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  • #1,113,481
  • May 30, 2017 10:05am May 30, 2017 10:05am
Quoting sakisf
{quote} That chart was oil vs euro. No 1:1 correlation, not even 50%.

Look then at USD oil and see june 2014 USD 112 euro/USD 1.4 1.1. 2017 oil 48 Euro/USD 1.03
  • #1,113,482
  • May 30, 2017 10:08am May 30, 2017 10:08am
I believe BP has toped at 1.28 89 Hope I am not wrong ...

SL in DOW 21.009 and in S+P 2.408
  • #1,113,483
  • May 30, 2017 10:11am May 30, 2017 10:11am
This market is like and old man... Can't remember the last time had a good movement.
Founder of Sutherland Wave Principle
  • #1,113,484
  • May 30, 2017 10:11am May 30, 2017 10:11am
Quoting Marianne
{quote} Look then at USD oil and see
When Oil is down, USD is ALREADY up. And if you see the change in % in this correlation participants, you see they are different. Sometimes oil is down 10, but USD is up 5-8%. Why to trade proxies/correlations, if you can trade OIL/USD directly?
When you're not sure Short or Long - toss a coin! Chances are 50% !!!
  • #1,113,485
  • May 30, 2017 10:16am May 30, 2017 10:16am
Quoting F.g
I believe BP has toped at 1.28 89 Hope I am not wrong ... SL in DOW 21.009 and in S+P 2.408
Waiting for spike to 2910 to start entering... It's gbp after all, not gonna make your life easy.
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  • #1,113,486
  • May 30, 2017 10:17am May 30, 2017 10:17am
I gotta say the move to the upside is limited. better stay on the sideline
This is not investment/trading advise. Will not hold accountable for loss
  • #1,113,487
  • May 30, 2017 10:17am May 30, 2017 10:17am
Quoting suthmo
This market is like and old man... Can't remember the last time had a good movement.
Have you mentioned my post as of 23 May, 2017? Here is the quote:
Quote
Listen 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.
When you're not sure Short or Long - toss a coin! Chances are 50% !!!
  • #1,113,488
  • May 30, 2017 10:20am May 30, 2017 10:20am
http://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%
  • #1,113,489
  • May 30, 2017 10:22am May 30, 2017 10:22am
Quoting yousername
I gotta say the move to the upside is limited. better stay on the sideline
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This is not investment/trading advise. Will not hold accountable for loss
  • #1,113,490
  • May 30, 2017 10:26am May 30, 2017 10:26am
Quoting yousername
{quote} {image}
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.
When you're not sure Short or Long - toss a coin! Chances are 50% !!!
  • #1,113,491
  • May 30, 2017 10:28am May 30, 2017 10:28am
  •  dot0
  • | Joined Sep 2012 | Status: I pity the fool that fails to laugh | 368 Posts
fine, you're both right. lower you're malarkey
c'mon baby, daddy needs brand new clogs...
  • #1,113,492
  • May 30, 2017 10:29am May 30, 2017 10:29am
Quoting Montrealer
{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.
yes according to you is BS. I respect that.
Trade what you believe, that's all i can say.
I'm just gonna keep rolling printing money.
This is not investment/trading advise. Will not hold accountable for loss
  • #1,113,493
  • May 30, 2017 10:30am May 30, 2017 10:30am
Quoting NotAtrader
{quote} Hedge and nobody can shake you off the tree. Cheers

i only hedge when im over leveraged because its very stressing

in my current situation i can wait ad infinitum because im receiving swap
  • #1,113,494
  • May 30, 2017 10:32am May 30, 2017 10:32am
Quoting sakisf
{quote} Waiting for spike to 2910 to start entering... It's gbp after all, not gonna make your life easy. {image}
No objection mate, but I have taken some positions already to be on the safe side ...

  • #1,113,495
  • May 30, 2017 10:33am May 30, 2017 10:33am
Quoting Marianne
http://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%
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.
When you're not sure Short or Long - toss a coin! Chances are 50% !!!
  • #1,113,496
  • Edited 10:56am May 30, 2017 10:35am | Edited 10:56am
Quoting yousername
{quote} yes it's wrong when applying it wrong and that leads to big a loss.
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. The 5:3 ratio relationships IS NOT the number series that contains every part of the cycle, that is the 7x7 fractal hologram.

I'm failing to see how the 5:3 relationship even applies at this point. Because it bear no relevance to the pure system that is always seven.
Totally proven to be interpretation error. Because he didn't see that three waves fold up into one to make seven look like five...
5:3 Idealized concept misses everything important and all the amazing properties of the pure waves are overlooked, it's a travesty..
Founder of Sutherland Wave Principle
  • #1,113,497
  • Edited 11:08am May 30, 2017 10:37am | Edited 11:08am
Quoting Montrealer
{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.

I have never said anything abouth daytrade and correlation have I? I am talking abouth the correlation between the oil and USD. I am expecting a big rise in the euro as I also expect a much higher oil price something like 70. Although this I expect a decline in the euro in the short time. I take only small short trades in the euro though since I am bullish to the euro and also to the oil. At the moment I am trading only the oil buying at low selling at high
  • #1,113,498
  • May 30, 2017 10:38am May 30, 2017 10:38am
The party will be soon ended for Bulls, they shouldn't be so much excited
  • #1,113,499
  • May 30, 2017 10:40am May 30, 2017 10:40am
Quoting suthmo
{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.
Yes to certain extend I agree.
But that 6th & 7th waves are extension or the bull/bear are over confident/excited.

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This is not investment/trading advise. Will not hold accountable for loss
  • #1,113,500
  • May 30, 2017 10:45am May 30, 2017 10:45am
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
Quoting jmmn
{quote} It seems that SOUTH starts to be the right direction...
I am short since post 1112668, but it is true that something very curious is happening. Euro zone and German data today was bad. USA data today was good. But euro does not fall as it should... Someone wants the euro up and, even though it is little by little coming down, it does not do it with enough strength...

Any thoughts? I am very surprised!
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