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the ones that I go for. So yeah
guys anyways I'll see you in
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would only trade a certain
pair. Uh but personally when I
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personally I would look for the
best correlated pairs and then
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am I going to buy whatever it
is I don't I don't want to over
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this I only really look for a
few pairs and then in today I
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have to decide at that point
which am I going to sell which
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fundamentals at the time as
well but let's take these two
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has the more dominant backed
currency and especially for EU
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decide which is the best for
that day. So as you know when
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find because USD is more the
more dominant pair. Each pair
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just trade that. So yeah guys
definitely always consider this
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percentage points so I would
rather I'd much rather not take
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loss if I do it across the
board can turn into a a few
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see more free flow markets in
other types of pairs. They're
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simultaneously come to the
point their point of interest I
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to sell. So we can see that
Euro GVP is going to be down
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and you look at which is which
is down trending. In this case
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so let's just take an example.
You've got EU and GU. You're
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as well for if it's AUD and NZD
you look at AD NZD as the pair
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are both coming up. So what do
you do? Do you sell the Euro or
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comes to actually trading them
pairs if a few of them
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pair will be the better pair to
trade for that day. Uh due to
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of indexes as well so DXY is
the index of the USD pair. Um
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classes. We need to look at
different currency pairs sort
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pairs that I've got in in mind
points of interest
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it comes to my Sunday markup
sessions I always send in a few
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very very well especially when
you've got correlations that
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work across the board. See we
need to look at different asset
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this logic to the high time
frames as well and this works
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it's so much weaker in that
day. Now you can also apply
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and GU, it's usually the the
dollar depending on
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potentially have got two good
cells but EU is going to
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provide you a much better sell
because it drops faster because
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as an example. If you were to
sell both of them, okay,
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trade GU. But I mean I used to
be one of them as well where I
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before you're entering. It's
something not many people do
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because they're always fixated
are I only trade EU or I only
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that loss of course you can
gain as much as well but
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other one might fail as well.
What can I do about this? Right
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you've got a few pairs on your
watch list might be G, GU, EJ,
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both pairs, this is what you're
going to find. You're going to
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sell. The reason for that is
because look if we're expecting
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pound buys. Cos as the pound
buys are inversely correlated.
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the Euro Euro GVP to go down
what does that mean? Euro sells
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trending. What does that mean?
That means that we choose EU to
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fundamentally backed and
everything. Um but when it
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expose myself in the market
because a simple a simple 0. 5%
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a great skill to add to your
arsenal when deciding which
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so in this situation I would
sell EU. Now this is definitely
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country currency is it either
Euro or the pound now one way
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because we're we're trying to
sell EU or GU we need to look
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look at Euro GBP to compare the
both of them this goes the same
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we expect EU and GU to drop.
Now what we need to look for
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USD movement. So, this can be
over risky. So, imagine one day
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So Euro GB it sells off Now, if
you look at the price action of
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both trying to sell them and
the their points of interest
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not sure whether to enter one
or both of them. The answer. Uh
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potentially both hit stop loss
if they fail. For example, if
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in today EG we find a valid
entry for it to go down for it
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for the pair that can sell the
most so which is the weak
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of solving this is especially
if this is intraday as well you
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both pairs are following the
same general bias, they could
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the pounds? Now both pairs are
valid entry points but you're
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we are looking for sells. So we
expect USD to rise right? So as
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the DX so you can look at the
DXY chart as well. As DXY rises
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get used to it. Um so yeah just
going to dive straight into it.
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bit of a handful but it's
honestly quite easy once you
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Yes guys welcome to the next
lesson. Um so we're going to be
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potentially if one of them
points of interest fails the
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also correlate in the same
direction as well then
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a few others. But if you're
going for the same pairs
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So when trying to choose your
pairs you must not over expose
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looking at currency correlation
divergence. Uh it sounds like a
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you are selling both EU and GU,
both pairs are very reliant on
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plan because you know because
of these main two reasons. If
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the next video and take care.
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yourself in the market by going
for too many similar pairs at
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the same time. Now this is this
is quite key in risk management
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