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  • #577,921
  • Edited 4:02am Dec 27, 2011 3:49am | Edited 4:02am
Quoting KillerWhale
A move of $1.00 per ounce is 10,000 pips. That's what Oanda gives.
A move of $0.01 is 100 pips. Same as with EU

, i have never traded oanda web platform. but oanda mt4 use $1 = 100 pip for silver and gold like other broker
and
1 lot = 5,000 Troy Oz silver
1 lot = 10 Troy Oz Gold
Mohan
  • #577,922
  • Dec 27, 2011 3:53am Dec 27, 2011 3:53am
Here she is ...



Inserted Video






;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #577,923
  • Dec 27, 2011 3:56am Dec 27, 2011 3:56am
Quoting Tom_D_Trader
Can someone tell me who is the Pip you are talking about? I thought it was an imaginary british kid from Southpark. I didnt know he is important for trading.

T
lol....
  • #577,924
  • Dec 27, 2011 3:56am Dec 27, 2011 3:56am
I find a bit more, relevant to eurjpy, I also trade this pair, but I am not trading this week:

China and Japan agreed to promote direct trading of the Chinese Yuan and the Japanese Yen, without involving US dollar after a meeting between Chinese Premier Wen and Japan Prime Minister Noda. The governments said that direct yuan-yen settlement should reduce currency risks and trading costs. Also such arrangement should benefits the ease of trade and investments between the two nations and strengthen the region's ability to protect against global risks. Separately, China announced a USD 11b currency swap agreement with Thailand last week. meanwhile, Japan also unveiled a currency swap line with India of around USD 10b. Japan will also start buying Chinese bonds for its foreign exchange reserves.

Talking about Japan, BoJ November minutes unveiled that some board members noted "weakness in share prices and real estate investment trusts, the yen's rise and climbing dollar funding costs" and "instability in global financial markets" are affecting Japan's market "to some extent". Some members pointed to increasing downside risk to the economy. Meanwhile, the bank noted that the lack of full subscriptions to the corporate debt buying offers is a sign that quantitative easing has been effective.

On the data front, Japan corporate service price index dropped -0.2% yoy in November. Housing starts dropped -0.3% yoy in November. Swiss UBS consumption indicator, US S&P Case-shiller 20 cities house price and consumer confidence will be featured later today.
Beauty awakens the soul to act. Dante Alighieri
  • #577,925
  • Dec 27, 2011 4:04am Dec 27, 2011 4:04am
I wonder which one of you is right with those pips, but only very little. I have totally no clue, as I have never traded silver and "pip" is just a technical name. And since silver is not traded in standard 100.000 USD (or EUR) per lot, but in ounces, interpretation can be different from currency pairs.

I suggest you find it in some dictionary and smash that dictionary over your oponents head.

T
"I know one thing, that I know nothing." Sokrates
  • #577,926
  • Edited 4:19am Dec 27, 2011 4:06am | Edited 4:19am
Quoting Tom_D_Trader
I wonder which one of you is right with those pips, but only very little. I have totally no clue, as I have never traded silver and "pip" is just a technical name. And since silver is not traded in standard 100.000 USD (or EUR) per lot, but in ounces, interpretation can be different from currency pairs.

I suggest you find it in some dictionary and smash that dictionary over your oponents head.

T
just open a mt4 demo and buy silver set tp using pip , it's easy (if i am not wrong , all commodity $1= 100 pip )
Mohan
  • #577,927
  • Dec 27, 2011 4:19am Dec 27, 2011 4:19am
Quoting LaMaschera
I find a bit more, relevant to eurjpy, I also trade this pair, but I am not trading this week:...
That is a nice one post. I feel obligated to answer, since this thread lacks of fundamental debate.

Regarding Japan buying China bonds. Expectable move and in fact I thought they are doing it for quite some time. Not only China bonds, but Asian bonds generally. FED is pumping BOJ with USD and also BOJ was intervening in the long term against appreciacion of their currency, thus buying foreign currencies. As a result, BOJ is filled with foreign exchange reserves, mainly USD. So as new waves of QE come, they are diversifying risk.

What I absolutely dont understand is "direct trading of the Chinese Yuan and the Japanese Yen". I mean wtf? Yuan is not a floating currency and its respective value is set by PBOC. I havent read news for quite some time but this sounds like a very bad hoax. The only way how could Japan agree to such an agreement is short term fixed amount of Yuans for a fixed price, which they plan to use very soon. Imagine they buy Yuans and next day PBOC says: "Hey, we have made a mistake, errrmm. Ah, sry guys, we have almost forgot. Yuan should be 20% weaker. Ok, starting.... now!"

T
"I know one thing, that I know nothing." Sokrates
  • #577,928
  • Dec 27, 2011 4:22am Dec 27, 2011 4:22am
Quoting mohan76
just open a mt4 demo and buy silver set tp using pip , it's easy (if i am not wrong , all commodity $1= 100 pip )
Well I believe you much more than I believe to Whalie here. I have already acknowledged he doesnt have a clue pretty often. Nevertheless, I dont know this issue, so I am standing aside and am eagerly waiting for a link to dictionary .

T
"I know one thing, that I know nothing." Sokrates
  • #577,929
  • Dec 27, 2011 4:26am Dec 27, 2011 4:26am
Quoting Tom_D_Trader
Yuan is not a floating currency and its respective value is set by PBOC. !"

T
nice view, i had same doubt, i am beginner in fundamental . is it kind swap deal ? (i hope i use correct term )
Mohan
  • #577,930
  • Dec 27, 2011 4:34am Dec 27, 2011 4:34am
Quoting mohan76
...is it kind swap deal ? ..
If currencies are swapped between banks, it is a currency swap, so yes. There are many types of swaps. For example QE is a liquidity swap.

Btw FED is using currency swap lines with almost all CBs around the world. Mainly with ECB, but Brittains, Swiss and Japan is involved as well. Right now FED is holding the whole financial world from crumbling doing this. Btw, thats why it was such an important information like three weeks ago, when swap rates were lowered.

T
"I know one thing, that I know nothing." Sokrates
  • #577,931
  • Edited 4:52am Dec 27, 2011 4:36am | Edited 4:52am
Quoting Tom_D_Trader
If currencies are swapped between banks, it is a currency swap, so yes. There are many types of swaps. For example QE is a liquidity swap.

Btw FED is using currency swap lines with almost all CBs around the world. Mainly with ECB, but Brittains, Swiss and Japan is involved as well. Right now FED is holding the whole financial world from crumbling doing this. Btw, thats why it was such an important information like three weeks ago, when swap rates were lowered.

T
thanks

Edit : Indian News media also reporting Japan and india going to sign $10 Billion Dollar Swap deal
and Bloomberg too
http://www.bloomberg.com/news/2011-1...swap-deal.html
Mohan
  • #577,932
  • Dec 27, 2011 5:07am Dec 27, 2011 5:07am
sell
  • #577,933
  • Dec 27, 2011 5:13am Dec 27, 2011 5:13am
Quoting dean1star
sell
hi dean1star
why do you chose sell EU?
and how is take profit with stop loss?
regard you
  • #577,934
  • Dec 27, 2011 5:34am Dec 27, 2011 5:34am
Quoting caonguyen
hi dean1star
why do you chose sell EU?
and how is take profit with stop loss?
regard you
you have plenty of questions, remember these markets are more or less closed.
rat
  • #577,935
  • Dec 27, 2011 5:39am Dec 27, 2011 5:39am
Right now even those who are brave enough to trade would not want to do that with huge positions. There are more scalpers in the market right now but even these have gotten bored and gone fishing/camping/surfing since the low liquidity hounded them out.
  • #577,936
  • Dec 27, 2011 5:43am Dec 27, 2011 5:43am
Quoting caonguyen
hi dean1star
why do you chose sell EU?
and how is take profit with stop loss?
regard you
possible reason could be 80/82 so far holding so he/she expected rejection here. Please read about support and resistant.

check out
http://www.babypips.com/school/
Mohan
  • #577,937
  • Dec 27, 2011 5:44am Dec 27, 2011 5:44am
Quoting dean1star
sell
sell

target .3060

just make a living

(CB Consumer Confidence )
Always Learn,..
  • #577,938
  • Dec 27, 2011 5:45am Dec 27, 2011 5:45am
Looks like the race for the most worthless post is on. I will join the parade.

Do you think Santa has problems with cholesterol?

T
"I know one thing, that I know nothing." Sokrates
  • #577,939
  • Dec 27, 2011 5:49am Dec 27, 2011 5:49am
Quoting Tom_D_Trader
Looks like the race for the most worthless post is on. I will join the parade.

Do you think Santa has problems with cholesterol?

T
may be Santa was invested in Greece BOND ,

only Asian secession have some movement (approx 20 pips in 3-4 h)

edit : Time to sleep , bye
Mohan
  • #577,940
  • Dec 27, 2011 5:53am Dec 27, 2011 5:53am
Quoting mohan76
may be Santa was invested in Greece BOND ,
I dont think he did. Greeks have been very naughty and deserve to get spanked.
"I know one thing, that I know nothing." Sokrates
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