I have been trading FX now for over 10 months and I believe that I have the trend following, trade entry, and most of the exit strategy solidified to what will be successful in making money. I have tested out my trading strategy and the results are decent. But I realize that in testing, I am always going to be focused as each bar is pushed along in 1 or 2 second intervals until my entry set up shows. I would enter the test trade, apply my money mgmt rules. I always have decent results which shows that my system and risk mgmt is good.
But in real trading, you are not looking at every 1 minute bar all the time so I divided my results by 3 (8 hour trading day) to get the a more realistic result and realized that I wouldn't make much in terms of a living trading 1 pair for 8 hours a day. So...of course you would like to trade as many pairs as possible to multiply the results. The problem is --- how many can I track without diluting my attention?? I noticed before I was tracking 25 to 30 pairs by putting in alerts and floating around to the alerts. But I found that I was just too distracted thinking about missing a better set up. I was not trading enough traking too many things. I was tracking more than I was trading.
I would like to get input on what everyone is tracking in these terms:
1. How many pairs do you track
2. What are the best pairs to track for the best opportunities (spread, movement)
Your input would be really helpful to my insight.
But in real trading, you are not looking at every 1 minute bar all the time so I divided my results by 3 (8 hour trading day) to get the a more realistic result and realized that I wouldn't make much in terms of a living trading 1 pair for 8 hours a day. So...of course you would like to trade as many pairs as possible to multiply the results. The problem is --- how many can I track without diluting my attention?? I noticed before I was tracking 25 to 30 pairs by putting in alerts and floating around to the alerts. But I found that I was just too distracted thinking about missing a better set up. I was not trading enough traking too many things. I was tracking more than I was trading.
I would like to get input on what everyone is tracking in these terms:
1. How many pairs do you track
2. What are the best pairs to track for the best opportunities (spread, movement)
Your input would be really helpful to my insight.