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EurAnalysis Kindergarten 24 replies

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  • #49,361
  • Aug 22, 2012 1:12pm Aug 22, 2012 1:12pm
This is a little off topic but could somebody tell me why some pairs give more than $10 per pip?

JPY pairs normally are like $12.50 per pip.

GBP/AUD also is more than 1:1 ratio.

I can't find why it's like that... Also, JPY pairs seems to use less margin then other pairs.

Maybe if somebody has a link for me to read up as to why this is. Thanks!
  • #49,362
  • Aug 22, 2012 1:13pm Aug 22, 2012 1:13pm
Quoting catwoman


Attachment
You are cute but a bit young
  • #49,363
  • Aug 22, 2012 1:13pm Aug 22, 2012 1:13pm
Quoting 100PipsADay
LOL, I also posted to make sure it wasn't me! LOL


Had to check... I've been on the bull wagon since last Friday when I posted my thoughts and promptly went out and got drunk
I observe your reality but live my own.
  • #49,364
  • Aug 22, 2012 1:13pm Aug 22, 2012 1:13pm
Quoting Paulenok
Sums up perfectly
  • #49,365
  • Aug 22, 2012 1:13pm Aug 22, 2012 1:13pm
Quoting Cgb
Wow, people are really getting nasty around here...

PS: This post is to also check if I was one of the scrubbed ones
Quoting 100PipsADay
LOL, I also posted to make sure it wasn't me! LOL
Were you guys up to no good and I didn't notice. You both seem to be feeling a bit guilty... or perhaps you figure I have lost my ability to be reasonable
Those who say it cannot be done should not interrupt those who are doing it
  • #49,366
  • Aug 22, 2012 1:14pm Aug 22, 2012 1:14pm
Quoting PipTrapper
OMG Doc. Was that really necessary?
LOL!!

Dont sweat it PT...
  • #49,367
  • Aug 22, 2012 1:15pm Aug 22, 2012 1:15pm
Quoting PipTrapper
Industrial grade. I cannot stand hecklers. They are like mosquitoes that never quit buzzing around your ear.
Wish that stuff was still legal in Ontario. I'm one of the few in our neighbourhood that still has a decent lawn, but then again, my OCD makes me go and pick it out when I see one grow!
I observe your reality but live my own.
  • #49,368
  • Aug 22, 2012 1:15pm Aug 22, 2012 1:15pm
Quoting PipTrapper
OMG Doc. Was that really necessary?
oh yes PT,i believe it is.the most important reason is if some one putting thier analysis in demo mode,that basically does'nt reflect the true sentiment behind it. which could be quite misleading in its implication and for me true sentiments are as important as fundamentals and technicals.
Allah has permitted trade and has forbidden interest [koran]
  • #49,369
  • Aug 22, 2012 1:17pm Aug 22, 2012 1:17pm
Quoting PipTrapper
Were you guys up to no good and I didn't notice. You both seem to be feeling a bit guilty... or perhaps you figure I have lost my ability to be reasonable
Isn't that the only way to have fun?
I observe your reality but live my own.
  • #49,370
  • Aug 22, 2012 1:17pm Aug 22, 2012 1:17pm
Quoting Paulenok
This vouch thing...sounds embarassing. I believe Wulf indeed traded/is trading LIVE, so that post seems unfair on his behalf. However, one sudden move of 100/200 pips doesn't turn the world around, time will decide, if this August BS was really to be meant or is it just a pure speculation, again, time will tell, so for now- September is yet to come...
i do trade live. I just am not trading live this month because last month exxceeded my daylight limit.
In my traing plan this happening means that i go back to trading a demo account until i double a Demo using a 2%risk per trade methodology and keep my journal and undergo a thorough self audit without risking anymore of my capital

Doc may just not understand that aspect of my trading plan.
  • #49,371
  • Aug 22, 2012 1:18pm Aug 22, 2012 1:18pm
Check baby, check baby 1, 2, 3, 4. check baby check baby 1, 2, 3! Am I still here?

Inserted Video
  • #49,372
  • Aug 22, 2012 1:18pm Aug 22, 2012 1:18pm
Quoting PipTrapper
Were you guys up to no good and I didn't notice. You both seem to be feeling a bit guilty... or perhaps you figure I have lost my ability to be reasonable
LOL.

No you are definitely a very respectful and reasonable person.
  • #49,373
  • Aug 22, 2012 1:20pm Aug 22, 2012 1:20pm
Quoting PipTrapper
In that case, thanks for the advice. It's duly noted.

Now if you don't mind, can you tell me why I should be trying to close my shorts? My projection for the Euro is below 1.20 and my break even is somewhere up above 1.30 You see I have massive shorts at 1.4647 and 1.3410 and the shorts you see on my chart below 1.2500 are all small and most of them already have partial profit taken from them.
What are these numbers ? Do you mean 1.23 or 1.30XX

Anyway , the break out could be fake out and you end up in the right shoulder of an upward trend - and personally i see that more than possible .. especially with the ECB intervention and Greece is getting the extension and stable government ... there is no reason for the Euro to fall under 1.20 - which was the last time cause by the Spanish Yields rising to a new high !
The USA also is not in better shape and looks it can't kick the Euro as much .

I think we go back to define the word " Cheap Euro " because Euro at 1.30 is cheaper than 1.60 , and 1.20 is expensive to 1.15 ! So, since we got a number from Dragni which was 1.30 , therefore it should mean something like that or near it.

But all of that could be wrong , and i'm just sharing my opinion. And i put real money on my trades and believes - not demo even.
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"It's the Margin, Stupid."
  • #49,374
  • Aug 22, 2012 1:21pm Aug 22, 2012 1:21pm
Quoting Pip_Warrior
I'm underwater at the moment. But like you said in a later post, it is all a learning experience. But you are certainly not the only person who takes losses


i was actually saying it mostly just to point out that while many of us on hereare quick to point out our wins. i feel it is equally important to share our losses.

I, for one, learn from both wins and losses. but Losses make me think a bit more critically

Obviously there is more emotion tied to losses for most learning this business. IMHO the more we practice HONESTY and talk about our drawdowns and what we can do about them the less of an emotional hold they place on us and the less likely we are to make mistakes then based on those emotions and rash decisions that inadvertently follow emotional trading.

Again this is just me thinking aloud. Trading is an intensely personal experience for many. We all undergo unique emotional and mental struggles and victories and need to learn to conquer both to be successful.
  • #49,375
  • Aug 22, 2012 1:22pm Aug 22, 2012 1:22pm
Quoting 100PipsADay
This is a little off topic but could somebody tell me why some pairs give more than $10 per pip?

JPY pairs normally are like $12.50 per pip.

GBP/AUD also is more than 1:1 ratio.

I can't find why it's like that... Also, JPY pairs seems to use less margin then other pairs.

Maybe if somebody has a link for me to read up as to why this is. Thanks!
It's the exchange rate. Your account is in USD. Think about it. In E/U with a USD account 1 standard pip with 1 standard lot is exactly $10 per pip no matter what the exchange rate is because the price is based on the USD value of the primary currency which is the Euro.

In USD/JPY, the primary currency is USD so the price is in Yen and so the pip value is based on the exchange rate between the Yen and the USD.

If your account was funded in Yen, then the pip value would be constant no matter what the exchange rate is
Those who say it cannot be done should not interrupt those who are doing it
  • #49,376
  • Aug 22, 2012 1:23pm Aug 22, 2012 1:23pm
Quoting 100PipsADay
This is a little off topic but could somebody tell me why some pairs give more than $10 per pip?

JPY pairs normally are like $12.50 per pip.

GBP/AUD also is more than 1:1 ratio.

I can't find why it's like that... Also, JPY pairs seems to use less margin then other pairs.

Maybe if somebody has a link for me to read up as to why this is. Thanks!

Pip Value Calculator

If USD is presented as the first currency in the currency pair (for example, USD/CHF, USD/CAD, etc.) then the value of a pip in a deal with volume 1 lot will be 1/(current rate of this currency pair).

USD/CHF = 1/(USD/CHF) => 1/1.0418 = 0.9598 (deal with volume 1 lot)

The only exception is currency pair USD/JPY which has too low rate; we have to divide 100 by the current rate of USD/JPY.

USD/JPY = 100/(USD/JPY) => 100/105.06 = 0.9518 (1 lot deal)

Replace $1 to $10 for standard lot.
  • #49,377
  • Aug 22, 2012 1:24pm Aug 22, 2012 1:24pm
Quoting drzakir123
oh yes PT,i believe it is.the most important reason is if some one putting thier analysis in demo mode,that basically does'nt reflect the true sentiment behind it. which could be quite misleading in its implication and for me true sentiments are as important as fundamentals and technicals.
That doesn't make their analysis less accurate or unreliable. Perhaps on the contrary it puts a more objective view because they don't have skin in the game.

I do have real skin in the game and I said "bullish" a week ago. Did I follow thru? Not as much as I should have and now deeper underwater than I was last week.

So I think you are being unfair with Wulf in your comments.
I observe your reality but live my own.
  • #49,378
  • Aug 22, 2012 1:24pm Aug 22, 2012 1:24pm
Quoting FXSwissTrader
Check baby, check baby 1, 2, 3, 4. check baby check baby 1, 2! Am I still here?

http://www.youtube.com/watch?v=iKKONgfNONU
Those who say it cannot be done should not interrupt those who are doing it
  • #49,379
  • Aug 22, 2012 1:24pm Aug 22, 2012 1:24pm
Quoting PipTrapper
It's the exchange rate. Your account is in USD. Think about it. In E/U with a USD account 1 standard pip with 1 standard lot is exactly $10 per pip no matter what the exchange rate is because the price is based on the USD value of the primary currency which is the Euro.

In USD/JPY, the primary currency is USD so the price is in Yen and so the pip value is based on the exchange rate between the Yen and the USD.

If your account was funded in Yen, then the pip value would be constant no matter what the exchange rate is
Ohhhh, makes sense! Can't believe I didn't think about the exchange rate...

Thanks PT.
  • #49,380
  • Aug 22, 2012 1:33pm Aug 22, 2012 1:33pm
Quoting Vachus
What are these numbers ? Do you mean 1.23 or 1.30XX

Anyway , the break out could be fake out and you end up in the right shoulder of an upward trend - and personally i see that more than possible .. especially with the ECB intervention and Greece is getting the extension and stable government ... there is no reason for the Euro to fall under 1.20 - which was the last time cause by the Spanish Yields rising to a new high !
The USA also is not in better shape and looks it can't kick the Euro as much .

I think we go back to define the word...
Yes okay I see what you mean.

The 1.4647 and 1.3410 are absolutely correct. They are not a typo. So if this pair decides to settle at 1.30, then I am still in the green net net.

E/U Weekly
Attached Image (click to enlarge)
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Those who say it cannot be done should not interrupt those who are doing it
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