Anyone scalping the FTSE Futures??

It's still going, hope some of you guys are still in that... nice move on a Monday :)

Damn it!

I knew I shoulda gone shopping :D :D :D
 
hereward the wake said:
Still thinking about this dow ratio...... ftse now 5649 x 2.25 = 12710 currently quoted at sell 12750 buy 12755 so the ftse is weak?
Click to expand...


HW

I just use a straight 2:1 - it doesn't matter if you're precise since you are looking for a change in the ratio.

The thumbnail chart is the cumulative position of FTSE compared to DOW this year building up day by day. You'll see that FTSE started off a bit above where it would have been had it followed the DOW (ie: traded strongish) but then became weaker and weaker until, at one stage it was some 350 below where it would have been had it matched DOW (ie: it traded very weak overall). Since then it has got back to only 120 below where it should have been so has traded strong overall to get there.

This is a cumulative chart though (and it's not entirely pure because there's a lot of days bunched together in single bars when I've been away) and you'll see within it the day to day fluctuations weak and strong - it's those day to day (or hour to hour) fluctuations that you play with a pair trade.
 

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Dick Lexic said:
sd thats a good find...think you should post this on a new thread so others on the boards can view ....lots of people suspect this sort of thing is going on but some keep saying it's not possible.

you could also stick it on here and creat a riot ha ha

http://www.trade2win.com/boards/spread-betting/16595-capital-spreads.html
Click to expand...

at the beginning Merlin rothfeld (man on the left) calls spread betting a ponzi scheme. and dislikes the fact that they do not allow you to place buy and stops where u like. these guys are associated with the online trading academy.

the lesson is place stops where they cannot be spiked out. or go direct access, trade real futures.
 
SD, I am not going into another of those SB vs. DA arguments at my time of life because everyone should know what he wants to do with his money and the subject has been done to death over the years and all over this site but, as an example, this very morning, I was trading Euro/GBP and saw the price go down to less than a point away from my stop, when it turned and the trade went into profit,

If, as that guy on the video says, someone clears out all the stops, why wasn't I closed out this morning?
 
Splitlink said:
SD, I am not going into another of those SB vs. DA arguments at my time of life because everyone should know what he wants to do with his money and the subject has been done to death over the years and all over this site but, as an example, this very morning, I was trading Euro/GBP and saw the price go down to less than a point away from my stop, when it turned and the trade went into profit,

If, as that guy on the video says, someone clears out all the stops, why wasn't I closed out this morning?
Click to expand...

Done 2 years on DMA and the last 5 years on SB.
At the end of the day you can make and loose money on both.
 
Morning All
BHP -1.10%
RIO -1.20%
30 to go
China imports missed forecast and drop in new export orders(Eurozone is my guess)
Imports 6.3% in June Y/Y vs 12.7% in May Y/Y
Exports 11.3% in June Y/Y vs 15.3% in May Y/Y
Trade Balance $31.73B in June vs $18.70B in May
Aussie dollar and Dow Futures under pressure since the China release.
Not a great lead for the FTSE bulls, 5580 to 5610 strong support area.
 
barjon said:
HW

I just use a straight 2:1 - it doesn't matter if you're precise since you are looking for a change in the ratio.

The thumbnail chart is the cumulative position of FTSE compared to DOW this year building up day by day. You'll see that FTSE started off a bit above where it would have been had it followed the DOW (ie: traded strongish) but then became weaker and weaker until, at one stage it was some 350 below where it would have been had it matched DOW (ie: it traded very weak overall). Since then it has got back to only 120 below where it should have been so has traded strong overall to get there.

This is a cumulative chart though (and it's not entirely pure because there's a lot of days bunched together in single bars when I've been away) and you'll see within it the day to day fluctuations weak and strong - it's those day to day (or hour to hour) fluctuations that you play with a pair trade.
Click to expand...
Thank you for that ... very useful
 
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