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Corrolation DAX and SP Emini


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Corrolation DAX and SP Emini

  #1 (permalink)
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Corrolation DAX and SP Emini

Strong intraday corrolation between DAX and SP Emini. How to setup and trade?
Are the chart getting me fooled? autoscale? Fixed? Should I look intraday, 2 days? weekly

Am I completly wrong? I need closure on this

http://i.imgur.com/p5XcQKE.jpg


Last edited by dph1; March 16th, 2016 at 11:21 AM. Reason: Adding image
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  #3 (permalink)
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Quite normal for all major indices and basically all time frames.

fyi a longer-term pic of the rolling correlations up to yesterday - measured by ETFs in this case to avoid e.g.
rollover data dicontinuities; just to give an impression of the time (in)stability of this correlation.


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  #4 (permalink)
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dph1 View Post
Strong intraday corrolation between DAX and SP Emini.


All the major generalised indices are to some extent correlated.



dph1 View Post
How to setup and trade?


I don't think the reality of those correlations are in themselves indicative of "set-ups" at all?

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  #5 (permalink)
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It can be used as a ticker during night session.

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  #6 (permalink)
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Yes but what is interesting, and useful, is that the dax will often react/turn at the same time as S & P when S & P hits a clear SD/SR level, even if there is no apparent level on Dax

It seems from brief observation that correlation of turns/pivots is higher than strength of moves, especially during europe pm, NY am

So imo, it pays to analyse S & P/ES for levels as well as Dax as part of pre trade routine for trading Dax in europe morning

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  #7 (permalink)
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NKE12 View Post
Yes but what is interesting, and useful, is that the dax will often react/turn at the same time as S & P when S & P hits a clear SD/SR level, even if there is no apparent level on Dax

It seems from brief observation that correlation of turns/pivots is higher than strength of moves, especially during europe pm, NY am

So imo, it pays to analyse S & P/ES for levels as well as Dax as part of pre trade routine for trading Dax in europe morning

Hi !

Did you see that many times. I mean do you think, S&P could be a good signal to anticipate DAX movements ?

Cheers,
P.

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  #8 (permalink)
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Hi

I suggest you pull up 5 min charts of the two instruments, side by side and watch them for a few weeks - and then form your own conclusions - and whether it helps you or not

it helps me

regards


Pharmakon View Post
Hi !

Did you see that many times. I mean do you think, S&P could be a good signal to anticipate DAX movements ?

Cheers,
P.


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