This 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
评论
⋅
We can obtain a weekly entry into this trend after the close.
评论
⋅
交易开始
⋅
评论
⋅
On track.
评论
⋅
En route.
评论
⋅
No change to forecast.
评论
⋅
Good chance to add to shorts, stops at 1.4733
评论
⋅
No doubt that we will hit targets for now...
评论
⋅
What a visionary huh?
交易手动结束
⋅
Looks like this down trend expired last quarter! Now we have a higher high, I think GBPUSD will hit 1.59 next. Should be good to trade this rally on lower timeframes when safe.
Thanks, the stop is really wide for a monthly trade, but it's a long term position.
The idea is to serve as a guide for shorter term trades too.
cooney_s
⋅
Great call on this Ivan!!! I've been watching the Pound as a great proxy to short GbpJpy.
IvanLabrie
⋅
Thanks.
Rarely do things trend in FX, and rarely do they confirm a quarterly trend using time at mode.
It's a good guide, just sell any rally in gbp crosses. :)
Cheers!
cooney_s
⋅
yeah, Brexit theme seems to be taking a firmer line south. Pound could drop quite a lot.
vaicru
⋅
well done !
moorekapital
⋅
In this w/ you, Coach. Hopefully we make loads of cash for Christmas ^_|^
bilk29
⋅
going down..!
IvanLabrie
⋅
It's a very strong downtrend, quarterly scale.
Unless gbp manages to climb above the blue line, it's heading down.