Here's a scenario on GBP/CHF. It seems that the formation is symmetrical so far, and there's a chance that it might become a diamond. The diamond hasn't formed yet, so it's a risky trade. I have my stop outside the day's range below the high of the ...

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Yes there was a smaller divergence on M15 but the R:R wouldn't have been as sexy. Hey, you are a full member now! I forgot to put the TP with my EURGBP order, and thus I had to close the trade manually, you can see the closing point on the chart. No ...

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Looks like we have a comb like formation on EURGBP, which coincides with a wedge formation. This is going to be my first attempt to trade a comb. Also since the wedge formation is pointing down, it only makes sense to trade the break to the upside, ...

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The price posted a low at 0.9670, and that means that the new stop would have been 50 pips, which I found unacceptable and thus removed the reverse order. I was stopped out shortly thereafter. image

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Was almost stopped out, and the week even changed it's main move to down, so technically it's not even a 18.4 anymore. This is purely luck, as I placed the stop a bit further below the week's and October's low, because the spread at the time was 5 ...

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Just sold USDCHF on the break of a TL. Stop above the current day's high. No reverse planned. Not exactly sure of a TP yet, but I'm putting one at 0.9615 which is based on ADR, just in case the price gets there, though I doubt that. The trade is ...

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Just applied 18.4 on USDCAD on the basis of a weekly 18.4, with a stop below the month's and week's low. You can see the entry and the stop placement on the charts. Current 12AWR at 53%. image image Also there's a divergence on H1 pointing to ...

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I hope you have some weapons to protect it with, as nobody will care who's name is on it if all of the financial system goes down! We'll have anarchy all over the place.

What if the dollar crashes?

After the fact: Not sure if this was the case, but it looks like we had an early Asian session 18.4 on USD/JPY. image As for the diamond, in the end this is how it looks like: image By the way, if we take the red border, and put it on the low of ...

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I think it is important to consider the formation as a diamond if you are able to define it, as inside the diamond there's information encoded which tells you the probability in which way the diamond will get broken, given that the diamond is a ...

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Got stopped out. So perhaps this was not a diamond at all, and simply a triangle. Next buy order - 80.45 with stop at 80.20. It is based on symmetry and I think visually, from the chart in my previous post, it shouldn't be a problem to figure out ...

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Hey Bdan. Thanks for the kind words. Good job with ending the lurking, just make sure you don't stop posting! I'd suggest you start your own journal, as I have found it's one of the best things a trader can do. As for the progress of my account, ...

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It extended upwards more than the entire length of the main diagonal. image

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Got stopped out at break even on my EUR/USD diamond break-out buy. image

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Looks like the diamond's borders are defined now. It looks a bit rough, but I can treat the right side as a triangle on it's own. If I'm not mistaken the diamond is a single diagonal one, though it looks a bit similar to a dual-diagonal. The main ...

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Putting a sell order for GBP/JPY, as it is approaching the upper border of a possible wedge, and the bottom border has three touches already. Entry at 132.074, SL - 25pips, at 132.324. No reverse planned yet as, #1 it will require a stop inside the ...

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Here's the outcome. The only reasonable place for an intraday stop was above 64.3, and as we can see it was penetrated by a few pips some time after the brake, thus the spread would've been probably stopped me out. The M30 divergence is not filled ...

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My EUR/USD trade on the other hand is not doing so well anymore, however, I have the stop at break even, and with the EUR/AUD trade I have all of my losses over the past 4 weeks covered, plus I'm a little bit in profit. Feels good. So, I'm not ...

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Decided to manually take profits at roughly 1.386. The pair is at 138% ADR already. When I entered the EUR/AUD short, I did not immediately realise that with my EUR/USD buy trade, mathematically it was the same as if I went long on AUD/USD. EUR/USD ...

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Moving my stop just behind the border. It is not exactly break-even but it's close enough so I could not worry about it. Not that I think about it, 1.38 might be a bit too optimistic. The day's range extended to 110% today, so perhaps I already had ...

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