Starting it off.
Al
MA
MarcinO
Rep: 67
Posts: 5,506
Thanks, Al.
Guys, you are doing a lot of research on various makets here, so maybe you can recommend me something? What I am focusing on right now is Nasdaq, which provides the best intraday volatility along with decent harmonicity. The problem is, that whichever market I try to pick up, both to diversify and have more to do during European session, is so correlated to NQ, that trading is basically the same as adding to my Nasdaq position. No matter what - DAX (German Bourse index), Cable, Euro. So I am looking for liquid instruments, suitable for daytrading but cannot find any.
Any ideas?
Guys, you are doing a lot of research on various makets here, so maybe you can recommend me something? What I am focusing on right now is Nasdaq, which provides the best intraday volatility along with decent harmonicity. The problem is, that whichever market I try to pick up, both to diversify and have more to do during European session, is so correlated to NQ, that trading is basically the same as adding to my Nasdaq position. No matter what - DAX (German Bourse index), Cable, Euro. So I am looking for liquid instruments, suitable for daytrading but cannot find any.
Any ideas?
MA
MarcinO
Rep: 67
Posts: 5,506
It's weird. NQ made a DB on M5, and S&P looks like ready to go only now. Are they that evil?
Originally posted by MarcinO
Looks like move in indices is being delayed, but not negated yet.
I wouldn't be surprised to see it accelarating to the upside during early Asian session, after Powell's speech.
RA
rat89
Rep: 0
Posts: 7,015
of course
Originally posted by MarcinO
It's weird. NQ made a DB on M5, and S&P looks like ready to go only now. Are they that evil?
Originally posted by MarcinO
Looks like move in indices is being delayed, but not negated yet.
I wouldn't be surprised to see it accelarating to the upside during early Asian session, after Powell's speech.
MA
MarcinO
Rep: 67
Posts: 5,506
Originally posted by rat89
of course
Originally posted by MarcinO
It's weird. NQ made a DB on M5, and S&P looks like ready to go only now. Are they that evil?
Originally posted by MarcinO
Looks like move in indices is being delayed, but not negated yet.
I wouldn't be surprised to see it accelarating to the upside during early Asian session, after Powell's speech.
AL
albert
Rep: 99
Posts: 3,094
Marcin,
I looked at "StockCharts" correlation tool and found that UUP is correlated to $COMPQ by a Correlation of -0.03 over 20 days, and 0.59 over 50 days, and 0.85 YTD. It depends on the timeframe, appartently.
Al
I looked at "StockCharts" correlation tool and found that UUP is correlated to $COMPQ by a Correlation of -0.03 over 20 days, and 0.59 over 50 days, and 0.85 YTD. It depends on the timeframe, appartently.
Al
MA
MarcinO
Rep: 67
Posts: 5,506
Al,
Thanks for checking that. You are absolutely right it will change over time. And if you look at daily correlation, you may underestimate intraday moves correlation, say on M5 or M15 time frame.
Thanks for checking that. You are absolutely right it will change over time. And if you look at daily correlation, you may underestimate intraday moves correlation, say on M5 or M15 time frame.
RA
rat89
Rep: 0
Posts: 7,015
Taking a good hard look at gld daily so see where the current move down might stop. Two things jump out at me: 1) the larger moves up on this chart, marked with thin vertical blue lines, have all started, with cci 120 in a lower area, at the very least around 100, and 2) the purple median line of the modified schiff set anchored at the .50 of the 2018 move down hasn't been hit. There is nothing that says it has to be, but given that price has come this far, and that the ccis don't seem ready to support a turn, it would be interesting to see whether they might come into play together.
Click image for original size
