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Divergence Pip Range Trading

  • #501
  • May 9, 2017 6:18pm May 9, 2017 6:18pm
Quoting BataviaTrade
Looks like you're doing real nice with the system Flipflop! I am currently looking for a platform which provides range bars but found not many. Does your platform (MT4?) have this build in by default? Renko is clean but price can be bouncing a lot outside the current brick without creating a new brick.
Hi Batavia,

No MT4 will have range bars as default but you can easily add them. If you check the first post in this thread you'll find a link to them.

Alternatively you can use Ninjatrader or TOS (thinkorswim) platform that has range bars as standard.
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  • #502
  • May 9, 2017 10:24pm May 9, 2017 10:24pm
Inserted Video
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  • #503
  • May 10, 2017 2:02am May 10, 2017 2:02am
See here for the follow up the video.
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  • #504
  • May 10, 2017 6:37am May 10, 2017 6:37am
GBP providing much of the action so far. GBPUSD tried to edge higher on the UK open and put in a series of bearish pinbars around the 1.2980 level and once price reached there again I took an entry and aimed for 1.2965 for +14 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m3-international-capital-markets.png Size: 49 KB
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  • #505
  • May 11, 2017 4:19am May 11, 2017 4:19am
Quoting FlipFlopGC
{quote} Hi Batavia, No MT4 will have range bars as default but you can easily add them. If you check the first post in this thread you'll find a link to them. Alternatively you can use Ninjatrader or TOS (thinkorswim) platform that has range bars as standard.
Thank you FlipFlop, I will definately consider those mentioned platforms. The disadvantage though with Renko (and I think also with Rangebars) is that you have to be glued to your screen as price can make rapid movements when changing direction. As I understand you trade fulltime so it probably fits into your daily routine. How do you get on with it?
  • #506
  • May 11, 2017 4:21am May 11, 2017 4:21am
some little winners from today. EURGBP and GBPJPY
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPJPY H4 (05-11-2017 1113).png Size: 73 KB
  • #507
  • May 11, 2017 4:33am May 11, 2017 4:33am
Quoting BataviaTrade
{quote} Thank you FlipFlop, I will definately consider those mentioned platforms. The disadvantage though with Renko (and I think also with Rangebars) is that you have to be glued to your screen as price can make rapid movements when changing direction. As I understand you trade fulltime so it probably fits into your daily routine. How do you get on with it?
It can be time intensive and it's definitely an intraday strategy but as you say, I do this full time so it gives me the freedom to watch the charts when necessary. I have defined routine and stick with it.
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  • #508
  • May 11, 2017 9:03am May 11, 2017 9:03am
I can't remember such a quiet night for my usual staple but that can happen. As mentioned earlier, I was cautious of GBP pairs due to the data releases and both were not kind for the Pound which has copped a beating today, especially GBPAUD.

Post US data, GBP drifted towards a key level as seen here:

Attached Image (click to enlarge)
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On the pip range chart, a good setup formed:

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  • #509
  • May 12, 2017 7:52am May 12, 2017 7:52am
Probably the last trade of the night depending on how the next 30 minutes go. Plenty of volatility post US data which wasn't fantastic for the dollar saw most pairs pick up in movement. GBPAUD has been peppering key support (same theme as GBPUSD given their very close correlation) and I was holding out for fresh lows for the day around 1.7365 and stepped in at 1.7366. The target was just below the last bearish pinbar and got some positive slippage for a good +17 trade.

Attached Image (click to enlarge)
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  • #510
  • May 15, 2017 10:26pm May 15, 2017 10:26pm
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  • #511
  • May 18, 2017 7:30am May 18, 2017 7:30am
I missed this setup which is a little frustrating but haven't felt the best today with a family cold being shared around. However, always worth noting good setups to remind yourself what to look for/react to:

Attached Image (click to enlarge)
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  • #512
  • Edited 3:58pm May 18, 2017 12:41pm | Edited 3:58pm
Quoting FlipFlopGC
I missed this setup which is a little frustrating but haven't felt the best today with a family cold being shared around. However, always worth noting good setups to remind yourself what to look for/react to: {image}
Speaking of missing trades, it happend to me as well today because of my day job. Well done on the trades you did catch. Seems you are doing really good. I found this system so far to be pretty succesfull in terms of winner%. If we are not to greedy we can easily make 10-15 pips on a single pair. Get better soon Flipflop!
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  • #513
  • May 22, 2017 5:50am May 22, 2017 5:50am
Chancellor Merkel made some comments that pumped up the Euro and caused EURAUD to reach new session highs. I was in hindsight a bit too keen on the first entry and decided to try something a little different by setting a limit order at the level I was prepared to enter again. Checking the 1 hour chart you can see the high from last week and this seemed a logical place to try.

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The reason for the limit order was I felt it price was going to push higher, it'd do it quickly thus keeping a valid divergence setup where price made a new high and the AO didn't follow. I got an absolute peach of an entry and held it for +21 and exited the first trade for +3.

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  • #514
  • May 25, 2017 4:26am May 25, 2017 4:26am
First trade of the night has concluded and for the 4th consecutive trade it was GBPAUD. I entered at what I thought was a solid level at 1.7359 and then got blindsided by a 40 pip move in a couple of minutes. After price bounced higher off my entry I watched it very closely as it came back down and when the bullish pinbar formed again at the entry I closed the trade for -5. Hopefully they'll be some more positive setups later.

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https://flipfloptrader.com
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  • #515
  • May 25, 2017 11:19pm May 25, 2017 11:19pm
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  • #516
  • May 26, 2017 7:06am May 26, 2017 7:06am
First continuation trade for a while as there's been a lot of sideways movement with no clear touches of the Senkou Span. However, GBPAUD provided a nice opportunity. I waited to see the initial reaction as I think 1.7270 is a solid level and didn't want to sell into strong support and managed to get a better entry at 1.7286 and took my exit at 1.7276 for +10.

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  • #517
  • May 30, 2017 1:52am May 30, 2017 1:52am
Markets are moving pretty quickly this morning after the long weekend for some and GBPAUD has been particularly active. Price reached a potential level around 1.7205 and I entered at 1.72065. Used a reasonably cautious exit of +15 right before the Senkou span and will wait for further opportunities.

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  • #518
  • Jun 7, 2017 2:31am Jun 7, 2017 2:31am
Morning all,

A busy Asian session on AUD pairs due to a better than expected GDP figure and a couple of trades to get the day underway. First was a quick trade on GBPAUD that I didn't maximise on after seeing a bounce at 1.7120 I moved my stop to +12 from +20 and naturally as soon as I got taken out it zoomed down to the original target.

Attached Image (click to enlarge)
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Next up was a break of support on EURAUD that had been forming for a good few hours and once it broken, price quickly tumbled.

Attached Image (click to enlarge)
Click to Enlarge Name: euraud-m3-international-capital-markets.png Size: 42 KB
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  • #519
  • Jun 14, 2017 3:39am Jun 14, 2017 3:39am
A nice way to kick off the day with a solid win on GBPUSD for +20. As soon as I exited this trade I switched to a short as the setup is probably my favourite in terms of strength of accuracy. A double top and a sharply lower AO.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m3-international-capital-markets.png Size: 47 KB
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  • #520
  • Jun 16, 2017 3:26am Jun 16, 2017 3:26am
EURAUD provided a nice setup here with a double top in place and once the bearish pinbar formed I entered at 1.4706 and exited at +15 just at the low of the prior move. A very busy session so far!

Attached Image (click to enlarge)
Click to Enlarge Name: euraud-m3-international-capital-markets.png Size: 45 KB
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