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Divergence Pip Range Trading

  • #101
  • Oct 20, 2016 7:10am Oct 20, 2016 7:10am
On the sidelines until post news but EURAUD looks absolutely primed for a rip higher either pre news or from the news. No specific reason other than gut instinct. Will look for any opportunity post Draghi comments.
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  • #102
  • Oct 20, 2016 8:18am Oct 20, 2016 8:18am
Well, EURAUD certainly moved higher! However from the look of the move and listening to Draghi's comments, it looked well and truly overdone.

I won't forget this trade in a hurry, a big dollop of luck to get an entry at the very high of the move but had my finger on the trigger for a few minutes before finally entering at what I believed to be a sound entry based on technicals and a fundamental move. Held my nerve coming down and covered the stop along the way. Used a smaller risk than normal incase it legged higher again so in terms of a gain it was equal to a couple of normal trades despite it being a +115 pip move. Adjusting risk is a great tool in these situations for my style of trading.

Attached Image (click to enlarge)
Click to Enlarge Name: euraud-m3-international-capital-markets.png Size: 36 KB


Back tomorrow.
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  • #103
  • Oct 20, 2016 11:58am Oct 20, 2016 11:58am
I missed the big moves, but managed to get a clean 35 pip short. The biggest problem is to follow the rules and keep your trigger finger under control...
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD.png Size: 78 KB


This is a modified AO with PushAlerts. It saves some screentime. Alerts on zero cross, SignalLine cross, or both.
Attached File(s)
File Type: mq4 Awesome_Signal_Alert.mq4   4 KB | 418 downloads
  • #104
  • Oct 20, 2016 6:54pm Oct 20, 2016 6:54pm
Quoting ludo willems
I missed the big moves, but managed to get a clean 35 pip short. The biggest problem is to follow the rules and keep your trigger finger under control...{image} This is a modified AO with PushAlerts. It saves some screentime. Alerts on zero cross, SignalLine cross, or both.{file}
Hi Ludo,

You're trading the methodology of Rockypoint not actually divergence trading. Nice trade though.
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  • #105
  • Oct 21, 2016 3:10am Oct 21, 2016 3:10am
Long EURUSD from 1.0888 and short GBPUSD from 1.2253.
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  • #106
  • Oct 21, 2016 3:52am Oct 21, 2016 3:52am
Quoting FlipFlopGC
Long EURUSD from 1.0888 and short GBPUSD from 1.2253.
GBPUSD trade has concluded. Price has been kept in check by the MA and it also lined up with the 1 hour chart also which is always a good sign.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m15-international-capital-markets.png Size: 39 KB


Looking at the pip range chart, price had been hovering around the daily open level (black line) and the oscillator began to move lower. I was tossing up whether to try and hold it for a break of 1.2230 area and missed the +20 a couple of times but decided +20 would be a good start to the day and always plenty of other opportunities to look at.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m3-international-capital-markets.png Size: 35 KB
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  • #107
  • Oct 21, 2016 5:02am Oct 21, 2016 5:02am
Closed EURUSD for +15, chart to follow.
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  • #108
  • Oct 21, 2016 8:23am Oct 21, 2016 8:23am
Quoting FlipFlopGC
Closed EURUSD for +15, chart to follow.
Just been to watch Jack Reacher, 7/10.

Here's the EURUSD chart. I felt 1.0890 area to be a good area for a potential bounce but with the Euro moving pretty slowly I knew anything above 10 pips would be an okay trade. I was watching price closely around the 1.0900 handle and timed a good exit.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m3-international-capital-markets.png Size: 33 KB
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  • #109
  • Oct 24, 2016 2:04am Oct 24, 2016 2:04am
New week, new opportunities. Short GBPUSD from 1.2230 and long EURAUD from 1.4261.
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  • #110
  • Oct 24, 2016 5:30am Oct 24, 2016 5:30am
Markets in a massive lull for the start of the week so far. GBPUSD grinding higher and EURAUD ever so slowly crawling higher. Hopefully NY open can be the shot in the arm to get things moving.
flipfloptrader forum
  • #111
  • Oct 24, 2016 6:17am Oct 24, 2016 6:17am
Quoting FlipFlopGC
New week, new opportunities. Short GBPUSD from 1.2230 and long EURAUD from 1.4261.
Exited the EURAUD long for +12 and +20 respectively as I took two entries as shown below. Felt 1.4250 was a great area for support and took half size at 1.4261 and then again at 1.4253. Looks like I exited a few pips too soon but felt price was stalling and didn't want a reversal. A good setup when price diverges on a support level.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM3.png Size: 30 KB


Now to deal with GBPUSD. Will look to add to the short around 1.2265 area.
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  • #112
  • Oct 24, 2016 7:51am Oct 24, 2016 7:51am
Quick trade on EURAUD. This looked a good opportunity for a short trade with price hitting a double top and the AO making lower highs. Exited for +14 and whilst I didn't maximise the gain, still relatively pleased with the result.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM31.png Size: 29 KB


Added a short at 1.2245 on GBPUSD and looking for an exit at 1.2220 area for both trades.
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  • #113
  • Oct 24, 2016 6:06pm Oct 24, 2016 6:06pm
Thought I'd post the conclusion of the GBPUSD trade. As mentioned above, I added to the trade at 1.2245 and was looking for an exit around the 1.2220 area. Ended up exiting at 1.2218 for a good result and a nice start to the week.

Price kept trying to break 1.2245 area but never succeeded and after what seemed like the 4th or 5th attempt divergence confirmed a weak rejection and I took that as a signal to short it.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM33.png Size: 34 KB


Flipflop.
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  • #114
  • Oct 25, 2016 4:07am Oct 25, 2016 4:07am
First trade of the day, GBPAUD short. GBPUSD had been horribly rangebound for the Asian session but GBPAUD was showing some direction and some excellent action around certain levels as evidenced here:

Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud-m15-international-capital-markets-2.png Size: 32 KB


Price was stalling on the Cam level and divergence confirmed a chance at going lower. Aimed for the big round number at 1.6000 and a nice way to start the day, +28..

Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud-m3-international-capital-markets-2.png Size: 31 KB
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  • #115
  • Oct 25, 2016 7:04am Oct 25, 2016 7:04am
Well, GPBUSD and EURUSD are comically bad today with ranges under 35 and 30 pips respectively. Keeping an eye on EURAUD and GBPAUD as they're heading lower and looking for a suitable entry.
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  • #116
  • Oct 25, 2016 8:02am Oct 25, 2016 8:02am
Long on GBPAUD from 1.5959. Markets finally coming alive.
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  • #117
  • Oct 25, 2016 8:12am Oct 25, 2016 8:12am
Quoting FlipFlopGC
Long on GBPAUD from 1.5959. Markets finally coming alive.
Been a while since I picked such a crap entry! Added a small position at 1.5939 to be averaged at 1.5949.
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  • #118
  • Oct 25, 2016 8:34am Oct 25, 2016 8:34am
Final trade at 1.5900 and have set a stop at 1.5850 area.
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  • #119
  • Oct 25, 2016 8:58am Oct 25, 2016 8:58am
Quoting FlipFlopGC
Final trade at 1.5900 and have set a stop at 1.5850 area.
Seen enough, out at 1.5885
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  • #120
  • Oct 25, 2016 8:59am Oct 25, 2016 8:59am
Quoting FlipFlopGC
{quote} 3 indicators in total being the Awesome Oscillator (AO), CCI and Ichimoku indicator, all 3 are standard in MT4. I use both types of divergence being hidden and regular. I prefer to use hidden to stay within a trend. I will use support/resistance to confirm a trade also on time based charts, predominately on the M15. I look for small bits, often. +15/20/25 pips 2 or 3 times a day is all I'm after. I trade from 5pm-11pm local time which is 8am-4pm London time.
Thanks for setting up the page flip flop. I apologise if this is considered a stupid question but I hope you will answer for my own benefit. What part of you're strategy does ichimoko play?

thanks
razor
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