SFX Divergent Daily Advice

[rharris60]

Hey sound - love the trade calls but was wondering how you determine when to take profit. By the way - could you post some charts show us mortals what you're looking for?

[woodland-realm]

SFX are you still holding on to those short positions?

Also what are your predictions for EUR/USD?

[SoundFX]

Hey Guys

Here are a few charts. Yes I'm holding these positions as I'm not seeing any reason to change right now. Woodl-realm....cool name!

Here are charts of CHF JPY GBP vaguely why I entered them. These are 15 30M charts for better illustrative purposes. My trades were initially made on 5M but are more easily apparent on longer term.

BTW since I'm short the USD/CHF which is essentially a reciprocal of the EUR/USD then I'm bullish the EUR for now but I don't make predictions...I only react to what the market is doing at the moment usually within the New York session since I'm awake then.

Here are the charts.

Happy trading!

-SFX

[SoundFX]

Rharris 99% of the time I look to reverse on signs of opposing divergence. Simple as that.

[SoundFX]

BTW Woodl note this EUR chart the behavior associated with it. The bullishness of the chart is clear. What we don't know is how LONG this bullishness will last. This is a 5M chart. May last through tomorrow morning maybe for days or weeks. I only trade day by day though. Enjoy!

-SFX

[woodland-realm]

SFX I'm short with you on USD/CHF. Hopefully bring in some pips tommorow.

Are you holding any stops or limits on your positions?

Opened @ 1.2370
TP at 1.2300
SL trailing at 20 pips

I will reconfigure tommorow morning to see how USD is running then take off the trailing SL watch...

[SoundFX]

No stops or limits for me WR. I'll let the market tell me what to do. Sitting with a 200 pip profit right now not per-lot but overall on the trades since journal inception. We never know what tomorrow will bring.

-SFX

[SoundFX]

High tight flag example for EUR