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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I only see GBP/USD and NZD/USD. They have different behaviors and that gives me diversity without collapsing. Also, spread is reasonable.
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.
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.
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.
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.
I operate whatever moves, no matter the name. If EUR/NOK is with low spread and clean trend, I enter. I have no favorites.
It's dangerous to operate everything that moves.
Thanks for this thread! You made me think about why I'm looking at 9 pairs as if it were a betting room.
And those who only trade in gold and oil, does that count as pairs, too?
I'm one of those, just XAU/USD, so I have enough adrenaline and opportunities every day.