Hey guys,
Just finishing up the course and I was wondering if I should really factor in currency correlations if I’m trading on the 15 minute time frame or if it’s only relevant when trading on higher frames like the 4 hour or daily?
Thank you all
yes you should trade a narrow band of pairs or one currency and its crosses.
else the homework is torture.
I use the USD aks DXY and the usd crosses.
If not that I’ off trend trading
I like to basket trade (multiple pairs at the same time) It decreases my risk and enhances my pips. I select my basket based on correlated and uncorrelated.