Chances are next to none if both trades were placed around same time and they are exact inverse. The first stop will always hit well before other's target (because of 1:2 ratio) ;-)
Look back at entry times of both fas and skf...different times. I really didn't want to do the SKF trade, but that setup was just too pretty.
This is exactly what I wanted to know. Anyway, guess we are having this whole discussion because SKF position was opened before FAS position got closed. So you were effectively making bet on fin-sector in both direction at the same time.
Geez, your DIA trade hit its target, but I was wondering why you didn't select DDM instead, given the lack of volatility in the market at the time of your trade.
Geez, In your particular case that could have happened, but in the theoretical post I made whereby one takes a volatility bet on both sides of the trade, it wouldn't really be possible. I figured with your trade, you had the one going and you leave your trades to play out. Then, the other one made a nice set up shortly thereafter. So, in that situation it would be possible to hit both targets. But, not in a pair trading strategy. These are slightly different variations but a similar theme.
Geez, your DIA trade hit its target, but I was wondering why you didn't select DDM instead, given the lack of volatility in the market at the time of your trade.
On this trade did you set the target and then calculate the stop based on that target? From the charts, that's what it looks like, which is the opposite of what you usually seem to do. Thanks.