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Fast moving currency

  • #1
  • First Post: Dec 11, 2017 9:59am Dec 11, 2017 9:59am
When it comes to setup. I'm always stuck with slow moving currency pair.

I went long on AUDUSD today and was stuck with this pair whereas EURUSD and NZDUSD was running over 50 pips.

Question. How do you know which pair will move more further than the others? Currency strength meter doesn't say much before the move.
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You're going to pay a price for every bloody thing you do and don't do
  • #2
  • Dec 11, 2017 10:05am Dec 11, 2017 10:05am
Usually the most popular pairs move the most, unless they're in consolidation - and that is something that happens to all pairs, there's nothing one can do about it.
  • #3
  • Dec 11, 2017 10:19am Dec 11, 2017 10:19am
There's an article collect the average movement based on pairs.
JPY is one of the volatile.

https://www.dukascopy.com/fxcomm/blo...09&language=en
Odd numbers are odd.
  • #4
  • Dec 12, 2017 2:24am Dec 12, 2017 2:24am
Quoting newbietofx
When it comes to setup. I'm always stuck with slow moving currency pair. I went long on AUDUSD today and was stuck with this pair whereas EURUSD and NZDUSD was running over 50 pips. Question. How do you know which pair will move more further than the others? Currency strength meter doesn't say much before the move. {image}
I gauss, GBP/JPY is the most volatile currency pair! Besides, Gold metal is too volatile.
  • #5
  • Dec 12, 2017 2:32am Dec 12, 2017 2:32am
Quoting mlawson71
Usually the most popular pairs move the most, unless they're in consolidation - and that is something that happens to all pairs, there's nothing one can do about it.
I have a theory. You can use opposing pair as gauge. Like I ought to measure audnzd to see which is strong and then use eurnzd or EURGBP or gbpnzd to filter. Alot of guess work but it does help.
You're going to pay a price for every bloody thing you do and don't do
  • #6
  • Dec 12, 2017 2:42am Dec 12, 2017 2:42am
Quoting newbietofx
{quote} I have a theory. You can use opposing pair as gauge. Like I ought to measure audnzd to see which is strong and then use eurnzd or EURGBP or gbpnzd to filter. Alot of guess work but it does help.
there is many versions of Currency Strength Meters around this very forum.
take lots of 'guesswork' out from the filtering...and gives a lot better idea what currency is strong or weak.
just remember, every theory is as good as you are to convert it to real trading!
there is always, always another trade!!
  • #7
  • Dec 12, 2017 9:30am Dec 12, 2017 9:30am
Quoting newbietofx
{quote} I have a theory. You can use opposing pair as gauge. Like I ought to measure audnzd to see which is strong and then use eurnzd or EURGBP or gbpnzd to filter. Alot of guess work but it does help.
That is an interesting idea. Have you tested this theory? Does it work?
  • #8
  • Dec 12, 2017 10:35am Dec 12, 2017 10:35am
Quoting mlawson71
{quote} That is an interesting idea. Have you tested this theory? Does it work?
Hello mlawson; it’s called currency correlation strategy! I have tried this strategy for many times, the problem is, sometimes it works and sometimes it doesn’t.
  • #9
  • Dec 12, 2017 6:29pm Dec 12, 2017 6:29pm
Hi guys,
untill two years ago EurUsd made 100 / 150 pips on daily basis.
Now to find a good moving cross have to pay a lot of spread.
About the Newbietofx's idea, you'll find here on FF some Strenght Meter Indicators that could help you.
About me from somthing like 2 years i moved to Indices, and on Dax for example you have a good mover @ good spred.
Best
  • #10
  • Dec 12, 2017 7:47pm Dec 12, 2017 7:47pm
Quoting mlawson71
{quote} That is an interesting idea. Have you tested this theory? Does it work?
No. But I'll take it to heart and implement.
You're going to pay a price for every bloody thing you do and don't do
  • #11
  • Dec 13, 2017 11:09am Dec 13, 2017 11:09am
Quoting Majeeda
{quote} Hello mlawson; it’s called currency correlation strategy! I have tried this strategy for many times, the problem is, sometimes it works and sometimes it doesn’t.
Ohhh, that. I have heard about this before but I had never looked into it any particular detail, because I wasn't sure how reliable such a strategy might be. I should look into it.
  • #12
  • Dec 13, 2017 4:16pm Dec 13, 2017 4:16pm
Quoting Majeeda
{quote} Hello mlawson; it’s called currency correlation strategy! I have tried this strategy for many times, the problem is, sometimes it works and sometimes it doesn’t.
have u used Mathtrader7 EA about correlation trading?
  • #13
  • Dec 16, 2017 8:57am Dec 16, 2017 8:57am
Quoting newbietofx
When it comes to setup. I'm always stuck with slow moving currency pair. I went long on AUDUSD today and was stuck with this pair whereas EURUSD and NZDUSD was running over 50 pips. Question. How do you know which pair will move more further than the others? Currency strength meter doesn't say much before the move. {image}

Use adv(Average daily range).
  • #14
  • Dec 19, 2017 8:54pm Dec 19, 2017 8:54pm
Max, the Forex will react when it feels like there is something happening that needs a reaction. We must all remember that the Forex is composed of traders.
  • #15
  • Edited 1:29pm Dec 20, 2017 2:41am | Edited 1:29pm
If you want to hop around different pairs, use the news calendar to see what is going to be hot that day.

Edit: When I wrote that I didn't realize you were trading the Daily Chart. In that case, daily news releases might not have as much affect on your trades.
You cannot be extraordinary by being normal
  • #16
  • Dec 20, 2017 9:10am Dec 20, 2017 9:10am
Quoting dkrock
If you want to hop around different pairs, use the news calendar to see what is going to be hot that day.
That is certainly one approach, but in order to implement it well a trader must have a decent understanding of fundamental analysis.
  • #17
  • Dec 21, 2017 9:55am Dec 21, 2017 9:55am
Quoting profitfarmer
{quote} not really. fast moving and fundamental analysis only meet in the form of high impact news! the calendar reference is a mere heads up where and when to anticipate that fast(er) move.
But if you don't know fundamental analysis how do you figure out in what direction will be that faster move when it's been caused by news?
  • #18
  • Dec 21, 2017 10:36am Dec 21, 2017 10:36am
Quoting Supertrader9
{quote} Use adv(Average daily range).
Hello, is this the name of any technical tool or anything else?
  • #19
  • Dec 21, 2017 4:47pm Dec 21, 2017 4:47pm
Quoting mlawson71
{quote} But if you don't know fundamental analysis how do you figure out in what direction will be that faster move when it's been caused by news?
I think it mainly depends on what time frame you trade. A position trader could probably care less. An intraday trader will want to know the release times and potential impact. A fundamental trader might straddle a price. A technical trader might trade up to the release, sit out, and jump back in on a fresh signal after the spike. So, it is all a matter of perspective according to your style of trading. My comment was geared to small time frame intraday trading, but then I saw the OP trades Daily, so my advice might not mean anything to him. On smaller time frames, days without news are often choppy with low ranges. The market makers don't have all the activity to gather trades for the kill, so it becomes more like trader vs trader.
You cannot be extraordinary by being normal
  • #20
  • Dec 22, 2017 9:17am Dec 22, 2017 9:17am
Quoting dkrock
{quote} I think it mainly depends on what time frame you trade. A position trader could probably care less. An intraday trader will want to know the release times and potential impact. A fundamental trader might straddle a price. A technical trader might trade up to the release, sit out, and jump back in on a fresh signal after the spike. So, it is all a matter of perspective according to your style of trading. My comment was geared to small time frame intraday trading, but then I saw the OP trades Daily, so my advice might not mean anything to...
Ah, that makes sense. It hadn't occurred to me to look at it that way. Thank you for clarifying.
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