Best Thread GBP/USD 5min setups

[ChowClown]

stalling around weekly R now...

15:13 - stop still in, the 3rd tgt at 70 is around monthly R, perhaps this will be harder to break if it gets there...as i type i'm seeing 5min gravestones around the weekly R, will probably be done for the week soon and a great turnaround to make a +5% gain for the wk, marvellous.

15:16 - stops filled. +2.89%, Wk: +5.13%. End of 4th wk of the journal and account up 19.91%. Hope you've had a good week too, have a great w/e and see you Monday.

 

[ChowClown]

With the US holiday today and no major news due, a 'jobbing' mindset on both GU & EU might be wise. Both pairs currently trading around weekly support levels, EU (5min) looks to be shaping up for a long atm off the 123..

 

[ChowClown]

EU - long order @ 3949..

Edit1: ...in long from 49 a 5min close below 23 and i'll be taking a 1% loss...just balancing the need for this one to breathe.

Edit2:...change of plan, i'll stop and reverse (short) on a close below the support at 33.

Edit3: ...loss filled for -0.63%. Watching PA now for a short entry..

 

[ChowClown]

EU - short pending, 3922, tgting support around 3900.

Edit1: ..momentum now long, above support. On watch again now for PA confirming one direction above/below this level.

 

[ChowClown]

EU - long pending, 3953, tgting resistance c3995-4000.

Edit1: ..buy stop moved to 3941.
Edit2: buy filled at 3941. Initial sl 3924. (lighter load this time, 0.25% risk). Will stop & reverse, short.

 

[ChowClown]

..EU - still long, by skin of teeth.

Edit: ..stoploss filled -0.25%...and in again short from 3923.

 

[ChowClown]

....looking for 3875ish, which is probably a decent level for bulls.

Edit1: 16:04 stops to b/e.
Edit2: 16:19 15min wicks, so stops to 3908.
Edit3: 16:59 3875 filled. Flat. +0.56%, wk: -0.32%.

 

[ChowClown]

EU & GU now at monthly support, are there enough bulls to swing it around?....

 

[ChowClown]

EU - short 3828, 1st target c3800...

 

[ChowClown]

EU - short 3828, 1st target c3800...

Confluence of levels (monthly & weekly) around the RN, 15min forming pin currently so stops will be moved to just above at close of candle.

 

[ChowClown]

EU - short 3828, 1st target c3800...

stops to 3815.

 

[ChowClown]

stops to 3815.

Filled. Now flat. Trade: +0.65%, wk: +0.33%.

 

[ChowClown]

EU - looking for another short on the break of 3800, likely tgts 3755, 3735. Not interested in longs until a break of today's pivot (3865) and the weekly R level (3880).

 

[ChowClown]

EU - looking for another short on the break of 3800, likely tgts 3755, 3735. Not interested in longs until a break of today's pivot (3865) and the weekly R level (3880).

short 3796, 1st tgt c3755, current sl above entry candle 3818. Following pa on 5min for now.

 

[ChowClown]

short 3796, 1st tgt c3755, current sl above entry candle 3818. Following pa on 5min for now.

...looking for the s/r switch here, if it fails and i see a 5min long 123, i'll take the loss.

 

[ChowClown]

...looking for the s/r switch here, if it fails and i see a 5min long 123, i'll take the loss.

out at 18, -1.00%. wk: -0.67%.

 

[ChowClown]

EU - i'll be long from 3805, tgting the 3865-80 pivot & R levels.

 

[ChowClown]

EU - i'll be long from 3805, tgting the 3865-80 pivot & R levels.

Stops to b/e, hitting earlier stalling levels now.

 

[ChowClown]

EU - i'll be long from 3805, tgting the 3865-80 pivot & R levels.

..will take some off at 45.

 

[ChowClown]

..will take some off at 45.

Stops now at 3812. This one has an initial sl of 10.4 pips so the 1% risk goes a tad further. +0.67% now locked in.