Sorry to bug you. I am spending my day reading through a whole...

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pukunui

113 Posts.

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24/02/19

15:05

Post #: 37547042
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Originally posted by RickM: ↑

Hi Pukunui

All pair are targeted by big players so there is no advantage in picking a pair with lower volume of transactions. In fact, the more Liquid the pair, the safer it is to trade which is why most experts tip the Major pairs as the best to trade.

It is better to trade a pair that is heavily manipulated by a big player 100% of the time over a Exotic Pair that is only manipulated 50% of the time.
The reason is the moves will be consistent and more tradeable, setups will have a higher win rate.

However saying that, I am looking to trade pairs where I can see their manipulation very easily and where I can understand what there plans are.
Pairs I have on my M1 Charts are -

GBPUSD /   GBPJPY /   GBPNZD (The Beast) /   EURUSD /   EURAUD /   EURNZD /   EURCAD / EURJPY
USDCAD / USDJPY /   AUDUSD    / AUDJPY /   USDMXN /    DAX    /   GOLD

On my H4 / Day Charts - I minus DAX / USDMXN   and add CADJPY /   NZDJPY /   AUDCAD /   AUDNZD

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Sorry to bug you. I am spending my day reading through a whole lot of past posts on here.

You mention monthly lines fairly frequently. Could I please clarify exactly what you are referring to?

Also, with regards to trading the beast, I have seen 100+ pip spikes on the M5 more times than I can count. Do you have any comment on these?

When trading such a volatile pair do you just adjust the position size and stop loss according to these potential sharp spikes and take the ADR into account?
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