Pair Trading Strategy Journal

From today:

FISV BLL
KIM AKR
CB MMC
BHP FCX (on the open)
EMC TIBX
TRV WRB


...and several more

The biggest difference I see in my nowadays mostly unprofitable stock trading (after being successful for 12 years) is how much easier it is to read the charts and technicals off Iris pairs charts versus stock charts.

good luck...i have to run back and have a few more good trades before the close!

Mike
 
Quote from PairsGuy123:

From today:

FISV BLL
KIM AKR
CB MMC
BHP FCX (on the open)
EMC TIBX
TRV WRB


...and several more

The biggest difference I see in my nowadays mostly unprofitable stock trading (after being successful for 12 years) is how much easier it is to read the charts and technicals off Iris pairs charts versus stock charts.

good luck...i have to run back and have a few more good trades before the close!

Mike
More...
I really hate to bump a thread where it's obvious that it's just a Sales Pitch but you didn't provide enough information to even begin to assess the trades i.e. what trades - you threw out some pairs and that was it. Why anyone would pair FISV with BLL is baffling i.e. a financial software company against a food container manufacturer? If the software is so great at intra-day Pair Trading then provide some trade examples.

The moderators will probably be deleting your posts shortly but here's your chance to prove me wrong.
 
Here are some examples with prices called out in the chatroom today that I jumped on...

ETE short BP long -- entered 48.03 short/ long 41.12 (still open)

ETE short SU long -- entered 47.95 short/ long 32.44 (still open)

GD short GPN long -- entered 68.09 short / long 43.42 (still open)

SCHW short GS long -- entered 13.35 short/ long 115.79 -- exit 13.34 short / 116.16 long

ETE short COP long -- entered 47.86 short / long 57.75 -- exit 47.76 short / 57.79 long (scalp)

There you go Slave. It will be impossible for you to do anything more than verify the prices as far as validating the trades w/o Iris.

Good luck...


Mike
 
Quote from Slave2Market:

I really hate to bump a thread where it's obvious that it's just a Sales Pitch but you didn't provide enough information to even begin to assess the trades i.e. what trades - you threw out some pairs and that was it. Why anyone would pair FISV with BLL is baffling i.e. a financial software company against a food container manufacturer? If the software is so great at intra-day Pair Trading then provide some trade examples.

The moderators will probably be deleting your posts shortly but here's your chance to prove me wrong.
More...


Yes, I examined PairsGuy's Dec 5, list, too. I am purely a chartist with my own pairs trading approach having priority on SAFETY and high probability of achieving a gain vs a loss, with the trade off being the achievement of modest gains vs home runs, although the extra base hits do occur with reasonable frequency when I have the patience to let the trades run. With the exception of CB MMC that I put on my long term watch list, there was nothing there (for me). I, too, found some oddity in the matches that probably gets the attention of any style pairs trader.

I will look at his updated list that I am appreciative of him sharing. For those who are more conventional pairs traders than me, I urge continuation of examination of his examples. By conventional pairs trading, I am referring to those who want (and expect with selective choices) a faster occurring result than my style.

Those of you that use pair trading software impress me with your analytic explanations. Maybe PairsGuy can explain the rationale behind pairs he shares with us, other than green light / red light software.
 
I came here asking for insight on Iris and all I have are people asking for examples and proof of trades. I didn't build the software, and aside from the last few weeks of learning about it, I don't know anything else (aside from it being very impressive). My advice...do some leg work and read about it yourselves. Go to the chatroom (free btw) and learn from the real "PairsGuy".

Good luck in the future


Mike
 
Quote from deucy28:

Post for a pair trade consideration

Trading Forum / charts of Note thread

HOT HST three consecutive charts.....2 Years and 16 months and 5 days

http://www.elitetrader.com/vb/showthread.php?s=&threadid=237628&perpage=10&pagenumber=54
More...

Referring to quote above on my Nov 16 post that I posted on this thread and Charts of Note thread: It turned into a beauty (as of course I expect them all too....hehe.) It did what AET CI did (that got posted a day earlier on the 15th for a trade examination) .....just took a week and a half longer than AET CI which by the way is still soaring.

See today's chart movement as measured from the Nov 16 nomination for a trade, and the next one I posted after that referring to the threshold to cross as a recommendation when to close the trade.
http://www.elitetrader.com/vb/showthread.php?s=&postid=3699350#post3699350
 
Quote from PairsGuy123:

I came here asking for insight on Iris and all I have are people asking for examples and proof of trades. I didn't build the software, and aside from the last few weeks of learning about it, I don't know anything else (aside from it being very impressive). My advice...do some leg work and read about it yourselves. Go to the chatroom (free btw) and learn from the real "PairsGuy".

Good luck in the future


Mike
More...
You came here proclaiming how great the software is; here's some quotes from your posts:

... the charts are really impressive.

... all i have to say is WOW. I have not seen scalping/day trading signals made so clear since the early 2000s ...

... Plus they show the entries and exits plotted right on them ....

... and every detail of each trade and every level is available.

... i highly suggest you check this software out.

I was very skeptical since my own extensive analysis has shown that profitably scalping pairs on an intra-day basis is very difficult unless done on a High Frequency Trading (HFT) basis.

I asked that you provide some examples, because your comments indicated that it would be a snap since the software is so amazing. You first provided some pairs with no info and then after additional prodding you provided only some trade entry prices ... of which three of the pairs contained the same symbol (ETE). I tracked those trades today and it appears to me that they would mostly be losers if closed out today. I will let others decide for themselves but I think I've formed my opinion of the Sales Pitch.
 
I have been day trading some pairs over the last month or so with a lot of success, excluding this week :( I think that may just be the low volume leading up to the holidays that has hit me... or maybe not.

A lot of the complaints about day trading pairs seems to be commissions and slippage.

My comission is pretty close to zero (small credit when I add liquidity versus removing it) so it is barely even a factor. Not that level II windows are that useful anymore, but that combined with time and sales helps me exclude any pairs that will have any slippage for more than a penny, and even that is rare.

I am basically just doing mean reversion, but only in the early part of the day. If the spread is a little wider for the morning, just short the top stock and long the bottom stock and wait for it to close a little bit.


Is anyone else here doing anything similar on a similar timeframe?

Any thoughts (knowing that my commissions and slippage are very low) from anyone that has a strong reason not to trade like this?

Thanks all :)
 
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