Divergence Pip Range Trading

Well, I said I'd wait for something extraordinary and felt GBP had wholly been overcooked off of the back of the UK ruling of Brexit. 1.2435 was essentially the high of the initial surge higher and then it formed almost a triple top where price failed to go higher and the AO made substantially lower highs.

Worth noting that I waited for the break of the rising trendline and the mini support level before entering, I didn't want to enter too soon and risk it ripping higher. Aimed for the BRN of 1.2400 and was a pleasing trade to see it fall into place.

Some nice failure setups on EurAus today, maybe now.
Support on M30.

Catching the falling knife. No way.

Back after a few days off, tried to trade NFP but nothing looked suitable and all the movement seemed to happen after I called it a night.

With the hour going back in the UK and also the U.S this weekend, the nights can be a little later here which isn't always ideal. Only the one trade tonight and cut it short as I'm feeling very tired and didn't want to leave the trade to run overnight and felt +22 was a fair start to the week.

EURAUD had been humped in the Asian session and had a little rally going into the London session and price popped higher whilst not looking like a runaway train. The 85 EMA was lurking on the time based charts (not pictured) and the oscillator confirmed a chance at going lower...



Back tomorrow.

A good trade here on GBPUSD at the beginning of the London open. Price had risen late in the Asian session and started to come up to a good level of resistance. Kept a close eye on it during UK news was which relatively flat. Happy to take +29 pips from this setup.

Final trade of the night on EURAUD. Reasonably similar to GBPUSD in the sense price was sat on what I perceived to be resistance area and felt price had a good chance at going lower. Price made a lower high whilst the oscillator made a substanial higher high. They key element for me was when the 2nd setup formed (marked 2) this kept me in the trade as I was going to cut it above 1.4365 area.

+20 trade and with it getting late and the US waking up to their biggest day in 4 years, I'll happily watch from the sidelines and see how it all looks tomorrow afternoon.

Well, what a morning/afternoon watching the markets and the reactions to the US Elections.

Exercising extreme caution with huge volatility on the crosses such as EURAUD and GBPAUD both experiencing 650+ pip ranges.

First trade of the night on GBPAUD. Price drove higher whilst the oscillator made lower highs. Waited for some confirmation with price closing below the cloud.

A nice win on GBPUSD, chart to follow in the morning after some sleep.

Good luck to anyone trading the US session.

Here's the chart. GBPUSD was showing relative strength compared to other USD crosses and felt it was somewhat of a false strength. Price was stalling at 1.2448 area and I watched price very closely for 5 minutes on the pip range chart and it felt like it wanted to go lower. As with my other trade, allowed for the extra volatility and managed a good +58 pip result.

First trade of the night with GBPUSD almost giving a carbon copy of yesterday's trade at the same level. With the Euro leading lower, the setup seemed logical and took a reasonable entry and an okay exit for +34 pips.



AUD pairs on the move so will be looking at GBPAUD and EURAUD for any potential trades.

Currently short GBPAUD from 1.6230. Insane move/s thus far, will keep a tight watch on this one.

Quickest trade I've had for a while! Exited -30.

Here's the chart;

Totally underestimated the sheer weakness of AUD and after a +140 pip rally off of the lows I felt there was potential for a reversal at/near the daily open area. Price literally went one direction. Thankfully took my medicine at -30 and with sizing still kept a profit for the day thus far.

Currently have an open GBPUSD trade that's in profit (just) but keeping a tight watch on it given the moves being displayed within the GBP pairs at the moment.

A nice trade/setup on EURUSD here. Price has clearly demonstrated 1.0870 area to be an active one and whilst GBPUSD was pumping higher, EURUSD broke the lows of the day and touched 1.0860. Felt it was too good an opportunity to pass and entered.



Aimed for just on the edge of the cloud for +22 pips.

Good result on GBPUSD, will post charts tomorrow.

Better late than never.

Took a cautious entry given the Pound's rampant run against all majors. Waited for price to close beneath the cloud and followed price down to close to the BRN and netted +43 pips.



Looking forward to a good week.

Just quick trade on Dax in the monday morning, right bevor the markets open.

GBPUSD continues to be my friend and a good start to the week.

I got home from work and price was around 1.2490 area and was sorely tempted to enter but for a change I had the patience and waited for the level I was looking for. I felt 1.2460-65 was a good area for a potential bounce given the prior activity and found a good entry.



Pip range chart:

Didn't have any further trades last night but looks liked I missed a great trade on GBPAUD.

Started off with GBPUSD today, had marked 1.2400-1.2420 as a potential area for a long and got a little too eager and entered too soon first trade. However, I did set out to try and average in to the trade and did so at 1.2406 for a much more solid trade. Currently short EURAUD also.

The short EURAUD has finished.

Firstly, a chart of why I wanted to get short EURAUD:



That's a crap load of interaction with a level. For me, that is an absolutely golden area to look for a short. Whilst the level will eventually break the combination of the MA and the level was too much to resist.

Looking at the pip range chart, I entered twice, similar to the GBPUSD trade earlier. A strong result with a combined 65 pips.



Speaking of GBPUSD, had another crack at a long trade:



A pleasing days work. Back tomorrow.

For more examples condensed, you can see them at www.instagram.com/flipfloptradergc