IvanLabrie
Long

EURUSD: Low risk long entry

FX:EURUSD   Euro Fx/U.S. Dollar
2015 41 36
The downtrend has been corrective, based on the sluggish pace and the internal structure.
We didn't get the selloff I expected.
Enter long now, stop under the lows.
Risking 2.5% on it, closing 75% once I match the distance to the stop.

Good luck,

Ivan.
Will go long at 1.0855, the .786 retracement
Reply
As you wish.
Reply
Hi Ivan,

What do you mean by 'closing 75% once I match the distance stop'?

thanks,

Rob
Reply
Closing 75% of the position, to make the trade risk free without moving the stop. But only after the trade travels the same distance as the distance from entry to stop, in profit.
Reply
Robski PRO IvanLabrie
Understand. Thx!
Reply
Just sit and wait in this one. If not stopped, we can hold it through this month and mid September.
Reply
Thank you for the idea.. I am with you on this. Time to pull up the socks!
Reply
I think there was a brief second where you could have actually been almost completely risk free here. Missed it by a couple of pips. We'll live.
Reply
IvanLabrie PRO Tom_Killick
What do you mean?
Reply
Don't worry, I read the situation wrong. The optimal entry is actually almost right now :-)
Reply
IvanLabrie PRO Tom_Killick
Looks like it, right?
If it breaks under this low, then I've read it completely wrong.
Reply
Don't think we read it wrong, just bad luck

Tom
+1 Reply
nice work bro.
+1 Reply
Thanks!
Reply
I closed my position and made 0.75%.
I'll reenter as soon as possible. Don't want to sleep on any trade for now.
Reply
moorekapital IvanLabrie
Thanks, Coach. I made 1.25% ;) Just closed all
+1 Reply
IvanLabrie PRO moorekapital
Good!
We can take a more confident entry once crude reverses for good.
Tomorrow's NY session will be critical.
Reply
Marvin IvanLabrie
Thank you Ivan. I followed you and made 1.5%. We all appreciate what you are doing here. I've only been on this site for ca 2 weeks and I'm amazed at how active you are. Well done mate.
+1 Reply
discman24 IvanLabrie
Closed the position with 100 pips in the pocket. Great call!
Reply
I've also closed all my EURUSD and EURGBP long positions. Thinking that there could be one more dip for EURUSD to complete an ending diagonal pattern, maybe towards around 1.0790
Reply
IvanLabrie PRO colinsheen
Yes, it's possible this is an ABC...it can also be a 1-2,i-ii...I think US jobs data might push it down.
I'll watch it.
I can smell the top in the dollar, but would rather play it safe.
Reply
Big dip now.. Time to find a spot to re-enter. Anyone?
Reply
Pips are pips!
I went short and banked a bit too.
Now waiting.
Reply
discman24 IvanLabrie
Waiting for the next dip to re-enter. Thanks!
Reply
Move up is in question. I'd pass for now.
Let it prove itself.
Can be ABC, or 1,2-i,ii.
+1 Reply
discman24 IvanLabrie
Good call.. will try to learn from your charts.
+1 Reply
I find the EW analysis useful, but more in retrospect.
I use time at mode, learned from Tim West. Check out his charts and chatroom here.
Reply
discman24 IvanLabrie
Okie.. Will look into them later.
Reply
(Went long again, as per my EURNZD/pair trade chart.)
Reply
closed long, waiting.
Reply
IvanLabrie PRO PooyaSalehipour
That is a very strange wave count mate.
I agree on having a retracement soon, but a bit higher, say 1.115-1.12.
+1 Reply
Going pretty well right now :)
+1 Reply
If long booking 75% of profits and moving stop to break even is a good idea right now.
Reply
Careful, looks like we have a new 13 week mode down = trend is down.
Advance has been to slow, I'll continue to update the Madam Y idea, since it's her turn to rock the markets tomorrow.

snapshot
Reply
snapshot

New 13 week mode lower!
Trend is still down. I suspect Yellen will send this one down tomorrow.
I'll update with shorter timeframe charts next.
Reply
IvanLabrie PRO IvanLabrie
Sorry, repeated comment...Feel free to erase it mods. Thanks.
Reply
moneymaking IvanLabrie
Yes, everyone is waiting for tomorrow's Federal funds rate. Hey Ivan, do you close all your open positions, before a news this big?
Reply
BULLSEYE!!!
Reply