psaTrading
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The appreciation of the European common currency was one of the under-performance factors of European equities against the US, as well as the poor performance of more cyclical sectors. To this contrast of factors added the fact that the main European indices are facing significant resistance zones (DAX 10400; CAC 4600/4633), with various technical indicators at extreme levels. The current situation of European indices deserves to be followed with caution.
joseph1986
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sold at 414
piphoe
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sold what the footse? don't follow it, i should but i don't. have enough on my plate now😕
joseph1986
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no i closed the position from morning.....patience
piphoe
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btw, i'm curious how is FTSE correlated with US indices,,if at all?
if you don't know or care to answer that's fine.
i've been narrowed focused on a few contracts for so long...so much i don't know
barjon
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Have a look at this http://www.trade2win.com/boards/indices/154280-barjons-money-machine.html
The relationship still holds good (and I still trade it) although the true ratio between ftse and dow is now 1 to 2.8. Ftse has traded very weak vs dow over recent weeks (Brexit worries?) but strengthened kately and volatility between them is still there to be exploited.
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