TD
TD/CUBI: TD offering an interesting shortTim West has shared this setup in the KHL chatroom this week. I'm posting it so everyone sees it, in case you missed it.
We can enter shorts in TD, and additionally longs in CUBI to create a pair trade (or simply take the short).
Position size if trading the pair involves risking going long with 7% size in CUBI, and short TD (with the same size), simultaneously. This gives us a 1% risk if the ratio chart falls to 0.58, which will happen if TD moves up 7%, or if CUBI moves down 7%.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
TD have still to go lowerI think there is still more to go lower. I expect the price to hit the mid upper channel line at least.
Use the screenshot below to readjust the scale:
Cheers,
Keops
