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The Pip Range Bar Continuation

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  • #161
GBP getting a real pasting at the moment on all fronts. Whilst this fell short of touching the edge of the cloud by 0.2 of a pip I was happy enough to take it on and closed for +11.5.

 

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  • #162
After the mixed UK data, GBPAUD began to edge lower and carved out a nice continuation setup and after several close misses, finally relented and closed for +12.

 

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  • #163
GBPAUD presented a good opportunity going to the top of the hour and a good test to see if it could get to the daily lows. Closed for +10.5.

 

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  • #164
A nice way to round out a very tricky week with a win on GBPAUD for +13. Time to move on and focus on next week.

 

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  • #165
Not a perfect setup but one I was willing to trade and closed for +10.

 

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  • #166
Just the one trade for the session and a good way to end a very tough week.

 

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  • #167
A big drop from GBPAUD post Australian RBA decision and I was very tempted by this continuation setup. However, pretty much as soon as I entered it bolted higher. Closed for -17.

 

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  • #168
A good result here on EURUSD for +10 on continued USD strength.

 

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  • #169
GBPAUD looking at heading down again after a brief upside rally to begin the session.
 

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  • #170
Nice continuation on GBPAUD. I presume some headline may be behind the quick break lower. Closed for +14.5.

 

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  • #171
I got stung by this solid looking setup and at the time looked likely at continuing lower. Unfortunately UK open had different ideas and sent it higher for -16.

 

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  • #172
It took a while but finally got the mark and a good result on EURAUD. +12.

A tough few sessions lately but I know if I just keep grinding it out, the results will flow.

 

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  • #173
EURUSD walking higher on general USD weakness. Followed it up for +15.

 

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  • #174
GBPAUD providing a nice continuation after the UK open and held on for a little longer than usual and closed for +17.

 

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  • #175
A relatively straightforward trade here, closed for +12.

 

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  • #176
Wow, now that's a nasty stop. Looked a nice continuation but reversed hard and just by the smallest fraction of a pip, stopped out.
 

martin100181

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I hesitated over this trade, in the back of my mind was the ever present thought that GBPUSD had hit the ceiling and had the potential to go down to test the previous mini level at 1.2918. I ended up using half risk. Two trains of thought for this trade. One, I'm glad I used half risk and the 2nd being I should have listened to my initial call.

Also worth noting, it was extremely difficult to choose the stop. I used a 15.5 pip stop at 1.2914 (below the mini level) but I felt wherever I placed it, price could flush it out before returning higher which is exactly what is currently happening. The low of that move was 1.29128 and now bounced back into the 1.2920 area.

Hi John, I started reading your posts in another forum and now jumped here, wich is a great forum, plenty of information.

I have a couple of questions, hope you can make some time to clarify this to me:

1 - How do you manage when, in cases like this, divergence is telling you to go short, and Ichimoku strategy is giving you an entry to go long?
2 - How do you draw those boxes? I mean how do you define the levels.

I have a lot more, but... step by step

Thank you!
 

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Hi John, I started reading your posts in another forum and now jumped here, wich is a great forum, plenty of information.

I have a couple of questions, hope you can make some time to clarify this to me:

1 - How do you manage when, in cases like this, divergence is telling you to go short, and Ichimoku strategy is giving you an entry to go long?
2 - How do you draw those boxes? I mean how do you define the levels.

I have a lot more, but... step by step

Thank you!
Hi Martin,

Thanks for joining.

To answer your questions:

1) Generally speaking I'd follow the continuation method before entering a divergence trade. Especially so in strong trends as you'll get multiple divergences appearing and it can be tough to know what to follow.

2) Not 100% sure what you mean by this? Define which levels?
 

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  • #180
Good start to the week with a +11 on GBPAUD continuation. It's been a consistent downswing for the Asian session and followed on briefly to the start of the Euro session.

 
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