Best Thread GBP/USD 5min setups

[ChowClown]

Morning, GU looks a mush atm, EU looks a better prospect, i smell a decent long...watching for now.

 

[ChowClown]

EU looks a better prospect, i smell a decent long...watching for now.

EU - long 3422, initial stops 3394, will be taking some off quickly @3429, tgts then open up to 3450 and 3480..

 

[top trader]

both eu and cable seem to move with DOW/FT.

short at 15822, today's res. is at 15780

 

[ChowClown]

both eu and cable seem to move with DOW/FT.

short at 15822, today's res. is at 15780

...where's your stop on this one? 20 adrift now?

 

[top trader]

normally 50.

 

[ChowClown]

EU - long 3422, initial stops 3394, will be taking some off quickly @3429

1st scaleout filled...

 

[ChowClown]

EU - long 3422, initial stops 3394, will be taking some off quickly @3429, tgts then open up to 3450 and 3480..

2nd scaleout filled @ 3450 and stops to b/e. Free ride now can do what it likes.

 

[ChowClown]

3rd scaleout filled @ 3480, stops to 3440.

 

[ChowClown]

...if it has the legs 4th scaleout will be 3510 and i'll take the final lot off at 3528.

 

[ChowClown]

..stops to 3471, want to lock in more on this now..

 

[ChowClown]

..stops to 3471, want to lock in more on this now..

..filled. +1.38%, wk: +1.55%.

 

[top trader]

now that is what i was waiting for.
now at 157.30

 

[ChowClown]

now that is what i was waiting for.
now at 157.30

...yup, a member of the MPC saying the UK's screwed for the next 10 years has got to be worth a few 1000 pips

Edit: softened by Sentance
"Inflation not where we would like it to be"
"Need to create impression of return to normality"
"More QE would give wrong impression on economy"
"No need to restart QE"

 

[top trader]

back up again,

shorted euro at 13545

 

[ChowClown]

Morning, decided to buy GU off yesterday's 50% level, pa not looking too supportive of the position atm, watching closely and ready to bail on reverse momentum.

Edit: 11:36 - took a hit of -0.29% earlier, wk: +1.26%. Now flat. Nothing of interest currently.

 

[ChowClown]

GU - short off the RN, in a bit heavier (1.5% risk) and will try and let this one run longer before scaling out.

 

[ChowClown]

GU - hrly pin developing...will cut losses on a break after the hour has closed. Price will then be back into the ranging area from yesterday, will wait for new direction to form from there. A break and test of 5800 again might be an interesting long once support confirmed...i'll maintain short bias if price stays below 5785.

 

[ChowClown]

...legit print to move stops to b/e now...handy as i'm not particularly keen on this one as it stands.

Edit: b/e stops filled. Looking for the long now...

 

[ChowClown]

Edit: b/e stops filled. Looking for the long now...

...although will remain open to taking another short on a clean break below 85....intraday is still biased short.

 

[ChowClown]

GU - 5800 broken, now waiting for the retest to see if it holds as support.