What's your favourite currency pairs to trade?

i now trade currency futures, not spot forex, they move almost pip-for-pip (tick-for-tick) the same, so it’s very similar, almost identical - the six differences are:-

  1. your broker is on your side, never against you, and wants you to win

  2. it’s a transparent market where every broker always has exactly the same prices, because prices are not set by the broker but by a real market

  3. regulation is much better and safer and funds better protected

  4. there’s effectively no spread and commissions are lower

but also

  1. it’s effectively the majors only (plus the indices, commodities, etc)

  2. realistically you need a few thousand, rather than a few hundred, to start, as micro-lots are not available

the futures i trade, myself, are equivalent to:-

first choice: EUR/USD

equal second choice: GBP/USD and AUS/AUD

also, but less often: NZD/USD, USD/CHF (with futures this one is CHF/USD) and USD/JPY (similarly this one is actually JPY/USD)

no retail or independent trader who trades for a living or is steadily profitable would continue to trade spot forex long term - that would just make absolutely no sense at all (unless perhaps they specifically traded obscure currencies for which there are no futures equivalents available)

price action only for entries, targets and stop-losses

but i do use moving averages as a directional bias, just to see the trends at a glance, and i look at the ATR to show me the volatility, so i’m not indicator-free

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