EUR/JPY..is this the best pair to trade ?

[Levendi]

Hi Traders,

I have been looking at the eur/jpy and it seems to have less wipshaw/noise than most other currency pairs yet it has a reasonable trading range of pips everyday.

My question is to the traders who trade this pair can you please share some insight or of any information regarding trading the eur/jpy.

Regards -Levendi

[astro]

I don't trade it, but one look at the chart and you can tell it's a nasty pair.
No "typical" market price action which suggests that this pair has low trading volume which can be dangerous...

I'd stay with the majors

Astro

[Levendi]

Thanks for your reply.

By looking at the charts i got the impression that it's actually an easy pair to trade Trends as it seems to have an easy entry/exit points and ok trading volume.

[bobnat]

Originally Posted by Levendi

Thanks for your reply.

By looking at the charts i got the impression that it's actually an easy pair to trade Trends as it seems to have an easy entry/exit points and ok trading volume.

Go ask SoundFx about trading the yen crosses. He's got a lot of experience with their "nature".

Nat

[Levendi]

Thanks Bobnat

When you say "crosses" do you mean Moving Averages crossovers ?, and how do i get in touch with SoundFx ?

Regards

[wowcrazy]

Originally Posted by Levendi

Thanks Bobnat

and how do i get in touch with SoundFx ?

Regards

Go to his thread:
http://www.moneytec.com/forums/f59/s...16/page89.html

[bobnat]

Originally Posted by Levendi

Thanks Bobnat

When you say "crosses" do you mean Moving Averages crossovers ?, and how do i get in touch with SoundFx ?

Regards

No, crosses refer to the pairs. For example, the GBP/JPY, EUR/JPY and USD/JPY are all Yen crosses.

Nat

[ampris2000]

it may have something to do since it is trending on the monthly.

eur/gpb was/is in a triangle on the monthly and the range was small. (i was always wondering why that pair seemed to spike alot and not move much many months ago)