These are the pairs I concentrate on when trading M5 and my opening screen for a quick look.
EURUSD - EURNZD - GBPNZD
EURJPY - GBPJPY - USDJPY
EURAUD - GBPAUD - GBPUSD
EURCAD - USDCAD - GBPCAD
I normally wait around a hour after London open and then look for a Trend that has developed on a breakout. I don't use the EMA's as signals but just as a guide on directional movement.
So I look at the candles not individuality but rather as a group of candles that is forming a trend that has momentum and ideality in a pattern of Higher Highs / Higher Lows etc.
The best trades are when London creates a good trend and then the Lazy New York traders just follow along for easy pips then turn the market when they have a late lunch at 5am Sydney time.
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These are the pairs I concentrate on when trading M5 and my...
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