ASX Stock Pairs Trade Journal

[mitchoby]

Hi pairs,

Thanks for the journal ... have been following avidly ... although admittedly with L plates on.

ABB/CSR is an interesting one ... at what point do you personally call it a day on a pair ... aside from the 10 day rule?

Its one of the nastier charts of seen to date so interested in your perspective.

Mitch

 

[bochman]

I think PT has mentioned that he is using the ratio to figure out whether it is time to quit (cut loss).

You would probably notice that the TOL & JHX pairs was way in the red just 2 days ago, like 10% down or something, before it make a massive turn around.

So, you can only hope that CSR & ABB turn around in your favour, or wait for the ratio to tell you to get out, or 10-15 days passed.

 

[samgribbles]

Gemtrawler - in Pilot, right-click the pair you are interested in and then Analyse Pair (from memory). You should analyse the charts before entering (correlation, rato, etc)

 

[gemtrawler]

Gemtrawler - in Pilot, right-click the pair you are interested in and then Analyse Pair (from memory). You should analyse the charts before entering (correlation, rato, etc)

i've done that but only half the pairs have all the relevant charts drawn.
And I'm using stocks with > 1 bill market cap.

Also for those pairs that don't have a correlation chart - we are still given an average correlation figure , but can we rely that this average correlation figure has nevertheless been updated and is still accurate. (i.e. in the instance when charts don't exist)?

For instance try these pairs and see if they have charts - AQP/OZL and BSL/OST , FMG/OST - can we trust the average correlation as being accurate for these uncharted pairs ?

 

[Pairs Trader]

New trade

Long FXJ @ 1.40
Short APN @ 1.785

 

[Mactavish]

hey pairs trader,
im interested in the settings you use for your pair trader program, ie the preferences in your signal settings and chart options.

thanks

 

[samgribbles]

gemtrawler:

 

[gemtrawler]

gemtrawler:

thanks samgribbles .. i still can't get the charts for that pair ?
but for about half the pairs i can.
.. so maybe it's my trial version ?

 

[Suprok]

Perhaps all the main bugs haven't been ironed out yet - I'm having similar problems gemtrawler. Don't always get the latest stock prices - but I do seem to have most charts.

For the example PairTrader gave above (APN/FXJ) I am missing a month's worth of prices for FXJ. Jared is trying to resolve the problem with me at the moment.

 

[jezzalad]

Closed trade for profits

Sold APN @ 1.61 (8.78% profit)
Covered FXJ @ 1.355 (5.03% loss)

Ive only had 1 loss in the last 14 closed trades.

Account is up over 60% since starting this journal in March.

Hi,
I've been watching this journal for a bit now. Great stuff PT.
From what I can see, there have been several posts trying to work out returns on investment with this method.
By your 60% above, is it safe to say that if you started with $20K in account it would now be worth $32K?
Cheers

 

[tone76]

For the example PairTrader gave above (APN/FXJ) I am missing a month's worth of prices for FXJ. Jared is trying to resolve the problem with me at the moment.

I'm having similar problems, which is possibly why I didn't get a signal for APN/FXJ.

Again, I'm another newbie that is hugely grateful to Pairs Trader for his support, software etc. I hadn't heard of pair trading until a few days back and have just started paper trading using the PairTrade Finder software. So far so good. I can see myself putting my money where my mouth is shortly ...

 

[Suprok]

Ok, after poking around looking at the actual SQL database tables with Jared's help, we've realised it is not PairTradeFinders problem. It is the sometimes flakey Yahoo data feed.

Specifically for FXJ (as of 31st July) there is only data until May - au.finance.yahoo.com/q/hp?s=FXJ.AX (can't embed this url as I have less than 5 posts - serves me right for being a lurker)

Confusion arose because Jared is using the paid IQ data feed which is more reliable.

 

[auric]

yes thats the problem i downloaded fxj.ax into amibroker to check yahoo data and 19th may is last quote
if jared is their an option to upload from your own database would be good
ie.normal ascii format then you could use your own eod data which i would be more comfortable with
have brought the software

kenbeth

 

[Sugar Dunkaton]

Jared,

It just got mentioned that you are using a paid data feed... is it possible for myself to get this as well. I am loosing it having all the errors in Yahoos data.

Thanks

 

[Mactavish]

isnt IQ feed only for US stocks?

 

[Suprok]

Ooops, my mistake - making too many assumptions again. I don't know how Jared is getting a complete feed - I just saw the IQ conection in his screenshot & assumed that it did ASX as well. But after looking at their website it seems not. So not sure how he is getting accurate ASX data.

 

[Pairs Trader]

Yes sometimes yahoo has missing data for certain stocks, they usually correct it soon enough, this is the give and take of free data.

IQfeed is only for US stocks.

Why I have correct data for FXJ is that ive had this stock loaded in my program for awhile and daily data gets collected normally, there is missing historical data when you retrieve a back fill now if that makes sense.

 

[Suprok]

Just a heads-up for those who (like me) are learning & trying to follow PairTraders trades - the FXJ data appears to be complete again as of 3rd August.

(perhaps Jared has a deal with Yahoo to make sure we can't profit from his finds kidding....)

 

[dr3wfish]

hi guys,

like many here, enjoying following this thread.

anyone using ib for their pairtrading? I'm using mqprime's cfds currently but am keen to move across for a number of reasons, not the least being significantly lower commisisions.

if you are using ib, do you use stocks or cfds (i assume these are the asx exchange traded ones..) ?

thanks,

drew.

 

[bochman]

yes, I would like to know how good IB is too.
Is it easy to access? etc.

If this is not the right thread for this discussion, please PM me re your opinions, etc, thanks.