Converting Profits and Losses in Pips to USD - forex trading apple mac

Converting Profits and Losses in Pips to USD ~ forex trading apple mac

3-Converting Profits and Losses in Pips to USD

To calculate your profits and losses in pips to your native currency, you must convert the pip value to your native currency. The following calculations will be shown using USD as an example.

When you close a trade, the profit or loss is initially expressed in the pip value of the quoted currency. To determine the total profit or loss, you must multiply the pip difference between the open price and closing price by the number of units of currency traded. This yields the total pip difference between the opening and closing transaction.

If the pip value is USD, then the profit or loss is expressed in USD, but if USD is the base currency, then the pip value must be converted to USD, which can be found by dividing the total pip profit or loss by the conversion rate.

Example—Converting Pip Values to USD.

You buy 10,000 Canadian dollars with USD, with conversion rate USD/CAD = 1.100. Subsequently, you sell your Canadian dollars for 1.1200, yielding a profit of 200 pips in Canadian dollars. Because USD is the base currency, you can get the value in USD by dividing the value by the exit price of 1.12.

10,000 CAD x 200 pips = 2,000,000 pips total. Since 2,000,000 = 200 Canadian dollars, your profit in USD is 200/1.12 = 178.57 USD.

For more information

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500 Pips Trade set up - forex trading latest news

500 Pips Trade set up ~ forex trading latest news

Welcome to a new trading year - 2011. What I will be discussing this year is taking our trade to higher levels. Looking for those highly profitable set up for the major pairs. This first posting will be on the GBPUSD. The principle are simple as follows:

1. We rely of the weekly chart for the overall direction
2. The daily chart determines whether to buy or sell
3. H4 or M15 for excellent entry.

Based on the above analysis, here is the set up for a potential 500+ pips trade based on Head & Shoulder on the weekly .

a) The weekly trend is up
b) The daily RSI is getting close to 70 RSI and currently withing a possible left shoulder of Head & Shoulder on the weekly chart.
c) It took about 21 days from when the signal was given on the daily and roughly 750 pips so far.
d) The yellow area is where we are watching now. A daily open and close above 1.61140 area will invalidate our head & shoulder set-up. If this happens a second kiss of 1.63000 is possible to give us double top.

Until this happens our H&S is still valid. Furthermore the daily RSI is currently kissing 70 point mark. This means the cable is getting ripe for short. However, we need to see where the daily candle closes today.

If you are ready for a 500-pips or more trade, you can begin to short between 1.610000 - 1.630000 or the first reversal candle (bear candle on the daily). Everything is in the chart!

Enjoy your trading!
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10 pips per day Returns Projection - fxcm daily forex currency trading news

10 pips per day Returns Projection ~ fxcm daily forex currency trading news

yes it is possible!

My system is this:



1. I will open an account of $2.000 and I will earn the 5% of my account daily.

That means: $100 per day divided by 10= $10 per pip

there are 22-23 days of trading activity per month.

I will allow myself to lose 2 days and win 20 days, that means money in the pocket are from the 18 days!



Month 1.
Now, 10pips*$10=$100*18days=$1800+$2000(my capital)=$3800

Month 2.
5% of $3800= $190*18days=$3420+$3800= $7220
(1pip=19$*10pips=$190)


Month 3.
5% of $7220=$361*18days=$6498+$7220=$13718
(1pip=$36,1*10pips=$361)


Month 4.
5% of $13718=$685,9*18days=$12346+$13718=$26064
(1pip=$68,59*10pips=$685,9)


Month 5.
5% of $26064=$1303,21*18days=$23457+$26064=$49521
(1pip=130,32*10pips=1303,21)


Month 6.
5% of $49521=$2476*18days=$44569+$49521=$94091
(1pip=$247,6*10pips=$2476)


Month 7.
5% of $94091=$4704*18days=$84682+$94091=178773
(1pip=$470,4*10pips=$4704)

Me personally I will stop here doublimg my account.

Month 8.
10% of $178773= $17.877 per month, not anymore per day!

that means that 20 pips per month (1pip=$893)(5pips per week!) will make that amount!


20% of $178773= $35.754 per month,40 pips per month(10pips per week)!


30% of $178773= $53.631 per month,60 pips per month(15pips per week)!

In order to make each pip to cost a certain amount we fix the lot size.

So, after my full 7 month period (I call The Great 7/10) which we dont take any of the money we make for 7 months, we can have a monthly income, of 10% or 20% or 30$ of the amount of money someone has made and saved!

10pips are the easiest, don;t listen to the people who are saying it is not! and sometimes we can even make more than that, so, calculate 2 pips extra for the broker!

My pair is EUR/USD and my broker has a fixed spread of 2 pips, and since I will not play in huge volatility the spreads will be 2 pips and he will also be happy because the bigger the lot the bigger his profit!

I dont know much about brokers or what are exactly they want Forex investors to do, but with my simple logic, I believe that a serious broker wants you to win, to make money, to know how to play, becuase then, the more you play, the bigger his profit, if you lose money, are air, he is not getting anything! He is just getting his spread and his is getting even with the money you lost from your account!

It doesnt make any sense that the broker wants u to lose!

Simple math!

My system is simple math, no stess, no crazy robots, no thousants of pips per month, no triple and whatever multiply someone can think of of your capital.

I am 27, and in 6 months I will be 28, I feel great that I have a goal and a system which makes sense, it is moderate easy, and I will make appx $17.000 per month and even more after 7 months so easy!

It is fast, it is free to learn it, and you dont have to be the King of Pips

THE MOST IMPORTAND THING IS THAT TO MAKE EASY 10PIPS U NEED TO KNOW TECHNICAL ANALYSIS AND FUNDAMENTAL ANALYSIS, FOREX IS NOT GAMBLING, IT IS A SERIOUS BUSSINESS WHICH IF YOU TREAT IT LIKE A SERIOUS BUSSINESS WILL GIVE YOU BACK RICHES!

IT IS NOT AN ACCIDENT THAT ONLY THE 10% OF FOREX INVESTORS ARE ACTUALLY MAKING MONEY.
They have done their homework and they have a system which they follow it!
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The Meaning of Lifestyle - forex news market clock mt4 indicator

The Meaning of Lifestyle ~ forex news market clock mt4 indicator

LIFESTYLE

I have often chat with colleagues about this word called "Lifestyle" . Why some people have to slog for work all day long till they left this world? Why people do not have time for their kids and family?

Its all because of the culture of conventional working. Its all drilled in our mind that we have to follow a correct PROCESS of earning our money, doing a decent job and earning the money. But the horror of this is a VISCOUS cycle which will repeat itself and people from the middle class is always working and working all day and night , think about it , how to earn cash fast in a confident and systematic way which break out from this bondage of conventional money earning.

Think about this yourself, is earning money really must through conventional 9 to 5 job? Is there a systematic way to earning money passively?

These will be the thoughts to ponder for today.

*tribute to patrick

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THE MASTERCHART AND THE DRAGON GBPJPY - quantina forex news trader ea v2.1

THE MASTERCHART AND THE DRAGON GBPJPY ~ quantina forex news trader ea v2.1

 

Those who have been following my previous posts on Mastercharts, would have read that the cyles for GBPJPY is between 1300-1500 pips. As volatile pair, the Dragon has little respect for the Masterchart support/resistance levels and would often violate these levels by as much as 300 pips. The best strategy for dealing with this volatility is to create a buffer zone of 300 pips around the Masterchart levels. For example 1000 pips price movement from 120-130 will have its buffer zones at 117-120 and 130-133 price ranges. You will only look for opportunities to either go long or short within the buffer zones. If you trade this way, you will avoid entring trades premature and getting severely burnt in the process. I attach herewith the followng 100 PPAA and 200 PPAA charts in support of this analysis

 

 

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Larger Picture for AUDUSD - forex market news trading

Larger Picture for AUDUSD ~ forex market news trading

This is the larger picture for AUDUSD. The next target for the bull is 0.98400 before a retrace is expected.

I dont trade AUDUSD regularly, but that is where I am watching for a long term trade. As you can see, I have a sell order waiting at 0.99990. This is not recommended for short-term traders. This is purely a long term trade and I am willing to wait for over 500 pips or more. This can take weeks of even months to happen so be warned.

I dont expect it to get there, but would be a pleasant surprise if it does. 0.98400 - 0.99000 is the area I will be willing to pull the trigger manually, if I see a sell signal on the weekly. At that point AUD will damn too expensive against the dollars.

These areas are obvious in the daily and weekly charts attached.

Happy trading!
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Cable out of 200 pips box - forex market monitor news

Cable out of 200 pips box ~ forex market monitor news

Cable has broken out of the 200 pips box and appears to be heading toward the next box. Price movement is simply a matter of habits. History keeps repeating itself over and over again.



Look at the candle between between 1.57147 and 1.58534 both on the way up and down. I single H4 candle. Also look at the candle on the way down from 1.60000 which closed on 1.56396 and the current candle which took which close outside the box.



If we break the resistance at 1.58535 our next destination is most likely the next zone between 1.58535 - 1.60000. If the resistance hold however, we have landing where the candle took of from i.e. 1.57000 - 1-55000
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Bigger Picture for AUDUSD - forex news.gci trading

Bigger Picture for AUDUSD ~ forex news.gci trading

Audusd is currently trying to move back to the top of the weekly trendline from 0.80634, when the took off to the currently high. The trendline is what it holding the pair from rising higher for now. If the weekly successful opened and closed above the trendline, then the trend will resume on the higher time frame. If the trendline holds, the a fall to 1.02500 which is the base for the current move is possible. A fall below will drop the pair back to its concrete zone 1.02500 - 0.95000 where it traded for the past 6 months.

My view is that a big reverse is in the horizon, the monthly, weekly, daily are all dangerously close to the overbought zone. A touch of 50 point mark is due on the daily RSI.

Recommendation: short whenever H4 enters the yellow zone and take profit if it drops back to the 50 point mark on H4 RSI

This is the bigger picture.
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Cable still respecting the the concrete zone - forex news gun trading

Cable still respecting the the concrete zone ~ forex news gun trading

Cable is still respecting the concrete zone and the pressure is to the downside. For any move to the upside to be valid, the pin on H4 will have to be neutralised by another H4 candle above the pin.
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USD 10 offer 5pipsStrategy 10 Secret Pointers - best forex news trading strategy

USD 10 offer 5pipsStrategy 10 Secret Pointers ~ best forex news trading strategy

USD 10 offer - 5pipsStrategy 10 Secret Pointers

Currently, we are putting up an offer on this 10 secret pointers information only for USD 10.
Please purchase through the paypal button available and we will send to your email.
No gimmicks.

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10 Pips Per Day Test Question 1 - forex news market clock

10 Pips Per Day Test Question 1 ~ forex news market clock

Looking at the above chart, please answer : UP or Down trade if you want to make a trade now for 5 pips?

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USDCHF Analysis - forex market moving news

USDCHF Analysis ~ forex market moving news

USDCHF is currently close to its historical low level of 0.96360 recorded in March 2008. The monthly and weekly candles however show that the pair is still descending. This could be attributable to the general weakness of USD against most major currencies. I must admit however, the pair is very tempting for long. The best option if you are trading this currency long-term is to wait for the trend reverse and follow it. A weekly candle close above 0.98963, which is a very strong support will confirm the reversal. This is an area I will be watching


For a short term trade the sell signal was given by M15 on 0.97161. The best option for short term trading is to wait for another signal sell signal on M15.

The points are clearly indicated in the charts below
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Is USDCAD ripe for short - forex news trading pdf

Is USDCAD ripe for short ~ forex news trading pdf

I am currently watching USCAD for short. For the other majors that I dont trade regularly, I look for set-ups in the daily chart. The daily is getting ripe for short, but the signal is not there yet. The next 2-4 candles will determine the direction. The two major resistance areas on the daily chart will give the signal to sell for an appreciable drop. I attach two charts to clearly illustrate the point.



Enjoy your trading!
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Forex 5 PIPS Strategy 1 - best forex news trading ea

Forex 5 PIPS Strategy 1 ~ best forex news trading ea

Over here, its been a while because i have been managing multiple clients under my OANDA FXmanager account.

I would like to share a simple strategy about my 5pipsStrategy.

• Do not trade during Monday and Friday !!!

 Why this is important? Think about it yourself. Over my countless experience of trading, Monday and Friday normally are trend that you cant predict properly because of MORE uncertainties.

One constantly advocated mindset is that we want to trade at the least uncertain opportunity!!

Hope this advice will serve you all traders well.

Cheers.

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10 Pips Scalper Tool Oanda Iphone - forex market current news

10 Pips Scalper Tool Oanda Iphone ~ forex market current news

This tool is beautifully designed for Iphone user to do secure 10 pips / 5 pips per day. Imagine while waiting for a bus or qeueing up for a burger at MacDonald, just open up your iphone , do a trade , take profit of 10 pips , continue buy your burger. This is the 10pips per day lifestyle.

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Everything is in the chart - forex news trading plan

Everything is in the chart ~ forex news trading plan

Look at where price is at the moment, over 40 pips in the bag already! If you follow this advise the horizontal line on the RSI is the place to watch out for. If you miss the train, wait for the next set-up.
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MONTHLY PRICE ACTION ANALYSIS MPAA GBPUSD - quantina forex news trader ea v2.3

MONTHLY PRICE ACTION ANALYSIS MPAA GBPUSD ~ quantina forex news trader ea v2.3

Successes in forex trading could only be achieved if you have the bigger picture within your purview. To achieve this it is important to realise that you can only have a ‘helicopter view’ of the market in the higher time frames. The higher time frames provide useful insights into the trading parameters within a given period of time, which could be up to 2-4 years. With this knowledge it becomes easier to proceed to the lower time frames and trade confidently within the established boundary.

For a better understanding of the picture, we will now discuss, the Monthly Price Action Analysis (MPAA). As usual we will use the GBPUSD monthly to explain the MPAA for the period December 2008 – January 2012.

A closer observation of the monthly chart for GBPUSD will reveal the following facts:

a) If the cable begins a new year around the lowest point in a yearly circle, the point usually serve as a circle for a bullish run (rise in price)

b) If the cable begins a new year around the highest point in a yearly circle, the point usually serve as a circle for a bearish run (fall in price)

c) Price moves for the first 6 months (Jan-June), consolidates for the next 3 months (July-Sept), and closes for the last 3 months (Oct-Dec)

d) Price generally consolidate around the concrete zones

The question at this point is what is the usefulness of the above analysis in a simple language? The benefit of the MPAA is that the accounting year for the ‘big players’ (banks, hedge funds, investment outfits, etc) starts from January and ends in December. At the beginning of each year, depending on the fundamental factors, the big players push the price to a direction determined by fundamental factors (it doesn’t matter whether it is bull or bear). By the middle of the year, these players used the next three months see whether the bullish/bearish run will continue or not hence the consolidation around this period. These players use the last three months to take their profit and close their books for the year. The big players will never leave roll over their profit to another year. That is the monthly circle for the Cable.

What is then my view for 2012? I.5300 is proving to be a very strong support on all time frames and most importantly the weekly candle. I expect a consolidation around this area before the next major moves, when all the market movers return by the end of this month/1st week of February. Whichever directing they are going, the weekly candles will tell us. Due to the concern with Euro, the sentiment is down but 1.530 has not been broken since August 2008. If the weekly candle breaks out of this zone and the next candle opens and closes below this level, then we should begin to look at for a test of 1.430 which is the next support.

I attach a weekly chart showing consolidation around the master charts levels. This area of weekly consolidation is where I called the concrete zone. The weekly charts can consolidate for up to three months. The consolidation area for now is between 1.5360 and 1.5780 (about 420 pips) and the Masterchart support is 1.530 until firstly, the body of a weekly candle closed outside and secondly a the body of a weekly candle opens and closes outside this level. A pin outside 1.530 is a false breakout.

What I am trying to do here is to explain this process and give you knowledge to apply it to any situation. To gain confidence in your analysis pick the chart for any currency pair e.g. EURUSD, GBPJPY, AUDUSD, and try the MPAA through this simple process:

Ø Identify where the prices on the monthly chart are in Dec/Jan over a period of 2-3 years
Ø Identify the highest and lowest point for 2-3 years
Ø Identify weekly chart price reaction around the concrete zone
Ø Identify the consolidation areas (concrete zone)

You can post your charts here and I will endeavour, I will review them and tell you where you need to improve.

I attach the monthly for GBPUSD in support of MPAA and the weekly, daily, H4 and even H1 charts to show price reaction within our current 400 pips concrete zone.
50PPAA will tell you the immediate direction and read the mindset of a successful trader to know how to react to what you see in our charts.

I wish you successful trading in 2012.
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Ten Pips per Day Do you love money - forex news market clock mt4

Ten Pips per Day Do you love money ~ forex news market clock mt4

The bottomline thing of playing Forex is the passion for money. This is the underlying drive for it. The source of our determination and persistence to carry on despite numerous obstacles.

Its the same analogy in life when people wants to be a successful businessman, doctor or engineer. It all started with the passion and desire to be one! In Forex, its the same thinking! With a planned and conscientious effort, this is the same thinking that we must have when facing Forex, as its a kind of academy by itself!

Some people think that Forex is for them, some dont really want to do Forex and they think they want to do Forex, because it is instant money and they fail!

Proceed on Forex if you think this is your utlimate desire to live a worry free , passive income driven life!
If you dont want to spend your effort and strength to do it, leverage by asking an expert to do it for you. You can hire a forex expert whom specialize in earning pips for you, you set a target for him and he will achieve it for you!

Lets say you are 30 years old, and you have a $2000 account, a pro can make that account in 2 years to a $250K and make each month from that account 20% which is $50K per month. Your investor will take money and you will take from and you will live with a very good income in your 32s.

I believe I have it, I sit all day and I only do Forex, (I have free time thats why), and I like it, I really like it, and becuase I know myself, If i didn;t like it I wouldnt sit all day to learn it, because I know my character!

I tried for example to learn Maya, Autodesk a program that makes animation, and I would love to be able to do it!
I sit one day and then I was making excuses inside of me not to do it!

The same thing with other stuff too!
My only advice to Forex Investors is to do it only if you really really like it, not because it is just a easy way to make money, but because u feel comfortable doing it!
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The Mindset of a successful trader - quantina forex news trader ea 2015

The Mindset of a successful trader ~ quantina forex news trader ea 2015

THE MINDSET OF A SUCCESSFUL TRADER!
For those of us who have been following this thread for quite a while, you should have by now been in a position where you take trades with confidence. That notwithstanding, I will today discuss the following specific steps on how to think and act to develop the mindset of a successful forex trader for ease of reference:

Step 1: Trade the Masterchart. It should be your No. 1 guide. The levels on the Masterchats I posted here are products of extensive research. What is happening in the forex market is that series of bad/good news (fundamental), manipulation/greed by the big players and most times fear/panic will always push the price from one support/resistance level to another. The truth of the matter is that the world economy generally is in shambles that is you will constantly see series of bad economic news followed by some good news resulting in “bull+bear+bull+bear” usually repeated over and over again.

Step 2: Trade in the direction of the weekly chart: The most reliable direction in the forex is the direction of the weekly. If the weekly is in a bear/bull mode it could stay that way for 4-10 weeks. Read the post on understanding trend to better understand this.

Step 3: The best trading opportunities are in the weekly: To increase your chance of success, sell only the top of nN, mM and buy around the base of V, U and W on the weekly charts. To identify these level signs, open a weekly chart, look closely and you will begin to recognize them. This simple trick will make your trade live a lot easier. I will begin to post this signs here

Step 4: Use money management: Use my recommended money management lots/account size ratio as follows:

0.01 lot for $1000 Trading account (max of 5 open trades at the same time)
0.10 lots for $10000 trading account (max of 5 open trades at the same time trades), etc

If you gather more experience or make money regularly, you can gradually increase your lot sizes or open trade to double the recommended lot sizes.

Go through the early part of this thread for a better understanding of my views of money management.

Step 5: Trade 1000+ Pips circle. Read and understand the 1000 pips price actions analysis. For the major pairs from the pin of a weekly candle expect 1000 and more before any major reversal. If the destination of 1000 pips PAA is closer to a major support/resistance on the master chart anticipate a touch of that level. Identifies expected levels in advance and you only monitor price reaction around such areas.

Step 6: Avoid think in terms of pips. Avoid thinking in terms of pips but in terms of actual currencies e.g. cent, pence, etc. If you think this you will avoid the graveyard of most forex traders (i.e. chasing low pips (5-100). If you think in terms of currency you will realize that a move 1000 pips move by GBPUSD move from 1.54000 to 1.64000 is a mere 10 cents. Further a 1000 pips move on GPBJPY from 130 to 120 is a merely 10 yen.

Step 7: Use H4 50 Pips Price Action Analysis. Utilise on price movement on H4 candles within 50 pips range to determine where to enter a trade. If you do this you will realize that you can have up 16 hours and more to enter a trade. Trading this way you do not need to sit in monitor your chart endlessly to get trading opportunity. In the worst case scenario you only need to check the chart every 4 hours.

Step 8: Enter trades using only M15 trade-friendly chart: When the price get to your desired areas on the higher time, enter your trades at the best discount by using M15 on a trade-friendly chart. If you need further explanation read most posting about creating a trade-friendly chart.

Step 9: Understanding the importance of 50 point level on RSI: 50 point level on RSI on your trade-friendly chart is usually an area where price normally stalls, changes direction or continues on any time frame.

Step 10: Set concrete zone on H4 chart: Price usually trade for most currency within 250-400 pips over a period of time within a concrete zone. The concrete zone is a good guide on where to place stop losses. Place stop losses slightly above the concrete zone for your sell and slightly below for your buy. Read my previous postings on concrete zone for better understanding of the concrete zones.

Step 11: Take profit at pre-determined level: Set your take profit at pre-determined points depending on your expected returns. If you are trading the weekly chart anything less than 200 pips is a waste of efforts. You should be aiming for 200 pips and above.

I attach the monthly and weekly charts for a better understanding of the above analysis
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AUDUSD (updated) Recommendation - trading the news in forex strategy

AUDUSD (updated) Recommendation ~ trading the news in forex strategy

AUDUSD is still on an upward trend. The Weekly trendline is in yellow colour and the daily trendline is in blue colour. The currency is current trading within it historical high. The descent has begun on the weekly chart. There is real possibility of further fall. The trading range between August 2010 to date is 1.00241 and 0.95092. In between there is a minor support at 0.98037.



The current fall on the daily is approaching the oversold territory. The recommended option for trading this currency is SELL using the daily RSI. BUY is very huge risk For clarity, I have indicated the sell zone in yellow colour on the RSI.



This is the time to WAIT. Wait until price gets back to the yellow zone to short.


Happy Trading!



See the weekly and daily charts above
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