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GBPJPY 4H TREND STRATEGYGBPJPY Been waiting a few weeks for the current uptrend to show signs of fatigue. Two very important MAs for this pair have crossed confirming that the top has been found IMO. Price has now tested MA20 as resistance below the MA50 Setup for Short order will be after current 4H closes bearish. SL set to top of previous 4H candle 145.746 + Spread TP when price passes back above MA20 and holds above Linked to this idea is also a similar potential set up for USDJPY over the new few days.
Short
by RenkoBuddy
Pairs Trade - AZO a sell and AAP a buy Look at the history of these two stocks going back to 2011. They are identical in performance and yet AAP reports its earnings FIRST and the stock tanked 30 points or 15% last month. Autozone reports on Dec 8th and could face a similar fate as AAP since they are in the same business. Lately, new car sales have taken off to the upside and at some point investors could back off on the sky-high valuations of these stocks that have been delivering steady and consistent profits gains over the years. It's never easy to call the end of a trend, but I'm thinking this is a low risk trade to be long AAP and short AZO into earnings next week. You can manage risk best using options to set up this trade. Target 10% down on AZO relative to AAP. Your profit could come from one side or the other, but you would think that the catalyst would be the earnings report on 12/8/2015. Stay tuned. Tim AZO 776.28 last AAP 159.94 last
NYSE:AZOShort
by timwest
1
Follow-Up of Winning Long DuPont/Short SPY Pairs Trade As soon as DD turn up relative to SPY on the day highlighted it was the time to put on the trade. Even if you waited until it went over the 10-day average of the ratio, you would have gotten in with very good risk/reward. You would have had 1% drawdown on the first day's open, then as much as a 19% gain from there to today's high, or a 16% return to the last sale. Had you just bought in on the day of publication, your maximum drawdown was 0.42% and your maximum upside was 19.79% for a worst/best ratio of over 40:1. Now that is a big trade. You can see how easy it is to graph the ratio - just type in one symbol, then the "/" backslash and the next symbol, with no spaces. Ratios often tend to trend a bit better than outright positions, but there are no guarantees. Wishing you many more returns. Tim 2:59PM EST 10/6/2015
NYSE:DD
by timwest
4
Sell Short JetBlue (JBLU) compared to Buy Southwest (LUV)The ratio of LUV/JBLU is turning up after a long slide of 50% from 3.00 down to 1.50 where it is breaking a 5+ month downtrend in the past two days. If you look at the pure price chart overlay of the two stocks, they oscillate back and forth over time and looking back one year (in this chart) you can see that LUV is lagging a bit lately and JBLU is ahead of itself. I am looking at putting on both of these positions: Short JBLU to fall relative to LUV. And Long LUV to rally relative to JBLU. Risk 3% to make 10% over the next 10-15 days. Tim 1:48PM EST Friday, July 24, 2015
NASDAQ:JBLUShort
by timwest
3
Riding the bullish momentum of the USDCAD - daytrade/intradayThroughout this entire year, USDCAD has been rallying which can confirmed on the larger timeframes such as monthly, weekly and daily. I'm basing this trade based off of that momentum and on a simple trend-contination setup. As you can see, price has been consolidating this past week and along with all the momentum n volume today coming because of greece, Im expecting this to go higher with a target of around 1.2800 - around 80 pip profit
Long
by ppp7
WHY AUDUSD MIGHT BE A GOOD LONG-TERM SHORTALL CURRENCY PAIRS IN WHICH THE USD IS THE DENOMINATOR HAVE BEEN FOLLOWING A SIMILAR ARC SHAPE SINCE THE 2009 RECESSION. AS WE CAN SEE HERE, JPYUSD, CADUSD HAVE REACHED THEIR PREVIOUS SUPPORT AREAS. ONE CURRENCY PAIR THAT HASNT REACHED ITS PREVIOUS LOW IS THE AUDUSD. ALL MARKETS WORK TOGETHER, THEREFORE I BELIEVE THIS PAIR IS LAGGING COMPARED TO IS RELATIVES. AUDUSD COULD BE A GOOD POTENTIAL SHORT IN THE LONG RUN AFTER ITS CURRENT CONSOLIDATION.
by YungFinance