FTSE Daytrade Margin: 675 british pounds ($1,350 USD approx)
1 pt move=10 british pounds ($20 USD approx.)
DAX Daytrade Margin: 2,000 Euros ($3,150 USD approx)
1 pt move=25 Euros ($40 USD approx)
I trade from the USA (Chicago Time) but I am into...
EXPLOITING overnight DAX/FTSE & DOW/SP DIVERGENCES...does anyone trade off of the divergences you might find created by the DAX/FTSE when the US markets (Dow, SP) opens?...example...DAX/FTSE soaring and trading higher all day...US markets open and they are weak...and heading lower...therefore the DAX/FTSE seek to "adjust" and sell off to 'end the divergence' and get closer to where US markets are(weaker in the example)...seems as if great set-ups can be found for trading the DAX and FTSE using this strategy...anyone with insight on this...??other strategies using DAX/FTSE and DOW/SP divergences...?