We present a set-up for time-resolved X-ray diffraction based on a short pulse, laser-driven plasma X-ray source. The employed modular design provides high flexibility to adapt the set-up to the specific requirements (e.g. X-ray optics, sample environment) of particular applications. The configuration discussed here has been optimized towards high angular/momentum resolution and uses K α -radiation (4.51 keV) from a Ti wire-target in combination with a toroidally bent crystal for collection, monochromatization and focusing of the emitted radiation. 2 × 10 5 Ti-K α1 photons per pulse with 10 −4 relative bandwidth are delivered to the sample at 10 Hz repetition rate. This allows for high dynamic range (10 4 ) measurements of transient changes of the rocking curves of materials as for example induced by laser-triggered strain waves. PACS numbers: 78.47.J-, 61.05.C, 63.30.dd a) Klaus.Sokolowski-Tinten@uni-due.de