This is an example of how you can trade the SPY setup using RgMov and CCI signals. The strategy is to sell overbought rallies after RgMov puts on a new 44 bar low, until it makes a new 44 bar high, and viceversa. Specifics of entry and exit are reserved for my trading course students naturally, but you can obtain some tips from Tim West's publications on the...
I reccomend taking longs in DXY here, stops under 95.48, and risking 0.5-1% on this trade. It's highly likely the trend will resume it's monthly pace, and head up, and make new all time highs, but for the time being, you can aim for everyone and their mother's stop losses at 97.57. Good luck! Ivan Labrie. ps: If interested in access to my private tuition and/or...
EURUSD broke down sharply today, breaking the recent daily uptrend support, so we can look to take shorts from here onwards. A retrace to the red triangle's apex on chart would constitute a great entry, but it's unlikely to see much of a retrace, since we now closed below the monthly downtrend mode, a huge level. From here we could expect downside to below parity...
We have a nice setup here, you can take an equal dollar weight, which if trading futures, is roughly 2:1 on silver vs gold allocation (long/short). With stocks it's simple, I reccomend a 7% capital allocation to this trade, per side and no stop loss. This is quite easily a 4R trade once it pans out favorably. Good luck! Ivan Labrie. PS: Contact me if interested...
We can enter shorts in TLT in two different ways. One is derived from the daily and weekly charts, the other from the monthly. If more conservative take only the monthly trade. Otherwise you could risk half on each. I think the bonds have topped here and we'll see continued yield onwards. Good luck! Ivan Labrie. PD: if interested in my trading signals or private...
I don't think PAAS investors will be able to prove Isaac Newton wrong here. Silver shows potential for a downtrend in the intermediate term, which makes me think it's time to short PAAS. Entry is at market, with stop at the highest high + 1 tick. You could also look to short calls, or other option strategy, but I'd rather short the shares. We can aim for the 15...
Spread between GBPUSD and CADUSD is too wide, it'll be closed soon. We can see that this is a clear long. Let's use a safe and more conservative stop loss for now. Cheers! Check out my updated track record here: pastebin.com If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a...
We have a good opportunity to go long GBPAUD with a rather tight stop loss here. Now that RgMov shows us that the trend is up once again, we look to buy on oversold dips, but that might take a while, after this first run up is done and momentum slows down in this pair. Good luck! Ivan Labrie.
The Gold/Silver index is well supported here, against the former long term downtrend resistance, now turned support, plus the recent uptrend mode (most frequent price in the advance). If we have good follow through to the upside tomorrow, we can expect a sizeable bullish move in precious metals. For both gold and silver instruments, you can enter longs at market...
The monthly downtrend appears to be about to end. After the month closes, I expect gbpjpy to head back to the 160 handle over time at least. You can go long risking a decline below 132.233 once the market opens today. Good luck! Ivan Labrie
USDJPY exhibits signs of a large scale trend reversal, to be initially confirmed after August's close, as long as the month ends with USDJPY trading above 102.611 on close. We shouldn enter longs at market open, as described on the chart, risking a 1/3 of our maximum risk per trade, and adding if we get a dip to support with the same stop loss. This will keep the...
We reentered USDCAD longs today. I expect a strong rally to emerge from here, today's strong close after a shakeout (post Yellen's mumbo jumbo) gave way to a solid advance that broke the Brexit key level resistance. If we observe that next week's trading stays above the blue rectangle (the weekly uptrend mode), we will get confirmation of a rally towards 1.372, to...
Hi traders. I'd like to share a few tips, that many traders ignore (I'd dare to say most). If we compare the different dollar pair's performance over different time periods, we can glean important information, as to what cross pairs to trade, and reap some nice uncorrelated to oil, DXY and stocks returns. This is one of the advantages of including Forex in your...
We had a massive breakdown today, it's likely to get a time at mode short signal to confirm on Monday, if we don't retest the blue rectangle above. If not short, you make take positions at the open. Risk 0.5-1% on this entry. Target is just the support below, but it could retrace after hitting the box target, or after the time projection ends. Either way, I expect...
We can risk going long USDCNH, with stops under 6.6224. Risk 0.5-1% on this trade. Good luck! Ivan Labrie.
We can take this long here, risking a drop under 0.97612. Target is not set in stone, but watch how it evolves. We're testing a critical support level, but also facing considerable resistance, so we might have to be patient. I still think the trend will continue to be up, so, not a huge concern to hold this. Good luck! Ivan Labrie. PS: I had a moderator comment...
Although we have a considerable amount of longs still, the technicals suggest going long silver is a smart thing to do. I like the idea of buying until it takes off...follow the indications on chart. The correction has matched the previous one, price range wise, but the timing doesn't match. We can estimate a target based on the previous rally, and on time at mode...
We can take AUDUSD for a spin again. Long entry is at market price, stop at 0.75836, aiming for a rally to 0.79414 ideally, but we'll monitor the progress as we go. Good luck! Ivan Labrie.