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Attachments: Divergence Pip Range Trading
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Divergence Pip Range Trading

  • #401
  • Mar 28, 2017 2:24am Mar 28, 2017 2:24am
Hi one and all,

Another lively Asian session and start to the London session, looking to take advantage of some of this movement.
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  • #402
  • Mar 28, 2017 3:00am Mar 28, 2017 3:00am
A couple of trades here on EURAUD. One problem of not having enough screen real estate is the ability to check all elements and I was a bit too eager to get involved on the first attempt. On reflection it wasn't a particularly good level and a bit of a nothing entry and I had marked 1.4300 as the area to focus on. I remained with it and waited for a suitable setup which duly formed and got a nice exit right on the edge of the cloud for +4 and +21 respectively.

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  • #403
  • Mar 28, 2017 4:54am Mar 28, 2017 4:54am
2nd trade of the night with GBPUSD. These sort of setups are fast becoming what I am mostly looking for. Price was hard up against the cam level as evidenced below and price was consolidating around the 1.2590 level. Once the Kijun Sen was broken, it had a good chance of coming down.

It's really interesting going back through the hundreds of trades I've posted and looking at what worked best and what provided the best setups. I cannot recommend it enough to keep an accurate catalogue of all of your trades.

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  • #404
  • Mar 28, 2017 5:53am Mar 28, 2017 5:53am
Here's a video with reference to the divergence method and a potential setup. Watch from 4 minutes for divergence trading only.

Inserted Video
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  • #405
  • Mar 28, 2017 7:22am Mar 28, 2017 7:22am
It's gone incredibly flat so will call it a night and be back tomorrow.
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  • #406
  • Mar 29, 2017 12:29am Mar 29, 2017 12:29am
Quoting FlipFlopGC
It's gone incredibly flat so will call it a night and be back tomorrow.
Well! Seems the US Dollar went on a massive rip pretty much as soon as I went to bed.

Let's see what today brings.
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  • #407
  • Mar 29, 2017 3:38am Mar 29, 2017 3:38am
First trade of the night with EURAUD and had to wait a while for the necessary level to be hit. Looking at the 4 hour chart, the 85 EMA is a perfect spot for a potential bounce:

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Looking at the pip range chart, price has been under pressure for the whole of the Asian session and the beginning of the UK session, the oscillator started to rise and took my entry:

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  • #408
  • Mar 29, 2017 4:40am Mar 29, 2017 4:40am
EURAUD presented the exact same trade but laid out slightly differently. This time price formed a double bottom whilst the AO made a sharper higher low. +15 again.

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I don't I've ever had opposing trades on a AUD based pair but I was also short GBPAUD whilst long EURAUD, could have been easier to long EURGBP but it just moves too slow to get involved.

Anyway, GBPAUD popped higher and formed what I'd consider a safe entry and aimed for the edge of the Senkou Span and grabbed +20. A pleasing set of trades.

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  • #409
  • Mar 29, 2017 7:11am Mar 29, 2017 7:11am
Last trade of the night on GBPAUD. A near 130 pip rally from the daily low back to the daily open gave a good setup. Article 50 is being debated in the House of Commons also which is creating plenty of movement in both currencies. +18 to finish the night.

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  • #410
  • Mar 29, 2017 8:20am Mar 29, 2017 8:20am
Quoting FlipFlopGC
EURAUD presented the exact same trade but laid out slightly differently. This time price formed a double bottom whilst the AO made a sharper higher low. +15 again. {image} I don't I've ever had opposing trades on a AUD based pair but I was also short GBPAUD whilst long EURAUD, could have been easier to long EURGBP but it just moves too slow to get involved. Anyway, GBPAUD popped higher and formed what I'd consider a safe entry and aimed for the edge of the Senkou Span and grabbed +20. A pleasing set of trades. {image}
Hi Flipflop, just dropping by here.
I'm just wondering how you interpret the "hidden" in hidden divergence. If you look closely at the printscreen I think you got the upper line wrong, but Im not an expert or anything.
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  • #411
  • Mar 29, 2017 8:29am Mar 29, 2017 8:29am
Quoting BataviaTrade
{quote} Hi Flipflop, just dropping by here. I'm just wondering how you interpret the "hidden" in hidden divergence. If you look closely at the printscreen I think you got the upper line wrong, but Im not an expert or anything. {image}
Hi BT, I was not representing hidden divergence. Just regular with a higher high in price and a lower high with the AO.
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  • #412
  • Mar 29, 2017 12:34pm Mar 29, 2017 12:34pm
Quoting FlipFlopGC
{quote} Hi BT, I was not representing hidden divergence. Just regular with a higher high in price and a lower high with the AO.
Thanks Flipflop, wonderful how traders can see different things the same chart as I can see a lower high in price (black line). I guess what counts is you bagged some pips.

Happy trades!
  • #413
  • Mar 29, 2017 5:30pm Mar 29, 2017 5:30pm
Quoting BataviaTrade
{quote} Thanks Flipflop, wonderful how traders can see different things the same chart as I can see a lower high in price (black line). I guess what counts is you bagged some pips. Happy trades!
I guess the biggest thing to note on that trade is the near double top, remember these are pip charts and it was only 2-3 pips from a double top. It can't always be inch perfect and I find it's best when you trust your instincts and rely on past setups.
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  • #414
  • Mar 30, 2017 1:35am Mar 30, 2017 1:35am
Hello from a very wet Gold Coast! Cyclone Debbie is emptying itself and falls of upto 500mm in 24 hours being expected.

Hopefully a good session in store today.
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  • #415
  • Mar 30, 2017 2:32am Mar 30, 2017 2:32am
Quoting FlipFlopGC
Hello from a very wet Gold Coast! Cyclone Debbie is emptying itself and falls of upto 500mm in 24 hours being expected. Hopefully a good session in store today.
It does look bad there. Stay safe, buddy.
  • #416
  • Mar 30, 2017 4:14am Mar 30, 2017 4:14am
First trade of the night with GBPAUD. I took a couple of entries and the first one was based on price being near the daily open level and felt price had a good chance of going higher. However price wanted to go lower first and used a 2nd entry for an average and waited for strong confirmation with the pinbar followed by a further candle to the upside.

A reasonable start to the night which has seen a modest start in terms of movement during the UK open.

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  • #417
  • Edited 6:52am Mar 30, 2017 6:19am | Edited 6:52am
I've mentioned before the importance of the position of price relative to a decent support/resistance area and GBPUSD has thrown up an excellent example.

Firstly the pip range chart; it formed a great looking divergence but one key factor here is price never cleared the Kijun Sen, so whilst you may have entered on first sighting, an exit should have been sought once price failed to clear it to the downside.

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However, looking at the time based chart, price is in the absolute middle of nowhere. Always ask yourself, where is your backup or exit?

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The key to successful, long term trading is recognising a poor setup and having the ability to avoid low % trades.
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  • #418
  • Mar 30, 2017 7:19am Mar 30, 2017 7:19am
It's been a relatively quiet night in terms of taking trades and I've had to stay patient waiting for the right setup. GBPUSD pushed higher as I posted above and ran right into the 85 EMA:

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Looking at the pip range chart, price made a higher high whilst the AO didn't and it was very close to the NY open which generally produces some activity.

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I've decided to slow down on my daily entries here as I'll be concentrating my efforts on my new forum. I'll still stop by and answer any questions and post the occasional example to keep it alive. I hope to see a few of you at my new home!

www.flipfloptrader.com
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  • #419
  • Mar 30, 2017 9:12am Mar 30, 2017 9:12am
Quoting FlipFlopGC
It's been a relatively quiet night in terms of taking trades and I've had to stay patient waiting for the right setup. GBPUSD pushed higher as I posted above and ran right into the 85 EMA: {image} Looking at the pip range chart, price made a higher high whilst the AO didn't and it was very close to the NY open which generally produces some activity. {image} I've decided to slow down on my daily entries here as I'll be concentrating my efforts on my new forum. I'll still stop by and answer any questions and post the occasional example to keep it...
Looking at the pip range chart, price made a higher high whilst the AO didn't and it was very close to the NY open which generally produces some activity.
Would you say that this is a pattern that repeats regularly at this particular time because of the elements listed?
  • #420
  • Mar 30, 2017 5:36pm Mar 30, 2017 5:36pm
Quoting lemercenaire
{quote} Looking at the pip range chart, price made a higher high whilst the AO didn't and it was very close to the NY open which generally produces some activity. Would you say that this is a pattern that repeats regularly at this particular time because of the elements listed?
I wouldn't so much as say the pattern repeats at that time but more often than not you'll see the open produce some movement and typically a setup will or have occurred off of the that move.
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