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EURUSD

  • #785,341
  • Apr 9, 2013 12:34pm Apr 9, 2013 12:34pm
Quoting hadox
you also get your profit or loss in jpy?
Yes if my base currency in JPY. You answer my question with question?
  • #785,342
  • Apr 9, 2013 12:34pm Apr 9, 2013 12:34pm
Quoting 1candlepower
i see your problem, i feel your pain but one Q: as a trader who uses candles (and etc.), why do you use heikin-ashi view, since it removes normal candle pattern clues?
no pain.. got out already.. I have all the other candles in mt4..
  • #785,343
  • Apr 9, 2013 12:38pm Apr 9, 2013 12:38pm
Quoting ultra_knight
Continue holding long.. for tp 3180

Why be so greedy?

With so much potential for a reversal around the 38 fib
Money never sleeps...
  • #785,344
  • Apr 9, 2013 12:39pm Apr 9, 2013 12:39pm
Quoting Ken A
How about USD/JPY which is 99.9 worth less than USD?
Usd is your base currency
Jpy is your quoted currency

your P/L is in JPY..
Patience is a virtue...
  • #785,345
  • Apr 9, 2013 12:42pm Apr 9, 2013 12:42pm
Quoting 21vs7
and nostro vostro __________________
My money is my money regardless
  • #785,346
  • Edited 1:08pm Apr 9, 2013 12:43pm | Edited 1:08pm
Quoting hadox
Remember the quoted currency id DKK, which currently is about 5,70 times less worth than the USD..
Yes it is, but if you were to only trade EUR/USD instead you would not be able to leverage as much.

In the end, when you do the math USD/DKK has the potential to give you far more gains.

Because at the end of the day you can leverage a lot more with the same margin requirements.

This is assuming that your system is profitable of course. If it is not you will lose more money than you would trading EUR/USD.
Trade at your own risk.
  • #785,347
  • Apr 9, 2013 12:44pm Apr 9, 2013 12:44pm
Now let's keep it within 10 pips here at the top and drive everybody nuts. Yes? Yes.
  • #785,348
  • Apr 9, 2013 12:44pm Apr 9, 2013 12:44pm
I expect that 38% fib to be pain in my a$$ as well. I will very possibly cover most of longs in ,311 -,314 area. Only the ones from ,285 will remain and I hope their time will come, like in 2 month. Need to wait.

edit: Lol Attila .
"I know one thing, that I know nothing." Sokrates
  • #785,349
  • Apr 9, 2013 12:44pm Apr 9, 2013 12:44pm
Quoting hadox
Usd is your base currency Jpy is your quoted currency your P/L is in JPY..
yes..and as you know brokers offer instant account change pleasure into your wallet currency
  • #785,350
  • Apr 9, 2013 12:49pm Apr 9, 2013 12:49pm
Quoting Fx3423454
Yes it is, but if you were to only trade EUR/USD instead you would not be able to leverage as much. In the end, when you do the math DKK/USD has the potential to give you far more gains. Because at the end of the day you can leverage a lot more with the same margin requirements. This is assuming that your system is profitable of course. If it is not you will lose more money than you would trading EUR/USD.
100 pips in EUR/USD is the same as 570 pips in USD/DKK ..
Patience is a virtue...
  • #785,351
  • Apr 9, 2013 12:50pm Apr 9, 2013 12:50pm
Quoting Tom_D_Trader
I expect that 38% fib to be pain in my a$$ as well. I will very possibly cover most of longs in ,311 -,314 area. Only the ones from ,285 will remain and I hope their time will come, like in 2 month. Need to wait. edit: Lol Attila .
why I hate their mofu guts.
  • #785,352
  • Apr 9, 2013 12:52pm Apr 9, 2013 12:52pm
Quoting Vachus
I will be off for a little bit, will come back when we reach 130 on EURJPY ... till then, trade safe !
Feb 25, 2013 23:03


Its a great trade, i have opened positions averaged " 1.22900 " because i kept on adding to it. I think i underestimated EURJPY ... I'm targeting 140 now, in a two month window we could be there.

I'm back for now
"It's the Margin, Stupid."
  • #785,353
  • Apr 9, 2013 12:52pm Apr 9, 2013 12:52pm
Quoting Fx3423454
Yes it is, but if you were to only trade EUR/USD instead you would not be able to leverage as much. In the end, when you do the math DKK/USD has the potential to give you far more gains. Because at the end of the day you can leverage a lot more with the same margin requirements. This is assuming that your system is profitable of course. If it is not you will lose more money than you would trading EUR/USD.
Assuming my base currency is USD. If I traded 1 standard lot the value per pip is $10.

If I trade EUR/JPY per pip roughly $11.9.

How much per pip if I traded 1 standard lot USD/DKK?
  • #785,354
  • Apr 9, 2013 12:52pm Apr 9, 2013 12:52pm
Quoting 21vs7
yes..and as you know brokers offer instant account change pleasure into your wallet currency
yup..

but i does'nt change the fact that JPY is 99.9 less worth than the USD..

my point was that 100 pips in the EUR/USD is the same as 570 pips in USD/DKK.. and yes it moves more than the eur/usd, and yes there is a reason why..
Patience is a virtue...
  • #785,355
  • Apr 9, 2013 12:56pm Apr 9, 2013 12:56pm
Quoting attila
Now let's keep it within 10 pips here at the top and drive everybody nuts. Yes? Yes.
They love doing this dude...
  • #785,356
  • Apr 9, 2013 12:57pm Apr 9, 2013 12:57pm
Quoting Vachus
Feb 25, 2013 23:03 Its a great trade, i have opened positions averaged " 1.22900 " because i kept on adding to it. I think i underestimated EURJPY ... I'm targeting 140 now, in a two month window we could be there. I'm back for now
Congrats. Glad to know someone is also taking advantage of the move since we last talked in January 2013
  • #785,357
  • Apr 9, 2013 12:59pm Apr 9, 2013 12:59pm
Quoting math_GB
They love doing this dude...
yep. and then they put a spike right up our ass..
  • #785,358
  • Apr 9, 2013 1:00pm Apr 9, 2013 1:00pm
had to do calculations for HUFTRY and PLNCZK to figure this shjiit out for the indexes. Vs NOK SEK and RUB. all fooking glorious combinations

aaaand...usddkk 100k ag eurusd 100k is 180ish vs 100 pippers
  • #785,359
  • Apr 9, 2013 1:04pm Apr 9, 2013 1:04pm
Quoting hadox
100 pips in EUR/USD is the same as 570 pips in USD/DKK ..
Yes, that part is understood.

However, let me put it to you this way.

500,000 EUR/USD Margin Requirement = $15,000
500,000 USD/DKK Margin Requirement = $10,000

Do the math, I already did.

If you are a consistently profitable trader you can make more trading USD/DKK.
Assuming that your broker allows this and the margin requirements are as I mentioned above with your broker.

Also assuming spreads are as low as they are with my broker (FXCM).
Spread currently is 7.8 for USD/DKK.

Margin requirements are $2,000 for every 100,000 units.
Trade at your own risk.
  • #785,360
  • Apr 9, 2013 1:05pm Apr 9, 2013 1:05pm
New H1 high, and couldn't close higher...possible retracement towards 1,3075-80 at this point.
COT: The precious data ignored
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