Best Thread GBP/USD 5min setups

[ChowClown]

GU long order in @6167..

Edit: 11:46 - 6167 long filled, sl 6151.

Edit: 12:01 - stops to b/e, not enough momentum to hold much longer.
Edit: 12:03 - that's better, if it has the legs will full exit @6195.
Edit: 12:15 - stopped @ b/e.

 

[pocrel]

GU long order in @6167..

Edit: 11:46 - 6167 long filled, sl 6151.

Edit: 12:01 - stops to b/e, not enough momentum to hold much longer.
Edit: 12:03 - that's better, if it has the legs will full exit @6195.

nice to see you back to winning ways after yesterday ChowClown

very good discipline sticking ncely to the plan:clap:

great journal keep it up

 

[ChowClown]

nice to see you back to winning ways after yesterday ChowClown

very good discipline sticking ncely to the plan:clap:

great journal keep it up

Cheers Pocrel. Still bruised from yesterday's overtrading

 

[ChowClown]

EU - now short from 3948, entry and justification charts attached.

Edit: 13:30 - 50% exit order in @3920.
Edit: 13:35 - stops to b/e.
Edit: 13:39 - 50% order @20 filled. 0.5% locked in.
Edit: 13:43 - stops to 3928.
Edit: 13:44 - stops filled. 0.86% (wk: -1.89%, mth: -1.89%).

 

[ChowClown]

...EU - looking left and we're now at yesterday's key supply level, interesting area to watch and see which way it breaks.

Edit: 14:24 - now at the previous supply level to the last one, so will be interesting to see if this kicks in and fulfills the right shoulder of the H&S pattern developing.

Edit: 15:13 - bulls have it for now, so looking for a long to initially target supply @70-75.

 

[ChowClown]

...just spotted the fib setup on EU too (for a short), respected 50 and then 61.8 quite nicely before backing off...juicy targets around demand levels c3850...so with this in mind now looking for a pullback to short from, need to leave office around 430 though so might have to pass up the opp as not comfortable leaving ....just noticed the break down!

 

[ChowClown]

...just spotted the fib setup on EU too (for a short), respected 50 and then 61.8 quite nicely before backing off...juicy targets around demand levels c3850...so with this in mind now looking for a pullback to short from, need to leave office around 430 though so might have to pass up the opp as not comfortable leaving ....just noticed the break down!

Watch what happens @ the 138.2 extension of this move...

 

[ChowClown]

...EU - looking left and we're now at yesterday's key supply level, interesting area to watch and see which way it breaks.

Gives confidence to short in this area as we're into yesterday's supply again.

 

[ChowClown]

Gives confidence to short in this area as we're into yesterday's supply again.

Will wait for the RN to break before shorting.

 

[ChowClown]

Watch what happens @ the 138.2 extension of this move...

came within a pip and bounced back, happens all the time and that's why 138.2 exts are excellent initial tgt levels imo.

 

[ChowClown]

Will wait for the RN to break before shorting.

Looks like i'm going to have to pass this one up...still waiting for the RN to give a confirmed break and need to leave at 430. Good luck if you're short already or still waiting. Until tomorrow

 

[ChowClown]

GU - currently short from 5986.5...GBP news @10:30 to bear in mind.

 

[ChowClown]

GU - currently short from 5986.5...GBP news @10:30 to bear in mind.

Exited for a few pips, just not enough momentum to hold longer in the face of inflation report. Will wait now until after news.

 

[ChowClown]

GU - key supply levels to bear in mind post 10:30 news.

 

[ChowClown]

GU - key supply levels to bear in mind post 10:30 news.

GU - waiting for a decent long entry now, ideally want to see some conviction above the daily pivot >39 and in after a test...

 

[ChowClown]

GU - waiting for a decent long entry now, ideally want to see some conviction above the daily pivot >39 and in after a test...

Looking to long from 67ish, will use market rather than buy stop. Will track buy entry down though as price is likely to retrace further before next leg, just need to be flexible and go with what's offered.

 

[ChowClown]

Looking to long from 67ish, will use market rather than buy stop. Will track buy entry down though as price is likely to retrace further before next leg, just need to be flexible and go with what's offered.

...nice tap of the pivot and looking for a long around 58/9 now.

 

[ChowClown]

...nice tap of the pivot and looking for a long around 58/9 now.

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

 

[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 to b/e now and 50% TP order in at 97.

 

[pocrel]

Stops to b/e now and 50% TP order in at 97.

good trade CC

JUST WONDERING ABOUT YOUR FIBS


are you not aiming for the 61.8 of the previous move as a target?