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Originally Posted by KillerKhan
Open up the charts and look at H4 charts. See which currency goes in the same general direction the longest. You will notice that AUDUSD is pretty trendy. Now take a look at GBPJPY and tell me what you see  |
I agree. However, despite the fact that GBPJPY has the most beautiful moves, it is dangerous due to its large volatility and large spreads. These two "problems" are forcing me to trade this pair on large timeframes (mostly Daily). Just imagine if the trader is making 2-3 bad trades in a choppy day. Just the total spread loss wil be 20-30 pips.