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FDAX short term and the FGBL


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FDAX short term and the FGBL

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  #1 (permalink)
Willbur
Cologne Germany
 
 
Posts: 14 since Nov 2019
Thanks: 2 given, 10 received

I trade FDAX short term (1 - 100 min) and I have often heard that it would be important to observe the FGBL.
So I've been watching the FGBL for a few weeks now.

I have tried to use it as a filter for my set-up, Not good.

I've tried to take him into account in position management: Hold or take? Even worse!

I don't understand what this guy trys to tell me?

Question: Do you use the FGBL in FDAX short term trading? If so, for what?

Willbur

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  #3 (permalink)
 tr8er 
Europe
 
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This is just a classic/logical/standard interpretation, if equities (FDAX, ES...) move up, financials (FGBL, ZB...) should move down and vice versa. This is called correlation. This happens very often, but not all the time.

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 brakkar 
Paris + France
 
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I also find these correlation / inverse correlation adding a lot of noise on very short term trading.
If the other instrument is in a period when it is leading, fine, but if it's lagging, you'll miss trades waiting for confirmation.

I end up watching the order flow of my instrument: if money is pulled / added it will show in order flow.

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Last Updated on November 26, 2019


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