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.
AynCzubas
2 years ago
Will go long at 1.0855, the .786 retracement
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IvanLabrie PRO AynCzubas
2 years ago
As you wish.
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Robski PRO
2 years ago
Hi Ivan,

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

thanks,

Rob
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IvanLabrie PRO Robski
2 years ago
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.
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Robski PRO IvanLabrie
2 years ago
Understand. Thx!
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IvanLabrie PRO Robski
2 years ago
Just sit and wait in this one. If not stopped, we can hold it through this month and mid September.
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IvanLabrie PRO
2 years ago
snapshot
+1 Reply
discman24
2 years ago
Thank you for the idea.. I am with you on this. Time to pull up the socks!
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Tom_Killick PRO
2 years ago
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.
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IvanLabrie PRO Tom_Killick
2 years ago
What do you mean?
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Tom_Killick PRO IvanLabrie
2 years ago
Don't worry, I read the situation wrong. The optimal entry is actually almost right now :-)
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IvanLabrie PRO Tom_Killick
2 years ago
Looks like it, right?
If it breaks under this low, then I've read it completely wrong.
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Tom_Killick PRO IvanLabrie
2 years ago
Don't think we read it wrong, just bad luck

Tom
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rv
2 years ago
nice work bro.
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IvanLabrie PRO rv
2 years ago
Thanks!
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IvanLabrie PRO
2 years ago
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.
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moorekapital IvanLabrie
2 years ago
Thanks, Coach. I made 1.25% ;) Just closed all
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IvanLabrie PRO moorekapital
2 years ago
Good!
We can take a more confident entry once crude reverses for good.
Tomorrow's NY session will be critical.
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Marvin IvanLabrie
2 years ago
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.
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discman24 IvanLabrie
2 years ago
Closed the position with 100 pips in the pocket. Great call!
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colinsheen PRO
2 years ago
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
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IvanLabrie PRO colinsheen
2 years ago
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.
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discman24
2 years ago
Big dip now.. Time to find a spot to re-enter. Anyone?
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IvanLabrie PRO discman24
2 years ago
Pips are pips!
I went short and banked a bit too.
Now waiting.
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discman24 IvanLabrie
2 years ago
Waiting for the next dip to re-enter. Thanks!
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IvanLabrie PRO discman24
2 years ago
Move up is in question. I'd pass for now.
Let it prove itself.
Can be ABC, or 1,2-i,ii.
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discman24 IvanLabrie
2 years ago
Good call.. will try to learn from your charts.
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IvanLabrie PRO discman24
2 years ago
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.
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discman24 IvanLabrie
2 years ago
Okie.. Will look into them later.
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IvanLabrie PRO
2 years ago
(Went long again, as per my EURNZD/pair trade chart.)
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IvanLabrie PRO
2 years ago
closed long, waiting.
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PooyaSalehipour
2 years ago
Euro must hit the trend line
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IvanLabrie PRO PooyaSalehipour
2 years ago
That is a very strange wave count mate.
I agree on having a retracement soon, but a bit higher, say 1.115-1.12.
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moneymaking
2 years ago
Going pretty well right now :)
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IvanLabrie PRO
2 years ago
If long booking 75% of profits and moving stop to break even is a good idea right now.
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IvanLabrie PRO
2 years ago
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
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IvanLabrie PRO
2 years ago
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.
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IvanLabrie PRO IvanLabrie
2 years ago
Sorry, repeated comment...Feel free to erase it mods. Thanks.
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moneymaking IvanLabrie
2 years ago
Yes, everyone is waiting for tomorrow's Federal funds rate. Hey Ivan, do you close all your open positions, before a news this big?
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timwest PRO
2 years ago
BULLSEYE!!!
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IvanLabrie PRO timwest
2 years ago
Thanks :D
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