We can enter longs in GLD and shorts in GOLD as a pair trade here, risking 1 monthly ATR on each leg.
For GOLD that's 11.17% upside risk, and for GLD 6.43%. Risk 1% on each side and off you go.
I'd reccomend holding this one for an extended period of time until it approaches the 1.06 zone.
A drop in the ratio below 1.04 would make me doubt this setup.
Check out my updated track record here: pastebin.com/6CyyqnPT
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
For GOLD that's 11.17% upside risk, and for GLD 6.43%. Risk 1% on each side and off you go.
I'd reccomend holding this one for an extended period of time until it approaches the 1.06 zone.
A drop in the ratio below 1.04 would make me doubt this setup.
Check out my updated track record here: pastebin.com/6CyyqnPT
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Comment:
Ratio going up.