for USDNOK, daily swap for short positions is about 7.6 pips (compared to USDSEK!! 1/2 )
play it well.
Be yourself
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Disliked{quote} for short positions: usually about 150 pipets for most of the brokers( = 15.0 pips) swap = -30.31 USD = ( = 30.31*9.94 = 301.28 SEK) divided by lots of 2 = 301.28/2 =150 Pipette = 15 pips!! but this pair speed usually covered quickly! for example if position continue for consecutive 10 days, it cost us about 150 pips, so average entry originally was 9.9200, but after 10 days it is actually will be around 9.0500 {image}Ignored
DislikedI've subscribed and if the opportunity arises for me to contribute I'll certainly give some input. Exotics aren't my strong suit, so I may be learning more than anything here. Very interesting thread Macd-rsi!Ignored
Disliked{quote} hi mate it is your thread, and we are the guests. any contribution is heartily welcomed, even different opinions. regarding exotics like usdzar, usdnok , usdmxn, etc ... i think you will change your opinion. it is much better than SLEEPY famous 28 pairs. assume all market pairs carry a high degree of ambiguity, expect for USDSEK?? it is a chance when there is no other chance.Ignored
Disliked{quote} let us practice "our minds" what is your outlook for USDSEK for example?Ignored
Disliked{quote} Just taking a look at it, I'd say it's a great buying opportunity. But I rely on fundamentals so I'd like to get down to the reason behind the strength. Just to get started I bought a small amount to test it out. 39 pip spread. I'm thinking pip value is low with high volatility? I'm in long and since it at its highest levels in about 20 years, I'm going to rely on a trailing stop at certain amount of profit. Here's a chart going back as far as I could. I'm doing research into this pair to familiarize myself. Good stuff. {image}...Ignored
Disliked{quote} pip value almost one 10th (1/10)of EURUSD pipValue but it is 10 times faster. it spread, look at by dividing by 10 also. usually this air cover it quickly. its accurate pip value for 5th decimal is always = 1/USDSEK for 4th decimal is always = 10/USDSEK (normal case) for 3th decimal is always = 100/USDSEK (my case since it is in this way almost equivalent to EURUSD PV)Ignored
I'm just getting started but appreciate you getting me involved in what looks like a good opportunity. I have very small lot sizes so the trades are only significant in terms of learning. But I also opened up a long position in the EUR/SEK. Regardless of Euro weakness, most of what I'm reading is leading me to believe that it's worth jumping into, at least to learn.
DislikedTransaction #16: put a sell pending order at 10.9650 for EURSEK, 0.2 Lot for every 10,000 USD. Reason: CHANNEL#1 Target: 2000 Pips(10.7650) StopLoss: Weekly close above 10.9500 except first week after execution. {image} Transaction #17: put a sell pending order at 11.0000 for EURSEK, 0.4 Lot for every 10,000 USD. Reason: CHANNEL#2 Target: 2350 Pips(10.7650) StopLoss: Weekly close above 10.9500 except first week after execution.Ignored