Trading Plan Which Instrument to trade

1. In the morning (1 am) I look at which instrument was the strongest. On Wednesday pound, aussie dollar and yen where the strongest as they did already trade above yesterdays evening high. The Euro and Canadian Dollar did not.
   
2. Then I look at the overall trend, the 200 ema line is pointing clearly down on the YEN so it is not as bullish as the pound or the aussie dollar.
3. Once I found one or two bullish instruments, I drill down to the 10 Min Chart looking for low risk entries. So every 10 Min I evaluate the risk/reward calculation, which instrument is the better one to take.
4. On 2.30 am the Aussie dollar gave me an alert that price is now above a blue bar so I went long and on 2.40 am the Pound gave me the same alert, so I went long the pound.
5. From that point on I monitor the two instruments and trail the stop on the break of prior swing highs.