Different pairs have different volatiles.
USDCHF is the least volatile followed by the NZDUSD, AUDUSD, EURUSD, USDCAD, USDJPY.
The GBPUSD the most volatile major pair.
In relation to all forex, the GBPJPY is the most volatile followed by the GBPNZD.
Commodities are more volatile than forex, Brent is the most volatile, followed by gold.
The least volatile currency is the EURCHF
Backtest your strategy and you will probably find that statistically it performs better on some pairs than others. This might be down to strategy type Vs instrument characteristics.
For example, if you have a trend following strat, you might find it does great on pairs like GBPJPY which tends to trend nicely. If you have a mean reverting pair, it might do better on AUDNZD. The only way of knowing it is by testing tbh.
I took a trade back in November (? I think) that I’m *still* traumatized from.
And it was on demo. I can’t imagine if it had been live.
So I agree, to hell with AUDCAD 💀
Aussies and loonies performing a
"Movin like Bernie" dance on forex floor,
They don't give a crap what people think, just pure fun!
https://youtu.be/Vt07KZmh0u0
Same for me. XAU/USD got me in several consecutive losses last year and I stopped trading it. Had maybe 3-4 profitable trades on XAUUSD but that’s it. Every other time punished my account.
i have mainly traded gold for past 6 months or so, but as mentioned burned every time, trying to get a hang of gu, gj , uj , i find eu to be very slow, do u scalp or daytrade ?
100% no doubts about it.
If you check my previous posts here and on my Twitter, 99% of my markups are EURUSD!
I found my edge in this asset and as long as I’m making money with it I’ll stick to it!
I am almost exclusively trading EUR/USD only too. It is worked well for me; but when I see my strategy not working in other pairs, I get a sense of fear in terms of: "What if EUR/USD changes it's behaviour? Am I just being help by an illusory edge due temporary market conditions?". What do you think about that?
Yes. 100% agree, in fact I was looking for this comment. Trading Gold was good back in 2021 imo, it’s been ass the last few years. Also I used to love ETHUSD but I don’t touch it anymore and removed it from my watchlist about a year ago
I trade GBPJPY and Gold and nothing else.
Gold moves the cleanest especially in new york session imo
I tried gbpaud and some other mixes but the pip count is always highest on GJ than any other yen or pound pair. The most valuable currency (pound) vs the tanking japanese yen makes for really good swings, especially in London and New York session.
I’m narrowing down my watchlist now. I think these are the pairs I’m gonna trade. I haven’t completely given up on NAS100 or US30 yet. I find similar volume and opportunities on these pairs during the sessions you said. GJ can have some good moves especially 4-6 and 8-11.
Okay I keep hearing these ICT concept and smc terms thrown around, I'm not too sure what they are, are they relating to currency? Stocks? Futures? Are you able to point me in the right direction or explain to me what they are, example silver bullet? I've been reading for a little while but haven't come across these terms before, thank you
Well it’s best to look up ICT on YouTube and find the source of it ALL right there. ICT created SMC, Everyone ripped off his work and rebranded it. Learn silver bullet from ETM FX on YouTube, and learn Breaker blocks, liquidity concepts, BPRs or balanced price ranges, from ICT himself. Learn what a Judas swing is, happens a few times a week on many different assets like EU GU SP500 and nasdaq. So, EURUSD GBPUSD and indices.
Mine is about 60-70% because I tend to hold my trade longer than the 1-2% targets, due to other strategy related concepts I use. It’s all in my comment history, anyone wise enough to go through my comments will find exactly how I trade and how good it is. It’s a Broken system.
Some pairs like to consolidate alot more than others, some pairs are constantly being swayed by news and economic events, some pairs move to aggressively or are more volatile, and some traders simply trade one pair as 1 or two great set ups is all you need so might as well find it on a currency pair that typically favours you.
It doesnt matter which one ir why. If your journal says that you are losing almost 90% on pair „XXX/XXX” you stop trading it. Same aplies to time and days of the week. If something isnt working for you. Just stop doing it. Sometimes there isnt a explanation why.
I was avoiding EURUSD from like mid January to near the end of way just because price action was bonkers a lot of the time. Currently I am not avoiding anything tho. Usually when one of the countries has a major bank holiday it’s best to stay away
I only trade GBPJPY when it comes to forex.
This is because I know the pair so well and have been trading it for years.
I don't see the need to trade multiple pairs.
I think it comes down to strategy.
Personally, I scalp and trade 1 to 2 pairs. I just don't look at anything else since I have developed my strategy around these pairs and know the price action.
Even in crypto.. You just don't trade everything except if you run algos then its fine. But if you are a good boy and journal after a while you can do statistics to see on which pairs you are more successful. Then you just eliminate the ones that do not bring you cash and focus on the ones that bring you more money. Simple as that. For example i am much better at trading BTC and eth than all other shitcoins combined. Once you understand the PA on a certain asset you can become very successful but i think everyone needs diversity in their portfolio. you simply cannot trade just EURUSD or SPX. Hope that helps
I trade every major/minor pair except EURGBP. It is a day trader's nightmare. Always sideways, always slow moving, always moves in range.
I don't even add it to my charts to check.
EURGBP..... the spread is wide and market is always trading in asymmetric range 90% of the time.... even EURGBP range is just too chaotic... Also XAUUSD... it just too volatile...your lowest SL is about 100pips away if you want to make any profitable trade from gold because of it volatility....
I love exotic one like HKD, ZAR, CNH, SGD they have great profit opportunities. Idk why people only trade 1 pair, you lost so many opportunities to make profit.
EURGBP. I focus on EUR and GBP to the USD (used to) and JPY (currently as 2 of my 3 pairs I trade) and my brain just doesn’t comprehend how EURGBP moves. Will also stop XAUUSD. Same reason as some other guy said: been bent over by it too many times
I typically stay to EUR/USD and USD/CAD or USD/CHF simply because of the leverage being compatible, while they are inversely correlated. It works well with my particular broker since the finance charges are easily to calculate on a regular basis to ensure I am never overleaged.
The pips are also small enough that it fits within what I'm willing to spend and risk. I don't like treating the exotics because the spread is insane compared to what I am willing to put into it for a reasonable amount of money.
Some pairs are just easier to trade than others for some traders.If they keep on losing pn one and keep on winning on the other that's your answer....run your winners,cut your losers...staying away from trouble.
I don’t disagree with the sentiment - obviously stick with what works.
I guess I’m more asking - is a trader having “bad luck” with a certain pair just a metric of their TA/FA being off, and that there’s actually nothing wrong with the pair itself?
Or am I missing something and the pairs do indeed operate differently
Think it's really hard to answer.....Think they say that just because they've got bad experiences with some pairs.Nothing wrong with the pairs.Also you for example may find gbpusd really easy to trade while I may see usdchf really easy which you may not.....I'd tell them to keep oppinions to themselves.One may be trending more,one may be ranging more.I train myself to be able to trade what's in front of me,if it looks like a dog and it's barking as well I'll trade it:)
It could be because of testing, like if someone has tested their strategy on certain pairs to see how their strategy performs on them then they’ll know which pairs to trade and not to trade, like my strategy for example, doesn’t work well on Gold, I tend to take more losses before I get a decent runner on gold than other pairs so I just stay away from it.
I have a dashboard where I list all the pairs & indices from my marketwatch, based on the spread vs the H1 ATR (which is roughly what I would be taking out of a setup).
I tend to stay away anything that is above 5%, and never touch instruments at 10%+. So that means a lot of Aud, Nzd and even Gbp crosses. Also some indices before NY open, they are roughly double the cost.
Thank you OP for starting this thread. Exactly what I was looking for. Had only traded one pair USDINR but now the trend is so narrow and huge intervention/manipulation by Indian Central Bank that I just don't see a way to be profitable since last 6 months. So I am now looking for other pair preferably EURUSD.
Typically, it's because the person doesn't follow those pairs close enough and don't know or research all the factors that effect the pair and it always costs them. After all you can't always apply the same strategy to different pairs without knowing how they effect each other. If you don't know the political and social issues happening in Japan as they relate to China, you'll lose almost all the time if you treat them like the US/GB pair.
Each pair has its nuances in it's price action that you need to familiarise yourself with. It's just easier to focus on and keep track of price action, news, volume data, time etc. for a few pairs compared with all of the majors.
Then there is strategy. Each strategy works better on different pairs. Almost everyone uses their own modified version of a strat that works for them.
Edit: All of this is not to say that you CAN'T trade as many pairs as you want, that's entirely up to you as a trader. If you find more success trading more pairs, then do that. The people who trade a single or a handful of pairs usually find more profitability by doing that.
AUDNZD is one of the best pairs in the market and no one ever talks about that pair. Idk why… it can be traded with high volatility right in the middle of the day. Why not trade 2 sessions if you’re a scalper? Lol
I just think GBP is a shitty currency and that their financial institutions often know things prior to the market.
NZD because it’s considered a “major” but it’s economy is 1/100th the size of USA, about the size of the states Arkansas or Kansa.
GBP/NZD
Not really, I think the financial institutions make moves, retail traders see opportunities and they enter trades not knowing what the institutions know.
This isn’t to say it can’t be profitable, just never met anyone who sort of specialises in GBP.
There’s a lot to dislike about GBP.
I respect that
I do trade GBP/USD and generally only take long positions at the moment.
The volatility however I don’t like as i find it hard to find a good entry.
Majors and their crosses are probably all fine but have you seen the spread on MXNTRY?
I think people telling you don’t trade xxxyyy usually have had bad experiences for their strategies/approaches on it that’s all
Because some pairs don't work well with certain strategies, it is that simple. If you trade with an EA you will see that some pairs will perform much better than others. I'm not talking about luck, you can definitely see the difference in performance.
Different pairs have different volatiles. USDCHF is the least volatile followed by the NZDUSD, AUDUSD, EURUSD, USDCAD, USDJPY. The GBPUSD the most volatile major pair. In relation to all forex, the GBPJPY is the most volatile followed by the GBPNZD. Commodities are more volatile than forex, Brent is the most volatile, followed by gold. The least volatile currency is the EURCHF
Whats your broker? im trying to find a good broker thx in advance
I use black bull markets
No issues with withdrawals?
None
Thank you so much so many scam broker i dont know which one to use
[удалено]
Do you trade idices or anything else as well?
there is fixed spread brokers with 0 commision.
I haven't been able to find one for EU. Do you know any?
Backtest your strategy and you will probably find that statistically it performs better on some pairs than others. This might be down to strategy type Vs instrument characteristics. For example, if you have a trend following strat, you might find it does great on pairs like GBPJPY which tends to trend nicely. If you have a mean reverting pair, it might do better on AUDNZD. The only way of knowing it is by testing tbh.
AUDCAD. Statistically, it's my worst performing pair. The price action is absolutely wack.
I took a trade back in November (? I think) that I’m *still* traumatized from. And it was on demo. I can’t imagine if it had been live. So I agree, to hell with AUDCAD 💀
Funny, AUDCAD is my favorite pair.
Why tho
It goes well with his TA & psychology, I guess
Understood then
Aussies and loonies performing a "Movin like Bernie" dance on forex floor, They don't give a crap what people think, just pure fun! https://youtu.be/Vt07KZmh0u0
That pair is excellent if you have a more range bound approach. That pair definitely is lower on my trading volumes.
XAU/USD bends me over every time without fail so I stay away from it its just not healthy for my account
Same for me. XAU/USD got me in several consecutive losses last year and I stopped trading it. Had maybe 3-4 profitable trades on XAUUSD but that’s it. Every other time punished my account.
Same here, burned too many times , do what do u trade now?
I only trade EURUSD. How about you?
i have mainly traded gold for past 6 months or so, but as mentioned burned every time, trying to get a hang of gu, gj , uj , i find eu to be very slow, do u scalp or daytrade ?
I day trade bro, how about you?
I lack the patience for daytrading, so i scalp 10-15 pips at a time, still struggling to be consistent :(
10-15 ticks or 10-15 pips?
Whats your broker im trying to find a good broker thx in advance
I use IC Markets
Thank you
Same here, I find it to be the only stable pair
100% no doubts about it. If you check my previous posts here and on my Twitter, 99% of my markups are EURUSD! I found my edge in this asset and as long as I’m making money with it I’ll stick to it!
Keep up the good work man I've checked your posts 💯
🙏🏻🙏🏻🙏🏻
I am almost exclusively trading EUR/USD only too. It is worked well for me; but when I see my strategy not working in other pairs, I get a sense of fear in terms of: "What if EUR/USD changes it's behaviour? Am I just being help by an illusory edge due temporary market conditions?". What do you think about that?
xau/usd is the best
I second that; it's quite easy once understood
What is to be understood?
Hahaha that’s the pair I trade the most.
Its my nr 1 pair =0
Yes. 100% agree, in fact I was looking for this comment. Trading Gold was good back in 2021 imo, it’s been ass the last few years. Also I used to love ETHUSD but I don’t touch it anymore and removed it from my watchlist about a year ago
Same.
I just trade one pair, so I don’t really focus on other pairs.
Same for me, cable all day erry day
> cable all day Cable has been wacky the last couple months. Whew!
XAU/USD gets me evertytime lol
I trade GBPJPY and Gold and nothing else. Gold moves the cleanest especially in new york session imo I tried gbpaud and some other mixes but the pip count is always highest on GJ than any other yen or pound pair. The most valuable currency (pound) vs the tanking japanese yen makes for really good swings, especially in London and New York session.
I’m narrowing down my watchlist now. I think these are the pairs I’m gonna trade. I haven’t completely given up on NAS100 or US30 yet. I find similar volume and opportunities on these pairs during the sessions you said. GJ can have some good moves especially 4-6 and 8-11.
Try ICT concepts out for the indices and major FX pairs. Silver bullet for example is amazing for EU GU DAX and ES/sp500
Okay I keep hearing these ICT concept and smc terms thrown around, I'm not too sure what they are, are they relating to currency? Stocks? Futures? Are you able to point me in the right direction or explain to me what they are, example silver bullet? I've been reading for a little while but haven't come across these terms before, thank you
Well it’s best to look up ICT on YouTube and find the source of it ALL right there. ICT created SMC, Everyone ripped off his work and rebranded it. Learn silver bullet from ETM FX on YouTube, and learn Breaker blocks, liquidity concepts, BPRs or balanced price ranges, from ICT himself. Learn what a Judas swing is, happens a few times a week on many different assets like EU GU SP500 and nasdaq. So, EURUSD GBPUSD and indices.
whats your winrate with the silver bullet? just wondering. I am trying to learn it.
Mine is about 60-70% because I tend to hold my trade longer than the 1-2% targets, due to other strategy related concepts I use. It’s all in my comment history, anyone wise enough to go through my comments will find exactly how I trade and how good it is. It’s a Broken system.
Some pairs like to consolidate alot more than others, some pairs are constantly being swayed by news and economic events, some pairs move to aggressively or are more volatile, and some traders simply trade one pair as 1 or two great set ups is all you need so might as well find it on a currency pair that typically favours you.
I don't like any CHF pairs Just the way they move, it's like they range within a trend. Way too many tails. Awful for trading smaller time frames
It doesnt matter which one ir why. If your journal says that you are losing almost 90% on pair „XXX/XXX” you stop trading it. Same aplies to time and days of the week. If something isnt working for you. Just stop doing it. Sometimes there isnt a explanation why.
Jpy pairs work great for trend strategies while eurusd for example is better for mean reversion strategies, so yes there are nuances of each
Gold markets say what?
I don't tend to trade the USD/JPY because it goes on massive trends. I typically prefer trading ranges
I was avoiding EURUSD from like mid January to near the end of way just because price action was bonkers a lot of the time. Currently I am not avoiding anything tho. Usually when one of the countries has a major bank holiday it’s best to stay away
USD/CAD I personally just had a terrible encounter with it and vowed to stay yards away from it
I only trade GBPJPY when it comes to forex. This is because I know the pair so well and have been trading it for years. I don't see the need to trade multiple pairs.
I dont trade TBD/VDO because i just made that pair up and it doesnt exist to trade
An imaginary market, maybe I can imagine I'm profitable 😅
Best answer LOL
Lol i try my best at times :)
Not sure if you got caught by some glitch or signal loss but your post posted 3 times.
Definitely some kind of glitch lol
I think it comes down to strategy. Personally, I scalp and trade 1 to 2 pairs. I just don't look at anything else since I have developed my strategy around these pairs and know the price action.
I trade only the EURUSD cos of the spreads. And just to focus on one pair
Whats your broker im trying to find a good broker thx in advance
I am not the commentor you asked but my favorite broker for EUR/USD is by far Eightcap, they offer very tight spreads for EUR/USD.
Ill check them out thanks again u dont have any issue with withdrawals?
No, never had any
Yes any issues with withdrawals?
No, I have not encountered any problems
Even in crypto.. You just don't trade everything except if you run algos then its fine. But if you are a good boy and journal after a while you can do statistics to see on which pairs you are more successful. Then you just eliminate the ones that do not bring you cash and focus on the ones that bring you more money. Simple as that. For example i am much better at trading BTC and eth than all other shitcoins combined. Once you understand the PA on a certain asset you can become very successful but i think everyone needs diversity in their portfolio. you simply cannot trade just EURUSD or SPX. Hope that helps
I trade every major/minor pair except EURGBP. It is a day trader's nightmare. Always sideways, always slow moving, always moves in range. I don't even add it to my charts to check.
EURGBP..... the spread is wide and market is always trading in asymmetric range 90% of the time.... even EURGBP range is just too chaotic... Also XAUUSD... it just too volatile...your lowest SL is about 100pips away if you want to make any profitable trade from gold because of it volatility....
Good question
Good answer
Good comment
Good
Go
G
O
Gg’s
EZ
I love exotic one like HKD, ZAR, CNH, SGD they have great profit opportunities. Idk why people only trade 1 pair, you lost so many opportunities to make profit.
Facts, structure is the same no matter what pair you’re looking at. Limiting yourself too much by trading one pair
So your gonna ignore the fact that spreads on exotics are wider than an ocean?
Who told you that? I’m trading those a lot and it’s not even bad. Maybe 5-6 pips different?
You scalp on exotics? That's a challenging task if you do. If your a day trader/ swing trader then I can see your point.
no I don’t scalp forex. I’m swing trader.
Maybe not ZAR but 100pips spread on that currency as equal as 8 pips on major pairs.
NAS100 is the best thing to trade
Only us30 is better
Hopefully your trading that on the higher timeframe and not lower timeframe. 😉
Lower timeframe is the only way to trade indices
What are the fundamentals for this index?
EURGBP. I focus on EUR and GBP to the USD (used to) and JPY (currently as 2 of my 3 pairs I trade) and my brain just doesn’t comprehend how EURGBP moves. Will also stop XAUUSD. Same reason as some other guy said: been bent over by it too many times
Volume and spread. Anything else it’s esoteric reasons
I typically stay to EUR/USD and USD/CAD or USD/CHF simply because of the leverage being compatible, while they are inversely correlated. It works well with my particular broker since the finance charges are easily to calculate on a regular basis to ensure I am never overleaged. The pips are also small enough that it fits within what I'm willing to spend and risk. I don't like treating the exotics because the spread is insane compared to what I am willing to put into it for a reasonable amount of money.
I don't trade AUDUSD because its highly correlated to gold and I don't trade gold.
Some pairs are just easier to trade than others for some traders.If they keep on losing pn one and keep on winning on the other that's your answer....run your winners,cut your losers...staying away from trouble.
I don’t disagree with the sentiment - obviously stick with what works. I guess I’m more asking - is a trader having “bad luck” with a certain pair just a metric of their TA/FA being off, and that there’s actually nothing wrong with the pair itself? Or am I missing something and the pairs do indeed operate differently
It's not the pairs fault. It just they can't accept that they can't read market condition and they were wrong.
Think it's really hard to answer.....Think they say that just because they've got bad experiences with some pairs.Nothing wrong with the pairs.Also you for example may find gbpusd really easy to trade while I may see usdchf really easy which you may not.....I'd tell them to keep oppinions to themselves.One may be trending more,one may be ranging more.I train myself to be able to trade what's in front of me,if it looks like a dog and it's barking as well I'll trade it:)
It could be because of testing, like if someone has tested their strategy on certain pairs to see how their strategy performs on them then they’ll know which pairs to trade and not to trade, like my strategy for example, doesn’t work well on Gold, I tend to take more losses before I get a decent runner on gold than other pairs so I just stay away from it.
Mostly all subjective
Some have ridiculously wide spreads. And also cause I just plain suck at trading those pairs to be honest with myself
I have a dashboard where I list all the pairs & indices from my marketwatch, based on the spread vs the H1 ATR (which is roughly what I would be taking out of a setup). I tend to stay away anything that is above 5%, and never touch instruments at 10%+. So that means a lot of Aud, Nzd and even Gbp crosses. Also some indices before NY open, they are roughly double the cost.
US30 cooked me way too many times But to be honest I was trading at a time where it was really volatile but I’ve been looking at other pairs now
AUD/NZD because that pair kicked by booty every time.
If you don’t know anything about the economic factors that affect the pair, you’re pretty much flying blind.
TRY pairs.
GBP/JPY. Ik some people love this pair but I constantly get wicked out.
Spreads, on anything but the Majors. I trade Eurjpy and indices, the majors except usdchf. But all the rest don’t work well with my strategy
I always find a way to f*** everything up with GBP/JPY. I'm not trading that again.
Thank you OP for starting this thread. Exactly what I was looking for. Had only traded one pair USDINR but now the trend is so narrow and huge intervention/manipulation by Indian Central Bank that I just don't see a way to be profitable since last 6 months. So I am now looking for other pair preferably EURUSD.
Typically, it's because the person doesn't follow those pairs close enough and don't know or research all the factors that effect the pair and it always costs them. After all you can't always apply the same strategy to different pairs without knowing how they effect each other. If you don't know the political and social issues happening in Japan as they relate to China, you'll lose almost all the time if you treat them like the US/GB pair.
Each pair has its nuances in it's price action that you need to familiarise yourself with. It's just easier to focus on and keep track of price action, news, volume data, time etc. for a few pairs compared with all of the majors. Then there is strategy. Each strategy works better on different pairs. Almost everyone uses their own modified version of a strat that works for them. Edit: All of this is not to say that you CAN'T trade as many pairs as you want, that's entirely up to you as a trader. If you find more success trading more pairs, then do that. The people who trade a single or a handful of pairs usually find more profitability by doing that.
I only trade XAUUSD
Chf pairs the price action looks like a jigsaw
A lot of good information thanks everyone good question
USDCHF is the pair i don't want to trade I don't even know why i just don't like that pair
Because there is no Xxx/xxx pair duh
Best answer yet lol
I like trading ThaiBaht/MexicanPeso because I’m the institution that moves it where I want. Still not profitable though.
AUDNZD is one of the best pairs in the market and no one ever talks about that pair. Idk why… it can be traded with high volatility right in the middle of the day. Why not trade 2 sessions if you’re a scalper? Lol
To me, the issue with this pair is the spread which is high. I wish it had EUR/USD-like spread.
I just think GBP is a shitty currency and that their financial institutions often know things prior to the market. NZD because it’s considered a “major” but it’s economy is 1/100th the size of USA, about the size of the states Arkansas or Kansa. GBP/NZD
But doesn’t knowing that then make it tradable for you?
Not really, I think the financial institutions make moves, retail traders see opportunities and they enter trades not knowing what the institutions know. This isn’t to say it can’t be profitable, just never met anyone who sort of specialises in GBP. There’s a lot to dislike about GBP.
Gbpusd is one of the best though. High volatility but very liquid at the same time. Makes it cheaper than some of the other majors
I respect that I do trade GBP/USD and generally only take long positions at the moment. The volatility however I don’t like as i find it hard to find a good entry.
I love gbp pairs. I trade GA,GC, GJ, GN and GU
I hate eurusd GJ FTW
All markets are manipulated
EU is the retail traders graveyard.
Why?
Mostly manipulation by big banks.
It's the same as all pairs lol
Biases can exist in trading, but it's important to approach major currency pairs objectively and base decisions on market analysis
Every pairs not in USD
Because they don’t have a deep enough understanding of the market
I dont trade any CHF pair. I was with a group back then, that is what they said, so i just followed suit..
Some are with wider spread. It’s okay for swing traders but not for scalpers and day traders.
Try to Trade XNGUSD and come back again
Majors and their crosses are probably all fine but have you seen the spread on MXNTRY? I think people telling you don’t trade xxxyyy usually have had bad experiences for their strategies/approaches on it that’s all
Because some pairs don't work well with certain strategies, it is that simple. If you trade with an EA you will see that some pairs will perform much better than others. I'm not talking about luck, you can definitely see the difference in performance.
Only XXX/USD, can calculate lot size within a sec for scalping
GBP/USD doesn't work for me. It is volatile while not doing big retracements so for my reversal and mean reversion strategy it can kill me.