Price movement of 08/09

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v8power
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Price movement of 08/09

Postby v8power » Fri Jun 27, 2014 6:55 pm

Will we ever see price movement like we did late 2008, early 2009. Just looking back to 1993 from now it seems it was almost double the amount of movement then compared to any other time and almost 10x what we are seeing currently. Guess we need another housing meltdown. O and just for the fun of it. Here is a 800 pip gain buyzone trade. 2% risked per 10 pips. about 160% gain in a hour.

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Hoodlum
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Postby Hoodlum » Mon Jul 07, 2014 9:39 am

I couldn't believe the 100s of pips people were making in '09 in the NLA thread in a matter of hours. By way of comparison, EJ was in a 25 pip range for about 3 days straight a few weeks ago...

I don't trade majors, just some minors where you can still see around 100 pips on a good day, and exotics with a decent spread like USDDKK or EURTRY on an ECN broker.

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TheRumpledOne
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Postby TheRumpledOne » Mon Jul 07, 2014 2:50 pm

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Where do you see a 25 pip range?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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Postby Hoodlum » Mon Jul 07, 2014 5:46 pm

My apologies, I have a tendency to exaggerate a little for artistic license. The price range of several consecutive daily candles was between 35 and 45 pips - assuming you'd been able to pick the top and bottom perfectly. I'll endeavour to be more precise.

I was just trying to convey the idea that volatility is so low now on the major pairs compared to what it was 5 years ago.

The graph on this article illustrates the point - we are apparently currently near record low volatility levels.

http://www.dailyfx.com/forex/fundamenta ... ility.html

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