Fast moving currency
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Thread: Fast moving currency

  1. #1
    When it comes to setup. I stuck with slow moving currency pair.

    I went on AUDUSD now and was stuck with this pair whereas EURUSD and NZDUSD was operating over 50 pips.

    Question. How do you know which pair will move farther than others? Currency strength meter does not say much.

  2. #2
    Quote Originally Posted by ;
    quote I'm more of a technical analysis trader myself, however I do agree you need to regularly check a Forex calendar for any forthcoming volatility. Not doing so is quite unresponsible.
    I concur with this. The Forex calendar may be among the best friends if you know how to benefit from it.

  3. #3
    I have developed a tool for it. It is a strength meter that automatically categorizes the pairs into a usable and visual format. You may run several versions of the indicator, with various timeframes.

  4. #4
    Quote Originally Posted by ;
    quote I concur with this. The Forex calendar could be among the best friends if you understand how to profit from it.
    I concur. And of course that Forex Factory has a fantastic forex calendar that provides very comprehensive information, should you visit here it's always a fantastic idea to check their calendar also.

  5. #5
    Quote Originally Posted by ;
    I've developed a tool for this. It is a strength meter that automatically categorizes the pairs into a usable and visual arrangement. You may run multiple versions of the indicator, with timeframes. image
    Wow, this indicator looks amazing Can you please advise, whether the green ones would be volatile pairs? Furthermore, if you talk about the indicator, will be great Thanks.

  6. #6
    Eur/NZD I end up being quickly moving

  7. #7
    Quote Originally Posted by ;
    quote I see, I see. I rarely trade that pair as I am generally wary of GBP pairs but maybe I need to look into it.
    Thanks for your reply mate! Till now no transaction (in this month) on GBPJPY.

  8. #8
    GBPNZD is the Godzilla of currency pairs sometimes moving 200 pips a day.

    Please be careful with this pair in light also of Brexit indecisions.

    Regards

  9. #9
    Quote Originally Posted by ;
    GBPNZD is the Godzilla of currency pairs occasionally moving 200 pips in a day. Please be careful with this pair in light also of Brexit indecisions. Regards
    Yes, it's a volatile trading pair generally, I don't use this trading pair. I use just GBPUSD GBPJPY among of GBP pairs.

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