Inside Bob's bottle

Hello

Not the best trading day but it's not all bad...

My 1st trade was on the GBP, I had a bounce with a little hammer, my profit target was 40 pips because I could see nothing in the way... after it was up 20 I moved the stop to B/E just to be safe... lucky because the after London open she tanked! I don't really use fibs but I found it interesting that this setup was a clean .50 bounce and price went to with in whisker of the 161.8 something for the fib lovers!

2nd trade was a EUR/JPY that set me up to fail! where I went wrong was that I set my stop entry only 1 pip above the bounce candle... Normally I use 2 pips, also the R1 level was only 20 pips above the entry price so more a trade of desperation and greed than anything else.

Hello

Had a 20 pip loss on the eur/jpy before hitting this 20 pip profit .... so felt nice to back in the winners circle!

Really good 16 MA bounce and took profit 13 pips below the whole number/R2 level... I hope this week turns out better than last weeks chop shop!

Hello

Just the one trade today, the pairs I watch are all around important levels so I was lucky to get this good one in! 20 pips on the EUR took profit 7 pips above the whole number... I set it to breakeven after it was + 15 just to play it safe

Got into trade 30mins after Euro open, just above whole number, profit hit 10 mins after London open just under pivot. +30 pips

Trade executed at London open and took 50 mins to hit profit. Was a little unsure because entry candle closed back above R1... the thing that made me more confident was that price had moved 15 pips or so over that level, not just hung around it like a yo-yo. +35 pips

Entered trade 15 Min's before London open, just above daily pivot level. Set profit 7 pips under whole number. +30 pips.

I waited for a candle to close above R1 before entering, things looked good for the first 5 Min but soon before London open market went down and took out my stop just above the whole number. Lots of different ways of looking at this trade but I'm happy with the way I went about it. -20 pips

Good bounce off pivot level as well as a close above whole number, used LEO to enter right on the whole number. moved stop to break even after 20 pips profit passed, +30 pips

Hi,

It's been a while since I posted about my 5 min trading.... the reason is that when do post I find the wheels fall off, if I don't talk about trading then I do better, more so with the short term trades. So I hope in a while to be able to post again and posting often. I hope anyone who reads this is doing well with their trading also!

Cheers,

Bob