Anyone have any ideas why AUD JPY would be the recent best
correlator with SPY?
It just broke out and backtested, even though I closed longs
around 1097 on the ES, looks like I should have stayed in
longer, but oh well....banked some profit without getting greedy.
BUT we are still near major resistance on the US indices, we
could tank from here, a few people pointed out that we are wedging
right into resistance.
People seem to consider this fx pair the best to play markets
participants risk appetite. Strong JPY reflects reduction of
risk while strong AUD the inverse. The pair as a result often
perceived as the purest pair to play the eb and flow in the
markets. :-).
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Anyone have any ideas why
Posted by steveo on 14th of Sep 2010 at 01:12 pm
Anyone have any ideas why AUD JPY would be the recent best correlator with SPY?
It just broke out and backtested, even though I closed longs around 1097 on the ES, looks like I should have stayed in longer, but oh well....banked some profit without getting greedy.
BUT we are still near major resistance on the US indices, we could tank from here, a few people pointed out that we are wedging right into resistance.
http://oahutrading.blogspot.com/2010/09/aud-jpy-recently-best-correlator.html
SPY vs AUDJPY
Posted by bgold on 14th of Sep 2010 at 02:00 pm
People seem to consider this fx pair the best to play markets participants risk appetite. Strong JPY reflects reduction of risk while strong AUD the inverse. The pair as a result often perceived as the purest pair to play the eb and flow in the markets. :-).