[Sledge]

I'm not sure if anyone noticed as of late, but I'm wondering what the heck is going on with the Forex Markets?! If you look at the charts from a Daily perspective- they are all making you scratch your head.

You look at most currencies- and they just can't seem to find their direction. GBP/USD- Long... No wait Short.. No wait Long, No wait.. HOLD.

Same thing with AUD, CAD, NZD and even the crosses like GBP/CHF. So what is going on out there? Trading from a technical side, the CAD had a wild and wicked upthrust 2 days ago. The technical trader started to drool heavily and shorted the ever living tar out of it- this technical trader managed to salvage a whopping 21 pips off a DAILY bar that normally would produce a landslide of prices and by now we'd be 300 pips or better off that upthrust bar high as prices fell hard from lack of professional support.. but on that particular pair (USD/CAD) we are seeing support almost immediately...

So what gives ladies and gentlemen? Anyone far more seasoned than myself have a hypothesis of why it is that we could get a 400+ pip rocket launch one day on a GBP/JPY and then a stall immediately?

Sledge

[wasp]

Originally Posted by Sledge »

................ Anyone far more seasoned than myself have a hypothesis of why it is that we could get a 400+ pip rocket launch one day on a GBP/JPY and then a stall immediately?

Sledge

Thats just the way the cookie crumbles.... Sometimes they move, sometimes they don't... They can't all be shooting 400 pips a day!

Swings and roundabouts really. There's volatile times and quiet times, just have to roll with it.........

[BigKahuna]

This may seem a bit confrontational, but have you ever considered there is nothing wrong with the currency markets. Perhaps it is the methodologies you are attempting.

These markets are no different than they have been in the past....take a look at charts going back to the 70's, 80's and 90's, aside from the price, they are not much different then today.

[cowpip]

Personally, I LOVE this volatility. Anyone recall what 2006 looked like?... eur/jpy or cable would be lucky to make a 60 pip DAILY range. Now, 100 to 200 pip days are closer to the norm. That's what I like.

[wasp]

On another forum a couple of years ago I was having a panic attack that cable had died a death and I did some long winded extensive research, (I'll dig out the charts) to see in relation year by year regards the volatility.

I haven't traded cable for some time and looked a couple of weeks back to see it moving 200 either way, sometimes twice a day all week. Couldn't believe it as the last time I traded it it was in a 100 point weekly range!

swings and roundabouts.....

[firewalker]

Originally Posted by wasp »

On another forum a couple of years ago I was having a panic attack that cable had died a death and I did some long winded extensive research, (I'll dig out the charts) to see in relation year by year regards the volatility.

I haven't traded cable for some time and looked a couple of weeks back to see it moving 200 either way, sometimes twice a day all week. Couldn't believe it as the last time I traded it it was in a 100 point weekly range!

swings and roundabouts.....

Are those statistics you came up with yourself or is there a site someplace where you can find these things? (would be nice to have for indices for example)

[wasp]

Originally Posted by firewalker »

Are those statistics you came up with yourself or is there a site someplace where you can find these things? (would be nice to have for indices for example)

Unfortunately I spent days and days, physically measuring each and every sodding week, one by one..........

[firewalker]

Originally Posted by wasp »

Unfortunately I spent days and days, physically measuring each and every sodding week, one by one..........

Respect!