SFX Divergent Daily Advice

[SoundFX]

Originally Posted by SoundFX

On your hourly chart for example the point of divergence is around 8880 for Cable. I will say absolutely that you can go long Cable right now be assured of getting up to at least 8880. Will that happen today? Probably not but perhaps tomorrow or next week. Its a waiting game a money management game. At least that's how I like to play it.

Just wanted to refer people back to my "point of divergence" idea post #725 on 9/28. Cable got to 8878 today will surely press onward. Like I said at the beginning of the thread the idea is to start building a position at a certain level continue building as the market moves against you theh momentum wanes. Cable would have been a nice trade. Instead I was stuck in USD/yen USD/CHF both of which finally relented today.

-SFX

[woodland-realm]

High tight flag on pound SFX? Is it another good longing point?

[Mafioso]

What is ur target for the Yen Sound? It was a great call BTW.
I also agree with ur theory.

[SoundFX]

Yes WR! She may drop a bit through Asia but she's showing all signs of jumping up sticking like glue to the ceiling which portends higher prices.

Mafioso thanks we'll see where she goes. My initial target was 117.10 but I already got out of most of my position with a nice profit. I'll have to look at the charts for bull div to really get out go the other way. But to me its looking healthy to the bear side still.

[SoundFX]

Pound is definitely looking like she'll be on her merry northward way. Buying here at 63 with absolutely no stops.

[SoundFX]

Just thought I'd share something I've brought up in the past...something I've learned about certain price behaviors in Forex.

[joeblack]

close last gbp at 8868 +120 pips. short eur at 2740

[SoundFX]

What's your reason for the short Joe? Just curious.

-S