GBP/USD 5min setups

Just lost another -0.5% on a GU long (not on the mech strat) and finished for the day now. (wk: -3.84%, 4 wk period: -1.10%). Tomorrows another day.
 
Lunchtime update. 2 trades so far at 0.5% risk posted on the FX live thread. An EU short for -0.35% and a GU long for 1.09%. (wk: -3.10, journal mnth: -0.36%).
 
End of day update. Took an EU long from earlier demand level (from 3605) for a quick +13. Wk: -2.80%, journal mnth: -0.06%.
 
GU - one to check in the morning, currently short from 6036 and looking for 5980-90 (last demand), wishful thinking to see it down at the stronger demand @5900.
 

Attachments

  • 19th Nov GU - 1 jrnl.PNG
    19th Nov GU - 1 jrnl.PNG
    51.2 KB · Views: 137
GU - one to check in the morning, currently short from 6036 and looking for 5980-90 (last demand), wishful thinking to see it down at the stronger demand @5900.

Just saw that in the other thread. Looking nice so far.

Good Luck!

Peter
 
Lunchtime update: the overnight GU short lost -0.5%. 2 trades this morning posted on the live thread for 0.58% and 2.20%. Wk now: -0.52%, journal mth: +2.22%.
 
1st trade today (0.5% risk), short EU 3741.6. Fib setup initially targeting the 138.2 ext around 3700.
 

Attachments

  • 22nd Nov EU 1.PNG
    22nd Nov EU 1.PNG
    61.1 KB · Views: 154
2nd trade - GU short 6052.8, targeting 6025 initially. Set and forget to a greater extent today as busy at work.

All out @6022.4 for +30.4 pips.
 

Attachments

  • 22nd Nov GU 1.PNG
    22nd Nov GU 1.PNG
    63.8 KB · Views: 136
  • 22nd Nov GU 1 exit.PNG
    22nd Nov GU 1 exit.PNG
    16.4 KB · Views: 172
Done for today. (+0.85%, mth: +3.07%).


well done mate great start to the week

i am in mexico city this week so just waking up and it looks like i missed my setups aswell similar to your entries

anyway well done bud

patrick
 
well done mate great start to the week

i am in mexico city this week so just waking up and it looks like i missed my setups aswell similar to your entries

anyway well done bud

patrick

You get around mate, what do you do for a living?
 
You get around mate, what do you do for a living?

airline crew

yeah have to trade at all times which can be frustrating espcially if your stuck in the slow asian session

anyway back in london tomorrow so hope to catch some nice trade on wed and thurs

those trades looked lovely very easy market to trade not as choppy as usual
 
ah interesting, my eldest son is mad keen on becoming a commercial pilot (he's 9!), i take him up to Luton airport most weekends to watch stuff happen :)...

This morning the patterns did seem easier to read, i found pa fine off the 15min to set things up, i pulled out to the hrly/4hr to check key supply levels again and the entries were reasonably straight forward from there. Lots left on the table but the plan was over quickly and it was nice to keep exposure down for a change :)

cheers
 
Work getting in the way of trading for me the least couple of sessions.

EU - the current intraday reversal is from price interaction around a weekly 138.2 fib extension level. As 138.2's consistently offer good 5min swing targets intraday, i'm particularly interested when these levels are reached on the weekly tf.
 
This week so far is -1.45% (+2.99% for the journal month). Friday will be the end of the 3rd 4 week period of the journal, i'll reset the journal from 1st wk in Jan.

I'm now posting volatility breakout calls on GU (on the live thread), very similar to the strat i used years ago (VEBO). I can then focus on the generally cleaner EU and EJ charts for 5min day trades. Oanda EU spread is usually 0.9 pip which makes a difference.
 
...i've realised i have been making mistakes on the reported monthly return. Today is the last day of the 3rd 4 week period since the journal started. The account has grown well and this last period has actually increased the account by 8.87%. This week currently stands at -1.29%. I took two trades which weren't called on the live thread, 1 yesterday and the other this morning on EU. Snapshot of the broker log below. A +50 for 0.5% and +14.9 for 0.16%.
 

Attachments

  • 2_3 Dec Blotter.PNG
    2_3 Dec Blotter.PNG
    14 KB · Views: 138
Top