Disliked{quote} That chart was oil vs euro. No 1:1 correlation, not even 50%.Ignored
Look then at USD oil and see june 2014 USD 112 euro/USD 1.4 1.1. 2017 oil 48 Euro/USD 1.03
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Disliked{quote} That chart was oil vs euro. No 1:1 correlation, not even 50%.Ignored
DislikedI believe BP has toped at 1.28 89 Hope I am not wrong ... SL in DOW 21.009 and in S+P 2.408Ignored
DislikedThis market is like and old man... Can't remember the last time had a good movement.Ignored
QuoteDislikedListen me carefully guys. Euro stacked between 1.05 - 1.15 FOR YEARS. Why do you think many CB's implemented NEGATIVE rates and pay investors huge money to borrow from them? Answer is simple: to hold the PAIR in the tight range, not to move.
DislikedI gotta say the move to the upside is limited. better stay on the sidelineIgnored
Disliked{quote} All those articles are NOISE, the purpose of which to mislead readers/traders and make you lose money. My own experience shows me that trading correlations/ratios/charts are totally BS.Ignored
Disliked{quote} Waiting for spike to 2910 to start entering... It's gbp after all, not gonna make your life easy. {image}Ignored
Dislikedhttp://www.businessinsider.com/us-do...r=US&IR=T&IR=T From the article: Historically, there's been a pretty consistent correlation between oil prices and the US dollar. When the dollar strengthened, oil prices would fall and vice versa From 2014-2017 Euro Down 30% oil Down 50%Ignored
Disliked{quote} yes it's wrong when applying it wrong and that leads to big a loss.Ignored
Disliked{quote} 30% vs 50% is only 60% of overall correlation. If you will look some smaller timeframes, the correlation is fluctuating from negative to positive. And it is BS. Not reliable tool, especially for you, Day trader.Ignored
Disliked{quote} Literally It's wrong absolutely 100% wrong as every single wave beaks down to seven. He even states "It's an Idealized concept that later may be corrected". He was right.. I know how it happened to because in the beginning I saw it as 5 and 3s My earliest wave groupings came to the same conclusions. But we evolved passed the 5:3 relationship into seventh heaven.Ignored