Tradex Forex Journal

Results so far this week:

Short AUD/USD at 0.7765 : +25 pips
Short EUR/AUD ar 1.5568 : +3
Short NZD/CAD at 0.8922 : +25
Short GBP/USD at 1.3950 : Breakeven
Long GBP/USD at 1.3950 : -7
Short GBPCHF at 1.2650 : -10
Long GBPCHF at 1.2665 : -15
Short GBPCAD at 1.7070 : +50

Total in 4 days: +71 pips (about $710 per standard lot).
 
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ChipShotTrader said:
. I then realized that these two pairs (GBP/AUD and GBP/JPY) offer some great ranges. Have you found anything like these two, intraday?
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These 2 pairs have higher intraday range simply because they are more "expensive" (in USD dollars or Euros).

A $1000 stock will necessary have a higher daily range (in dollars and cents) than a $2 stock, for instance.

Pip wise, here are the biggest currency movers (and their current price), on an intraday basis of course:

GBP/NZD $1.92
GBP/AUD 1.79
GBP/CAD 1.70
EUR/NZD 1.68
EUR/AUD 1.56
GBP/JPY 151 (yens)
EUR/CAD 1.48
EUR/JPY 131 (yens)
GBP/USD 1.38
GBP/CHF 1.26

The "poorest" - at the moment - is the NZD/CHF ($0.65)

Have a good weekend.
 
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Tradex said:
These 2 pairs have higher intraday range simply because they are more "expensive" (in USD dollars or Euros).

A $1000 stock will necessary have a higher daily range (in dollars and cents) than a $2 stock, for instance.

Pip wise, here are the biggest currency movers (and their current price), on an intraday basis of course:

GBP/NZD $1.92
GBP/AUD 1.79
GBP/CAD 1.70
EUR/NZD 1.68
EUR/AUD 1.56
GBP/JPY 151 (yens)
EUR/CAD 1.48
EUR/JPY 131 (yens)
GBP/USD 1.38
GBP/CHF 1.26

The "poorest" - at the moment - is the NZD/CHF ($0.65)

Have a good weekend.
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Excellent information! Thank you very much @Tradex

Have a great weekend...
 
The problem when we enter a Forex day-trade after 12 PM (New York time) is that the high and the low of the day have already been established (in most cases), so there is almost nothing left to eat, unless the trend is very strong.

Sure, a huge reversal can suddenly appear out of nowhere, but these complete U-turns are rare.
 
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Tradex said:
Trading is not about fast or slow, it's all about the money you are making at the end. Or more precisely, your return on investment.
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Amen.

It was either in Market Wizards ot Chat With Traders YT channel, where they spoke about a guy, that would have 1 trade every 2 or 3 months & he would grab ~$300k, repeating this for years.
 
Nobert said:
Amen.

It was either in Market Wizards ot Chat With Traders YT channel, where they spoke about a guy, that would have 1 trade every 2 or 3 months & he would grab ~$300k, repeating this for years.
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Absolutely, how frequently we trade has very little to do with the profits we make.
We can trade 50 times a day and lose a fortune, or we can trade twice a year and make a killing, year after year.
 
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