I've been trading for 4 years now. From this point on, this thread will serve as a record of all my future trades. I don’t use indicators — I purely trade based on momentum.
In Forex, trends are driven by central bank policies, economic data, and geopolitical factors. I always take correlations into account when I trade.
The DXY measures the value of the U.S. dollar against a basket of six major currencies. When the DXY rises, other countries’ futures tend to fall. That’s what I call symmetry. If there’s symmetry in the market, everything makes sense — and that’s when trading the majors is the most reliable approach.
At certain times, the majors can be frustrating to trade. When there’s no symmetry, I avoid them. Instead, I’ll separate currencies into strong and weak groups and trade accordingly. Cross pairs aren’t as random as people think — if you know what you’re doing, you can catch some really nice pips.
My next post will be about a setup I’ll be taking this week
GBP/JPY
In Forex, trends are driven by central bank policies, economic data, and geopolitical factors. I always take correlations into account when I trade.
The DXY measures the value of the U.S. dollar against a basket of six major currencies. When the DXY rises, other countries’ futures tend to fall. That’s what I call symmetry. If there’s symmetry in the market, everything makes sense — and that’s when trading the majors is the most reliable approach.
At certain times, the majors can be frustrating to trade. When there’s no symmetry, I avoid them. Instead, I’ll separate currencies into strong and weak groups and trade accordingly. Cross pairs aren’t as random as people think — if you know what you’re doing, you can catch some really nice pips.
My next post will be about a setup I’ll be taking this week
GBP/JPY
Attached Image(s) (click to enlarge)
