justatrader
Long

Long Dollar Index. Short 10-Year Notes

DXY/TNX  
DXY/TNX  
246 4 3
This is my first attempt at using two different securities/pairs trading. So i'm not sure if I did this one right (comparing USDX to Treasury).

Chart shows clearly, to buy Dollar index             and sell the 10-year treasury notes. Sitting right above the 150MA. Upside objective comes in at 36.27 (previous support/resistance level). Could this possibly hint at continued taper in the next FOMC meeting?

Would like to hear some thoughts from TV community and perhaps point me to other such similar charts that compare two different securities.
Professional market analyst with a keen interest on futures. Love keeping an eye on the markets. Currencies, bonds, commodities. Combining technical analysis and the fundamentals. Contact me for more details.
ForceFollower
2 years ago
Interesting. I don't think you've done anything wrong. It's just pure math. You can compare whatever you want with whatever you want. :-)
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JesusDiaz
2 years ago
This is great. It gives me ideas to analyze some pairs on my own.
Reply
HappyKing
2 years ago
Good idea ! Good luck !
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Stumbled upon this. Amazing returns
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