NZDUSD has an interesting setup here. RgMov has now changed direction showing the trend is potentially down, so it might be safer to sell it at the top of the ongoing correction, to rejoin the recently started downtrend. This makes me think gold and the Euro will behave similarly, which is what I had originally thought. The dollar long term uptrend might have...
We have a very nice trade opportunity here. Price has found support at the highest activity level in the current uptrend, which means it has good odds of turning up from here. NZDCAD has a good uptrend continuation setup. You may take long trades here or on dips. Stops should be under 0.9441 at least. The trend is up, and ready to resume the move to new...
The 8h chart shows a nice buy opportunity on a break of the last bar's high after the close. The RgMov indicator shows the trend is up, so buying pullbacks is always a good idea. I'm adding a 25% position here, and adding 25% more on a break of this bar's high, targetting a retest of the 5350+- zone. There's also a chance that we break the highs, triggering a...
If we're stopped, we'll have a chance to go long lower, but let's try here first. Good luck! Ivan Labrie.
We should be seeing a turn in the Euro very soon. I'm already long with a wider stop and looking to add to longs. I advise caution today, the market is awaiting Draghi later today. We're overbought in 4h, and RgMov shows bearish sentiment in this timeframe (contrary to daily and weekly bullishness), so a new low could trigger selling in the short term. What I'd...
How are people still bearish on SPY? I'm glad I didn't close my equity longs, although I did have a stop out at break even on my SPX position overnight. The way SPX bottomed against the BIG$ support level obtained from VIX showed us there was going to be a rally once again. The reaction to Trump's increasing odds, and finally victory in the elections was...
This is potentially a very good trade, for the time being, we can expect it to retest the top of the range. If you didn't buy with me and my clients yesterday at the close, you can buy here, risking a new low under the recent lowest low. Target is at least a retest of the previous rally's top, but it could evolve into resuming the longer term 'Time at mode'...
We might get some more downside next week, but I think we'll see a sizeable bottom in gold very soon. Only a matter of days. If you want to go long, wait for prices under 1200, I think this would be enough to wipe out all bulls and hit a sentiment extreme, causing a bottom. I expect commercial hedgers to go flat, or net long again when this happens as well. That...
We have a new key level, courtesy of Bitmain's CEO, who decided to tweet about his support and potential funding of Bitcoin Unlimited, an alternative to Bitcoin Core development, which could cause a situation where there are multiple Bitcoin block chains, dividing the community. Naturally, this scared some bulls off, and we had a selloff, but I think it's just...
I'm not using stops for BTC trades, focusing on the longer term trend, I shift between 15% and 80% exposure to it in the BTC account I manage. We can top up to 80% account exposure buying here in a couple hours. Don't use leverage! I'm currently 30% long, with no leverage, and adding here as explained on chart. Good luck, Ivan Labrie.
The 2-month bars in gold show a very clear downtrend, and its dynamics. The 'Time at mode' technique shows us that bears drove the price down, after a distribution period of 16 months at the top, followed by a very sharp decline, which met the prognosticated target quickly, before stalling for another 18 months. The next decline wasn't as sharp, and we noticed...
Just wanted to document my trade entry...I think we have the bottom in the Euro here. See my related idea for more insight into the analysis. Good luck, Ivan Labrie.
I think it's fairly certain to see more upside in USDARS right away. If you own pesos and live in Argentina,it's wise to sell them for silver/gold/dollars periodically. Now is a good time. I reccomend splitting with a bigger weight on USD bills, due to gold and silver volatility. Right now, the trade favors dollar strength, so you'd increase your dollar holdings...
BTCCNY is breaking above the recent key resistance generated by the news related to Chinese capital controls. It seems that the news were discarded as a rumor, and now investors have absorbed the selling, and are ready to bid prices higher. I'm holding a 30% long position now, since I doubled at 4918 and tightened my stop loss to 4870. My average entry is lower,...
EURUSD didn't hold the ECB key level support, and closed below it. If today's bar plots a daily HIGH above the 1.7490 mark on close, we might still have a chance to enter longs tomorrow, on a break of today's high, and stop under today's low. Right now, I'd reccomend waiting one session, and monitoring the activity as I describe. This chart depicts the ECB key...
USDCAD has an interesting short setup here, after retesting a heavy resistance zone, apparently completing a terminal pattern, completing a correction before more downside. We can short on weakness, and short rallies to the 1.35 zone. Price shouldn't go above 1.35565 here, so place a stop there, rather simple. Good luck, Ivan Labrie.
I think we could be about to see a turn in commodities again, but I'm still not entirely sure about gold. We can either rally from here, and don't make any new daily low, or break down, stop everyone out, and test the zone between 1200 and 1180, before turning up again. This would depend on how equities behave, and what the flow of fundamental events is this week,...
I'm entering longs on strength, once we break out from the linear regression channel here, the long will be safe. The options expiration support level and the yearly SMA give us a some peace of mind as well. Good luck, Ivan Labrie.