Best pairs to trade?
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Thread: Best pairs to trade?

  1. #1
    Spread aside, what do you consider to be the best pairs to exchange from a technical standpoint? The reason why I'm asking is because I have been avoiding JPY pairs because of a bad experience, but I am aware that I am overlooking some possibly excellent setups.

  2. #2
    Eurusd
    usdchf
    gbpusd
    usdjpy
    gbpjpy
    eurjpy
    usdcad

    in no particular order

  3. #3
    Okay then to rephrase, are JPY pairs especially neurotic or is it just me? I was wondering whether it is time that I retried them. I exchange on the daily charts, by the way and my transactions often persist for a couple of days so time daily isn't really a problem, though I do enter through the London / New York sessions.

  4. #4
    Quote Originally Posted by ;
    Ok subsequently to rephrase, are JPY pairs especially neurotic or is it only me? I was wondering whether it's time that I retried them. I trade on the daily charts, by the way and my transactions often last a couple of days so time of day isn't really a problem, though I really do input during the London / New York sessions.
    All pairs are a bit tricky at the moment (2012 was a ranging year) because of almost constant central bank involvement (currency wars) and market uncertainty but with the Yen it was necessarily true - in the past 10 - 15 years anyway. The gap since 2008/9 is that the interest rate differential has decreased and hence the yen carry trade blew up. A few hedge funds have shut and have already been having difficulties with these conditions.

    The BOJ and the government have vowed to devalue the Yen, with anything it requires. The daily has been been for the last 4 weeks over the 20 ma. I am not sure what your problem is if you're trading the daily.

  5. #5
    I've had some difficulties with the JPY pairs also. But when they trend, they trend the very best in my view. When they are in a range, you can get beat up pretty good. Check out USDJPY from July to mid Oct.. Look at it in mid October but current. One of my favourite pairs which nobody actually talks about is that the EURAUD. I trade it rather than the EURUSD. They basically do the same thing, but not as choppy. Presently, riding a 250 plus move at the moment. @ 60 % of my transactions involve this pair. I trade it about 4 distinct ways. The only other pair that I trade consistently is the NZDCAD. It is far down in the bottom so far as favorites, but I really do well with this and have not had an issue with liquidity. It is slow and steady, similar to the EURGBP, but less strain.

  6. #6
    Yes I like EURAUD also. I really do on AUDCHF, CADCHF, GBPCHF. I really don't understand why. GBPJPY've burnt me. Maybe I'll attempt USDJPY again. Although I exchange on the daily, I enter on the reduced timeframes and just have a 50pip SL, so maybe that is why I get into trouble with the yen pairs.

  7. #7
    Quote Originally Posted by ;
    Yes I Enjoy EURAUD also. I do on AUDCHF, CADCHF, GBPCHF. I really don't know why. I've been burnt badly by GBPJPY. Maybe I'll try USDJPY . Though I exchange on the daily, I put in on the reduced timeframes and just have a 50pip SL, so maybe that's the reason I get into trouble using all the yen pairs.
    Jen101 you need to think about using a multiple of the ATR (average true range) indior for your stop loss. For example the ATR(68) for Gbp/Jpy is 130 but for Eur/Aud it is just 80.

  8. #8
    I use atr for TP. I did use atr for SL, but I realised that when a trade was planning to go belly up, it'd be evident by the time I was about 40 pips down, regardless of what the pair. I use 50 pips because I risk 2.5% per trade and 50 pips makes it simple to calculate too Also it didn't seem correct that I need to get a smaller lot dimensions for some of the greater trending pairs since they have a higher atr.

  9. #9
    Hi all,.
    There's no best pair to exchange, all of the pairs must go through the flip of expending, consolidating, ecececec.... It occur on all TF chart, normally we will discount H1 and below consoliting because of it is a waste of time looking at the chart. So, stay away from that particular pair is under consolidating.
    The largest yield is from J show in the event that you learnt how to monitor the chart.

  10. #10
    Every pair have good time and bad times

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