LorbeerInv

LorbeerInv

Do you consider yourself a conservative trader who requires a lot of confirmation before entering? Pay attention to not enter to late! Often, waiting for too much confirmation is like attending to an all you can eat lunch at 14h30. You pay full price but there is almost nothing left to eat. This is such a case. Those traders who position themselves ahead of...

LorbeerInv

Preferred scenario for the summer: USD/JPY did not made into the major support area 107 - 106´s. JPY could still show strength against the US dollar, hence I gave it a first split entry at resistance to chase the 107 low prices. However, new low prices often only come after a some kind of ABCD correction. I am typically planning a second entry on D somewhere...

LorbeerInv

Potential end of first correction wave A. Gold formed a double bottom short of a major support price area. After a break of the inner downtrend line Gold, long trades can be found within wave B

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At this stage longterm wave 3 & 4 are confirmed. Using the projections of the first waves in order to identify a potential wave 5 completion area and define the first entry price levels for shorting the Dax longterm. Latest minor (orange) waves are not yet clear so the initial short entry are may still change. However, even if Macron wins the french elections I...

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... this my preferred trading direction would be respected 100% of the time but this only happens 60% of the time.

LorbeerInv

Hi all, looks like the first correction wave made it to the support zone. Most recent downtrend had increased momentum as indicated by the several downtrend lines. Looking for a break of such trendiness in order to realize some profit on the B wave

LorbeerInv Updated 

The EUR rallied significantly as did the Eurozone stock market, relieved by a strong ex-banker Macron result. However, EURUSD pauses at the March high price. If the rally higher and we see some close prices above 1.092´s I am would be very much pleased to see a big Bat Pattern trigger in the near mid term.

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Possible Euro rally towards 2nd round or french elections. After the breakout of this years high prices the Euro has technical and fundamental potential to continue its rally. Especially if polls are in favor of Macron. Looking at the most recent price action I position my PTF long after a potential triangle breakout

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Waiting for ABCD correction before going long on the long term

LorbeerInv

Is there any Elliot waver who did an analyses on higher reframes on Gold? Appreciate your opinion

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For the brave!

LorbeerInv

After the strong breakout of the latest swing low, price pauses in a rather important support area. Entries for a short term reversal can be found

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Investors are heavily going into GBP wich pushes GBP/USD right into resistance Potential for short on short term and buy the pullback

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After realized profit of the BatPattern trades I am now looking at a short breakout trade. The current price levels seems to be of importance for this pair as it turned around price action often in the past.

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As advised 23/03. breakout out of Feb low price resulted in a sell of right towards the massive support area 107 - 106. Only 1/2 position invested as price never retraced to the 2nd entry. Prepared to take of position at 107.5 and look for long short term entries. Another +250 Pips potentially to be earned on the pullback out of the above mentioned support area

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Hi All, I am watching this pattern for some while. I do not like the fact the price retraced almost 38,2% already before triggering an entry => some short term buying potential is already gone. In addition, I will pay attention to the 1,272 & the 1,618 extensions of the latest swing as potential alternative entries, instead of entering aggressively. I see price...

LorbeerInv

BatPattern on daily almost completed. Volatility decreases on the daily so we have to expect less daily range going forward => less opportunity for higher timeframes due to more back and forth. Until price will breakout of the triangle it is about to form and hopefully after the summer holidays provide more opportunity again. Be prepared to move to lower...

LorbeerInv

EURGBP still has to move 90 pips so probably for next week if continues falling. Should the price retrace back up into the low of 23/3 short entries may be found to chase the Bat entry. Ideally.