IvanLabrie
Short

Lumber: Potential top spotted

CME:LS1!   LUMBER FUTURES
6 months ago
Lumber futures appear to have topped against a massive monthly mode.
You can go short with stops above the highs to be safe, target a retest of the uptrend mode from the lows.
I overlaid EURUSD             and USOIL             so you can compare the price action. It's clear we're witneseeing a major dollar rally here. I wouldn't discard its significance. If you're not in any of my recent suggested trades, try to catch this and USDCAD             , even buying at market now is viable with stops under yesterday's low. See related ideas for an entry we can take in oil             .

If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.

Cheers,

Ivan Labrie.

Link to Tim West's chatroom: https://www.tradingview.com/chat/#c8BzrhGRvXxGXWnJ
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
6 months ago
Comment: Good progress.
6 months ago
Comment: I believe this is how oil would look if it weren't for manipulation...
6 months ago
Comment: Almost 1R, looks perfect, hope you managed to catch this in the appropriate contract.
6 months ago
Comment: More than 1R profit reached.
6 months ago
Comment: Resuming the move down it seems.
5 months ago
Comment:
snapshot


You can add here at market with stops at 302.2 (basically, yesterday's high).

Risk half.
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).
Ah hah, good find
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xiiimik
6 months ago
What do you think of GDX (gold miners)? Guess it is going down.
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IvanLabrie PRO xiiimik
6 months ago
I shorted gold at 1266, I had recently suggested shorting or at least selling NEM or miners in general a few days ago at Tim's chatroom.
I think it topped for a long time too. Probably until end of year.
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xiiimik IvanLabrie
6 months ago
Ok, will look at your post about NEM.
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IvanLabrie PRO xiiimik
6 months ago
It's a bit tricky to find the messages in the chatroom history.
NEM outperformed GLD by too much, and was already a good short candidate.
You could probably short it today with reasonable risk/reward.
snapshot
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