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.


Ivan Labrie.

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

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

Risk half.
What do you think of GDX (gold miners)? Guess it is going down.
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.
xiiimik IvanLabrie
Ok, will look at your post about NEM.
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.
Ah hah, good find
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