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  • #33,341
  • Edited 7:58pm Dec 18, 2019 7:45pm | Edited 7:58pm
Quoting Davit
{quote} You forgetting pink elephant in the room BREXIT Lots of uncertainty and that includes Euro zone countries their PMI CPI GDP's To me we may see massive dumping of Euro by the end of the year. Based on location and everything else going long EA before major news was big no. anyway keep honing your skills from 2016 The Importance of Mistakes All automatic guidance systems reach their goals by constantly correcting mistakes. A guided missile on its way to its target has sensors that detect when its off course. The guidance mechanism then makes...
Excellent point about the mistakes missile. The little journal I've created for your system has already reached 12 pages. While I will forever consider myself a student, I'll try not to make the same mistake over and over again. This is a gold mine thread we're talking about...

By the way, did you mean AU's "employment change" by "major news"?

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If you can't measure it, you can't improve it!
  • #33,342
  • Dec 18, 2019 8:01pm Dec 18, 2019 8:01pm
Expecting some USD bull reaction here.We'll see
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In trading, you have to be defensive and aggressive at the same time
  • #33,343
  • Edited 8:17pm Dec 18, 2019 8:06pm | Edited 8:17pm
we have japan and gbp events ahead but we don't know whether or not currencies respond to these events remain to be seen.
I'm only holding 1 short GU and I don't intend to open any other, because it's complicated to me understand BREXIT trouble.
I can understand that no changes are expected from the Bank of England on Thursday but the central bank could hint of 2020 easing. Inflation is very low, having fallen to 1.5% in October and holding there in November.
This is far below the 2% target.
In this scenario, easing is more likely on the horizon and if the central bank emphasizes low inflation or its slow recovery in its policy statement, my GBP / USD could extend its drop below 1.30 or 1.28 if they cut the rate
  • #33,344
  • Dec 18, 2019 8:22pm Dec 18, 2019 8:22pm
Look what happened so far this week:
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  • #33,345
  • Dec 18, 2019 8:25pm Dec 18, 2019 8:25pm
Quoting ikdenk
Look what happened so far this week:{image}
I am still kicking myself for getting out early on GC could of made lots of K's
In trading, you have to be defensive and aggressive at the same time
  • #33,346
  • Dec 18, 2019 8:37pm Dec 18, 2019 8:37pm
Quoting Davit
Expecting some USD bull reaction here.We'll see {image}
yes, the dollar did not react negatively to US President Donald Trump's impeachment
  • #33,347
  • Dec 18, 2019 8:43pm Dec 18, 2019 8:43pm
Quoting ppxdf
{quote} yes, the dollar did not react negatively to US President Donald Trump's impeachment
Its a none issue since senate Republicans will not pass hence Trump wont be removed and he'll have the stigma but still stay as President until elections.
In trading, you have to be defensive and aggressive at the same time
  • #33,348
  • Dec 18, 2019 9:10pm Dec 18, 2019 9:10pm
Today, President Trump became only the third president in the history of our republic to be impeached. The vote was largely along party lines. Soon the US Senate will have a trial to determine whether, or not, to remove President Trump from office. A 2/3 majority vote is needed to remove the president from office & the Republicans (President Trump's party) hold a majority of 53 of the 100 seats in the senate so it is very unlikely that he will be removed from office.
  • #33,349
  • Dec 18, 2019 11:59pm Dec 18, 2019 11:59pm
Quoting Davit
{quote} I am still kicking myself for getting out early on GC could of made lots of K's
Hi Davit,
I have said those words to myself many times over the years.
R
Ronnie Renko
  • #33,350
  • Dec 19, 2019 3:38am Dec 19, 2019 3:38am
just close my AC.
probably I will buy more today.
i'm looking at the research that should come out today about canada's gdb on monday 23th
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  • #33,351
  • Dec 19, 2019 4:00am Dec 19, 2019 4:00am
Quoting ppxdf
we have japan and gbp events ahead but we don't know whether or not currencies respond to these events remain to be seen. I'm only holding 1 short GU and I don't intend to open any other, because it's complicated to me understand BREXIT trouble. I can understand that no changes are expected from the Bank of England on Thursday but the central bank could hint of 2020 easing. Inflation is very low, having fallen to 1.5% in October and holding there in November. This is far below the 2% target. In this scenario, easing is more likely on the horizon...
https://business.financialpost.com/p...no-deal-brexit
  • #33,352
  • Edited 6:25am Dec 19, 2019 5:43am | Edited 6:25am
Hi guys I need your opinion. Is Oanda screwing me?
entree 6252 price 6188 that's basically 60pips spread 2pips should show 600 gain instead shows 440 something. That's staggering 160 dollar short.
I am puzzled...One of my positions on EA. That's like spread of 15pips+


Edit
Thank you for the answer.
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In trading, you have to be defensive and aggressive at the same time
  • #33,353
  • Dec 19, 2019 6:07am Dec 19, 2019 6:07am
Quoting Davit
Hi guys I need your opinion. Is Oanda screwing me? entree 6252 price 6188 that's basically 60pips spread 2pips should show 600 gain instead shows 440 something. That's staggering 160 dollar short. I am puzzled...One of my positions on EA. That's like spread of 15pips+ Now I am wondering these guys put me in special category to force $$ out of me since they cant blow my account.Like special APP running on my account Anyone with Oanda account here on EA can you check your gain-spread if money is correct? {image}

pip value for euraud is ~USD6.87

https://www.mataf.net/en/forex/tools/pip-value
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33,354
  • Dec 19, 2019 6:18am Dec 19, 2019 6:18am
Quoting emmanuel7788
{quote} pip value for euraud is ~USD6.87 https://www.mataf.net/en/forex/tools/pip-value
Then it's allright.

64 pips x USD6.87 = $439.68
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Porta itineris dicitur longissima esse
  • #33,355
  • Dec 19, 2019 6:19am Dec 19, 2019 6:19am
Quoting emmanuel7788
{quote} pip value for euraud is ~USD6.87 https://www.mataf.net/en/forex/tools/pip-value
I was under impression 1 standard lot =10dollars but I guess I was wrong.Thanks I was ready to close my account at Oanda...
In trading, you have to be defensive and aggressive at the same time
  • #33,356
  • Dec 19, 2019 6:22am Dec 19, 2019 6:22am
Quoting Davit
Hi guys I need your opinion. Is Oanda screwing me? entree 6252 price 6188 that's basically 60pips spread 2pips should show 600 gain instead shows 440 something. That's staggering 160 dollar short. I am puzzled...One of my positions on EA. That's like spread of 15pips+ Now I am wondering these guys put me in special category to force $$ out of me since they cant blow my account.Like special APP running on my account Anyone with Oanda account here on EA can you check your gain-spread if money is correct? {image}
6252 - 6188 = 64 PIPs
64 - spread = 62 PIPs

PIP value = $6.87285 per PIP

62 * 6.87285 = $426
If you can't measure it, you can't improve it!
  • #33,357
  • Dec 19, 2019 6:32am Dec 19, 2019 6:32am
Closed EA decent gainIf it spikes up above 62 may consider reload

WP at 6183 proving tough nut to crack why I closed
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In trading, you have to be defensive and aggressive at the same time
  • #33,358
  • Dec 19, 2019 6:37am Dec 19, 2019 6:37am
Holding AC
Some signs of USD bulls coming out of the woods.Nice need NU to drop as much as she can
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In trading, you have to be defensive and aggressive at the same time
  • #33,359
  • Dec 19, 2019 6:57am Dec 19, 2019 6:57am
Not much going on today other then Philly Fed Manufacturing Index if green could bring out more USD bulls if not then may fizzle out.
What's holding USD back is This

Senate Majority Leader Mitch McConnell told GOP senators at a policy lunch yesterday that he will announce by the end of the week the date for the start of an impeachment trial in the Senate
This will allow senators to depart Washington for a two-week holiday recess with certainty about when the trial will begin. We don’t know what that date will be but there are strong suggestions from pretty much everyone it will be the week of Jan. 6.
McConnell is expected to meet with Senate Minority Leader Chuck Schumer to begin hashing out an agreement on the rules and structure of the trial. Both have said they intend to meet but we it's unclear when that will happen.


I dont think it matters much however market does not like uncertainty why tepid USD buys.
In trading, you have to be defensive and aggressive at the same time
  • #33,360
  • Dec 19, 2019 7:47am Dec 19, 2019 7:47am
AUDCAD
I elected to take profit +234 pips due to failure to break London Open.
I have stressed this before, April 11, 2019 8:53 am Post 28,551
Let us see if the 8.30 News will follow through for AUD strength?
I would prefer a strong Close above the London Open. I am waiting!
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