Australian (ASX) Stock Market Forum

ASX Stock Pairs Trade Journal

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welcome back skc :)
And yes, it turns out that May is a favourable month for me as well, up about 22% (based on single leg size), with 6/6 winning trades

Didn't have much to do with APN lately as its correlation looks quite poor with other media companies

Today I got kinda lucky cuz I missed the MCR/MRE trade last week, otherwise it would have ruined my winning streak :)
 
SilverRanger said:
welcome back skc :)
And yes, it turns out that May is a favourable month for me as well, up about 22% (based on single leg size), with 6/6 winning trades

Didn't have much to do with APN lately as its correlation looks quite poor with other media companies

Today I got kinda lucky cuz I missed the MCR/MRE trade last week, otherwise it would have ruined my winning streak :)
Click to expand...

Good to hear you are doing well. Great stuff.

I couldn't get a fill 2 days ago on a PAN/MRE trade, so dodged a bullet there as well...Funny with MRE - there was actually a chance to get out with minimal damage right after resumption (opened at 70c I think) - but you would have to had a close eye on it.

FXanyone said:
No real news...seems like most print media stocks just fell out of favour while there were some games in APN. They centred around a possible restructuring of the board.

The damage was done in the space of about 4 days

May was better save being short HSP when its takeover was announced! Mind you still ended a small positive for the month.
Click to expand...

The healthcare stocks are all over the shop recently. PRY and SHL in the dumps, RHC and HSP flying high...
 
welcome back skc and others, looking forward to watching you rake it in again skc!

Pair Trading Update:

Volatility is back in the markets after it was at a low earlier this year, so opportunities are plenty across the board, just remember to stay current with business news so you know what stocks are in play and aren't, be careful in the resources sector with the tax story being a swing factor, look for a pop in the juniors when/if an announcement of a watered down version of the tax comes. Remember, even the peers of a stock in play can be affected, also remember to keep conservative position sizing.

Its a game of numbers, plenty of small trades with a small edge X leverage = good profits.
 
Opened long NWSLV and short NWS today, currently sitting in the red slightly, hope this one doesn't break my winning streak :)
 
SilverRanger said:
Opened long NWSLV and short NWS today, currently sitting in the red slightly, hope this one doesn't break my winning streak :)
Click to expand...

This pair has a high win rate although usually pretty thin profit. A slight hesitation in open / close on each leg might make the difference between win and loss.
 
skc said:
This pair has a high win rate although usually pretty thin profit. A slight hesitation in open / close on each leg might make the difference between win and loss.
Click to expand...
This is one of my favorites, high win rate, high correlation and best of all, it's the same company :)
In terms of entering/exiting this pair, I tend to pay more attention to NWSLV (less liquid), making sure that I get a fill on this leg first, and sometimes you can find some real good entries / exits of this leg at open /close auction
 
A media company pair appears on my radar today, FXJ vs WAN, it took me quite a while before deciding to pull the trigger, especially with the huge % of short positions out there :eek:
 
SilverRanger said:
A media company pair appears on my radar today, FXJ vs WAN, it took me quite a while before deciding to pull the trigger, especially with the huge % of short positions out there :eek:
Click to expand...

The huge short will actually help as they will need to cover the convertible position at some point. I saw it and missed it!!!

FYI in June I made 20 trades - 10 winners and 10 losers. Still lost money thought principally with BXB/AMC TSE/UGL and TEL/TLS.
 
SilverRanger said:
A media company pair appears on my radar today, FXJ vs WAN, it took me quite a while before deciding to pull the trigger, especially with the huge % of short positions out there :eek:
Click to expand...

Yes FXJ has been one way traffic for way too long imo. A strong close today although I got in at 1.28 and missed the low.

I couldn't find any WAN to short so had to use TEN.

Who did you short with?
 
skc said:
Yes FXJ has been one way traffic for way too long imo. A strong close today although I got in at 1.28 and missed the low.

I couldn't find any WAN to short so had to use TEN.

Who did you short with?
Click to expand...
I did the short with IG over the phone as MM, with some additional interest charge (5% P.A), been doing that every while and then, but it's really a hit and miss
 
FXanyone said:
The huge short will actually help as they will need to cover the convertible position at some point. I saw it and missed it!!!

FYI in June I made 20 trades - 10 winners and 10 losers. Still lost money thought principally with BXB/AMC TSE/UGL and TEL/TLS.
Click to expand...

Personally I would try to avoid TLS, until I see the NBN clouds are clear.

TSE/UGL used to be on my radar, but it has disappeared for a while now, I probably won't do anything with it til its correlation picks up again

For the month of June I still kept my winning streak from May :), but only did around 6 pairs or so, including twice with NWS/NWSLV
 
SilverRanger said:
Personally I would try to avoid TLS, until I see the NBN clouds are clear.

TSE/UGL used to be on my radar, but it has disappeared for a while now, I probably won't do anything with it til its correlation picks up again

For the month of June I still kept my winning streak from May :), but only did around 6 pairs or so, including twice with NWS/NWSLV
Click to expand...

I've paired TSE with WOR as both are weaker stocks. Whereas UGL is better teamed with MND at the moment.
 
skc said:
Yes FXJ has been one way traffic for way too long imo. A strong close today although I got in at 1.28 and missed the low.

I couldn't find any WAN to short so had to use TEN.

Who did you short with?
Click to expand...

Unbelieveable... why did TEN go up so much today when all other media stocks are battered down?

I closed FXJ this morning for a not so bad $1.345, but was waiting for TEN at $1.605 when it jumped to $1.65. Not wanting to be exposed nake for too long I had to close it at that price.

So a nice 4.5% trade turned into measly 1.9%. :banghead:
 
skc said:
Unbelieveable... why did TEN go up so much today when all other media stocks are battered down?

I closed FXJ this morning for a not so bad $1.345, but was waiting for TEN at $1.605 when it jumped to $1.65. Not wanting to be exposed nake for too long I had to close it at that price.

So a nice 4.5% trade turned into measly 1.9%. :banghead:
Click to expand...
Seems like this is the reason, didn't know people would pay that much attention to UBS tho...
http://www.businessweek.com/news/20...aland-stocks-bhp-billabong-stockland-ten.html

Greedy me, still haven't cashed out my 4.5% gain :)
 
SilverRanger said:
Seems like this is the reason, didn't know people would pay that much attention to UBS tho...
http://www.businessweek.com/news/20...aland-stocks-bhp-billabong-stockland-ten.html

Greedy me, still haven't cashed out my 4.5% gain :)
Click to expand...

Got out of FXJ/WAN in the closing auction today, hit the last minute FXJ buying frenzy, a nice 5.4% profit

Closed out another HVN/MYR with 1.6% gain, not as nice but it adds to my winning streak

Only got LEI/AIO hanging atm, which is sitting @ 3.8% loss :(, let's see how it goes in the next few days
 

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