NASDAQ:IBB   ISHARES NASDAQ BIOTECHNOLOGY INDEX FUND
3 months ago
Same theme as SPY             , we have an excellent long opportunity here. I like the VIX             and pseudo-VIX activity today ( USDMXN             if you might ask), so I think we have a bottom in place here. Stop is a new low, risk 0.5% going long at market open, add to reach 1% risk on dips in the following 3 days. You may or not hedge with either a half size LABD             position, or IBB             puts at $255, Dec             16 expiration.

Good luck!

Ivan Labrie.
3 months ago
Comment: Good progress on longs, back in profit.
3 months ago
Comment: Conservative traders are in the money now.
3 months ago
Comment: I didn't get any love for this one haha...anyone in?
3 months ago
Trade closed manually: I'm out.
2 months ago
Comment: I'm looking to reenter, within 3 days or sooner. The pullback is giving a fantastic opportunity to buy back with a hefty position.
2 months ago
Trade active: Got back in today. -I also shorted NVDA-
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803). KHL telegram group: https://t.me/joinchat/AAAAAAqHRWYvrLlfpF0StA
G13Man
3 months ago
you are nailling these
more proof u got it , bullish brake above cloud
snapshot


and did not full fill H&S
unless its a complex shoulder
snapshot
Reply
IvanLabrie PRO G13Man
3 months ago
@G13Man, thanks, yes, it'll probably start stalling here. We can rebuy lower, no need to stay invested. Too volatile. I hold 20% account in SPY from $210 though. Not closing that.
+1 Reply
G13Man IvanLabrie
3 months ago
@IvanLabrie,
snapshot

the 1 year is scary , the wick at the top and in cloud
then dropped back below,
funny how i looked at this earlier then u posted , so i dig deeper ,
agree wait thanks+1
Reply
IvanLabrie PRO G13Man
3 months ago
@G13Man, the cloud shows you a level that is quite good at the top. Notice that the flat portion of the red cloud to the left aligns with this top area.
You can look at each swing's highest low or lowest high in the daily. That's usually a good level. If it breaks up, that's really bullish.
I still think we can easily buy dips, just need good timing. So much easier than shorting.
Reply
G13Man
3 months ago
sry i missed it 9 days ago
but as we delved in , ,, it seems smart,
but keep it on watch
Reply
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