Simple trade here too, short half now, add on retrace to 1.31424, stop for both trades: 1.31847. Risk 0.5% on each entry. Minimum target: 1.29 If interested in access to my trading signals or tuition services, message me privately. I'm offering a discount for trading signals and tuition for one year. Contact me for details. Good luck! Ivan Labrie.
The VIX index shows us that the smart money actively bought the dip from the Sept. 12th, to yesterday's high. This range gives us a long lasting support/resistance level that the market will acknowledge in the future, and that can serve as guidance for us as well. If we see a breakout from here onwards, and we manage to stay above this range, upside is highly...
I'd reccomend looking to exit from biotech longs before news this week. The resistance level between 290.75 and 293.47 is quite significant, and the forecasted target from my previous chart is almost hit. Anything above that target is a really decent exit for now. The market being sideways, is what would frustrate the most people, and thus, it's the most likely...
In this chart I examine the trends in the Russell 2000 index, from the perspective of the 3-day chart. We can see how the previous 'Time at mode' signals that triggered in the past, forecasted the duration and price range of each rally before a pull back started, and the speed line support levels held, giving way to uptrend continuation. Now, we're in a tight...
We're long INTC, and in good profit. If not in you could risk an entry here with stops under 35.89 for the long term. A more conservative plan is allocating 2% of your portfolio to it, with no stops. Upside is tremendous, so hold it! Good luck, Ivan Labrie.
I reccomend purchasing $SPY puts, and/or going long SH at market open tomorrow. We can use a stop loss at 38.36, which is rather tight but safe, and go short risking 0.5-1% of the account. All in all, the range expansion validation target failed to confirm the bullish momentum in SPX, so I'm inclined to revert back to shorting it. We might be soon to validate the...
This stock is acting great (and similarly to $PBF and $MPC, it's a great long term play, with immediate entry parameters). If not long the stock you can look to get long on either, dips to support, price moving above the previous daily close or a new daily high. As long as it stays above the light blue box, it's highly likely accelerating to the upside, and...
I'm long once again, risk is a drop to 4735 here. We need to see a push above 4906 today to validate bullish momentum, else, we might see a selloff if support doesn't hold. My speculative plan is to go short $SPX if it fails to validate the bullish momentum, and simply close longs in this instrument (and study wether I want to close my equity positions or not, or...
The market is awaiting the news on Wednesday. I expect the market to remain sideways for the most part, so I'll look to trade each swing in the short term. After FOMC we might have a longer lasting directional move, up or down. For the most part, it's possible to confirm a big uptrend if by the end of October we don't retest the 2100 level. If on the other hand we...
We can take a long here at market, and utilize a 25% trailing stop loss. Targets are simply new highs, although we could see a resumption of the weekly uptrend in which case it could go considerably higher. Don't exit longs, simly trail the stop loss up. Kraken does this automatically for you, so that's quite handy. Check out my updated track record here:...
We have to wait, to enter longs in the Euro, against all odds, and the established bearish view on it. It'll be safe to enter once volatility in this piair quiets down. News have driven prices down in the short term, but there is a good probability of getting uptrend continuation after retesting the 'Brexit key level' zone. Stay tuned for updates. Cheers, Ivan Labrie.
If we don't see bearish follow through within the next 3 sessions we can expect further upside in crude. I'm long small with a wide stop, and looking to add and tighten the stops soon. Good luck, Ivan Labrie.
The time at mode trend signal in USDCAD has exhausted the forecasted upside, so it's likely to return back to the uptrend mode as the arrow shows. We can short under yesterday's low today, before the close. If not filled, we can short under today's low, with a stop at today's high after today's daily close. Risk 0.5-1% on the trade. Good luck! Ivan Labrie.
We can get long NAS100 here, and exit at the resistance level above: 4733 It's highly probable to have a pullback today, before the downtrend resumes its pace. Vix is giving a buy signal here, watch all quality stocks against earnings support after the market opens. Stop by the Key Hidden Levels chatroom if you want to learn more about this. I'm holding my SPX...
Looking at the daily chart we find a few key points to consider that we can't stress enough. Last Friday saw a low activity day, which closed as an inside day, showing a loss of momentum from the bullish camp. It's possible the burst from the previous session was short lived and we're witneseeing a sideways move before more clear direction emerges, as the market...
Bitcoin's uptrend came to a halt recently, and we've now failed to hit the required level above on time. I'd expect either a triangle or downtrend continuation here, but not a move to the upside. The Bitcoin ETF, GBTC also shows heavy selling, so it might anticipate further downside in BTCCNY, at least until GBTC gets oversold. If long from lower levels, and for...
It's possible the gold uptrend has ended, but, we have one last chance to go long here, stop should be below 1297.56. Opportunity is significant on both sides of the trade, so let's give it a shot. We can long with a tight stop at 1297.56, but if we see a new low RgMov low below 757.67 we can instantly flip short, expecting the weekly downtrend signal to pan out....
We might be in the presence of a terminal impulse, concluding a larger corrective structure in the Dow Jones. The longer term wave count is incredibly complex and I won't attempt to perform the proper Neowave analysis of it, but, I'd like to point out that the recent juncture appears to be a terminal pattern, which would imply we might see a rapid decline and a...