Hi everyone I just figured out that trading currency crosses suits better to me. I like how they respect support and resistance and their smoother trends.
So I’d like to know how and why you pick one (cross) pair and how you trade it or what system you use to trade CC
I’ve found my most profitable pairs are AUD/USD, EUR/JPY, USD/JPY as they are (usually) reliable trend pairs.
For long-term trades I select those pairs with consistent trends, and get in with a trend-following long or short position.
There’s nothing highly technical about identifying trends, its just noting progressions of higher highs plus higher lows, or lower highs plus lower lows, and the sequence of price, shorter-term moving average and longer-term moving average.
nice! i noticed EUR/JPY and AUD/JPY are very trendy too