Trader Dale Volume Profile
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What instruments to trade?<br />
To give you some initial idea’s and to help you get started, I wrote out the characteristics of some<br />
pairs as I see them. I hope it can help you in choosing the right instruments for your own trading.<br />
EUR/USD<br />
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Excellent winning ratio with volume-based strategies. This pair is number one for me!<br />
The most liquid pair.<br />
The cheapest to trade.<br />
Average volatility.<br />
If something significant is happening in the markets, the EUR/USD will “tell” you.<br />
AUD/USD<br />
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Slow. Sometimes you really need to be patient, but on the other hand, you have plenty of<br />
time to think when managing your positions.<br />
Less volatile.<br />
Cheap to trade.<br />
Good and precise reactions to volume-based S/R zones.<br />
Commodity currency (depends on commodity prices and commodity-related news).<br />
China dependant – reacts to China-related news because Australia has a lot of business<br />
bonds with China.<br />
USD/CAD<br />
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More volatile.<br />
Not as cheap as other major FX pairs, but still good even for intraday trading.<br />
Good reactions to volume-based S/R zones but sometimes not so precise (sometimes<br />
shoots past levels and turns later).<br />
Very reactive to oil-related news and oil prices.<br />
Sometimes higher correlation with AUD/USD because of the oil and other commodities<br />
(CAD is a commodity currency).<br />
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