FX Hourly range by time of day

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alichambers
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FX Hourly range by time of day

Postby alichambers » Mon May 19, 2008 10:06 am

Hello,

I just have to say this site is fantastic. I only visit every few weeks ( :oops: ), but learn something new everytime. Good work everyone.

My question is around hourly (H-L) range stats for FX pairs. I live in the UK and am trying to find when the major pairs (eg: GBPUSD) are most active and have the most volatility.

Does anyone know of any stats like this?

Thanks,
Alex

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jtrade
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Re: FX Hourly range by time of day

Postby jtrade » Mon May 19, 2008 3:11 pm

alichambers wrote:
Does anyone know of any stats like this?


Alex - I attach the relevant part of an article I kept awhile back on this.

But it's really simple, especially if you are UK based : the forex day starts around 0800, generally considered the London Forex open and even GBPJPY usually "waits" until then before moving. The only pars that seem to consistently move earlier than that are AUD and NZD based (I like EURAUD).

New York open is also good, but you can make a living only taking entries during the European / UK morning - it has to be the best timezone in which to live for fx.

HTH.

J.

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Postby jtrade » Mon May 19, 2008 3:13 pm

uh-oh file was too big.. will try to pm it to you, if no go, pm your email & I'll email it (it's a pdf file which I do not know how to reduce... but the info I have already posted is all you really need).

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Postby TheRumpledOne » Mon May 19, 2008 3:16 pm

Yes, I have written indicators that show that.

Look for my TRO 24 HOURS indicator or TRO RANGE STATS.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby jtrade » Mon May 19, 2008 3:27 pm

no, same limitation... sorry.. so here's the nicely formatted pdf document with charts saved as an unformatted text doc... looks horrible but most info just about decipherable..

..btw, this was from 2006.. some ranges are much larger now. I monitor pair volatility using the ATR indicator in a Radarscreen window in TS8 (in whatever timeframe). If you are not scalping (I trade primarily 30 & 60 min charts), I think it's better to focus on range rather than spread / range, ie. GBPJPY and GBPCHF best at the moment.

Good info here : http://www.mataf.net/en/forex/trading/volatility/forex/
Attachments
Best Times.txt
(10.91 KiB) Downloaded 50 times

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Postby TheRumpledOne » Mon May 19, 2008 3:52 pm

Image
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby alichambers » Tue May 20, 2008 4:03 pm

Brilliant - thanks all.

Alex

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