I did many experiments on pair trading strategies and more. But, finally now I just traded in two pairs, that is EUR / USD and EUR / JPY. Of two of the most dynamic market is EUR / JPY, and I collect more pips on EUR / JPY.
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I did many experiments on pair trading strategies and more. But, finally now I just traded in two pairs, that is EUR / USD and EUR / JPY. Of two of the most dynamic market is EUR / JPY, and I collect more pips on EUR / JPY.
In my sense i think that ,i use two strategies, but until now, I change it was old and not very productive I anticipate I pasteurization to change and update it's outgo to commencement trade. I use them to trade with the EU and EJ by combine tenfold indicator .
Trading 3 pairs is good if you are making continous profit from the three pairs. If you can follow and successfully analyse three pairs, then it means that when one pair is in consolidation, you can continue trading the other two pairs to make good profits from it.
I have to strategies now an using them both . but every one on separate account . I know I should use one only but I will take my time to see what is the best between them
I often pair trading in the Euro / USD, GBP / USD and Euro / GBP. The third movement of the pair was fairly easy to predict and intertwined with each other. And strategies that I use, just scalping. By using Stoch and MACD indicators.
But i don't think that USDJPY is better for the new traders becuase the movement of that pair is too slow. When i was newbie i did trade with that pair but it takes much time to hit our TP level even if your analysis is good. EU and GU both are good.
---------- Post added at 07:20 PM ---------- Previous post was at 07:15 PM ----------
G han jb hum kisi ak pair py he focus krty hen tu hamen market main enter hony ki opportunities kam kam he milti hen aur hum kisi weak signal py b market main enter ho jaty hen jo hmary liye loss la skti hy. 2 ya 3 pairs py focus krny main koi problem nahi kiun k ic sy jyada chances mil jaen gy market main in hony k.
Mjy ak trader ny kaha hy k agr apk pass koi ak strategy hy aur wo boht kam ki hy tu apko hamesha uski k sath attach rhna chahye aur usi ko use krna chahye but mery khyal sy ye bat theek nhi hy hamen new strategies ko learn krty rhna chahye.
Well, I don't like following many pairs because that makes me confused. I like to trade EUR/USD the most. I may trade AUD or NZD vs USD. I set my indicaters and draw my trend lines, then I wait till a good signal is formed. At this time I open my positions and close my trading terminal. I come back after a couple of hours to check my positions. I feel good with these pairs and my trading plan..
These two pairs are good for trading i advice you to add aud/usd too because its also nice pair and to understand its movement is easy. And you should use stochastic oscillator too, its good indicator
Yeah EU is the favorite pair of most traders because the movement of that pair is very good, no need to wait for the long time to get your profit if you have opend the positions on right place. I too like to trade with EU and the 2nd one is AUD/USD its also good.