CL Redux

Quote from EON Kid:

It was never meant to be easy, but do keep telling yourself that. I’m sure its just what your subconscious needs.
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What I find so hard to take is that CL moves in synch with ES and other stock indices. Can I ever get away from ES for once?
 
Quote from schizo:

What I find so hard to take is that CL moves in synch with ES and other stock indices. Can I ever get away from ES for once?
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Just play the direction of the trend. Im assuming that you are short bias? I burned a stupid amount of money in the past 2weeks trying to play the short side. So im playing the long side now. I don't agree that its going up but riding with it is better than swimming upstream.
 
Quote from schizo:

What I find so hard to take is that CL moves in synch with ES and other stock indices. Can I ever get away from ES for once?
More...

I believe that's an optical illusion. The brain looking for patterns if you wish. Print a week of charts for both and put them side by side, after that you'll never think correlation again. Fwiw.

For example: Look at this afternoon ES breakout vs. CL flat.

Maybe some periods correlate more, but all in all probably a 50-50 thing.
 
Quote from schizo:

What I find so hard to take is that CL moves in synch with ES and other stock indices. Can I ever get away from ES for once?
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So I always do some basic TA on the ES for example, to see if anything lines up. A rising tide lifts all boats :D


For me its about accumulation of small edge's :eek:
 
Quote from F112358:

For example: Look at this afternoon ES breakout vs. CL flat.
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That's because CL pit was already closed when ES broke out. But consider the two instruments up til the time CL closed at 2:30 EST. I'll post a chart in a moment.
 
Quote from schizo:

That's because CL pit was already closed when ES broke out. But consider the two instruments up til the time CL closed at 2:30 EST. I'll post a chart in a moment.
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Right now CL is dumping while ES is near the highs...

You'll see what you'll want to see, but really unbiased is probably 50-50 all in all or very near, maybe 0.6 correlation coefficient. I'm sure some reader statistician can calculate it for a year or so of data. Academic discussion I think.
 
Quote from schizo:

That's because CL pit was already closed when ES broke out. But consider the two instruments up til the time CL closed at 2:30 EST. I'll post a chart in a moment.
More...
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