Final trade of the night on GBPUSD. Price had found a level around 1.2365 area and I noted the trendline forming on the chart. Price broke clear of it and then came down for a retest which formed a double bottom. Took the entry and exited for a +21 ...

Divergence Pip Range Trading

Late start to the evening trading as it my son's graduation from Kindy. Yes there is such a thing! EURAUD had a fair size move down and found support and once price came back for a test, took the entry. Something I am trying to improve on is adding ...

Divergence Pip Range Trading

2nd trade and final one of the night with EURUSD. As mentioned above, I thought EURUSD had some downside potential and I was eyeing off 1.0650 area closely due to this chart: image Looking at the pip range chart, price made a higher high whilst ...

Divergence Pip Range Trading

A GBPUSD trade here with price resting on an MA on the time based chart and a nice setup on the pip range chart as seen on the chart. Price hit the same level whilst the AO went noticeably higher. Price had attempted to clear 1.2490 for a good 20 ...

Divergence Pip Range Trading

I'd been waiting for EURUSD to pop a little higher and eventually got the entry I wanted. I was watching it from 1.0630 area and very nearly entered but told myself price will come to the area and sure enough patience was the key. Area highlighted ...

Divergence Pip Range Trading

Another week upon us and Christmas is edging closer and closer! We've even managed to put the tree up already! Good start today with GBPUSD forming a double top and the AO going sharply lower. Low risk trade and a nice +27 pips to start the day. ...

Divergence Pip Range Trading

One of my number one rules is to never go in the same direction when trading correlated pairs. However, there are always exceptions to the rule/s. I entered this short whilst still short GBPUSD on the trade above but the absolute biggest factor was ...

Divergence Pip Range Trading

Didn't judge this trade all that well at all. Had stars in my eyes aiming for the low of the day around 1.2380 area given the range was so small at 44 pips. Should have taken my usual action and exited at the BRN at 1.2400. Ah well, will file this ...

Divergence Pip Range Trading

Hi Nick, Pip range or range bars is a form of charting. Time is of no concern, purely the range. I use 5. So only a new candle is formed once a movement of 5 pips has occurred. So on my charts, each bar represents 5 pips. That 5 pips could take 2 ...

Divergence Pip Range Trading

GBPUSD trade. Price since the Retail Sales had been in a fantastic range between levels: image Good setup on the pip range charts and felt once that little level gave way, price could accelerate lower which it duly did. +30 trade. image EURAUD ...

Divergence Pip Range Trading

Stepping back into EURAUD after exiting for -20 at 1.4368 at 1.4380, looks a better opportunity.

Divergence Pip Range Trading

Out for -20. Doesn't look like slowing down, will look for fresh opportunities. Chart to follow.

Divergence Pip Range Trading

Here's the trade. Took quite some time to develop and didn't watch it to the end but woke up to see a good result. Felt the 1.4320-40 area was strong enough to hold and whilst it did pop briefly higher, it was brought back into line reasonably ...

Divergence Pip Range Trading

I had a further EURAUD trade last night which I'll post later when home from work. Very similar setup to Tuesday night.

Divergence Pip Range Trading

Got a good start to the day with GBPAUD. GBP running very strong against the AUD and reached a range of 140 pips by London open. London can be an excellent time for a reversal or a continuation of the trend and I waited for a direction. Price closed ...

Divergence Pip Range Trading

Very strong GBP versus weak AUD. image

As simple as possible: 00 level trading

The short EURAUD has finished. Firstly, a chart of why I wanted to get short EURAUD: image That's a crap load of interaction with a level. For me, that is an absolutely golden area to look for a short. Whilst the level will eventually break the ...

Divergence Pip Range Trading

Didn't have any further trades last night but looks liked I missed a great trade on GBPAUD. Started off with GBPUSD today, had marked 1.2400-1.2420 as a potential area for a long and got a little too eager and entered too soon first trade. However, ...

Divergence Pip Range Trading

GBPUSD continues to be my friend and a good start to the week. I got home from work and price was around 1.2490 area and was sorely tempted to enter but for a change I had the patience and waited for the level I was looking for. I felt 1.2460-65 was ...

Divergence Pip Range Trading

Better late than never. Took a cautious entry given the Pound's rampant run against all majors. Waited for price to close beneath the cloud and followed price down to close to the BRN and netted +43 pips. image Looking forward to a good week.

Divergence Pip Range Trading