Anyone scalping the FTSE Futures??

[barjon]

mornin' all

ftse opened +27 strong vs dow and is now +32 - that'll do for me

 

[jungerns]

Shorted CAC FTSE and Dax...........

 

[Dick Lexic]

got a bit of a volume line at 28/30

 

[Dick Lexic]

ihs on 10 min

 

[SuddenDeath]

9.30am we get UK manufacturing pmi

 

[bustech]

5675 is like buying the Dow at minus 115pts

nice buy, hope the Dow goes up tomorrow, normal holiday effect

Closed @5701🙁

Dow was down 60 at the time, thinking I missed the barjon trade.

 

[SuddenDeath]

morning Barjon

 

[Dick Lexic]

got a bit of a volume line at 28/30

poss support here now

 

[Dick Lexic]

ihs target 750

 

[jungerns]

Bad call indeed.......

Stopped out on all 3...

 

[Dick Lexic]

next target 5780 ...s&p hitting 1410 ...might be bit of a barrier

 

[barjon]

mornin' all

ftse opened +27 strong vs dow and is now +32 - that'll do for me

🙁 +49 now

 

[bustech]

🙁 +49 now

Morning Barjon

Went with ASX short /FTSE long over the weekend, worked out okay.
Needed to adjust the ratio instead of using 1 to 1 on this trade.
DOW short/FTSE long would have been the better option using the 1 to 2.25 ratio.
Only 2nd time I have done a trade like that.
How do work out the best time to close the trades?

 

[barjon]

Morning Barjon

Went with ASX short /FTSE long over the weekend, worked out okay.
Needed to adjust the ratio instead of using 1 to 1 on this trade.
DOW short/FTSE long would have been the better option using the 1 to 2.25 ratio.
Only 2nd time I have done a trade like that.
How do work out the best time to close the trades?

Either take a targeted amount (I had 35 in mind which was half the extreme) or if it's a strong move hold until the difference goes against you by 5 (say)

 

[barjon]

Either take a targeted amount (I had 35 in mind which was half the extreme) or if it's a strong move hold until the difference goes against you by 5 (say)

in the ftse/dow case the latter would have taken you out about now. Given that the rise seems to have stalled the plan would be to exit the ftse long first and hold on to the short dow as a directional trade UNLESS it promptly goes against you by a point or so. If you've done well on the pair trade you can give the remaining position a bit more chance if you want.

 

[bustech]

in the ftse/dow case the latter would have taken you out about now. Given that the rise seems to have stalled the plan would be to exit the ftse long first and hold on to the short dow as a directional trade UNLESS it promptly goes against you by a point or so. If you've done well on the pair trade you can give the remaining position a bit more chance if you want.

Thanks.
Very powerful trading technique.

 

[Dick Lexic]

s&p might not move far from friday close at 1407....typical holiday price action

 

[Dick Lexic]

s&p/dax are heavily correlated ...according to some it's 90% ish

 

[SuddenDeath]

Dax pviots

buy 6953
sell 6946

anyone went long the dax buy pivot did well, high of 7015

 

[SuddenDeath]

RIO/BLT both +2% weak dollar?