Any other factors that move a currency other than news? - Currency Futures | futures io social day trading
futures io futures trading


Any other factors that move a currency other than news?
Updated: Views / Replies:1,722 / 15
Created: by masonlee Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Any other factors that move a currency other than news?

  #1 (permalink)
Trading Apprentice
Kuala Lumpur, Malaysia
 
Futures Experience: Intermediate
Platform: MetaTrader
Favorite Futures: Forex
 
Posts: 2 since Oct 2013
Thanks: 7 given, 0 received

Any other factors that move a currency other than news?

Hi all,

I found that some time when there is no economic data are released for a currency pair, the price of that pair still move quite a lot and quite volatile.

Some time, even when there is some economic data are released, the price of the currency pair move in opposite direction or just did not move, it seem like there is some other factors that are affecting the movement of a currency.

Anybody here can list down any possible factors that may affecting the price of a currency?


Thank you for your comments!

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
Itchymoku's Avatar
 
Posts: 2,892 since Apr 2012
Thanks: 1,681 given, 3,621 received

Everything and Nothing


I subscribed to this thread in hopes someone would answer it considering I thought it was an excellent question, but I guess people have better things to do like drink margaritas on the beach with their trading earnings lol. I'll help you out with what I know because I believe it is a great question, and I like to help other new traders. This is something I would have asked in the beginning because it's something I'm curious in myself and it really deserves a detailed explanation. Anyways, If you can't trust the news then what other factors can you trust? Not many.... but the thing is it doesn't matter.

I've come to the conclusion that currencies are all hinged off one another and when a few are consolidated one has to be at the tipping point of volatile for no great reason other than importing and exporting between countries doesn't stop. Since currencies aren't like stocks, but pairs, their short or long bias are all relative. Down is up to one country so volatility ensues rapidly without haste.

There are virtually infinite factors that shape currencies but I believe the main driver is technical patterns of stop loss clusters being hit. I've seen a lot of crazy things with currencies like EUR/USD rallying on declining US unemployment figures and nfp which is something it should do the exact opposite. After that I never trusted the news even the most important releases like nfp. All news equals to me is random volatility.

I basically trade currencies on technical patterns like breakouts, continuations, and reversals and let the volatility work in my favor by letting price move as far as possible in my direction before exiting.


Last edited by Itchymoku; January 15th, 2014 at 11:43 PM.
Reply With Quote
The following 3 users say Thank You to Itchymoku for this post:
 
  #4 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
Itchymoku's Avatar
 
Posts: 2,892 since Apr 2012
Thanks: 1,681 given, 3,621 received

If you want to avoid my crazy style of almost incoherent writing and rambling this should be very helpful lol -



I've watched all the videos from this guy and they've helped me out a lot.

Reply With Quote
The following 2 users say Thank You to Itchymoku for this post:
 
  #5 (permalink)
Trading Apprentice
Helsinki, Finland
 
Futures Experience: Intermediate
Platform: Multicharts
Favorite Futures: ES,TY,NQ
 
Posts: 23 since Dec 2013
Thanks: 14 given, 4 received

Order flow maybe the answer?

The question here is closely related to the one of the major exchange rate puzzles that scientific world is also struggling with. That is, why volatility in FX market is much bigger than the changes in fundamental data expects.

Microstucture theory has some interesting viewpoints in this matter, and it suggest that not only public information (like news etc.) causes the volatility but also private information, which is dispersed across the FX markets by dealers quotes , affects FX markets volatility. Dealer get this private information from the order flow that he receives. Of course this is much deeper thing and should be read carefully if you find it interesting.

The order flow itself contains important information about investors expectations about the future. This private information may also contain rumors about central banks interventions, which has found to be one of the things that affects volatility. Also traders like to ride with the trend and this may cause speculators to join in the markets even thought there is no actual reason for exchange rate moves and therefore strengthen the volatility. The final reason that i have found about what causes exchange rate volatility is speculative "betting" about future news announcements.

My opinion is that volatility in FX market is summary of many factors and the underlying driving force, when there is no news announcemets is really hard determine. I agree with Itchymuko that almost every currency pair in FX market is somehow linked to another and by that the volatility disperses across the market.

Reply With Quote
The following 3 users say Thank You to jjsshh for this post:
 
  #6 (permalink)
Elite Member
Budapest, Hungary
 
Futures Experience: Advanced
Platform: Windows 95
Favorite Futures: GC, CL, 6E
 
Yuri57's Avatar
 
Posts: 278 since Feb 2013
Thanks: 71 given, 103 received

Fundamentals, news and STOPS

Reply With Quote
The following 2 users say Thank You to Yuri57 for this post:
 
  #7 (permalink)
Elite Member
Netherlands
 
Futures Experience: Master
Platform: Sierra Chart + jigsaw
Broker/Data: S5
Favorite Futures: Rates
 
Posts: 79 since Mar 2012
Thanks: 23 given, 133 received

The search for liquidity.
rgds

Reply With Quote
The following 2 users say Thank You to switchtrading for this post:
 
  #8 (permalink)
Banned: User requested
 
Futures Experience: Master
Platform: Sierra Chart
Favorite Futures: ES
 
Posts: 135 since Dec 2013
Thanks: 19 given, 127 received

If there is no news... The market just flows naturally on human emotion.

If there is good news and the market is at resistance, it shoots upward a bit then breaks down hard. If the market is at support and there is good news, it rallies for a long time.

If the market is at support and there is bad news it shoots downward a bit, then rallies up hard. If the market is at resistance and there is bad news it falls for a long time.

Well, that's basically it. It's more complicated through because you have to factor in longer term momentum and stuff. Also, news being "good" or "bad" doesn't mean good or bad in a "logical" sense. It means, was the news better or worse than most traders and investors with big money were expecting?

Reply With Quote
The following 3 users say Thank You to MedianVelocity for this post:
 
  #9 (permalink)
Elite Member
Perth, Australia
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Futures
 
Posts: 6 since Sep 2013
Thanks: 7 given, 5 received

Intraday, it's a game. There's a Barclay's trader in this video that baits a Japanese trader.

Billion Dollar Day - a 1986 documentary about currency (forex) speculative trading - YouTube

Also, note the touch screens - 1986!!

Reply With Quote
The following user says Thank You to phabian for this post:
 
  #10 (permalink)
Trading Apprentice
Kuala Lumpur, Malaysia
 
Futures Experience: Intermediate
Platform: MetaTrader
Favorite Futures: Forex
 
Posts: 2 since Oct 2013
Thanks: 7 given, 0 received


Thanks for the information everybody, it help me a lot.

Reply With Quote

Reply



futures io > > > > Any other factors that move a currency other than news?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
currency future vs spot currency? strike333 Currency Futures 19 June 23rd, 2014 07:44 AM
The Real Factors Behind Gasoline Price Volatility Quick Summary News and Current Events 0 August 24th, 2012 07:20 PM
Three Converging Factors May Slash Economic Growth By 71% Victory Trader News and Current Events 0 July 19th, 2012 03:47 PM
Account Currency not equal to Base or Counter Currency caliph Currency Futures 4 February 13th, 2012 02:15 PM
US Exporters Optimistic Over China's Move on Currency Quick Summary News and Current Events 0 June 22nd, 2010 03:40 AM


All times are GMT -4. The time now is 01:17 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-14 in 0.14 seconds with 19 queries on phoenix via your IP 54.234.255.29