When trading correlated markets, how do you guys determine which market to execute a trade idea in? Assuming the same area of S/R or supply/demand appears in both markets, what's the best way to isolate a single market to execute the trade, or is better to split the risk across multiple markets? For example, on Friday, I submitted orders to buy NQ at the level shown below, but this level was missed by ~18 ticks (prior to a 700 tick rally). However, both the YM and ES traded this level and it ended up being a very precise turning point. This has happened to me countless times with other markets (GC vs SI, CL vs B, 6E vs 6S, etc.) and I've missed out on many good opportunities because of it. Any suggestions?
(yes I know these are the Oanda CFDs, the outright futures show the exact same PA/prices at the level)
Trade idea marked before the market has re-tested:
Missed level after the market has made a new high: