FTSE/DOW Symbiosis

Couldn't sleep

Nagging around in my head was an interview in Traders Magazine some months ago with a top US S&P daytrader. When asked about his trading strategy he startled the interviewer with its simplicity which was, if I remember correctly, "When we're (S&P) trading weak to the DOW I play the short side and when we're trading strong to the DOW I play the long side" (anyone remember it :?. I presume the logic behind that is that when S&P is trading weak (strong) to the DOW then down (up) moves in the DOW will be exaggerated in S&P.

Since there is a similarly symbiotic relationship between FTSE and DOW I wondered if such a strategy would work on FTSE. After a somewhat cursory bit of research over the last couple of months I think it might. Any views?

good trading

jon

barjon said:

Couldn't sleep
Hi

good trading

jon

Click to expand...

Hi Jon,
I have attatched the following spreadsheet of my ftse trading for the last 3 months...
I would appreciate your views on the trading sheet...of my performance and it is some what based on the simlar concept..

Thanks
Rav

rav700 said:

Hi Jon,
I have attatched the following spreadsheet of my ftse trading for the last 3 months...
I would appreciate your views on the trading sheet...of my performance and it is some what based on the simlar concept..

Thanks
Rav

Click to expand...

rav

see pm

jon

barjon said:

rav

see pm

jon

Click to expand...

No Problems... Jon...I know I should not have put in figures in my spreadsheet..
But just thought I would let you analyse like other traders....I do not forget to post my lossess lol....
I have the same for forex as well..

I think you have picked up on an excellent point Jon and a good indicator.

I have Ftse fut. and Dax fut. overlayed on the same chart and watch carefully the relationship between the two. e.g strength , weakness etc and whilst observing ym es etc. Quite often ftse or dax will give off a signal prior to the other and give you a heads up as to market direction.

I also do it in the evening with dax and ym in the same chart. Quite often ym will take a dive whilst dax is marking time,when you see that happen you can dive on the ym and ride the bounce back up and giving you a free entry into the market. You either take the short term points on offer or leave for the bigger picture.

There are many others out there I would imagine.

rav700 said:

No Problems... Jon...I know I should not have put in figures in my spreadsheet..
But just thought I would let you analyse like other traders....I do not forget to post my lossess lol....
I have the same for forex as well..

Click to expand...

Hi Rav. Im just starting out with trading and avidly reading the posts on this forum. It was great to see an example of a trading spreadsheet - thanks for that - its something im trying to setup for myself along with a trading system. Im curious - what is the " personal rating" column you have? It seems to link to number of pips/points column somehow. Also how does your P/Lot column work? is this the bet per point? If so - these are odd amounts to bet. Look foward to hearing from you.
Pedrito

Rav, would you like to give a few pointers on how you gauge the momentum on Dow's close to determine your direction on FTSE, the next day?

FTSE/Dax on same live chart?

klw said:

I have Ftse fut. and Dax fut. overlayed on the same chart

Click to expand...

Hi, just wondering what package you are using that allows this?

I want to do the same with the S&P, Dax and FTSE, just not sure what software I need to do this.