Hello traders! So you’ve read numerous Lessons from the Pros newsletters, been to an Online Trading Academy class or three, watched the Hour with the Pros archived videos, watched archived Extended Learning Track videos, and watched dozens of those XLT’s live. Your trading plan is robust, perhaps 6 or 8 pages long. Anytime you send one of your instructors an email, no longer are their responses correcting mistakes or pointing out things that you missed, but now they are writing you things like “Congrats, that is exactly how to trade, I took that trade as well!” You are well on your way to being a pro yourself.
In your trading plan you have chosen to trade up to two positions at a time. Because you have looked at hundreds if not thousands of different charts over your trading career, some of the often repeated patterns are jumping out at you and you know exactly what you are looking for. The basics of our core strategy – longer term charts for trend, medium term charts for supply and demand levels to join the trend, small time frames to fine tune your entry-are burned into your brain. So which currency pair will you choose to trade right now? Whichever is at the “best” level for your trading style. A few minutes or hours go by, and you want to add another trade to your portfolio. Do some pairs make more sense than others, and are there some pairs to perhaps avoid? Which should you choose?
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