Closed EURUSD for +15, chart to follow.

Divergence Pip Range Trading

GBPUSD trade has concluded. Price has been kept in check by the MA and it also lined up with the 1 hour chart also which is always a good sign. image Looking at the pip range chart, price had been hovering around the daily open level (black line) ...

Divergence Pip Range Trading

Long EURUSD from 1.0888 and short GBPUSD from 1.2253.

Divergence Pip Range Trading

Hi Ludo, You're trading the methodology of Rockypoint not actually divergence trading. Nice trade though.

Divergence Pip Range Trading

Well, EURAUD certainly moved higher! However from the look of the move and listening to Draghi's comments, it looked well and truly overdone. I won't forget this trade in a hurry, a big dollop of luck to get an entry at the very high of the move but ...

Divergence Pip Range Trading

On the sidelines until post news but EURAUD looks absolutely primed for a rip higher either pre news or from the news. No specific reason other than gut instinct. Will look for any opportunity post Draghi comments.

Divergence Pip Range Trading

You've sized completely incorrectly for a starter. 2% of 5k is 100. 100 divided by a stop of 17 pips is just over 5.5. 3 standard lots is $30 a pip. Let's say the trade loses, you've lost $510, a lot more than 2% or even 3.5%.

As simple as possible: 00 level trading

Late start today as I've finally fixed the hardware issue from a couple of weeks ago and back on the original setup. Looking for a short on GBPUSD if a setup presents and then will be watching EURUSD and EURAUD for a setup post ECB conference.

Divergence Pip Range Trading

Went to bed with the trade running around +10 pips and checked during the night and happy to see a good result. image Nicely done, Ludo.

Divergence Pip Range Trading

Short at 1.6037, will look to add around 1.6060 if it keeps going higher.

Divergence Pip Range Trading

Tempted by a short GBPAUD but hasn't quite set up correctly yet. Will give it another 15 minutes then calling it a night. Thanks for posting, Ludo.

Divergence Pip Range Trading

You can find one here. Never used it however so cannot vouch for its authenticity of representing Rangebars. Please let me know how you get on.

Divergence Pip Range Trading

I mentioned I was looking for a short on GBPUSD due to this lovely area of resistance at 1.2325 area on the 4 hour chart: image I waited 15 minutes post UK employment figures which were pretty flat and entered a touch too soon and then GBPUSD ...

Divergence Pip Range Trading

Quick result after posting which is always nice. Double entry in half sizes and as mentioned, would have averaged again around 1.4360 if the opporunity arose. As it was, didn't get there but good way to start the day. image Looking at shorting ...

Divergence Pip Range Trading

Currently short EURAUD from 1.4334, willing to average around 1.4360 if price rises.

Divergence Pip Range Trading

First trade of the day done and dusted on EURAUD. Price made substanially lower lows whilst the AO stayed flat. +25 pips. No more trades for a few hours as I have to go out, hopefully back for US open. image

Divergence Pip Range Trading

First trade for a while on 00 levels, I was originally targetting 80.00 but felt it could be quite the barrier and chickened out at 97.975 for +7 pips. Have a feeling it could roar past 80 if some momentum picks up but took the safe money. image

As simple as possible: 00 level trading

Final trade of the night on GBPAUD. I'd been watching this pair for the majority of the London session and looking for price to get to 1.5940 area. If I had to identify a 10/10 setup this wouldn't be far off. Look at the 15 minute chart and the ...

Divergence Pip Range Trading

EURAUD in a reasonably tight range going into the London open and sat right on a great area of multiple touches as evidenced here on the 15 minute chart. image On the pip range chart, price made higher highs and the oscillator didn't follow. ...

Divergence Pip Range Trading

First trade of the week. GBPUSD lined up a nice divergence with the osciallator and waited for a break of the trendline which also coincided with breaking the lows of the London open candle. +25 pips to start the day. image

Divergence Pip Range Trading