EURUSD CALLSThe price is forming a double bottom with higher lows just above the crucial demand zone.
Expecting the price to test the first major supply zone of 1.0847. And if successful at breaking it, then the price should keep going up to the next supply zone of 1.09, which just happens to be at the upper limit of the descending channel the pair has been trading in.
PIP
PiP: $0.29 | a Coinbase Web 3 Payment Solutiona micropayment that may just surprise the rest of the space
when this gets listed in the house of the BANKER
web3 payments should be after meme or gaming..
currently positioning for that thematic RUN UP aka Parabolic rise
as community is slowly building a solid following
body clock or behavior is similar to that of SOLANA and MATIC
USDJPY : Bullish potential seems intactHello dear friends!
Currently, the recent recovery of USD/JPY has stalled as it fluctuates around the strong resistance level at the psychological mark of 150, not far from the highest level of 152.00 in 2022. However, there are no signs that could cause USDJPY to reverse and decline significantly.
Furthermore, this currency pair is receiving support from a series of optimistic economic data from the United States (US).
From an analytical perspective:
The price consolidation formed over the past few days is gradually narrowing and could be broken at any time, with the current target still being evaluated as 150.000. Breaking through this strong resistance level would be a very powerful upward move.
LOT SIZE, PIPS AND LEVERAGE
WHAT IS LEVERAGE
Leverage is a tool that increases the purchasing power of the trader’s deposit. The mechanism is funded by the broker, or rather the liquidity provider working with the broker. The leverage mechanism is very simple. The higher the leverage is, the more funds we can invest in trading. Simply put, leverage is kind of a bank loan. But it is much cheaper, and the borrowers usually risk only their own funds on the account.
WHAT IS A PIP
A pip (percentage in point) is the minimum unit of measurement to express the change in value between two currencies in the Forex market. In currency pairs, 1 pip is often one hundred-thousandth, that is, the fifth decimal place in a currency quote (0.00001). For the derivatives, one pip is usually one hundredth (0.01). Simply put, a pip is the last decimal place in a quote. The pip cost is directly affected by the lot size.
LOT SIZE IS
The lot size is the number of currency units expressed in the quote currency that compose one whole contract. The quote currency is the currency that used to value the asset price. In the EUR/USD currency pair, the base currency is the EUR. Common lot types are: Standard,Mini-lot (0,1 of a standard one), Micro-lot (0,01 of a standard one), Nano-lot (0,001 of a standard one).
LOT AND LEVERAGE RELATION
The relation between these two concepts is that both these figures affect the total trade cost. The difference is that this influence is made in opposite directions. The larger is the lot size, the larger is the transaction volume, and, consequently, its value (I mean the security deposit you must have to open the position). However, the higher is the leverage, the less money is required for the trade margin and therefore, the less is the trade cost.
CONCLUSION
Forex lot size and leverage are the basic concepts for every forex trader. It is of key importance to understand them. Experiment with the calculator and the table to understand how the lot size and leverage affect your position size in particular and your trading in general. This practice will help you develop your own strategy and determine the “best” leverage for your trading goals.
Dear followers, let me know, what topic interests you for new educational posts?
LOT SIZE, PIPS AND LEVERAGE
WHAT IS LEVERAGE
Leverage is a tool that increases the purchasing power of the trader’s deposit. The mechanism is funded by the broker, or rather the liquidity provider working with the broker. The leverage mechanism is very simple. The higher the leverage is, the more funds we can invest in trading. Simply put, leverage is kind of a bank loan. But it is much cheaper, and the borrowers usually risk only their own funds on the account.
WHAT IS A PIP
A pip (percentage in point) is the minimum unit of measurement to express the change in value between two currencies in the Forex market. In currency pairs, 1 pip is often one hundred-thousandth, that is, the fifth decimal place in a currency quote (0.00001). For the derivatives, one pip is usually one hundredth (0.01). Simply put, a pip is the last decimal place in a quote. The pip cost is directly affected by the lot size.
LOT SIZE IS
The lot size is the number of currency units expressed in the quote currency that compose one whole contract. The quote currency is the currency that used to value the asset price. In the EUR/USD currency pair, the base currency is the EUR. Common lot types are: Standard,Mini-lot (0,1 of a standard one), Micro-lot (0,01 of a standard one), Nano-lot (0,001 of a standard one).
LOT AND LEVERAGE RELATION
The relation between these two concepts is that both these figures affect the total trade cost. The difference is that this influence is made in opposite directions. The larger is the lot size, the larger is the transaction volume, and, consequently, its value (I mean the security deposit you must have to open the position). However, the higher is the leverage, the less money is required for the trade margin and therefore, the less is the trade cost.
CONCLUSION
Forex lot size and leverage are the basic concepts for every forex trader. It is of key importance to understand them. Experiment with the calculator and the table to understand how the lot size and leverage affect your position size in particular and your trading in general. This practice will help you develop your own strategy and determine the “best” leverage for your trading goals.
I Hope you guys learned something new today✅
Wish you all Best Of Luck👍
😇And may the odds be always in your favor😇
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Trading Basics | Learn What is a PIP
👉What is a Pip?
The unit of measurement to express the change in value between two currencies is called a “pip.”
If EUR/USD moves from 1.1050 to 1.1051, that .0001 USD rise in value is ONE PIP.
A pip is usually the last decimal place of a price quote.
Most pairs go out to 4 decimal places, but there are some exceptions like Japanese yen pairs (they go out to two decimal places).
For example, for EUR/USD, it is 0.0001, and for USD/JPY, it is 0.01.
👉What is a Pipette?
There are forex brokers that quote currency pairs beyond the standard “4 and 2” decimal places to “5 and 3” decimal places.
They are quoting FRACTIONAL PIPS, also called “points” or “pipettes” which equal a 10th of a pip.
👉How to Calculate Pip Value:
👉The value of pip depends on the following three factors:
✔️The quoted currency
✔️The volume of the trade
✔️And the exchange rate
Based on these factors the fluctuation of even a single pip can have a significant impact on the value of the open position.
The value of 1 pip is calculated by the following formula:
The value of 1 pip = (Pip in decimal places * Trade Volume)
👉Example:
1 pip volume in EUR/USD is equal to 0.0001
Then 1 PIP VALUE equals:
100,000 EUR—> 100,000*0.0001= 10 USD
10,000 EUR—> 10,000*0.0001= 1 USD
1,000 EUR—> 1,000*0.0001= 0.1 USD
100 EUR—> 100*0.0001= 0.01 USD
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What do you want to learn in the next post?
S&P500 – TRADES | KW47 | INTRADAYIn today's post I present relevant marks of the S&P500 for the next week, which could support the one or the other, in their own analysis.
= since it is a very short-term time frame, I will not comment further.
= the technical analysis approaches, are shown in individual pictures in the contribution. So that an individual interpretation of the respective - standing alone - is possible.
= the title picture shows an example, of a possible trade. This is one of many possible setups, because the current course is not able to take a clear direction.
The following methods are used and shown in the following:
- SUPPLY&DEMAND ZONES
- FIBONACCI LEVEL
- POINTS OF INTEREST
- TREND LINES
SUPPLY & DEMAND ZONES
„4 hour + 1 day – time window“
„1 hour – time window“
„1-4 hour + 1 day – time window“
FIBONACCI LEVEL
„Intraday - time window“
„Day - time window“
POINTS OF INTEREST
„4 hour - time window“
TRENDLINES
„Intraday - time window“
„Day - time window“
RAW VERSION WITHOUT DRAWINGS
„4 hour - time window“
„1 hour - time window“
> Feel free to discuss this in the comments and share our perspectives, I'd be "burning" to hear your take on this.
If this idea and explanation has added value to you, I would be very happy to receive a review of it.
Thank you and happy trading!
🕵️♂️BASICS: WHAT IS A PIP❓
👉What is a Pip?
The unit of measurement to express the change in value between two currencies is called a “pip.”
If EUR/USD moves from 1.1050 to 1.1051, that .0001 USD rise in value is ONE PIP.
A pip is usually the last decimal place of a price quote.
Most pairs go out to 4 decimal places, but there are some exceptions like Japanese yen pairs (they go out to two decimal places).
For example, for EUR/USD, it is 0.0001, and for USD/JPY, it is 0.01.
👉What is a Pipette?
There are forex brokers that quote currency pairs beyond the standard “4 and 2” decimal places to “5 and 3” decimal places.
They are quoting FRACTIONAL PIPS, also called “points” or “pipettes” which equal a 10th of a pip.
👉How to Calculate Pip Value:
👉The value of pip depends on the following three factors:
✔️The quoted currency
✔️The volume of the trade
✔️And the exchange rate
Based on these factors the fluctuation of even a single pip can have a significant impact on the value of the open position.
The value of 1 pip is calculated by the following formula:
The value of 1 pip = (Pip in decimal places * Trade Volume)
👉Example:
1 pip volume in EUR/USD is equal to 0.0001
Then 1 PIP VALUE equals:
100,000 EUR—> 100,000*0.0001= 10 USD
10,000 EUR—> 10,000*0.0001= 1 USD
1,000 EUR—> 1,000*0.0001= 0.1 USD
100 EUR—> 100*0.0001= 0.01 USD
✅Tell us about issues you had with pips value calculation/understanding in the beginning of your trader’s journey in the comments✅
😊And See you next time😊
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AUD fundamentals looking volatile into tomorrow...Like most of the majors recently, AUD/USD has been plummeting like no tomorrow. 0.7000 could be on the cards looking at the inflation rates coming in tomorrows early hours.
As there is expected high volume over the next 12 hours please trade safe. Overall our bearish bias remains in place and further downside is to be expected.
Gold - Short (1500 Pips)XAU/USD
Daily Time frame
Gold looks to be creating a bear flag formation. We seen gold make an impulsive move to the down side towards the end of November 21 and since then it has been slowly making its way back up in a corrective manner. Price is currently rejecting the 61.8% Fibonacci where we have seen price react from once before so we could see a reversal here. Failing that we could see price move up a little further up to the 78.6% Fibonacci level as well as Daily/H4 structure. These levels are outside of the correction/bear flag resistance but could well turn out the be a "fake out". We have high impact USD new tomorrow afternoon which we should be aware of so please use proper risk management if trading during these announcements. Long term target is 1680 which is 1500 pips away so we will have other opportunity's to scale in & take partials on the way down.
GBP/AUD - Approaching Key Near Term Resistance!Price is currently residing around the 1.89 level which has proven to be key resistance in near term price. We do have a 200 pip upside risk represented by 2021 highs. Stochastics in overbought territory could indicate a potential retracement on the strong upside move. Today we have already filled the average daily pip movement!
BOE Thursday, NFP Friday...The Dollar has derived little or nothing from the hawkish leanings of Fed’s Waller who argues that with inflation running well above the 2% target an announcement on taper could come in September for an October start, and the FOMC should do it early and fast in order to be in position to increase rates in 2022, if needed.
In fact, the Buck is still on the back foot against almost all major counterparts and EM currencies, as the index continues to pivot 92.000 and skirt round numbers vs several G10 peers, like the Pound either side of 1.3900 in the run up to ‘super’ BoE Thursday and NFP the day after. Watch out for fridays impact and make sure to manage trades around the announcements.
EURAUD 4H PRICE ACTIONEURAUD has been in a slight up trend since March this year.
We are looking for an option that follows the growth trend of the euro.
Resistance at 1.5875 becomes support from July 16th.
The trend continues.
100 pips above resistance at 1.5975 becomes support from July 19th.
The trend continues.
Fib 0.236 was not observed as well as Fib 0.382.
A suitable possible option for buy is at the meeting of the support line with the trend line, which is also in the "golden zone".
Techniques such as moving average show up trend.
My expectations are LONG TERM @ 1.5985
Dollar 90.00 Tapped!Please don't forget to give us a like and follow if you find our analysis useful.
Prior chart:
The dollar appears to be getting a second wind after big beats in US headline and core US inflation, even allowing for base effects that implied an upside bias to market expectations, but initial gains were swiftly erased and reversed to leave the index languishing below pre-data levels at one stage.
Perhaps the Dollar took heed of the Fed’s view that spikes in CPI and other price metrics will prove to be transitory, though the reaction in US Treasuries and other global bonds has been more consistent with the reflation story.
Back to the DXY, and a slow grind higher following comments from Fed’s Clarida who is equally surprised by the CPI prints as he was with last Friday’s NFP upset kept the index above 90.000 from a marginal new 90.153 low and seemingly refreshed for a another rebound to notch a 90.718 high. Overall further downside is expected over the next couple of weeks.
EUR/AUD - Strong Bullish Upside PotentialPrice resides at long term lows - We've seen a double bottom formation @ 1.56 whole level and price has slipped into this 200 pip trading range.
We are expecting price to break out to the upside. Lets see what happens. It is well possible price dips and tests the 1.56 again, forming a triple bottom before strong bullish momentum takes over.
Any questions please feel free to DM me!
GBP/USD - More Dollar Strength on the way?Good afternoon traders, hope we all have a great weekend. Here's what GBP/USD is looking like heading into next week.
We can see price tagged 1.37 forming a triple top formation. As expected, bears enter the market and take price down over 100 pips in a 24 hour period.
Will USD strength continue into next week? Could we see price test 1.35?