If you could choose 4, 6 or 8 pairs, which would they be? | Forex Factory

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If you could choose 4, 6 or 8 pairs, which would they be?

  • Poll

  • If you could choose 4, 6, 8 pairs to trade, which would they be?
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  • #1
  • First Post: Oct 30, 2008 4:30pm Oct 30, 2008 4:30pm
If you could choose 4, 6 or 8 pairs, which would they be?

for reasons of correlation or success rate or otherwise??



JTD
pessimism of the intellect and optimism of the will
  • #2
  • Oct 30, 2008 4:41pm Oct 30, 2008 4:41pm
Is there another reason apart from success?
The breaking of a wave cannot explain the whole sea.
  • #3
  • Oct 30, 2008 4:52pm Oct 30, 2008 4:52pm
Quoting Craig
Is there another reason apart from success?
Lol, well sinse your being a smart guy I'll try'n out-smart the smartie,

I meant success in an individual pair. I have found it to be true that my overall success (among all the pairs put together) is greater when I trade not say my 6 best which are correlated but say my 4 best and 2 others which are uncorrelated.

You should do the poll


JTD
pessimism of the intellect and optimism of the will
  • #4
  • Oct 31, 2008 1:13am Oct 31, 2008 1:13am
I take your point.
My comment was motivated by a conversation I had with a very successful trader, I asked him about correlation of this systems, to paraphrase his response 'who cares if they are all making money!'.
The breaking of a wave cannot explain the whole sea.
  • #5
  • Oct 31, 2008 1:19am Oct 31, 2008 1:19am
Volatility is it for me: GBP/USD, GBP/JPY, EUR/AUD, GBP/CHF, EUR/JPY, CAD/JPY. CAD/CHF.
Never underestimate the powers of the Force.
  • #6
  • Oct 31, 2008 1:37am Oct 31, 2008 1:37am
Cost of trade (spread) relative to similar costs in other tangential products (futures), only 2 candidates: EUR/USD and USD/JPY.

To all of those actually paying these 5-15 pip spreads in other pairs, thanks for keeping the market liquid.
  • #7
  • Last Post: Oct 31, 2008 2:22am Oct 31, 2008 2:22am
Hi,

If you would like to know the big picture (in precise numbers) go to:

http://www.bis.org/publ/rpfxf07a.pdf

Bank fir International Settlements,

click on statistics, foreign exchange, related information, page 58.

regards
daytrading
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