Today, I want to show you my favorite FX pairs. I am showing you my main workspace this week.
These are my favorite FX pairs that seem to give constant results. One of the problems with FX is that there are so many pairs. So, I stay focused and just look at these on any time frame.
Look at the 15 minute Fatman on the right of the chart which shows the pairs with the lowest risk of trading. I look at the extremes.
Look right at the end of the day to see the British pound (brown line) became overbought and the Aussie dollar (red line) started to rise from oversold, as was the CHF.
I suggest you don’t trade the CHF as it has a large margin requirement.
If you change this chart to 30 minutes the same powerful setups are there. Remember the Fatman changes to 90 minute.
It still amazes me how the Fatman hits the trades on any time frame – right on the nail.
We demonstrate this and many other methods in our live demonstration room held every Wednesday, and this is open to everyone. Click this link for more information or to join us in class.
4 Replies to “My Favorite FX Pairs”
Nigel, I can’t see the names of the pairs, please tell me which ones.tks, judyt
Sorry about that! The pairs are
GBPUSD, GBPJPY, GBPNZD, GBPAUD
USDCAD, USDJPY, NZDUSD, AUDUSD
My favorite pair is GBP/USD. Its movement is always regular. We find price movement almost every trading day. The two currencies are equally strong comparing with one another.
I agree… there are just too many currency pairs and it’s best to just focus on a few favorites and just sit back and wait for the perfect trade setup to come to you. I tried trading every move I saw in the beginning but now after a few years and blown accounts, I have learned to focus and trade the opportunities that I am comfortable with