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
for me wave 5 compeltes here. Looking at the 240 I see a break of the widge and a swing low + pullback into breakout level.
BatPattern triggered as well.
Target on the 382 of the pattern is 260Pips. Tipically I am looking for a 50% retracement for the secondary target.
For a correlationc onfrmation you may find same short signals an the EUR/GBP as well.
After the runaway Gap price developped an harmonic ABCD movement. Not only are we at D point right now but we can gather together multiple Fib ressitance levels in this area.
Looking closely on the daily and 240M chart this week. Nice erea for a countertrend trend trade. IV% is far below 20% so no way to collect premium this time but Debit Put Spread may do just...
I was waiting for the EURUSD to come this high to build a short position. Many arguments, Elliottwave + Advanced Pattern + Overbought indicate a fall for the next 1 or 2 monthy.
However, lookig at the 240M chart, price create a wedge or flag pattern that thends to breakout to the upside. Looking to enter the second part of my short position arond the 1300´s
Hi traders. Those who are theading a continuation of the GBP relief after the strong UK stock figures and the announcement of UK Hedge funds to investo into domestic stock, GBPUSD currently is in a support zone providing a good entry opportunity.
I like to take some profits early and and roll the stop loss to break even this increaes my hit ration. I find it a...
There is nothing new under the sun.
Waiting and applying the stuff that works. You don´t have to trade every single asset or take every single opportunity, just wait for teh stuff that you understand to happen.
Warren Buffet recently said, he would have never baught Micrsoft or Amazon because he didn´t understand their model. But he understood Coca Cola and...
Prices gives me 2 indications of downtrend pressure:
- Formed resitance around 0.88´s and then
- Close below the Swing low of the above resitance area
I am trading the short side on an ABCD complex retracement entry as I consider the most recent close below swing low to be the prefered trend direction. First target for me tipically is 50% retracement and the...
AUD/CAD is indicisive for days and such price rebalance pattern preferably appear in this kind of environment.
My prefered entry mode is by candlestick pattern on lower tiemframe and I tipically target the 500 retracement of the total pattern.
ABCD pattern as a complex correction of a former trend brekout confirmation.
I enter on candlestick pattern in a Fib resistance zone of extentions of AB and inverse extention of BC. My prefered target is the half of the pattern.
The way I trade these pattern on my pair result in 70% hit ration with 1.6 to 1 RRR
Have fun traders! Opportunity is everywhere, just...
If price pushes into resitance one may trade a potential retest of the downtrendline breakout level.
Then at the breakout level statistics provide your with a direction edge on the long side for a conitnuation of the most recent uptrend.