Anyone scalping the FTSE Futures??

[hereward the wake]

Just a little joke

 

[bustech]

Best place for them ;-)

Lived 23 years in England and 21 years now in Australia.
Allows me to cheer the winner in the cricket.

 

[SuddenDeath]

Lived 23 years in England and 21 years now in Australia.
Allows me to cheer the winner in the cricket.

:clap:

 

[hereward the wake]

 

[SuddenDeath]

Ftse +41

 

[SuddenDeath]

Rio +1.9%
blt +1%

 

[Splitlink]

Morning all. What averages are you using splitlink? I'm using 8, 21 and 34 on a 5 min chart (you can see I'm a fibonacci fan) ;-)

4 and 12 on 30 min. All reference points for entry are what I consider to be attractive. I don't use pivots or fibs because they are no better, or worse, than my own.

 

[SuddenDeath]

FTSE +42 = Dow +116

Current dow spread bet level is 100pts below level implied by FTSE +42

 

[Splitlink]

I'm in forex this morning.

 

[reksa]

FTSE +42 = Dow +116

Current dow spread bet level is 100pts below level implied by FTSE +42

Where do you calc these from SD. I use a spread option on my charts which calcs it from midnight.

 

[SuddenDeath]

ftse 4.35pm close = Dow 12,757

Dow = FTSE * 2.3234

when the ftse is closing i put a 50min moving average on a 1min dow/ftse chart to get the ratio. the level of the 50ma on the 1min chart i compare the two ma's to get ratio

the spread function in some charting platforms does this for you.

 

[bustech]

Euro is coming off yet again.
FTSE still holding.

 

[reksa]

ftse 4.35pm close = Dow 12,757

Dow = FTSE * 2.3234

when the ftse is closing i put a 50min moving average on a 1min dow/ftse chart to get the ratio. the level of the 50ma on the 1min chart i compare the two ma's to get ratio

Thanks for that SD. I run a relative strength chart so it calcs the ratio continually. Well I think it does.
I also plot the spread using a 2:1 ratio, that way I can see the +/- strength in points. The ratio I would use if I traded them as a pair, similar to what Barjon does.

 

[SuddenDeath]

Thanks for that SD. I run a relative strength chart so it calcs the ratio continually. Well I think it does.
I also plot the spread using a 2:1 ratio, that way I can see the +/- strength in points. The ratio I would use if I traded them as a pair, similar to what Barjon does.

the ftse has been very weak compared to dow/sp500. IG has some differential spreads which is dow minus ftse.

The dow/sp500 are very strong almost maximum bullish reading for tuesday(todays trading) which usually leads to solid but modest up closes.

 

[hereward the wake]

4 and 12 on 30 min. All reference points for entry are what I consider to be attractive. I don't use pivots or fibs because they are no better, or worse, than my own.

Do you get a lot of whipsaw?

 

[Splitlink]

That happens with averages whuich is why I prefer the 30M. But that, too, is not free from whipsaw. Apart from averages I use Bollingers, which give extreme levels around the average. When the Bollingers start coming together that indicates a sideways trend starting. . Shorting and buying on Bollingers helps to get the timing better during whipsaws. Nothing is perfect, however.

 

[SuddenDeath]

That happens with averages whuich is why I prefer the 30M. But that, too, is not free from whipsaw. Apart from averages I use Bollingers, which give extreme levels around the average. When the Bollingers start coming together that indicates a sideways trend starting. . Shorting and buying on Bollingers helps to get the timing better during whipsaws. Nothing is perfect, however.

Splitlink have u loked at using the centreline between the bollingers as a line to go long/short on the cross?

 

[SuddenDeath]

charmercharts is doing a free trial

 

[hereward the wake]

That happens with averages whuich is why I prefer the 30M. But that, too, is not free from whipsaw. Apart from averages I use Bollingers, which give extreme levels around the average. When the Bollingers start coming together that indicates a sideways trend starting. . Shorting and buying on Bollingers helps to get the timing better during whipsaws. Nothing is perfect, however.

I use bollingers too in fact I bough the book "Bollinger on Bollinger bands" by John Bollinger. Bit of a dry read but worth it just for the stuff on the squeeze.

On perfection:

Ring the bells that still can ring
Forget your perfect offering.
There is a crack in everything,
That's how the light gets in.
~Leonard Cohen

 

[Splitlink]

Splitlink have u loked at using the centreline between the bollingers as a line to go long/short on the cross?

Mate, I'll tell you! At my age, I've looked at them all!

Isn't the centre line the average, itself? In any case, whatever you use with indicators, they are all lagging. We all have preferences but I prefer to keep to the chartface, itself, not indicators underneath. I don't use fibs or pivots but, really, what difference are they from averages? If others like them I can't argue against them, especially if people make money that way.