DXY is tracing a very strong uptrend, but it's likely very close to hitting an intermediate term top in the 99.31 to 100.05 range in a couple days. With the election so close, I think we will see fear subside, and thus, dollar strength to wane until the rate hike fears are a concern once again, closer to December. The chart gives us a proyected uptrend slope, and...
BTC is about to confirm a weekly uptrend here, after this week's close. Unless something strange happens and price suddenly drops under 4310 cny, we can expect the signal to trigger an uptrend to 7047.01 give or take, to be reached within the next 8 weeks. I reccomend holding a 15% spot long position, if not already in, you may go long gradually as price drops...
The USDJPY pair is tracing a strong long term reversal in my opinion, and here we have an opportunity to join the trend with minimal risk. You can go long at market, using the long term stops on chart, close to 101.2, or, take a buy stop order at 104.703 (good for the day), speculating that Kuroda's speech will take care of triggering this daily uptrend, with stop...
I'm looking to go long the December 2017 contract if we hit the target specified on chart. I'm not detailing the money management or the trade plan here, I reserve that to my clients, but we could certainly see a bounce very soon, but we need a flush of weak longs to achieve sufficient negative sentiment for a bottom. I was expecting a faster rally, but that...
Go long on a breakouf of Friday's high, stop at Friday's low minus 1 tick. If we break above 13.73, we could see long term uptrend continuation. CEF is a good addition to your portfolio, you can read more about it here: www.centralfund.com It's a closed-end fund, which offers a good alternative for low-cost investment ownership of gold and silver bullion. CEF is...
As you can see in my previous publication, we had a great opportunity to enter longs starting the year. Now we have a similarly great opportunity at the end of this correction here, and close to earnings support. The risk is the earnings report still pending, so start by buying a 0.25-0.5% exposure long, with $5.61 downside risk from here. I wouldn't use a stop...
We had covered our previous short for great profits last Friday, and we're now looking to rejoin this downtrend. It's safe to short any rally, or to short if daily prices go to 1.24795 or higher. To make sure we're in, we can divide our entry in 2 or 3 parts, and just take a smaller entry at market open, splitting risk equally between these positions*. It appears...
EURUSD landed on the weekly uptrend support, from where most rallies took off. We can enter longs here, we might get back to the top of the Brexit range, unless the dollar gets a major fundamental boost by December. This could be a very good intermediate term trade if we're not stopped out. Go long on a break above yesterday's close. Good luck! Ivan Labrie.
We have a nice chance to enter longs in $PAAS here, if we break above Friday's high, we'll have a chance to retest the resistance above, as the arrow indicates. Risk is a new low, so the stop is really tight. $PAAS has some of the biggest mines, and low operating costs, although still not profitable, so, it's not suitable for longer term investment unless you size...
Updating my previous posts about Deutsche Bank, it seems like we'll see a bullish phase in equities, with a rally in Deutsche Bank shares for the next few days. It'll be interesting to see how it evolves after the time at mode time and price target is met. Keep an eye on either 15.23 being hit, and October 27th. Cheers, Ivan Labrie.
Today we added a couple shorts, I'm posting the trades we currently have open but not providing entry/stop suggestions. Only trade them if you have a trading strategy, or, ask me if you're interested in learning more about the one we use (Tim West's 'Key Hidden Levels' and 'Time at mode'). We have some worrying bearish signals, so it's a good idea to have a...
Today we added a couple shorts, I'm posting the trades we currently have open but not providing entry/stop suggestions. Only trade them if you have a trading strategy, or, ask me if you're interested in learning more about the one we use (Tim West's 'Key Hidden Levels' and 'Time at mode'). We have some worrying bearish signals, so it's a good idea to have a...
PBF has a solid setup here, it's bound to breakout above the highs soon, so we can start buying gradually until it shoots up. Good luck! Ivan Labrie.
We can enter longs safely here in USDSEK, this is potentially the final chance to catch this massive uptrend. For the long term position, a wide stop is important but we can take a swing trade risking a stop at a new daily low under today's loww as well, additionally, but you will have to trail stops more aggressively with this 2ndary position. Risk a total of...
In my previous publication I had signaled a good spot to go long AUDUSD, based on the support level that was tested, after breaking out of a linear regression channel, and landing on a VIX generated support zone. Commercial traders have been a reliable source of information so far, and you can read my analysis on the subject in the previous post. I have part of my...
Palladium has an interesting chart, and bullish potential. Right now there's an active 'Time at mode' signal which points to a 7 bar decline which is already active. The time and price target implies that we will see 600.556 hit by November 3rd or sooner. If that doesn't happen, we get a bullish signal. There's already a bearish failure, since bears didn't manage...
ABMD has expanded the monthly range down and is at a very strong support zone here, hitting a high volume level, close to earnings support and the yearly SMA. We can enter longs risking $14 downside, and aiming for $30+ upside. Each time we expanded the monthly range down, we had higher prices in the next 3 months, on close, from the monthly close (which now is...
NEM has a nice setup here, I just swapped my $ABX shares for $NEM here. Risk is $2.53 per share here, and upside is modest, until we break the earnings resistance above, but the entry is pretty safe now. Good luck! Ivan Labrie.