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Old 28-09-2006, 18:06   #729
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Re: SFX Divergent Daily Advice

I didn't take it ina bad way Nat. But I certainly welcome any all criticism as well.

That WAS a hell of a dizzying rollercoaster ride. The best advice I got during that ride was you telling me to take some money out of my account once it hit 10K. Of course I ignored that. poof I learned how to go a few hundred dollars to $15000 then all the way back to zero in less than 8 weeks. :-)

-SFX
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Old 28-09-2006, 20:43   #730
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Re: SFX Divergent Daily Advice

I'd like your input on GBP/USD SFX. Care to share what you feel is in cable's future?
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Old 28-09-2006, 21:16   #731
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Re: SFX Divergent Daily Advice

Well Woodl sometimes you don't know other times you just can't tell. :-)

Longer term it looks to be pretty heavy. I'm not seeing significant bullish divergence on the higher time frames she's been trending south lately at a pretty good clip so I really wouldn't want to buy unless there were some spike rejections trendline breaks. We might get a little retracement here but who knows? I also wouldn't sell right here either but that's just me. I might wait for a retracement north in order to sell again. Right now I'm unsure so I'm staying away this one. Maybe if she breaks 8720 we should at least get to 8660-8680 no?

Sorry to be of no help whatsoever!

-S

p.S. What do you think?

Last edited by SoundFX : 28-09-2006 at 21:18.
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Old 28-09-2006, 21:22   #732
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Re: SFX Divergent Daily Advice

I'm very unsure on this p. I longed up around 1.8900 will hold onto it until she rebounds whether or not this will be soon I don't know but I may hedge the position if the trend is down. Thanks for your help.
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Old 28-09-2006, 21:35   #733
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Re: SFX Divergent Daily Advice

Its a toughie WR but the way I would have traded it is to have gone long with a lite position at 8900 then buy a little more on a break of 8780 with the intention of getting out with a profit where my initial position was entered. If it drops further there will likely be another great buying opportuninty to add to the position to get out profitably at THIS level. That's just me.

Sometimes though you've got to bow out when the trend is superstrong. There are always plenty of other opportunities to get back in make your pips back. Always bet small small small. Sometimes its tough when you think you have to trade every day but often I'm finding my ability to st aside is growing I really like to start building a position when the stars really align so to speak.

-S

Last edited by SoundFX : 28-09-2006 at 21:38.
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Old 28-09-2006, 22:10   #734
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Re: SFX Divergent Daily Advice

Ye olde USd/JPY short looking better better.
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Old 29-09-2006, 08:04   #735
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Re: SFX Divergent Daily Advice

Quote:
Originally Posted by SoundFX
Atomized just looked at your charts. We must have a different view of which divergence is the "right" divergence. For example in your post on the previous page I would not have traded that as the peaks were too close a little insignificant for me. If I'm looking at a time frame like 30M I want to see something signifivant perhaps spikes with divergence or large troughs. Its very subjective but takes time.


SFX yeah was looking at your charts it seems u prefer to trade double or triple divergence instead of just the first instance of divergence would i be right ?

Seems i wasn't so clever bailing out of that cable short after all !!
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Old 29-09-2006, 09:19   #736
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Re: SFX Divergent Daily Advice

Divergence is Evident on All t.f's for USD/JPY M10-Hr4................... still the sucker doesnt' wanna go down!!!!!!!!!

THis is IM w5 which is very tricky very hard to trade.
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