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Divergence Pip Range Trading

  • #541
  • Aug 3, 2017 5:37am Aug 3, 2017 5:37am
GBPAUD dropped to prior support at 1.6680-85 and a nice setup formed. A tough trade which missed TP by 1 pip and ended up closing for +3.

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  • #542
  • Aug 8, 2017 9:51pm Aug 8, 2017 9:51pm
Inserted Video
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  • #543
  • Aug 9, 2017 1:48am Aug 9, 2017 1:48am
Not a divergence trade via pip range charts but this trade had too many positives to ignore. GBPUSD had accelerated hard on the European open, a good clean 40 pip move which is reasonably rare for GBPUSD. Price reached what I deemed a good level of support turned resistance at 1.3021 area. Took +10.

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  • #544
  • Aug 9, 2017 3:05am Aug 9, 2017 3:05am
Quoting FlipFlopGC
Not a divergence trade via pip range charts but this trade had too many positives to ignore. GBPUSD had accelerated hard on the European open, a good clean 40 pip move which is reasonably rare for GBPUSD. Price reached what I deemed a good level of support turned resistance at 1.3021 area. Took +10. {image}
You make a good point that many traders ignore. Just because one is using a chosen method, this doesn't mean that you somehow have to ignore a gold-plated opportunity when it appears. Knowledge is power. Use that power.
  • #545
  • Aug 9, 2017 3:23am Aug 9, 2017 3:23am
Quoting lemercenaire
{quote} You make a good point that many traders ignore. Just because one is using a chosen method, this doesn't mean that you somehow have to ignore a gold-plated opportunity when it appears. Knowledge is power. Use that power.
Thanks, Lemercenaire, sometimes you just have to grab the opportunities when they arise.

GBPAUD has popped to make new daily highs and bumped into an area I was willing to short at. I didn't expect such a quick reaction but I'll take it! haha. +15.

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  • #546
  • Aug 9, 2017 3:56am Aug 9, 2017 3:56am
Quoting FlipFlopGC
https://youtu.be/pysh9oM0y0o
Nice to see another Range bar fan :-)
every Saint has a past. Every Sinner has a Future
  • #547
  • Aug 9, 2017 4:05am Aug 9, 2017 4:05am
Quoting FlipFlopGC
{quote} Thanks, Lemercenaire, sometimes you just have to grab the opportunities when they arise. GBPAUD has popped to make new daily highs and bumped into an area I was willing to short at. I didn't expect such a quick reaction but I'll take it! haha. +15. {image}
Thanks for the heads-up on GA. It's not normally a pair I track but this gave me a double-tap entry on a TooSlow 1-2-3 set-up. Cheers!
  • #548
  • Aug 9, 2017 4:07am Aug 9, 2017 4:07am
Quoting turnip15
{quote} Nice to see another Range bar fan :-)
Hey Turnip, massive fan!

I think they show price structure much more cleanly and clear.
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  • #549
  • Aug 9, 2017 4:08am Aug 9, 2017 4:08am
Quoting lemercenaire
{quote} Thanks for the heads-up on GA. It's not normally a pair I track but this gave me a double-tap entry on a TooSlow 1-2-3 set-up. Cheers!
Happy to help!
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  • #550
  • Aug 9, 2017 8:09am Aug 9, 2017 8:09am
This trade took a while to get going and teased me on the initial run back up and stalled at 1.64777 (around 4 pips shy). I was watching closely if price had a decent close beneath the cloud structure but it stayed within and has pushed higher and closed for +14.5. Job done for the day I think.

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  • #551
  • Aug 10, 2017 2:32am Aug 10, 2017 2:32am
GBPAUD dipped down on the open of London and created a nice setup where price had earlier stalled in the Asian session. Closed at +15.

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  • #552
  • Aug 10, 2017 8:21am Aug 10, 2017 8:21am
A somewhat fortuitous entry as I clicked at 1.30085 but got a good fill at 1.30103. It was a race between GBPUSD or EURUSD as I waiting for either one to hit their mark. EURUSD needed to hit 1.3043 but didn't quite get there whilst GBPUSD did. This was a lot down to timing with the top of the hour approaching and then a nice move down for +10.

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  • #553
  • Aug 11, 2017 8:00am Aug 11, 2017 8:00am
The power of confluence...take a look at the 1 hour chart for GBPUSD:

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  • #554
  • Aug 14, 2017 6:24am Aug 14, 2017 6:24am
GBPUSD had worked its way lower to a solid area of support around the 1.2965-55 zone and I got an early jump on the bullish pinbar and entered at 1.2965. Closed for +11.5.

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  • #555
  • Aug 15, 2017 4:55am Aug 15, 2017 4:55am
EURAUD is trapped in a tight range of 45 pips so far today, the opposite of GBPAUD which is stretching its legs.

Price approached the daily open area and once the pinbar came I took my entry on a convincing setup and closed for +12.5.

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  • #556
  • Aug 15, 2017 9:50am Aug 15, 2017 9:50am
Quoting FlipFlopGC
EURAUD is trapped in a tight range of 45 pips so far today, the opposite of GBPAUD which is stretching its legs. Price approached the daily open area and once the pinbar came I took my entry on a convincing setup and closed for +12.5. {image}
Do you find these Pin Bars useful around Divergence, support and resistance levels, pullbacks ?
Regards
T
every Saint has a past. Every Sinner has a Future
  • #557
  • Aug 15, 2017 9:50pm Aug 15, 2017 9:50pm
Quoting turnip15
{quote} Do you find these Pin Bars useful around Divergence, support and resistance levels, pullbacks ? Regards T
Hi T,

Pinbars can be very useful, a lot comes down to the speed in which that pinbar forms. A rapid rejection of a level is good confirmation that there's a possibility of a reversal.
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  • #558
  • Aug 16, 2017 5:03am Aug 16, 2017 5:03am
EURAUD seemed to have calmed down about the big sell off and began forming a pretty tight range and price was near good potential resistance. Out for +21

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  • #559
  • Aug 17, 2017 5:17am Aug 17, 2017 5:17am
It's quite an interesting week with times where GBPUSD and EURUSD are moving in opposite directions, it makes things a little tricky. GBPAUD as a consequence of GBP strength was displaying a good setup and I took my entry at 1.6246 and closed for +15.

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  • #560
  • Aug 21, 2017 6:57am Aug 21, 2017 6:57am
First trade of the night has finally finished. GBPAUD was slowly working its way higher and created a good setup right at the cam level at 1.6275 area. I closed 2 pips shy of target to avoid a nasty bounce again from 1.6252 area. +16.

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