GBPAUD: Shorts are favoredLet's see if GBPAUD has what it takes to fight all the bearish signals on chart, and break above the previous downtrend mode resistance.
The weekly chart offers a time at mode uptrend expiration signal, which suggests price can retest the mode at 1.94578 in 14 weeks or less.
In the daily, off the recent swing low, an uptrend signal formed, but it has already reached its target, ahead of time.
This suggests it's possible to expect a selloff from this resistance level, also emphasized by the bearish hanging man candle pattern that formed in the last close.
I'll be monitoring for a short entry using the 4h chart, good luck if you decide to take this short.
This is a purely technical setup, we should do our own due diligence with it, since fundamentals for the Aussie don't indicate strength with the potential copper downtrend that we have detected in our group.
If you want live updates and more information, make sure to contact me via pm or skype. I provide signals for auto trading. I'm also providing access to a live trading chatroom where we give education to traders, as well as discussing the positions we're in.
All of these are free of charge for concordbay.com customers.
Cheers,
Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com
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TLT: Uptrend's doneIt would appear like the uptrend that had started a while back has ended.
I posted a few charts, and succesfully tracked all the moves in this instrument. This is a testament to Tim West's analytical methodology, which I humbly apply.
This is coherent with my intermarket analysis publication's expected outcome of the recent fundamental paradigm shift that made these new trends emerge.
A short under yesterday's low, with a stop at the high would be a good start.
It's possible that there is a very pronounced gap down today, so, if trading intraday, it might actually be a long, to try to capture a retracement back to resistance above, but ultimately I think that the direction is down, and fast.
If you want live updates and more information, make sure to follow me at collective2, where I provide signals for auto trading and via email for a monthly fee.
I'm also providing access to a live trading chatroom free of charge for concordbay.com customers, contact me via skype for more details.
Cheers,
Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com
DIA: Aiming higher it would appearThe chart shows a time at mode trend signal that aims considerably higher, but there are hurdles along the way.
It might be interesting to short once the resistances labeled on chart are reached, but only under the highest low.
We can also attempt to capture shorter timeframe legs, up and down, using the 65 minute chart for example.
It's clear that the broad risk on rally theme is back on track, question is for how long will it last?
The uptrend signal expires by November 9.
Let's see how it goes.
If you want live updates and more information, make sure to follow me at collective2, where I provide signals for auto trading and via email for a monthly fee.
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Cheers,
Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com
Sinopec: Bearish signals on chartSinopec, China's leading oil company and publicly traded company appears to be in a 6 week uptrend currently, leading right to a strong low volume resistance level, if the target is hit.
Overall, the bias would be to the downside, but there are a few different ways that price can behave.
The first would be breaking the blue line and heading straight down, and the others involve rallying an hitting the red resistance level before turning south.
Keep close watch of it, might be a good economic indicator.
If you want live updates and more information, make sure to contact me via pm or skype. I provide signals for auto trading. I'm also providing access to a live trading chatroom where we give education to traders, as well as discussing the positions we're in.
All of these are free of charge for concordbay.com customers.
Cheers,
Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com
BUXL: Uptrend expiration, massive shortSimple analysis on chart.
This correlates well with my intermarket analysis view, a monster eurusd downtrend and a massive EUSTX/DAX rally.
Trade has good probability, but it's most importantly a forecast, and part of my current market worldview, like Van Tharp calls it.
Good luck if taking the trade.
If you want live updates and more information, make sure to follow me at collective2, where I provide signals for auto trading and via email for a monthly fee.
I'm also providing access to a live trading chatroom free of charge for concordbay.com customers, contact me via skype for more details.
Cheers,
Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com
USDTRY: Time at mode long setup after elections shockSimple setup on chart, if it were to fail, then we would have to rejoin the short side.
Good luck if you take this one.
I'll be hosting a webinar tomorrow in preparation for the ECB speech, I'll post the link here and on my EURUSD and USDCHF charts. Stay tuned.
If you want live updates and more information, make sure to contact me via pm or skype. I provide signals for auto trading. I'm also providing access to a live trading chatroom where we give education to traders, as well as discussing the positions we're in.
All of these are free of charge for concordbay.com customers.
Cheers,
Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com
Multiple Dollar pairs suggest downThis is an interesting portfolio.
Will these pairs follow USDCNH's lead?
Is this the beginning of a new fundamentally backed intermediate term trend?
Or just a very nice short term short?
Setups on chart, we will cover these in our skype group's discussions.
If you want live updates and more information, make sure to contact me via pm or skype. I provide signals for auto trading. I'm also providing access to a live trading chatroom where we give education to traders, as well as discussing the positions we're in.
All of these are free of charge for concordbay.com customers.
Cheers,
Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com
AUDJPY: Interesting short term shortOn the verge of Japan data, we are looking at this potential short term short.
The monthly chart has an interesting signal, same as the weekly and daily, all demand lower lows, and fast.
It's possible that we get a time at mode breakout down from this zone.
Keep your eyes open to sell the breakout down.
Should be fast if it works.
Good luck!
If you want live updates and more information, make sure to contact me via pm or skype. I provide signals for auto trading and via email. I'm also providing access to a live trading chatroom where we give education to traders, as well as discussing the positions we're in.
All of these are free of charge for concordbay.com customers.
We had our first webinar today, contact me for the link as well.
Cheers,
Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com
LTCUSD: Buy stop above resistanceHere we have an interesting setup. We can attempt to go long if LTCUSD breaks above the resistance, expanding this week's range.
A stop loss at 2.969 and a target at 3.819 gives us a very nice risk to reward ratio.
Rgmov indicates trend is up, and we have a weekly downtrend that has expired, triggering a range expansion up bar.
After more than 5 weeks without new lows, volatility is very low, which is the right enviroment for a breakout trade, which also aims to capture the move when LTC catches up with BTC, in dollar terms.
If you are a LTC holder, once the target's hit, you can sell your Litecoins for dollar AND sell short with margin.
Good luck if taking it. Make sure to check out Tim West's "Key Hidden Levels" chatroom for more trade setups and insightful discussion with other traders and with Tim himself.
If you want live updates and more information, make sure to follow me at collective2, where I provide signals for auto trading and via email for a monthly fee.
I'm also providing access to a live trading chatroom free of charge for concordbay.com customers, contact me via skype for more details.
Cheers,
Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com
Dax: Potential monthly uptrend emerging from mode supportWe have seen a very volatile range in the Dax recently, in lower timeframes, but if we use a bird's eye view of the situation, we can see that the previous mode support from this leg's uptrend held and it's about to fire an uptrend signal.
My previous monthly downtrend analysis is currently invalid, and we can expect to get excellent opportunities on the long side here, on the short side in BUXL and the short side in eurusd (and long usdchf).
If you want live updates and more information, make sure to follow me at collective2, where I provide signals for auto trading and via email for a monthly fee.
I'm also providing access to a live trading chatroom free of charge for concordbay.com customers, contact me via skype for more details.
Cheers,
Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com
USDCAD: Short in preparation for today's newsAnalysis is simple, we have a bearish trend continuation trade, or at the very least a pullback in an uptrend.
USDCAD has encountered massive overhead resistance and might give a great short here.
I'll be hosting a webinar today, explaining how to enter this trade, and how to manage the position once in.
The stop loss can be at a few different places, we can use the one on chart, or a wider one using ATR or the structure above.
If the short fails, we can reenter, as long as the main analysis is correct. It often happens and it makes us miss huge moves, being taken out by a spike. We have to not fear, and trust our analysis, and reshort when that's the case.
If you want live updates and more information, make sure to contact me via pm or skype. I provide signals for auto trading and via email. I'm also providing access to a live trading chatroom where we give education to traders, as well as discussing the positions we're in.
All of these are free of charge for concordbay.com customers.
Cheers,
Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com
AAPL: Santa Rally or major fade at resistance?AAPL has traced a very impressive rally after the bearish setup we had in the weekly failed miserably.
The current explosion sits right below the 253 period moving average, and also very near to a strong cluster of resistance where we have low volume resistance and the 200 period MA, which many people watch.
If it flies past these levels, I'd expect it to hit my target on time or ahead of it.
The timing for rally looks right to me, and might be a terrific fade once we arrive at destination.
It's interesting to note that the current decline stopped dead at the 4th quarter of 2014's low.
Keep close watch of the price action around the aforementioned resistance, I'll update the chart regularly.
If you want live updates and more information, make sure to follow me at collective2, where I provide signals for auto trading and via email for a monthly fee.
I'm also providing access to a live trading chatroom free of charge for concordbay.com customers, contact me via skype for more details.
Cheers,
Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com
Merval: Argentina is in for a Santa Rally as well?In my previous analysis I was under the assumption that global equities were about to take a major turn south, but it got invalidated when the downtrend signal mode was breached, after a very slow trading range formed, where we saw accumulation take place.
There's still potential doom and gloom ahead, but first the Merval has to move higher to test the 3 main resistance zones on chart.
We have the Presidential Elections today, and this will be fuel for the fire that this rally needs.
Once the results are out, I'm sure that we will see a major move take place.
The direction is on chart, the first signal that I get is a daily one aiming for a rally lasting until October 31st.
I cloned the range target and extended it up, as well as adding the extreme profile balance point target, which is the highest realistic target one can aim for under my methodology.
It's interesting how connected the world economy is, globalization is a real thing, and it's fascinating how each market needs its own fundamental trigger, yet they all move in unison, despite having their own 'motivations' for it.
If you want live updates and more information, make sure to follow me at collective2, where I provide signals for auto trading and via email. I'm also providing access to a live trading chatroom.
All of these are free of charge for concordbay.com customers.
Contact me via skype or pm for more details.
Cheers,
Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com
EURUSD: Massive uptrend failureIn my previous analysis I was looking for uptrend continuation after price confirmed a weekly uptrend using time at mode.
This pair had been coiling very tightly until it broke up initially, but the follow through has shown the power of the bears.
After Mario Draghi's speech, evidently we had a lapsus of complete agreement between market participants, a paradigm shift of massive scale, which led to a relentless selloff under all support levels. There simply were no buy orders to even execute stop losses for some time.
Many people are seeing patterns, wave analysis, fibonacci support, Gann lines, and all sort of technical tools that tell them to buy the Euro down here. In my case, I don't subscribe to any of these, but with my own tools I can define a series of targets, which posess a relatively moderate probability of attainment, and also of reversal or retracement once hit.
Time at mode works specially well after extended consolidations, with lower and lower volatility, which is what we had in the weekly chart here, so I'd grade these lower targets with a considerable probability of being achieved during this year.
I will be hosting a free webinar this week, to introduce traders to the techniques that I am using, which are the fruiton of Tim West's mentoring, as well as my own experience with them in the Forex space, which has its own characteristics and challenges. One of them being the reduced liquidity of certain crosses, and the problems this creates when using more standard 'diagonal type' thinking, like wave analysis. I will discuss how market types affect systems' performance, and what the 'Holy Grail' of trading Forex really is. It will surprise many to know the answer to this.
Stay tuned for more details on how to join it.
If you want live updates and more information, make sure to follow me at collective2, where I provide signals for auto trading and via email. I'm also providing access to a live trading chatroom.
All of these are free of charge for concordbay.com customers.
Contact me via skype or pm for more details.
Cheers,
Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com
USDCHF: Massive downtrend failure screams longThe previous analysis on this pair failed and led to a massive paradigm shift in the markets, which struck me with clarity.
I'll look for long positions in this pair on any chance that I get. The quarterly chart has an uptrend signal that will confirm by year end's close, as long as it's above 0.9324.
There's resistance above, let's see how price reacts to it.
I'll update with my entry once I'm in with sufficient reasons.
If you want live updates and more information, make sure to follow me at collective2, where I provide signals for auto trading and via email for a monthly fee.
I'm also providing access to a live trading chatroom free of charge for concordbay.com customers, contact me via skype for more details.
Cheers,
Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com
Currency relative strength study: Which pairs to trade?Hi, in this chart I conduct quarterly analysis of all currencies pitted against gold to get a good idea of relative strength for them.
We have seen a period of domination of the dollar, which has had a slow quarter.
The reason for these movements are purely fundamental, related to money flows, and don't change all the time like most retail traders expect.
Despite the ebb and flows of smaller timeframe charts, these fundamental trends give me a good idea of which pairs to pit against each other for optimal trend scenarios. Some quantitative traders even go as far as creating synthetic pairs, born out of specific portfolios, with varied weights, both long and short. I'm not that sophisticated, but I do my best with what I have.
Here I see a few key things:
There were few pairs with uptrends and trading above the highest volume zones in the charts. These were the strongest.
The chinese renminbi will soften considerably, the chart is clear, and we have news of the recent rate cut, make no mistake, it's a short.
The Canadian dollar aims down overall, it has been the weakest alongside the Yen and the Euro, and it looks to stay that way, despite finding support at the low volume node on chart briefly.
The Euro is dragging the Swiss Franc down, as well as the specific needs of the exporting business Switzerland depends on. If the chinese cut rates, expect further easing for the Swiss Franc. 0 question here.
NZD is king, right now it's trending up after rejecting the bears with a strong quarterly high spin doji candle right over low volume support and is closing above the highest volume node as we speak. Expect strong uptrends in most NZD pairs.
AUD is at a make or break level, wouldn't touch it yet, it can go up or down but mostly aims down. Fundamentals for AUDNZD demand parity, and it looks to be headed that way, despite the IHS people see.
Conclusion is simple, if you want to ride some larger fundamentally backed trends, pick your crosses wisely.
This methodology is a mixture of what I learned from Tim West, and Ashraf Laidi's insights about relative strength for Forex traders. Read his book if you can, a great one: www.ashraflaidi.com
I will be hosting a free webinar this week, to introduce traders to the techniques that I am using, which are the fruiton of Tim West's mentoring, as well as my own experience with them in the Forex space, which has its own characteristics and challenges. One of them being the reduced liquidity of certain crosses, and the problems this creates when using more standard 'diagonal type' thinking, like wave analysis. I will discuss how market types affect systems' performance, and what the 'Holy Grail' of trading Forex really is. It will surprise many to know the answer to this.
Stay tuned for more details on how to join it.
If you want live updates and more information, make sure to follow me at collective2, where I provide signals for auto trading and via email. I'm also providing access to a live trading chatroom.
All of these are free of charge for concordbay.com customers.
Contact me via skype or pm for more details.
Cheers,
Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com
Intermarket analysis: Paradigm shiftI was considering two alternative scenarios for the market. Initially I thought the Euro rally and equities meltdown had more merit, but after close scrutiny and being stopped out and thus having my EURUSD and USDCHF long and short invalidated, I realized that the appetite for risk was evident, had I looked at it without weighing in my risk off rally thesis so heavily.
After I noticed that NZD and AUD could have bottomed, I published bullish charts for AUDUSD and NZDUSD. These, on a correlational basis, conflicted with my Euro rally thesis, which involved equities taking a turn south for the rest of the year, potentially well into 2016, when monetary policy adjustments would have become a concern again.
This also implied that oil would have turned south, which was conflicting with an anti dollar rally of a large scale.
Evidently, someone is heavily buying commodities, with gold leading the pack in terms of relative strength.
The dollar remains weak nevertheless, don't let the Euro meltdown confuse you. On a relative strength basis, my analysis on the XAUUSD/DXY ratio is still valid, and lays a very strong case against broad scale deflationary woes.
The dollar isn't rallying against AUD or NZD, like it has happened in the past. These commodity currencies are offering very clear signs of strength, and tempting longs on evidently imbalanced crosses if you know where to look.
For now, my view is that we will see equities rally, crude not falling or rallying as well, gold and all the commodities commercials are long on rallying, and potentially very interesting trades in eur and jpy crosses. Pairing weak with strong makes for very sharp moves, so keep this in mind and experiment with ratio charts, and studies in correlation by yourself.
If you want live updates and more information, make sure to follow me at collective2, where I provide signals for auto trading and via email for a monthly fee.
I'm also providing access to a live trading chatroom free of charge for concordbay.com customers, contact me via skype for more details.
Cheers,
Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com
USDJPY: UpdateHere's my updated view on USDJPY.
We have a few interesting resistance levels ahead, but overall, the pair is looking up, receiving a strong boost thanks to Mr. Mario Draghi's magic words, and the Nikkei rally before it.
Low volume resistance at 121.7 may halt the advance, keep that in mind.
I'm in other related trades, I'll try to balance these positions by trading NZDUSD, AUDUSD, and USDCAD.
If you want live updates and more information, make sure to follow me at collective2, where I provide signals for auto trading and via email for a monthly fee.
I'm also providing access to a live trading chatroom free of charge for concordbay.com customers, contact me via skype for more details.
Cheers,
Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com
USDJPY: Neutral but volatile, Rgmov implies downIn my last chart I analyzed the profile chart in the weekly.
In this installment I depict the interesting levels to monitor in the daily chart .
We have a weekly downtrend expiring on Friday, this is bullish for this pair since it implies that it's possible to retest the mode from where the 10 week downtrend launched, at 124.221.
If we manage to move above 120.084, and break the successive hurdles above, we might be in for a very good risk to reward long trade. Personally, I will wait to short the top, since I'm already long GBPJPY, and I don't want to go long here since it would be redundant.
If this week closes above the mode, we could look for the targets above for potential reversal zones, or each of the low volume resistance levels in light blue, or the range expansion resistance zones in gray.
Entry short would demand an ATR stop, 1.5-3 atr in the daily should suffice, or using the highest high as stop and short under the highest low. Both would work well, potentially. Initial target for a short once the rally is done is a retest of the mode below, and if it crosses down, we might get a new 10 week signal from a lower price, which is very bearish , and would materialize next week if we see range expansion down compared to this week's range, or the next week to that if it detaches from the then lower mode, or expands range as well.
I'll keep updating this chart from now on, good luck.
If you want live updates and more information, make sure to follow me at collective2, where I provide signals for auto trading and via email for a monthly fee.
I'm also providing access to a live trading chatroom free of charge for concordbay.com customers, contact me via skype for more details.
Cheers,
Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com
NZDJPY: At a critical junctureNZDJPY had a potential short setup under resistance but it's proven to a very strong advance so far.
I'd like to see price move and close above the new 8 bar mode that it has built higher, and eventually signal a time at mode trend trade. The risk/reward of said long would be optimal if price manages to climb above the resistance, and validates the weekly forecast, which implies targets as high as 86.52 or even 88.96.
See the weekly chart below to better illustrate the current scenario:
Currently, buyers have stepped in at the range expansion support level signaled on chart, and rgmov is in a daily uptrend, so my bias is still long.
It's very hard, emotionally, to buy into strength, but if NZDJPY proves it can break the resistance above, this would be a very compelling trade as to miss it.
If you want live updates and more information, make sure to follow me at collective2, where I provide signals for auto trading and via email for a monthly fee.
I'm also providing access to a live trading chatroom free of charge for concordbay.com customers, contact me via skype for more details.
Cheers,
Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com
NIKKEI: UPDATEIn my previous idea I located the key levels on chart, and was biased towards a short.
Recently, it started being obvious that the Yen was weakening, so I decided to go long GBPJPY.
I still think the dollar will remain weak for the rest of the year, possibly until June 2016, nothing has changed, but the
Nikkei is implying that it will rally asap. Tim West's recent publication clearly depicts how the stage was set up for a rally, so I'll limit myself to expand the analysis with a few more details of interest that are worth noting. I include the ichimoku indicator on chart, because it's a very highly regarded tool among japanese traders, and many pro traders as well.
It's good to contrast our own analysis with other tools from time to time.
The weekly time at mode downtrend target has been exceeded, and now, time has expired. This implies the Nikkei has a low probability of retesting the mode from where the downtrend launched, at the 20385 mark, in 9 weeks or less.
The daily chart is giving confirmation of a bullish time at mode trend signal today, which aims for the top of the kumo resistance. Interestingly enough, the lagging line, which is part of the ichimoku suite, sits above price, 26 bars back from today. This implies that it's possible for price to cross the cloud resistance and meet with the mode above, or beyond.
Good luck if going long, keep in mind rgmov is in a downtrend in the daily, so I'd still would look into fading the target hit, or the resistances above, or even short under the highest daily low after overbought spikes.
If you want live updates and more information, make sure to follow me at collective2, where I provide signals for auto trading and via email for a monthly fee.
I'm also providing access to a live trading chatroom free of charge for concordbay.com customers, contact me via skype for more details.
Cheers,
Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com