In refining my strategy, I'm gleaning through several successful traders' logs. It appears that the most successful traders trade only a single pair.
My current strategy uses (among other things) a modified MACD. I screen about 4 pairs that I use, waiting for an indicator from the MACD (which has proven to be quite predictable). I will switch up pairs week to week.
What are the benefits of staying with a single currency pair? I don't want to buck the trend, if successful traders stay with EURUSD or Cable, I can try that strategy. But a little discussion would be helpful.
Thx.
My current strategy uses (among other things) a modified MACD. I screen about 4 pairs that I use, waiting for an indicator from the MACD (which has proven to be quite predictable). I will switch up pairs week to week.
What are the benefits of staying with a single currency pair? I don't want to buck the trend, if successful traders stay with EURUSD or Cable, I can try that strategy. But a little discussion would be helpful.
Thx.