I know you’re probably going to say you just follow the chart but since GJ is a cross, wouldn;t you find the fib levels reacting differently to the majors like GU and UJ?
lol…of course 🙂
The other thing is correlation risk, eg going short on EU, GU, AU offers overexposure to the long dollar trade. If you have time wouldn;t mind discussing it on Sunday but I know you don’t usually like to cover stuff like that in the webinar.
I know you’re probably going to say you just follow the chart but since GJ is a cross, wouldn;t you find the fib levels reacting differently to the majors like GU and UJ?
I trade each chart individually 😉
lol…of course 🙂
The other thing is correlation risk, eg going short on EU, GU, AU offers overexposure to the long dollar trade. If you have time wouldn;t mind discussing it on Sunday but I know you don’t usually like to cover stuff like that in the webinar.
Sorry but you are right, I don’t go over stuff like that…. I think it will just get newer traders in trouble… no go 😉