Hey all,
Just cruising through some charts a while back, I noticed the average daily range on E/U used to be a lot smaller, only a short while back, such as 2007 and earlier. I believe this is because of market manipulation, not in the underhanded sense, but just because that is what trading is, a competition. I believe that as more people become profitable trading on larger timeframes, the market will have to swing wider to stop them out.
I wanted to get some feedback on whether or not anyone agrees that fundamentally as more participants enter in the market and become profitable, that the daily price range will generally continue to increase? I wonder if some day we will see 200-400 pt. regular daily swings?
What other technical changes do you foresee in the future of FX?
Let me know what you think!
Rich
Just cruising through some charts a while back, I noticed the average daily range on E/U used to be a lot smaller, only a short while back, such as 2007 and earlier. I believe this is because of market manipulation, not in the underhanded sense, but just because that is what trading is, a competition. I believe that as more people become profitable trading on larger timeframes, the market will have to swing wider to stop them out.
I wanted to get some feedback on whether or not anyone agrees that fundamentally as more participants enter in the market and become profitable, that the daily price range will generally continue to increase? I wonder if some day we will see 200-400 pt. regular daily swings?
What other technical changes do you foresee in the future of FX?
Let me know what you think!
Rich