Looking over my daily charts, it seems that the majority of the time, certain pairs will behave and at least move in the same direction as others. AUD/JPY, GBP/JPY, and EUR/JPY are what I'm referring to specifically. The main issue for me here is that the pairs are all xxx/JPY. Is there any additional risk in taking all these trades (ie since they mostly move the same way, I'd be risking 9% instead of 3%). Now, if your system gave you the same signal for each of those, what would you do?
Take all the trades?
OR
Take only the best setups (thus entering some subjectivity in)?
Thanks,
andersenws
Take all the trades?
OR
Take only the best setups (thus entering some subjectivity in)?
Thanks,
andersenws
"Youth is the trustee of prosperity." - Benjamin Disraeli