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what is the best pair in forex

  • #1
  • First Post: Jun 20, 2011 8:43am Jun 20, 2011 8:43am
hello, i like to know which pair follows technically analysis continuously, as though reading from a text book

thank you
  • #2
  • Jun 20, 2011 9:01am Jun 20, 2011 9:01am
it's like asking who is the most beautiful or who is the worst teacher in school:
it's relative.

each of us will be attracted to a particular pair/s.
  • #3
  • Jun 20, 2011 10:39am Jun 20, 2011 10:39am
Quoting supremeChaos
it's like asking who is the most beautiful or who is the worst teacher in school:
it's relative.

each of us will be attracted to a particular pair/s.
lol! thanx anyway - it was my friend who suggested this i.e. post a question on FF for this particular subject.
  • #4
  • Jun 20, 2011 11:11am Jun 20, 2011 11:11am
I've heard that gbp/usd is one of the most "technically correct" pairs at the moment. If I would have to choose only one pair to trade...that would be it. European/London open action, as well as GB news announcements are also the things I like&trade with this pair.
  • #5
  • Jun 20, 2011 11:19am Jun 20, 2011 11:19am
Quoting dn1pro
I've heard that gbp/usd is one of the most "technically correct" pairs at the moment. If I would have to choose only one pair to trade...that would be it. European/London open action, as well as GB news announcements are also the things I like&trade with this pair.
it's not enough to 'hear' about something & blindly follow.

this is a serious business.
u have to get your feet on the mud & do it yourself... research/study/practice yourself.
  • #6
  • Jun 20, 2011 12:21pm Jun 20, 2011 12:21pm
Exactly. Forex doesn't follow TA.
  • #7
  • Jun 20, 2011 12:23pm Jun 20, 2011 12:23pm
I would tell you that my mosts traded pair is usd/gbp, but there is no such thing as the best rated pair. All are the same.
  • #8
  • Edited 5:54pm Jun 20, 2011 5:37pm | Edited 5:54pm
Quoting sami29uk
hello, i like to know which pair follows technically analysis continuously, as though reading from a text book

thank you
All pairs can be traded with TA if you keep an eye on the basic fundamentals. For example the gbp/usd is great pair right now to trade TA because it has been ranging for the last 18 months. You can see the dip at the euro crisis last year. Just go study a weekly chart. When ever it breaks out of that range then wait to see what happens. The EUR/USD is very difficult to trade TA right now because the fundamentals between EURO default and USA bank crisis have been driving it up and down all over the place. It is a great pair to trade for those that trend trade. Knowing the basic fundamental that is moving the currency pair will help in how you should trade it. Gpb/Usd is a great pair right now to use TA with. The Euro is a great pair to watch the fundamental news story. Now that Greece is back on front stage you can watch the EURO drop if it continues to cause trouble. If they solve that problem then watch it rise again if the US goes into a second leg of its recession and tries QE3 then watch the dollar depreciate some more. If you see candles on the weekly chart and the candles are about the same size a pair is ranging. If you see large candles pushing price up or down then the pair is trending, being driven by strong news stories. Please see charts below.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd ranging.gif Size: 27 KB
Click to Enlarge Name: eurusd ranging.gif Size: 32 KB
  • #9
  • Jun 20, 2011 5:48pm Jun 20, 2011 5:48pm
This is a decent article on "Currency Personalities". http://www.gaincapital.com/files/Cur...der0905-BD.pdf
  • #10
  • Jun 20, 2011 7:33pm Jun 20, 2011 7:33pm
Quoting billflet
This is a decent article on "Currency Personalities". http://www.gaincapital.com/files/Cur...der0905-BD.pdf
It is a good article but the information is old. The banking crisis and possible govt. defaults have changed the scenario some. For instance the Eur/Usd has now become one of the most volatile pairs on the market when pre 2008 it was a lower volatility pair. But that does not negate the basic information of the article. See the quote below:


The most recent Bank for International Settlements (BIS)
triennial survey of the global foreign exchange market, conducted in April 2004, indicates the relative proportion of
volume among major currencies has remained mostly
steady since the surveys first began in 1989
  • #11
  • Jun 20, 2011 11:19pm Jun 20, 2011 11:19pm
Quoting nanningbob
It is a good article but the information is old. The banking crisis and possible govt. defaults have changed the scenario some. For instance the Eur/Usd has now become one of the most volatile pairs on the market when pre 2008 it was a lower volatility pair. But that does not negate the basic information of the article. See the quote below:


[color="Blue"]The most recent Bank for International Settlements (BIS)
triennial survey of the global foreign exchange market, conducted in April 2004, indicates the relative proportion...
True enough. The article was published in the September, 2005 issue of Currency Trader. So beware--the figures are outdated, but the article still illustrates how currencies behave differently.
  • #12
  • Jun 21, 2011 6:58am Jun 21, 2011 6:58am
Quoting billflet
True enough. The article was published in the September, 2005 issue of Currency Trader. So beware--the figures are outdated, but the article still illustrates how currencies behave differently.
I agree, the article is good solid information but dated. I am glad you posted it. I actually printed it out for further study. Maybe the author could update the article, that would be extremely useful information.
  • #13
  • Jun 21, 2011 8:02am Jun 21, 2011 8:02am
there is nothing like best pairs to trade....but most traded pairs are Eu and Gu.so they are most liquidate pairs.
Trade responsiblypatience is the key/Swing trader
  • #14
  • Edited 8:48am Jun 21, 2011 8:25am | Edited 8:48am
The one you best understand
Time hides Nothing
  • #15
  • Jun 22, 2011 5:25am Jun 22, 2011 5:25am
For me is the best pair EUR/USD. Enough volatility, low spread, high volume and big players.
  • #16
  • Last Post: Jun 22, 2011 9:31am Jun 22, 2011 9:31am
Cindy is right, when I trade in optionbit I use one I most understand. There is no right or wrong.
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