What happened yesterday is very rare. I will revise the rules as follows. If at any time between 12:30 and 1:00 PST, the Dow is + or - at least 1% and Exxon is in the same direction any amount, I will take the trade.

Dow Correlation

I did not take the trade at 12:30 because at 12:30 the DOW was not up at least 1%. However, 10 min later, when the DOW was up at least 1% and it was still before 1:00, I did take the trade. E/J and E/U correlate better with the DOW that does U/CAD. ...

Dow Correlation

I wait for SL or TP til next trade

Dow Correlation

Without a long back test, my gut tells me that this system will only last as long as the current high volatility lasts. So let's enjoy this temporary taste of the GRAIL while it's still here.

Dow Correlation

I have been trading the news for about 4 years. There has always been a positive correlation between the DOW and certain currency pairs for as long as I have been a news trader. The correlation is now the strongest that I have ever seen. After ...

Dow Correlation

It will work just as good with GBP/JPY. I don't use G/J because the spread is to high.

Dow Correlation

I am very happy to put pips in your pocket. In the long run, I still think that scaling out is the way to go. Just a Nov. back test showed around 5 times that the TP would have hit 200

Dow Correlation

Last Monday E/U was a winner and E/J lost. Last Wednesday, they both lost.

Dow Correlation

Winner Winner Chicken Dinner - EUR/USD & EUR/JPY both hit the first TP target at 30.

Dow Correlation

Just to make sure every one is on the same page, when you say the Dow is down, you mean it's down at least 1% as of 30 minutes before Monday's closing price. So you'll enter a short position with a 40 pip SL and 30 pip target. Correct, if the DOW is ...

Dow Correlation

It is now 12:25 on Monday. The DOW is down and Exxon is down. I will go short on EUR/USD and EUR/JPY on the open of the 12:30 candle.

Dow Correlation

This makes a lot of sense. Just to clarify I am in eastern time zone, so i wait untill 3:30 pm est Friday only before placing the trades based on the S&P and Exxon . Then wait untill Monday for results. Correct, you would trade at 3:30 EST - Please ...

Dow Correlation

The correlation between the DOW and the S&P500 is almost 100%. Use which ever one makes you happy.

Dow Correlation

At the open of the 12:30 bar, 1/2 hour before the stock market closes, I place a market order in the direction of the DOW. The DOW must be + or - at least 1 % and Exxon must be in the same direction as the DOW. If the DOW is up and Exxon is down, no ...

Dow Correlation

Your Nov. #'s are with what SL & TP?

Dow Correlation

Thx for the back testing results.

Dow Correlation

For the lowest spreads, I use ODL for Asia session, and Oanda for London and NY session.

Nomoretoxic's breakout

I agree, the box size does not matter.

Nomoretoxic's breakout