SFX Divergent Daily Advice

[SoundFX]

Gonna try a little experiment here. Buying USD/CHF at 2516 with a tight stop at 2503. Just a theory.

[andromeda]

Hi

Am new to this site but really like your divergence thread its great

Link attached to Nqoos site some great examples & explenations of divergence

http://www.trading-naked.com/Divergence.htm

Andromeda

[SoundFX]

Thank you, Andromeda! Fantastic resource. The yen crosses are screaming down. Yeeha!

[SoundFX]

You guys ever watch "Deal or No Deal" on NBC? So much fun to watch people who have no idea of the odds, giving up several hundred thousand dollars for the 20-30% chance of making a million. Duh! Take the deal! Sad when some folks go from $200,000 to $20K in a few minutes. Eek. Reminds me so much of trading, whereas hope overrides logic until the trader is left with little gain and most often a loss.

-S

[SoundFX]

I'm cashing out of USD/JPY at 117.20 for now with nice profit/ Looks shortly oversold to me at this level. Yeehoo. What a nice day overall.

-S

[SoundFX]

Gonna close out my NZD/USD for +10 pips for now also, just to be safe. 10 pips sucks, but nothing to scoff at.

[woodland-realm]

SFX, still short GBP/USD?

[SoundFX]

I still am, WR, though that position is halved in comparison to others I have, in trying to create a balanced portfolio at any given time. I'm short yuppie, short EUR, and long USD/CHF, with a tight stop. Things are looking a bit squirrely right now though, so I may change things up shortly. We'll see. I try to vary my postiion size in each market in accordance with my view on how sure I am of the market moving in a certain direction. I feel its crucial to position oneself in accordance to one's surety of success in a given direction. I always trade smaller when I'm less sure. Then I build upon that. That's what I've done in the GBP. Just one little short for now. To sum up, bet small when you're not sure, and load the boat when the stars align for a trade.

-SFX