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Fast moving currency

  • #21
  • Dec 22, 2017 10:43am Dec 22, 2017 10:43am
I traded 1M Forex charts for several years. At that level of involvement you almost become the market, lol, and can almost feel it and how it works. Not really, but the repetitiveness and the preparedness for different situations causes you to absorb conditions faster. I position traded when I was in the stock market, so I have seen both sides of the fence. These days I prefer to stick with technical analysis and ignore fundamental analysis. FA is much more rampant and destructive in the stock market and after living through it for awhile it actually becomes annoying, lol. I got tired of trading "the sky is falling, the sky is falling" with all the sudden news attacks. I prefer Forex with his mainly scheduled news, lol, and then just avoid those trading times. We each have our preferences. Good Luck.
You cannot be extraordinary by being normal
  • #22
  • Dec 22, 2017 12:19pm Dec 22, 2017 12:19pm
You should have different charts open at the same time and observe them together, then you will be able to filter whats really moving, what isnt, what is best to take or pass.
  • #23
  • Dec 24, 2017 11:06pm Dec 24, 2017 11:06pm
GBP-JPY of course. I have seen my Forex trader friends earn a lot with that pairs.
  • #24
  • Dec 25, 2017 10:31am Dec 25, 2017 10:31am
Quoting DarrenLehma
{quote} Hello, is this the name of any technical tool or anything else?
Sorry I meant ADR(Average Daily range). Search for Daily Range PeterE. It is an indicator.
  • #25
  • Jan 4, 2018 9:45pm Jan 4, 2018 9:45pm
Have a look at http://www.investing.com/tools/forex...ity-calculator

You can quickly see what the average pip movement is for any pair over a given period. For example over the last 10 weeks GBP/NZD has moved the most, averaging 200 pips per day. USD/JPY 66 pips.
The top 10 pairs are quiet constant, even if you average over 20+ weeks.
Its all just one persons opinion
  • #26
  • Jan 7, 2018 1:36pm Jan 7, 2018 1:36pm
Quoting axecap
Have a look at http://www.investing.com/tools/forex...ity-calculator You can quickly see what the average pip movement is for any pair over a given period. For example over the last 10 weeks GBP/NZD has moved the most, averaging 200 pips per day. USD/JPY 66 pips. The top 10 pairs are quiet constant, even if you average over 20+ weeks.
An interesting excercise is to use an indi which draws lines at BRN's say every 50 pips and then count the lines for any given period. It gives one a good idea of the volatility or ADR of any given pair. Take a look at how many lines (how far the price moved) on XAUUSD since 18th December compared to GBPNZD over the same period. However from 30th November to 18th December GBPNZD moved nearly 900 pips!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDH4.png Size: 35 KB
Click to Enlarge Name: GBPNZDH4.png Size: 53 KB
Click to Enlarge Name: GBPNZDH4 2.png Size: 45 KB
  • #27
  • Jan 8, 2018 12:30am Jan 8, 2018 12:30am
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}
Daily candle doesn't tell the entire story of what happened during the day. Who knows for how long it was at one extreme and then for the last 3 hours it ran the other way for 110 pips.
I would say that fast moving pairs will be better used on the 1m. If you work on accuracy, you can profit a ton in the short term.
The Earth is flat!
  • #28
  • Jan 8, 2018 4:27am Jan 8, 2018 4:27am
Almost all the important pairs moves at a considerable pace when something good or bad is happening in the corresponding economy. If there are no economic movement that could affect a pair or currency, it remains flat or slow. So, there is no one particular pair that moves fast all the time. Something has to make it move.
  • #29
  • Jan 8, 2018 6:30am Jan 8, 2018 6:30am
Quoting Tfh
{quote} Daily candle doesn't tell the entire story of what happened during the day. Who knows for how long it was at one extreme and then for the last 3 hours it ran the other way for 110 pips. I would say that fast moving pairs will be better used on the 1m. If you work on accuracy, you can profit a ton in the short term.

  • #30
  • Jan 8, 2018 9:25am Jan 8, 2018 9:25am
Quoting PFvicky
Almost all the important pairs moves at a considerable pace when something good or bad is happening in the corresponding economy. If there are no economic movement that could affect a pair or currency, it remains flat or slow. So, there is no one particular pair that moves fast all the time. Something has to make it move.
True. Usually, the more volume a pair has, the faster it moves, and the more popular it is, the more volume it has.
  • #31
  • Feb 9, 2018 5:02am Feb 9, 2018 5:02am
We the traders should choose the currency pair which is more appropriate to the concept of trading that will be used , if you love doing scalping should choose the currency pair which has lowest trading spreads , otherwise scalping could not bring good result .
  • #32
  • Feb 9, 2018 8:51am Feb 9, 2018 8:51am
Quoting MarkFxAnde
We the traders should choose the currency pair which is more appropriate to the concept of trading that will be used , if you love doing scalping should choose the currency pair which has lowest trading spreads , otherwise scalping could not bring good result .
That currency pair is more often than not EUR/USD, as far as I know.
  • #33
  • Feb 9, 2018 9:05am Feb 9, 2018 9:05am
Here's a tip that I learned from someone better at trading than me. If it's daylight in the country whose currency you are trading, you will get better liquidity. I would also add to that, population and GDP are important. So, trading the majors during London and New York especially.
Gone to a better place
  • #34
  • Feb 13, 2018 6:59am Feb 13, 2018 6:59am
Quoting smikester
Here's a tip that I learned from someone better at trading than me. If it's daylight in the country whose currency you are trading, you will get better liquidity.
Startling revelation that Smike.

So let me get this right, when the sun is up in say Thailand the liquidity will be better in the Bht than it is when the big Thai banks close for the day and the Sun shifts West?

Would it be the same with say Sterling? Should we expect better liquidity 7am-5pm in London than say daylight hours in Sydney?

Any other good tips from your mate?
Road To Wisdom? To err and err and err again, but less and less and less...
  • #35
  • Feb 13, 2018 8:55am Feb 13, 2018 8:55am
Quoting smikester
Here's a tip that I learned from someone better at trading than me. If it's daylight in the country whose currency you are trading, you will get better liquidity. I would also add to that, population and GDP are important. So, trading the majors during London and New York especially.
I agree. I think that applies to most people out there, unless they live a time zone like Australia, maybe.
  • #36
  • Feb 13, 2018 9:05am Feb 13, 2018 9:05am
Quoting mlawson71
{quote} I agree. I think that applies to most people out there, unless they live a time zone like Australia, maybe.
Thanks. That was something I read posted by Peter Crowns.
Gone to a better place
  • #37
  • Feb 13, 2018 10:22am Feb 13, 2018 10:22am
Hard to say. But there are currencies that move more than others usually. Just look at how they moved in the past. That will give you a good idea.
  • #38
  • Feb 13, 2018 12:01pm Feb 13, 2018 12:01pm
Quoting vpr1
Hard to say. But there are currencies that move more than others usually. Just look at how they moved in the past. That will give you a good idea.
I think, it’s not hard to identify the active pairs; like I see GBPJPY is one of the most volatile trading pair! here, 100+ pips movement is very common.
  • #39
  • Feb 13, 2018 12:48pm Feb 13, 2018 12:48pm
Hi Guys
Here's a few of the biggest movers: GBPNZD, EURNZD, GBPAUD, GBPCAD, GBPJPY, XAUUSD

GBPUSD can move quite far fairly quickly too at times
  • #40
  • Feb 13, 2018 10:35pm Feb 13, 2018 10:35pm
Have a look at the ADR (average daily range) of a pair.

Higher ADR = faster moving (this is good and bad because you need volatility to make money, but you can lose money just as easily)
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