{"id":216659,"date":"2020-12-04T14:24:36","date_gmt":"2020-12-04T14:24:36","guid":{"rendered":"https:\/\/www.forexmentorpro.com\/blog\/?p=216659"},"modified":"2020-12-08T10:58:22","modified_gmt":"2020-12-08T10:58:22","slug":"managing-winning-yen-trade-correlation","status":"publish","type":"post","link":"https:\/\/www.forexmentorpro.com\/blog\/managing-winning-yen-trade-correlation\/","title":{"rendered":"Managing Winning Yen Trade &#038; Correlation"},"content":{"rendered":"<p>Managing Winning Yen Trade<\/p>\n<p><img decoding=\"async\" class=\"alignleft wp-image-215694 size-medium\" src=\"https:\/\/www.forexmentorpro.com\/blog\/wp-content\/uploads\/2020\/01\/white-ish-fx-background-2018_10_13-13_15_29-UTC-300x200.jpg\" alt=\"Managing Winning Yen Trade\" width=\"300\" height=\"200\" title=\"\">Hi, yesterday, Thursday 3rd December we saw all round $USA weakness versus the majors today.<\/p>\n<p>Major highs and lows have been broken which may be a theme in the run-up to Christmas.<\/p>\n<p>I show in the short video how correlation works and why you need to be very careful taking more than one correlated trade at a time.<\/p>\n<p>The Euro\/$, Gbp, Aud, Nzd are all breaking higher and the Chf &amp; Cad lower in perfect correlation. So a long on one of the first 4 is the same, so if you take 2 halve the risk.<\/p>\n<p>If not if one loses they all lose. It can of course work in your favour, but Murphys law mostly works against me \ud83d\ude41<\/p>\n<p>I also talked about the same subject in this weeks live training session and the Gbp\/$ trade that got closed out yesterday and the $\/Yen I am still in today.<\/p>\n<p>I have again taken some profit (scaled out) moved the stop and am now aiming for a bigger target, risk free. All explained in todays short video below:<\/p>\n<p>&nbsp;<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"HfAEg6YjpZ\"><p><a href=\"https:\/\/www.forexmentorpro.com\/blog\/live-fx-plans-correlation-fake-outs-crypto-buys\/\">Live: Fx Plans, Correlation, Fake Outs &#038; Crypto Buys<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Live: Fx Plans, Correlation, Fake Outs &#038; Crypto Buys&#8221; &#8212; Forex Mentor Pro - Blog\" src=\"https:\/\/www.forexmentorpro.com\/blog\/live-fx-plans-correlation-fake-outs-crypto-buys\/embed\/#?secret=HfAEg6YjpZ\" data-secret=\"HfAEg6YjpZ\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<h4>Managing Winning Yen Trade<\/h4>\n<p><iframe src=\"https:\/\/player.vimeo.com\/video\/486860994\" 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>Managing Winning Yen Trade Hi, yesterday, Thursday 3rd December we saw all round $USA weakness versus the majors today. Major highs and lows have been broken which may be a theme in the run-up to Christmas. I show in the short video how correlation works and why you need to be very careful taking more [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":216660,"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_focus_keyword":"","rank_math_description":"","rank_math_title":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-216659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex-articles"],"_links":{"self":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/216659","targetHints":{"allow":["GET"]}}],"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=216659"}],"version-history":[{"count":0,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/216659\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media\/216660"}],"wp:attachment":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media?parent=216659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/categories?post=216659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/tags?post=216659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}