May 31, 2013
- in Uncategorized by schooloftrade
Dollar-Index-correlation strategy
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| Dollar Index Correlation Strategy |
We can see
BIG clues from the Dollar-Index this morning. We see a potential price-wedge which was
triggered when we saw the price-action move lower into the support zone at
83.162. Based on this 83.162 we can only
assume with the end-of-month today we will be trading inside a price-wedge on
the Dollar-Index.
BIG clues from the Dollar-Index this morning. We see a potential price-wedge which was
triggered when we saw the price-action move lower into the support zone at
83.162. Based on this 83.162 we can only
assume with the end-of-month today we will be trading inside a price-wedge on
the Dollar-Index.
What does this mean
for us as professional traders?
for us as professional traders?
We need
to use negative Dollar-Index-correlation to anticipate high-percentage-trades this
morning. When the Dollar-Index is rising
off the lows, we are SELLING markets such as the Euro and Gold. Remember, Crude Oil has a mind of its own,
and often breaks the Dollar-Index-correlation because of this. Buy when the Dollar-Index is falling off resistance
and sell when the Dollar-Index is rising off support.
to use negative Dollar-Index-correlation to anticipate high-percentage-trades this
morning. When the Dollar-Index is rising
off the lows, we are SELLING markets such as the Euro and Gold. Remember, Crude Oil has a mind of its own,
and often breaks the Dollar-Index-correlation because of this. Buy when the Dollar-Index is falling off resistance
and sell when the Dollar-Index is rising off support.
