its actually only 2% on one trade. the point i was making about your trades is that they all are USD pairs, and thus usually have degree of correlation.
EURUSD and USDCHF are HIGHLY correlated. look at the hourly charts, they are pretty much inverses of each other.
USDJPY and GBPUSD also have a correlation, but not as close as EURUSD and USDCHF.
still, i never trade more than one of these pairs together at the same time.
USDCAD and AUDUSD also have correlation of course, but its usually less. i can trade these at the same time i have positions in the latter 4 pairs.
at the same time, if im trading GBPUSD, i would not trade GBPCHF, but i could trade EURAUD or something like that, because my exposure to each currency is not increased.
EURUSD and USDCHF are HIGHLY correlated. look at the hourly charts, they are pretty much inverses of each other.
USDJPY and GBPUSD also have a correlation, but not as close as EURUSD and USDCHF.
still, i never trade more than one of these pairs together at the same time.
USDCAD and AUDUSD also have correlation of course, but its usually less. i can trade these at the same time i have positions in the latter 4 pairs.
at the same time, if im trading GBPUSD, i would not trade GBPCHF, but i could trade EURAUD or something like that, because my exposure to each currency is not increased.
Quoting jaydog777DislikedLessons learned:
1. only have a max of %2- %5 of my equity in open positions at any given time.Ignored