Hey Tom
This is a question of correlation so I will give you my view. If a great trade is a great trade the rest doesn't mean much. So If a beautiful trade shows up on eur/gbp, and then on eur/cad. I take both, ignore what the other is doing and manage the trade appropriately. Especially on eur/cad and eur/gbp. The time where correlation gets my interest a bit more are the days when you have very correlated pairs like the xxx/jpy pairs all doing the same thing . Ex. 5 daily pins all on the xxx/jpy pairs. When this happens I usually take the best one of the bunch(sometimes best 2), and then leave the rest.
Hope that helps
Mike
This is a question of correlation so I will give you my view. If a great trade is a great trade the rest doesn't mean much. So If a beautiful trade shows up on eur/gbp, and then on eur/cad. I take both, ignore what the other is doing and manage the trade appropriately. Especially on eur/cad and eur/gbp. The time where correlation gets my interest a bit more are the days when you have very correlated pairs like the xxx/jpy pairs all doing the same thing . Ex. 5 daily pins all on the xxx/jpy pairs. When this happens I usually take the best one of the bunch(sometimes best 2), and then leave the rest.
Hope that helps
Mike
DislikedGuys/girls,
basic question here...
I find myself in 2 trades currently a short EURGBP (few days old daily BEOB) and a long EURCAD (triggered late on yesterday weekly pin ...)
Not wanting to discuss whether these are good trades or not (I think I know the answer ) but I find myself on one hand wanting a show of strength from the Euro (EURCAD trade) and on the other hand a weakness (EURGBP) now I know in any trade there are two pairs and indeed the EUR could stay the same through out these trades and I could win based on the behaviour...Ignored