This is a discussion on GBP/USD 5min setups within the Trading Journals forums, part of the Reception category; awesome as always, Dr. Chow...

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Old Nov 10, 2010, 12:32pm   #393
 
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Re: GBP/USD 5min setups

awesome as always, Dr. Chow
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Old Nov 10, 2010, 12:48pm   #394
 
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Re: GBP/USD 5min setups

i know you are on the 5min charts but i am sure the targets are the same as my 30 min

992.gif

this is what i ment by the fib levels not sure what way you are drawing yours but anyway target met well done

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Old Nov 10, 2010, 12:50pm   #395
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Re: GBP/USD 5min setups

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good trade CC

JUST WONDERING ABOUT YOUR FIBS


are you not aiming for the 61.8 of the previous move as a target?
Hi Pocrel, as an initial tgt for scaling out i've found the 138.2 extension to be reliable...horses for courses etc, i guess ...ah 50% off now as i type.
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Old Nov 10, 2010, 12:53pm   #396
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Re: GBP/USD 5min setups

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awesome as always, Dr. Chow
Nice 15 off EU for you earlier
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Old Nov 10, 2010, 12:55pm   #397
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Re: GBP/USD 5min setups

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Originally Posted by pocrel View Post
i know you are on the 5min charts but i am sure the targets are the same as my 30 min

Attachment 95502

this is what i ment by the fib levels not sure what way you are drawing yours but anyway target met well done

Here you go...this is the swing i fibbed for the 138.2 scaleout.
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10th-nov-gu-fib.png  
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Old Nov 10, 2010, 1:00pm   #398
 
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Re: GBP/USD 5min setups

I still have my long position from yesterday at 1.616, went -150 pips, starting to recover now and hoping to BE by the end of today .
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Old Nov 10, 2010, 1:02pm   #399
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Re: GBP/USD 5min setups

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I still have my long position from yesterday at 1.616, went -150 pips, starting to recover now and hoping to BE by the end of today .
Great patience!, assuming you were sticking to your plan
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Old Nov 10, 2010, 1:06pm   #400
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Re: GBP/USD 5min setups

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58.7 filled and 138.2 ext tgt @98 which would be nice, on the way up to that key supply zone around 6150.....i can dream
Stops on remaining 50% to 6076.8 now as we're nearing lunch lull. 1.24% locked in.

Edit: 12:18 - stops filled. 1.24% (wk: -0.65%, mth: -0.65%).
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