Which pair do you use?
Oct 05, 2013 at 21:13
What currency pairs are your favorite when you trade Forex? I prefer EUR/USD and GBP/JPY. The first is very popular, and therefore fairly predictable, while GBP/JPY has a very high Intraday volatility, which allows you to earn many pips.
What do you say?
What do you say?
Member Since Sep 27, 2013
3 posts
Oct 06, 2013 at 08:45
GU is one of my favorite :)
Member Since Jun 03, 2010
696 posts
Oct 07, 2013 at 12:44
GU / EU / UJ / GJ
:)
:)
PAMM MANAGER // Professional Fund Manager
Member Since Oct 20, 2012
16 posts
Oct 07, 2013 at 12:56
(edited Oct 07, 2013 at 12:58)
Hi,
You don't have to focus on a one single currency pair because you won't always have trading opportunities on it. Instead, you have to always monitor several currency pairs so you can trade the pair that represents the highest probality win according to your system. Let's say for example that :
- Your system consist in trading the 4 hours chart.
- Once you have a candle pattern ( Example : Bearish engulfing candle ), The RSI should be overbought ( Above 80-90 )
- Once the conditions above are united, you need for example to have the price trading below the 100 MA on the 1 hour chart
- You will be taking your signal from the stochastics cross on the 4 hours chart.
If you are focusing on eur/usd or any other pair, you won't have a lot of opportunities. On the other hand, if you are trading several currency pairs, you can search for the one that is uniting the most elements of your system and you can trade it normally.
If you need to know more, you can follow me on fb : www.facebook.com/fxtradingexpert and twitter www.twitter.com/fxtradingexpert .
If you wish to have forex trading signals, all you have to do is to subscribe to our services : https://www.forex-trading-expert.com/premium-forex-trading-services/premium-forex-trading-signals/
Safe trade and good luck :)
You don't have to focus on a one single currency pair because you won't always have trading opportunities on it. Instead, you have to always monitor several currency pairs so you can trade the pair that represents the highest probality win according to your system. Let's say for example that :
- Your system consist in trading the 4 hours chart.
- Once you have a candle pattern ( Example : Bearish engulfing candle ), The RSI should be overbought ( Above 80-90 )
- Once the conditions above are united, you need for example to have the price trading below the 100 MA on the 1 hour chart
- You will be taking your signal from the stochastics cross on the 4 hours chart.
If you are focusing on eur/usd or any other pair, you won't have a lot of opportunities. On the other hand, if you are trading several currency pairs, you can search for the one that is uniting the most elements of your system and you can trade it normally.
If you need to know more, you can follow me on fb : www.facebook.com/fxtradingexpert and twitter www.twitter.com/fxtradingexpert .
If you wish to have forex trading signals, all you have to do is to subscribe to our services : https://www.forex-trading-expert.com/premium-forex-trading-services/premium-forex-trading-signals/
Safe trade and good luck :)
Member Since Oct 02, 2013
1 posts
Oct 08, 2013 at 18:57
I trade all of the following pairs and consistently make around 30 to 50 pips per day on average.
EURUSD,GBPUSD,AUDUSD,NZDUSD,USDCAD,USDCHF,USDJPY,EURJPY,GBPJPY,AUDJPY,NZDJPY,CADJPY,CHFJPY,EURAUD,EURNZD,EURCAD,GBPAUD,AUDCAD,AUDNZD,AUDCHF,GBPCHF,GBPCAD
As for favorites I don't really have any per se, though if I had to choose I would say eurjpy and audjpy are two that I like trading due to their unique characteristics and volatility.
A robust trading system will work well across all pairs, though you will have to adjust your risk accordingly.
EURUSD,GBPUSD,AUDUSD,NZDUSD,USDCAD,USDCHF,USDJPY,EURJPY,GBPJPY,AUDJPY,NZDJPY,CADJPY,CHFJPY,EURAUD,EURNZD,EURCAD,GBPAUD,AUDCAD,AUDNZD,AUDCHF,GBPCHF,GBPCAD
As for favorites I don't really have any per se, though if I had to choose I would say eurjpy and audjpy are two that I like trading due to their unique characteristics and volatility.
A robust trading system will work well across all pairs, though you will have to adjust your risk accordingly.
Money can't buy you happiness... but poverty can't buy you anything!
Member Since Nov 12, 2013
5 posts
Nov 12, 2013 at 10:59
AUDUSD also USDPLZ
Jan 16, 2022 at 15:46
Traumer posted:It is important to take the time to comprehend the dynamics of a pair. Each pair has its own specific motion pattern. Without spending any time with it you won't be able to figure these patterns.
USDJPY, GBPUSD, USDCAD, GBPJPY. Trying not spread my attention for too many pairs, maybe with the time I'll get more skillful
Member Since Dec 11, 2021
5 posts
Jan 18, 2022 at 17:31
XAUUSD has got to be one of my favourite pairs to trade especially with a stronger dollar coming into play.
Other than that I do love the volatility of GBPJPY and EURUSD too.
Other than that I do love the volatility of GBPJPY and EURUSD too.
Oh it just hit my TP.
Member Since Aug 04, 2014
66 posts
Jan 19, 2022 at 03:20
(edited Jan 19, 2022 at 03:20)
For me there is no any favorite pairs, i monitor major and major pairs + xauusd, Whichever has the best situation
Member Since Oct 29, 2021
70 posts
Jan 20, 2022 at 06:26
I prefer to trade with major pairs like EURUSD, GBPUSD, USDCHF, etc. They are liquid enough to trade with small sizes, and volatility is present, but not too much to make you uncomfortable.
Member Since Jun 26, 2020
327 posts
Jan 26, 2022 at 07:15
at the moment i am trading with USD/JPY, it will continue for a while
Jan 26, 2022 at 15:01
For three years I have tried many currency pairs. I have tried all majors and nearly all cross pairs. As of now I can say that USD/JPY is my favorite currency pair and I try to stay away from EUR/USD because this pair usually brings me losses.
