Divergence Pip Range Trading

2nd trade of the day with EURAUD, note price approaching a nice level on the 4 Hour chart along with previous support now turned potential resistance.



Looking at the pip range chart, price made noticeable higher highs whilst the CCI made lower highs to complete bearish regular divergence. Aimed 5 pips above the last low and a good level at 1.4750 for +26 pips.



Tempted to move by GBPUSD trade to breakeven and then look for further opportunities later in the session.

Got taken out at breakeven on my GBPUSD trade and looks like it's heading down but will never be disheartened with a breakeven trade.

Currently long GBPAUD and holding a loss at the moment but feel this is a good area for a potential turnaround so will see how it fares.

now I am short eurusd after the pair found res. at 1.127

I try to stay longer in the eurusd short trade 500 tick chart.

End result of the GBPAUD trade. +20 pips.

Firstly an hour chart with price right on the cam level and good divergence showing on the hourly chart:



On reflection I probably got in too soon but as always, no one can see the right side of the chart when it's happening live. Good result in the end and a strong day with +62 pipips in total.



You can see more trades from previous entries on my instagram at www.instagram.com/flipfloptradergc

End result of the eurusd trade. +30 pips.
perfect entry and exit.

Nice result, Akir.

Looking forward to the London session as there seems to have been plenty of movement in Asia.

Many thanks FlipFlop. The system that you introduce here, allowed me better to understand the depth of divergency trading.
That give me a lot belief make trading possible.

Currently long GBPUSD at 1.2940 level.

Will look for a potential short on EURAUD around 1.4695-1.4715 if a suitable setup occurs.

Follow up on the above trade. Firstly, a time based chart showing a good area of confluence and why I wanted to get long around 1.2940 area. Price touched it several times yesterday and divergence appeared on the time based chart also. This isn't a requirement but it's a nice confirmation when it does happen.



Looking at the pip range chart, you can see price making lower lows whilst the AO makes higher lows and price continually bounces along the trendline and eventually hits the 1.2940 area. Ended up getting a plum entry which was great and took a relatively straightforward 15 pips. I was slightly cautious of price diving lower given the weak GBP but felt 15 pips would be a good result.

Couldn't wait for 1.4695 area and took 1.4683. Price quickly retraced off of 1.4687 area and formed a double top on the pip range chart. The AO made lower highs and grabbed a good entry and exited at the last low for +20 pips.

Last trade from last night. GBPAUD. A good chart to analyse and go over. I fell into the dangerous trap of believing a move was overdone (GBP rallying whilst other majors weakening against the dollar). I entered too soon and went offside by 34 pips. The real entry I should have taken is highlighted on the chart. Always important to remember to just trade what you're seeing not what you're believing. Snagged 20 pips and eventually got a good exit as it was the low for that move before price reverted higher again. All in all, another solid day with +55 pips.

Hello,

How do you determine that a currency weakens against the other currencies? Do you use an indicator for that, or you just watch all the charts in which that currency belongs to?

Greetz,

TheJube.

Just watch multiple pairs and you'll soon see what currency is strong or weak, US dollar was strong against NZD, AUD and Euro whilst the GBP was gaining which felt out of sync. There's also a few handy indicators around that show currency strength.

First trade of the day on GBPUSD. Price had made lower lows whilst the AO had made higher lows. Combine this with a tight range of 45 pips and price showing a tendency to bounce off 1.2985 I took an entry at 1.2989. Took my target from just below the daily open at 1.3010 as price can often stall around this area. Relatively a straightforward trade.



Looking to short GBPAUD around the 1.7000 to 1.7015 area if an opportunity presents itself.

Took the short on GBPAUD at 1.6995 so will see how we fare. Did originally try at 1.6990 and missed TP by 0.2 pips and took myself out at breakeven so I've gained a slightly better entry. Looking for +20 pips.

Okay, last post before bed.

Firstly, a nice little trade on EURUSD post news. Price approached the cam level on the 15 minute chart and given the news was flat, I like to fade any sort of quick move especially if it's approaching a good level like here:



Looking at the pip range chart, I entered after a rejection of the level:



And here's my haphazard trading on GBPAUD. Slightly frustrating and probably didn't trade this as well as I'd have liked but I didn't lose money and that's the ultimate goal.

Firstly, the reason for wanting to find a suitable setup was this;



Whenever I see a solid downtrend like the above, I often find price will test the EMA and usually there will be a retracement back into the overall trend.

Spotted a reasonable entry on the pip range chart and ultimately missed TP by 0.2 pips. I was millimeters away from exiting at 1.6973 once price stalled post news ( I'd moved to breakeven pre news) but wanted to see if price could push past the mini level. Tried again at 1.6995 but exited again at breakeven as I just wasn't comfortable with the trade. It may go on and hit the target area but I will always exit a trade if I'm not happy with the setup or gut feel. Remember, there are ALWAYS better setups waiting. I was trying to force this trade too much.



Back tomorrow. +27 pips today.

currently short eurusd at 1.123