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Squawk / 05 August 2016 at 16:14 GMT
Hypothesis Testing
United Kingdom
Following the article last week....
BP has posted an extreme on the very short RSI 2 momentum and we gained our first positive close.
Currently LONG from 416p but after costs b/e now 417p....full economies of scale taken. CFD's would earn far more as leveraged but as a pension trade this has to be equitable biased. Thus no interest charges. If we ignore the base rate reduction and assume the old risk free rate I need to cover at 421p+ to make this trade really worthwhile.
fxtime fxtime
Update ...BP now at 426p so profit equates to +10p but after costs profit is +9p per share and thus the trade is now covered. Remember this is a trade looking for inefficiencies in market pricing ONLY and not a position trade. The total return is 2%+ net over the two trading days....which exceeds the annual risk free rate of of all profits banked in 2 days where as a deposit account obviously requires your hard earned money being held over one year to try and match the profit booked now :-)


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