Crude Oil Correlation vs AUD/JPY & AUD/USD
Crude Oil Signals
Correlations only work until they don't. Friday, we saw Crude Oil get crushed. I made the mistake of basing my trades off the correlation of AUD/USD, AUD/JPY vs Crude Oil. This trade idea may work on a longer term basis(several Days), but I am a Day Trader, and I need to stick to what works for me, and right now, trading signals on a minute to minute basis and using stops has been working fabulously.
Saturday, September 18, 2010
Correlation Trader vs. Signal Trader
9/18/2010 04:58:00 PM
Posted by
HPT
Labels: AUD/JPY, AUD/USD, Correlation, crude oil, trade strategy
Labels: AUD/JPY, AUD/USD, Correlation, crude oil, trade strategy
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