Hi there,
I’m relatively new to forex trading and could use your opinions on which currency pairs to trade. I use chart patterns to enter and exit trades and since my account balance is still small, I need to trade on the shorter timeframe to minimize losses. This basically means that I have to be monitoring the trade in front of the computer from start to end.
I’ve noticed that for most pairs, the time interval of around 3AM - 9AM EST is when the biggest moves tend to happen; not necessarily when the biggest volume is, but that’s when price moves the farthest. This is unfortunate for me since I live in the west coast at PST. Thus, I’ll most likely be sleeping when most pairs make their biggest moves.
Do you guys have any recommendation/opinions on which pairs have a tendency to make a big move at an earlier timeframe, say 7PM - 3AM EST?
Any thoughts or advice would be appreciated.
Thanks.