tradinginthepit
Junior member
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Free Euro Dollar Sites
Hi - I can suggest two sites which are updated daily with both technical and fundamental analysis of the euro dollar pair. The sites are updated daily with suggested trades and trading tips, and best of all these sites are free! The technical analysis is excellent and based on simple moving averages, candle analysis, and support and resistance which is a great way to start as these are some basic strategies which provide ( I believe ) a good platform to start learning. The first site is euro to dollar, and the second is euro vs dollar. Hope you find these useful.
Hi - I can suggest two sites which are updated daily with both technical and fundamental analysis of the euro dollar pair. The sites are updated daily with suggested trades and trading tips, and best of all these sites are free! The technical analysis is excellent and based on simple moving averages, candle analysis, and support and resistance which is a great way to start as these are some basic strategies which provide ( I believe ) a good platform to start learning. The first site is euro to dollar, and the second is euro vs dollar. Hope you find these useful.
bansir
Well-known member
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Hi Coyeoh,
Welcome to T2W.
Just wondered what attracts you to this currency pair?
Best Regards,
Neil
alan5616
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Stability is not what many traders look for in a forex pair. There is far greater profit potential in trading pairs that have a wider daily range than EUR/USD.
alan5616
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Hi coyeoh27,
I'll give you my 2ps worth. As a full time forex day trader, I look to trade pairs which have a wide average daily range. For my style of trading; wide daily range = greater profit opportunity. Obviously, my view is based, purely, on the fact that I am day trading. Those who trade longer term may have an opposing view.
Therefore, I prefer to trade those pairs which have a higher volatility than EUR/USD. I accept that this pair is the most heavily traded on a worldwide basis but, it will often be in whipsaw mode
for long periods.My preference is for the £ pairs. GBP/JPY is the numero uno as far as I'm concerned. The average daily range is, usually, double that of the €/$. Second preference is for either GBP/CHF or GBP/USD. For anyone wishing to day trade the €, then €/Y is a better option than €/$ (approx 50% greater ADR than €/$)
I hope this helps.
Last edited:
alan5616
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Hi coyeoh27,
My basic strategy is based, mostly, on chart reading. In conjunction with this, I use FX53 software. I trade GBP/JPY off the 5 min chart.
fibosignals
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Hello everybody,
I agree with alan5616. The wider the range, the better because wide ranges offer great opportunities for daytrading or trading swings. But I would not look at exotic pairs with low liquidity. I would like to add another pair to alan's list: EUR/CAD. Your will find also a wide range in this pair.
rgds,
F.
I agree with alan5616. The wider the range, the better because wide ranges offer great opportunities for daytrading or trading swings. But I would not look at exotic pairs with low liquidity. I would like to add another pair to alan's list: EUR/CAD. Your will find also a wide range in this pair.
rgds,
F.
fibosignals
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I use the 15min chart for this pair. The spread is indeed a bit wider than other more liquid pairs, but I do not seek to trade a swing of a few pips.
Regards
F.
Regards
F.
alan5616
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I don't swing trade as such. If you wish to know more about FX53 see this link
http://www.trade2win.com/boards/forex-strategies-systems/36233-forex-53-trend-following-system.html
alan5616
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The spread offered by the market makers reflects the volatility
fibosignals
Newbie
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yeah, and spreads reflect the liquidity too. If liquidity in a pair is poor the spread will be wider. That's also the reason for spreads to vary during day/night or during the release of numbers, but some market makers offer fixed spreads.
rgds,
F.
rgds,
F.
It is fair to say that although both cable and euro-dollar have their own idiosyncrasies, there are many events that move eurodollar, say, 30 pips and accordingly cable 50 pips simultaneously. Not exactly rocket science working out which would is potentially more profitable.....
