Which trade to enter when there's more than one opportunity at the same time?

JacoAF

Jun 14, 2013からメンバー 127 投稿

Dec 14, 2017 at 13:49

Jun 14, 2013からメンバー 127 投稿

I always find it useful to do a Currency Strength Analysis before I look for trade setups. Basically you compare a base currency, i.e. AUD, against the other currencies and then open the charts where the base currency is strongest, and look for trade setups in favor of the base currency. For example right now the AUD is very strong against the NZD and GBP.

Here's a link that will help you quickly find String vs Weak currency pairs:

https://www.oanda.com/forex-trading/analysis/currency-heatmap

Good luck!

Keep it simple, be disciplined, get rich slowly and above all protect your equity!

SteveHanks

Mar 17, 2021からメンバー 494 投稿

Sep 04, 2021 at 08:19

Mar 17, 2021からメンバー 494 投稿

JacoAF posted:
I always find it useful to do a Currency Strength Analysis before I look for trade setups. Basically you compare a base currency, i.e. AUD, against the other currencies and then open the charts where the base currency is strongest, and look for trade setups in favor of the base currency. For example right now the AUD is very strong against the NZD and GBP.

Here's a link that will help you quickly find String vs Weak currency pairs:

https://www.oanda.com/forex-trading/analysis/currency-heatmap

Good luck!

Thank you for sharing.

Akasuki

Mar 28, 2021からメンバー 586 投稿

Sep 06, 2021 at 09:57

Mar 28, 2021からメンバー 586 投稿

You or shouldn't take all the trading opportunities at the same time. You have to take decision which one to enter..By entering too many trades, you are risking more money.

reece22

Sep 22, 2018からメンバー 67 投稿

Sep 06, 2021 at 19:54

Sep 22, 2018からメンバー 67 投稿

mcsuperb posted:
Hi Trader,

Just wondering how you decide which trade to enter when there are several opportunities?

Do you check the correlation and pick the one with the strongest trend?

Do you use correlation at all to make sure not to trade two highly correlated pairs at the same time?[/quote

Get a trading plan

Armada777

Sep 29, 2021からメンバー 16 投稿

Sep 29, 2021 at 09:39

Sep 29, 2021からメンバー 16 投稿

I think that according to me compare to mt5 and mt4 is not hard and easy to use for any kinds of trader even beginners. what do you think about ?

KAWASAKI -> Let the good time roll

UweMoench

Jul 19, 2020からメンバー 749 投稿

Oct 03, 2021 at 12:22

Jul 19, 2020からメンバー 749 投稿

You strategy and trading plans will tell you which trade you should take. There should be a risk percentage. We can't go above that. Enter one that's is more promising.

SofieAndreasen

Jul 23, 2020からメンバー 696 投稿

Nov 09, 2021 at 12:06

Jul 23, 2020からメンバー 696 投稿

Take both or go with which one gives you the most profit.

LyudmilLukanov

Jul 23, 2020からメンバー 816 投稿

Nov 11, 2021 at 11:40

Jul 23, 2020からメンバー 816 投稿

If you are confident take both. If don’t, just go with whichever you are confident more.

EURUSD	1.15403	GBPUSD	1.35613	AUDUSD	0.649
USDJPY	143.972	USDCAD	1.35934	USDCHF	0.81158

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Which trade to enter when there's more than one opportunity at the same time?