Your favorite trading pairs!!!

HeeraThakur

Newbie
7 0
Hey guys what are youre favorite trading pairs and why? :) I want to focus on a few charts where I can follow my chartings for some months. Currently watching EUR/USD GBP/USD EUR/JPY obviously I trade them because I live in EU timezone, also I like the way the candles go in impulsive zones at the mentioned charts and beeing a part of a economic gigantic battle between big sharks and us the small fishes arround is cool :p
 

doodz

Newbie
4 0
my fav are gbpjpy & usdcad, they're always volatile good to pick up pips here and there.
 

Pat494

Legendary member
13,271 1,278
My fav pairs are the ones showing obvious trend activity.
So much easier to forecast for a profit.
 
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NVP

Legendary member
36,297 1,789
my fav are gbpjpy & usdcad, they're always volatile good to pick up pips here and there.

the GBPJPY is The dude for action..........combines 2 of the mot serious volaile currencies in the G8

CADs not too bad either ......us session best for that critter to flame on......
 

hatemypips

Well-known member
315 11
Hey guys what are youre favorite trading pairs and why? :) I want to focus on a few charts where I can follow my chartings for some months. Currently watching EUR/USD GBP/USD EUR/JPY obviously I trade them because I live in EU timezone, also I like the way the candles go in impulsive zones at the mentioned charts and beeing a part of a economic gigantic battle between big sharks and us the small fishes arround is cool :p
Well I don't have "favorite pairs" in terms of my emotional attitude to them, but I trade instruments which choice I somehow substantiated. For example, in forex my trading approach requires liquidity and volatility, that's why I trade majors. Some pairs can be characterized with some unique factor which drives their movement. For example for USDRUB it is carry trade flows vs. EM asset risks. Such information gives you additional vector of research (like factors which help to identify primary factors). This is how the notion of "favorite" is applied in my trading.
 

CertainWay

Junior member
32 8
There are so many pairs and it's best to restrict yourself to perhaps 2 or a maximum of 4. Again this could vary according to one's temperament.

I personally follow EURUSD, GBPUSD, USDJPY and USDCAD. You should be deciding what time frame you are going to be focusing upon and go through price action for most pairs and decide what suits your personality. Which one's have smooth trends and which ones are violent?Which ones are too slow for you? You see?

IF you have already identified a method to trade then you could focus on less pairs to begin with. Once you feel confident(this is relative; you should be doing manual back testing of your method to help you develop absolute confidence in your method so that during market hours(if you intend to day trade) you don't use valuable time for analysis as much as become mechanical and simply trade your patterns/methods). As your confidence begins to go up with a series of history of wins then you can begin to focus on more pairs. Less in general is always better the way I have found it over time.

Another option for you(say you have a structure or a plan in place to do your homework or end of the day/week/month, etc analysis)is to go through all pairs and find which ones are setting up as per your method and focus only on them the next day. In other words which markets are ready to take off or ripe for exits out of congestion? Which ones might continue their trend runs? Which are the ones that might be going into a range bound mode?

Find those markets that suits your temperaement, your method and ultimately your sanity and stick with them.
Good Luck
 
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