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The RSI & ratio doesn't have to be showing a divergence to take a signal in my opinion, and whilst correlation was trending down in the short term, in the medium term it is increasing(the latest value was higher the start value on the chart), but what I liked was that the signal went straight...

thanks. what do you mean by intraday? entry & exit signals are given throughout the trading day or do you mean trades lasting minutes instead of days?

Well for me its definately been worth the investment, very happy with my results so far, I posted all my trades ive taken in a spreadsheet on pg71 of this journal if you want to see my performance to date.

Yes as Gabe mentions you would use the ETF's QQQQ & DIA, however Ive found pair trading profits with ETF's to be low compared with stocks because of their constrained movement and high correlation, there are 1000's of good stock pairs I wouldn't even bother with the ETF's.

I mean look at the distance between the blue line and green line on your ratio chart, is it of similar distance than previous divergence's, I want to see it at least somewhat the same if not more, I don't like a ratio chart making new highs or lows, because that means your fading the trend.

I really do keep it simple, ive got pairs from several different industries, most of my pairs are above 90% correlation, won't trade anything lower than 80%, I don't like to see correlation strongly trending down, and the ratio chart has got to look like its in a trading range or overextended, I...

First and foremost you need to have the passion, you can't just be doing it for the money, you need to have a unquenchable thirst for winning and a love of the game. Then you need a high level of discipline, persistence & patience. Then you need to find a method with a edge. Your method is only...

Thankyou, yes I think its a combination of a few things, picking trades better based off eyeballing the ratio chart, choosing pairs with higher and increasing correlation, the release of pairtrade finder version 2 made it easier to find better trades and also I think when I started this journal...

thanks gabe for your analysis and inputs, yes market direction does affect which side makes most of the profits naturally, its funny because ive been bearish for a long time now and it did cross my mind when I started this journal to weigh by shorts 120% to that of my longs, but decided against...

Thats ok, there's no science to what I want to see, just a quick glimpse and I can tell if its ok to trade or not(just my opinion), if you go over my attachements for all my trades and look at the ratio charts you will get the idea.

One new trade friday; Long GFI @ 8.23 Short AU @ 25.96

Yeah sure, here is a spreadsheet with all my trades exactly as entered in this journal. Profit/loss is based on $10,000 invested in each trade. As you can see the majority of my profits have been made on the short side and my performance has improved since starting this journal.

Exited one trade for nice profits; Sold ANV @ 4.25 Covered GRS @ 4.59 Opened 1 new trade; Long SII @ 23.23 Short DRQ @ 21.96

Exited one trade for nice profits; Sold GES @ 15.12 Covered JWN @ 12.04

One new trade; Long TEN @ 2.41 Short TKS @ 7.76

Yes ive done the same thing, ive got layers at 2.00, 2.50, 3.00, 3.50 & 4.00 and reguarly see 2nd layer opportunities, most of the time they are on the same signal as the first layer, see a few 3.00 signals but yet to see any pairs 3.50 or 4.00 deviations from their mean. Have been considering...

2 new trades; Long BAS @ 10.80 Short HAL @ 17.93 Long ETE @ 17.47 Short MGG @ 16.16

One new trade; Long ANV @ 3.92 Short GRS @ 5.04

Yes I filter through multiple entry signals everyday and am very picky in the one's that I choose, basically I have my pairs watchlist split into different industries, then only look at pairs above 90% correlation, I like to see an correlation in an uptrend, but mostly I'm eyeballing the ratio...

Yes I scan for signals between 3:30-3:40pm, and send MOC orders, sometimes if I don't get MOC orders entered in time il send mkt orders just before the close, yes the closing print will be different from the 3:40 price, usually not by much, sometimes a better price, sometimes not, equals out...