DislikedZoo, If I am right, according to your rules, you would enter G/A, and A/J, and (if they finally cross) A/U, and E/A along with E/N. With four of these crosses being AUD, would you still enter all of them, or would you select only one of them? Crosses below the 32 line: G/A Possibly upcoming below the 32: E/A (getting close), E/N (should cross spot on?) {image} {image} {image} Crosses above 68 line: A/J Possibly upcoming above the 68:A/U (getting close) {image} {image} Or have I missed something of your rules? I am NOT a conservative trader, trying...Ignored
I definitely avoid being in multiple pairs tied to the same currency. I have about 6 that I watch and only two tied to the USD (XAGUSD being one of them).
With regards to the EURNZD, look to the left at the last three TDI buy crosses and they all resulted in minor profits (some traders call this MFE-Maximum Favorable Excursion), or how far in my favor did the trade go. You can use Fibs, trend lines, pivots, S&R levels, higher time frame analysis, etc to judge this. But given the down trend the E/N is in, the risk-to-reward better be good to take a buy.
AUDJPY will have around a 70 pip S/L so your targeting should anticipate over 100 pips.
Zoopots