USDARS: Confirmed a daily uptrend in placeMy local currency is in terrible shape, and has confirmed a daily uptrend as per the RgMov signal on chart. You can see the key levels associated to speeches by the Argentinian president Mauricio Macri, and how price action has moved between these levels so far.
I anticipate a breakout of this level above, and a continued rally in this currency pair.
If you took my advice and bought dollars, and/or gold/silver with your pesos, you're doing well.
Keep at it,
Good luck, and brace yourselves if you live here.
Ivan Labrie.
Rgmov
XOM: Short targetI had shared this entry in the 'Key Hidden Leves' chatroom on Friday.
The target on chart is the time at mode target obtained from the 3 day timeframe.
We can expect immediate downside in this stock, after the market opens.
If not short, you could take the short at the open and use a stop above 88.20.
Good luck!
Ivan Labrie.
CHFCAD: Risk off long ideaWe have a nice setup in this pair (which you can trade shorting CADCHF as well).
CHFCAD is at the bottom of the trading range here and is likely to return to the yearly moving average above.
I'll be entering longs, after today's daily close, if we break the daily high. Stop loss has to be under today's low plus 1 tick to be safe. Risk 0.5-1% on this position and let it ride, it has excellent potential.
Good luck,
Ivan Labrie.
SPY: Short term view and a look at VIXIn this chart I'd like to bring a few important points to everyone's attention.
First, this is a new trend, if the DJIA forecast is valid, and now that the cards are dealt, we might see a pullback, and the market can go where stops are. That's what generally happens.
Try to avoid going by gut feeling, or joining the herd, so to speak. I'd reccomend keeping an eye on RgMov readings, and on Vix, as well as on the SPY short term charts. There might be solid buying opportunities in individual stocks, but also likely on indices.
The chart here implies that we can see a pullback, and we can try to catch the long side when volatility quietens.
Good luck, don't bet the house on shorts, if you didn't short higher earlier, you're late now. You can even look to long the pullback when it comes, and short at the top of the rally, on weakness.
Cheers,
Ivan Labrie.
GBPUSD: Long against supportWe can go long GBPUSD here. Sentiment is at a bearish extreme and I don't think we'll see follow through to the downside when oil, the yen and other dollar pairs are stuck in a triangle (due to market awaiting FOMC outcome).
Stop should be below 1.3128.
I'm risking half on this and the AUDUSD long (see related ideas), while I hold my SPX short from 2187.5 (covered half today at 2133.4, my stop was 2194.6, and I took a NAS100 long that you can see in related ideas, which also is related to these fundamental and sentiment developments)
Good luck,
Ivan Labrie.
NFLX: Going short hereI have been looking to short NFLX, and after my stint with it failed, I think Tim West's reccomendation makes a lot of sense.
He's been holding shorts from considerably higher, and had posted about it in the 'Key Hidden Levels chatroom' recently once again.
You can refer to his publications for more information, or ask questions in chat if you have any.
My trade entry is as follows: short at market stop, stop at 103.57, risking 1% of capital on it.
Good luck if taking this trade.
Cheers,
Ivan Labrie.
BTCCNY: Let's add or reenter longs if flatSimple, we can go long here with good odds for a rally in the intermediate term.
Good luck!
Ivan Labrie.
SPX: Distribution topIt appears that commercials have been building very large short positions all this time (see latest CoT report), while RgMov was moving lower and lower, showing us that there was a lot of hidden selling in the background since July 18th where the SPX's RgMov line topped.
We are in a tight corridor, probably awaiting a fundamental catalyst to unleash a strong breakout to the downside here.
In the mean time, playing this range as a short term operation is a smart thing to do.
I'm holding short positions, speculating on the eventual breakout (I shorted at 2183.3, stop at the highest high +1 tick).
I'm also long VIX, using calls and spreads, but looking to play the short term swings using some derivative here.
I'd reccomend watching this chart's updates as they come, we can have quite a few good trading opportunities in this juncture.
Good luck!
Ivan Labrie.
BTCCNY: Accumulation setup updateWe went long during this sideways accumulation, and now it's clear the time at mode setup here is active. We can expect a rally to the target on chart. Be patient and hold long positions.
See related ideas for my buy reccomendations.
Cheers,
Ivan Labrie.
XAUUSD: 8 day time at mode signalWe have been discussed this signal in the KHL chatroom today, Tim West pointed out this was the timeframe in control, so it's probably wise to hold our longs and aim for the target on chart, to be hit by October 19th-31st or sooner.
We have closed half of the position (see related ideas), but I'm looking to add back to it soon.
Good luck,
Ivan Labrie.
NGAS: Long at market or on close, 1 tick above today's highWe have a low risk long opportunity in NGAS here, my signals clients and me have entered longs here, and will look to add and manage it as the setup evolves.
There's a chance for the weekly to fire a strong uptrend, which would open up room to hit 3.23 in the coming weeks.
Let's see how it goes.
Good luck,
Ivan Labrie.
PD: I'll reduce the amount of posts that give precise entry/exit reccomendations after this one. The signals service will have priority naturally, over the posts shared in public.
EURJPY: Trend following made easyI'd like to share a trade opportunity in this pair. You can see how the moving average on chart shows when it's a good chance to short this pair, looking to rejoin the dominant downtrend in place.
We can now enter at market, (if not already in...I'm short from 116.191, and added at 115.164).
The price has hit a strong level, which coincides with the mid point of the Brexit induced decline, as well as a recent daily downtrend's resistance, so I expect this pair to roll over, and proceed to accelerate to the downside soon.
Good luck if taking this trade,
Ivan Labrie.
DXY/XAUUSD: Terminal pattern spotted It appears we'll see a forceful rally in the dollar (and a similarly fierce drop in gold) in the coming days. The terminal pattern on chart implies we'll reach May 30th's high in 1/3 of the time that forming the terminal triangle took, counting from August 18th's daily low.
The post pattern confirmation demands the time and price target is met, so, to be a valid terminal triangle, we need to see a really sharp move here, that will catch most people off guard.
The trade idea, in the case of DXY, is simple, you can refer to my DXY publication in related ideas. As for gold, you can enter shorts at market, risking a move above 1321 in the XAUUSD chart, which is very aggressive, but in line with the technical and fundamental key levels on chart.
Good luck!
Ivan Labrie.
EURCHF: Close longs and flip short nowLike the title says, we can flip short in this pair. It's good to fade extreme moves in it, specially at this level, close to the start of the Brexit surge. The G20 meeting might make investors nervous and they would want to own safe haven currencies and assets like Silver, gold, Swiss francs and yen (all of which are soaring, or about to).
Message me privately if you're interested in learning more about my trading signals service, or the private tuition I offer.
Good luck if taking this trade.
Have a nice weekend, cheers.
Ivan Labrie.
XAGEUR: Buy the dips if your local currency is the EuroI'd highly reccomend investing in Silver, if your local currency is the Euro.
You can take a longer term position here, risking 5% of your capital without a stop loss, or take a more 'swing' style trade, with a stop loss under 16.39.
Upside is considerable, specially factoring in a potential USD rate hike that might destabilize all currencies, potentially resuming the monthly downtrend in the Euro, which fundamentals warrant.
Good luck!
Cheers,
Ivan Labrie.
XAUUSD: Long setupVery tight stop loss is possible here, we just need a dip to 1321.47 to enter ideally, but you could simply long at market or on a break of Friday's high.
Target is viable once we break above the weekly uptrend mode labeled on chart. This could be the top in gold for a long time once we hit it.
Risk 0.5-1% on this entry if you take it.
Good luck,
Ivan Labrie.
SPY: Short term view and RgMov readingsThis 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 subject. To use these indicators you need to acquire the 'Key Hidden Levels' indicator pack though.
To me it's clear we can look to long SDS when SPY gets overbought in this timeframe, and we get signs of weakness.
That would be cheaper than shorting SPY directly, but mostly good for short term operations.
Multiple timeframes are giving bearish signals here, so I think the sell side is the safest one right now.
Although, I expect to see frequent pullbacks on the way down, unless we really see a sharp decline next week.
Keep an eye on the post G20 meeting activity after the weekly open, and specially after Labor day in the US.
Good luck,
Ivan Labrie.
DXY: Long term trend reversalI 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 trading signals weekly newsletter and whatsapp signals, message me privately for details. I'm offering a discount on subscriptions currently.
EURUSD: Monitoring the declineEURUSD 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 levels.
See related ideas for more information and our original short entry.
Cheers,
Ivan Labrie
GLD/SLV: Sell your gold for Silver!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 on trading signals, or private tuition.
TLT: 2 short signals in placeWe 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 tuition, message me.