Lately they easy pips have been coming from odd times, such as after London close (NY Afternoon), and late Asian into Pre-London entries. London itself has become a bit of a street fight for the most part with some exceptions. Today was no different. In this video I show one of the setup’s we covered in today’s London session, attempting to continue the upside move on the EUR/USD that Asia started. All this week we have been in mostly a consolidation phase 110 pip or so range that is easily identified. While many of us were long from the bottom of the range around 1.4780, the plan in this video focuses on the London entry after breaking the mid-point resistance. The entry was planned using primarily Fibonacci retracement levels combined with role reversal, and overlapped moving averages. While the trade only made it to around +35-38 pips, it was still a successful trade that ultimately found sellers waiting for it at the top of the range as expected. Whether you scalped these pips, or stayed in with a break even stop hoping for the resistance to break and head to 1.50 was a personal choice.

FXBootcamp London Currency Coach-
Christian Stephens

The Japanese yen was firmer during today’s London session, then faded during the New York morning. The EUR/JPY currency pair rose nearly 100 pips from the opening bell on the New York Stock Exchange to the London close.

Curt Wehrley
FX Bootcamp’s Quantitative Analyst

Inter-market Correlation Matrix

(click on the above chart to view a larger version)

Chart Key:

S&P 500 = June 2011 S&P 500 Index e-mini contract
10yr T-note = June 2011 10-year U.S. T-note contract
Gold = June 2011 Comex Gold contract
Oil = June 2011 Light Sweet Crude Oil contract

- strong positive correlation
- moderate positive correlation
- negligible correlation
- moderate negative correlation
- strong negative correlation

The correlation matrix shown above is based on correlation coefficients derived from 15-minute chart closing prices on GFT’s DealBook 360 platform, from April 1 through 29, 2010.

Futures Correlation Matrix

Click on the above chart to view a larger version.

Chart Key:

DX = June 2011 U.S. Dollar Index contract
Oil = June 2011 Light Sweet Crude Oil contract
Gold = June 2011 Comex Gold contract
10yr T-note = June 2011 10-year U.S. T-note contract
S&P 500 = June 2011 S&P 500 Index e-mini contract

- strong positive correlation
- moderate positive correlation
- negligible correlation
- moderate negative correlation
- strong negative correlation

The correlation matrix shown above is based on correlation coefficients derived from 15-minute chart closing prices on GFT’s DealBook 360 platform, from April 1 through 29, 2011.

Currency Pair Correlation Matrix

Click on the above graph to view a larger version.

Chart Key:

- strong positive correlation
- moderate positive correlation
- negligible correlation
- moderate negative correlation
- strong negative correlation

The correlation matrix shown above is based on correlation coefficients derived from 15-minute chart closing prices on GFT’s DealBook 360 platform, from April 1 through 29, 2011.

Inter-market Correlation Matrix

(click on the above chart to view a larger version)

Chart Key:

S&P 500 = June 2011 S&P 500 Index e-mini contract
10yr T-note = June 2011 10-year U.S. T-note contract
Oil = May 2011 Light Sweet Crude Oil contract
Gold = June 2011 Comex Gold contract

- strong positive correlation
- moderate positive correlation
- negligible correlation
- moderate negative correlation
- strong negative correlation

The correlation matrix shown above is based on correlation coefficients derived from 15-minute chart closing prices on GFT’s DealBook 360 platform, from March 1 through 31, 2011.

Futures Market Correlation Matrix

Click on the above chart to view a larger version.

Chart Key:

DX = June 2011 U.S. Dollar Index contract
Oil = May 2011 Light Sweet Crude Oil contract
Gold = June 2011 Comex Gold contract
10yr T-note = June 2011 10-year U.S. T-note contract
S&P 500 = June 2011 S&P 500 Index e-mini contract

- strong positive correlation
- moderate positive correlation
- negligible correlation
- moderate negative correlation
- strong negative correlation

The correlation matrix shown above is based on correlation coefficients derived from 15-minute chart closing prices on GFT’s DealBook 360 platform, from March 1 through 31, 2011.

Currency Pair Correlation Matrix

Click on the above graph to view a larger version.

Chart Key:

- strong positive correlation
- moderate positive correlation
- negligible correlation
- moderate negative correlation
- strong negative correlation

The correlation matrix shown above is based on correlation coefficients derived from 15-minute chart closing prices on GFT’s DealBook 360 platform, from March 1 through 31, 2011.

Futures Correlation Matrix

Click on the above chart to view a larger version.

Chart Key:

DX = March 2011 U.S. Dollar Index contract
Oil = April 2011 Light Sweet Crude Oil contract
Gold = April 2011 Comex Gold contract
10yr T-note = March 2011 10-year U.S. T-note contract
S&P 500 = March 2011 S&P 500 Index e-mini contract

- strong positive correlation
- moderate positive correlation
- negligible correlation
- moderate negative correlation
- strong negative correlation

The correlation matrix shown above is based on correlation coefficients derived from 15-minute chart closing prices on GFT’s DealBook 360 platform, from February 1 through 25, 2011.

Currency Correlation Matrix

Click on the above graph to view a larger version.

Chart Key:

- strong positive correlation
- moderate positive correlation
- negligible correlation
- moderate negative correlation
- strong negative correlation

The correlation matrix shown above is based on correlation coefficients derived from 15-minute chart closing prices on GFT’s DealBook 360 platform, from February 1 through 25, 2011.