{"id":215742,"date":"2020-03-01T14:30:01","date_gmt":"2020-03-01T14:30:01","guid":{"rendered":"https:\/\/www.forexmentorpro.com\/blog\/?p=215742"},"modified":"2020-04-05T09:13:33","modified_gmt":"2020-04-05T08:13:33","slug":"how-cross-pairs-work-in-forex-leave-the-yens","status":"publish","type":"post","link":"https:\/\/www.forexmentorpro.com\/blog\/how-cross-pairs-work-in-forex-leave-the-yens\/","title":{"rendered":"How Cross Pairs Work In Forex &#038; Leave the Yens"},"content":{"rendered":"<p>How Cross Pairs Work In Forex<\/p>\n<p>Hi, the Yens more than most tumbled last week along with world stock markets.<\/p>\n<p>I explain in the short video below what happened and how to calculate Yen cross pair prices and as a result why they are so similar.<\/p>\n<p>My best advice is to leave them all alone for the next few days at least as historically they are more likely to overreact when bourses are crashing.<\/p>\n<p>I show in the video why and how the Yen pairs often have very similar patterns and why I explain every week why you should only ever trade one of them at any one time OR reduce the risk accordingly.<\/p>\n<p>Last week in the live session I analysed all of them and explained why I had chosen the Cad\/Yen for my live account, but I also showed a complex way of entering the $\/Yen in stages.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"P9Yee33TYb\"><p><a href=\"https:\/\/www.forexmentorpro.com\/blog\/live-session-where-to-place-stops-trading-forex\/\">Live Session: Where to Place Stops Trading Forex<\/a><\/p><\/blockquote>\n<p><iframe title=\"&#8220;Live Session: Where to Place Stops Trading Forex&#8221; &#8212; Forex Mentor Pro - Blog\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" src=\"https:\/\/www.forexmentorpro.com\/blog\/live-session-where-to-place-stops-trading-forex\/embed\/#?secret=P9Yee33TYb\" data-secret=\"P9Yee33TYb\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>Because of their correlation with stocks all the Yens lost last week. Price simply cut through support and kept dropping. Considering the S &amp; P suffered its biggest loss ever, we were perhaps lucky the Yens didn&#8217;t fall further and may well do so in the coming days.<\/p>\n<p>Once again I explained during the session to NOT take more than one and yet some of you did and are now nursing bigger losses and wondering why!<\/p>\n<p>If you had stuck to your money management rules then you would have simply lost one trade and movedon.com<\/p>\n<p>On the demo I use for education purposes I still had the balance of the Aud\/Yen running and got out with 430+ pips profit, so that almost covered the losses on the other trades.<\/p>\n<p>Check out the short video here:<\/p>\n<p><iframe src=\"https:\/\/player.vimeo.com\/video\/394744668\" width=\"640\" height=\"360\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p style=\"text-align: center;\"><strong>If you would like to learn how to trade like a professional check out our 5* rated forex mentor program, RISK FREE; by clicking on the \u201cGet Started Today\u201d Button below<\/strong><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/www.forexmentorpro.com\/blog\/mw-post\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" src=\"https:\/\/www.forexmentorpro.com\/blog\/wp-content\/uploads\/2017\/01\/728x90-.jpg \" width=\"728\" height=\"90\" alt=\"\" title=\"\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>How Cross Pairs Work In Forex Hi, the Yens more than most tumbled last week along with world stock markets. I explain in the short video below what happened and how to calculate Yen cross pair prices and as a result why they are so similar. My best advice is to leave them all alone [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":215741,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","rank_math_lock_modified_date":false,"footnotes":""},"categories":[4],"tags":[319,318,320],"class_list":["post-215742","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex-education","tag-how-cross-pairs-are-formed-in-forex","tag-how-cross-pairs-work-in-forex","tag-how-to-calculate-a-cross-pairs-in-forex"],"_links":{"self":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/215742"}],"collection":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/comments?post=215742"}],"version-history":[{"count":0,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/215742\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media\/215741"}],"wp:attachment":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media?parent=215742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/categories?post=215742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/tags?post=215742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}