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Divergence Pip Range Trading

  • #221
  • Dec 21, 2016 2:11am Dec 21, 2016 2:11am
A very quick trade here on EURAUD. Literally as I was typing the above post I entered EURAUD and it dropped nicely. Price was at yesterday's highs and daily highs for the day also. Price looked to be stalling and took the entry. +20 pips locked away.

Attached Image (click to enlarge)
Click to Enlarge Name: euraud-m3-international-capital-markets-2 (1).png Size: 29 KB
flipfloptrader forum
  • #222
  • Dec 21, 2016 9:29am Dec 21, 2016 9:29am
great thread!
system makes alot of sense and I like how you are looking for trend on higher timeframes and then finding divergence in the direction of the trend on range bars.
My hats off to you as this could be the best trade out there.
i'm curious what range bar indicator/expert you find best or doesn't slow down mt4 to much.
  • #223
  • Dec 21, 2016 2:48pm Dec 21, 2016 2:48pm
Quoting henn9
great thread! system makes alot of sense and I like how you are looking for trend on higher timeframes and then finding divergence in the direction of the trend on range bars. My hats off to you as this could be the best trade out there. i'm curious what range bar indicator/expert you find best or doesn't slow down mt4 to much.
I had a friend code one back in 2011 and still works to this day without any loss in MT4 performance.

I actually might start looking for an MT5 alternative as I want to try MT5 and see how that goes. Only ones I've found thus far are paid alternatives so might have to venture down that road.
flipfloptrader forum
  • #224
  • Dec 22, 2016 5:02am Dec 22, 2016 5:02am
Only 1 trade tonight as I was out doing last minute Christmas shopping. I was watching the march up on EURAUD via my phone and thought some decent setups would be forming.

Very much in hindsight but I'd hope I wouldn't have entered any sooner than where I did due to price not reaching the area I wanted to be short. There was a great setup around 1.4470 area and maybe I'd have entered, I really don't know.

Anyway, the reason for the position I took when I came home was the following chart:

Attached Image (click to enlarge)
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That is to me, grade A resistance and very much worth a trade.

Looking at the pip range chart, I entered right at the ADR predicted high around 1.4515 and it pushed further still and topped out at -20 (1.4535). Held the trade for a good result for +38 pips.

Attached Image (click to enlarge)
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Depending on what the NY open does and U.S data, it could punch higher and re-test, however I'll be a bystander and wait until tomorrow.
flipfloptrader forum
  • #225
  • Dec 23, 2016 5:10am Dec 23, 2016 5:10am
Low percentage play on a short EURAUD currently.
flipfloptrader forum
  • #226
  • Dec 29, 2016 3:50am Dec 29, 2016 3:50am
I was planning on taking the full week off but I watched a few charts on Tuesday and thought prices looked reasonable and again last night.

A little trade on GBPAUD. Price had been tracking lower and bouncing off the MA on the time based chart almost to the pip for well over 18 hours. Found a good entry and took a quick +18 pips.

15 min chart:

Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud-m15-international-capital-markets.png Size: 41 KB


Pip range:

Attached Image (click to enlarge)
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Also managed +10 on EURUSD despite the extremely tight range on the Euro this week. Price was nearing key resistance levels and took an entry, slightly too early but aimed for the exit right at the last swing high point on the pip range chart for a good nights work.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m3-international-capital-markets (8).png Size: 32 KB


Hope everyone had a fantastic Christmas.
flipfloptrader forum
  • #227
  • Dec 29, 2016 10:43am Dec 29, 2016 10:43am
I will restrict my trading only for that setup : double top with falling momentum to be profitabel at all.
Todays eurcad sell enter, 10 pip range bar chart
Attached Image (click to enlarge)
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  • #228
  • Dec 30, 2016 2:12am Dec 30, 2016 2:12am
A case of being patient and waiting for the momentum to drop off. EURAUD has been very volatile today in thin liquidity in Asia and momentum has been strong in early London session.

Took +23 pips out of the move and happy with that and will look for any further opportunities.

Attached Image (click to enlarge)
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flipfloptrader forum
  • #229
  • Dec 30, 2016 4:08am Dec 30, 2016 4:08am
It's gone pretty quiet so going to call it an evening.

It's been a productive year and looking forward to taking it to the next level in 2017.

Happy New Year to the readers.
flipfloptrader forum
  • #230
  • Jan 2, 2017 4:26am Jan 2, 2017 4:26am
Happy New Year!
  • #231
  • Jan 2, 2017 4:39am Jan 2, 2017 4:39am
Quoting FlipFlopGC
{quote} I had a friend code one back in 2011 and still works to this day without any loss in MT4 performance. I actually might start looking for an MT5 alternative as I want to try MT5 and see how that goes. Only ones I've found thus far are paid alternatives so might have to venture down that road.
I have used renko in the past and it really slowed down mt4 so I could only trade a small number of pairs. I like to scour a lot of pairs looking for trends so it was limiting. If we could find one that doesn't slow performance that would be awesome. and one that we can change time frames on the original chart also without changing the range bars so we don't have to have 3 charts open on the same currency pair. Do you know where we can find one with this type of performance?
  • #232
  • Jan 2, 2017 2:33pm Jan 2, 2017 2:33pm
Quoting henn9
{quote} I have used renko in the past and it really slowed down mt4 so I could only trade a small number of pairs. I like to scour a lot of pairs looking for trends so it was limiting. If we could find one that doesn't slow performance that would be awesome. and one that we can change time frames on the original chart also without changing the range bars so we don't have to have 3 charts open on the same currency pair. Do you know where we can find one with this type of performance?
Yes, it's a little time consuming to have to use 3 charts for 1 pair. I haven't found a product that will allow the base 1 minute timeframe to be changed without altering the offline chart.

More screens!
flipfloptrader forum
  • #233
  • Jan 3, 2017 12:30am Jan 3, 2017 12:30am
Well, 2017 is upon us and extremely excited for a big year. A great way to start the year with a nice setup on EURAUD.

AUD has been extremely strong in the Asian session and with a nice little channel forming on EURAUD, it seemed a good place to look for a trade.

Entered for the first time at 1.4499 when divergence appeared and then added to the trade at 1.4488 once price broke the horizontal level and exited for +30 and +20 respectively.

Attached Image (click to enlarge)
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flipfloptrader forum
  • #234
  • Jan 3, 2017 1:07am Jan 3, 2017 1:07am
A very quick trade here on a bounce from support on EURAUD. The green line marks the daily ATR level for a move to the downside. Divergence appeared and took a quick +13 pips.

On the sidelines until post UK data.

Attached Image (click to enlarge)
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flipfloptrader forum
  • #235
  • Jan 3, 2017 3:40am Jan 3, 2017 3:40am
Last trade of the night and very nearly picked EURUSD for a long but given the big EUR weakness, wasn't prepared to fight it. GBPAUD seemed to moving reasonably well and had risen post UK data and felt it had topped out. Price may continue lower but from a psychological point of view, I am much happier to take the +23 instead of risking the potential bounce before going lower.

Attached Image (click to enlarge)
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Back tomorrow.
flipfloptrader forum
  • #236
  • Jan 4, 2017 1:25am Jan 4, 2017 1:25am
Haven't had many trades on GBPUSD for a while so it was good to see a setup form. The same setup also occurred on GBPAUD but I had already entered in the GBPUSD trade.

On reflection I entered a touch too soon but allowed myself some room and entered again at 1.2285 on the push up on the UK open where large US dollar weakness was seen. 1.2285 area was an excellent area of resistance on the 1 hour chart and allowed this to guide me.

Potentially looking at a short EURAUD but will monitor the UK news in 5 minutes.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m3-international-capital-markets (19).png Size: 34 KB
flipfloptrader forum
  • #237
  • Jan 5, 2017 2:09am Jan 5, 2017 2:09am
Waited until post UK data for a trade and GBPAUD has been moving extremely freely today with stories of Yuan issues over in China seeming to affect dollar flow.

UK news pushed GBPAUD right up to the perfect area for a short:

Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud-m15-international-capital-markets (1).png Size: 33 KB


Entered on a steep divergence and aimed for just outside of the channel and also the camarilla level on the time based chart for +29 pips.

Attached Image (click to enlarge)
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flipfloptrader forum
  • #238
  • Jan 5, 2017 5:33am Jan 5, 2017 5:33am
Last trade of the night on GBPAUD (again!). Price rose to the daily open level which coincided with GBPUSD doing exactly the same move. Once the pinbar had formed off this I took my entry once price had closed beneath the Tenkan San and Kijun San. As per the chart, I decided I'd hold the trade past the usual target and see how far it could extend down given the overall nature of the pair had been in a bearish move for the day. I aimed for the daily low and was aided by the US data which pushed it to that level. A nice result for +76 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud-m3-international-capital-markets (20).png Size: 44 KB


Back tomorrow for some NFP action.
flipfloptrader forum
  • #239
  • Jan 6, 2017 5:05am Jan 6, 2017 5:05am
I've taken it reasonably easy thus far tonight with full expectations of finding a trade post NFP.

However, I did catch this trade on GBPAUD when price formed a double bottom with the AO sharply higher. It was also near yesterday's low. Managed +29 on the push up right on NY open.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud-m3-international-capital-markets (21).png Size: 33 KB


And missed this nice trade on EURUSD as I was watching some YT videos! Doh!

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m3-international-capital-markets (9).png Size: 31 KB
flipfloptrader forum
  • #240
  • Jan 6, 2017 5:55am Jan 6, 2017 5:55am
That's some great trading flip flop. Divergence with the trend. damn good!
How do you decide which pair to trade?
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