DislikedThat's some great trading flip flop. Divergence with the trend. damn good! How do you decide which pair to trade?Ignored
flipfloptrader forum
Back into the normal routine tonight after last night.
EURUSD looked to be stalling at key resistance at 1.0610-20 area and whilst I didn't get the best of entries I felt the trade was still worth following. I moved the stop to breakeven once 1.0592 area proved to be a mini support level and whilst price retested 1.0600 handle, price eventually wound lower and I managed to extend the TP by a few pips to secure a nice +20 trade.
EURUSD looked to be stalling at key resistance at 1.0610-20 area and whilst I didn't get the best of entries I felt the trade was still worth following. I moved the stop to breakeven once 1.0592 area proved to be a mini support level and whilst price retested 1.0600 handle, price eventually wound lower and I managed to extend the TP by a few pips to secure a nice +20 trade.
flipfloptrader forum
Another Euro trade here but this time on EURAUD. You'll note I mention on my very first post that I do not trade positively correlated pairs but there are exceptions to every rule. In this instance, my EURUSD trade (above) was already at breakeven or win, therefore I took the decision to treat the EURAUD trade as a completely different event. The pair managed to push slightly higher despite the Euro weakening but eventually the good resistance at 1.4425-35 area held firm. Held the trade to the opposite side of the cloud for +29 pips.
More than likely done for the evening but will look at the NY session later.
More than likely done for the evening but will look at the NY session later.
flipfloptrader forum
A truly frustrating trade!
Very strong UK data and GBPAUD dives lower and tests 1.6400 handle. Thought there has to be a chance of a reversal with the good data and divergence and entered. I was waiting for a close above the channel which it just failed to do and then raced lower very quickly and took me out for breakeven.
Sometimes logic is thrown out the window with trading, genuinely surprised to see GBPAUD being crushed on positive data. The one area I can think of is the market sentiment is heavily biased to the long side (retail) which will be causing more pressure to the downside.
Very strong UK data and GBPAUD dives lower and tests 1.6400 handle. Thought there has to be a chance of a reversal with the good data and divergence and entered. I was waiting for a close above the channel which it just failed to do and then raced lower very quickly and took me out for breakeven.
Sometimes logic is thrown out the window with trading, genuinely surprised to see GBPAUD being crushed on positive data. The one area I can think of is the market sentiment is heavily biased to the long side (retail) which will be causing more pressure to the downside.
flipfloptrader forum
Very active Asian session with US Dollar weakness the main theme. Going into the London session, I felt GBPUSD had a reasonable chance at going lower off a key area of resistance. It went higher than I thought but eventually came back and turned into a good result for +33.
flipfloptrader forum
Having a real struggle with GBPAUD these last couple of days. Another breakeven trade. I saw a fantastic setup but was very cautious of the lower highs being made around 1.6350 area and waited for a break above.The trade reached a maximum of +22 before quickly undoing all of the gains in about 3 minutes. Perhaps I'm tackling it from the wrong side given the heavy nature of the pair this week or perhaps too much caution?
flipfloptrader forum
Another week rolls on and a trade here on a very active/volatile GBPAUD. A big gap down to open the day and price has worked its way higher and eventually reached the cam level at 1.6133. Took a short at the pinbar and held it for the big round number at 1.6100.
Most likely it for the day as it's a Bank Holiday in the US.
Most likely it for the day as it's a Bank Holiday in the US.
flipfloptrader forum