Top currencies that gives clear price action | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Price Pattern Notifications/Trend Alert Price Action Scanner 7 replies

Price Activity indicator (not Price Action) 7 replies

House price data price action 1 reply

Need indicator that gives you an alarm when price touches the MA 2 replies

Top currencies that gives clear price action

  • #21
  • Apr 22, 2013 7:05am Apr 22, 2013 7:05am
Quoting Eagleprice
{quote} Try Plotting S and R Levels in AUD/USD it will be clear where the market is heading more often we miss major actions in aussie due to the timings
Personally I really love to trade AU. Not only because of the clear direction but also give me the time to take trade slowly.
  • #22
  • Apr 22, 2013 7:40am Apr 22, 2013 7:40am
Quoting Parox
{quote} Personally I really love to trade AU. Not only because of the clear direction but also give me the time to take trade slowly.
I agree with you Aussie is one of the best pairs gives clear indication about price and obeys fundamentals better lot of big shots go for a carry trade with aussie because of the interest rate that makes the pair a little bit special but I often miss the news reports and big moves because of one reason they release the data around 6-7 early morning in my timezone some times even 5 early morning datas include like unemployment,RBA minutes, Trade balance etc while taking a look the move is already started but I am lucky because my strategies involve trading in daily time frame and h4 for a closer look still i will be able to catch the movement.I am wondering how europeans and Americans trading the aussie with strategies like news breakout etc
  • #23
  • Apr 22, 2013 8:26am Apr 22, 2013 8:26am
GBPJPY, hands down.
  • #24
  • Apr 23, 2013 11:07pm Apr 23, 2013 11:07pm
Look at USD/UHF. Very clear direction recently
  • #25
  • Apr 24, 2013 12:06am Apr 24, 2013 12:06am
Quoting WilliamDa
Look at USD/UHF. Very clear direction recently
USD/UHF or USD/CHF ?
  • #26
  • May 2, 2013 1:58am May 2, 2013 1:58am
Any update on currencies giving clear prediction at current movement ?
  • #27
  • May 2, 2013 2:24am May 2, 2013 2:24am
Price action, well, price movement is subject to interpretation isn't it ?

What you see is not what I see. If what you look for is not well defined in some markets surely that is you, not the markets.
  • #28
  • May 2, 2013 2:34am May 2, 2013 2:34am
Quoting canada
Price action, well, price movement is subject to interpretation isn't it ? What you see is not what I see. If what you look for is not well defined in some markets surely that is you, not the markets.
Hi Canada yes indeed its subject to interpretation but resistance and support levels are common to all to all.
Yea to an experienced eye, its possible to look at the market and three different things that a newbie would never see
or notice of these...
  • #29
  • May 3, 2013 8:11am May 3, 2013 8:11am
to be honest! no such currency behaves like that. if there was we would all trade it and make tones of money! there are no certainties in the FX world that's why not a lot of people become full time traders instead of doctors. with EXP and patience you wil find pairs with behave in a manor that your mind and compute and is comfortable trading. the currency pairs I FEEL behaves well are the

yen crosses
the AUD
  • #30
  • May 3, 2013 1:12pm May 3, 2013 1:12pm
Just observe 1 single pair and you will know how it behaves in different situation and react to news. Then you have to make a proper risk to reward ratio and follow your system. You cannot be right all the time but you will be most of the time.
  • #31
  • May 26, 2013 11:48am May 26, 2013 11:48am
What about the JPY pairs? Their price action is not clear or they are too unpredictable. I have seen the movement of EURJPY and GBPJPY and they are just crazy at times.
  • #32
  • May 27, 2013 1:11am May 27, 2013 1:11am
Quoting hedging
What about the JPY pairs? Their price action is not clear or they are too unpredictable. I have seen the movement of EURJPY and GBPJPY and they are just crazy at times.
Current theme for JPY is not good,Japanese have officially gone insane
  • #33
  • May 27, 2013 6:43am May 27, 2013 6:43am
Reading this thread, I think a lot of traders lose sight of what a currency pair actually is. Each individual currency has its own quirks and characteristics - the people who buy and sell large sums of AUD are very different to the people who buy and sell large sums of JPY or USD. Learn the behaviors of each individual currency - who moves it and why, a currency pair is simply two of these sets of behaviors added together.
si hoc legere scis nimium eruditionis habes
  • #34
  • May 29, 2013 12:20am May 29, 2013 12:20am
Most of the majors give clear price action signals. Its because as they are traded widely, a huge number of traders go with those signals and trade in line with that price action signal. So market tend to move in that flow.
  • #35
  • May 29, 2013 7:45pm May 29, 2013 7:45pm
EUR/USD, GBP/USD is what i have tried a lot and it does hold well in the support and resistance level and thus one may try to trade in these currency pairs to play technically.
  • #36
  • Jun 12, 2013 11:09pm Jun 12, 2013 11:09pm
If you are a good trader of price action then you can use this strategy in any currency pair you like. Even is exotic pairs, you can trade using price action strategy.
  • #37
  • Jun 15, 2013 12:42pm Jun 15, 2013 12:42pm
the EURUSD has been an ass for the better part part of this year....but USDJPY has been rolling also EURAUD...that shows why specialization is dangerous .
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #38
  • Jul 12, 2013 10:48am Jul 12, 2013 10:48am
If you are going to use higher time frames then you can see more clear price action on most of the pairs. But there are many other things that you have to keep in mind besides only following price action.
  • #39
  • Jul 12, 2013 5:37pm Jul 12, 2013 5:37pm
Would go with EUR/USD and cable..the rest does not always pan out as expected.
  • #40
  • Jul 13, 2013 1:19am Jul 13, 2013 1:19am
Quoting Forexnuts
Would go with EUR/USD and cable..the rest does not always pan out as expected.

Yes, Agree. But sometimes Yen pairs also may give much clearer direction
0 traders viewing now