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EUR vs GBP: Pair trade setupSimple trade, trends are pretty clear here I believe. EURGBP is a strong downtrend and will resume its direction this week I believe. GBPUSD is an interesting long setup, with 11 weeks at one price and sitting above the mode currently. You can market buy now, but it'll be 100% confirmed once it reaches my entry level on chart (1.57084). Targets are for both time and price, you can trade all 3 as single pair trades, or use ADR to measure position size on each side and only trade eurusd and gbpusd on opposite directions. ADR values are: GBPUSD: 105.6 pips/day EURUSD: 98.6 pips/day So if risking 2% with a 10k capital, you will use 0.19 standard lots for GBPUSD and adjust the EURUSD position size by volatility to match the GBPUSD one as follows: 105.6/98.6 = 1,070993914807302 (ratio to adjust EURUSD position size with) Thus, EURUSD lot size should be: 0.22 std. lots If trading single pairs, it's simple, cost per pip as everyone knows. Good luck, Ivan.
by IvanLabrie
4
GBPAUD LONG LOOKING FOR A BUYING OPPORTUNITY AT MY BUY ZONE WHICH IS IN CONFLUENCE WITH A FIB LEVEL AND A 3RD TOUCH OF THE TREND LINE. A BREAK OF THIS BUY ZONE WILL LEAD DOWN TO MY NEXT BUY ZONE. FUNDAMENTALLY THIS TRADE IS ONLY GOING IN ONE DIRECTION IN THE LONG TERM BECAUSE THE BOE (BANK OF ENGLAND) STATED THAT THEY ARE CLOSER TO RAISING RATES WHICH IS EXPECTED TO BE THE END OF THIS YEAR OR IN THE BEGINNING OF 2016 WHICH LEAVES GBP THE SECOND STRONGEST CURRENCY AFTER THE DOLLAR.ON THE FLIP SIDE AUD IS BEARISH ALONG SIDE THE OTHER COMMODITY CURRENCIES SUCH AS CAD AND NZD. CHINA SITUATION IS ALSO WEIGHING DOWN AUD. FIRST TARGET AT SWING HIGH/2.12000
Long
by remelthomas
Pair trade: Short NZDUSD, Long GBPUSDI'll open a pair trade to minimize risk in my GBPUSD long setup. There's a weekly sell opportunity in the NZDUSD chart, which will give me a relatively low risk entry as per my analysis that gold isn't done falling, and that NZDUSD (and GBPNZD will resume the trend they are in). Position size is based on the ADR figures for both pairs, risking 2% and aiming for the targets on chart. There will be no stop loss, so, if you find this idea attractive, take the trade at your own risk. GBPUSD's ADR: 112.7 pips NZDUSD's ADR: 89.7 pips Thus, I'll open two positions, adjusting the NZDUSD one by 1,25x to match the GBPUSD volatility. The setup on chart shows a conservative SL in case you'd rather trade it individually. Good luck, Ivan.
by IvanLabrie
51
GBPUSD: Still looks like a long to meThis is my second attempt at a long. I think this pair is trending heavily up, and while I think some usd pairs might head down (like audusd and nzdusd, at least in the short/intermediate term), this pair looks to be headed up. Once we cross the quarterly mode I'll be confident in hitting the yearly targets #1 and #2, for now I entered a long here, and also shorted audusd (and went long usdjpy, while shorting nzdjpy), thus trading a spread without having to trade gbpnzd or gbpaud, which are less liquid and don't move as predictably (where do you place a stop in that monster rally? Don't ask me...). Technicals align nicely here, we have a confluence of both my rudimentary EW analysis, and time at mode, with the quarterly ROC trending up, CCI about to get overbought soon, crossing above -100 after finding support at a fibonacci cluster, which was also the previous daily mode. We have the mode in the trend rising, which is bullish, and rgmov forming a new high over a previous resistance, which resembles a wave 1-2 advance in EW terms (Tim West recently posted a chart about EURUSD, performing his EW analysis directly on Rgmov, it can give excellent and more 'predictive' results than trying it on the actual price, do check it out. Good luck if you take this trade, Ivan.
Long
by IvanLabrie
37
GBPJPY: Long for now but watch it around September 28thTime at mode weekly analysis of the advance since the low in 2012. Price has already tested once the most frequent price since 1991, and fell instantly, but now rebounded and is heading up again. There is an active monthly uptrend, but the price target has already been exceeded. It would seem as if this is a topping formation, and even if temporary, the decline that will unfold if this validates a terminal wedge, will be very sharp and at least headed to 171.067 instantly. I'm long GBPUSD, and GBPNZD, but going long here might pay off, keeping in mind we might be able to short it soon. I'll update the chart with my entry, for now, you can try going long at 188.6145 with a stop at 186.463 and no TP. Cheers, Ivan.
Long
by IvanLabrie
5
GBPUSD: bullish setup updateWe have a very good bullish setup that just confirmed. The daily corrective downtrend has expired, and there's a 15 day rally forecast currently active. Stop loss should be below the 1.5328 mark, and an entry on a retracement would be ideal. Looking to market buy asap, but ideally a retracement into the green zone would be better, with a tight stop at 1.53775. If we move above the quarterly mode at 1.5918, we can be sure of further bullish continuation as a distinct possibility. Good luck, Ivan.
Long
by IvanLabrie
30
GBPCAD: Topping this monthWatching this pair closely since I spotted what looks like a very significant top area, both in time and price. It's possible that GBPCAD will form an ending diagonal triangle and give us a great short opportunity in the coming weeks. The daily and weekly uptrend signals point to a top between the 9th and the 24th of July. It's also interesting to note that there's significant divergence in multiple timeframes, and the levels obtained with time at mode, linear regression channels, fibonacci extensions of wave 1 of this leg and a previous downtrend quarterly/monthly mode overhead resistance all match. If this analysis proves to be correct, we will get a great short opportunity. Will update with an entry. Cheers, Ivan.
Short
by IvanLabrie
23
GBPAUD: Massive topping patternThe chart depicts a gloomy picture for this pair. It would seem as if the longterm uptrend is coming to an end and possibly falling sharply in the coming days, weeks and maybe months. I'm using the forecasted weekly uptrend top as a stop location, but we can also use 3 atr%, which would be a 1.2% stop to stay safely in this trade. I'll enter a small position now, and look to scale in along the way. Will also add a zoomed out daily chart to show the monthly signal and the bigger picture view with s/r levels and whatnot. What is specially attractive, other than the patterns and time at mode signals, is that today will be a very heavy news day for this pair, so I suspect we will see a VERY sharp move down take place after the NY close. Good luck, Ivan.
Short
by IvanLabrie
37
GBPUSD: Keep a close watchThe move off the lows here has been really strong, but after closer inspection it might be comprised of 3 waves. In any case, there's a time at mode target in the daily that has been exceeded, and time will expire soon. Watch that date for a reaction, and a possible retracement or reversal. It'll be key to sync the entry with a fundamental event, in order to have the news boost our trade. Price has been rejected by a very low volume resistance level, but hasn't reversed yet, and there are still a few days left in the uptrend, so I'd suggest being patient here. Good luck, Ivan.
Short
by IvanLabrie
4
EURGBP: Decisive momentThe next move will confirm what lies ahead: For the time being, price is above the long term fair accepted price, which is bullish, but to confirm uptrend continuation from here we need to break above the resistance from the previous downtrend signal's mode, as well as break out from the channel, to confirm the move is a larger impulse series. The uptrend target was almost reached, but there is lots of time left in the timer, so it might either reverse steeply down from here, or continue to rise after a brief cooldown. Will update when I get a trade signal out of this chart. Cheers, Ivan.
by IvanLabrie
12
GBPUSD: Is the Pound a buy? I suspect so.As the title implies, I'm tempted to go long GBPUSD, and other GBP crosses (like GBPNZD). Fundamentals have been consistently good overall, but there's fear in the air surrounding the uncertainty of the coming elections results. The recent polls towards the May 7th elections imply a tie between the Conservative and Labour parties, and the possibility of both losing ground to smaller ones, like the SNP in Scotland. The rally here has been unexpected, and the last correction the result of bad news, so I don't discount bullish continuation as the next move. Price is flirting with a historical support level, which is the most frequent price in the monthly chart since 1999 or so. If the move above this level resumes, this might be the start of a strong uptrend. I'll update with my entry. Good luck, Ivan.
Long
by IvanLabrie
31
GBPJPY: Extended fifth wave advance and time at mode short setupWe can observe a clear five wave advance from the lows, with wave 5 being the largest, almost reaching 1.618 of the distance from point 0 to wave 3 high, which is the typical distance wave 5 travels. These extended fifth waves often produce a very sharp and steep retracement that swiftly moves price down to wave 5's second wave, or even wave 4 of the whole advance. Rgmov is showing clear divergence, which is a strong bearish signal, while we also observe a time at mode uptrend target expired, and one more larger timeframe target about to expire at the open on Sunday. I'll place a short fine tuning the entry from the 1h chart on Sunday. Good luck! Ivan.
Short
by IvanLabrie
7
GBPJPY update: targetsAn addendum to my previous 'Waiting for the perfect short' chart. This chart describes the different projection techniques that I used to determine targets and potential retracement zones in this pair. I'm short from 177.569, with a break even stop and will scale in every chance I get. This corrections will be easily foreseeable using time at mode in lower timeframes, and I'll update with them in due time. I expect to hold this trade open until the weekly signal expires at least.
Short
by IvanLabrie
29
GBPJPY: Waiting for the perfect shortAs the title describes, I'll publish a suggested short entry once my setup confirms. For the time being observe the price action and how the selling is outweighing the buying on each swing. This is inherently bearish, and to make things worse for the bulls, Tim West's proprietary indicator RgMov is plotting new lows and a strong downtrend on the daily chart, ahead of price which is currently ranging. The weekly chart shows intense coiling, which will eventually lead to an explosive move to the down side. I'll update the chart with entry, exit and stop loss values once it confirms. Cheers, Ivan.
Short
by IvanLabrie
32