Saturday, September 18, 2010

Correlation Trader vs. Signal Trader


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.

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