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VIX: Record net-short options (fundamental analysis)Although we primarily trade FX contracts, staying on top of the equity markets around the world can have huge advantages when trying to identify opportunities preparatory to them even showing validity. The CBOE Volatility Index, known by its ticker symbol VIX, is a popular measure of the stock market's expectation of volatility implied by S&P 500 index options. Put simply, this chart represents volatility in the most widely used benchmark in equity markets (SPX). As you can see, over longer term time frames price has compressed. This can be proven by looking at the average true range indicator (ATR) and historical range percentage indicator (HRP) on the daily timeframe. You will see levels very low; significant because the last time these two indicators were this low on the daily chart the VIX was prior to big spikes in volatility. These are incredibly complacent and quiet markets. There's nothing wrong with equity markets hitting new highs, however the more risk-appetite that traders have in their books and the further it deviates from what we would construe as a well founded risk position. Traders are carrying assets this high up in the market know that their exposure at these prices is risky. This is more of a risk when you consider the representation of volatility seen in the chart above. Looking at futures for the VIX, there is a net short position on the derivatives currently not expired. What's significant though is that the amount of contracts net short is 218,000 a new record. This shows the willingness of the market to take on risk through leverage. Keep in mind, the amount of free cash for Wall Street is at record lows, as the complacency of it itself can be seen just by considering this fact.
TVC:VIXLong
by UnknownUnicorn3442968
11
EG: 4-hrly long-setupAfter a -8% downtrend from Aug 19 through todays currently traded prices, we can look at the well proven level of 0.85 as current support to be respected. This potentially could be the bottom we are waiting for for an entry, but we won't know any time soon. We are however looking for a long entry today, as the 0.85 continuously is subjected to being rejected following price testing it. As always stoploss, entry, and targets are provided live when we enter the trade on our end. Stay tuned to our telegram channel for updates. Keep in mind that it's thanksgiving.
Long
by UnknownUnicorn3442968
5
Weekly Update (Nov. 25-27th Update)It's been a super quiet day and one of the quiet weeks sor gross volatility so far this entire year. For those asking about why no signals have been sent: we simply can't take opportunities that don't exist. All position less than a 15 pip horizon have been stopped out today by gauging some fo the community outlets I use to gauge market sentiment. I understand a lot of members (especially new members) are getting frustrated because you're in a "signal" group that hasn't posted a trade since market's open. I want to make it clear that this way of thinking is by far the biggest hurdle as a professional trader you will need to make in order to do this for a living. I will add that even if that market doesn't move, we're still behind the scenes 24/7 to make sure we provide every opportunity possible. If you follow what we tell you, and trust us with our ability to vette out only the highest probability, low drawdown, trades that are available in the market. This being said, with slow markets like these I will begin to dedicate my time towards providing educational publications on our Alchemy FX page on Tradingview so keep an eye for that. We're looking forward to both a profitable day and week of trading. Stay tuned
TVC:DXYShort
by UnknownUnicorn3442968
6