AUDUSD found support at the upper deviation of the recent downtrend's linear regression channel today. This level coincides with the mid point of the recent VIX 75% retracement, or 'smart money buying spree' key level, which happens after VIX spikes by 5 points or more, and the smart money 'buys the dip' in risk assets, making VIX retrace 75% of its recent climb,...
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...
I'm watching VIX closely here. We might get a buy signal as soon as we hit 17.2. Additionally, there's a time and price target for VIX, that if not met in time, signals a buy opportunity in the S&P500. The signal consists of the following: If 18.5 isn't hit by Friday or sooner we will get a bullish signal as soon as VIX makes a new daily low after Friday's...
TSLA looks like a viable long here. We could use this stop, or a 17 dollar stop. Risk 0.5-1% on this trade. Good luck! Ivan Labrie.
We have a giant base in EURCAD, after testing a long term speed line support. It's clear we can expect higher prices, specially if we break the last session high. You can go long on dips to 1.48131, or on a new daily high. Stops for all positions should be at 1.47326. Target 1.51543, although we might see a reaction at 1.50786, so keep an eye on it, and the...
I'm holding a swing long position in NAS100, after booking profits and trading short term swings on the long side lately. I got back in today, and I aim for 5071 give or take, with stops under 4817 here. You can jump in now and risk 0.5-1% on this position. After we move higher, we can trail stops using the moving averages and bands indicator on chart. (use the...
We can reenter HMC longs here after Wall Street opens. Risk is a drop under 28.62, so use a stop at 28.61. We can expect a bullish MA crossover materializing here, and a continuation of the uptrend, probably taking us to 30, or up to 33. Good luck! Ivan Labrie.
We have a confirmed daily uptrend signal in SPX, so we can expect a move to reach the target on chart within the next 7 bars after today's close. I want to see if today's low stays above the former resistance levels we broke, and if we cross the resistances above as well. It might take a couple days to do so, logically, but I think odds are really big that we get...
$LUV is showing a great accumulation pattern, right above an older 'Key earnings support' level. We can long at market open risking a drop to 35.40, and aiming for a retest of 39.97 in the intermediate term. This is a good way of leveraging a potential retracement in crude oil to be seen soon, possibly after the next OPEC meeting shows leaders fail to reach an...
$PGC is offering an amazing buy signal here. We have a potential explosion pattern building, and if we break above the key earnings resistance above, we could see the 22.36 target get hit in the intermediate term. I'm already positionied in this stock, and looking to add once we break the resistance. For now, you can jump in at market and add aggressively above...
I'm long once again, risk is a drop to 4735 here. We need to see a push above 4906 today to validate bullish momentum, else, we might see a selloff if support doesn't hold. My speculative plan is to go short $SPX if it fails to validate the bullish momentum, and simply close longs in this instrument (and study wether I want to close my equity positions or not, or...
If we don't see bearish follow through within the next 3 sessions we can expect further upside in crude. I'm long small with a wide stop, and looking to add and tighten the stops soon. Good luck, Ivan Labrie.
ABMD offers a potential long opportunity here. Look to go long ABMD close to the key earnings support at 115.98, risk is a drop to 113.68, so size your trade (and use stops) accordingly. If this support level doesn't hold, we could witness a larger correction, which would constitute an excellent discount to acquire this company's shares for the long term. Good...
We can take a long position in TWTR here, we're long and looking to ride the upcoming uptrend leg. Check out related ideas for the previous trade opportunity in TWTR. It's a very strongly accumulated stock, this is just the beginning of the uptrend in it. Good luck, Ivan Labrie.
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...
In this chart I describe the trading signals generated by Tim West's techniques, in particular the methods revolving around the RgMov and Key Earnings Support indicators. You can see signals that failed are very few, and the trade setups obtained in one year have been really precise if executed correctly. If you're interested in learning the specifics of this...
$CUBI offers a very nice long opportunity against the Key Earnings Support level at 26.23. Look to enter longs next week, and aim for a retest of 27.38, risking a drop to 25.66 initially. Ideally, you'll get the fill as reccomended on chart, if not, you can simply enter long at market, and use the same stop at the open. Watch the open on Monday closely. Check out...
I went short FB today after witneseeing an extreme in sentiment, with lack of follow through after earnings. I like specially how it closed today, and expect to see rapid downside next week. If not short, enter at next week's open, risking a move above 128.33. We can see that price has traced an uptrending linear regression channel if we anchor the start and end...