BATS:TLT   Ishares 20+ Year Treasury Bond ETF
407 views
I'm taking a long position in TLT (candle). I'm taking this trade based on the correlation (inverse) between TLT and SPY and the current ratio/delta. Both are calculated used data from the past 100 days. I expect some whipsaw in the upcoming days, but will sell at a loss if ratio returns to the mean. Anyway, will keep you posted of the next few days , weeks....

Comments

Followed.
Reply
Closing this Position @ 128.01 :)
Reply
came close to covering this position Friday, However my system still have this open.
Reply
New high for TLT, and the trade is still open :) ,
Reply
dimes Algokid
I agree Kid good call.If the S&P gets over 1365 we could be going up I.M.O.. but I think action is going to be choppy this is one of the slowest trading times of the year but should pick up shortly. If S&P Falls from this area when volatility picks up there can be another big move to the down side. Possible wave 3 of 3 in Elliott Wave terms which if holds true can put the S&P in a good downward spiral and keep you in this trade for a while. From what I noticed it seems your more of a swing trader If I am not mistaken. For relatively new traders like myself I believe that is the only way you can make consistent profits.(at least that was the turning point for me). Do you agree.
Reply
Algokid dimes
Hey Dimes.

Yes I'm a "long term", conservative trader ( usually check my position on a monthly basis). New traders can make money in many ways. Just depends on your style. Having said that, I believe new traders could benefit from swing trading. keep them from existing a trade too early, and also save them from over trading and paying too much commissions.
Reply
Agreed.
Reply
Followed.
Reply
Agreed.
Reply
Still no signal to close this trade
Reply