Thank you for the link to that website. I had calculated some of those correlations myself but this is a very helpful overview, and always up to date.
Minimal Effort Returns - Algo Based
- Thread starter Spectre2007
- Start date
In a upwardly trending market, you always want to wait for a retrace to build in a buffer, from entry to stop. The upward vector will have noise/oscillations around that vector on a specific timeframe.
while driving thought of this analogy. If the car traveling along the road is akin to trader's bias, the road becomes the timeframe vectors or direction the price is headed. If bias is fixed and not adaptable, the car goes into the ditch killing the trader. Leverage becomes the velocity of the car. The end point or destination becomes the profit target. The stops are the guardrails.
while driving thought of this analogy. If the car traveling along the road is akin to trader's bias, the road becomes the timeframe vectors or direction the price is headed. If bias is fixed and not adaptable, the car goes into the ditch killing the trader. Leverage becomes the velocity of the car. The end point or destination becomes the profit target. The stops are the guardrails.
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Next project is to plot the implied profit targets on each chart and look to see if the excursion is doable.
/GC 1221.6 - 1198.3 = x , 2330/x = y , y = $100/point = 5000/100 = 50 points, 1248.3 (takes it to the next critical resistance, close to 200 day MA)
/ZB 150'15 - 150'08 = x , 218.75/x = y , y = $1000/point = 5000/1000 = 5 points
/6J .008894 - .008818 = x , 950/x = y , y = $12.5/.000001 point = .000400 points
/HG 2.615 - 2.6665 = x , 1287.5/x = y , y = $25,000/1 point = .2 points
/6B 1.2491 - 1.2494 = x , 18.75/x = y , y = $62,500/1 point = .08 points
/ZT 108'132 - 108'122 = x , 62.5/x = y
/ZN 124'065 - 124'15 = x , 265.63/x = y
/ZW 429.5 - 414.25 = x , 762.5/x = y
/6E 1.07975 - 1.07165 = x , 1012.5/x = y
/ZB 150'15 - 150'08 = x , 218.75/x = y , y = $1000/point = 5000/1000 = 5 points
/6J .008894 - .008818 = x , 950/x = y , y = $12.5/.000001 point = .000400 points
/HG 2.615 - 2.6665 = x , 1287.5/x = y , y = $25,000/1 point = .2 points
/6B 1.2491 - 1.2494 = x , 18.75/x = y , y = $62,500/1 point = .08 points
/ZT 108'132 - 108'122 = x , 62.5/x = y
/ZN 124'065 - 124'15 = x , 265.63/x = y
/ZW 429.5 - 414.25 = x , 762.5/x = y
/6E 1.07975 - 1.07165 = x , 1012.5/x = y
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/ZT 108'132 - 108'122 = x , 62.5/x = y , 1/32 = 62.5 , 4/32 ($250 target)
/ZN 124'065 - 124'15 = x , 265.63/x = y , 1/32 = 31.25 = 1000/1point = 2 points ($2000 target)
/ZW 429.5 - 414.25 = x , 762.5/x = y , y = 50/point = 50 cents ($2500 target)
/6E 1.07975 - 1.07165 = x , 1012.5/x = y , y = 125,000/1point = .008 ($1000 target)
/ZN 124'065 - 124'15 = x , 265.63/x = y , 1/32 = 31.25 = 1000/1point = 2 points ($2000 target)
/ZW 429.5 - 414.25 = x , 762.5/x = y , y = 50/point = 50 cents ($2500 target)
/6E 1.07975 - 1.07165 = x , 1012.5/x = y , y = 125,000/1point = .008 ($1000 target)
Targets
gold - 50 points = 1248.3
bonds - 5 points = 155 '08
yen - .000400 = .009218
copper - .2 points = 2.86
pound - .08 = 1.3294
2 year - 4/32 = 108'162
notes - 2 points = 126'15
wheat - 50 cents = 464.25
euro -.008 = 1.15165
if you look at the charts above (yellow), you see the modified donchian (high - low) channels, the target variance is within past historical variance.
gold - 50 points = 1248.3
bonds - 5 points = 155 '08
yen - .000400 = .009218
copper - .2 points = 2.86
pound - .08 = 1.3294
2 year - 4/32 = 108'162
notes - 2 points = 126'15
wheat - 50 cents = 464.25
euro -.008 = 1.15165
if you look at the charts above (yellow), you see the modified donchian (high - low) channels, the target variance is within past historical variance.
credit catching up to gold..
http://www.zerohedge.com/news/2017-02-08/druckenmiller-reverses-buying-gold-again
Druckenmiller reversed his bias on Gold.
1248 target looks to be hit first..
Bonds with significant gains too.
Druckenmiller reversed his bias on Gold.
1248 target looks to be hit first..
Bonds with significant gains too.