Well, for one the FXE captures the NY session primarily, high volume, thus prices are more significant. The pattern is a wound up W which is more frequently encountered in commodities. Once I saw this in the daily chart of BP (British Petroleum) on ...

I rarely post here but today I am sounding an alarm because of a very rare pattern I observed today in FXE (the EURUSD etf). Based on this rare bullish pattern I expect a very powerful move higher imminently (e.g. tomorrow morning and later). Full ...

It's pretty straightforward. Report this on your 1040 as "section 988, forex gains/losses", it could be either a positive or a negative number. Report only the PNL amount as of Dec 31, 2021 which is found on your broker's annual statement. No need ...

Exited EURUSD at 10:42 EDT with more than a $1000 loss. My thinking was that the short side was getting too crowded and this pair may break out above the 1.0864 level, triggering a Friday night squeeze in the process. Friday nights are notoriously ...

The EURUSD monthly chart seems to imply the upside is over. There may be some stop hunting Sunday night that may push EURUSD slightly up. But then the larger trend should reassert itself. Better yet is to go short EURCAD. It has 400 pips to go ...

hey recently discovered AUDJPY and having been trading it more than any other pair. I like the way it moves and the $ change per pip. This pair receives more tick updates per minute than both EURUSD and USDJPY, and as many as 7 to 10 times more than ...

@acetrader I never quite understood the bad rap that ppl here give Oanda. Yes the spreads are not great compared to offshore/European/Asian brokers. But if you give them enough volume they're going to give you rebates that effectively bring the ...

thank you so much for posting a complete example. I was missing this part: accounts/111-111-111111-111 from the URI. Seems like the v20 docs are not that great... thanks again!

Have you guys read the new Oanda API license agreement? url . It talks about fees but they are not specified as far as I could tell. I followed links to the support area but nothing there. I don't know what to make of it. Is the V20 API still free ...

How did you do that? I followed the samples on this page url to the letter but no luck. My bearer token is correct, I can use it to get streaming quotes without issues. But candle retrieval doesn't work. Triple checked spelling, etc... no errors.

hey I am trying to download M1 candles from oanda but no luck. Is V20 down on the weekend? I wish they had a better error message.

This system seems to be built on a fallacy. You build a poorly performing strategy and then bet against it. Consider an extreme variant of this. Namely moving average crossovers. It can be demonstrated through backtesting that it's a losing ...

hello there. I have been backtesting strategies using EURUSD and NZDUSD 1 minute bars, spanning 15+ years. One key takeaway is that the strategies have shown big losses around news releases, such as 8:30 EDT nonfarm payrolls, GDP, FOMC...especially ...

Looks like USDCAD is caught between a rock (EURUSD) and a hard place (WTICOUSD), thus unable to make a decisive move yet. On the higher timeframes I see a failed parabolic rise which should result in a deeper retracement to approx where the parabola ...

hey USDCAD traders, I was wondering whether you watch crude oil price (in USD) as you trade USDCAD. Are they really inversely correlated or is this assertion that I've just come across unreliable and thus not actionable?

Elliott Wave theorists posit that the only markets worth trading are the super liquid ones like SPX, EURUSD, and the like. Supposedly the cash/spot market is so large that no single entity can corner it, and this gives rise to the formation of ...