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Found 26 results

  1. Minors

    In this thread we will be posting our analysis for quite a few of the Minor pairs. To name a few: 1) Some of the YEN pairs: AUD/JPY, NZD/JPY, CAD/JPY, CHF/JPY & GBP/JPY 2) A few of the Euro ones: EUR/AUD, EUR/CHF, EUR/NZD, EUR/CAD 3) Some from the Pound basket: GBP/AUD, GBP/NZD, GBP/CHF, GBP/CAD 4) The Aussie and Kiwi minors: AUD/CHF, AUD/NZD, NZD/CHF, NZD/CAD If I have left out any, will keep updating them. If you want to get the latest update on any of these pairs and more, do keep a look out and keep visiting this thread. Regards, Team TC.
  2. Forex Prices in the Long Term

    What are the factors that drive Forex prices in the long term?
  3. Unsterilized Intervention Definition

    Countries that are looking to calm currency volatility or bring exchange rates to a more sustainable level can implement Unsterilized Intervention to accomplish their aims. Unsterilized Intervention will allow the monetary base of the domestic currency to change and can be seen in contrast to Sterilized Forex Interventions.
  4. Trade Hill Exchange Definition

    Bit coin exchanges, such as the Trade Hill Exchange, offer clients the access to buy and sell currency on a digital platform. Bitcoin software allows traders to protect against changes in inflation, as these applications are designed to progress as a geometric series. The Trade Hill Exchange caters to some of the more exotic currencies (such as the Chilean Peso and Indian Rupee) but more commonly traded currencies can be bought and sold on the Trade Hill Exchange as well.
  5. U.S. Dollar Apocalypse Definition

    While most analysts are not expecting the U.S. Dollar to lose its status as the world reserve currency any time soon, there are long-term economic factors that lead to this being a possibility at some point in the future. Unsustainable debt levels and declining prospects for the manufacturing sector are often viewed as the most critical factors in this type of analysis.
  6. Nonconvertible Currencies are created by government legislation that prevents the open exchange of the currency for foreign money. This can have a major effect on a country'sability to participate in global transactions, which can impact Trade Balance figures.
  7. Forex Brokers should be well researched before any real money is deposited. The best brokers offer sophisticated charting technology, a large array of educational materials and high levels of trading execution efficiency.
  8. Exotic Currencies generally tend to have high volatility levels and price gaps because there are not as many willing buyers and sellers to slow down price momentum.
  9. A Diversified Carry Basket differs from a standard carry trade in that multiple currencies are purchased as a means for limiting risk. The essential approach howeer is no different from the profits seen from carry trades.
  10. Cross-Currency Settlement Risk is a characteristic of the forex markets because of the global nature of each transaction. In many cases, the opposing currency in a forex transaction is not received until that particular market is open for business.
  11. Cross Rates make a distinction between the domestic country and two currencies of foreign countries. There are no other differences in these currency pairs, other than the fact that they do not involve the domestic currency.
  12. Historically, all foreign exchange transactions required an initial conversion into the US Dollar. Because of this, non Dollar forex pairs continue to be called Cross Pairs.
  13. The US Dollar is the world reserve currency and since most global currencies first needed to be converted to the US Dollars before foreign exchange transactions could take place, any non Dollar forex pair is considered to include only cross currencies.
  14. Conversion rates are best shown in example form. If the EUR/USD is trading at 1.35, the conversion rate is 1.35, as it will take 1.35 US Dollars to buy one Euro.It should be remembered, however, that conversion rates are always changing as markets are constantly redefining the value of currency relationships.
  15. Constant Currencies are meant to provide companies with a buffer against negative currency fluctuations. For example, if sales in a company's foreign exports rise by 20% while the value of the currency rises by 10% during the same period, the total sales gains are equal to only 10%, not 20%. Constant currencies help protect against this.
  16. Commodity Currencies, such as the Australian, New Zealand and Canadian Dollars are heavily associated with the prices of oil and metals, and make forex users use these currencies as a proxy for entering into these commodities markets.
  17. A trader using a Carry Grid approach will look to buy high yielding currencies against those with lower interest rates. These positions are generally long term in nature, so that interest rate gains are given the chance to accumulate.
  18. The Aruban Florin is the official currency of Aruba, given value by the nation’s central bank. The Florin is comprised of 100 cents and is often symbolized with the "Afl" sign. Traders investing in the AWG currency hold an optimistic view of the country’s macro economic fundamentals and the value and allocation of the countries natural resources. Price levels are heavily influenced by inflation rates, and the low liquidity levels of this currency make it unavailable in many regions.
  19. The AUD is the abbreviation used in forex pairs to define the value of the Australian Dollar relative to its counterparts. The AUD as a term, however, can be used to discuss the strength or weakness of the currency overall, and this would be apparent in phrases like “Today there was broad strength in the AUD across the board,” which would mean that the Australian Dollar gained in strength relative to all of its counterparts.
  20. The Argentinian Nuevo Peso is the official currency of Argentina, given value by the nation’s central bank. The Peso is comprised of 100 centavos and is often symbolized with the $ sign. Traders investing in the AON currency hold an optimistic view of the country’s macro economic fundamentals and the value and allocation of the countries natural resources. Price levels are heavily influenced by inflation rates, and the low liquidity levels of this currency make it unavailable in many regions.
  21. Aussie Definition

    The Australian Dollar is abbreviated in a number of ways, such as the AUD, A Dollar, or Aussie. Traders refer to the Aussie as a way of discussing the general strength or weakness of the currency. This comparison is usually made against the US Dollar but this comparison can be made to other currencies as well.
  22. The AUD is the abbreviation used in forex pairs to define the value of the Australian Dollar relative to its counterparts. The AUD as a term, however, can be used to discuss the strength or weakness of the currency overall, and this would be apparent in phrases like “Today there was broad strength in the AUD across the board,” which would mean that the Australian Dollar gained in strength relative to all of its counterparts.
  23. The*Guilder can be broken down into*100*cents, similar to the Dollar-denominated currencies. This is mainly because the currency was pegged to the Dollar in 1840 (at a value of 1.89) and this value has gradually been adjusted since then. Traders investing in the ANG currency hold an optimistic view of the country’s macro economic fundamentals and the value and allocation of the countries natural resources.
  24. How the Date Ties into Price.

    I have been shown that the date is recurring throughout price action all day everyday and in all markets. For example there is a 4 digit date and a two digit date. It is painfully obvious in markets such as the es but harder to see in the YM. The YM has to be treated like an odometer in a car. The actual price will exclude the last digit on the right. This is also true in the currencies and the dax. For example if the date is the 27th which it will be on Monday then the following #'s would act as support and/or resistance depending upon price movement.: ES: 1242, 1251,1260 and 1269 Price 1251 is 27 added up as 15+12; 1242 is 24+2+1=27; 1269=12+6+9=27 YM for monday will be 11520 and 11430; The sum of these #'s equal 27 but remember it is without the last digit to the right. These numbers change everyday with the date. I hope this helps someone in their trading. If you want to know the two digit date it is less complicated. Of course for Monday is 27. Then it will be all #'s that equal 9; 27 (2+7=9) 36, 45, 54, 63 and so on. There is a ton more but hopefully this will help someone.
  25. I decided to post up the Euro's cousin, the British Pound/USD Futures. Mainly, because I am trading it live every day and I've been able to put together a reliable and robust tradeplan using UTA. I trade a 144 tick chart and like the Euro, I begin my trading at the start of the US Equity Session, 9:30 est. Also like the Euro, the BP trades on the CME so we'll use exchange times as our time reference. Like the EC, I backtested about 6 weeks of trading, Feb 1 thru Mar 12th. I researched a tight plan with the intention of getting my trading done early each session. Two wins and a positive result meant I was done for the session, or, by 11 am cst if I hadn't yet hit my goal, I'd be done. Over the first 6 weeks I tested 83 trades, 60 winners and 23 losses! Not bad. 72.3% winners and a nifty +505 points. Since then, as of today's date, I've been posting my real trades (the trades I take and call live in the traderoom that I host every day). I now have 191 total trades, including the backtested trades; 132 winners and 59 losses for a respectable 69.1% win rate. April was a tough sideways month, with wins and losses evenly distributed, yet we were able to hang out just below our equity highs and remained poised to break out to new profit levels, which happened last week. Today we hit new equity highs again, and have amassed +819 total points. The stair stepping is forming nicely as you can see from the attached screen shot of our equity curve. I am using HVMM 2010 for this market as well. It's a great compliment to the EC. The different timeframes 144 vs 233, and the different rhythm that each trade in, make them not correlated enough to worry about. Their results do not track too closely day to day, other than the fact that they both seem to be consistent performers. Too much correlation is something to be concerned with but I just don't see it being a real factor in this case. Check out the Trade Distribution Frequency Histogram too. What a beautiful distribution of trades. Notice the strong bias on the positive side with the majority of our winners hitting around 16 to 18 points. Notice also how our tight trade mgt plan has ended up with about 10% of our trades stopping out with just 1 point. Many of those trades would have wound up losing, but we were aggressively eliminating our risk while also covering the cost of our commission. No pip spreads to worry about with futures! Notice also how our longs and shorts were very simimlar in personality. This is the type of thing we like to see. It shows a stable trade system that does equally well going long or short. Feel free to post comments, questions or whatever is on your mind. Start a new thread and share the results that you are discovering on your favorite markets. It's amazing what the UTA reveals to us. Get in the habit of posting your trades to UTA every day and soon you'll build up a valuable history of trade data that will help you improve your trading.
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