Shorting till 0.764 fib level. This area is where consolidation occurs - as shown by the circles on the chart. Overall trend is still bullish as long as the key pyschological support 10,000 holds. Thus why I am hedging by buying GER30 futures. Stop loss on buy positions 10,179 and 10,000.
NZDUSD - Long with Correlated Commodities Chart explain itself.
Waiting 884 to break to enter long on platinum for long term
Corn is ripe for the picking and ready to POP. With glut of corn in silo's we like the downside...BUT, this can either way. Be nimble. We expect a nice 6-8 day run.
Coffee still in Bearish trend in weekly and monthly basis. So its time to take this action to make some profit. I'm watching coffee index and its almost 100% correlated with other coffee futures.
Additional chart for euro's corellation EWA. Anyway long, buy from 0.98061 if you wanna to run in B wave, and buy from 0.97475, 0.95952, T/P 1.06000, S/L 0.94629
If you go overall support we get to 390$. If support 420$ maintain the price go up to 460$.
This is a trade we took with our group. We went long as depicted in the chart below. Feel free to contact me if interested, we are always on the lookout for quick and safe profits. Cheers, Ivan Labrie.
In this chart we can clearly see that the monthly uptrend is intact. If I include the previous uptrend data into the mix, the time at mode signal gives me room to rise to 11580.73 in 11 months or less. The stop loss has to be at 1548 for this monthly long, and we have two potential entries, 1921.41 and 1724.11. I don't think the second one will be filled, and the...
Quarterlies Long Setup for Retrace to 50% Fib level of $434 Stop loss @292
Simple analysis on chart. This correlates well with my intermarket analysis view, a monster eurusd downtrend and a massive EUSTX/DAX rally. Trade has good probability, but it's most importantly a forecast, and part of my current market worldview, like Van Tharp calls it. Good luck if taking the trade. If you want live updates and more information, make sure to...
At the moment the federal funds rate is at 0-0.25% (average: 0.125%) The graph shows the CME federal funds future expiring october 2015. This shows the market expects no rate hike this meeting. You can also look up the implied probability on the CME groups website, just google cme fed watch if you want to see another month: look up name of future contract on...
In this chart I conducted a very detailed time at mode analysis of the monthly chart in gold, adjusted by the world's investor's perception of the dollar to give us a clearer indication of its value. Right now, the chart suggests gold might have bottomed in the intermediate to long term. This is by no means a small claim, I know, but the technicals on chart are a...
Strong divergence in copper shows that the bearish trend is possibly ending. No long position before a break over 2.5 though.
We have an interesting technical setup in gold, might start moving today with the US GDP news. Anything under 1143.26 is a buy, as long as above 1129.87. Aim for a retest of the high at 1156.65 initially, then for target #2 we can look to take some profits at 1170-1176, and for target #3 we get a lower probability move to 1220.38. You can split the entry in 3...
The $NQ is in the same situation as $ES. Choose your poison. We will not take the direct break. We will wait for a pullback to trigger on a shorter time frame. ANY CLOSE ABOVE 4370 and we will change our sentiment. Next week should be fun. NO TRIGGER, NO TRADE!
The $ES is in a tricky spot. Major resistance is above but is also butting up against a hidden resistance area now. It will take some serious buying to get us up to the watch areas. This is not a sell area for us however it is in the $NQ (see post). For now we will keep the $ES on the radar.
The Euro is back under major resistance...was this a fake break out? We are watching closely and looking for opportunities to the short side. if the bulls rally and take out the most recent highs then the squeeze will be on and Euro bears will be jumping off the ship. We want to see a test of the major resistance and sellers to step in. NO TRIGGER, NO TRADE!