Using Comparisons as indicators?
After sitting in on one of scheplick live streams last night. It got me thinking about starting a discussion with the community on tools used outside of the conventional methods. Comparisons, or using other instruments to calculate/forecast other aspects of your trading.
Sure we can use things like Interest rates or 30 year bonds, take a measure of curves in the Dow Jones. But what tools - pairs - crosses or instruments do you find interesting and why?
In the crypto world - Bitcoin is changing the dynamic & I can't stress enough - it can't and will not keep moving up at 90-degrees. So how does it interact with the Dow, SPX or Gold? Be great to get your thoughts and opinions here on the topic. Share ideas, regardless of the tool, cross or instrument.
See some examples below;
Silver to the Dow Jones
The Fed's Balance sheet - this is interesting in its own right.
How about Gold to the Dow - take a look at the stochastic level
Now overly gold as a comparison.
Then you have the US500 (SPX) compared with Gold
You can use this to get a multiplier of the neutral cash ratio
Then overlay with the calculation
Take a look at some crypto - Bitcoin & SPX
Bitcoin to Gold
And Bitcoin to the DJI (Dow Jones)
As I said, it would be fascinating to get ideas & opinions - where you use crosses like this, why you find them interesting.
Have a great weekend!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Sure we can use things like Interest rates or 30 year bonds, take a measure of curves in the Dow Jones. But what tools - pairs - crosses or instruments do you find interesting and why?
In the crypto world - Bitcoin is changing the dynamic & I can't stress enough - it can't and will not keep moving up at 90-degrees. So how does it interact with the Dow, SPX or Gold? Be great to get your thoughts and opinions here on the topic. Share ideas, regardless of the tool, cross or instrument.
See some examples below;
Silver to the Dow Jones
The Fed's Balance sheet - this is interesting in its own right.
How about Gold to the Dow - take a look at the stochastic level
Now overly gold as a comparison.
Then you have the US500 (SPX) compared with Gold
You can use this to get a multiplier of the neutral cash ratio
Then overlay with the calculation
Take a look at some crypto - Bitcoin & SPX
Bitcoin to Gold
And Bitcoin to the DJI (Dow Jones)
As I said, it would be fascinating to get ideas & opinions - where you use crosses like this, why you find them interesting.
Have a great weekend!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
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