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Divergence Pip Range Trading

  • #261
  • Jan 17, 2017 3:53am Jan 17, 2017 3:53am
An interesting trade here and worth an explanation...

GBPAUD had a quick move up prior to UK CPI figures and walked straight into 1.6150 which is just a superb area as seen here:

Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud-h1-international-capital-markets (5).png Size: 48 KB


Usually, I will avoid taking a trade prior to news, however from experience CPI data invariably spikes before retracing and I felt even if it popped higher (and stayed) and I'd have the opportunities to manage the trade and work it to breakeven or a profit. As it turned out, price did spike and then retraced the whole move and worked lower for +28 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud-m3-international-capital-markets (25).png Size: 29 KB


Probably my last GBP based trade for the night as PM May is making a key speech in just under 2 hours.
flipfloptrader forum
  • #262
  • Jan 17, 2017 6:32am Jan 17, 2017 6:32am
Currently in a short EURUSD with the stop at breakeven +1 so will leave it run to a conclusion.

Will post the chart in the morning, it's been a good speech so far from PM May.
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  • #263
  • Jan 17, 2017 6:46am Jan 17, 2017 6:46am
Quoting FlipFlopGC
Currently in a short EURUSD with the stop at breakeven +1 so will leave it run to a conclusion. Will post the chart in the morning, it's been a good speech so far from PM May.
Moved to +6 in bed so will get a good nights sleep now.

Good luck to those trading the NY session.
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  • #264
  • Jan 18, 2017 4:36am Jan 18, 2017 4:36am
Quoting FlipFlopGC
{quote} Moved to +6 in bed so will get a good nights sleep now. Good luck to those trading the NY session.
Here's the chart from the EURUSD trade. This was during the PM May's speech and EURUSD looked very much like stalling around a key level and took the trade and held it for +31 eventually to cap a good day's trading yesterday.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m3-international-capital-markets (11).png Size: 32 KB


Today is looking pretty tricky with price on all of the pairs I watch right in the middle of nowhere and not willing to entertain any trades until price gets moving in either direction.
flipfloptrader forum
  • #265
  • Jan 19, 2017 5:04am Jan 19, 2017 5:04am
Currently short GBPUSD and will look to add around 1.2350 if it keeps edging higher at this stage.
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  • #266
  • Jan 19, 2017 6:21am Jan 19, 2017 6:21am
Moved to breakeven after a further rejection of 1.2312 to break. Looks like being a breakeven trade and slightly frustrated with myself but will explain more tomorrow.
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  • #267
  • Jan 20, 2017 2:24am Jan 20, 2017 2:24am
Quoting FlipFlopGC
Moved to breakeven after a further rejection of 1.2312 to break. Looks like being a breakeven trade and slightly frustrated with myself but will explain more tomorrow.
Ended up taking +5 on the move. The reason for the frustration was that I saw 1.2312 was proving difficult but didn't exit the trade for +20 when I had the opportunity to. The old hold and hope really doesn't work and I know that! Must work harder on the ability to adapt during the trade.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m3-international-capital-markets (21).png Size: 33 KB
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  • #268
  • Jan 20, 2017 6:38am Jan 20, 2017 6:38am
Currently in a short EURAUD and the stop is at breakeven (seems a common occurrence this week!), let's see if EURAUD can roll lower, exit at 1.4110.
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  • #269
  • Jan 20, 2017 6:59am Jan 20, 2017 6:59am
Well, a nice way to end a tricky week. I haven't felt great all week and haven't been at 100% with trading either but worked this trade nicely. I stayed patient and waited for price to come to the area I was looking for as noted on the time based chart:

Attached Image (click to enlarge)
Click to Enlarge Name: euraud-h1-international-capital-markets (2).png Size: 36 KB


Price made a higher high and the AO didn't. Price spent a good couple of hours just hovering between 1.4125 and 1.4140 before finally breaking prior to the NY session. +32 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: euraud-m3-international-capital-markets (18).png Size: 32 KB


Have a good weekend all..
flipfloptrader forum
  • #270
  • Jan 20, 2017 7:57am Jan 20, 2017 7:57am
Quoting FlipFlopGC
Well, a nice way to end a tricky week. I haven't felt great all week and haven't been at 100% with trading either but worked this trade nicely. I stayed patient and waited for price to come to the area I was looking for as noted on the time based chart: euraud-h1-international-capital-markets (2).png;2148655 Price made a higher high and the AO didn't. Price spent a good couple of hours just hovering between 1.4125 and 1.4140 before finally breaking prior to the NY session. +32 pips. euraud-m3-international-capital-markets (18).png;2148656 Have a...
Hey FlipFlop
Just checking in with you.
I took the same trade almost to the pip and it's worked nicely at +28 pips.
It's cool we took the same trade.
Have a great weekend!
  • #271
  • Jan 23, 2017 5:41am Jan 23, 2017 5:41am
Despite some good sized ranges to start to the UK session, I've found it tricky to pick a spot. GBPUSD for me is in the middle of nowhere and no bias in direction and I missed a good setup on EURUSD prior to the start of the UK session by minutes.

I did find a trade on EURAUD when it punched higher to hit 1.4215 area which is a nice area on the 4 HR chart. Held it to just around the prior lows of 1.4188 area and it'll be interesting to see if it comes off further or tries to push higher again.

Attached Image (click to enlarge)
Click to Enlarge Name: euraud-m3-international-capital-markets-25.png Size: 32 KB
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  • #272
  • Jan 24, 2017 6:13am Jan 24, 2017 6:13am
Evening all,

A near carbon copy of last night's trade on EURAUD. Stayed clear of GBP pairs due to the vote and ensuing whipsaw. EURUSD and AUD have been very flat so far this week with below average ranges and whilst this is the case, I see no reason to not follow a reoccurring pattern. +30 and done for the night. It'll be interesting to see where EURAUD breaks free of this range.

Attached Image (click to enlarge)
Click to Enlarge Name: euraud-m3-international-capital-markets (19).png Size: 31 KB
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  • #273
  • Jan 25, 2017 5:24am Jan 25, 2017 5:24am
Just back from the movies, Passengers was excellent, I thought.

On the lookout for any opportunities so hopefully something can shape up.
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  • #274
  • Jan 25, 2017 7:05am Jan 25, 2017 7:05am
First trade on EURUSD for a while. A small range this week and the 20 day average has dropped below 100 and the 5 day range is all the way down at 78 pips.

EURUSD pushed higher prior to NY open and created an opportunity at near weekly highs and felt it was a good spot. Took +20 out.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m3-international-capital-markets (12).png Size: 32 KB
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  • #275
  • Jan 26, 2017 4:35am Jan 26, 2017 4:35am
No trading tonight as I've enjoyed Australia Day and will enjoy an earlyish night. Back tomorrow.
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  • #276
  • Jan 27, 2017 4:09am Jan 27, 2017 4:09am
Here's an interesting trade that I dithered about. Price had risen back to the daily open level and the setup was perfect on the pip range charts but on observing the 4 hour chart I felt the trend was still wanting to go higher so ultimately left it. My wife made a good point that if it didn't feel right then that ultimately is the right decision regardless if it went on to be a good result.

Here's hoping for a more confident trade tonight.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud-m3-international-capital-markets (26).png Size: 31 KB
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  • #277
  • Jan 30, 2017 3:10pm Jan 30, 2017 3:10pm
Late trade from last night and didn't have time to post it.

Some US Dollar strength evident in the Euro and GBP and EURUSD reached a level I felt would be good enough support for a retrace and given the overall trend has been US Dollar weakness.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m3-international-capital-markets (13).png Size: 34 KB
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  • #278
  • Jan 31, 2017 3:35am Jan 31, 2017 3:35am
Evening all, a nice early trade which always helps the evening go slightly quicker.

EURAUD has been capped by the 85 EMA on the 4hr chart for passing on 3 weeks. Given that price touched it I felt it'd be a good opportunity for a short.

Attached Image (click to enlarge)
Click to Enlarge Name: euraud-h4-international-capital-markets (2).png Size: 37 KB


And here's the pip range chart:

Attached Image (click to enlarge)
Click to Enlarge Name: euraud-m3-international-capital-markets (20).png Size: 30 KB
flipfloptrader forum
  • #279
  • Jan 31, 2017 6:20am Jan 31, 2017 6:20am
Last trade of the night with GBPAUD. A very weak GBP followed by a nice retrace from support which I just missed and didn't want to go chasing so waited for an opportunity to get short. GBPAUD popped higher and saw a good opportunity near the BRN and managed to take +28 out.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud-m3-international-capital-markets (27).png Size: 31 KB
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  • #280
  • Feb 1, 2017 2:11am Feb 1, 2017 2:11am
A day off today which gave me the opportunity to have a look at the charts a little earlier than usual.

Price dropped prior to UK open which presented a trade right around the daily open level. Once you start paying attention to the daily open level, you'll realise how often it is a catalyst for movement.

Off to watch Split, hopefully find a further trade when back.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud-m3-international-capital-markets (28).png Size: 31 KB
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