EURUSD

Quoting Ken A

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{quote} Isn't 1 standard lot = 100,000 units = $132,804 at the rate of 1.32804 or in Euro 100,000? And 1 yard for EUR/USD = $100,000/pip or 1 yard = 10,000 standard lots? $750 mil = 750 lots or 0.75 yard? Anyway anything above 1 lot is out of my league

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Quoting pkimnyc

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{quote} hda, what's your experience with oanda with institutional account? assuming you are with oanda service. if not with oanda then any recommendation?

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Quoting HDA

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{quote} @KEN A: It takes US$75 million to move the EUR 1 pip - to answer your question it all depends on the ZONE, the banks, option contracts, price action. Remember with price action, we can perform a wide range of technical analysis functions without the necessity of indicators. Price action helps with management of risk, that being, setting up good risk reward ratios on potential setups or even effectively managing positions after you've executed your the trade. This is why it is advised, get in, get out, hence take profit as you go along and...

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Quoting HDA

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{quote} @KEN A: You are correct - you do understand.

Yes - 1 YARD is 10,000 Standard lots which is the same as saying 1 Billion Units.

One Standard Lot pays US$10/pip 10,000 Standard Lots pays US$100,000/pip which is the same as saying 1 YARD

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Quoting HDA

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{quote} @KEN A: $750 mil = 750 lots or 0.75 yard? Was your question.

You are not correct. It is not 0.75 yards but 75yards Remember 1 standard Lot is 100,000 units and that 100,000 units is US$1000 for 1 Standard Lot

So divided $750,000,000 by $1,000 = 750,000 lots because 1 lot is US$1,000.

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Quoting Ken A

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{quote} {quote} You might have confused standard lot with micron/nano lot 1 micron lot = 1,000 units 1 mini lot = 10,000 units 1 standard lot = 100,000 units 1 mega lot = 1,000,000 units 1 yard = 1,000,000,000 units

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Quoting Ken A

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{quote} {quote} You might have confused standard lot with micron/nano lot 1 micron lot = 1,000 units = 0.01 standard lot 1 mini lot = 10,000 units = 0.10 standard lot 1 standard lot = 100,000 units = 1 standard lot 1 mega lot = 1,000,000 units = 100 standard lots 1 yard = 1,000,000,000 units = 10,000 standard lots

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Quoting HDA

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{quote} @KEN A: When I am explaining to you, I am using both units and dollars at the same time to explain. Answer this question - How many US$ (cash) does it take to control 100,000 units which is 1 standard lot in the market?

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Quoting Ken A

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{quote} {quote} You might have confused standard lot with micron/nano lot 1 micron lot = 1,000 units = 0.01 standard lot = $0.1/pip for all XXX/USD 1 mini lot = 10,000 units = 0.10 standard lot = $1/pip 1 standard lot = 100,000 units = 1 standard lot = $10/pip 1 mega lot = 1,000,000 units = 10 standard lots = $100/pip 1 yard = 1,000,000,000 units = 10,000 standard lots = $100,000/pip Value per pip for all XXX/JPY will depend on the exchange rate of USD/JPY

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Quoting HDA

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{quote} @KEN A: You have eliminated the Leverage which is relative to determine how many dollars control how many units in the market. So tell me the dollar figures (CASH) needed to control 100,000 units in the market at 100:1, 50:1, 20:1, 10:1 then you will understand that leverage determines that and from an institutional stand point the leverage is 100:1 unless you specify it to be changed.

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Quoting Ken A

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{quote} Depends on which pair and the exchange rate and your base currency For 1 standard lot of EUR/USD @ 1.32804 will need US$132,804 to control 100,000 units assuming account leverage is 1:1

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Quoting Ken A

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{quote} Actually I just answered you in the post above

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Quoting Ken A

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{quote} If we are talking about margin requirement, US$ 1,000 at 10:1 account leverage will control 75,298 units of EUR/USD @ 1.32804 To control 1 standard lot will need US$ 1,328.04 account leverage 10:1 of E/U @ 1.32804

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Quoting Rag2RichesFX

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{quote} are you a robot? your calls are never right and they mostly seem to be intraday calls that require 200-300 pip daily ranges you never give any detail or reasoning for the calls i'm seriously stumped at what you are doing if not grossly incompetent or trying to mislead other traders... Anyway here's something I felt like sharing with the rest of you, here is a very strong strategy i use for my NFP account. I only trade this strategy 12 times a year. Risk is up to you of course but this pretty much always works. {image}

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Quoting Venice

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{quote} You have a beautiful equity curve.

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Quoting pkimnyc

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{quote} how's your hang over?

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Quoting Rag2RichesFX

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{quote} mega lot is a term seldom used but i thought it was 10 mil units not 1 mil units 100 standard lots a nano lot is 100 units and very few brokers offer this (i wouldn't trust a broker that does honestly) micro lot 1000 units not that any of this actually matters, just something to talk about i guess

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Quoting Venice

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Aussie... i'm looking at the next bounce to start after touching the 8823'ish area. Demand derived from untouched zone... from 8/25/2010. Cheers

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Quoting cdndollar

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{quote} Like this? {quote} Aussi rising from the ashes in tandem with the Yellow Metal & Cable while EURGBP & EURJPY being massaged could add some near term sparks in the coming days.. Have a nice w/e

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Quoting HDA

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{quote} @Venice: I did an analysis of the AUD/USD but it was too much to type. In order to pin point DEMAND ZONE - true turning point with a high probability we have to look at a YEARLY chart specifically for the AUD/USD because of how it has been trending. I don't have the information I need to find that point - its is however going to continue falling but to how far before the turn - That's the information I'm lacking. But intra-day - AUD/USD Options expiry for Monday, August 5, 2013 Top Level - 0.9235, 0.9065, 0.9050, 0.9005, 0.9000 Bottom Level...

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Quoting Venice

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{quote} (Monthly Chart). 8407 is the source of the next available demand wave. You should start buying here, with a risk around .8000. Yes, I know this is 400 pips risk. Yes, the monthly chart is serious business and you aim for tradings that last a year +. On the flip side, the target is around 1800 pips @ 1.0220 ish. Of course... this trade in a multi year trade in the making Would be nice to collect that swap though while waiting on it to do its thing.

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