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Then I tried lining it up under a /CL chart for the past 20 years. Interesting outlay where it's noticed that /NQ and /6E started around the same year; /NQ late 2003, /6E, Euro at beginning of 2004. (Leading up to 2nd term of the "Bush" years & post 911) And correlation % of /CL with the /ES and /NQ significantly dropped off big time just this past summer after being steady at a high correlation % the past few ("Obama") years. Hmm, the "globalists" at work?
And another chart of /ES in correlation comparison with the other futures. Recent significant rise in positive correlation with gold, /GC after being negative within this year. Happened also in the 2007 election year. And in reverse in the 2000 election year.
Can you help answer these questions from other members on NexusFi?
I'm not sure if this will be helpful but I'll share it anyway.
I watch the YM, ES, TF and NQ at the same time. I trade the relative strength leader or laggard obviously depending on the direction of the trade. I'm primarily a swing trader.
I use IBD definition of whether the market is in a bull trend or not. When in a bull trend I buy the relative strength leader on pullbacks to intraday support areas.
I generally go long using options that have at least 2 months to expiration
Regarding to the original post from the TS i want to mention that i've started with correlation analysis at my focused instruments too, to get an insight which one to choose to don't multiply the risk when trading them. But then i've learned that isn't reliable to my kind of trading, because correlation can vary and we can't make any predictions. For me it was much more informational to look at the correlation of drawdowns, because that is, in the end, whats important and the complete strategy is already considered.
You do not need to ender discussion with other why you need, what is their opinion on corelation, you must do homework or not on and on...
write google "futures markets correlation" enter first web site thats all here it is last 180 days trading corelations for all futures
