Seems that we still might have a diamond on EUR/USD. Inside the diamond might also be a channel, though it's too early to tell. The two lines are almost fully parallel. image image

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Broke in the opposite direction of the main diagonal, looks like it was legit, though it did not offer any opportunities to trade inside. image

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Buying NZDJPY at 60.61, SL- 60.47. Not reversing. There's an unfilled divergence pointing to 61.30, plus the upper border has 3 lines so there's a good probability that we'll see the top border broken and the divergence filled soon afterwards. And ...

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If we don't get the upper border broken then we have a beautiful setup coming up on USD/CHF. The two lines are completely parallel (and I mean it), the move sequence is correct, and it is pointing upwards thus giving a nice long opportunity, and the ...

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A mental exercise. Step #1. Connect the two highs surrounding the middle high. image Step #2. Put the line on the chart with a round number image Step #3. Draw another line from the same starting point, with the same steepness but to the ...

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Still might be a diamond. image

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Looks like there's a diamond like formation at the bottom. I dislike the steepness of the left bottom border. Watching only. image

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Yup, that horizontal line was probably a better shot. Nothing else to do now except to watch for further development. If we get the bottom formed then the diamond will most likely offer a few more trading opportunities. image

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Was stopped out on my EUR/USD buy. This is what I get for trading such formations this early. Still think that this has chances to become a diamond. One of the possible scenarios is this. image As for my AUD/CAD trade, well, there it goes. The ...

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My AUD/CAD trades hit their SL's. My mistake was to trade this pattern while it had incorrect move sequence. Also this split risk thing made it harder to reverse, I should consider it's application more carefully next time. image Also since Andre ...

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Here's the thing with EUR/USD. The bottom border(yellow) of the right side of the possible diamond is almost symmetrical to the top border of the left side, if I connect the TL to the low of Sept 28 as shown in the chart, AND the bottom border of ...

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Beautiful development with AUD/JPY. The bottom border of a possible wedge has fully formed. Does this mean that as we observed the third touch we can enter and place a stop below the low and we're good to go? I don't know the answer to that yet and ...

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AUD/CAD has a fully formed wedge. It also has a divergence on H3 pointing to 0.9983 which I'm using as my TP. Two trades with split risk: Sell at 1.00729, SL1 - 1.009, SL2- 1.0105. The SL's are not outside the day's range. Because of the two split ...

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Some MT4 brokers have non tradeable currency pairs with the names like EURUSD_avg, where only the middle point of sell+buy prices is recorded. My GBP/USD trade is my first trade that reached it's target based on a divergence. I remember Belekas ...

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Actually there's another thing I'm not satisfied about MT4, for the reasons that I explained here. MT4 records the price at BID line. In other words, the price that you see in your MT4 on the charts is always bid(sell) price. The effect gets more ...

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I thought I posted about 18.4 on cad/jpy but it appears I did not. It looked like it was one, though it did not go anywhere. A stop moved to BE shortly after entering would've saved the situation. Alternatively, the market would've changed the MM ...

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Hey Jcpfx, I'll try them out sometime for sure. But definitely not with every trade. And I'd rather trail my stops behind technical levels

Unimportant fellow's equally unimportant journal v2.0

Some non-traded intraday action on EURGBP. If to sell on the third approach of the top border two nice options for a SL were present: 12 pip stop above the day's high or a 7 pip stop above the 2nd approach. A break of the bottom border offered a 20 ...

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With the trading day soon coming to an end, I'm putting the stop loss at break even. I don't remember the last time I moved my stop after the initial entry. image

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"Our IT department has investigated the 'spike' and determined that it will not be removed since OANDA is a market maker and that was a valid price for brief period of time. Since OANDA honored the trades executed at that price that price will ...

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