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this is the first year of my trading, so Id like to ask - is it June trading responsible for the general slowdown of currencies or do you not observe anything like June/summer trading?
Many thanks
Can you help answer these questions from other members on NexusFi?
If you look at the volatility of the last 2 weeks versus the prior two weeks you will notice that it has increased between 5% and 10% for all major FOREX pairs.
The only exception of USDJPY, where volatility has only increased by about 3%.
This is not a slowdown but the markets are gaining speed.
Im talking more about Delta. There are times when the delta is packed with information, nowadays all is calm and I have had over a week without a proper signal. No trade so no loss. Im asking to know whether Im to count on a longer period of notrades (i.e. whether people here on futures.io (formerly BMT) or you personally observe some differences in trading during summer).
Each instrument has its specific times, when it can be traded, and also has its times, when trading does not pay off. The question is. how to determine the optimal trading times?
The main criterion is volatility. If volatility …
Generally speaking, things slow down in the summer. But I classify that the same as saying don't trade during lunch, don't trade on Friday, etc... I simply trade when there is opportunity, and don't trade when there is not.
The SessionVolatilityBands measure the average daily range, when set to ETH. You can display the average daily range for any lookback period. For example for $EURUSD.
The chart attached shows that
- the daily range for the last 10 business days (2 weeks) was 130.5 pips
- the daily range for the last 20 business days (4 weeks) was 125.5 pips
- by deduction the daily range for the 10 business days prior to the last 10 business days was 120.5 pips
Therefore the daily range has expanded by about 8% if you compare the last two weeks to the prior two weeks.
When trading FOREX there is no delta per se. I only know delta for currency options and for portfolios with a component denominated in foreign currency, which needs to be hedged. Which delta are you talking about?