What's a good Forex to trade?

C

chiefraven

Hey guys,

If i'm a candlestick guy and wants to find a good forex instrument to trade via the 2min or 3min chart, what are some of the best forex instruments?

I have checked out a lot of the forex charts, but tons of them are choppy, or have low liquidity it seems... and there's a gap every other candle. =\
 
anyone familiar with this website and its correlation tables?
I found this url link from niha's STR manual.

it shows the 1hour and 1day correlation....

now i know lots of you look at all the GBP or all the EUR, or all USD for divergence..
like USDJPY USDCHF..... or GBPCHF GBPJPY....

however, judging by the tables, it seems that this is not the most efficient way sometimes... at least correlation percentage wise..

also.... i'm assuming we should probably use the daily correlation table from that site? since 1h correlation might be too identical to our trading instrument? so daily might be better?


what do you guys think?
 
trade any pair and fade the double 00's - doesnt always work but when it does - whoa nelly!

i.e - this year EUR.USD approached 1.4900 twice and each time it sold off over 100 pips!

Never risk more than 15 - 20 pips. Great risk to reward ratio!
 
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