IvanLabrie
Long

EURUSD: Low risk long entry

FX:EURUSD   Euro Fx/U.S. Dollar
2014 41 35
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.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
AynCzubas
a year ago
Will go long at 1.0855, the .786 retracement
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IvanLabrie TOP AynCzubas
a year ago
As you wish.
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Robski PRO
a year ago
Hi Ivan,

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

thanks,

Rob
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IvanLabrie TOP Robski
a year 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
a year ago
Understand. Thx!
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IvanLabrie TOP Robski
a year 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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snapshot
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discman24
a year ago
Thank you for the idea.. I am with you on this. Time to pull up the socks!
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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 TOP Tom_Killick
a year ago
What do you mean?
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Tom_Killick PRO IvanLabrie
a year ago
Don't worry, I read the situation wrong. The optimal entry is actually almost right now :-)
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IvanLabrie TOP Tom_Killick
a year 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
a year ago
Don't think we read it wrong, just bad luck

Tom
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rv
a year ago
nice work bro.
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IvanLabrie TOP rv
a year ago
Thanks!
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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 PRO IvanLabrie
a year ago
Thanks, Coach. I made 1.25% ;) Just closed all
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IvanLabrie TOP moorekapital
a year 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
a year 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
a year ago
Closed the position with 100 pips in the pocket. Great call!
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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 TOP colinsheen
a year 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
a year ago
Big dip now.. Time to find a spot to re-enter. Anyone?
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IvanLabrie TOP discman24
a year ago
Pips are pips!
I went short and banked a bit too.
Now waiting.
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discman24 IvanLabrie
a year ago
Waiting for the next dip to re-enter. Thanks!
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IvanLabrie TOP discman24
a year 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
a year ago
Good call.. will try to learn from your charts.
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IvanLabrie TOP discman24
a year 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
a year ago
Okie.. Will look into them later.
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(Went long again, as per my EURNZD/pair trade chart.)
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closed long, waiting.
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Euro must hit the trend line
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IvanLabrie TOP PooyaSalehipour
a year 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
a year ago
Going pretty well right now :)
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If long booking 75% of profits and moving stop to break even is a good idea right now.
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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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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 TOP IvanLabrie
a year ago
Sorry, repeated comment...Feel free to erase it mods. Thanks.
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moneymaking IvanLabrie
a year 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
a year ago
BULLSEYE!!!
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IvanLabrie TOP timwest
a year ago
Thanks :D
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