Sidekicker
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Sorry, should reduce the chart size
You doing that manually or through software?
I could probably model it with Yahoo finance or Metatrader but it seems like on average when you get a 20pt difference or more, it's time to arb.
barjon
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Sorry, should reduce the chart size
You doing that manually or through software?
I could probably model it with Yahoo finance or Metatrader but it seems like on average when you get a 20pt difference or more, it's time to arb.
manual - i'm using 25 - 30 to be interested atm, then wait for the turn, or one of the ftse reversal times. Before Christmas it was 40 - 50.
barjon
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At the risk of annoying by continuing this off-topic discussion (but I did talk about the straight 15:00 reversal trade as well ) today was interesting so far as ftse/dow was concerned.
ftse opened -30 weak - ie: 30 points lower than if had kept pace with dow from yesterday's ftse (cash) close
it then traded +32 strong over the next three hours
followed by -22 weak over the next four
then strong from there into the close by +12
that strength has continued after the close by a further +6 as I write
ps: amended figures, got + and - mixed up!!
) today was interesting so far as ftse/dow was concerned.ftse opened -30 weak - ie: 30 points lower than if had kept pace with dow from yesterday's ftse (cash) close
it then traded +32 strong over the next three hours
followed by -22 weak over the next four
then strong from there into the close by +12
that strength has continued after the close by a further +6 as I write
ps: amended figures, got + and - mixed up!!
Dick Lexic
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At the risk of annoying by continuing this off-topic discussion (but I did talk about the straight 15:00 reversal trade as well
ftse opened -30 weak - ie: 30 points lower than if had kept pace with dow from yesterday's ftse (cash) close
it then traded +32 strong over the next three hours
followed by -22 weak over the next four
then strong from there into the close by +12
that strength has continued after the close by a further +6 as I write
ps: amended figures, got + and - mixed up!!
hey bj this 15:00 reversal might just have an edge... i just checked back the last 4 days and and each one looks good to trade... maybe someone could do a back test or something there might be something in it...i have no idea how to do this....don't really understand your calcs but maybe we could look for +/ - strength /weakness and go scalping at 15:00 it would be worth keeping the results for a while just to if it takes a pattern ...maybe martin could include it in his system as the wild card
barjon
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hey bj this 15:00 reversal might just have an edge... i just checked back the last 4 days and and each one looks good to trade... maybe someone could do a back test or something there might be something in it...i have no idea how to do this....don't really understand your calcs but maybe we could look for +/ - strength /weakness and go scalping at 15:00 it would be worth keeping the results for a while just to if it takes a pattern ...maybe martin could include it in his system as the wild card
Ignore the calculations, DL, they are not strictly applicable to the reversal times - I just take them into account in deciding whether I'm going to dow hedge the ftse trade or not.
We've talked before about the potential reversal times for ftse - 8:30, 9:00, 10:00 and 15:00 (that stems from the dow half an hour after open equivalent to ftse 8:30) . Not always on the button, sometimes 5 min early or late, but very often some attempt although not necessarily tradeable.
You can simply play an assumption at the first sign of faltering in the previous trend (you soon know if you're wrong) or wait for something more sophisticated. I reckon assumption best because you often get a straight reversal - like 15:00 today, specially if you look at dow - without much by way of warning. If you've waited and the reversal is short lived you're in too late by waiting. That's my take anyway.
I think Martin has some reversal time stats which he posted, but I can't lay my hands on it.
jon
barjon
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DL
Ah! Here it is http://www.trade2win.com/boards/uk-indices/120172-anyone-scalping-ftse-futures-504.html#post1742236 . Martin also said in another post that he hadn't researched the 15:00 time.
Ah! Here it is http://www.trade2win.com/boards/uk-indices/120172-anyone-scalping-ftse-futures-504.html#post1742236 . Martin also said in another post that he hadn't researched the 15:00 time.
Dick Lexic
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hadn't noticed that post 60-80% looks great but if they only produce 4-5 points it's no use to me as i use sb's and if i talk about a scalp it's usually 10points or more i try for.i was thinking the 15:00 might be more potent as the dow is open and also using other indicators like yesterday 5700 big round number today 5800 big round number elliot fifth today? fibs, volume, divergence and so on. kinda hard to back test all that i suppose but i'll certainly have 15:00 on the radar from now on.
thanks bj
Dick Lexic
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i see we just bounced of the 61 fib at 5760 hourly cash...still bullish above 750 for me
Dick Lexic
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hi reksa, no i don't trade the us it's ftse only for me but i use the us to give some clues for tomorrows market. either that or i'm addicted
more like fascinated to be honest. you ?hi reksa, no i don't trade the us it's ftse only for me but i use the us to give some clues for tomorrows market. either that or i'm addicted
Yes I trade the DOW
Dick Lexic
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respect.....moves way to fast for me just not comfortable with big moves panic sets in i guess..nothing worse
Dick Lexic
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s&p daily candle looks crap but don't they all over the last few days? grind grind grind
maybe the divergence will finally take it's toll but then again maybe not...good game
over and out
maybe the divergence will finally take it's toll but then again maybe not...good game
over and out
barjon
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4-5? Where you get that idea?
The 8:30s this week had roughly 16,18,61,60 (the last 2 ignored 9:00) potential (top to bottom)
The 9:00s 19, 45 L, L (last 2 since 8:30 not reversed)
The 10:00s 34,11,L,20
The 15:00s 34, 6, 64, 25
Dick Lexic
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ha back again. sorry bj i just have no idea about your system. i assumed ( wrongly) that it was a scalping method and my idea of scalping is 4/5 points 30 times a day. i am now totally confused with the whole thing so i'm of to bed.
have a nice evening and maybe i can get with the beat tomorrow
barjon
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ha back again. sorry bj i just have no idea about your system. i assumed ( wrongly) that it was a scalping method and my idea of scalping is 4/5 points 30 times a day. i am now totally confused with the whole thing so i'm of to bed.
have a nice evening and maybe i can get with the beat tomorrow
Sorry to have confused, DL. I was just trying to describe the reversal potential at those times. Just keep your eye on the action around those times and see what you think.
Hope you slept well
jon
Dick Lexic
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Sorry to have confused, DL. I was just trying to describe the reversal potential at those times. Just keep your eye on the action around those times and see what you think.
Hope you slept well
jon
hi bj, el thicko is back
have i got it right ......today 8:20 close at 5762 buy ...8:30 high 5774 potential 12 points?
