Disliked{quote} My USDJPY trade is going well but lost in EURJPY. When you take two JPY trades in opposite direction, do you consider correlation? {image} {image}Ignored
Personally I do not consider 'correlated pairs' to be of any significance. I treat each setup on each pair as a completely different/seperate trade. I like to keep things as simple as possible. Once I made this change to my trading and stopped trying to do to much my success in trading has increased substantially.
Try not to over think a trade (not saying that you do, just in general). Have a method and a set of 'rules' and stick to them. If a trade goes sour based on your rules, try to resist the temptation to change the rules in order to achieve an unachievable goal of being 100% right. As long as your method gives you an edge (such as J16/Mike) and your MM is sound you will be succesfull.
Sorry I went off a little there lol ...did I even answer the question
Take care mate
Dan