DislikedHi Lou,
welcome to the thread. Looking forward for many more decent posts from you in the future.
I'm currently Long EUR/USD and Short UCD/CHF. Like the setup and the nice RR.
SeanIgnored
This is NOT conservative trading or what is being taught on here. Unless you REALLY know what you are doing this is reckless trading.
The EURUSD & USDCHF are 98% correlated at this present time. This means you have TWO IDENTICAL trades doing the same thing.
Sure if it works out, you will be laughing BUT what if it doesn't? You have a double whammy and a double dipper and a whole lot of hurt.
You should choose one or the other and trade it and IF you want to trade another, choose a NON - CORRELATED pair to give you some diversification.
Something about the chicks and their basket.
This to me, STINKS of GREED!
Amateurs only think profit
Professionals only think RISK
Amateurs only think how much money they can win
Professionals only think how much they can LOSE
If you are to be successful in this business, you need some SERIOUS HEAD ADJUSTMENTS!
15 YEARS OF PASR ON FOREX FACTORY!