flipfloptrader forum
- | Commercial Member | Joined Aug 2016 | 629 Posts
Here's the setup for the first GBPUSD trade.
Price made lower highs and the oscillator made higher highs for hidden divergence. Plus the level co-incided nicely with a very responsive area. Got a fortunate exit at 1.2170 as price has reversed over 60 pips already.
Looking to short GBPUSD again if a suitable entry occurs.
Price made lower highs and the oscillator made higher highs for hidden divergence. Plus the level co-incided nicely with a very responsive area. Got a fortunate exit at 1.2170 as price has reversed over 60 pips already.
Looking to short GBPUSD again if a suitable entry occurs.
flipfloptrader forum
- | Commercial Member | Joined Aug 2016 | 629 Posts
Short GBPUSD from 1.2237.
Fell asleep whilst reading but thankfully had entered my orders correctly and target was hit. By the looks of things price came very close to TP and then reversed to near breakeven so falling asleep was probably a god send as I may have exited at that point.
You'll see I entered twice here, once at 1.2237 and then again at 1.2253. The setup looked strong and I was comfortable to trust the setup. Overall a strong day on GBPUSD with +99 pips for the day. That's the good news!
Bad news is EURAUD has legged lower and lower without a sizeable enough retracement. I've done my final average at 1.4416 and have a target around 1.4450 as breakeven, fingers crossed.
flipfloptrader forum
- | Commercial Member | Joined Aug 2016 | 629 Posts
{quote} Bad news is EURAUD has legged lower and lower without a sizeable enough retracement. I've done my final average at 1.4416 and have a target around 1.4450 as breakeven, fingers crossed.
Always feels good to recover a trade like this to a small loss and gets me into a good mindset for the week ahead.
flipfloptrader forum
- | Commercial Member | Joined Aug 2016 | 629 Posts
First trade of the week. GBPUSD lined up a nice divergence with the osciallator and waited for a break of the trendline which also coincided with breaking the lows of the London open candle. +25 pips to start the day.
flipfloptrader forum
- | Commercial Member | Joined Aug 2016 | 629 Posts
EURAUD in a reasonably tight range going into the London open and sat right on a great area of multiple touches as evidenced here on the 15 minute chart.
On the pip range chart, price made higher highs and the oscillator didn't follow. Ideally was aiming for 1.4440 but chickened out at 1.4442 as I didn't want price reversing again. Ultimately I think it could go lower but for my style of trading I am much more comfortable taking smaller bits more often. +29 pip trade.
If anyone has any questions, don't be shy!
On the pip range chart, price made higher highs and the oscillator didn't follow. Ideally was aiming for 1.4440 but chickened out at 1.4442 as I didn't want price reversing again. Ultimately I think it could go lower but for my style of trading I am much more comfortable taking smaller bits more often. +29 pip trade.
If anyone has any questions, don't be shy!
flipfloptrader forum
- | Commercial Member | Joined Aug 2016 | 629 Posts
Final trade of the night on GBPAUD. I'd been watching this pair for the majority of the London session and looking for price to get to 1.5940 area. If I had to identify a 10/10 setup this wouldn't be far off. Look at the 15 minute chart and the significance of 1.5940. Daily open, cam level and price reacting....
On the pip range chart, I entered around 3-4 pips too soon through eagerness as I didn't want to miss the potential bounce as with GBPAUD price can move extremely quickly. All in all an excellent start to the week with +78 pips.
On the pip range chart, I entered around 3-4 pips too soon through eagerness as I didn't want to miss the potential bounce as with GBPAUD price can move extremely quickly. All in all an excellent start to the week with +78 pips.
flipfloptrader forum
- | Commercial Member | Joined Aug 2016 | 629 Posts
First trade of the day done and dusted on EURAUD. Price made substanially lower lows whilst the AO stayed flat. +25 pips.
No more trades for a few hours as I have to go out, hopefully back for US open.
No more trades for a few hours as I have to go out, hopefully back for US open.
flipfloptrader forum
- | Commercial Member | Joined Aug 2016 | 629 Posts
Currently short EURAUD from 1.4334, willing to average around 1.4360 if price rises.
Looking at shorting GBPUSD, waiting for an entry.
flipfloptrader forum
- | Commercial Member | Joined Aug 2016 | 629 Posts
I mentioned I was looking for a short on GBPUSD due to this lovely area of resistance at 1.2325 area on the 4 hour chart:
I waited 15 minutes post UK employment figures which were pretty flat and entered a touch too soon and then GBPUSD spiked 40 pips in a couple of minutes. A fair result for +19 pips.
Most likely on the sidelines until NY open unless something pops.
I waited 15 minutes post UK employment figures which were pretty flat and entered a touch too soon and then GBPUSD spiked 40 pips in a couple of minutes. A fair result for +19 pips.
Most likely on the sidelines until NY open unless something pops.
flipfloptrader forum
- | Joined May 2009 | Status: Veni, Vidi, Pipsi | 91 Posts
GBPAUD; Short +70 pips. End of day. Putting my flipflops on... 
- | Commercial Member | Joined Aug 2016 | 629 Posts
Short at 1.6037, will look to add around 1.6060 if it keeps going higher.
Nicely done, Ludo.
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