Get started

BOE

EURGBP: Uptrend in progressEURGBP is tracing a nice uptrend in the daily. We have opportunity to join it at this juncture. If the trades on chart aren't filled, we will have to enter using either a lower timeframe or a new high, (I'd rather take lower timeframe entries honestly). This is a good hedge against EURUSD short positions. At this point the Euro has minimal upside left, if any, vs the dollar, but the Pound is in a very weak position, so I'm comfortable fading it against most currencies. The other very weak currencies are the New Zealand and Australian dollar, so EURNZD is another nice long to consider. Good luck if taking these entries. For more infomration on the shorter term timeframe entries here, or any of my services, contact me privately. I'm currently running a trading room, sharing signals via whatsapp and skype, as well as conducting coaching for serious traders who want to learn the methodologies I use, which were devised by Tim West 30 years ago, and proved to be very effective over time. Cheers, Ivan Labrie.
Long
by IvanLabrie
5
GBPUSD: Quarterly downtrendThis is a chart mostly meant for analysis and forecasting, but you could also look to trade it using ETF options, for example selling calls/puts, or if trading the monthly, you could go with a 374 or 400 pip stop. The risk vs reward is really high, even if you do use this stop loss size. It's not meant for anyone, mostly an investor or longer term trader would take it at least. In my opinion, it's likely to get very good short trades in lower timeframes, whenever the 4h, daily or weekly would align with this forecast's direction. A compass of sorts. For more information and insights into managing this position, scaling in, and understanding the logic behind the technical setups contact me via pm. I'm currently hosting a skype group, where I share trade setups and also provide traders with training, as well as 2 private webinars per week, and also giving tutoring via skype calls, on a one on one basis. Cheers, Ivan Labrie Time at Mode FX
Short
by IvanLabrie
9
Cable Finishes Week Below 2015 LowsThe Cable was killed last week as markets rattled on China fears and US Non Farm Payrolls trumped expectations. Pair finished the week below a descending triangle bottom marked by the 2015 lows and looks set to continue lower over the coming weeks. Initial target is the 1.236 extension of April - June 2015 around 1.4240, this extension coincides with the 2011 lows above 1.4220, where pair will likely find interim support. Alternatively, a reversal above the 2016 open (1.4732), would spell false break and encourage bulls to look for trend-line resistance below 1.5250.
Short
by FXTechs
GBPNZD: Pound/Kiwi retracement done in 2 daysThe GBPNZD pair has been in a strong uptrend, and after topping in August 24th, when the stock market bottomed after flash crashing, endured a lengthy correction. The time for this correction now matches the time the advance took to form, and we're close to a perfect 0.618 retracement of it, which nicely lines up with many time at mode elements suggesting a long is possible in this zone. I'll be looking to entering intermediate/long term positions around these parts, I expect new longs to enter after new year, and a very strong uptrend aiming for 2.66+ to start soon. The stop loss for this entry is vital, and can make or break the trade, so I will enter with a few different techniques to attempt to leverage this into a giant home run trade. For details on the specific position management, entry, exit, and stop loss values we will use, contact me, since I will reserve this for my private trading room. Good luck! Ivan Labrie.
Long
by IvanLabrie
8
GBPAUD: Critical junctureGBPAUD is approaching the yearly MA, and also about to complete a downtrend signal in the daily chart. It's possible that shorts will be unwound soon, by year end, we might see a large short squeeze rally in this pair, and maybe even the opening of new institutional longs for the new quarter. I'm really interested in entering with the tightest stop possible, so I'll be monitoring this for entry on the long side. If the yearly MA were to fail to contain the decline, then GBPAUD is in very bad shape and we can expect continuation to meet my weekly downtrend targets, around 1.98 or close. For the time being this looks like a large W bottom setting up, and has more positives than negatives for longs, so I'll attemp to ride the upcoming trending leg up. Cheers, Ivan Labrie.
Long
by IvanLabrie
6
GBPAUD: UpdateSee the related ideas for my analysis of this pair, which demonstrate the power and surgical precision of the Time at Mode methodology I learned from Tim West here. In this juncture, the weekly chart is offering a potential retracement entry, in case we were to see such an event, which would guarantee a 9.54:1 trade op. In case price were to continue straight down, I'd be looking for alternative ways of joining the decline, perhaps having to resort to lower timeframe entries for instance. For information on managing positions, and getting trade signals and coaching, contact me or Nicholas Coulby (ncoulb1) here. We're running a trading room Skype group for Forex, CFD, Metals, Energy or Stock traders. Cheers, Ivan Labrie Time at Mode FX
Short
by IvanLabrie
16
GBPUSD Short on account of Dovish Bank of EnglandTechnical Analysis: Technicals are on the chart, the Fibonacci Retracement, S/R Levels and Measures of Trend. The pair is trading below the 200 Day MA and the Long Term Pivot at 1.56600. Typically, short positions are sought with this in mind. If today's daily candle close is bearish, then the candlestick formation becomes an Evening Star at 52400 Resistance. Fundamentals and Market Conditions: GBP: Last week's dovish turn from the BoE makes sense in light of upcoming headwinds facing the UK. First, significant front-loaded fiscal consolidation is likely to weigh on growth. Second, the Brexit debate will heat up soon and potentially deter foreign portfolio and direct investment flows into the country. This is particularly problematic given the UK's large current account deficit. Finally, underlying sources of labour market health, such as hours worked and weekly earnings, are turning. The main risk to this trade is a resurgence in UK economic data. USD: Regardless of last week's downtick in economic data, King Dollar has held strong, resorting to a range rather than a severe correction in the majors. The Fed is currently more hawkish than the BoE and as we all know Central Banks and their Fiscal/Monetary Policy are King when it comes to driving currencies. Federal Funds Futures currently imply a 70% probability of a rate hike in December. See here .
Short
by JeffMzee
EURGBP: Rounded bottomWe have a rounded bottom on chart, visible in the 5 day chart, where we can also appreciate that RgMov is in an uptrend and CCI has given us a hidden bullish divergence signal. This, paired with the quarterly and weekly downtrend in the gbpusd pair, and the fact that the eurusd is completely overextended, and has almost hit my weekly downtrend target, I expect this pair to start trending up. The entry is above the previous bar high, after the close, stop under the low. This pattern was brought to my attention by a dear friend, with whom we often discuss technical analysis: Dusan, known here as look4edge. Check out his ideas, a really smart trader. Good luck if taking this trade. For more information and insights into managing this position, scaling in, and understanding the logic behind the technical setups contact me via pm. I'm currently hosting a skype group, where I share trade setups and also provide traders with training, as well as 2 private webinars per week, and also giving tutoring via skype calls, on a one on one basis. Cheers, Ivan Labrie Time at Mode FX
Long
by IvanLabrie
4
GBPCAD: Ichimoku and time at modeGBPCAD looks to be headed south, with a potential weekly time at mode downtrend in the making. The price action supports this thesis, and we apply the ichimoku cloud indicator, the chart comes alive. Ichimoku paints a very bearish picture, confirming my bearish bias. There is clear rejection after crossing the cloud down and retesting it. After this, price shoots down, expanding range and triggering a daily time at mode downtrend. As a bonus, the last two daily bars close below the Kijun sen, after a bearish tenkan/kijun sen cross occurred. I have already entered, using a discretionary approach, but will add once I get confirmation that the time at mode weekly trend is valid. The target is 1.90509, to be reached by or before January 8th, 2016. For more information and insights into managing this position, scaling in, and understanding the logic behind the technical setups contact me via pm. I'm currently hosting a skype group for Forex traders, where I share trade setups and also provide traders with training, 2 private webinars per week. I'm also giving tutoring via skype calls, on a one on one basis for a different rate. Good luck if taking this trade with me. Cheers, Ivan Labrie Time at Mode FX
Short
by IvanLabrie
7
GBPUSD: Weekly view - Potential for a monster rallyThe Pound is at a make or break level. It's possible that Rgmov plots new 44 bar highs this week after the close. The advance after price tested low volume support below has been fierce but the lower timeframe uptrend signals have reached targets already. The level above price right now is a make or break one, where a confluence of technicals reside: Fibonacci time running out next week. If this move is of the same degree as the fierce advance off the lowest low to the quarterly mode, it must end asap. This is right at the 0.382 level from the highest high to the low since the last big decline ended. People ARE watching this fibonacci zones, as evidenced by the 50% level rejecting price (this was also a quarterly mode level...most likely this sent it down, but the fib 'was' there too) If we trace a speed line from each major swing high to swing low, we can see that the major decline one's has been broken up, the next leg up has been broken down, and the last one from current swing high to swing low is right in front of the advance. Will this one break up or will it contain the advance here? 10 period moving average of the highs lies above price right now. After this week's close, we will have a new uptrend mode, starting from the lowest low. If the week closes above, upside continuation would be probable. Weekly range expansion resistance. The most recent one is about to be breached, but the previous one lies right above the mode level. Modified Schiff Pitchfork's upper median line resistance. If we were to use a normal Pitchfork, then it would already have failed to contain price, and we would be looking at a trigger line long signal if this week were to close above it. This is also a significant long term trendline that many people will monitor, and it's about to break. Inside trendline broken up, this is bullish. I'll update this thread as we move forward. Cheers, Ivan Labrie Time at Mode FX
Long
by IvanLabrie
2
GBPJPY: Potential breakout trade / Time at Mode signalThe analysis of multiple timeframes in GBPJPY leads me to believe that we might see a bullish breakout emerge from this juncture. If we base on the relative strength readings, obtained from my ratio analysis, pairing gold vs each currency, we'd be biased towards a bullish trade setup here. Although rgmov doesn't signal a new 44 bar high in any timeframe, the monthly does have a recent uptrend, which turned into a lengthy sideways move, and price is emerging right from support, so this opportunity should be considered. Check out my previous Nikkei chart, and the gbp/xau, an jpy/xau ones, as well as Tim West's own analysis on the Nikkei for more information. The 3 targets on chart are potential reversal zones as well, the low volatility enviroment we're in makes me think we have a very big move coming! I take this trade as a hedge against my longer term shorts in usdjpy and my eurusd and usdchf longs. It's good to keep a balanced portfolio when opening and managing multiple positions, without being incoherent with our own analysis and methodology. I'll post uptades and send broadcasts with more information, related charts and associated add on trades to my followers at collective2. Check out my profile for details. Currently offering a 15 day free trial. Kind regards, Ivan Labrie Time at Mode FX
Long
by IvanLabrie
9
GBPJPY: This might be it...GBPJPY is offering a significantly interesting short opportunity, the telltale signs are there. If we look closely, we see that price has bounced from the biggest mode in the downtrend since 1991, and could never go back over it. In time at mode terms, we have a very clear weekly downtrend signal, confirmed by rgmov in the daily plotting a new 2 month low. This offers a very good short setup if we get a retracement entry. Be sure to take it! Entry would be anything above 191.91, with a stop loss slightly above the weekly mode at 193.468 (make it say 193.568) Good luck! Ivan.
Short
by IvanLabrie
13
GBPUSD to confirm short soonThanks to The Working Trader for bringing this to my attention. We have considerably bearish GBPUSD news, mentions of a possible rate cut, amongst others... The technical setup in both daily and weekly charts is clear, downtrend continuation. My time and price target is ultimately 1.41021, to be reached at or before June 1st. The entry hasn't been confirmed on the daily, but RgMov is already printing new lows ahead of price action, which is a bearish signal. I'll update with my entry short. Cheers, Ivan.
Short
by IvanLabrie
3
Nikkei: UpdateCorrection started, as expected. We now have a bearish target in sight: 19184 by April 27th. This level and date will be a potential retracement area, or reversal, depending on how price action evolves. Considering the scale of the uptrend, I don't think this correction will end there, but we'll see. Better expand as we move forward. I am short GBPJPY, and monitoring SPX, EURJPY, AUDJPY and USDJPY for important clues about this large development. Will post updates here.
FX:JPN225Short
by IvanLabrie
14
Position trade: EURGBP shortI went short today, after getting a bearish signal confirming a possible large decline in this pair. The BOE is maintaining a hawkish view, which spells nothing but trouble for the Euro. Introduction of QE by the ECB in the coming days will seal the deal, making me consider an extreme target of 0.68013 and an intermediate term one at 0.7552. The level I consider as invalidating is a retest of 0.7951, which would make the pair start ranging. If the trade were to turn against me and travel 100 pips up, I'll enter a second batch with the same lot size. If it were to continue trending up, as long as the invalidation level is not reached, I'll increase the position to average out. Good luck!
Short
by IvanLabrie
18
GBPCAD: Perfect long?Thanks to 'The working trader' for bringing this up. This is my own take on this pair. The chart shows the time at mode bullish setup I'm looking at for entry. I suggest buying the dip if possible. I'm seeing potential for a very large move to the upside, favored by an uptrending rgmov, completion of the downtrend signals in the recent decline reaching a 0.786 retracement of the previous rally, which looks like the retracement you'd get after an impulsive rally culminating in an extended fifth wave. The fundamental landscape, paired with the multiple correlated markets influencing this currency pair make me rate this trade as too good to ignore. Good luck! Ivan.
Long
by IvanLabrie
9