Disliked{quote} Davit, a quick question please: This week we had several CAD pairs "in the zone" at the same time, I was looking at UC, AC and EC and tried to pick the one that I felt had the best potential, whereas you placed trades on several CAD pairs. I can see it is a safer approach to spread your trades over somewhat correlated pairs, but on the other hand there is more profit to be had from trying to pick the one that will 'probably' have a greater correction. Looking back at this moment from peak this week to current price the 3 I considered have...Ignored
I will like to have a go at your question. In addition to what Dab and Davit has mentioned, what I do when I have this dilemma is to measure the pip/point distance from the zone to the weekly pivot (on the assumption/probability that price will touch the pivot most times) and take the one with the highest pip/point distance. If you look at this suggestion you will see it ties into Dab and Davit's comments. If you measure the distance EC comes out to be the most profitable to trade among the 3 pairs.
I hope you find this useful.
Green pips..
D labour of a fool wearieth him cos he doesn't know how to enta d city
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