Hi,
I was reading a book on Jesse Livermore, who lived in the first part of the last century. He made (and lost!) millions, and described his techniques in a book in 1940.
For buying stocks he recommends checking a sister stock in the same industry group - to ensure it is moving the same way.
Does anyone do this with FX pairs?, eg: trend for GBPUSD is down, so is the sister FX pair trending the same?
Is there a list of linked FX pairs?
Thanks.
I was reading a book on Jesse Livermore, who lived in the first part of the last century. He made (and lost!) millions, and described his techniques in a book in 1940.
For buying stocks he recommends checking a sister stock in the same industry group - to ensure it is moving the same way.
Does anyone do this with FX pairs?, eg: trend for GBPUSD is down, so is the sister FX pair trending the same?
Is there a list of linked FX pairs?
Thanks.