Win Lose or Draw : Be A Steve, Make A Call Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: augieboo who wrote (1829)	2/12/2003 8:28:20 PM
From: sun-tzu	Read Replies (1) of 11447

hey augie... the rydex funds for pairs trading is not possibile imo because you can't buy and sell multiple times in one day. so you can't play off support and resistance levels. these help you to "box and unbox" your position. i use 5 and 1 minute stochs on an intraday basis and correlate that with support and resistance lines. these help me to determine good entry and exit points for both shorts and longs. you want to put the long side of the trade on when the market is going down and the short end when the market is going up. then you can flip in and out based on your read of the signals. having a dynamic SPOO chart also is helpful to anticipate intraday trend changes. the reason you don't just short and long one vehicle is this: the duet allows you to short the weak end and long the strong end. so...if the naz is trading stronger than the spx...you can long the q's and short the spy. it's an additional advantage for the trader. it doesn't have to be qqq/spy, you can use stocks with a high degree of correlation: FNM/FRE MRK/LLY qqq/spy at least takes individual equity risk out of the equation. hope that helps, mike

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next