hereward the wake
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Just a little joke
Best place for them ;-)
Lived 23 years in England and 21 years now in Australia.
Allows me to cheer the winner in the cricket.
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) ;-)
FTSE +42 = Dow +116
Current dow spread bet level is 100pts below level implied by FTSE +42
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.
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.
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.
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?