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Thread: Best Forex Pairs For Harmonic Pattern Trading

  1. #1
    Senior Member
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    Best Forex Pairs For Harmonic Pattern Trading

    What are your favourite currency pairs for harmonic patterns?

    These are what I use... EUR/USD, USD/CHF, AUD/USD, USD/JPY, EUR/JPY, GBP/USD and USD/CAD.

    Are there any good pairs I'm missing that you would suggest trading?

  2. #2
    Wizard
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    i also trade NZDUSD, EURJPY and USDPLN.

    on higher TFs patterns trading I choose the pairs that offer the positive SWAP
    Harmonics Tube - daily trading setups based on harmonic patterns
    Forex Harmonic Trading - Harmonic trading practical tips, tricks and hints
    AMPmonitor - harmonic and price patterns recognition Scanner that I use
    TradingArsenal Quiz project - best edu material regarding the Harmonic Patterns Trading

  3. #3
    Junior Member
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    I trade only EURUSD and GBPUSD.

    "Become a master of one paper".

    Less is more.....

  4. #4
    Wizard
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    exactly, less is more on FX.
    evgene likes this.
    Harmonics Tube - daily trading setups based on harmonic patterns
    Forex Harmonic Trading - Harmonic trading practical tips, tricks and hints
    AMPmonitor - harmonic and price patterns recognition Scanner that I use
    TradingArsenal Quiz project - best edu material regarding the Harmonic Patterns Trading

  5. #5
    bee
    bee is offline
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    Quote Originally Posted by kor4x View Post
    exactly, less is more on FX.
    that's deep and straight lead. but not all new trader would fully understand what it stand for. allow me to brief a quick example;
    Naturally, the lower the spreads, the better it is for trading result, and it's apply for any trading strategies. traders should had a proper understanding, how spread affect our trading result. for example i had monthly total order at average 150 transaction on EURUSD, at first i use non ecn broker service, 2 pips spread on eurusd which means, 150 x 2 pips, 300 pips monthly cost in total. personally i use armada market acoount and will use it as comparison, while with armada ECN brokerage service total cost per-transaction are 0.7 pips x 150 trades equal to 105 pips monthly cost. let's consider how spread cost your trade. and indeed ecn brokers cost cheaper, now i have 195 pips additional profit. good trading strategies and only required low cost each transaction would resulted in more profitable trading performance.

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