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Most choppy pairs? Least likely to trend?

Discussion in 'General Forex Talk' started by joseclar, Mar 22, 2010.

  1. joseclar

    joseclar Recruit

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    I know it is pretty easy to find stats on the trading ranges for the pairs. My question is which pairs are the choppiest or least likely to trend for long periods without a substantial retracement. Ideally I am talking about pairs that are still volatile, but choppy throughout the range.

    So while they may have traded an absolute range of 120 pips the actual movement during the day is much much more?

    Basically the pairs that are least likely to go in long straight trends, that are still volatile.

    Thank you.
     
  2. cowmadagan

    cowmadagan Sergeant

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    Well, you should have a charting package already that will allow you to look at daily, weekly, and monthly graphs. Looking at each pair should tell you the answer.

    That said...it seems like you may be asking for two separate things. If you're looking for a pair that will somewhat often trade plus or minus sixty pips for an absolute range of 120 pips in a day, USD/CHF is one of the few that will do it. USD/CHF will trend though, as it's a reflection of EUR/USD.

    If you don't want long upward or downward trends, then EUR/GBP tends to stay in a few pence range.
     
  3. West Coast Pips

    West Coast Pips Sergeant

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    I have to agree with cowmadagan. A pair I focus on for pure volatility is gbp/jpy. Most people stay away from it because of the higher spread vs. its counterpart gbp/usd. Take a look at the MT4 chart for gbp/jpy at different time frames. Having said that gbp/jpy being a yen cross may often not follow what gbp/usd does in terms of trending.
     
  4. Ricex

    Ricex Sergeant

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    Sorry I don't want to contradict the two previous posters who have tried to help you, but your question, as is, doesn't make much sense. Looking at forex charts is like looking at fractals,(not the indicator) there are trends within trends within trends, almost identical patterns recur at progressively smaller and smaller scales.

    If you want a realistic answer to your question you will have to define a timeframe if your using a timeframe based platform. Then research your chosen pairs over a certain time period to try and ascertain the % it ranges and the average of those ranges, but of course what a pair is doing now may not be what it was doing 6 months ago or 6 months into the future so your search in the end may be somewhat futile.
     
  5. Awais Rasheed

    Awais Rasheed Private, 1st Class

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    True very True.
     

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