SFX Divergent Daily Advice

[SoundFX]

Hey Everyone.

Thanks for the sentiment! Yes I've been away lurking...still trading away but not posting as I've been very busy at work this holiday season. Luckily the work has been very lucrative so I put my trading on the backburner. Also I find that most of my trades are placed based on existing conditions so I feel they aren't a whole hell of alot of help to folks unless they are following the thread minute by minute. A real-time chat room would probably help but I'm in no position to set that sort of thing up as my work takes precedence over trading.

However I will try make some divergence suggestions when I can as work has slacked up a bit. These days while I'm still apt to take trades based solely on divergence when the conditions are too pretty I usually wait for a little market confirmation in the form of momentum thrusts trendline breaks as well. So when a good opportunity arises that I'm going to trade I'll happily post it for everyone to see. Made about 30 pips today trading CHF GBP CAD. Small trades for 10-20 pips as this week promises to be slower than the norm due to the holiday the lack of news. AS for indicators the only I like to use are the 20 50 CCI on 5M charts the 15 60 CCI on 1M charts (great for 10-20 pip trades).

Right now I'm bracketing the EUR at 2840 2812 with each trading acting as a stop for the other. Could prove costly if the markets get whippy but considering the spike we just had it seems a small risk. I might bracket the GBP CHF around the same spike. I'll post a chart in a sec.

-SFx

[SoundFX]

Here's just a EUR chart. Probably dumb to trade a holiday JPY session but what the hell. I'll bet larger when the odds are better...namely the US session /or next week /or under better conditions. Small bet here.

-SFX

[SoundFX]

EUR short still open last night. I'm beginning to sell GBP as well at 8980. No stops yet. Looks like a nice move is setting up. Don't know which way but I'm guessing south. Gotta be prepared to jump that ship if necessary though as she has broken trendlines to the upside on short term charts. We'll see.

[SoundFX]

EUR short still open last night. I'm beginning to sell GBP as well at 8980. No stops yet. Looks like a nice move is setting up. Don't know which way but I'm guessing south. Gotta be prepared to jump that ship if necessary though as she has broken trendlines to the upside on short term charts. We'll see.

[woodland-realm]

Good to have you back SFX!

[SoundFX]

Thanks WR. Sold more GBP at 50. Sold EUR 2950. Scaling in to Short both.

[woodland-realm]

What's your opinion on GBP/CAD? I don't watch this p much but it look nice on the RSI for a short.

[SoundFX]

I don't know WR. My charting software doesn't allow me to see GBP/CAD! Ah well.

I've something new to offer the thread though. I'm closing my GBP short for a loss. No biggie. Just a small bet a WRONG one. I've learned over the years that you won't always be right so sometimes its best to let the trade go in favor of a better opportunity. Anyway this thread has been more of a journal to date. Thus...

As some of you may know I developed a mechanical system called EZ Bake a while bake which has proven very lucrative. I tend to revert back to divergence trading often but EZ Bake is consistently profitable month to month is soooo easy to trade so I aim to offer the signals for EZ Bake each day at 9:00 AM. It places one trade per day. I've revised the system to take out some of the losing whipsaw trades. I only trade the GBP/USD though it seems to work well with CHF EUR. GBP offers the biggest moves though. This month it generated 647 mechanical pips in the GBP.

Enclosed below is a chart of the months price activity on a 30M basis for folks to see wether utilizing such a system might be worthwhile. It doesn't show entries but I just wanted to demonstrate how many pips it can make based on the price action of the market which has varied nicely. We've had a bit of trending a bit of ranging mid-month. It fares well in both best in trends of course. The premise is built on trading at the right time of day...namely the prime news time which is usually 8:30-9:00AM US eastern time.

Hopefully this will be of more benefit than my previous trades which were based on scaling in to positions at time building on a loss. This works for me as well but probably not for those following this sort of thread. Hopefully EZ Bake will rejuvinate things.

Hapy trading people...until tomorrow.

-SFX

P.S. Being that tomorrow is Thankgiving I may not enter an order depending on the sluggishness of the market. Today's signal was to go long at 9149 with a stop at 9108 though I don't recommend anyone take that one now. Below are the EZ Bake pips for the last month

+52
+28
+39
+9
+80
-25
-40
+10
+56
-30
-35
+105
+92
+109
+13
+26
+82
+86