A few years ago my attention was almost totally devoted to three different projects.
I was also day-trading Euro-Dollar CFD’S on the side.
This could have been a very stupid idea.
I didn’t have a lot of time to watch the markets. I’d make my call and take my positions, always entering a target and stop loss, at the inception of every new trade.
Maybe once a day, I glanced at the rates for less than five minutes, I closed a trade or and looked at the possibility of opening a new position.
During this spell, I chalked up twenty successful trades in a row. My best every run.
The reason I believe! Neglect!
Over thinking a position is futile.
Some of the greatest sportspeople have not been wonderful speakers or students.
They have been gifted with an exceptional talent, which they didn’t over-think when the pressure was on.
With so many complex forces that can change the direction of a currency, it is easy to get lost in the ‘what if’s’. Or consider too many variables, which leaves you what I call an impotent strategy.
Your theory may sound clever, but it's about as useful as an umbrella in an avalanche.