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Re: How many pairs do you really have at the same time?
I would like to know how many currency pairs are on your active daily trading list. I’m not talking about having them on the platform, but how many you really analyze and operate. I started with 10 and ended up collapsing. Now I’m only following 3, and everything flows better. How do you do it?
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Re: How many pairs do you really have at the same time?
I have two pairs left over. EUR/USD and GBP/USD. I prefer to meet them as if they were my neighborhood rather than jumping among strangers.
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Re: How many pairs do you really have at the same time?
Sometimes I operate up to 12 pairs simultaneously. Of course, I have custom automations and alerts. But if you’re starting, that’s crazy.
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Re: How many pairs do you really have at the same time?
Less is more. The one who tries to cover everything does not specialize in anything. I only see EUR/USD and AUD/USD. One slow, one more volatile.
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Re: How many pairs do you really have at the same time?
I started out just like you, with a thousand open graphics as if that were going to give me more opportunities. Classic error. Now I just look at USD/JPY and I'm doing better.
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Re: How many pairs do you really have at the same time?
3 pairs: EUR/USD, GBP/JPY and USD/CHF. I have them in different time blocks and they give me enough daily movement. But I do not mix styles between them.
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Re: How many pairs do you really have at the same time?
3 pairs? I'm not even clear with one yet! EUR/USD already drives me crazy with so much manipulation. But I'm learning to stop inventions and keep focus.
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Re: How many pairs do you really have at the same time?
Are there really people who operate more than 5 pairs at the same time manually? Or do they have clones? Because that’s not management, it’s roulette.
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Re: How many pairs do you really have at the same time?
Depending on your style. If you do scalping, you can't keep an eye on more than 2. If you swing, you can follow 6 and act only when there are clear conditions.
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Re: How many pairs do you really have at the same time?
I have a 6 watchlist, but I only operate if there's a signal in 2 or 3. Trying to operate is a recipe for making mistakes.
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Re: How many pairs do you really have at the same time?
I only see GBP/USD and NZD/USD. They have different behaviors and that gives me diversity without collapsing. Also, spread is reasonable.
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Re: How many pairs do you really have at the same time?
Those who operate 10 pairs are lying or losing money. You can’t be efficient with so much on screen. It’s not chess, it’s reaction in real time.
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Re: How many pairs do you really have at the same time?
And what about those who use correlations? I follow 6 pairs because 3 are opposite and 3 correlated. So I have a wider view without being saturated.
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Re: How many pairs do you really have at the same time?
Good question. I adjust according to volatility of the week. There are weeks that I only touch USD/CAD because it reacts very technical. Other times I move to exotic crosses if there are strong fundamentals.
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Re: How many pairs do you really have at the same time?
My daily strategy uses volume and volatility filters. If a pair doesn't meet the criteria, I don't touch it. It's that simple. I usually end up operating between 1 and 3 pairs per day.
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Re: How many pairs do you really have at the same time?
I operate whatever moves, no matter the name. If EUR/NOK is with low spread and clean trend, I enter. I have no favorites.
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Re: How many pairs do you really have at the same time?
It's dangerous to operate everything that moves.
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Re: How many pairs do you really have at the same time?
Thanks for this thread! You made me think about why I'm looking at 9 pairs as if it were a betting room.
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Re: How many pairs do you really have at the same time?
And those who only trade in gold and oil, does that count as pairs, too?
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Re: How many pairs do you really have at the same time?
I'm one of those, just XAU/USD, so I have enough adrenaline and opportunities every day.
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Re: How many pairs do you really have at the same time?
I like to follow 4: EUR/USD, USD/JPY, GBP/JPY and XAU/USD. Each has its own character and teaches me different things.
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Re: How many pairs do you really have at the same time?
4 pairs is fine if you have experience. For beginners, that’s like wanting to learn 4 languages at a time. You’re going to mix signals, emotions and mistakes.
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Re: How many pairs do you really have at the same time?
I trade only in London and NY. I only have serious volume in 3 or 4 pairs at that time. So what else?
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Re: How many pairs do you really have at the same time?
Bless simplicity! I used to kill myself by tracking 20 pairs with Excel, alerts, patterns... and I lost the same. Now only EUR/USD and GBP/USD.
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Re: How many pairs do you really have at the same time?
I have 8 pairs on screen but filter with a brutal checklist. If they do not meet 3 conditions, I do not look at them. So I stay with 2-3 good entries a day.
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Re: How many pairs do you really have at the same time?
I am trying to limit myself to just 1 pair for a whole week. It has given me a lot of clarity. Recommended!
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Re: How many pairs do you really have at the same time?
Anyone here doing day trading with exotic pairs? USD/TRY type or EUR/ZAR type. Is it worth it?
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Re: How many pairs do you really have at the same time?
Yes, but carefully. Exotics move a lot, but they also burst you with spreads and slippage. You have to have a decent broker and a clear strategy.
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Re: How many pairs do you really have at the same time?
I did scalping with USD/MXN and ended up with a broken soul. The movements were good, but the execution was not accompanying.
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Re: How many pairs do you really have at the same time?
The real question should be: how many pairs can you operate well without losing your head? If it is 1, make it 1. But do it right.
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Re: How many pairs do you really have at the same time?
I follow 5 pairs: 3 majors and 2 exotics. But I never enter more than 2 at a time. It’s like having a template, but I only align to those in shape.
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Re: How many pairs do you really have at the same time?
I follow EUR/USD to the death. I got tired of looking for the best pair when in reality the problem was my lack of focus.
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Re: How many pairs do you really have at the same time?
More than 4 pairs, for me, is already useless multitasking. I prefer depth rather than amplitude. That gives results.
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Re: How many pairs do you really have at the same time?
It depends a lot on whether you're dealing with indicators, price action or fundamentals.Some pairs react better to one approach than others.
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Re: How many pairs do you really have at the same time?
I let the economic calendar tell me what to follow every day. So I prioritize according to events, not according to tastes.
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Re: How many pairs do you really have at the same time?
Sometimes we force operations in pairs without volume or sense, just by routine. The calendar filters a lot.
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Re: How many pairs do you really have at the same time?
I have a rule: if I can't mentally draw the graph of the pair without looking at it, I don't operate it.
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Re: How many pairs do you really have at the same time?
The level of familiarity with an asset changes everything: management, execution and psychology.
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Re: How many pairs do you really have at the same time?
I went to the extreme: I have operated only USD/JPY for 6 months. I have not become rich, but I am more consistent than ever.
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Re: How many pairs do you really have at the same time?
USD/JPY is ideal for that. It has clear patterns, good liquidity and responds well to technicians. I find it an excellent choice to specialize.