1 Bitcoin now equal in value to 8 troy ounces of Gold!Just another arbitrary bump on the great Bitcoin road toward sound money dominance.
Ratio
BEARISH BAT PATTERN 240PA RECENTLY BROKE AND CLOSED BELOW THE LAST STRUCTURE LOW AND IS FORMING A COMPLEX PULLBACK, AND COMPLEX PULLBACKS HAVE BEEN KNOWN TO CREATE POTENTIAL ADVANCED PATTERN FORMATIONS. LOOKING FOR PA TO TEST THE 88.6 RETRACEMENT AND REVERSE. AND POTENTIALLY RETEST STRUCTURE LOW. PLAN YOUR TRADE, TRADE YOUR PLAN. GOOD LUCK TRADERS.
Gold-Silver-RatioIt is always worth a look at the gold-silver ratio. Currently, gold is 76 times more expensive than silver (per ounce). In the past, it has been shown that the area above 78 is an extreme area and can be used for trades. In this case, you would sell gold and buy silver.
DJIA/DOW JONES short idea (m30/H1)Dow Jones INDEX:DJY0 formed a bearish Wolfe wave.
Being supported by RSI divergence at m15-m30 timeframe and significant stopping volume at point 5, it appears to be a good sell entry point.
Crossing line 2-4 supported by increased volume should confirm the move South.
Opened 3 positions at 22049/50, SL 22167, TP 21878
GL All!
86% probability trade on Costco (Ratio Spread)
After last earnings Costco had a 14% down move. If we take into consideration last year, we have a CVPOC at around $150 Price, and in the shorter term the VPOC is around $167 (2017). That means that those prices are the ones that have traded the most and considered fair for the stock.
With an IV Rank at 67 we can sell some premium, so given the down move I sold a 3:1 Ratio spread for $1.66.
This gives us a max profit of $665 at the $150 level and if it stays above $155 price we would be making $166 at expiration.
Our probabilities of profit are very high at 86%
The trade:
Sell (3) AUG18 155 PUT
Buy (1) AUG18 150 PUT
EURUSD buy tradeEuro is bullish, time to take some profit
Fibo retracement and good ratio benefit
Major supp&ress
breakdown of Gold vs Dow relationshipAll time low for GOLD/DOW ratio in futures. Violates horizontal trendline.
I think it means that it might go lower. If so, short that relationship.
81% probability trade on XRT (Put Ratio spread) High probability trade on XRT with no risk to the upside. Max profit at $41 our break even at $39.85.
The trade:
Sold Two (-2) 41 Puts for every one (-1) 42 Put for a credit of $0.15 (per contract).
ETHBTC is in for a BIG jumpBased upon how ETH has been received in the cryptosphere, as well as in the corporate world, I'd say that "the ratio" is severely oversold.
You look at any news station and see that BTC is taking a PR beating of epic proportions.
ETHBTC up. Maybe to new record highs.
Earnings trade on Tesla (Custom)Made a custom Earnings trade on TSLA. Originally was going to make a bearish trade, but since today we had a over 2% negative move down, I decided to add the ratio spread to the downside.
Sold the 330/340 Call spread for $1.40
and the (1)302.5/(2)295 Put ratio spread for $.20
Total credit $160
Max win is $905 at 295 price
Max loss to the upside is $840
Naked to the downside below $286
74% probability trade on QQQ (Synthetic Call Ratio)With equities still rallying I can redeploy another trade on the Q's. If it continues to go higher it will get to our max profit zone, if it starts to drop we don't have any risk and still make money. Worst case scenario is that we continue this nonstop rally without mercy then we would be basically short from 136.50 which would be at the all times high.
The trade: Synthetic Call Ratio spread on QQQ for $.50 credit per contract.
Bought one 134 Call for every two 135 Call for a 2:1 Ratio spread with no risk to the downside and our max win at 135. Then bought the 141 Call to reduce the capital requirement, essentially making this a synthetic Call ratio spread.
By buying the delta .05 call we reduce our capital requirements for the trade from around $3k to $450 per contract and reduce our credit received by only $5 per contract. Pretty good trade off in my mind.
Our break even is at $136.5 giving us a 74% chance we make money on this trade.
Neutral - ATM Ratio on TLT with no risk to the upsideSimilar to the FXE trade we can make another at the money ratio spread on TLT. With a 71.8% chance of profit. We make money as long as we stay above 115.60 in the next 44 days.
HKDJPY target calculationHKDJPY has broken the support last week, see the chart for where is it heading
a nice sipmple way to reenter short euro seems to be for some more decline and a nice short enter seems to presenting itself with a nice ratio
Wolfe Wave USDCHF ShortShorting due to a Wolfe Wave from the green zone.
Confluence is the ABCD pattern and RSI divergence.
nzdusd flg pattern fitting rules for flag now we wait for completion of cypher on 4hr to see what movement is to come
Double Ratio on Natural Gas (NGAS)The last 50 days, we got a nice move of over 50% in Natural Gas over 50%. I just closed a covered Strangle for a nice profit and its now time to redeploy, since I think the price is going to slow down.
Price is over extended above the 20EMA and I expect a correction, so I just made one of my favorite trades. The double Ratio. I bought the 4.25 Call and sold two of the 4.45Calls and bought the 3.45 Put and sold the 3.25 Put.
This trade has a 74% chance to make money and my target is a profit of $800. Since I am using $2,100 to have the trade on, I am expecting a Return of 38% in 56 days (Not bad).
We make money as long as price stays in the green zone between the prices of 2.969 - 4.73 and since We have our Moving average above our break even in the downside we would need a pretty strong move down to get tested.
Spreader Pro Plot the spread of any two securities as -,+,/ or *
This enhanced version adds the 50 day sma of the spread as a gray plot
Another free and very useful indicator courtesy of Tarzan.
