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Which pair do you use?
Oct 05, 2013 at 21:13
Mitglied seit Sep 17, 2013
8 Posts
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?
Mitglied seit Sep 27, 2013
3 Posts
Mitglied seit Jun 03, 2010
675 Posts
Mitglied seit Oct 20, 2012
16 Posts
Oct 07, 2013 at 12:56
(bearbeitet Oct 07, 2013 at 12:58)
Mitglied seit Oct 20, 2012
16 Posts
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 :)
Oct 08, 2013 at 08:08
Mitglied seit Mar 13, 2013
155 Posts
pairs that I use his AUDJPY, AUDUSD, EURJPY, EURUSD, GBPUSD, USDCHF and XAUUSD
if you want to see the results go to the link attached piece
if you want to see the results go to the link attached piece
Mitglied seit Oct 02, 2013
1 Posts
Oct 08, 2013 at 18:57
Mitglied seit Oct 02, 2013
1 Posts
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!
Mitglied seit Nov 12, 2013
4 Posts
Jan 16, 2022 at 15:46
Mitglied seit Jul 19, 2020
749 Posts
Traumer posted:
USDJPY, GBPUSD, USDCAD, GBPJPY. Trying not spread my attention for too many pairs, maybe with the time I'll get more skillful
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.
Mitglied seit Dec 11, 2021
3 Posts
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323 Posts
Jan 26, 2022 at 15:01
Mitglied seit Jul 04, 2020
18 Posts
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.

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