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4 Keys to Profitable Forex Trend Trading: Unlocking the Profit Potential of Trending Currency Pairs by Christopher Weaver

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Using the Keys Effectively

The purpose of this chapter is to focus on other technical factors that can increase the profitability of these strategies. To do this we must explore the environment, or larger picture, of the currency pairs that make up the foreign exchange market. In particular we are going to find out which currencies are the most suitable for each strategy.

Which currency pairs should we trade?

Before looking for potential trading opportunities using any of our strategies, we need to establish which currency pairs we should trade. As we have learned, the daily chart provides us with the strongest overview of the direction of the dominant trend of any particular pair. If there is not a clear trend on the daily chart then it ...

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