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 ...

Divergence Pip Range Trading

Very tempted by EURAUD again but gut says this is going to pop higher after failing to break lower. Have a good weekend everyone.

Divergence Pip Range Trading

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 ...

Divergence Pip Range Trading

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 ...

Divergence Pip Range Trading

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 ...

Divergence Pip Range Trading

3 hours later, finally a result. I initially entered the position due to price being somewhat in a channel whilst the AO went lower. Turns out I entered around 5 minutes before GBPUSD spiked higher on the back of no apparent news. However, there was ...

Divergence Pip Range Trading

Been in a position for 2 hours and no result yet, testing trade.

Divergence Pip Range Trading

Here's the chart for the above. I took the trade around 15 minutes prior to the news on the basis I'd exit for a small loss pre news or if it allowed it, move the stop to breakeven prior to the release. I got into the position to get to breakeven ...

Divergence Pip Range Trading

Small 5 pip loss on GBPUSD from slippage due to the news. Had my stop at breakeven prior but the quick move down cost me. Will post the chart in the morning.

Divergence Pip Range Trading

Not a regular poster here but this was a beauty of a trade. Perfect break of daily lows and the AO turning. image

Trading with range bars ichimoku cloud & awesome oscillator

First trade of the night post UK news. The data was mixed with the Earnings index missing but the Claimant count change beating expectations. I felt price was massively overdone and once it reached 1.6170 it became too good a setup to not take. ...

Divergence Pip Range Trading

Hi Fractalus, that was a great setup due to where price was approaching. You can see on the 1 hour chart that that level had seen price react several times and I am a firm believer that patterns repeat. Divergence confirmed there was a possibility ...

Divergence Pip Range Trading

Hi Fractalus, which trade are you referring to? All of the trades I've posted are divergence only setups, remember.

Divergence Pip Range Trading

Hump day is here! (Seems like yesterday I said that last week.) A very, very quiet Asian session and we're heading into the UK session with all pairs that I watch doing absolutely nothing. Hopefully the news will liven things up.

Divergence Pip Range Trading

Missed this trade as I was doing other things but always good to have a look at successful (and unsuccesful) setups. Price had dropped considerably on the back of missed CPI data and hit a key level: image And here's the pip range chart: image

Divergence Pip Range Trading

Again, not a massive trade in terms of pips (+12) but sometimes you have to adjust to what the market is doing and for the last couple of weeks, EURUSD has been in a very tight range. Today is only pushing 40 pips so far and yesterday was 66. The 20 ...

Divergence Pip Range Trading

A small trade here on GBPUSD right before UK open. Price had been hovering around 1.2545 for a while and price lacked momentum and felt there was a good chance it could head lower prior to UK news. Only took +15 but with a smaller stop it was ...

Divergence Pip Range Trading

Calling it a night with no prospect of further trades. Looks to be a busy week with plenty of data being released that has the potential to create some solid movement.

Divergence Pip Range Trading

A pleasing trade here on EURAUD as it took commitment to enter the trade when price was ready to make new daily highs. This is when you have to back yourself and your strategy and believe. Price could have gone higher but based on the information at ...

Divergence Pip Range Trading

A reasonably quick trade here on GBPUSD. General USD weakness across the board and the pair made fresh daily highs into the start of the UK session but met with an area of confluence and a nice setup of the AO making lower highs and price going ...

Divergence Pip Range Trading