Been watching the record of the day.
Nice trend lower !
NQ had ~30 points reaction and ~50 points natural downtrend.
I like plain and simple ABC pattern. That's my setup ...
Trading directional volatility ?
But sometimes .. market make new highs after new lows.
Tough to tell the trend in this case ... That's how I blew up. I believe.
Should remember the right side of the V - waiting for the market to turn.
Watching ES as well for correlation, not evident.
Do you guys find it's useful to watch ZN as well for correlation ?
CL was up today ... EUR/USD I don't know.
Not sure if I should bother about correlation.
@maxinger Thought on correlations with NQ ?
Waiting for 80/90% discount.
Currently 50% discount it's not enough.
Nice trend lower !
NQ had ~30 points reaction and ~50 points natural downtrend.
I like plain and simple ABC pattern. That's my setup ...
Trading directional volatility ?
But sometimes .. market make new highs after new lows.
Tough to tell the trend in this case ... That's how I blew up. I believe.
Should remember the right side of the V - waiting for the market to turn.
Watching ES as well for correlation, not evident.
Do you guys find it's useful to watch ZN as well for correlation ?
CL was up today ... EUR/USD I don't know.
Not sure if I should bother about correlation.
@maxinger Thought on correlations with NQ ?
Waiting for 80/90% discount.
Currently 50% discount it's not enough.
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