Divergence Pip Range Trading

A much more confident/solid trade here with EURUSD. I was ideally waiting for 1.0620 area but after watching price fail at 1.0608 earlier, I was mindful of it doing something similar so when it popped above 1.0610 I took my entry and targeted just outside the cloud for +25 pips.

Last trade of the week and a nice way to finish.

1.2465 a big area in terms of resistance during intraday trading and given the quieter conditions felt it was a worthwhile trade given price had risen from the lows of the day to this area on the back of as expected news. EURUSD was lower and given their reasonable correlation, felt it was a fair opportunity. +20 and a solid week.

Back on Monday.

I await a biger move in GBPAUD this time in H4 on my favorite setup.

I am out with a small loss.

Shame, Akir, as that looked a good setup if trading time based.

Slow start to the week thus far and didn't maximise this trade at all. Got a rubbish fill on entry when I was looking for 1.4249 and the latency with the broker entered me at 1.4247 and then messed up the exit. All in all not my best trade but +10 is better than nothing!

Having a Battle Royale with GBPUSD. Around 10 pips from a result so fingers crossed.

Out and done for the night, managed an average of +20 pips on GBPUSD by entering/exiting several times and jogging it round. Charts to follow...

Had to work to get my money here! On what I thought was a quiet trading session, the US Dollar quickly strengthened across the board which left my initial trade looking weak. However, as per the chart, held my belief that there should at least be some action around 1.2390 area and I used this to enter/exit 3 times in total which kept getting me a better price whilst also taking profit out with each trade.

Currently short GBPUSD from 1.2477, will look to add around 1.2510 if it keeps popping.

Finished +1 after it ran to +17 and went to bed whilst still in positive territory and stop placed at +1. Chart to follow.

Currently short EURAUD from 1.4256.

A pretty fortunate set of events on GBPUSD. It popped higher very quickly and took an entry and when the trade got to +20 I moved my stop to breakeven, however I actually hadn't set a target. I was looking for around 1.2470 area as that was the last area of support from the Asian session. I was reading an article and glanced at my chart and saw GBPUSD had crumbled 50 pips very quickly and exited at 1.2430 for a +73 pip trade.

My main reason for wanting to short GBPUSD has been this chart:



Pip range chart:

A good thought inducing trade here with GBPUSD whilst EURAUD is still not quite playing ball.

GBPUSD unwound over 60 pips after the quick burst lower and with the NY open only a few minutes away, this was more than anything a gut feel trade combined with the confirmation of divergence. Too often I've seen price sent one way only to be taken the opposite around a key open such as NY thus I used this knowledge and decided the trade had merit. +21 pips.



EURAUD I exited for -10 on the initial entry and took another attempt from 1.4290 and had aimed for 1.4265 and just missed it post ADP figures and now it's reverting higher. Will keep watching for now.

Closed EURAUD for +18 for a total of +8 overall given the first loss. Chart in the morning as I'm nicely tucked up in bed trying to cool down on a very humid evening.

Just home from work and here's the chart/s from last night.

I felt 1.4250 area was an excellent spot to get short but the trade never looked like going in my favour and felt if 1.4260 was broken, there wasn't much in the way up to 1.4275-80 area. I took my 2nd entry at 1.4290 and exited at +18 which turned out a good exit as my original target would have been missed and EURAUD pushed higher in the NY session.



Hopefully some good trades tonight.

Well, GBP going absolutely nutty, thankfully haven't seen any worthwhile opportunities there.

Just the one attempt tonight with EURAUD. Shocking headache so called it early and will revisit tomorrow with NFP to look forward to.

Feeling much better tonight and enjoyed a couple of good trades pre NFP.

Turns out had I held my EURAUD from last night it would have roared home but just wasn't feeling great.

First trade was a short on EURAUD from a key resistance area and once it cleared 1.4400 I felt it had some good downside potential. Originally targeted 1.4365 as shown by the blue dash but was cautious of a London reversal but it never eventuated.

2nd trade was a long from near the bottom of the daily range as price had dropped to yesterday support levels. A small trade but still a satisfying one.

Now all eyes to NFP.

Currently short GBPAUD from 1.7140, huge rally from this pair, looks good for a move down (that's the plan anyway!).

Here's the result from GBPAUD. After a big rally from daily lows to session highs, GBPAUD hit the last notable high and felt it was time for a move down which coincided with the divergence appearing on the pip range chart. I would have liked to have held it for longer but was dog tired and was happy to take +48 pips to start the week.

Another big range during the Asian session on GBPAUD and managed to walk through the door and spot this setup. Initially missed the original entry but price came back enough to allow a suitable entry. Took +30 off the table as I am very wary of how much upside momentum GBPAUD has currently with 30-40 pip swings in sometimes seconds.

GBPAUD an interesting pair today. Shocking GDP figures for the AUD this morning followed by equally terrible UK Manufacturing figures. GBPAUD roared lower on the back of the news. I was waiting for price to come to 1.6890 area and thankfully had the patience to wait for it to be hit as I was originally eyeing an entry up at 1.6915 area.

Here's the time based chart:



And here's the pip based chart. Originally had the TP set at 1.6917 and price ended up missing it by 0.4 of a pip which was agony to watch. When price re-tested the top of the cloud I decided to take my exit there for +22 pips.