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Confirmation Using Crosses of Same Symbol

Hi, I just had a thought and I'm writing to see if others have various opinions about this. A lot of traders use various indicator(s) for Confirmation for their system, etc., but I'm curious if it also makes sense to use various crosses of the same symbol for confirmation of a significant move.

In other words, simultaneously monitoring USDJPY, AUDJPY, CADJPY, EURJPY, GBPJPY, NZDJPY and if your system provides a trading opportunity on all JPY crosses then, this would imply confirmation of a significant move.

I look forward to your insights.

madopter


This post first appeared on Activity Stream - Newdigital World, please read the originial post: here

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Confirmation Using Crosses of Same Symbol

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