Its really interesting to view the different sub-topics being discussed. The most important question to ask," is this setup profitable?"..if yes, ride on..if it doesn't suit your method of trading, I believe the indi can be used as a guide for a risk on/risk off analysis.
Great job kos..I believe the factors that can adversely affect the basket are:
1.The yen pairs not in sync with the usd-related pairs(BOJ intervention to steadily weaken the yen)
Personally,I like to see the UJ in sell mode before I pull the trigger on my yen pairs.
2.Some AUD or NZD fundamental strength preventing their drop when the basket is in "sell mode"
I think these are a few things to take note of imho..this is a very good learning thread.
Great job kos..I believe the factors that can adversely affect the basket are:
1.The yen pairs not in sync with the usd-related pairs(BOJ intervention to steadily weaken the yen)
Personally,I like to see the UJ in sell mode before I pull the trigger on my yen pairs.
2.Some AUD or NZD fundamental strength preventing their drop when the basket is in "sell mode"
I think these are a few things to take note of imho..this is a very good learning thread.
It is possible to make large sums trading, small losses, large wins