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Hi sledge,
It's good to concentrate on one to get a feel for it, that's how I started with GBP/USD. Little by little I started studying a few others, but I limit myself to 3-4 for now, anymore might be overkill for one trader. But I monitor up to 8 pairs to see if the moves are legit (support from other pairs). |
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Torero-
Yes sir, this is why I concentrate on the one pair. When I started in this currency trading world, I tried to trade everything and anything (but I was also trying to scalp 20-25 times a day too) And you know what- this will test my patience to see if I can just stay put unless I see what I need to see.
Speaking of this AM, I saw a very nice low volume test on a 30 min chart, closed on the high, utilized that as my entry. Not a huge play, but went Long at 1.9696 and at last ticker check- it was sitting at 1.9721. When I get home from the day JOB I'll give it a nice analysis and see where we sit.
Sledge