DB SR MAPLong:
- Lower band of the local emerging channel
- Lower band of BB
- Previous local bottom
- 50% Fib retracement from the last top
- the volume in the last drop is not significant
Short:
- dominant bearish channel upper band
- failed breakout from the dominant bearish channel
- RSI is not oversold
- RSI breaked down the lower band of the emerging RSI channel
It is not an easy decision to go short or long. Much depend on the global news.
Conservative long entry: at S2, TP at R1, better R/R
Agressive long entry: At S1, TP at R1
DB
Scalping short DB with cautinDB failed to break its previous day's high on friday which leads me to believe that in the following week it should head south towards $13.8. Still don't expect major downside movement as many institutions stand by DB ready to support it and we currently sit at atl for DB. At this point you could trade DB as a "too big to fail" institution and ride the stock up to $15.5 but the timing must be impecable.
DB is not a bunkrupt in my opinion!There are a lot of talks last year about close bankruptcy of DB. Some charts were published which show similar character of DB drop to Lehman fall from hights of 2008.
I don't believe in it. Not reason to prepare everyone for bunkruptcy of a Great Bank for a such long time. I think that we could see something really interesting here.
Anyway, be very carefully with it!
Short book: DB - Broke below KEL, fade the short squeezeToday 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 market neutral position, picking stocks to short, while still looking for longs in undervalued companies.
See related ideas for the rest of the trades we took. You may still be able to join them or wait for a secondary entry when/if we decide to add to them.
Good luck,
Ivan Labrie.
EURUSD: Broke below Brexit support, 1.09115 nextEURUSD didn't hold at the Brexit key level, so we can expect it to drop rapidly towards 1.09115.
If we drop down fast enough, a 2-month time at mode downtrend signal might trigger, this would send the price down to 0.87 or so. I'm looking to trade it in the short term, riding swings up and down for now. Currently, the bias is short, we can short on retrace above 1.10931, at market, and/or on a new daily low, risking a rally above 1.11373. Risk 1/3 per entry.
Good luck,
Ivan Labrie.
DB: Contrarian long opportunityI'm pretty sure 97% of people were short DB lately, and pessimistic about its outlook.
I was on that bandwagon, and shorting every rally for some time, but the latest developments made me change my mind on it. I think we have a great opportunity to long the stock here, if not already in that is.
I'm in with a 0.25% risk position, and will add gradually to it, until I reach 1% exposure.
We have to monitor the activity here, but it's possible this was a terminal wedge or ending diagonal pattern, in Elliott Wave parlance.
We can add to longs on a break of Friday's close, to the upside, risking a drop under the lowest low, and add more once we break above the earnings resistance above, at around 13.72, using the same stop loss.
We can also buy dips under 12.38 but I think it's unlikely to happen here. We need to reach 14.89 within 3 days to confirm the bullish momentum in the short term.
Good luck,
Ivan Labrie.
USDJPY: Weekly uptrend firedThis is an update to my previous publication. We now have full confirmation of a weekly uptrend aiming for 110.141 by December 23rd or sooner.
If not long you can buy new daily lows, or dips to 102.8 after this week's close. Jumping in now, is not bad, but not optimal.
This uptrend probably implies that the smart money is getting into new leveraged positions for the last quarter of the year, largely bullish for equities, so, we might return to Yen, Bonds and Gold being opposite to S&P500 again in this risk on rally.
Good luck,
Ivan Labrie.
EURUSD: Euro and inverted Euro, how to avoid bias and some tipsIn this chart, I'm looking at the Euro and an inverted Euro chart, to help me determine if I have a bias when trading it. Seeing the bottom chart, I feel it is a long here, specially since we're breaking out above an inside trendline. You can refer to my analysis in related ideas.
I also see a short in the inverted chart, with Friday's action being quite decisive for me, when seeing this chart presented in this way.
What do you see in these two?
Ask yourselves this question also: what is the stupidest trade to take right now? Of all the instruments you follow...what would be the trading idea, that would make you laugh and mock whoever presented it to you?
Let me know what you think, we can benefit from asking ourselves questions, and others, and thus, enrich our trading view.
Cheers,
Ivan Labrie.
Barclays PLC GETTING READY TO FILE BANKRUPTCY BY 2022From 2007 high it is going down trend. And now in near future it will re-test the 2009 low around $2.75.(see green line in the chart) If it fails to hold then BCS will go pennies on the dollar. Though you might have missed the maximum profit ratio by shorting but still you guys have some hope as it is only trading around $8 range and soon it will free fall. Good luck to you all. It will be a painful as those trickling down might take some time.
Germany: 43 cent per share risk shortThis is a very, very tight stop loss short setup in the monthly EWG chart. If it confirms (which it might, due to the Deutsche Bank impending collapse), we could get confirmation during October.
We'd need price to stay clear from the 26.10 mark for the whole month, so we could use a stop at 26.11 without a problem here, or just trade it with options instead and exit if 26.11 is breached.
Interestingly enough, the SPX chart has a big uptrend that confirms if during October, we don't retest 2100, so, maybe we have a huge pair trade there: one fires an uptrend, the other a downtrend?
That would be a tremendous trade...
Good luck, hopefully they sort this DB problem without triggering a systemic crash, and if they do, we will be prepared.
Ivan Labrie.
HSBC TO FILE BANKRUPTCY BY 2022FORM 2007 THE BANK SHARE PRICE IS GOING DOWN. Even though as per economist claiming US and global market has strong outlook but the HSBC bank didn't bounce anywhere near there. They may do some reverse split or government bailout (if any) but over the long run the stock price is saying that it will be ready to file bankruptcy by 2022 and onwards. The only hope investors for now has is that as long as it holds above $28-$25 it will act as a resistance line (BLAKC LINE). But then after that it will be a free fall. to near zero. Trading price in last days may be between $.30--$.80 cents on the dollar. Now as it is hitting the red RESISTANCE LINE SO GOOD TIME GO SHORT. Stock short ban may come into play in future but then you can do it by options too for now till they ban the options too :)
DEUTCHE BANKS NEAR TO FILE BANKRUPTCY by 2019DEUTCHE BANK DIDN'T BOUNCE MUCH AFTER 2007 CRISIS. It may do some reverse spilt like CITIBANK IN 2008-9 to prop up the share price and may some government bailout but in long term it will suffer a lot. All the hedge fund managers are piling up short position and share price may tumble below $4 soon. Upper limit resistance is around $20 for any upside bounce. The red resistance line shows that there is a strong possibility that by 2018/19 it will be ready to file Bankruptcy. Time has come to short the Bank if you have any grudges against it. But policy makers may ban shorting stock, but then you can do it by LEAP options but then they may ban that too :) So beware of your greed. Global economy is all time high but theses banks goanna fall one by one even before the next financial crisis hits the market.
HSBC WILL FILE FOR BANKRUPTCY SOONFrom 2007 the bank has been always in downtrend. With all those fines from different countries and the bad mortgage loans, HSBC is not able to come back up yet. Yes HSBC may do some reverse stock split like CITI GROUP did around 2008-9 but it didn't help them much to boost up the share prices.
NAS100: Update - Systemic risk spottedAfter Angela Merkel announced she wouldn't bail out Deutsche Bank, everything tumbled.
We need to set alerts in NAS100 and SPX500, at 4803 and 2137.1 respectively. If these prices aren't hit within the next 3 days, it might be a good opportunity to buy 'the dip' once more.
After today's close I'll update the chart with more information.
Individual stocks longs aren't so affected by this, but if you're in good profit, it's always wise to sell some covered calls at the money when you think a big pullback will occur. Then you can book profits from it (maybe close half the stocks position before shorting calls) and reenter the half stock position lower than your exit.
In the next 3 days, the range expansion decline in equities will either confirm the bearish momentum or fail, which coincides with the OPEC news this week, among others.
Stay tuned for updates, it's a very critical week for indices.
Cheers,
Ivan Labrie.
QQQ/EWG: Merkel gave us green light, short Germany and long QQQThis potentially a very rewarding pair trade. You can enter shorts in Dax (either via CFDs or using the EWG etf) and longs in Nasdaq composite (CFDs or via the QQQ etf), risking 1 time the monthly average true range (but using no stop - the idea is merely to size the trade based on volatility).
This is potentially a long term trade, and a good way of gaining short exposure based on fundamentals without being solely short Deutsche Bank or Germany.
Good luck,
Ivan Labrie.
DEUTSCHE BANK @ 15 min. @ Like a Boxer in the ropesBasic Trends @ last week (based on 15 minutes)
12.01: (b) Resistance Line - maybe new downside pressure
11.74: (2) Resistance Line - maybe new downside pressure
11.68: (a) Resistance Line - maybe new downside pressure
11.42: (d) Resistance Line - maybe new downside pressure
11.37: (c) Support Line - maybe new upside potential
11.30: (3) Support Line - maybe new upside potential
11.16: (e) Support Line - maybe new upside potential
11.13: (1) Support Line - maybe new upside potential
Downside Trend @ last week (based on 15 minutes)
12.01: (b) Resistance Line - maybe new downside pressure
11.68: (a) Resistance Line - maybe new downside pressure
11.42: (d) Resistance Line - maybe new downside pressure
11.37: (c) Support Line - maybe new upside potential
11.16: (e) Support Line - maybe new upside potential
Upside Trend @ last week (based on 15 minutes)
11.74: (2) Resistance Line - maybe new downside pressure
11.30: (3) Support Line - maybe new upside potential
11.13: (1) Support Line - maybe new upside potential
BreaktOut Szenario "3cd" - even 11.30, 11.37 & 11.42
1st target by a breakUP could be "a2" - even 11.68 & 11.74
1st target by a breakDOWN could be "1e" - even 11.13 & 11.16
BreakDOWN Zone Area is beetwen 11.21 & 11.06
11.22: above 11.21 short-term view a liitle bit high speculative contrarian bullish
11.21: new alltime-low from July`2016
11.06: new alltime-low from August`2016
11.05: under 11.06 bearish all time frames, ´cause we`ll trading new (negative) area
Take care
& analyzed it again
- it`s always your choice ...
Best regards
4XSetUps
REPORT. Prediction of the S&P and how you can react Q4-Q1 (2017)Gold as save haven?
No expiration timeframe, no extension possible.
S&P500 correlated to deutsche bank (DB)
Highly correlation between them. A price of 12,00 for one stock deutsche bank is to high.
take a look at this figure:
in bad fincial times we seek really horrible figures... On this moment Europe and the US have more or less the same problems in political and financial way as in 2008
take a look at my last report:
we are seeing that gold is a save investing, and the S&P reacts on financials.
information derived from Bloomberg, ING TA/FA
none of these information influence the market, trading is at you'r own risk.