barjon
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Ive noticed something that im sure a lot of scalpers will have to.
1-Sometimes when the DOW is pretty strong the ftse is reluctant to move much.This shows weakness and you are really looking for the DOW to reverse in due course to bring futher downside to the ftse.Ive seen this line up a few times recently.So i suppose its worth shorting the ftse into the close.if the DOW gets stronger its wise to just close out your trade on that occasion.Its only a short term opportunity really but its a low risk trade.
Happens all the time. When ftse trades strong relative to dow it'll be followed by a period of trading weak relative to Dow. The safest bet is to go short ftse and long dow after the initial strong period (it'a judgement call as to when the extreme of such a period is reached) and vice versa when the initial period was weak.
The "money machine" thread details it a bit more thoroughly.