Best Thread GBP/USD 5min setups

[pocrel]

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

:clap:

 

[ChowClown]

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]

awesome as always, Dr. Chow

Nice 15 off EU for you earlier

 

[ChowClown]

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

View 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

:clap:

Here you go...this is the swing i fibbed for the 138.2 scaleout.

 

[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%).

 

[ChowClown]

GU again - 15min, looking at the bull flag and TL break scenario for possible next leg up. Will watch pa closely above the TL for next long and you can see i'll be looking to scaleout around the 138.2 fib ext which coincides with the weekly pivot and yesterday's main supply area.

 

[ChowClown]

Caution, US news in 1min.

 

[ChowClown]

GU - gift horse off the 5min, long from 6055 and stops now @b/e.

 

[ChowClown]

GU - gift horse off the 5min, long from 6055 and stops now @b/e.

Will take 50% @97.

 

[ChowClown]

GU - gift horse off the 5min, long from 6055 and stops now @b/e.

Stops up to fraction over 6071. Locks in 1.28%.

 

[ChowClown]

Will take 50% @97.

Filled and 1.69% now locked.

 

[ChowClown]

R1 c6125 - next scaleout tgt.

 

[ChowClown]

Stops up to fraction over 6071. Locks in 1.28%.

Stops to 6097.

 

[ChowClown]

Stops to 6097.

Filled. 2.10% (wk: 1.45%, mth: 1.45%). Nice to see a new equity high and the week in +ve territory, finally! Will leave it there for today.

 

[ChowClown]

GU s/d for later...

 

[ChowClown]

i'm often kicking around 'til 1am-1:30am but i don't trade. Looks like EU will offer the first opp for me today. Have a good one.

Having said that, i'm seeing strong higher TF demand on EU at these levels and down to yesterday's swing low, so i'll watch EU for now.

Edit: US Bank holiday and limited news affecting GU & EU to bear in mind today.

 

[ChowClown]

GU S/D update - looking to short from this level, watching 5min PA around any break of the TL.

 

[ChowClown]

GU S/D update - looking to short from this level, watching 5min PA around any break of the TL.

Plan working on this one so far...1st scaleout around a 138.2 extension @6096.

 

[ChowClown]

Plan working on this one so far...1st scaleout around a 138.2 extension @6096.

Nearing 1st scaleout, so stops moved to b/e.

 

[ChowClown]

Nearing 1st scaleout, so stops moved to b/e.

1st scaleout moved above price now to 6114.4, simply because it's battling with the RN.