DislikedYes, I do risk 8% per week. Thats on both trades. If anyone remembers my post way back in the thread, I used 8% max. I did use AUD/JPY but soon after stopped using it and added to risk onto GBP/JPY and EUR/JPY.
GBP/JPY - 2.5% each trade
EUR/JPY - 1.5% each trade
Now I only trade GBP/JPY. 3-4% on each trade. Would result in 6%-8% loss in a week, worst case scenario. When target hits its +12% - 16% in a week.
But i've been trading it live for 9 months now, as many know, so don't use that much until you're ready. For a few months when i started...Ignored
Hi Ace, father of all that is good.
Why do we trade GBP/JPY + EUR/JPY, aren't the actually very closed correlated?
Maybe it's a dumb question, but it just struck me.