Looking for the Traders Edge?

As traders, we are always looking for an edge.

Often times it means that to become better than the “competition” (other traders)

we have to do what others won’t. That in itself can be an edge.

One idea for an edge is to trade on days that statistically have more price action than other days.

This can typically be seen by identifying the daily range for a particular currency pair.

I listed the daily ranges for the GBP/USD 2011.

I can’t verify that the highs, lows and daily ranges are 100 percent accurate so please forgive any errors. You may also have different data as price varies from broker to broker.

This data was taken from FX Pro MT4 charts.

Try to spot the days with the largest price movements.

You could also take this data and dig deeper (a little homework) and match the days up with your favorite economic report for the year of 2011.

You could also determine the average daily range and pick that day to trade.

There is a lot you can do with data, its just up to you if you’re willing to take the time to find your edge.

Good luck trading.

-Irishtrader

* the data below is difficult to read on this page, please download a PDF document as it is much easier to read. click here

 

date       high                low             total range   day of week

01/03/11 1.5583.0 1.5433.00 150 monday

01/04/11 1.5645.00 1.5453.00 192 tuesday

01/05/11 1.5627.00 1.5449.00 178 wednesday

01/06/11 1.5564.00 1.5448.00 116 thursday

01/07/11 1.5578.00 1.5404.00 174 friday

01/10/11 1.5602.00 1.5473.00 129 monday

01/11/11 1.5639.00 1.5511.00 128 tuesday

01/12/11 1.5779.00 1.5582.00 197 wednesday

01/13/11 1.5883.00 1.5717.00 166 thursday

01/14/11 1.5888.00 1.5808.00 80 friday

01/17/11 1.5954.00 1.5834.00 120 monday

01/18/11 1.6058.00 1.5876.00 182 tuesday

01/19/11 1.6037.00 1.5943.00 94 wednesday

01/20/11 1.6009.00 1.5836.00 173 thursday

01/21/11 1.6017.00 1.5866.00 151 friday

01/24/11 1.6013.00 1.5919.00 94 monday

01/25/11 1.6016.00 1.5749.00 267 tuesday

01/26/11 1.5936.00 1.5768.00 168 wednesday

01/27/11 1.5990.00 1.5878.00 112 thursday

01/28/11 1.5965.00 1.5823.00 142 friday

01/31/11 1.6048.00 1.5912.00 136 monday

02/01/11 1.6163.00 1.6008.00 155 tuesday

02/02/11 1.6230.00 1.6126.00 104 wednesday

02/03/11 1.6277.00 1.6121.00 156 thursday

02/04/11 1.6171.00 1.6036.00 135 friday

02/07/11 1.6184.00 1.6088.00 96 monday

02/08/11 1.6161.00 1.6027.00 134 tuesday

02/09/11 1.6123.00 1.6032.00 91 wednesday

02/10/11 1.6137.00 1.6010.00 127 thursday

02/11/11 1.6112.00 1.5962.00 150 friday

02/14/11 1.6077.00 1.5981.00 96 monday

02/15/11 1.6170.00 1.6005.00 165 tuesday

02/16/11 1.6185.00 1.5986.00 199 wednesday

02/17/11 1.6185.00 1.6075.00 110 thursday

02/18/11 1.6262.00 1.6147.00 115 friday

02/21/11 1.6257.00 1.6203.00 54 monday

02/22/11 1.6226.00 1.6099.00 127 tuesday

02/23/11 1.6274.00 1.6131.00 143 wednesday

02/24/11 1.6253.00 1.6083.00 170 thursday

02/25/11 1.6160.00 1.6030.00 130 friday

02/28/11 1.6276.00 1.6070.00 206 monday

03/01/11 1.6329.00 1.6249.00 80 tuesday

03/02/11 1.6343.00 1.6213.00 130 wednesday

03/03/11 1.6333.00 1.6253.00 80 thursday

03/04/11 1.6304.00 1.6234.00 70 friday

03/07/11 1.6341.00 1.6181.00 160 monday

03/08/11 1.6208.00 1.6123.00 85 tuesday

03/09/11 1.6242.00 1.6138.00 104 wednesday

03/10/11 1.6212.00 1.6038.00 174 thursday

03/11/11 1.6085.00 1.5976.00 109 friday

03/14/11 1.6199.00 1.6027.00 172 monday

03/15/11 1.6184.00 1.5977.00 207 tuesday

03/16/11 1.6131.00 1.5984.00 147 wednesday

03/17/11 1.6169.00 1.5981.00 188 thursday

03/18/11 1.6255.00 1.6059.00 196 friday

03/21/11 1.6327.00 1.6202.00 125 monday

03/22/11 1.6400.00 1.6291.00 109 tuesday

03/23/11 1.6384.00 1.6219.00 165 wednesday

03/24/11 1.6266.00 1.6091.00 175 thursday

03/25/11 1.6141.00 1.6007.00 134 friday

03/28/11 1.6037.00 1.5936.00 101 monday

03/29/11 1.6042.00 1.5942.00 100 tuesday

03/30/11 1.6082.00 1.5978.00 104 wednesday

03/31/11 1.6150.00 1.6015.00 135 thursday

04/01/11 1.6131.00 1.5970.00 161 friday

04/04/11 1.6176.00 1.6102.00 74 monday

04/05/11 1.6296.00 1.6090.00 206 tuesday

04/06/11 1.6363.00 1.6256.00 107 wednesday

04/07/11 1.6357.00 1.6261.00 96 thursday

04/08/11 1.6427.00 1.6313.00 114 friday

04/11/11 1.6425.00 1.6313.00 112 monday

04/12/11 1.6349.00 1.6226.00 123 tuesday

04/13/11 1.6309.00 1.6236.00 73 wednesday

04/14/11 1.6384.00 1.6253.00 131 thursday

04/15/11 1.6372.00 1.6290.00 82 friday

04/18/11 1.6327.00 1.6164.00 163 monday

04/19/11 1.6336.00 1.6229.00 107 tuesday

04/20/11 1.6425.00 1.6306.00 119 wednesday

04/21/11 1.6599.00 1.6384.00 215 thursday

04/22/11 1.6568.00 1.6501.00 67 friday

04/25/11 1.6551.00 1.6466.00 85 monday

04/26/11 1.6532.00 1.6430.00 102 tuesday

04/27/11 1.6635.00 1.6434.00 201 wednesday

04/28/11 1.6745.00 1.6619.00 126 thursday

04/29/11 1.6721.00 1.6623.00 98 friday

05/02/11 1.6738.00 1.6635.00 103 monday

05/03/11 1.6660.00 1.6461.00 199 tuesday

05/04/11 1.6573.00 1.6452.00 85 wednesday

05/05/11 1.6543.00 1.6357.00 186 thursday

05/06/11 1.6463.00 1.6353.00 110 friday

05/09/11 1.6406.00 1.6269.00 137 monday

05/10/11 1.6421.00 1.6315.00 106 tuesday

05/11/11 1.6517.00 1.6321.00 196 wednesday

05/12/11 1.6379.00 1.6232.00 147 thursday

05/13/11 1.6308.00 1.6145.00 163 friday

05/16/11 1.6254.00 1.6159.00 95 monday

05/17/11 1.6302.00 1.6173.00 129 tuesday

05/18/11 1.6287.00 1.6105.00 182 wednesday

05/19/11 1.6242.00 1.6130.00 112 thursday

05/20/11 1.6304.00 1.6166.00 138 friday

05/23/11 1.6232.00 1.6086.00 146 monday

05/24/11 1.6208.00 1.6056.00 152 tuesday

05/25/11 1.6293.00 1.6130.00 163 wednesday

05/26/11 1.6403.00 1.6266.00 137 thursday

05/27/11 1.6512.00 1.6377.00 135 friday

05/30/11 1.6511.00 1.6450.00 61 monday

05/31/11 1.6546.00 1.6421.00 125 tuesday

06/01/11 1.6495.00 1.6329.00 166 wednesday

06/02/11 1.6417.00 1.6304.00 113 thursday

06/03/11 1.6437.00 1.6283.00 154 friday

06/06/11 1.6459.00 1.6339.00 120 monday

06/07/11 1.6471.00 1.6323.00 148 tuesday

06/08/11 1.6450.00 1.6347.00 103 wednesday

06/09/11 1.6466.00 1.6357.00 109 thursday

06/10/11 1.6382.00 1.6212.00 170 friday

06/13/11 1.6389.00 1.6214.00 175 monday

06/14/11 1.6440.00 1.6354.00 86 tuesday

06/15/11 1.6382.00 1.6167.00 215 wednesday

06/16/11 1.6224.00 1.6077.00 147 thursday

06/17/11 1.6198.00 1.6092.00 106 friday

06/20/11 1.6234.00 1.6109.00 125 monday

06/21/11 1.6248.00 1.6166.00 82 tuesday

06/22/11 1.6262.00 1.6059.00 203 wednesday

06/23/11 1.6074.00 1.5937.00 137 thursday