brewski1984
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Hoping they meet in the middle?
barjon
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Aye, DOW has been trading very strong against NASDAQ so looking for for them to revert to a more normal relationship by NASDAQ trading strong against DOW - doesn't matter if they are going up or down so long as NASDAQ rises more than DOW relatively if the UP continues, or falls less than DOW relatively if they go south.
D
Dowser
So this raises the question of when to close the trade, what will you be looking for?
barjon
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Yes, there's no natural target to look for - either for gain or loss - so it's just a question of watching how it goes. I check it each hour.
barjon
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Just closed
Nas 6054, Dow 23334 for net £52 on the basis of £1 Dow, £4 nas.
Bit of a roller coaster while I was out at the circus with granddaughter (so much for checking every hour!). One of the troubles with this sort of trade is that you can’t set a trailing stop or anything like that because it’s the relationship between the two that counts and not the individual prices.
Nas 6054, Dow 23334 for net £52 on the basis of £1 Dow, £4 nas.
Bit of a roller coaster while I was out at the circus with granddaughter (so much for checking every hour!). One of the troubles with this sort of trade is that you can’t set a trailing stop or anything like that because it’s the relationship between the two that counts and not the individual prices.
mpups
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nice idea dude
counter_violent
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Dow has gone beserk this month compared to S&P and NASDAQ, despite Brexit.
Fixed that for ya.
Pat494
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did you just take a trade without a stop jon!?
No stop ? Back in the 1950s when I went to school that would have been a BM. Which is a beatable mistake. 6 thwacks with the cane on the backside. It really stung !!
barjon
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did you just take a trade without a stop jon!?
Sure did
. You can’t have a stop because you are basically trading the difference between the 2 prices.
barjon
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Sure is:
Nasdaq long @ 6215 = +144 @ £4 = + £576
Dow short @ 43430 = - 25 @ £1 = + £25
Net + £601
Unusually, both long and short in profit.
wallstreetwarrior87
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John, me thinks your broker will claim you took advantage of mis pricing on your Dow short
Joking apart - nice one, and another thread showing another way of trading. It pays not to label ourselves as anything, its more to do with spotting opportunities and taking advantage of them.
wallstreetwarrior87
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On a more serious note, we needed this to happen, the markets had gotten a bit out of whack, and if we are to have a pullback Tues/Wed then we need all 3 ducking and diving in sync, rather than having a puppy off the lead doing their own thing.
counter_violent
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Have a heart. Brewski is all in spuds deep long Dow.
Going very well I hear.wallstreetwarrior87
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Have a heart. Brewski is all in spuds deep long Dow.
Monday blow off then :cheesy:
Then everyone is happy as Larry - or should that be as happy as Brewski
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