GBP/USD 5min setups

redart · Nov 10, 2010, 6:32am

awesome as always, Dr. Chow

pocrel · Nov 10, 2010, 6:48am

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

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

ChowClown · Nov 10, 2010, 6:50am

Quote:

Originally Posted by pocrel

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.

ChowClown · Nov 10, 2010, 6:53am

Quote:

Originally Posted by redart

awesome as always, Dr. Chow

Nice 15 off EU for you earlier

ChowClown · Nov 10, 2010, 6:55am

Quote:

Originally Posted by pocrel

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.

MayZerG · Nov 10, 2010, 7:00am

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

.

ChowClown · Nov 10, 2010, 7:02am

Quote:

Originally Posted by MayZerG

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

ChowClown · Nov 10, 2010, 7:06am

Quote:

Originally Posted by ChowClown

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%).

Nov 10, 2010, 6:32am	#393
redart Veteran Member Member Since Nov 2003 892 Posts	Re: GBP/USD 5min setups awesome as always, Dr. Chow

Nov 10, 2010, 6:48am	#394
pocrel Legendary Member Member Since Oct 2008 2,530 Posts	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 this is what i ment by the fib levels not sure what way you are drawing yours but anyway target met well done

Nov 10, 2010, 7:00am	#398
MayZerG Senior Member Member Since Feb 2009 133 Posts	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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