Ladies/Gents good morning from Canada! I'd like to discuss the following:
Approximately how "long" does Red impact news have the potential to create "large pip" moves on that currency pair before and after the release of said news? To be more specific, would one on average begin to expect large moves 60 minutes before? 15? and would that large move potential remain for 15 mins maybe a half hour after? The reason I ask this is I disable pending orders before and during the news to avoid spikes, If I could get the opinion of some senior members
I define "large pip" movement as a large spike, which may or may not cause a trend change, say 30 or more pips on EURUSD I would consider a large pip move
Approximately how "long" does Red impact news have the potential to create "large pip" moves on that currency pair before and after the release of said news? To be more specific, would one on average begin to expect large moves 60 minutes before? 15? and would that large move potential remain for 15 mins maybe a half hour after? The reason I ask this is I disable pending orders before and during the news to avoid spikes, If I could get the opinion of some senior members
I define "large pip" movement as a large spike, which may or may not cause a trend change, say 30 or more pips on EURUSD I would consider a large pip move
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