IvanLabrie

TD/CUBI: TD offering an interesting short

Short
CUBI/TD  
CUBI/TD  
Tim West has shared this setup in the KHL chatroom this week. I'm posting it so everyone sees it, in case you missed it.
We can enter shorts in TD , and additionally longs in CUBI to create a pair trade (or simply take the short).
Position size if trading the pair involves risking going long with 7% size in CUBI , and short TD (with the same size), simultaneously. This gives us a 1% risk if the ratio chart falls to 0.58, which will happen if TD moves up 7%, or if CUBI moves down 7%.

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Cheers!

Link to Tim West's chatroom: https://www.tradingview.com/chat/#c8Bzrh...
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Trade closed: stop reached
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