I have started day trading.
Basically in one basket I tradeceithervtge dow/dax (never atvtgecsanevtine as they seem very correlated)
In another basket I have a few major currency pairs (again I have a rule to only trade one if those at any one time)
So the most number if positions I coukd hold at any one time is 2 I.e. Ones index and one currency pair.
I'm relatively new to this - but I'm beginning to notice that the major currency pairs also seem correlated to the indices
Based on my timeframe (day trading) does anyone have any good currency pairs I coujd put in my currency basket that are not correlated to the dax/dow?
Or am I overestimating the correlation between the major currency pairs and dax/dow?
Please keep in mind I just want something that on a day traders timeframe are not correlated?
Basically in one basket I tradeceithervtge dow/dax (never atvtgecsanevtine as they seem very correlated)
In another basket I have a few major currency pairs (again I have a rule to only trade one if those at any one time)
So the most number if positions I coukd hold at any one time is 2 I.e. Ones index and one currency pair.
I'm relatively new to this - but I'm beginning to notice that the major currency pairs also seem correlated to the indices
Based on my timeframe (day trading) does anyone have any good currency pairs I coujd put in my currency basket that are not correlated to the dax/dow?
Or am I overestimating the correlation between the major currency pairs and dax/dow?
Please keep in mind I just want something that on a day traders timeframe are not correlated?
