GBP/USD 5min setups

[ChowClown]

2nd scalein filled @45...tgting support levels c20-30 initially with 3/5ths.

...hmm just spotted weekly level in play around 50...finger on trigger to bail if 15min closes above.

Edit: 11:35 - still in, my wkly level is at 54 and there hasn't been a 15min close above yet, although indecision is evident now...will hang on for the time being.

 

[ChowClown]

...hmm just spotted weekly level in play around 50...finger on trigger to bail if 15min closes above.

Edit: 11:35 - still in, my wkly level is at 54 and there hasn't been a 15min close above yet, although indecision is evident now...will hang on for the time being.

Exited, not enough momentum and I have to leave the office for a while. Will update results later.

 

[ChowClown]

Exited, not enough momentum and I have to leave the office for a while. Will update results later.

...well, price hit 5833, 3 pips from initial tgt zone. Near b/e result though for me, netted +0.08%. Wk: +2.39%.

 

[ChowClown]

Unable to trade yesterday afternoon and not in on the jinks up so far (GU & EU). Watching and waiting for the time being.

 

[ChowClown]

EU - short 4079, initial sl 4103, 1st tgt 4058...counter intra trend so reducing risk to 0.25%.

 

[ChowClown]

EU - short 4079, initial sl 4103, 1st tgt 4058...counter intra trend so reducing risk to 0.25%.

1st tgt (4058) hit, 3/5ths off and stops to b/e.

 

[ChowClown]

1st tgt (4058) hit, 3/5ths off and stops to b/e.

Next tgt 4047, a daily R level which could easily switch to S.

 

[ChowClown]

1st tgt (4058) hit, 3/5ths off and stops to b/e.

stops to 4075. DOW Futs lifting..

 

[ChowClown]

stops to 4075. DOW Futs lifting..

Took profit on final lots @ 66. +0.19%, wk: +2.58%.

Leaving office now. Back online in an hr or so.

 

[ChowClown]

No other trades yesterday afternoon. Currently have a GU long order in @ 6055.

 

[ChowClown]

Currently have a GU long order in @ 6055.

GU long from 6055, tgt R1 around 85. 1% risk, initial sl @37.

Edit: 11:15 - v bearish 15min candle just closed, expecting to lose this one.

 

[ChowClown]

GU long from 6055, tgt R1 around 85. 1% risk, initial sl @37.

Edit: 11:15 - v bearish 15min candle just closed, expecting to lose this one.

Closed at 52, not confident enough in the PA to hold longer. -0.17% wk: +2.41%.

 

[ChowClown]

EU - short 4079...

 

[ChowClown]

EU - short 4079...

..initial sl 4101, 1st tgt daily pivot c4050.

Edit: 14:07 - ...closed this before news at 91. -0.55%, wk: +1.86%.

 

[ChowClown]

Work has been busier this week and the trading has had to take a back seat. Just thankful for the slim profit on the week. Hope you've had a good week and have a great weekend.

 

[ChowClown]

Morning, I have so far missed the moves on GU & EU and currently watching and waiting. First trade of the day/week likely to be found this afternoon. News thinner today so it will be interesting to see if other factors can move price - DOW futures currently down on the day, sub 11000...

 

[ChowClown]

Haven't seen GU PA as smooth for quite some time....wondering if the 5th wave (down) will have the legs to take out the low...EU and DOW still quite strong..

 

[ChowClown]

GU - short 5882, initial stop 5908, 1st tgt 5855.

 

[ChowClown]

EU - long order pending 3908.

 

[ChowClown]

GU - short 5882, initial stop 5908, 1st tgt 5855.

Bailed all out @90. -0.31%, wk: -0.31%, Mth: +1.55%.

Waiting for more convincing momentum with a view to re-entering short..