Ratio
SPY to rally based on VIX/SPYThe ratio VIX/SPY goes down when SPX 0.05% goes up. This makes it easier to see the ratios lower limit (and SPX's upper limit)
Today VIX/SPY broke a support.
SPX has not yet mimicked this move
If VIX/SPY returns to baseline (as it has before) it implies a move of SPX500 to ~2183.
Bearish Bat pattternThis has been a very slow week. I only have this and a potential Bat on AUDCAD 4H in my radar. Hope you all are having a wonderful week of trading.
As always, trade your plan!
Daily analysis on USDJPYThis is pure structure, but can also be called cycle bottom. I actually learned the power that this pattern and structure have by backtesting Double tops/bottoms. It is nothing fancy, just basic understanding of structure and how the market moves.
I hope you are having a wonderful week in the markets! Please do not hesitate to comment your opinions or ask questions.
And, like always, follow your plan!
Pattern festival on GBPJPYToday we are having a very active Monday. I already closed a winner on GBPJPY (previous Cypher), I have open positions on USDJPY and GBPUSD, and a few other patterns in my radar. Anyways, we may have another Cypher completion on this pair. We just can wait and see if we get triggered..
Follow your plan! And, please feel free to comment any question or opinion!
Bat pattern as a TCT opportunity We are bullish on the higher time frame, and we just broke an important structure level. I do believe that we can go higher and re-test the highs. However, this is my 4th week of forward testing, and I do not want to get fancy yet. I want to do this slowly but steadily.
Structure trade on EURJPYAll the hard work have been done. Now, I am just waiting to see if the double bottom forms. I already missed a daytrade on this pair in the beginning of the week; I hope to be able to enter here. Both targets are based in structure. You can look left and see why my targets are there.
Following the plan!
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.
Gartley pattern on AUDUSDThe last two patterns were losers, and I took a relatively big loss on them. But, that doesn't mean that I have to scare myself out of the next opportunity! It doesn't matter if it wins or not as long as I am following the plan! ...I hope it wins though haha.
I hope you all are having a wonderful week of trading!
Structure trade on EURUSD (Part 2)I just had a winning trade on this pair on the previous double bottom. I was stopped out for break even on my second position before it rallied up, but I got target 1. On the other hand, now, we may have to enter again. There is a potential 2618 forming up. Tomorrow we will have Non-farms payrolls, so I will have to keep an eye on that. I will not enter any position during that news event.
- Higher time frame confirmation
- Structure
- 2618
RULES MET
CTS + Gartley patternI got filled on the Gartley while I was sleeping. I had been stalking that zone for a long time, and I got a chance to enter. However, for those CTS traders or structure traders there may be another opportunity to enter. I know that if I were not on the Gartley, I would go short on a double top because it fits my rules.
Anyways, good luck this week! Comment your opinions; are you thinking bullish or bearish in this pair?
Bearish Bat Pattern USDJPYPotential Bearish Bat Pattern on USDJPY, RSI is estimated to be in an Oversold condition by D leg Completion at 100.8
USDJPY Bearish GartleyD leg completion at 10.335, USD JPY has been trading sideways all dy so this is very highly probable trade
Cypher pattern at major structureGood afternoon traders!
This is actually my first trade on my forward testing!We had a very bearish trend, and we just reacted to previous support. However, this reaction formed a nice Cypher pattern that lines up with previous structure. I already got filled; let's see how this goes.
Have a nice day everyone!
Bullish Gartley USDCADPerfect ratios on this pattern. confirmation of the buy setup is the D leg completing in the structure support level exactly at the .786 fib also RSI is in an over sold condition and showing bullish divergence on lower time frames.
Long European / Short US EquitiesA Fund Manager Survey today showed that investors are net underweight European equities for the first time since pretty much the European debt crisis of 2012.
With positioning at 3 year bearish extremes and cash positions the highest since November 2001, fear of a new European crisis and a post-brexit fallout appear to be heavily discounted in the price of European equities relative to their global (and particularly US) peers.
Long European equities / Short US equities if the DAX / SPX ratio trades at 4.5 or below. This idea is intended to demonstrate the extreme pessimism surrounding European equities, and does not suggest expressing the view via a DAX / SPX spread directly. Consider country and sector allocations within this.
DXY - USD Dollar Index could change Long RR Ratio >3:1DXY - USD Dollar Index could change Long RR Ratio >3:1
