New Pairs | Currency Futures


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New Pairs

  #16 (permalink)

Phoenix AZ
 
 
Posts: 12 since Sep 2011
Thanks: 7 given, 6 received


mrphr View Post
Apart from EUR/USD I trade the AUD/USD, GBP/USD, and the Yen pairs: EUR/JPY, AUD/JPY and GBP/JPY. I used to trade other pairs such USD/CHF, CHF/JPY and other crosses, but the average day's move are not so great in some pairs. So I prefer to trade pairs with high average day's move, I also take the pairs spread into consideration and also I look at the average week's move...

Be in mind that market condition can change any time.

What do I mean by average day's move: [Based on my data]

Average Day's move:

EUR/USD - 124 pips
AUD/USD - 102 pips
GBP/USD - 106 pips
USD/CHF - 90 pips

EUR/JPY - 120 pips
AUD/JPY - 100 pips
GBP/JPY - 122 pips
CHF/JPY - 84 pips

Now look at the average day's move of USD/JPY - 60 pips; So leave it alone. Well you got the idea.

Beautiful! Super helpful. I'm a dummy and have been trading USD/CHF... ugh it's such a love/hate thing when you figure out what you've been doing wrong but find out how to make it right.

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