SFX Divergent Daily Advice

[SoundFX]

More bearish divergence for the CHF. Yippe skippee.

[SoundFX]

Sold a buttload of USD/yen at 42. She's screaming "I'm not worthy! Sell me now!!!"

[Atomised]

After all the blood sweat and tears me short cable (from 1.8991) is finally paying off, knew the 4 hr and 1 hr divergence wouldn't let me down even if things did get a bit too hairy for my liking !

[SoundFX]

Good news, atomized. I often have to sweat hundred+ pip moves against a position like that when trading a higher time frame. Gotta bet small. Nice work!

Still short CHF and USDJPY on this dreadfully boring day. Will be holding this one until further notice.

[Atomised]

Thanks SFX i'm very tempted to bail out now, seeing divergence on 1 hr and 30 min indicating there maybe a bounce up from here but think i'll just leave a tight stop at 1.8901 for the mo, can't really complain about +90 pips now can i ?

Will just have to remember to bet small and try not to get too freaked out if it goes 100 odd pips against me !

P.S. USD/JPY sure does look a tempting short, loads of divergence on all time frames !

[kenari05]

Originally Posted by Atomised

Thanks SFX i'm very tempted to bail out now, seeing divergence on 1 hr and 30 min indicating there maybe a bounce up from here but think i'll just leave a tight stop at 1.8901 for the mo, can't really complain about +90 pips now can i ?

Will just have to remember to bet small and try not to get too freaked out if it goes 100 odd pips against me !

P.S. USD/JPY sure does look a tempting short, loads of divergence on all time frames !

can you post screenshot for divergence example

[SoundFX]

I'd post one if I could right now, Kenari. I'm at work unfortunately. Still holding short though.

[Atomised]

Originally Posted by kenari05

can you post screenshot for divergence example

Ok hope this helps. In both charts the white trendlines show regular divergence and the yellow shows hidden divergence, in this case you would've been better off ignoring the regular divergence and staying with the trend. The hidden divergence showed that the trend was likely to continue but i bailed out at 1.8901 !

SFX u say price always comes back to the divergence price, what makes u so sure of this, have u backtested this or what ?

Just wondering Kenari do u want the examples of divergence for Yen ?