IvanLabrie

IvanLabrie

I hold a position in this pair, stop is at 1.5630, my target will evolve as price action unfolds, but I'm looking at 1.5250 roughly. Swap pays 31 usd cents per micro lot, per day, so it's a pretty good deal if you manage to enter a sound trade short. A Demark trendline break would be confirmation, and an upper breach would give the bullish case wings, albeit temporarily.

IvanLabrie

What's not to like? Right now this pair is showing signs of a temporary pullback, a breach of the high and even handle at 0.91 would be of my liking for a long position. The market might be waiting for news to resume its pace. As usual, I'll expand in the comments section. Good luck traders!

IvanLabrie

In this pair we see a clear uptrend, and a pullback to support. The price is over the weekly pivot, I drew two Tom Demark trendlines showing where I expect it to break. A safer bet long would be on the breach of the daily pivot with a stop below even handle support at 0.7700. Daily currency relative strength shows USD and NZD on top, with JPY closely following...

IvanLabrie

I entered 6 positions right before the NY session closed. This is officially my last trade of the year, and hopefully it'll be a great start once I am in profit. I've come to like this approach, trade currency baskets considering relative strength and use the Tim Westian methodology to determine SL and TP levels. It's a good idea to watch the NY session on the...

IvanLabrie

Selected pairs: Long: AUDUSD, AUDCHF, CADCHF Short: USDCAD, GBPCAD, EURCAD, EURAUD

IvanLabrie

See the currency basket idea for more info.

IvanLabrie

Relative strength + technicals align. Weakening crude can only help this trade.

IvanLabrie

Trade numero 2.

IvanLabrie

In this chart I display a trade setup I've been working on. You pick 5 currency pairs, based on relative strength figures, and individual price action traits. The idea is to profit from the mean reversion phenomena that normally occurs during the low volatility Asian session. Many pairs will show reduced volatility and a tendency to revisit previous areas of...

IvanLabrie

Merry Christmas folks! Today I decided to show you a phenomenon I'm sure many of you already know of, but which I find is the best and most profitable way of approaching Forex trading, based on my past experience. I normally traded intraday using 15m and 5m charts in the usdcad and usdjpy pairs, before transitioning to longer timeframe trading. If your capital...

IvanLabrie

The news about the negative rates gave way to a nice short setup. I'll enter short on any 4h pullback, targetting initially 118.459 and as a secondary target 116.079. Stop over the light blue line in my chart. Good luck gents!

IvanLabrie

EURCAD has breached through a strong congestion zone and is now about to bounce from a strong level above. Bias is still bullish, so I'd be looking to buy a retracement as displayed in the chart. Stop should be 1 ATR, and target would be the next pitchfork line above.

IvanLabrie

As everyone and their mother probably knows, EURUSD offers a bullish opportunity if you know where to look. I'll be opening a long trade with a 1 ATR stop, targetting the different resistance levels above. I'll monitor the trade for any possibility of scaling in with more lots, and/or places to close long positions in case the trade starts to head south. Once...

IvanLabrie

Silver has been posting higher lows gradually, while forming a multi-day base which suggests accumulation of the precious metal, and a change in mentality regarding its value. The current resistance is an options expiration line, which matches the most recurrent price during a previous area of congestion during the decline that lead to the explosive surge of...

IvanLabrie

In this chart we can see how the NZDCHF and NZDJPY pairs have behaved over time. Correlation has been negative in some cases, giving place to a hedged carry trade setup, if taking solid long entries. I decided to take on a longer term trade, by opening two long trades risking 5% of my whole account to get an expected 100% return from interest alone after a year,...

IvanLabrie

It seems like Bitcoin has built a 5 quarter base, and rallied for exactly 5 quarters before starting the current slow downwards grind. Right now the outlook is neutral, but as soon as we see an impulsive decline, I expect it to develop into a strong downtrend, targetting the 86 dollars mark. Mining induced inflation is slowly killing the BTC price, which shows a...

IvanLabrie

I'm long EURJPY from 148.55, SL at the .214 fib, tp at 1.272 for target 1, and 1.414 for target 2. News pushed the price down, but it got rejected at a previous area of accepted value so I decided to long this pair. Good risk reward ratio, see you at tp folks ;)

IvanLabrie

This pair has shown it found value around the options expiration line below price as I type this. I expect it to retest said line, to then move higher up, reaching the previous week high at the very least. Look for a solid directional move up on the NY open tomorrow as confirmation, for now a limit buy at or around the options expiration line should be a good idea...