anyone daytrade CME Globex Swiss Franc Futures?

Quote from swingtrader123:

The two currencies are highly correlated (90%+). Since I don't trade spread, I focus on the EUR instead of the CHF (EUR has better volume). Check this link to see how these pairs track intraday, daily and weekly: http://www.mataf.net/en/tools/correlation
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ya'll are missing something...the Euro future and Swiss Franc futures track almost identical...+correlation...

the EUR/USD vs USD/CHF forex cross rates, track opposite on a -correlation...
 
Learn to trade Increasenow then you can offer advice, beside you were a gold Guru last week, and now all of a sudden a CHF guru?
 
Quote from increasenow:

ya'll are missing something...the Euro future and Swiss Franc futures track almost identical...+correlation...

the EUR/USD vs USD/CHF forex cross rates, track opposite on a -correlation...
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+1
 
Quote from increasenow:

ya'll are missing something...the Euro future and Swiss Franc futures track almost identical...+correlation...

the EUR/USD vs USD/CHF forex cross rates, track opposite on a -correlation...
More...
The futures are based on EURUSD and CHFUSD fwds. To say that they "track almost identical" is obviously equivalent to stating that EURCHF never moves, which would be a very silly thing to say, indeed.
Quote from nazzdack:

1) ?....fwd?......forwards? That's "Wilmott stuff".
2) The two currency futures have high correlation. I don't trade them nor care about them beyond that instrument. :cool:
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1) So what do you think the futures contracts you're trading are? Hint: they ain't EURUSD and CHFUSD spot, that's fer sure...
2) Well, if you don't trade them, don't you think you might want to refrain from making sweeping statements about how correlated they are? Generally, how do you define "high correlation"? Over what time period have you been observing "high correlation"?
 
Quote from increasenow:

take the Swiss Franc Future and overlay the USD/CHF forex pair over it...you will see they go in opposite directions...try it...
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Nooooo? You don't say? Really? I hope you didn't put too much of a strain on your analytical skills while you were figuring this one out...

One is CHFUSD fwd, while the other is USDCHF spot, so it's sorta beyond obvious that "they go in opposite directions".
 
Quote from Martinghoul:

Nooooo? You don't say? Really? I hope you didn't put too much of a strain on your analytical skills while you were figuring this one out...

One is CHFUSD fwd, while the other is USDCHF spot, so it's sorta beyond obvious that "they go in opposite directions".
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was just trying to help you understand...thanks
 
Quote from increasenow:

was just trying to help you understand...thanks
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I appreciate the effort, but, just out of curiosity, whatever made you think I don't understand?
 
Quote from Martinghoul:
1) So what do you think the futures contracts you're trading are? Hint: they ain't EURUSD and CHFUSD spot, that's fer sure...
2) Well, if you don't trade them, don't you think you might want to refrain from making sweeping statements about how correlated they are? Generally, how do you define "high correlation"? Over what time period have you been observing "high correlation"?
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1) True, agreed.
2) I trade the futures, not the cash, spot, forwards, swaps nor any other derivative. The correlation I "see" occurs on an intra-day, daily, weekly and monthly basis.
 
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