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Yen baskets

UserPost

5:22 am
March 6, 2012


FXChris

South Florida, USA

Admin

posts 80

Are they back?  this is 3rd JPY basket for me in 2 weeks, there is nothing like making 200 pips in 30 minutes on a basket of yens, but you do need to be careful not to let the overall risk exposure exceed your allowable amounts.  Yet when each yen moves 50+ pips in one swing and you have a basket of 4-6 of them, well you figure it out.

Forex trading room JPY basket

My favorite trade but you can get crushed just as easily if you do not know what your doing or worse have not truly accepted the risk (ie. that you could lose 100 pips in 5 minutes with just a 20 pip move against on each.)  However, when the stars align like they did tonight in class there is nothing like a correlated basket.

 

These trades are still going I just moved stops and shut down not to watch it lol don't want to get in my own way let them plummet.

FXChris


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