My Favourite Currency Pairs

I love the Yen pairs.

When I wake up at around 6am local time (6pm EDT), the Yen pairs are already actively traded. They are always in probable entry positions around this time. One thing about the Yen pairs is that they move up and down in more predictable ways during these times. It's just a matter of waiting for them to hit the reversal levels for entries.

The only drawback to trading in the wee hours of Asian market is that the spread is ridiculouslly high. Paying 8 pips for a trade is normal. I am not sure whether other brokers are charging similarly high spreads. Anyway so far, I manage to come up with 30 to 50 pips profits that more or less pay for the high spreads.

Perhaps, early birds do catch the best worms.....