Quote:
|
Originally Posted by MickMason
You're right, Cable mainly but when nothing else is moving gbp/jpy there's always something going on although it can be a bit fierce at times.
I seem to have charts up all over the place and if I see a setup then the actual pair being traded is academic to a degree.
How about yourself, eur/usd? If so is that just because of spread?
|
Thanks.
For me its really based on DX, which I study often, at least every week, looking at the monthly/weekly/daily to see if my analysis is OK or flawed.
So,
When DX is strong, I play USDJPY, USDCHF & USDCAD LONG.
When DX is weak, I play EURUSD or GBPUSD LONG.
Then every now and then I get tempted by other goodies like USDNOK, USDZAR, GBPJPY, CHFJPY, EURGBP, EURCHF, GBPCHF, EURCAD
I haven't tabulated my results for these extraneous pairs but they pale in comparison to the basic strategy listed via DX.
With so many chocolates in the store it is hard to focus on just EURUSD although that could be a very smart thing to do in terms of "energy" savings.
Still learning and perhaps by next year I can settle down to just a 2-pair load.
