ASX Stock Pairs Trade Journal

[fiftyeight]

+1

Sounds like a great idea

I've noticed a few people don't know how many pairs are out there, yet more experienced individuals such as SKC knows a few more than others. When I get a chance and some spare time. I'm going to go back through this thread and get absolutely every single pair that anyone has mentioned and put them into a spreadsheet or Microsoft Word document.
Then I'll upload it here and we can discuss which one's should be removed and/or added to it. Eventually we should get a decent database of possible pair setups. - Hopefully this might increase some of the more green traders (such as myself) winning statistics as they pick up more trades (reverse could be true).

I can divide the pairs into groups (noticed some don't like trading REIT's for example - Such as 'Financials', 'Mining', 'Media' etc.
Some might be cross-sector so I could make a separate group called 'Cross-Sector' or something along those lines.

I reckon this might open everybody's horizon's a bit more and realise just how many pairs are out there.

The layout will be something like this:
View attachment 52691

If this sounds good to everybody, I'll try allocate some time for it.

 

[CanOz]

Errr guys, i believe this is SKC's bread and butter here, he makes his living from trading ASX pairs... i wouldn't be asking too much of him

 

[DJG]

Errr guys, i believe this is SKC's bread and butter here, he makes his living from trading ASX pairs... i wouldn't be asking too much of him

Is this in regard to me whipping up a spreadsheet with possible pairs to be traded or something else?
If by any way it's chopping up SKC, then I'd prefer not to cut in on him, especially as mentioned if he earns his living doing pair trading...?

 

[CanOz]

Is this in regard to me whipping up a spreadsheet with possible pairs to be traded or something else?
If by any way it's chopping up SKC, then I'd prefer not to cut in on him, especially as mentioned if he earns his living doing pair trading...?

No, i just mean given that SKC is trading for a living, perhaps one might not expect a "follow my trade" type of scenario from him in terms of involvement...not that i am speaking for him or anything, but it might be good to be a little sensitive towards that...that's all..

CanOz

 

[fiftyeight]

I thought it was more danga was going to go through past posts and some of the more common pairs?

I dont have any software yet so I though it would be good to have a list to chuck into googlefinace and have a play around

 

[skc]

Is this in regard to me whipping up a spreadsheet with possible pairs to be traded or something else?
If by any way it's chopping up SKC, then I'd prefer not to cut in on him, especially as mentioned if he earns his living doing pair trading...?

The pairs trading world is big and diverse and there'd always be new entrants from retail to insto players. I don't trade that big in the whole scheme of things and I doubt a few people on a forum starting out is going to "chop" on my or anything. So all the power to DJG (and others) for having a go.

And there's so many ways to skin a fish. Trader A might hold for 30 days looking for mean reversal from 4 standard deviations to 2, while Trade B is day trading looking for discrepencies at the open. It's a big pond and the more the merrier.

No, i just mean given that SKC is trading for a living, perhaps one might not expect a "follow my trade" type of scenario from him in terms of involvement...not that i am speaking for him or anything, but it might be good to be a little sensitive towards that...that's all..

I think DJG is just trying to put together a list of pairs from this thread and that is fine. If I wanted to keep a pair secret then it's my fault for posting it up. A few people have asked me for my database before which is a little bit out of line.

And I won't be contributing to the list. Not because people will "cut" on me, but because I think putting the list together yourself is one of the most important foundation to good pairs trading.

As I have said before, I believe you need to be knowledgable about the stocks you trade - what are the major value drivers? Do analysts love or hate them? Are there upcoming news? Do they have a history of earning shocks? How are their peers doing (even if you are not pairing them up)? What's the typical liquidity and spread? Is the price looking to breakout? OR is the price approaching substantial support / resistance? Combine all these with your PTF signals will give you increased edge.

When I trade a new stock I am unfamiliar with, I put on 1/10 the size I'd normally trade, just so that I get to watch it more intimately and get the feel of how it ticks and moves. It takes time to truely own the list one puts together.

BTW, if I've put a trade on and post it here - people following me will simply help my convergence so it wouldn't hurt at all...

 

[DJG]

Thanks for the clarification SKC. Glad you don't mind.
I suppose it'll be a helpful database for those new traders, simple yet potentially helpful idea anyway.
I'll only put together a list of what is publicly listed on everybody's posts. By all means anybody can tear it to shreds and keep what they want.

I'll in no way be PM'ing or asking for anybody's secret pairs etc, that's just plain insane. Everyone should read SKC's above post, then read it again. Especially the part about knowing the pairs you're trading. It's all good and well for me to put together a list, it doesn't mean you should trade every single one of the pairs. I assume SKC has a decent size database, but I could almost bet with certain he makes the majority of his profits from the same pairs that he knows inside out and back to front so to speak.

Perhaps even the seasoned pairs traders might gain a point or two from the list, a pair they may of overlooked.

Thanks all, will get around to it shortly, might make a start tomorrow.

 

[DJG]

I've made a start on it whilst fitting it in between exam revision.
I've now finished the entire thread also. Still waiting on PTF to respond to my two emails which are weeks late.
Anybody got onto this bloke?
Is there any other system out there doing a similar thing I would much prefer to test and give my money to?

Thanks

 

[VSntchr]

Still waiting on PTF to respond to my two emails which are weeks late.
Anybody got onto this bloke?
Is there any other system out there doing a similar thing I would much prefer to test and give my money to?

Yeah Im waiting on a reply too...pretty frustrating...

Another false signal today with price/date data showing up 6 times for the one day which has thrown the mean calcs out.

Not sure if I can justify the money for such a buggy program with such horrible turnaround (if at all>?) for email....

 

[skc]

Yeah Im waiting on a reply too...pretty frustrating...

Another false signal today with price/date data showing up 6 times for the one day which has thrown the mean calcs out.

Not sure if I can justify the money for such a buggy program with such horrible turnaround (if at all>?) for email....

The PTF program doesn't seem to like long weekends. What you need to do is highlight all the pairs and run "Refresh Prices" and that will re-calculate everything and start producing valid signals again.

 

[DJG]

After installing the SQL as guided, I open PTF and I get this:

Waiting on a reply for two emails from PTF.

At least there is a nice business opportunity for those who want to take it, build something similar to PTF, reply to emails and you're already a step ahead

 

[edman79]

After installing the SQL as guided, I open PTF and I get this:
View attachment 52764
Waiting on a reply for two emails from PTF.

At least there is a nice business opportunity for those who want to take it, build something similar to PTF, reply to emails and you're already a step ahead

Try to create a pairtradefinder database yourself using SQL management studio - you should be able to download it for free if you don't already have it. If this gives you a similar error maybe there is a problem with your sql server install and you can google the error message to fix the problem.

I've found it really helps to be a little proficient in database management when running PTF.

 

[edman79]

Try to create a pairtradefinder database yourself using SQL management studio - you should be able to download it for free if you don't already have it. If this gives you a similar error maybe there is a problem with your sql server install and you can google the error message to fix the problem.

I've found it really helps to be a little proficient in database management when running PTF.

BTW I meant just an empty database name pairtradefinder.

 

[VSntchr]

#3 Long PMV $6.15, Short PBG $0.705

Will post more on todays efforts tonight after work.

 

[VSntchr]

#3 Long PMV $6.15, Short PBG $0.705

Will post more on todays efforts tonight after work.

So this is my second entry to this pair..and again execution was poor! Having limited time due to a job is a massive factor and Ive learned this quickly. Hopefully it wont render this strategy unviable for me.

Also entered #4 Long PRY $4.98, Short RHC $35.38

The PTF program doesn't seem to like long weekends. What you need to do is highlight all the pairs and run "Refresh Prices" and that will re-calculate everything and start producing valid signals again.

Thanks for the tip. Not sure if this works though, as the repetitve and missing dates continue to appear on some pairs!!!



Also closed 2 trades today:
Trade #3

Long IFL @ $7.45 (only partially filled, but not planning to reach up in this market..will be patient)
Short IAG @ $5.44

Average price for IFL turned out to be $7.48
Closed at IFL $7.50 (0.27% profit)
IAG $5.37 (1.29% profit)
Commission (0.10%)
Had the signal yesterday but missed it as I was working, would have had a better price for IFL but IAH did fall today too...

#2 Long IOF $2.97
Short WRT $3.02

Closed at IOF $2.96 (0.33% loss)
WRT $2.98 (1.32% profit)
commission (0.10%)

Some pretty small winners in there, nothing to write home about (just to ASF).

 

[skc]

Try to create a pairtradefinder database yourself using SQL management studio - you should be able to download it for free if you don't already have it. If this gives you a similar error maybe there is a problem with your sql server install and you can google the error message to fix the problem.

I've found it really helps to be a little proficient in database management when running PTF.

edman, have you any experience with using PTF or SQL with Win8? I am looking at buying a new laptop and was wondering if I should look for one with Win 7 while they are still available.

Thanks

 

[edman79]

edman, have you any experience with using PTF or SQL with Win8? I am looking at buying a new laptop and was wondering if I should look for one with Win 7 while they are still available.

Thanks

Sorry skc I don't have access to a win 8 PC to test for you. I know it works on xp and win7. I'll test it next time I'm using a win 8 terminal.

 

[skc]

Sorry skc I don't have access to a win 8 PC to test for you. I know it works on xp and win7. I'll test it next time I'm using a win 8 terminal.

I am using Win7 64-bit as well and it runs fine. But the PTF install guide hasn't been updated for Win8 hence the question.

It would be great if you get then chance to test it - thanks. Although I will be buying a laptop before end of the financial year so I may test it before you

 

[VSntchr]

Posting from phone so will update later but closed PMV at 6.30 for 2.4% profit and PBG @ 0.705 breakeven. Again commission at 0.1%

 

[VSntchr]

Beginning to think that working full time is making this just too hard!

PMV making me look like a goose, closing at $6.58 while PBG moved up only slightly

I also missed an exit on my PRY/RHC trade...and missed an entry on another that I hope I can get into on Monday (perhaps at better prices..)