Currency Correlation on different time frames

Beginner Questions
1

I understand about correlation but I have a question on the different Time frames

I will be trading the 1 hr time frame. If I check the currency correlations on Oanda it provides correlation strength for all different Time frames.

If I am trading the 1 hr chart and using the 15 min chart for a better entry, should I be looking at 1hr correlation or 1 day correlation?

I’m not sure how many candles are used when they calculate the %. The correlations between 1hr and 1 day are different so I really need to know which one to follow for decision making.

Thanks

2

Try different ones, trade, lose money, learn and repeat until you get the results you are looking for.

3

It is true that unless we will loose our trading funds we cannot learn trading so it is best if we start our trading in the lowest trading volumes as that will keep the overall losses under control :slight_smile:

4

yes you should start with low volumes as it will make your investmenat safe and you could explore market without taking risk.

5

Let’s say that we follow correlation and negative correlation. Are there different types of breaks in correlation we can spot that are more helpful than others. Here is an example from today. Here the GU had that fast spike down (as if people were on smoking breaks) that just looked like liquidity was being gathered.

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