Current exposure:
Long AUD
Short JPY
Short NZD
AUD/CAD setting up for short -- may enter because it passses correlation filter to offset long AUD exposure.
"Correlation Filter: Is there a trade of the same currency (EUR/CHF/GBP) already open trading in the same direction? If yes, no trade."
No other correlated trades until these trades resolve themselves. (SL or TP)
Long AUD
Short JPY
Short NZD
AUD/CAD setting up for short -- may enter because it passses correlation filter to offset long AUD exposure.
"Correlation Filter: Is there a trade of the same currency (EUR/CHF/GBP) already open trading in the same direction? If yes, no trade."
No other correlated trades until these trades resolve themselves. (SL or TP)
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