No0b here.
Now I was hesitent about trading today because of the inauguration and I didn’t know how that would affect the charts. But, I’ve noticed the dollar getting stronger. There was a thread not too long ago about direct correlation between the EUR/USD and USD/CHF, but now I’ve also noticed you can throw the GBP/USD in there too.
Watch and you’ll see what im talking about
EUR/USD goes down… so does GBP/USD and USD/CHF goes up
So I’m thinking, why buy one currency pair, when you can go for the gusto and get all three?
anyone else adopt this same strategy?
HI
I usually use the negative correlation between the eur/usd and usd/chf. but the problem is that if the analysis is wrong, then your account gets a double whack. Works both ways…
true, but right now the dollar is trending so you should only place orders in the direction of the main trend.
futurebless in a way if you go for the gusto as you say you are tripleing your risk thats all coz the majors usually do move in tandem. so do the carry pairs.
QUOTE=johnnykanoo;86348]Carry pairs
USD pairs
these charts are from 12.08.08QUOTE]
I just posted this in another thread