IvanLabrie
Long

EURUSD: Long with two entries

FX:EURUSD   Euro Fx/U.S. Dollar
a year ago
I think it's worth it to enter a long in EURUSD             now, and one if we break past 1.10056 as depicted in my chart.
The stop loss for both is 1.0913.
We have US GDP news coming and it's highly likely that the whole week continues to march up from this juncture.

I'm right, which I think it's highly probable based on the DXY             analysis I conducted and EURUSD's own price action and specifics, then this can be a huge win.
I reccomend 1% risk per entry, max 5%.

Good luck, cheers!

Ivan Labrie.
a year ago
Comment: Entry #1: Market now at 1.0934 roughly, stop loss 1.09013, exit 1.0145 or the lower target.

Entry #2: Pending buy stop at 1.10056, stop loss 1.09013, exit 1.0145 or the lower target on chart.
a year ago
Comment: Cruising smoothly. If we don't get filled with the higher entry, I'll give a new modified one for tomorrow (after today's close)
a year ago
Comment:
snapshot


I'll modify the 2nd buy stop after the daily close.
a year ago
Comment: Up buy stop to 1,10261.
Stop loss is 1.09255
a year ago
Trade closed: stop reached: Stopped for now.
a year ago
Comment: Monitoring, price above all resistances again, might trigger an uptrend soon.
Exit or target was 1.145 roughly, I had made a mistake and wrote 1.0145, my bad.
a year ago
Comment: Same as gold, no long signal yet, nice buildup on the way up but it could still retrace from here.
a year ago
Comment:
snapshot


Valid for one day. I'll update it until we're in.
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).
Looking good! always!
Reply
PHILOOS
a year ago
I m short at, 1.0945 - first target 1.0727 for wave III. Second target 1.0540.
Reply
IvanLabrie TOP PHILOOS
a year ago
I don't count waves...dangerous to try and fit a fixed model on what price is doing in my own experience.
Some do it and profit from it, I prefer not to.

Good luck with the short! My stop is there in case I'm wrong.

What's your stop loss?
+1 Reply
PHILOOS IvanLabrie
a year ago
Thanks
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PHILOOS PHILOOS
a year ago
My stop loss is 1.1015
Reply
Cocoa6 PRO
a year ago
Ivan You mean target is 1.14500
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IvanLabrie TOP Cocoa6
a year ago
How?

The target is the target on chart...labeled as exit in my description.
Reply
G_Man IvanLabrie
a year ago
Comment. Entry #1: Market now at 1.0934 roughly, stop loss 1.09013, exit 1.0145 or the lower target.

Entry #2: Pending buy stop at 1.10056, stop loss 1.09013, exit 1.0145 or the lower target on chart.

on chart your target is different ;)
Reply
IvanLabrie TOP G_Man
a year ago
Two targets, one is 1.145, it's there. :p
Reply
SSSDEV IvanLabrie
a year ago
I trade in Eur/inr Currency derivatives and it mimics Eur/usd mostly . Currently I am long Eur/inr JAn (2016) expiry series. and I would look to exit Eur/inr at eur/usd at 1.1060 levels. When do you foresee 1.14500 targets. your perspective please
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IvanLabrie TOP SSSDEV
a year ago
Timing is on the chart, it can last until end of year, easily. Rallying more, in time, would be hard but also possible.
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SSSDEV IvanLabrie
a year ago
Thanks IvanLabrie, would you look to sell Eur/usd on rallies too like sometime as I do or you wait for long Eur/Usd oppurtunities as I did mostly last year. my govt website www.nseindia.com and you need to check on Currency derivate and select the Series Eur/inr to know more about my system.
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IvanLabrie TOP SSSDEV
a year ago
I'd have to check that out.

I don't like counter trend trading. I treat each timeframe independently though.

If there is a trend I'll only add to it.

Thanks for the comments!
Reply
SSSDEV IvanLabrie
a year ago
Thanks Ivan and I have understood your point and you are trying to convey UP THE TOP that you are long on Eur/Usd atleast for this timeframe. And that you would wait for longs again if Eur shorts take positions. and reversal take place. Hope you answer this as this would enable me to improve on my trading skills.
Reply
IvanLabrie TOP SSSDEV
a year ago
As long as price moves up and follows my signal's path, I can look for additional chances to add to the winning trade to maximize profits.

If it's a longer term long, say a monthly setup, and we get a downtrend in 4h or daily, I can look for the end of said downtrend to add to monthly longs.

It's a very specific procedure, depends on the tools you use.
I do conduct tuition via skype, so if you're interested in learning more contact me via skype.

Cheers.
Reply
SSSDEV IvanLabrie
a year ago
Thanks IvanLabrie , You are kind, You have given enough information to add to my trading skills. . Thanks and I hope you have a nice trading . regards. Hope to catch up with you soon
+1 Reply
IvanLabrie TOP SSSDEV
a year ago
Welcome, thanks for stopping by.
Hope the trading goes well!
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SSSDEV IvanLabrie
a year ago
yes it wiill Bye for now
Reply
johan.verm
a year ago
A bearish diamond pattern is almost formed so I don't know what it's going to be Ivan.... Good luck and enjoy the holidays
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IvanLabrie TOP johan.verm
a year ago
Hi, thanks! You too.

As for the patterns, I don't consider such things, in my mind they simply don't exist.

I'll modify the buy stop order in 6 min.
Reply
johan.verm IvanLabrie
a year ago
I don't strongly believe in patterns but sometime they could be a guideline with other indicators..Good luck..
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IvanLabrie TOP johan.verm
a year ago
Yes, just that they don't fit my systematic method.
+1 Reply
marcus123
a year ago
In on this around same entry;good luck!
Reply
IvanLabrie TOP marcus123
a year ago
Thanks.

End of year/quarter/month/week/day, positions get closed...I expect a massive short squeeze rally when massive dollar longs are unwound (a batch already happened, and caused that one day spike we see in chart there).
Next one will be of dramatic proportions...you'll see.

Cheers!
Reply
EURUSD WILL COLLAPSE.................................................
Reply
IvanLabrie TOP Abdul-Forex-Movement
a year ago
Or not.
+1 Reply
marcus123 Abdul-Forex-Movement
a year ago
what are the signs?Can you give more detail about your viewpoint pls?
Reply
IvanLabrie TOP marcus123
a year ago
#1 Fundamentals are bearish for the dollar.
#2 I expect a lot of short positions to be closed for year end, or this week even. (Before Christmas)
#3 The technicals show price above support and with predominance of bullish strength in the background, or lack of decisive bears.
+1 Reply
Mughal2657 IvanLabrie
a year ago
i am fully agree with you on the second one but the question is will these short will put a huge impact on the dollar weakness or just minor impact i hope we will see a signal before that impact
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IvanLabrie TOP Mughal2657
a year ago
Just a sharp rally, not sure about follow through.
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Paulina
a year ago
agree.my TP is 1.10372
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Jermynew
a year ago
Hi Ivan What is the difference beyween stop loss and exit?
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johan.verm
a year ago
Wow ,Thats high Ivan...Sky is the limit :-) Merry Xmas to you and your familie....Johan
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IvanLabrie TOP johan.verm
a year ago
Thanks Johan!

Short squeeze rally will be fast and sharp.
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johan.verm IvanLabrie
a year ago
I agree Ivan..Nervous market now ,it seems...We are going to have some long wicky wicks.... :-)
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