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Attachments: Divergence Pip Range Trading
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Divergence Pip Range Trading

  • #321
  • Feb 17, 2017 3:09am Feb 17, 2017 3:09am
Another week drawing to a close and I know I mentioned it at the start of the week, but I cannot express how quick this week has gone, it's flown by.

A good trade on GBPUSD to start the day off. GBPUSD was idling along the 1.2500 handle and felt it was worth an attempt at going lower. I very nearly moved my target lower as I thought if it could break, it could quickly dive and it did. Nevermind, will never be grumpy at +25 to start off with.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m3-international-capital-markets(30).png Size: 28 KB
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  • #322
  • Feb 17, 2017 3:59am Feb 17, 2017 3:59am
A good trade to post and give an explanation behind the exit.

EURAUD took a good run higher yesterday and earlier in the Asian session tried to go lower but was rejected and moved higher again. I took this trade on small divergence and a tight stop of 20 pips to see if it could bounce lower again. However, the key factor is, price couldn't clear the cloud and once I started to see pinbars, I felt it was time to exit and it may have only been for 6 pips but that saved me a loss of 20 pips given price ran higher very quickly.

Remember, the management of the trade is a bigger factor than the actual entry. For me, psychologically, I much prefer to take a small win or breakeven than let a good position turn into a loss, it just works better for me.

Attached Image (click to enlarge)
Click to Enlarge Name: euraud-m3-international-capital-markets (24).png Size: 29 KB
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  • #323
  • Feb 17, 2017 5:53am Feb 17, 2017 5:53am
Well, I'm determined to get a result on EURAUD and it presented a great opportunity to have another crack. This is a textbook setup and took my exit just outside the cloud. It'll be interesting to see if it reverts higher again or can get some momentum to the downside.

Attached Image (click to enlarge)
Click to Enlarge Name: euraud-m3-international-capital-markets (25).png Size: 32 KB
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  • #324
  • Feb 17, 2017 7:23am Feb 17, 2017 7:23am
Very tempted by EURAUD again but gut says this is going to pop higher after failing to break lower.

Have a good weekend everyone.
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  • #325
  • Feb 20, 2017 4:45am Feb 20, 2017 4:45am
A pleasant weekend is in the books and ready for a fresh week.

GBP had a real pop during the start of the London open and it was a tough decision between GBPUSD or GBPAUD to short. I picked GBPAUD simply due to it being a little bit more volatile and felt it was at a great level to short based on the 4 hour chart.

By luck, I entered whilst price was still rising, had I waited for price to top out, technically I wouldn't have had a trade as the AO went higher than when I entered. It'll be interesting to see where this pair heads this week after carving out a range between 1.6260 area and 1.6140 to the lowside.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud-m3-international-capital-markets (38).png Size: 30 KB
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  • #326
  • Feb 20, 2017 7:30am Feb 20, 2017 7:30am
Last trade of the night with EURAUD. It popped higher and I was waiting for it and pulled the trigger and was reasonably confident of a good setup. Price seems capped to the upside and would much rather approach EURAUD and GBPAUD from the downside.

Attached Image (click to enlarge)
Click to Enlarge Name: euraud-m3-international-capital-markets (26).png Size: 32 KB


Happy with the results today given it's a Bank Holiday in the U.S and hopefully some good movement this week.
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  • #327
  • Feb 21, 2017 5:06am Feb 21, 2017 5:06am
First trade of the night finally in the books. GBPAUD had spent the majority of the Asian session pinging off 1.6210 and then bouncing off 1.6245 area. It was getting extremely tedious but when a setup occurred I took the opportunity to get short. I've marked the lines to illustrate what the picture looks like at the time of entry. You'll see the AO was flat to slightly lower than the first point allowing a viable setup. I held it down to 1.6200 as logic dictates that the range eventually has to break and whilst it may be a false move to the downside, the potential was there to extend to 1.6200.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud-m3-international-capital-markets (39).png Size: 27 KB


Also have a EURUSD trade on the go which is treading water and need to see 1.0550 for a result.
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  • #328
  • Feb 21, 2017 5:35am Feb 21, 2017 5:35am
Quoting FlipFlopGC
First trade of the night finally in the books. GBPAUD had spent the majority of the Asian session pinging off 1.6210 and then bouncing off 1.6245 area. It was getting extremely tedious but when a setup occurred I took the opportunity to get short. I've marked the lines to illustrate what the picture looks like at the time of entry. You'll see the AO was flat to slightly lower than the first point allowing a viable setup. I held it down to 1.6200 as logic dictates that the range eventually has to break and whilst it may be a false move to the downside,...

Hi FlipFlop. Again very nice trade. Can u tell me more about your positions. Do u use SL or TP for example?

Thx
Andreas
  • #329
  • Feb 21, 2017 6:28am Feb 21, 2017 6:28am
Quoting FlipFlopGC
First trade of the night finally in the books. GBPAUD had spent the majority of the Asian session pinging off 1.6210 and then bouncing off 1.6245 area. It was getting extremely tedious but when a setup occurred I took the opportunity to get short. I've marked the lines to illustrate what the picture looks like at the time of entry. You'll see the AO was flat to slightly lower than the first point allowing a viable setup. I held it down to 1.6200 as logic dictates that the range eventually has to break and whilst it may be a false move to the downside,...
Can't see your TFs on screens.
  • #330
  • Feb 21, 2017 7:02am Feb 21, 2017 7:02am
Quoting fractalus
{quote} Hi FlipFlop. Again very nice trade. Can u tell me more about your positions. Do u use SL or TP for example? Thx Andreas
Hi Andreas,

Please see post 9 for an explanation of SL/TP. Any other questions just let me know.
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  • #331
  • Feb 21, 2017 7:02am Feb 21, 2017 7:02am
Quoting Botan626
{quote} Can't see your TFs on screens.
Hi Botan,

No TFs involved, these are pip range charts.
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  • #332
  • Feb 21, 2017 7:40am Feb 21, 2017 7:40am
Cutting EURUSD off at -8 pips. Just going nowhere and getting tired.

Chart to follow in the morning.
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  • #333
  • Feb 22, 2017 12:40am Feb 22, 2017 12:40am
Quoting FlipFlopGC
Cutting EURUSD off at -8 pips. Just going nowhere and getting tired. Chart to follow in the morning.
Enjoyed a nice round of golf today, not too hot for a change.

Here's the chart from the above trade. After dropping reasonably quickly by EURUSD standards, I felt given the good data out of Europe and where price was sitting, it had a good chance of at least gaining back a few pips. In the end I ran out of time as it was edging towards Midnight here and I was tired.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m3-international-capital-markets (17).png Size: 31 KB


Looking forward to today's session, GBPUSD looks above where it should be but cautious of a further rise but will keep an eye on it for a potential short.
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  • #334
  • Feb 22, 2017 3:01am Feb 22, 2017 3:01am
Okay, a nice way to kick off hump day...

As mentioned above, my bias was to definitely look for a short opportunity on GBPUSD. I felt it was overpriced and knocking on a good area of resistance. My first trade was a slightly late entry and therefore used half size. When price came back to test 1.2500 I entered back in with a full size trade and managed to take +21 and +13 for a good result.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m3-international-capital-markets (30).png Size: 42 KB


My other trade was a small risk on EURAUD. The range had far exceeded the ADR by nearly 25% and I couldn't resist the setup forming on the range charts. A small risk and a small reward but a nice trade nonetheless.

Attached Image (click to enlarge)
Click to Enlarge Name: euraud-m3-international-capital-markets (27).png Size: 31 KB
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  • #335
  • Feb 22, 2017 4:03am Feb 22, 2017 4:03am
Here's a trade that I took pre UK news with the idea of moving the stop to at least breakeven prior to the announcement (if in positive) or exit at a loss prior. The trade was sitting in +15 pips pre news and I decided to move the stop to +5 and ride it out. News popped GBPAUD higher and exited for +30 before it lunged down to make new daily lows.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud-m3-international-capital-markets (40).png Size: 28 KB


I have been perplexed by recent data and the reaction by the markets, always trade what you see.
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  • #336
  • Feb 22, 2017 5:17am Feb 22, 2017 5:17am
Here's a frustrating trade on GBPUSD. Price retested 1.2440 for a 3rd time and produced an excellent looking setup. I originally wanted to target around the 1.2465 area but after seeing the weak rejection of 1.2457 earlier I took half off at +16 and moved my stop to +1. Price reversed all the way back to end the trade.

Will be interesting to see where prices heads from here.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m3-international-capital-markets (31).png Size: 30 KB
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  • #337
  • Feb 23, 2017 4:49am Feb 23, 2017 4:49am
Been sat in a trade for last 2 hours, hopefully some movement picks up shortly!
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  • #338
  • Feb 23, 2017 5:04am Feb 23, 2017 5:04am
Quoting FlipFlopGC
Been sat in a trade for last 2 hours, hopefully some movement picks up shortly!
slow session indeed.
  • #339
  • Feb 23, 2017 5:54am Feb 23, 2017 5:54am
Well, got the result I wanted on a quiet night so far.

GBPAUD popped to daily highs and looked to be struggling for momentum and on the 1 hour chart was right up against the 85 EMA. GBPAUD has been in a very small range of late and sooner or later it'll pop but will try and maximise returns in the mean time.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud-m3-international-capital-markets (41).png Size: 30 KB
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  • #340
  • Feb 24, 2017 3:11am Feb 24, 2017 3:11am
Morning one and all,

No trades thus far, waiting for some suitable setups which haven't been forthcoming yet.
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