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ATR

EURCHF: Wide stop loss longWe can take a long here, fading this momentum run to the downside in a mostly quiet and sideways market. Support is potentially strong against this level, so we can expect upside soon. 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 considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers! Ivan Labrie Link to Tim West's chatroom: www.tradingview.com We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask. Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Long
by IvanLabrie
Long-term viewThis bearish outlook is due to applying a logarithmic scale, resulting in a rising wedge pattern which is confirmed by the ATR divergence and which has been breached, signalling the start of a new downtrend or simply a correction. If June's hanging man is confirmed, next target will probably be the bottom of the channel, but if price continues to decline and breach the channel, it will then confim the development of a wave 3 and it's corresponding long-term bear market. If price invalidates the hanging man and keeps rising making a new all time high, then the price action since May 2015 was only a correction and the market will probably resume the uptrend. For now, I think one should assume the trend is down.
FX:SPX500Short
by mikeoakster
10
Lumber: Potential top spottedLumber futures appear to have topped against a massive monthly mode. You can go short with stops above the highs to be safe, target a retest of the uptrend mode from the lows. I overlaid EURUSD and USOIL so you can compare the price action. It's clear we're witneseeing a major dollar rally here. I wouldn't discard its significance. If you're not in any of my recent suggested trades, try to catch this and USDCAD, even buying at market now is viable with stops under yesterday's low. See related ideas for an entry we can take in oil. If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers, Ivan Labrie. Link to Tim West's chatroom: www.tradingview.com We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
LShort
by IvanLabrie
5
EURCAD: Potential rally after downtrend time expiredIn this chart we have a nice long setup, with a premature entry, based on a series of factors, ahead of the time at mode confirmation for this trade. Since we're above the mode, or most frequent price since the recent low, it's likely to see uptrend continuation, specially considering that the downtrend we had observed in the daily (see my related publications) has reached the target, and the time duration of it expired. This implies price can rally back to the downtrend mode, which is what I expect based on the eurusd, usdcad and oil charts. We can enter preemtively now, using a wider stop and a smaller position (1% risk at the 3 atr stop on chart), and set a generic 5 atr take profit. This type of entry lets us 'feel the waters' in many instruments, and focus on adding to those that are currently performing best. We can also use paper trading accounts to take positions we wouldn't normally take, or to sell when we close any long trade, etc. and track our performance this way. I hope you find this useful, it's not always about using tight stops, but having lower risk from time to time, can favor our equity curves too. The horizontal lines are 1 atr distance levels, where I would like to add to the trade (and which would confirm the strength of the proposed uptrend). After exceeding 1 atr profit, we can add on any setback, no need to add if price keeps going up with no retracement. Happy Easter! Ivan Labrie
Long
by IvanLabrie