2 years ago
Just food for thought.
We have a confirmed uptrend signal after an extended sideways correction, coming off a significant low after a steep downtrend completion back in 2012.
The Pound could start rallying well into 2016 if this forecast isn't invalidated.
Similar to the Euro             , I will only look for long opportunities in these pairs, unless the chart calls for a very good short.

Cheers,

Ivan.
a year ago
Trade closed: target reached
8 months ago
Comment:
snapshot
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).
Great foundation for analyzing the group. Thanks for sharing your creativity. Creating the Currency Index for the base is simply genius. Watch it become a TV standard.
+1 Reply
IvanLabrie TOP coondawg71
2 years ago
Watching the dollar or euro pairs normally is good enough, but I prefer the big picture view these provide.
Reply
snapshot


GBPCAD forecast, needs to stay above the mode this month.
I'm already in for the next leg up.
Trading each bullish leg while leaving part of the initial entry running with a wide stop is the game plan here.
Reply
Very stop uptrend, we reached low volume resistance. Might cooldown a bit.
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Hi Ivan,

How did you create this chart ? I cannot get it on my charts it says invalid symbol.
Reply
IvanLabrie TOP HEmmanuel
a year ago
Hi, you need to input the following in the search symbol field:

(gbpusd+gbpaud+gbpnzd+gbpeur+gbpcad+gbpchf+(gbpjpy/100))/7

Then hit enter and presto.

BTW, target not reached, I think the Pound rally will continue some more.
Reply
HEmmanuel PRO IvanLabrie
a year ago
Nice one Ivan, many thanks for this. I will try it when I get back home. Yea you a right, pound is still strong and will continue the rally for a while. Today both Pound and US dollar have been in correction mode across the board.
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Looks like the vertical advance now leads us back to the mode.
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Rocketman PRO
5 months ago
This is a weighted average, but not a true picture of the currency in terms of sentiment. The calculation is off.
Reply
IvanLabrie TOP Rocketman
5 months ago
You're right, it's not perfect. It did work somewhat to predict the path and timing of the moves though.
Reply
Rocketman PRO IvanLabrie
5 months ago
Try adding a parameter for the currency relative to its trade-weighted partners, for example: http://varianse.com/Basket-Live-gbp.html <-- this site has done it. Here is a calculation that New Zealand's central bank has for is Trade Weighted measure of the effective exchange rae:
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Rocketman PRO Rocketman
5 months ago
It doesn't show my calculation....interesting..
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IvanLabrie TOP Rocketman
5 months ago
Interesting, email that to me, a screenshot would do: ivanlabrie at yahoo
Reply
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