GBP/USD 5min setups

[ChowClown]

...currently in on the laboured trudge up with GU. Entry 5693, took some off early at the 138.2 ext and next tgt 5728.

 

[ChowClown]

2nd tgt filled (5728), stops to b/e and next tgt 5760.

 

[leovirgo]

Hi Simon,

Good to see you in action. Yep, GU is a long.. I'm in it for a swing.

 

[ChowClown]

Stops to 5704.

 

[ChowClown]

Hi Simon,

Good to see you in action. Yep, GU is a long.. I'm in it for a swing.

Hi LV, good to see you, thanks for popping in, good luck with the swinger

 

[ChowClown]

OK, 5725 all out - have to leave the office for a while and US news at 13:30. +1.76%, wkly +9.05%.

 

[leovirgo]

Hi LV, good to see you, thanks for popping in, good luck with the swinger

just got out 1.5780, entry 1.5695

 

[ChowClown]

just got out 1.5780, entry 1.5695

Very nice indeed ...you prefer the all in/out approach? I do the same sometimes on smaller moves, but i usually scale out.

 

[leovirgo]

Very nice indeed ...you prefer the all in/out approach? I do the same sometimes on smaller moves, but i usually scale out.

Yes, all in all out is easier to manage. Scaling out is theoretically superior (to me) but I can't use it consistently and always end up with one position approach.

 

[ChowClown]

Morning - i'm long EU atm, entry 3453, initial stops 30 pips, 1st tgt 3486, 2nd 3510, 3rd 3530. Will be trailing stops as support develops on the 5min...good luck in your trading today.

 

[ChowClown]

GU - will be long on a break of 5840..

 

[ChowClown]

Morning - i'm long EU atm, entry 3453, initial stops 30 pips, 1st tgt 3486, 2nd 3510, 3rd 3530. Will be trailing stops as support develops on the 5min...good luck in your trading today.

...stops now @ 3445.

 

[trendie]

hi CC,

Hope I'm not interrupting the flow of your excellent journal, but I wanted to get a handle on your style.
Is it based on breakouts of the London opening range, with some extra elements thrown in?
Obviously, I don't expect you to disclose anything that is proprietary or confidential.
thanks

edit: how many charts do you look at?
do you have daily targets? (or daily max losses)

 

[ChowClown]

GU, long 5848, 20 pip initial stops, will post tgts in a mo.

 

[ChowClown]

hi CC,

Hope I'm not interrupting the flow of your excellent journal, but I wanted to get a handle on your style.
Is it based on breakouts of the London opening range, with some extra elements thrown in?
Obviously, I don't expect you to disclose anything that is proprietary or confidential.
thanks

edit: how many charts do you look at?
do you have daily targets? (or daily max losses)

Hi Trendie, hope you received the PM the other day. I'll answer this post fully later on when i'm flat. Cheers.

 

[ChowClown]

...stops now @ 3445.

EU stops now b/e +1. (3454).

 

[ChowClown]

GU, long 5848, 20 pip initial stops, will post tgts in a mo.

1st tgt 5859
2nd 5893
3rd 5936
...enough for time being.

 

[ChowClown]

GU, long 5848, 20 pip initial stops, will post tgts in a mo.

...if there's a breakdown (5min) below 35, i'll cut my losses.

 

[ChowClown]

...if there's a breakdown (5min) below 35, i'll cut my losses.

35 tested but not broken and onto next leg up...

 

[ChowClown]

35 tested but not broken and onto next leg up...

GU - flat now, -0.45% - wk -0.45%.