Trading EURCHF

Beginner Questions
1

Hello Babypips team

I have wanted to trade EURCHF for a while, i am encouraged by its stability. but i have run into problems. This currency never seems to be more than 8 pips from the session highs and lows and yet
My platform demands at least 8 pip order price difference from the market price my platform also offers me instant market quotes that the currency hasn’t reached in weeks when i look at my chart i can see that traders are making orders between the open and close prices. i just want to know how they are doing it because my platform (MT4) wont allow me to make the same kind of orders need to know how to trade this pair profitably

What is the best pair to trade during the early hours of the morning (gmt +1)

sincerely

AjoseBiz

2

Try a different broker that doesn’t have the same restrictions.

But in all honesty, you’ll make more for your broker scalping this pair than you’ll make. It’s 20 hours+ sometimes before the pair breaks out of a 3 pip oscillation.

Not worth it.

3

Thanks for your honesty. wanted to keep the dream of becoming a trillion dollar traderon EURCHF a live just a little longer though!

lol

Thoughts of what to trade during the wee hours??

4

Pretty good article written by DailyFX:

You can see what trades best at what times.

5

Try having a look at USD/CHF, more stable than GBP/USD and EUR/USD, but a little more movement than you suggested EUR/CHF. I personally trade USD/CHF along with other major currency pairs, and it is by far the least volatile.

6

The SNB pegged their currency to the Euro during one of their interventions a few months back, I have not bothered trading it since as it is no longer a regular Pair, its movement is effectively restricted by the SNB policy. I can’t recall the date off hand for when they did it but it’s pretty clear from the chart, there is a clear understanding in the market that they will defend this level, so noone will take Price below there, yet there is no in inherent reason for it to rise - hence the current limbo.

I’d look elsewhere, seriously, for a Pair to trade as for most strategies EUR/CHF is just about the worst Pair to trade recently. Shame, it was lovely a year or so ago!

ST

7

Thanks for all your advice. i was hoping i might be able to scalp EUR/CHF but it looks as if it maybe not worth it

8

Topic should be “not trading eurchf”, theres nothing on that chart to trade for weeks now.

9

Oanda has a spread of about 2 pips for EUR/CHF. Still not worth it though with the peg in place. Scalping would be horrifically dull. You could attempt to place a long or short and leave it with a fairly tight SL and hope that either CHF goes out of fashion or the peg breaks. Could take a long time for either to happen and your margin would probably be best employed elsewhere.

If you’re looking for slightly less volatile pairs with tighter spreads you might be better off looking at USD/JPY or EUR/GBP. They have daily ranges of around 60 pips while EUR/USD or GBP/USD are around double that.