About meHi, my name is Laurent Scherer, I am currency trader and the founder of Lorbeer Investment.
For more information about the mirror trading service of LobreerInv. please visit: www.lorbeerinvestment.com
You can alos look at is form a Double Top point of view. After the "V-Point" breaks which confirms the Double Top, price often retraces a certain way before continue down.
Therefore, either you trade the trendcontinuation to the long side or you take profit at the V Point or 50% Fib retracement and then go short for new lows.
Looking at an important resitance level ahead of AUDCAD price. If price runs into this level one can look for a candlestick reversal pattern or a simple price pattern such as double top on a lower timeframe.
EURUSD is trading in an improtant resistance area of Elliott Wave 5 and Bat pattern. The trade does not develop and I saw a change of going long the Euro on EURGBP in order for me to reduce the cost of a potential loosing trade on the EURUSD. SInce the EURUSD is longterm with hgh profit potential and EURGBP is short with small profit potential, I will still make a...
First target with a +60% chance of profit on a 382 retracement, of the total size of the pattern which provides a 9.5% profit
If price comes back to the signal level another 50% chance of profit on a secondary target provides 16%
!!! My tip: Statisitcs show that if price retraces right away to a 50% then it will most probably continue to higher highs (vice versa...
Looking at some multiple argument resitance ahead of MU price.
25/26 Bull Put Spread from earlier this week plays out nicely. Didn´t get filled on the second wing of the proposed Iron Condor so now waiting for price to rally into this resitance area and they open a Bear Put Spread
Earnins were 14% bettern than expected. Last time earnings were better than expected LULU made 20% profit in less than a year!
Here, price bounces out of support area. Implied volatility rasies, almost 30%. If the Gap partially closes next week I expect IV to grow even further and potentially provide some noce premium to collect on selling calls below the support are
Hi traders. So far I did not trade Bitcoin but a first look on some breef historic statsitics show that BTCUSD follows the same price action pattern than most assests.
After seeing a cahrt of correlation of the Gold arally of 1980 and the Bitcoin rally that happens right now, and the correlation is surprisingly (why am I surprised, there is nothing new under the...
As we speek the first ABCD gets triggered.
If price continues another more beneficial LorbeerPattern is waiting.
On profit target yet another Long LorbeerPattern triggers. These are all short to mid term trades. Since I already am short this pair on the long run and hort EURUSD on the long run, I will only trade small size to respect my money management and...
I already opened a small short trade as price rests at resistance. In case the full pattern will not be triggered, I still want to make some profits.
Considering the short position on CHFJPY that is not moving anywhere since more than a week, I retain myself to add to many long assumptions to the japenese yen.
Now its time to look at the B wave completion and resulting turning point. This could be it? Looking one step further I see a potential C-wave creating a wedge on support trendline.
A breakout of the ABC Retracement wedge could lead to new high towards end of the summer.
USDJPY is currently looking for direction.
A Breakout of the 112.12 high could trigger a pretty BatPattern. My track record shows an awesome 70% profit rate when it comes to this pattern, so I always get excited seeing one!
Or will traders push price below the May low to chase the April low? Time will tell either way, lets take advantage!
AUDUSD... I have faith in you!
Price is falling towards an imparting swing low. Looking to trade the long relief if price enters the green support area.
Target is a 382 wich could come at a touch of the indicated most recent downtrendline
Entry idea for a short assumption on the Euro.
240M candle closed below the low swing of the 2 tops. A short entry may be found in minor resistance or around a fibonacci retracement level of this swing low break mouvement.
Tipically I would take some profit at the new swing low but since I am very bearish on the Euro short term I am shooting for a little bigger goal