PAIR TRADE IDEA (EWT (Tawain)/EWW( Mexico)

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Correlation between the ETF is about 95 % . We can see clearly on this daily chart that there 's some divergence. EWT             ( blue) seems to be the weaker ETF compare to EWW             (orange). In this case I'm shorting EWW             and long EWT             . Will exit once the ratio is closer to the mean.

closing this pair : Went long EWT@ 12.72 current price is 11.61, Went short EWW @55.87 current price is 53.52, for a net loss. My success rate with pair trading ETF is very poor so far. I don't think I'll trade them anymore.... oh well , lesson learned
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