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Originally Posted by Soul-Trader2004
yup, cant stand a pair that moves about 1 pip a day lol (or at least it feels like that.
Forget candlestick patterns - just look at the current candlestick and how price is moving it - i dont like patterns but i do like doji's - especially long legged ones - - anything long shadowed shows a rejection. - its not the rejection candle to trade tho, it's the one that closes above / below it.
EURGBP - why don't i trade it - why would i allocate money to trade a slow moving pair when there is more action elsewhere - why pay £5 to go and watch a boring movie when you can go watch some alien busting sci-fi flick for the same price - which one gives you more faster?
basically if I were trading 4 hour charts i would look for volatility of 400-800+ pips per swing with a swing lasting no more than 7 - 10 days on average. swings in eurgbp are a hundred pips tops and last weeks - a waste of my resources.
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The dollar value per pip of eurgbp is greater than all other liquid pairs.