Opportunity comes from above; don't forget to look up
With 70 currency pairs, opportunity is knocking more doors than a Jehovah's Witness.
Libertarians take on trading
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Re: Libertarians take on trading
MightyOne wrote:Opportunity comes from above; don't forget to look up
With 70 currency pairs, opportunity is knocking more doors than a Jehovah's Witness.
USDJPYMonthly.png
Sitting in McDonald's ,,I laughed so hard I was getting looks ....Lol
- aliassmith
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Re: Libertarians take on trading
dchappy wrote:ZAR and TRY are my two favorite currencies; the price moves are out of this world. ,............................................................................................................................................... I had to look up TRY ,,,had never heard of it before ... tunnel vision I guess ...
I looked at the zar and try but the spreads looked high for me.
Trade Your Way as Long as It Makes Money!
Re: Libertarians take on trading
aliassmith wrote:dchappy wrote:ZAR and TRY are my two favorite currencies; the price moves are out of this world. ,............................................................................................................................................... I had to look up TRY ,,,had never heard of it before ... tunnel vision I guess ...
I looked at the zar and try but the spreads looked high for me.
I agree, look appealing - but not for daily range.
Re: Libertarians take on trading
aliassmith wrote:dchappy wrote:ZAR and TRY are my two favorite currencies; the price moves are out of this world. ,............................................................................................................................................... I had to look up TRY ,,,had never heard of it before ... tunnel vision I guess ...
I looked at the zar and try but the spreads looked high for me.
People assume that a pip is going to have a fixed value of say $10 where a 1 pip spread ($10) is indeed better than a 5 pip spread ($50) when using a 14 pip stop and a 21 pip take profit.
But if the value of a pip is determined by the HATR then ask yourself which is better:
a: 1.2 pip spread on a pair with a 12 pip HATR (10% spread)
b: 38 pip spread on a pair that has a 380 pip HATR (10% spread)
If the width of the HATR = $125 for each then the spread is $12.50 for each.
Only taking the spread into consideration is like thinking that 50 dime spread is worse than a 5 dollar spread.
If the range is not there, say that the HATR is 12, then the spread is (38/12) or 316.6% and that is unacceptable if you plan on only risking around 80% of the range.
You can usually still trade pairs with insane spreads, like USDTHB, on weekly or monthly charts:
On the monthly chart, the impact of a 316.6% spread would be (316.6/16), because the MN line widths are 16x larger; this means that your spread is a tradable 19.787% (you simply accumulate elsewhere).
Green lines are 40% of the HATR:
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- aliassmith
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Re: Libertarians take on trading
MightyOne wrote:aliassmith wrote:dchappy wrote:ZAR and TRY are my two favorite currencies; the price moves are out of this world. ,............................................................................................................................................... I had to look up TRY ,,,had never heard of it before ... tunnel vision I guess ...
I looked at the zar and try but the spreads looked high for me.
People assume that a pip is going to have a fixed value of say $10 where a 1 pip spread ($10) is indeed better than a 5 pip spread ($50) when using a 14 pip stop and a 21 pip take profit.
But if the value of a pip is determined by the HATR then ask yourself which is better:
a: 1.2 pip spread on a pair with a 12 pip HATR (10% spread)
b: 38 pip spread on a pair that has a 380 pip HATR (10% spread)
If the width of the HATR = $125 for each then the spread is $12.50 for each.
Only taking the spread into consideration is like thinking that 50 dime spread is worse than a 5 dollar spread.
If the range is not there, say that the HATR is 12, then the spread is (38/12) or 316.6% and that is unacceptable if you plan on only risking around 80% of the range.
You can usually still trade pairs with insane spreads, like USDTHB, on weekly or monthly charts:
On the monthly chart, the impact of a 316.6% spread would be (316.6/16), because the MN line widths are 16x larger; this means that your spread is a tradable 19.787% (you simply accumulate elsewhere).
Green lines are 40% of the HATR:
spread_vs_range.png
I'll have to take a closer look when the market is active again.
Trade Your Way as Long as It Makes Money!
Re: Libertarians take on trading
MightyOne wrote:aliassmith wrote:dchappy wrote:ZAR and TRY are my two favorite currencies; the price moves are out of this world. ,............................................................................................................................................... I had to look up TRY ,,,had never heard of it before ... tunnel vision I guess ...
I looked at the zar and try but the spreads looked high for me.
People assume that a pip is going to have a fixed value of say $10 where a 1 pip spread ($10) is indeed better than a 5 pip spread ($50) when using a 14 pip stop and a 21 pip take profit.
But if the value of a pip is determined by the HATR then ask yourself which is better:
a: 1.2 pip spread on a pair with a 12 pip HATR (10% spread)
b: 38 pip spread on a pair that has a 380 pip HATR (10% spread)
If the width of the HATR = $125 for each then the spread is $12.50 for each.
Only taking the spread into consideration is like thinking that 50 dime spread is worse than a 5 dollar spread.
If the range is not there, say that the HATR is 12, then the spread is (38/12) or 316.6% and that is unacceptable if you plan on only risking around 80% of the range.
You can usually still trade pairs with insane spreads, like USDTHB, on weekly or monthly charts:
On the monthly chart, the impact of a 316.6% spread would be (316.6/16), because the MN line widths are 16x larger; this means that your spread is a tradable 19.787% (you simply accumulate elsewhere).
Green lines are 40% of the HATR:
spread_vs_range.png
Interesting post Mo, Thank You.
- TygerKrane
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Re: Libertarians take on trading
Leoheart wrote:aliassmith wrote:dchappy wrote:ZAR and TRY are my two favorite currencies; the price moves are out of this world. ,............................................................................................................................................... I had to look up TRY ,,,had never heard of it before ... tunnel vision I guess ...
I looked at the zar and try but the spreads looked high for me.
I agree, look appealing - but not for daily range.
TryJpy had good spreads, unfortunately I can't trade it now...
Oanda has the TryJpy pair available, but Trade Interceptor doesn't have a data feed for it, so no charts there.
**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!
- Mira
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Re: Libertarians take on trading
MightyOne wrote:aliassmith wrote:dchappy wrote:ZAR and TRY are my two favorite currencies; the price moves are out of this world. ,............................................................................................................................................... I had to look up TRY ,,,had never heard of it before ... tunnel vision I guess ...
I looked at the zar and try but the spreads looked high for me.
People assume that a pip is going to have a fixed value of say $10 where a 1 pip spread ($10) is indeed better than a 5 pip spread ($50) when using a 14 pip stop and a 21 pip take profit.
But if the value of a pip is determined by the HATR then ask yourself which is better:
a: 1.2 pip spread on a pair with a 12 pip HATR (10% spread)
b: 38 pip spread on a pair that has a 380 pip HATR (10% spread)
If the width of the HATR = $125 for each then the spread is $12.50 for each.
Only taking the spread into consideration is like thinking that 50 dime spread is worse than a 5 dollar spread.
If the range is not there, say that the HATR is 12, then the spread is (38/12) or 316.6% and that is unacceptable if you plan on only risking around 80% of the range.
You can usually still trade pairs with insane spreads, like USDTHB, on weekly or monthly charts:
On the monthly chart, the impact of a 316.6% spread would be (316.6/16), because the MN line widths are 16x larger; this means that your spread is a tradable 19.787% (you simply accumulate elsewhere).
Green lines are 40% of the HATR:
spread_vs_range.png
I’m here to make screenshots
Thanks MO
__________ THE IS A LIE__________
Re: Libertarians take on trading
TygerKrane wrote:Leoheart wrote:aliassmith wrote:
I looked at the zar and try but the spreads looked high for me.
I agree, look appealing - but not for daily range.
TryJpy had good spreads, unfortunately I can't trade it now...
Oanda has the TryJpy pair available, but Trade Interceptor doesn't have a data feed for it, so no charts there.
Hi,
Your signature caught my attention as I was reading your post. How dare you run out of bubble gum. Don't you know bubble gum keeps you in the zone? Just observe Michael Jordan , you think this man ever ran out of bubble gum .
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