YM Weekly (Technical) Analysis YM still bearish - The buyers came in good at ~25200. The sellers still dominated though and traded below those levels. Expecting price to create new structure lows and retesting support levels at ~24200 and ~23980 - (blue lines). Nice harmonics in play, also in the immediate order flow.
Check my analysis for the more immediate order flow.
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Ratios
Undervalued company with GREAT financials! FREE VALUE PICKHeres some easy money,
Navios Maritime Midstream Partners L.P. is a services and shipping company.
It has been priced at a premium by the market as a result of overreaction to selling of ships.
These ship sales have increased the company's cash flow and helped them build an already extremely beefy balance sheet.
I believe the market has priced NAP at around a 30 percent premium.
You shall see in due time
Peace out plebs
(Happy free trade sunday!)
Darklord_
DOW 50000 + in 20 years / Measured in Precious MetalsAssuming 4% annual at 25k, YOY growth, and we have price target of around 55 000 Dow Jones in 20 years (2038)
Dow measured in real commodities, like XAGUSD, and XAUUSD is very strong right now. One can interpret this chart two ways: First, measured in PM's the DOW has been in a downtrend since 1999 - 2000 and this rally is a in fact a bear market rally or ...
Second way, the Dow measured in PM's has been in an uptrend since 1980 and made a higher low in 2011 (5.5X higher or so).
These two views ... present far different price expectations. I'll provide an example of each.
First, the uptrend view. Assume it takes 27 - 30 years from prior higher low (2011 > 2038 - 2040) and apply the same multiple from 1980 to 2011 and we get DJI/XAUUSD ratio of 45. Applying the multiple of Silver and we get DJI/XAUUSD ratio of around 3000. This implies a price of around a $1000 per ounce of gold, and $18.50 per ounce of silver.
Second, the downtrend view. DJI/XAGUSD declined 89% from 1999 - 2011 (2500 - 275) and DJI/XAUUSD declined around 83% (44 - 7.5). Assuming that the silver ratio peaks at 1500, and the gold ratio peaks at 20 and applying the same percentage declines implies these ratios.
DJI/XAGUSD = 165
DJI/XAUUSD = 3.5
This implies a price around $330 Silver, and 15000 Gold.
Please leave your thoughts and comments below.
BEARISH EURUSDWe see here a gartley pattern hitting the 78.6%.
There is a perfect abcd hitting the 78.6% the bc leg is hitting the 1.618%
there is also a three drive to a top pattern marked with blue. leg 3 to 4 expansion, ratio 1.272% is hitting the exact spot of the bc leg of the gartley.
If the 1.2500 - 1.2520 doesnt hold we should see a new top in the EURUSD
Gold:Bitcoin Ratio Now Higher Than Physical Gold:Silver Ratio!You know that old crypto saying: "Litecoin is Silver to Bitcoin's Gold". Well now 'Gold is Silver to Bitcoin's Sound Money Supremacy'. Well in price ratio terms it is. I know I'm not comparing apples with apples, & for the purpose of not embarrassing Gold's post crypto performance any further, it's probably best I don't. But in terms of available supply, there are currently 777,275 metric tonnes of Silver, compared to 166,500 metric tonnes of Gold; Which gives a physical supply ratio of roughly 4.66 tonnes of Silver to each tonne of Gold. This obviously doesn't translate to the current Gold to Silver price ratio, that currently sits around today 75:1. This is why many think Silver, which has many irreducible industrial & technological applications is often sighted as a sleeping giant in terms of investment vehicles. But like gold, silver suffers heavily under the influence of secondary & futures markets, that trade paper contracts leveraged many multiples over & above the underlying physical metal good for delivery. Opting instead to settle 'delivery' in fiat currencies rather than physical metal. And herein lies the beauty of Bitcoin, with it's own baked into the protocol permissionless instant settlement & good delivery mechanism it will always be an impossible beast to bridle, as secondary & futures markets prove to be superfluous to it.
Sources:
demonocracy.info
demonocracy.info
Little trade on AUDNZDHey traders!!
We have had a HUGE move up, so I expect a relief. The market made a strong move down and it is now putting a consolidation pattern. I expect a break to the downside at the 1.272 extension which lines up with structure looking left.
Good luck in the market traders!!
Elliott Wave Analysis: AUDGBP Trading In A Temporary Wave TwoOn the Weekly chart of AUDGBP we are looking at a possible big five wave move in progress, with price now trading in an unfolding sub-wave 2, after a higher degree wave 1 had found its top at the 0.634 level. If that is the case then a three wave corrective move may now be in action, with pair trading in the first wave a-circled of this three wave move.
AUDUSD Bullish CypherHi Trader,
We have a bullish Cypher Pattern setting up on AUDUSD with D leg completion at 0.73510. See below for trade details.
I have marked the key Fibonacci levels in yellow for your reference.
Entry: 0.73540
Stop: 0.73080
Target 1: 0.74050
Target 2: 0.74400
If you have any questions let me know.
Good trading,
Luke
Neutral Long Put Ratios on XLUXLU have a 86% IV Percentile, which means that 86% of the days over the past year the Implied Volatity was below this level.
Custom Put Ratio's
Buy +1 NOV 48 PUT
Sell-2 NOV 47 PUT
BUY +1 NOV 46 PUT
SELL-2 NOV 45 PUT
This will give us a max profit of $171 with a 77% chance of making money. And we only lose if the price goes below $44.64. Since we are adding risk to have better probabilities, if we get assign we would have to buy 200 shares, but it would be 5% below of where we are right now, and since we already have had a 12% down move we can expect a correction soon and we would be able to sell even more premium if we need to.
Bearish Bat pattern @MarketWe are bullish on the higher timeframe but I believe that we will see the a test of the green box before rallying up. The market gave us an opportunity to anticipate a move to that level, this bat pattern. However, if this gets violated I would predict the price to continue up and follow the underlying trend
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 Cypher As I said in twitter, I am having a terrible week so far. If you are not doing it already, make sure to follow me and the Trade Empowered community there; my Twitter is in my profile. We have an amazing community there.
Ok, so back to the topic. I am down around 250 pips so far; however, I have a lot of patterns in my radar, and this is one of them. Let's see if it evens out in this week.
As always, follow your plan!
REVENGE TRADE? I bet you liked the catchy title!
Ok, so last week I lost a trade and immediately entered the most emotional trade so far in my forward testing. I went from losing almost 200 pips to winning 45 (going 2 pips from my target), and to finally getting stopped out for break even before rallying. It was emotional because I was exposed to my maximum risk, and losing would have erased the profits from the last three weeks.
HOWEVER, we now have a new opportunity; we may see a Cypher completion around 135.46 and I MUST take it.
I will leave the link of the trade I am referring to.
Cypher pattern on AUDUSDYesterday, I was thinking bearish and had a valid opportunity to go short, a Gartley pattern. I posted the idea, but had to cancelled my orders due to non-farm payrolls, and after the fireworks, the Gartley was already invalid. However, we now broke structure to the upside, making a cycle bottom. We must remember that we are still bullish on the big picture, and that we are sitting on the .786 retracement of the last daily swing. We could have gone lower and still be bullish but we made a higher high higher close. The market gave us an opportunity to go long. We are now waiting for the Cypher to get triggered.
Follow the plan!
Structure trade on EURUSDMy analysis on the higher time frame tells me that we are bullish and have room to go higher. However, we if I am wrong on this trade, I would have to enter again on the next green box because my analysis would still be valid. We would still be Bullish on the Higher time frame and looking for an opportunity to go long. We have news at 8:30, so I will have to keep an eye on that.
I am having a HORRIBLE week. If you look back to my previous ideas you will see. Assuming that the EURJPY0.29% trade will lose, this will be a pretty bad week. However, WE HAVE TO KEEP TRADING THE PLAN.
Please share your ideas and opinions!
Have a great day of trading!