UK GDP news has helped my open cable trade. Hopefully that helps reduce fears of another bout of QE and we see continued advances throughout the day
AHH okay, so on average what are the three most volatile pairs? I know EUR/USD is nr. 1. Do you usually find yourself trading only these top, or do you take those set-ups you see? Thanks
Yeah I was referring to the flatness of the fans chests, but kinda failed haha. I hate that little bastard. He represents mediocrity and the dumbing down of the music industry, a long with miley cyrus and the jonas brothers, but I digress…
To be honest I’m not too sure what the most volatile is but it can easily be found out. 2 secs and I will find out now actually…
http://forums.babypips.com/newbie-island/12691-pair-most-volatile.html
That thread has a breakdown.
I trade set ups when I see them. Currently I monitor 9 pairs for potential set ups, mainly due to a combination of average daily movement and average initial spreads. They are tailored for my particular method (i.e. depending on where people put SL and TP, preferred pairs tend to differ)
I would be surprised to find EUR/USD in the top 5 most volatile pairs.
Try: GBP/USD, GBP/JPY, GBP/CHF, GBP/AUS, EUR/AUS.
If you mean the most traded, a lot of volume, then it’s the EURO, DOLLAR, SWISS FRANC, POUND STERLING.
EUR/USD is the big one, GBPUSD has both volume and volatility, a most splendid currency pair but it has attitude.
Ok, thanks guys, a lot of mixed signals though…
I found this .doc file!
VERY useful:
www.forexpros.com/upload_images/_16484_1243416911.doc
The top average daily ranges are as follows:
GBP/USD: 156
USD/CHF: 127
EUR/USD: 111
Damn, I guess there correlation between volume and volatility is less than i thought.
Should I then switch to primarily trade GPB/USD then?
And prioritize according to volatility?
Just started out trading, so wouldn be any problem, I think
Woohoo- my adapter to add another monitor arrived and I’m now running triple screen, beautiful 
On a trading note, choppy morning session has meant I got stopped out of 5 trades with 2 still open. One not really moving too much but my cable one flew due to that GDP news.
Got to play football tonight but continuing to monitor for any potential set ups I can take before I head out. Derek Frey has another webinar on at 12 so I’m quite looking forward to that too.
Relative volatility only matters where you have a system to take advantage of it. You would need to see if your trading works well with cable or any other pair.
Those volatility charts are outdated. Volatility changes all the time.
In the past, USD/CHF used to move a lot more than GBP/USD, now GBP/USD is very volatile.
If you have “ATR (Average True Range)” indicator in your charting platform, you can easily find out which pair has been volatile…
Try it now… Open up your charting platform, open up EUR/USD stick in the ATR indicator there with parameter of 20. You’ll see that it is now moving ~150 pips per day, very far from the “111” in that document.
Okay, thanks for feedback.
Ayte, something is fvcked up. I tried closing my position, and ended up getting another position the other way. Tried again, but it just added to my OTHER position, now I can`t close any of them, I get a “insufficient fund” message. Glad this is demo, lol.
Any help? :S
I`M ****ed! Now I got a mragin call, and it liquidized all my positions except my original one. Now, I tried again, and AGAIN it just bought new positions in the opposite way, instead of liq. the original one. sigh
Had to log in and out again, lol now I lost all my pip gains since I started.
What the hell happened?
Sorry for hogging up your blog space man xD
I guess things went pear shaped.
Don’t worry about opening a position another way to close out your trade. Some brokers operate that way, that is fine. If one profits, the other losses, it all balances out. After a day, or depending on your broker’s cut-off time, both those positions will close.
Wow I finished early yesterday so missed these posts.
Never knew some platforms create a position in the opposite direction if you want to close one of your positions, essentially hedging your position. Whilst overall result may be the same but seems very messy to me. At least it was demo Kummi but personally, I would be using another broker as there is so much choice, you should look for the one with the ‘smoothest’ experience for you.
Yesterday, I ended up -50 pips. I actually would have made around +100 but I closed my trades early to finish early and didn’t take one I otherwise would have. I’m not too bothered by the actual result as the market has been good to me recently, but I definately don’t like the feeling that I didn’t get the chance to properly follow my trades which created the loss. A loss from the market is one thing, a loss created by myself is another.
Anyway, no open positions yet but one close to completion.
Actually, in the real world (that is behind the scenes of your trading platform), it takes two business days before your trade actually gets settled. Some platforms (usually the bigger brokers I think) show these two transactions for the sake of transparency… That way, traders can calculate whether the rollover interest rates that they are paying or being paid by the broker is correct.
I think this two day rule doesn’t apply to USD/CAD though, because US and Canada are near each other, meaning they can transact much faster.
A don’t think a T+2 settlement for spot is relevant to traders of our nature. As far as the calculation of rollover interest, most brokers I’ve seen quote this as a total figure (i.e. for GBP/USD right now, if you’re long you are +.09 and if you’re short, -.27). As brokers have different ways of determining their rollover rates and how much charges they take from it, I personally think there is no need to display a closed position with a hedged position. Again, that’s just my personal opinion but I don’t see how it improves transparency, nor do I see any benefits of it. When I’m trading, I want to see what I have actioned on my platform: if I close a position, I want that position gone. If I hedge, I want to see the 2 opposing trades etc. etc.
Lol yeah, thanks for answer. Stressed me! Helped to log off and on again, but this was after a while though… Meh xD
Well the surge of USD meant I entered a position and TP 1 was hit almost instantaneously, good good. Hopefully more opportunities arise throughout the day
Which pair?
Also, when the market opened in London, around 50 minutes ago, the GBP/USD plummeted like a rock, why? Currently trying to catch the rebound