Pairs That Trend Well

Anyone suggest the pairs that trend really well? Most of the pairs I see are ranging as eventually all pairs do, however if your using a trend/counter trend based system which pairs would you select? Would the JPY pairs qualify?

It depends on what you use to guage market conditions and on which t/f's...It is true to say that in forex the 'major' pairings trend well for a good proprtion of the time, and I guess that this trueism is probably derived from observation of the longer t/f's like Daily and longer ?

For me, I use overall price action (opa)-peak/valley analysis to judge wether a market is trending or ranging on any particular t/f and where a market is not classically ranging or trending per opa analysis then looking at the ma's may suggest what the overall sentiment is on a particular t/f.

I don't think you can be any more specific than that. When a market is trending - get with the trend and when it is ranging - get with the range - ie have set-ups that can make you productive in both market conditions on the t/f (s) of your choice.

G/L

Pipsaholic said:

Anyone suggest the pairs that trend really well? Most of the pairs I see are ranging as eventually all pairs do, however if your using a trend/counter trend based system which pairs would you select? Would the JPY pairs qualify?

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Yeah, good idea BB adapt to the situation ranging or trending. I use the 4 hour MA's to determine a trend 30, 50, 100 if it comes near or breaks a 100 SMA level I consider the trend to be over and no trade.

I will have a read at the (opa)-peak/valley analysis.

Thanks.

Define "trend" !

An instrument can be said to be 'classically trending' when there is a succession of fractal price swing HH's and HL's (uptrend) / fractal swing LL's and LH's (downtrend) on a given t/f (s.) When an instrument is not classically trending it may be still be moving in a 'general direction' and this can be detrmined with the help of ma's, their relationship to each other, and price's relationship to them. For eg the use of say a 25 and 50sma where 25sma is crossed below the 50sma and price is below both could be said to be a 'general down trend.' If price is not classically trending or otherwise generally trending it is then classically 'ranging,' ie a succession of seemingly random HH's HL's H's, L's, LL's and LH's within defined price extremes.

Others may determine trend differently...but essentially we are all looking to determine the same thing - the overall direction of travel/market biais in order to find the highest probability trading opportunities acepting that;

a. Price tends to continue trending once a trend is established and,

b. When trending, price tends to move in impulsive (with trend direction) 'waves' and corrective (pullbacks.)

G/L

counter_violent said:

Define "trend" !

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1hr gbpusd is classically ranging now between 5464-5557.

I define a trend direction firstly looking far left as far back where the slope up/down started on my analysis chart setup. I then use trend line angles 45 degree angles up/down switch to a line chart to see harmonic zig zag swings HH's, HL's, LL's HL'S. I determine the strength of the trend by the amount of bounces off upper/lower trend lines knowing that the more bounces the weaker price action will be.

I also investigate where the previous trend ended so I can determine where the new trend starts. I use multiple time frame analysis to see trends within trends to see if they confirm each other or counter each other.

I want to say there is no pair that always trend well. Well trend of pair may be for some times and I prefer to EUR/USD.

My personal opinion is trade whatever is working! I trade a basket of currencies, indices, and some commodities. I am also a trend trader so rather than adapt to trading conditions which do not suit. I just keep my options open and trade whatever is working. I use price action, pivots and moving averages to dictate trend for me. I am a discretionary rule based trader.