TREND: Which Pairs to Watch? | Forex Factory

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TREND: Which Pairs to Watch?

  • #1
  • First Post: Jun 17, 2007 7:32am Jun 17, 2007 7:32am
I want to zero in on maybe two or three pairs. I am all over the place now. As per Jacko I will watch Eur/USD. Maybe if its good enough for him I should just watch that pair?? What are the best pairs to watch for a trend trader?

thanks

Generalz
  • #2
  • Jun 17, 2007 8:03am Jun 17, 2007 8:03am
Trends occur in all currency pairs. I think it's pointless to stick to one currency pair searching for trends. Instead, comb many currency pairs (and time frames) searching for trending scenarios.
  • #3
  • Jun 17, 2007 8:59am Jun 17, 2007 8:59am
Any JPY pair except CHF/JPY.
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #4
  • Jun 17, 2007 11:26am Jun 17, 2007 11:26am
Quoting WTB
Trends occur in all currency pairs. I think it's pointless to stick to one currency pair searching for trends. Instead, comb many currency pairs (and time frames) searching for trending scenarios.
Nice point.
凹凸 only
  • #5
  • Jun 17, 2007 11:36am Jun 17, 2007 11:36am
i would suggest to look at 2-3 pairs in the beginning and once u r confident enough to guess how they would behave next, then move on to few other currency pairs. Each pair has its own characteristics and if u choose to look at 20 pairs, u would lose track of which pair would be doing what. if u concentrate on 2-3 pairs and spend 4-5 mnths studying their movements, their range, what they depend on and all that, it becomes easier to trade them.
  • #6
  • Jun 17, 2007 2:21pm Jun 17, 2007 2:21pm
personally i like to trend-trade eurusd, usdjpy and gbpusd. monitoring 3 currency pairs is not that hard, however i would not recommend you more than 3
Twitter: @forexpokerpro
  • #7
  • Jun 17, 2007 3:52pm Jun 17, 2007 3:52pm
Quoting WTB
Trends occur in all currency pairs. I think it's pointless to stick to one currency pair searching for trends. Instead, comb many currency pairs (and time frames) searching for trending scenarios.
Certainly in the beginning, new traders should limit their focus lest they be overwhelmed. But at some point, I believe that approach eventually works against you.

Who would have wanted to miss the long ride down with USD/CAD or the upward rise of NZD/USD in recent weeks? There's no way that I'd want to ignore more than half of the market.
  • #8
  • Oct 20, 2015 1:19pm Oct 20, 2015 1:19pm
Quoting WTB
Trends occur in all currency pairs. I think it's pointless to stick to one currency pair searching for trends. Instead, comb many currency pairs (and time frames) searching for trending scenarios.
agreed.if trader trades manually,human error can crept in when pairs are too much.findig optimum no of pairs is key
-CKB
  • #9
  • Last Post: Oct 20, 2015 1:38pm Oct 20, 2015 1:38pm
Quoting generalz
What are the best pairs to watch for a trend trader?

Opinions (both about which ones, and about whether or not that's a good approach) differ very widely indeed - as I think is already starting to be shown from some of the initial replies, above.

All it "goes to show" is that different approaches and techniques suit different people.

Personally, I concentrate on EUR/USD and GBP/USD, and sometimes look additionally at USD/CAD (which can certainly trend nicely) and USD/CHF. I tend to avoid JPY pairs and especially GBP/JPY, and I don't like the spreads on AUD and NZD pairs.
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