DislikedThis is exactly my problem. I remember that discussion. In the chart in that thread, I saw price moving within a channel, ready to continue up or to break out. Traex (the person who posted the chart) saw there a text-book head and shoulders. You saw the diagonal diamond. As you are more experienced, I assume that your view has more chances to be correct, however, I'm blind re. how you arrived at it. Is there any way for you to post a diamond drawing on a weekly cable chart? ?Ignored
Meanwhile, your capital is tied down to this position. Don't we want to find the time frame which would be optimal for the time we are ready to invest in trading.
After the market moves in your direction for a hundred pips your position will be supported by a floating profit. (to meet margin requirements)