I'm currently holding 15% of my capital in non-leveraged long positions in BTC after closing my leveraged longs for a nice 2.5:1 profit, or 10.375:1 if you factor in the floating drawdown while holding it. I reccomend holding if you're long, you can book some leveraged positions, but don't sell BTC you own, unless it exceeds 80% of your Bitcoin trading capital....
AUDUSD has a very bullish long term, intermediate term, and short term chart. We can add to our core positions, if we make a new daily high. We can also take a short term trade once that happens, with a tight stop at the previous daily bar's close. Target is roughly 0.77 for the short term position, and over 0.8350 for the long term entries. Long term positions...
We have an interesting spread between copper and oil, with the ratio chart showing signs of outperformance in Copper, relative to Oil today. We might be at a local bottom for this ratio, which paves the way for AUDCAD longs, as well as trading Copper and Oil futures/CFDs as a pair, going long Copper, whilst simultaneously going short Oil. This is a very...
This chart shows the price of gold, adjusted by the dollar, which shows us how foreign investors' currencies fare against gold. So far, it's clear we have an uptrend, in the long term, but right now, we could be in the presence of a lengthy sideways consolidation. Most traders expect a massive rally, and a crash in equities. I think none of the two will happen,...
TSLA is at a great spot to scoop shares for the long term. Factor in the volatility to size the trade. You could spend 2% of your account on it, perhaps a bit more but not more than 5%. For swing trading, your risk is 15 dollars per share here. This level has held almost all declines so far, and price's turning up from here. The massive short interest makes for...
Traders, we have a bullish setup in oil, as you all know and judging by RgMov, it's unlikely for it to give dips to join the uptrend, or least, not when everyone's begging for one as they unwind shorts in loss. Pay attention to the two red dashed lines on chart. These two are speed lines, and determine the 'slope' one can expect from the uptrend, which if...
FB has traced a 'Time at mode' uptrend signal in the 3-day timeframe, and has also a pending monthly target that needs to be hit during October to validate the long term monthly uptrend momentum here. It's possible we see this target met during earnings, so being long is the natural thing to do here. Fundamental valuation isn't good for FB here, it's expensive,...
AXP has a very interesting setup here, and it appears it can rally strongly over $80 from here. The setup is a bi-weekly 'Time at mode' uptrend, so we can enter longs at market risking a reasonable $4.59 per share, for a total of position of 3.5%-7% of your capital (no need for a stop loss). Good luck! Ivan Labrie.
USDCHF has a very strong explosion pattern setup, a 'Time at mode' trend signal like the one I recently posted in the Nikkei. The quarterly chart has a potential 15 quarter uptrend which will confirm by the end of the year if we don't retest 0.9580 by then. We can take a long term position risking a drop to 0.9761, and a shorter term trade with bigger size, aiming...
Odds are that we're seeing the resumption of the long term advance suggested by the 6-month and 2-month charts in the dollar. Right now, it's pending confirmation, which will materialize once price hits the 99,58 mark here. There are to logical targets for this rally, one 7.82 points higher, and the other at 116 give or take. If price manages to break above 116,...
Silver has a similar pattern to that of gold, naturally, so I'm splitting my risk between the two here. The setup is the same, but RgMov is slightl different here, less negative than in gold. Futures positioning is similar as well, so, we have to take the same precautions in it. Good luck, Ivan Labrie.
We have a potential buy signal here, but there's risk with record high short positions by commercial hedgers. I'm risking 0.5% only here, if we break into new highs now, and flipping short if we break back below the stop. Daily trend briefly turned down but the weekly is still up, and there's a lot of retail bulls, so tread with caution. Good luck, Ivan Labrie.
MCD is in quite bad shape, fundamentally speaking, and it's in a steady weekly downtrend. There's a currently active weekly signal, that aims for 99.10, in the long term, but it's also about to report earnings for Q3, so it'd be better to wait for the new Key Earnings Level to form, to enter the short side. Any rally here is a sell, due to the valuation and...
It appears like IWM will go sideways until the elections, since prices are contained within the range of the recent post 5 point spike in VIX buying spree, which sent prices to a new all time high, to then see a tight range and another sharp decline, and another 5 point spike in VIX, followed by a brief rush of buying, now almost entirely retraced. I'm monitoring...
Let's monitor IBM here, after earnings we might a drop down to support, where it can be an attractive long. We have to wait one day more after earnings are out, to trade it, but we can already label the key levels on chart, and determine what our bias is going into the report, and what fundamentals tell us. I like IBM here, specially if it drops lower, with 8.5%...
The 1h chart shows interesting developments in oil. We are long, in red with the last entry, but holding patiently and waiting to add. The level above needs to be broken and buyers need to defend LOWS above this region. We shouldn't see any movement below 49.36 for the daily trend to remain up. Good luck, Ivan Labrie.
AUDUSD gives us plenty of clues whenever we record the key levels after major monetary policy changes or simply news related to the RBA. If we check these levels, also paying attention to levels generated from international events, like Fed news, or events like Brexit, we can get a clear picture of what is more likely to happen and what price has to do to sustain...
I'm updating an old chart so you can see how the methodology worked here. EURUSD had a dramatic drop lately, but it has found support at a very important support level originated from price action surrounding one of the G20 summits. In these, typically we've seen attemtps to curb dollar strength, so they have worked well with EURUSD as reference and also, as...