where did johnny sharp go? how is he doing?
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Pair Trading Strategy Journal
- Thread starter jonnysharp
- Start date
does anyone know how to chart pairs on free charting sites such as stockcharts?
Please give example.
Please give example.
Quote from riskfreetrading:
does anyone know how to chart pairs on free charting sites such as stockcharts?
Please give example.
Try this: http://www.mfglobalfutures.com/resources/getquotes.cfm?page=cspread
or: http://www.market-topology.com/index.php?option=com_impactopia&view=chart&Itemid=7
or Thinkorswim demo account, real data chart free.
Quote from gtgtgt3:
Just founds this thread. Very interesting!! I trade intraday pairs with The IPTS at www.daytradepairs.com The only downside is that you need Tradestation to run it.
doesn't pair trading make one a prime customer for their firms?, what with all the capital used and interest on stock loan?, as well as commissions generated?
these pairs, exist, sometimes only in the minds of the traders and do not really have any fundamental or realistic pairing, hence support from others outside, hence higher risk to the trader believing that there is a pair that exists between the two selected stocks?
just a serious question to pair or hedge traders
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Quote from limitdown:
doesn't pair trading make one a prime customer for their firms?, what with all the capital used and interest on stock loan?, as well as commissions generated?
these pairs, exist, sometimes only in the minds of the traders and do not really have any fundamental or realistic pairing, hence support from others outside, hence higher risk to the trader believing that there is a pair that exists between the two selected stocks?
just a serious question to pair or hedge traders
why wouldn't a pair have a fundamental reasoning for entry? You have P/B, P/E, ROE, P/S, tons of reasons why you would want to be long one stock and short the other, some have a better fundamental bias than others. You are trading a relationship between two companies. I think if you are pairstrading without fundamentals you are doing yourself a disservice. If you are just daytrading pairs, then I guess you can gamble however you wish, in my experience, if trading pairs with fundamentals in mind, you will have to be much more patient, weeks, maybe months, but the opportunities for quick gains intraday working your position is also important.
HI, where can I find this software, google'd it but couldnt seem to find it...?
Thanks
Nick
Thanks
Nick
Quote from magon:
tradingtrading,
FAST:MSM LOOKS PRITY GOOD!!.
BY THE WAY DOV:IEX WORKED VERY NICE TODAY. THE RATIO WENT UP +1.79% AND THE NEUTRAL POSSITION +0.89% TODAY.
What software are you using?
I bought a program named "PAIR TRADE GOLD EDITION", it is very rudimentary and it looks for variation on the ratio of correlated pairs over a year period and if the ratio goes above 80% or below 20% of the range it is expected that come back to the 20-80 range. I made a portfolio to see how does it performs.
Also, I created on WealthLab (http://www.wealth-lab.com/Community/VirtualTrading/Rankings.aspx)
a market neutral portfolio under "FoolsCaps" name base on the insiders and the "Motleyfool" CAPS stars Rating. the portfolio will change every month (3 long and 3 short) according the new valuations.
Let's see.
Mark
Thanks Jeffbeil, I actually own pairtradefinder..lol It was late, I should have been more clear... I was inquiring about " pair trade gold edition that Magon is using...
Nick