Potential Short OpportunityThe PGR/ARMK pair is signaling a Short position at the close of last trading day, supported by (almost) all indicators, suggesting a promising opportunity.
ADX: Indicates no prevailing trend.
Price: Positioned in the overbought area.
Historical test: Shows favorable chances.
Correlation: This pair doesn’t stay in the "good" correlation area, but going over historical opportunities, it seems this is not a "no go" on this pair.
I must say, this pair involves a higher risk, since the correlation issue, so make sure you understand the risks before making a decision.
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Pairtrades
Potential Short OpportunityThe ACWV/AOR pair is signaling a Short position at the close of yesterday, supported by all indicators, suggesting a promising opportunity.
ADX : Indicates no prevailing trend.
Correlation : Remains high.
Price : Positioned in the overbought area.
Historical test : Shows favorable chances.
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Want to use our indicators? www.pairs-trading-strategy.com
Potential Short OpportunityThe TOL/CRH pair is signaling a Short position at the close of yesterday, supported by all indicators, suggesting a promising opportunity.
ADX : Indicates no prevailing trend.
Correlation : Remains high.
Price : Positioned in the overbought area.
Historical test : Shows favorable chances.
Want to learn more? www.pairs-trading-strategy.com
What to use our indicators? www.pairs-trading-strategy.com
OHI/SBRA: Potential Long OpportunityOHI/SBRA is showing a signal for a long position starting today, and all indicators support what appears to be a promising opportunity.
ADX: Indicates no prevailing trend in the pair.
Correlation: Remains high.
Price: Positioned in the oversold area.
I will monitor the market throughout the day and make a final decision on this trade by the day's end.
FANG/EOG: Potential Short OpportunityFANG/EOG is showing a signal for a Short position after the end of yesterday, and all indicators support what appears to be a promising opportunity.
ADX: Indicates no prevailing trend in the pair.
Correlation: Remains high.
Price: Positioned in the overbought area.
New pair trading opportunity today?VGK/EXG is showing a signal for a long position starting today, and all indicators support what appears to be a promising opportunity.
ADX: Indicates no prevailing trend in the pair.
Correlation: Remains high.
Price: Positioned in the oversold area.
I will monitor the market throughout the day and make a final decision on this trade by the day's end.
Confirmed breakout of LT channel in QQQ/SPY 🚀My previous thesis played out perfectly on this in 2022 (see profile).
Now, we have sharply flipped after getting close to the bottom of the channel on this key pair trade.
The beautiful breakout, with a confirmation pullback, suggests the outperformance of QQQ over SPY will continue and the breakout of the channel which occurred in 2020 is here to stay.
Given this is a sharp breakout, it suggests a significant bull-run which catches everyone off-guard (like 1999) is also possible.
As a long-term investor, QQQ is a better bet than SPY in my opinion.
Etherium versus Bitcoin: Chart Edition. Bull or Bear?The beauty about crypto trading is:
1. 24/7 wordwide. You can trade on the worlds crypto exchanges from anywhere that's not authoritarian
2. The charts are beautiful
3. The crypto industry is getting legit. bad players are getting shown the exit. Don't hold fake "stablecoins" unless who know which gangster/bankster "backs" them. Hint: Pay VERY ATTENTION to UK Regulators and BAD crypto exchanges their harbor in the British Isles!
Most important, TradingView provide wonderful perspective by comparing Key Pairs. The ETHBTC pair shows us Etherium is bulling compared to bull Bitcoin so, it's VERY Bullish.
Can the markets change directions? Sure, but from this summer, most people could see that the tide is turning between these two "blue chip" cryptos.
Crypto Allocation:
Etherium 40% ETH (the DiFi blockchains and payment powerhouse with ETH2's low gas fee, high speed and payment focus)
Bitcoin 40% BTC (The King of Crytp, battle tested, hard limit, no single head)
Altcoins: "This can't be real but heck, let's join the profit parade LOL" 20% FOMO fever, bull cycle fun
DOGE : Shitcoin, joke, meme, community supported
SHIB: Purely a hype play, don't fall in love, eye the exit doors before other do!
TROY: Long short shitcoin with great TROYBNB pattern charts to trade hard and sell hard. Wear gloves and don't trust hype coins... Troy could make a good "trading pairs - how to zoom in to pending moonshots comparing coins between each other"
Market coiling into electionAs forecast the market and volatility has been coiling all week and likely into next week too with the election the week after that, I exited 2 pairs trades and put on 1 new pairs trade, long $VGT vs short $FDN. Highly likely I won't enter any new trades next week and flatten the portfolio before next weekend.
Jared