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The best Pairs to Trade?

  • #241
  • Jun 27, 2018 9:00pm Jun 27, 2018 9:00pm
Quoting mlawson71
{quote} Which scheduled news events do you usually trade?
Almost all of news events especially NFP (my favorite one).
  • #242
  • Jun 28, 2018 9:10am Jun 28, 2018 9:10am
Quoting ZikriIrfan
{quote} Almost all of news events especially NFP (my favorite one).
The NFP has been terribly anti-climactic in the past year or so, do you scalp it?
  • #243
  • Jun 28, 2018 6:54pm Jun 28, 2018 6:54pm
EURUSD - lowest spread so means that it is the easiest to break even on.
  • #244
  • Jun 28, 2018 8:17pm Jun 28, 2018 8:17pm
Quoting mlawson71
{quote} The NFP has been terribly anti-climactic in the past year or so, do you scalp it?
Yes, I do scalping! Besides, I agree with you, the profit ratio was much high on 2008-2012 session.
  • #245
  • Jun 29, 2018 1:57am Jun 29, 2018 1:57am
@ZikriIrfan,
Are you a pure news trader or you place some trades in between news releases as well?
  • #246
  • Jun 29, 2018 6:48am Jun 29, 2018 6:48am
Quoting UlliC
@ZikriIrfan, Are you a pure news trader or you place some trades in between news releases as well?

Technical analysis is my major; but I would like to use news trading opportunities as well.
  • #247
  • Jun 29, 2018 8:51am Jun 29, 2018 8:51am
Hi,

To experienced traders out there:

I am a rookie, trading for 6 months. I trade the 4h chart, and use the daily to look at long-term lows/highs, and the 1h chart for entries (and sometimes exits). I trade the major pairs and some crossovers (ten in total).

The question I have is: Do you guys trade exotic pairs and does it make sense to trade them, considering I use a higher time frame?


Cheers y'all, thank you for engaging in discussion and contributing
  • #248
  • Jun 29, 2018 9:42am Jun 29, 2018 9:42am
I prefer to scalp EURUSD on High Impact news
Attached Image
  • #249
  • Jun 29, 2018 9:55am Jun 29, 2018 9:55am
Quoting ZikriIrfan
{quote} Yes, I do scalping! Besides, I agree with you, the profit ratio was much high on 2008-2012 session.
I admire you then, I don't have the courage to do news trading, let alone scalp news events.
  • #250
  • Jun 29, 2018 10:02am Jun 29, 2018 10:02am
Quoting DwainUK
I prefer to scalp EURUSD on High Impact news {image}

What timeframe are you scalping on?
  • #251
  • Jun 29, 2018 10:36am Jun 29, 2018 10:36am
Quoting kenny4real
I trade EURUSD Only because that's the pair I'm comfortable with!
Yes, it is the right approach of trading. Trade the pair that you are comfortable with. It's all about what you understand the most. Every pair has its own unique characteristics. Learn one by one. Don't apply same strategy to all pairs.
  • #252
  • Jun 29, 2018 10:52am Jun 29, 2018 10:52am
Right. Don't apply the same strategy and get familiar with the pairs, and if I decide to go exotic, add one pair first and get familiar with it.
  • #253
  • Jun 29, 2018 10:00pm Jun 29, 2018 10:00pm
Quoting mlawson71
{quote} I admire you then, I don't have the courage to do news trading, let alone scalp news events.
Thanks mate; yes news trading is always challenging and I use half trading lots according to my plan.
  • #254
  • Jul 2, 2018 9:51am Jul 2, 2018 9:51am
Quoting ZikriIrfan
{quote} Thanks mate; yes news trading is always challenging and I use half trading lots according to my plan.
Then you're braver than I am, I usually go in with 0.25 lots and that's about it.
  • #255
  • Jul 3, 2018 8:46am Jul 3, 2018 8:46am
Hi,

I prefer to choose certain pairs for specific time frames:

Some examples:

AUDCAD, GBPCHF, BUND - D1
EURUSD, EURGBP - H4
GBPUSD, USDCAD, - h1
  • #256
  • Jul 3, 2018 9:03am Jul 3, 2018 9:03am
Quoting swingtrader-
Hi, I prefer to choose certain pairs for specific time frames: Some examples: AUDCAD, GBPCHF, BUND - D1 EURUSD, EURGBP - H4 GBPUSD, USDCAD, - h1
Why do you prefer those time frames for these pairs?
  • #257
  • Jul 3, 2018 11:10am Jul 3, 2018 11:10am
Quoting mlawson71
{quote} Why do you prefer those time frames for these pairs?
As these pairs are very trendeble in those specific timeframes and I want to find a turning point and go with a trend.
Secondly, these pairs tend to reach at least my main goal that is ratio R:R 3:1 of candle formations.

Anyway, GBPUSD is also very nice in H4 as well and is my best pair ever. This is probably becasue it gets the biggest of Forex Factory RED data releases. This week for example there are 3 X GBP and 4 X USD big, red data releases in Forex Factory. This is also why this pair perfect for H1 time frame as there are lots of macro triggers.

I did attached some screenshots of AUDCAD, GBPCHF in D1 from the beginning of this year (nice consistent trends) and GBPUSD in H1 for the last 3-4 days (nice consistent trends in H1 with almost exact ratio from the bottom 3:1).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDCAD.png Size: 12 KB
Click to Enlarge Name: GBPCHF.png Size: 12 KB
Click to Enlarge Name: GBPUSD.png Size: 11 KB
  • #258
  • Jul 4, 2018 5:39am Jul 4, 2018 5:39am
Quoting mlawson71
{quote} Then you're braver than I am, I usually go in with 0.25 lots and that's about it.
Nice plan, I really appreciate it! I am sure, gradually you’ll improve & increase the number.
  • #259
  • Jul 4, 2018 9:59am Jul 4, 2018 9:59am
Quoting ZikriIrfan
{quote} Nice plan, I really appreciate it! I am sure, gradually you’ll improve & increase the number.
That's the idea. But for now I am comfortable with that lot and I won't be changing it in the near future.
  • #260
  • Jul 4, 2018 11:57am Jul 4, 2018 11:57am
Quoting mlawson71
{quote} That's the idea. But for now I am comfortable with that lot and I won't be changing it in the near future.
Okay, and then go for it! Hope for the best.
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