GBP/USD 5min setups

..bang! filled short, nice momentum off this R level.
 

Attachments

  • 8th Oct GU Piv 1.PNG
    8th Oct GU Piv 1.PNG
    16.9 KB · Views: 120
Result: +1.59%, wk: +2.24%. Encouraging to see the final tgt being hit @32, 2 pips from the turn from monthly support - but the PA scared me off before it got there. Sidelines now until after NFP.
 
GU at the strong R level again and the PA appears bearish atm on verge of breaking down, i won't be taking it.
 
GU, long - testing the RS switch..1st tgt 17, then 47.

1st tgt filled (5917) and stops to b/e.

stops up to 5922 to lock in +2.21%.

stops to 5932.

2nd tgt filled (5947).
 

Attachments

  • 8th Oct GU Piv 2.PNG
    8th Oct GU Piv 2.PNG
    13.2 KB · Views: 145
stalling around weekly R now...

15:13 - stop still in, the 3rd tgt at 70 is around monthly R, perhaps this will be harder to break if it gets there...as i type i'm seeing 5min gravestones around the weekly R, will probably be done for the week soon and a great turnaround to make a +5% gain for the wk, marvellous.

15:16 - stops filled. +2.89%, Wk: +5.13%. End of 4th wk of the journal and account up 19.91%. Hope you've had a good week too, have a great w/e and see you Monday.
 
With the US holiday today and no major news due, a 'jobbing' mindset on both GU & EU might be wise. Both pairs currently trading around weekly support levels, EU (5min) looks to be shaping up for a long atm off the 123..
 
EU - long order @ 3949..

Edit1: ...in long from 49 a 5min close below 23 and i'll be taking a 1% loss...just balancing the need for this one to breathe.

Edit2:...change of plan, i'll stop and reverse (short) on a close below the support at 33.

Edit3: ...loss filled for -0.63%. Watching PA now for a short entry..
 
EU - short pending, 3922, tgting support around 3900.

Edit1: ..momentum now long, above support. On watch again now for PA confirming one direction above/below this level.
 
EU - long pending, 3953, tgting resistance c3995-4000.

Edit1: ..buy stop moved to 3941.
Edit2: buy filled at 3941. Initial sl 3924. (lighter load this time, 0.25% risk). Will stop & reverse, short.
 
..EU - still long, by skin of teeth.

Edit: ..stoploss filled -0.25%...and in again short from 3923.
 

Attachments

  • 11th Oct EU 1.PNG
    11th Oct EU 1.PNG
    15.1 KB · Views: 129
  • 11th Oct EU 2.PNG
    11th Oct EU 2.PNG
    17.1 KB · Views: 124
....looking for 3875ish, which is probably a decent level for bulls.

Edit1: 16:04 stops to b/e.
Edit2: 16:19 15min wicks, so stops to 3908.
Edit3: 16:59 3875 filled. Flat. +0.56%, wk: -0.32%.
 
Top