Courses › BLT | Bank Level Trading
Using Correlations for Entries & Trade Management II
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What this lesson covers
This lesson follows up the correlation material with a live example, comparing the dollar index with the euro against the dollar on the same day and at the same time, right down to matching the one minute charts. Aligning the two precisely is the point, because a correlation read on charts that are not synchronised will show relationships that are not there. The lesson works through what each chart is showing at the same moment and what the comparison tells you about the move developing. Seeing the technique applied to a specific morning rather than described in general is what makes it something you can repeat on your own markets tomorrow.