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Charts of Note
- Thread starter darkhorse
- Start date
Quote from koolaid:
I have been on and off this thread. I like the safety of pairs trading in exchange for lower returns. Are you scanning for these pairs manually?
I welcome this question. It is huge beyond what you could think. Can you post it at a location cited below for the following reason....
The purpose for the above cited, intended trade is explained elsewhere. In order to preserve the intent of this Charts of Note thread--having charts and self-explaining charts--any posts related to the pair trading involved in my charts are best referred to a pair trading thread where I am active.
Narratives, discussions, questions and answers for my charts are perfect at and encouraged at the following threads:
Pair Trading Strategy Journal (a primary one for me)
http://www.elitetrader.com/vb/showthread.php?s=&postid=3785026#post3785026
OR
Spread Trading Strategies
http://www.elitetrader.com/vb/showthread.php?s=&postid=3785115#post3785115
This is trade in progress, day after recommendation.
Chart posted here is a reference illustrating what a 1/2 percent change looks like on any 1 - day chart going forward.
(For the uninitiated in pair trading, it also shows the trade's indifference to market direction for this relationship oriented trade; in this case a down market is irrelevant to the gain being made as the trade is exclusively devoted to the movement between two stocks.)
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3817043>
Chart posted here is a reference illustrating what a 1/2 percent change looks like on any 1 - day chart going forward.
(For the uninitiated in pair trading, it also shows the trade's indifference to market direction for this relationship oriented trade; in this case a down market is irrelevant to the gain being made as the trade is exclusively devoted to the movement between two stocks.)
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3817043>
Attachments
A sequel (today's chart) from yesterday's chart theme of hedged pairs' indifference to general market direction and the pair's direction and slope.
http://www.elitetrader.com/vb/showthread.php?s=&postid=3817949#post3817949
http://www.elitetrader.com/vb/showthread.php?s=&postid=3817949#post3817949