Best Thread GBP/USD 5min setups

[ChowClown]

GU - UK data above expectations but I have a 1hr short signal developing...i have a 15min short entry pending at 6193 as price is currently below today's pivot and has reversed from monthly resistance. 1% risk this morning, probably won't trade the US session.

 

[ChowClown]

GU - UK data above expectations but I have a 1hr short signal developing...i have a 15min short entry pending at 6193 as price is currently below today's pivot and has reversed from monthly resistance. 1% risk this morning, probably won't trade the US session.

Short filled 6193, sl 6215, initial tgt 6168.

 

[ChowClown]

Short filled 6193, sl 6215, initial tgt 6168.

Stops to 6203 now and will full exit @73 if offered again.

 

[ChowClown]

Stops to 6203 now and will full exit @73 if offered again.

73 filled. 0.91%, wk: 5.39%, mth: 16.07%.

That's it for me this week. End of 2nd 4 week period of the journal. Recording trades continues to improve discipline....a 'dry' read but I really recommend doing it if you aren't already.

Trade safe, have a good weekend and be back Monday.

 

[ChowClown]

Watching GU atm and have short order in @ 6123, initial target daily S2 around 6085. Stoploss 6153.

 

[ChowClown]

Watching GU atm and have short order in @ 6123, initial target daily S2 around 6085. Stoploss 6153.

Stopped out for -1.00%, wk: -1.00%, mth: -1.00%.

 

[ChowClown]

Will be shorting GU again from 6121, DOW futs bearish atm and GU PA still supporting a short (the way i see it), 1% risk again.

 

[ChowClown]

Will be shorting GU again from 6121, DOW futs bearish atm and GU PA still supporting a short (the way i see it), 1% risk again.

6121 filled, sl 6156, initial tgt 6087.

 

[ChowClown]

6121 filled, sl 6156, initial tgt 6087.

Still in this trade but as we're nearing the US session i'm now looking for an exit. If the pattern holds the US are likely to push price higher and i'll be wanting to hop on the long...

 

[ChowClown]

Still in this trade but as we're nearing the US session i'm now looking for an exit. If the pattern holds the US are likely to push price higher and i'll be wanting to hop on the long...

..the 50 psych level keeping bulls at bay for now. Stoploss still @56 for now.

 

[ChowClown]

Stoploss still @56 for now.

Stopped out for another 1%. wk: -2.00%, mth: -2.00%. Waiting now for confirmation on the long.

 

[ChowClown]

I see an EU long shaping up, order in @3933.

 

[ChowClown]

Stopped out for another 1%. wk: -2.00%, mth: -2.00%. Waiting now for confirmation on the long.

Well, the long (GU) setup at the moment isn't particularly convincing, so we may see a continuation throughout US. Short order pending again now @6127, tgting 6065.

 

[ChowClown]

Well, the long (GU) setup at the moment isn't particularly convincing, so we may see a continuation throughout US. Short order pending again now @6127, tgting 6065.

6127 short filled. EU long order cancelled for now.

Edit: 13:37 - EU long order back in.

 

[ChowClown]

6127 short filled. EU long order cancelled for now.

Edit: 13:37 - EU long order back in.

Closed GU short @48. -0.70%, wk: -2.70%, mth: -2.70%.

 

[ChowClown]

6127 short filled. EU long order cancelled for now.

Edit: 13:37 - EU long order back in.

EU long @3933 filled. This will be the last trade today which i'll hang onto as long as possible.

Edit: 15:16 - sl hit so another 1% loss. Tomorrow's another day. wk:-3.70, mth: -3.70%.

 

[ChowClown]

Waiting for 9:30 news to pass before taking anything this morning.

 

[ChowClown]

GU - long 6129, sl 6109, tgt open atm. Guppys on the chart just as a psych crutch

 

[ChowClown]

GU - long 6129, sl 6109, tgt open atm. Guppys on the chart just as a psych crutch

Lots of pivot resistance around the 50 level, so stops to b/e now and will exit for +20, if offered.

Edit: 10:32 - decided to take half off @6150 rather than full exit.

 

[ChowClown]

Lots of pivot resistance around the 50 level, so stops to b/e now and will exit for +20, if offered.

Edit: 10:32 - decided to take half off @6150 rather than full exit.

0.5% locked in.

Edit: 10:49 - stops to 6132.
Edit: 11:10 - stops to 6147.
Edit: 11:18 - stopped out for 0.95% (wk: -2.75%, mth: -2.75%)