That's only an illustration of 3 currencies. It's well known in finance that the rule is diversification. In case of oil. If you put all your trades in oil, then all the risk you take is in oil. Whatever you do, just remember your goal.

Specialize in only one market

If the market is random, then it follows "randomness" rule. Given there is a rule, such as GU range is between 1.20 and 1.40. Close your eyes and place an order. Example the current GU is 1.29. And you place a buy order. Hoping the price will hit ...

Forex Dream Chasers - The 90% rule of randomness

Let use an example with 3 currencies. This is the simplest case of diversification. Let take USD, EUR, and GBP. We know EURGBP is either up or down. Let's trade EU and GU. If EURGBP is up. That means EU is probably up. And GU is probably down. In ...

Specialize in only one market

Specialize in one market? Isn't it against Financial Wisdom? Finance always teaches us to diversify. Diversification is the route to success. Well, not quite. But it's better than put all your eggs in one basket. In case there is a big hole in the ...

Specialize in only one market

GU is stalling @ 129 - 130. UJ is stalling @ 101 - 102. Time to reverse direction to Bull. Come on Abe. Make the call.

Dragon Riders GBP/JPY

Hi. Welcome. Yes, experience. I like to play after Europe closed; or US closed and Asia open. I don't like Europe session. It's too short between Asia closed and US open.

Specialize in only one market

I think the easiest pair to trade is UC and GU. Next to it is EURCHF, but you have to be very careful about this pair. The 4th is EURGBP. Next NU and AU. UJ is quite hard and doesn't follow trend. I avoid EU since I have never been profitable at ...

Specialize in only one market

We could see 400 pips swing down from here to 125.

USD/CAD

The bear will jump into on any occasion. There are lots of buy orders @ 1.29. But once that is taken out, Big Bear is in charge. OTH, if buyers push it up to 1.30 and can defend. The Bull comes into play. It can be very interesting.

USD/CAD

Agree. I wouldn't mind if someone posts technical or fundamental. But just personal grudges? Huh heh

Dragon Riders GBP/JPY

Thanks. I am afraid to see lots of sellers at this point. All are eager to push the price down towards 1.28. It will be a nightmare.

USD/CAD

I have to a decision to make now. Whether or not to close my long UC @ 130.80. I doubt it is bullish now. I do pretty well on other trades especially UJ. So, that's not bad. I think if 1.28 is broken, we could see all the way down to 1.25. I ...

USD/CAD

Those were my last week posts : 37029 and 37043. Below is this week PA 4 Hrs. I will take my to time to analyze. It is around Fib 50 % @ 1338. Good luck

XAU/USD & XAG/USD - Gold & Silver Traders Thread

It could be false break. But consider lots of SL's at 1.28. That where the money is.

USD/CAD

Strong upward. I wouldn't sell at this point. My target is still 104. Hopefully.

USD/JPY Discussion

It has to leave 100 area. Above 104, it will signal bullish. But now, it is still bearish. Buyers will not give up 100 easily.

USD/JPY Discussion

It would be nice if GJ back to 133. Can play long from here with SL 130. Or play short with SL 134. I prefer Long.

USD/JPY Discussion

H1 slightly upward. H4 neutral. D1 neutral. But GJ is strong buy signal on H1 and H4.

USD/JPY Discussion

The number 1 rule is : Never over leverage. If you are up 25%, then close half your open trades. It doesn't hurt you. After all, you are still up 25 %. Never wait until it's too late.

Geppy vs. GJscalper - a duel to the death!