Any currency pair that has USD as the counter will be $10/pip. The value of a pip is calculated by taking the smallest tradable unit (0.0001 for most pairs, 0.01 for pairs ending in JPY) and dividing it by the current exchange rate. If the base ...

marginal call

Brokers can only see your orders if you and your pets refuse to hear the appropriate headgear. (that is not me or my cat in the picture)

Can Brokers Really See Us???

We traded them when I worked on the trading floor of an electric utility. It was a good way to hedge unexpected temperatures and subsequent electricity demand. I'm sure that farmers are interested in the weather derrivitives as well. We even traded ...

Trading the Supermodel Indicator

If you were skilled enough to buy low and sell high you wouldn't need to hedge.

hedging - A new flavour of trading

The safest way to reduce risk is to not trade. We must talk to different professionals. Most traders I know stopped worrying about that a long time ago and started focusing on trading.

hedging - A new flavour of trading

GBPEUR is not a pair. EUR is the base and GBP is the counter.

What about this system ?

Hedging is for pansies who can't admit that they were wrong on a trade. Rather than exit a bad position they prefer to pay another spread to enter an opposing position and focus on the winning side. When you take profit the loser will still be there ...

hedging - A new flavour of trading

Aren't you missing a shoulder?

EUR/USD Trading Room

I have 3 comments on this subject: 1. Fibs are equidistant. 100 - 23.6 = 76.4 and 100 - 38.2 = 61.8 and of course 100 - 50 = 50. Although there is a correct direction to draw them, they are after all supposed to measure a retracement, it wouldn't be ...

Please solve this

I can't define it either but I don't think you can deny that it exists. Some traders have an uncanny ability to see things that others do not and it often increases with experience. Some can quantify that art and make it part of their strategy. ...

Trading: Part Science and Part Art

I don't know of anyone who explicitly uses ATR for a stop level. There are however, several respected trading books in which the authors suggested anything inside of 3 ATR is noise. Remember, ATR can be applied to any chart so 3 ATR on a 15 minute ...

ATR explanation help please

No worries, I didn't take it personal at all. I think you took the term "art" much too literally and I suspect you know better. It turns out that there are a preponderance of trading professionals who do believe that "art" has a place in trading. To ...

Trading: Part Science and Part Art

OK, as long as you admit it's pure speculation on your part. Your original post stated it as if it were written in stone. When someone says that I look at a chart and in this case I don't see anything in the USDCHF that would suggest that CAD ...

Idiots Have Woken Up

The USDCHF has been in a free fall since June. Do you have charting software?

Idiots Have Woken Up

Rudenstein, the short answer is that I don't know. I'm sure there are correlations out there that work well until they don't. I try to find stuff that moves and I trade it. I don't devote a single brain cell to wondering why something moved or what ...

EUR/AUD reversal?

During the second half of this year there has been little to no correlation between the AUDUSD and Gold. The indicator at the bottom is the correlation calculation. Generally, anything between -0.5 and +0.5 in considered non-correlated. At the ...

EUR/AUD reversal?

How you interpreted a simple trading analogy into me calling all cavemen lazy I will never know. My apologies to all of the troglodytes out there if I've offended you.

Trading: Part Science and Part Art

Well stated. I never thought of it that way but it makes perfect sense. I do maintain that most of us started out on the science side rather than the art side. Art gives us the liberty to overrule or interpret science which may or may not be to our ...

Trading: Part Science and Part Art

Go back to demo and take it seriously this time. You do not need to donate another 3K to the market. Thanks for sharing your story. It needed to be told and I hope that someone benefits from reading it.

How I blew up my account in 3 weeks

OK, I won't make any more Thanksgiving remarks but it does have an interesting history. The holiday itself was established in 1863 by Abraham Lincoln. Roosevelt actually tried to move the date to the 3rd Thursday to help retailers by extending the ...

Thanksgiving Trading!