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Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated: 1 00:05:24,863 --> 00:05:28,263 the ones that I go for. So yeah guys anyways I'll see you in 2 00:05:16,943 --> 00:05:20,983 would only trade a certain pair. Uh but personally when I 3 00:04:58,503 --> 00:05:02,143 personally I would look for the best correlated pairs and then 4 00:04:36,823 --> 00:04:40,383 am I going to buy whatever it is I don't I don't want to over 5 00:04:10,523 --> 00:04:13,443 this I only really look for a few pairs and then in today I 6 00:04:33,983 --> 00:04:36,823 have to decide at that point which am I going to sell which 7 00:03:18,963 --> 00:03:23,643 fundamentals at the time as well but let's take these two 8 00:03:08,963 --> 00:03:14,723 has the more dominant backed currency and especially for EU 9 00:04:13,443 --> 00:04:16,803 decide which is the best for that day. So as you know when 10 00:03:03,603 --> 00:03:08,963 find because USD is more the more dominant pair. Each pair 11 00:05:02,143 --> 00:05:06,343 just trade that. So yeah guys definitely always consider this 12 00:04:50,663 --> 00:04:55,143 percentage points so I would rather I'd much rather not take 13 00:04:46,663 --> 00:04:50,663 loss if I do it across the board can turn into a a few 14 00:05:20,983 --> 00:05:24,863 see more free flow markets in other types of pairs. They're 15 00:04:30,783 --> 00:04:33,983 simultaneously come to the point their point of interest I 16 00:02:28,923 --> 00:02:32,203 to sell. So we can see that Euro GVP is going to be down 17 00:02:17,743 --> 00:02:22,363 and you look at which is which is down trending. In this case 18 00:01:14,703 --> 00:01:18,103 so let's just take an example. You've got EU and GU. You're 19 00:02:13,343 --> 00:02:17,743 as well for if it's AUD and NZD you look at AD NZD as the pair 20 00:01:21,343 --> 00:01:25,663 are both coming up. So what do you do? Do you sell the Euro or 21 00:04:27,403 --> 00:04:30,783 comes to actually trading them pairs if a few of them 22 00:04:06,443 --> 00:04:10,523 pair will be the better pair to trade for that day. Uh due to 23 00:03:53,083 --> 00:03:59,123 of indexes as well so DXY is the index of the USD pair. Um 24 00:03:49,323 --> 00:03:53,083 classes. We need to look at different currency pairs sort 25 00:04:20,963 --> 00:04:24,283 pairs that I've got in in mind points of interest 26 00:04:16,803 --> 00:04:20,963 it comes to my Sunday markup sessions I always send in a few 27 00:03:41,323 --> 00:03:45,803 very very well especially when you've got correlations that 28 00:03:45,803 --> 00:03:49,323 work across the board. See we need to look at different asset 29 00:03:38,003 --> 00:03:41,323 this logic to the high time frames as well and this works 30 00:03:34,443 --> 00:03:38,003 it's so much weaker in that day. Now you can also apply 31 00:03:14,723 --> 00:03:18,963 and GU, it's usually the the dollar depending on 32 00:03:26,803 --> 00:03:30,603 potentially have got two good cells but EU is going to 33 00:03:30,603 --> 00:03:34,443 provide you a much better sell because it drops faster because 34 00:03:23,643 --> 00:03:26,803 as an example. If you were to sell both of them, okay, 35 00:05:12,823 --> 00:05:16,943 trade GU. But I mean I used to be one of them as well where I 36 00:05:06,343 --> 00:05:09,183 before you're entering. It's something not many people do 37 00:05:09,183 --> 00:05:12,823 because they're always fixated are I only trade EU or I only 38 00:04:55,143 --> 00:04:58,503 that loss of course you can gain as much as well but 39 00:01:09,263 --> 00:01:14,703 other one might fail as well. What can I do about this? Right 40 00:00:51,343 --> 00:00:56,543 you've got a few pairs on your watch list might be G, GU, EJ, 41 00:03:00,363 --> 00:03:03,603 both pairs, this is what you're going to find. You're going to 42 00:02:37,803 --> 00:02:42,883 sell. The reason for that is because look if we're expecting 43 00:02:48,643 --> 00:02:52,923 pound buys. Cos as the pound buys are inversely correlated. 44 00:02:42,883 --> 00:02:48,643 the Euro Euro GVP to go down what does that mean? Euro sells 45 00:02:32,203 --> 00:02:37,803 trending. What does that mean? That means that we choose EU to 46 00:04:24,283 --> 00:04:27,403 fundamentally backed and everything. Um but when it 47 00:04:40,383 --> 00:04:46,663 expose myself in the market because a simple a simple 0. 5% 48 00:04:03,883 --> 00:04:06,443 a great skill to add to your arsenal when deciding which 49 00:03:59,123 --> 00:04:03,883 so in this situation I would sell EU. Now this is definitely 50 00:01:58,223 --> 00:02:03,783 country currency is it either Euro or the pound now one way 51 00:01:49,623 --> 00:01:53,903 because we're we're trying to sell EU or GU we need to look 52 00:02:08,183 --> 00:02:13,343 look at Euro GBP to compare the both of them this goes the same 53 00:01:44,703 --> 00:01:49,623 we expect EU and GU to drop. Now what we need to look for 54 00:00:45,343 --> 00:00:51,343 USD movement. So, this can be over risky. So, imagine one day 55 00:02:52,923 --> 00:03:00,363 So Euro GB it sells off Now, if you look at the price action of 56 00:01:18,103 --> 00:01:21,343 both trying to sell them and the their points of interest 57 00:01:30,223 --> 00:01:35,943 not sure whether to enter one or both of them. The answer. Uh 58 00:00:36,463 --> 00:00:40,423 potentially both hit stop loss if they fail. For example, if 59 00:02:22,363 --> 00:02:28,923 in today EG we find a valid entry for it to go down for it 60 00:01:53,903 --> 00:01:58,223 for the pair that can sell the most so which is the weak 61 00:02:03,783 --> 00:02:08,183 of solving this is especially if this is intraday as well you 62 00:00:33,783 --> 00:00:36,463 both pairs are following the same general bias, they could 63 00:01:25,663 --> 00:01:30,223 the pounds? Now both pairs are valid entry points but you're 64 00:01:35,943 --> 00:01:40,423 we are looking for sells. So we expect USD to rise right? So as 65 00:01:40,423 --> 00:01:44,703 the DX so you can look at the DXY chart as well. As DXY rises 66 00:00:12,563 --> 00:00:17,403 get used to it. Um so yeah just going to dive straight into it. 67 00:00:10,123 --> 00:00:12,563 bit of a handful but it's honestly quite easy once you 68 00:00:02,543 --> 00:00:06,403 Yes guys welcome to the next lesson. Um so we're going to be 69 00:01:06,343 --> 00:01:09,263 potentially if one of them points of interest fails the 70 00:01:03,123 --> 00:01:06,343 also correlate in the same direction as well then 71 00:00:56,543 --> 00:01:02,303 a few others. But if you're going for the same pairs 72 00:00:17,403 --> 00:00:20,443 So when trying to choose your pairs you must not over expose 73 00:00:06,403 --> 00:00:10,123 looking at currency correlation divergence. Uh it sounds like a 74 00:00:40,423 --> 00:00:45,343 you are selling both EU and GU, both pairs are very reliant on 75 00:00:29,323 --> 00:00:33,783 plan because you know because of these main two reasons. If 76 00:05:28,263 --> 00:05:31,783 the next video and take care. 77 00:00:20,443 --> 00:00:23,403 yourself in the market by going for too many similar pairs at 78 00:00:23,403 --> 00:00:29,323 the same time. Now this is this is quite key in risk management 7336

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