Trade All: Currencies+Indices+Metals

Hint: all members and non-members can see all pending orders through trading MT4 terminal(credentials are shown in the main post--post#1)
but - as a special appreciation- my buddies(subscribers), can see pending orders, through my ForexFactory trading explorer TE, named "BUDDIES" - it is normal thing to appreciate all, put pay a special appreciation for those who appreciate your efforts. it is our right.

great
you have same for gold and dow jones

TE Pending orders

the whole content of this thread will be revised then amended-if no escape- to be one of the greatest beneficial sources in FF, aiming to remedy most of the forex traders' abysmal ignorance, including me.
it will be organized in such a way one has been used to in books, including a "table of content" starting from forex basic mathematics, ending in advanced field subjects!
unjustified desires, un-controlled carvings etc … can be seen as a mind hindrance! they might block learning a reliable knowledge!

our minds "as a reservoir of knowledge" should be built on facts! not on myths!
Price on charts are facts!
Pythagorean law is fact!
your country capital name is fact!
but a lot of human analysis or mere opinions almost are myths!

at length, steady progress is our target!

amr.gameil
astonishing question!
for Dow, I can not visualize it!!!! Reason: Dow in some way is a dollar-pair (evaluated in USD)
but for Gold, XAUEUR = XAUUSD/EURUSD (Division)
so: extreme cases for XAUEUR is +- or -+ since it is a divisive pair.

above example about GBPJPY which is multiplicative pair *


let us study divisive pairs example, GBPNZD for example--hence: GBPNZD = GBPUSD/NZDUSD.

assume + of plus 100 pips and - of minus 100 pips:

Now case: 00
GBPNZD = GBPUSD / NZDUSD = 1.2683 / 0.6279 = 2.0199 (You know spread difference)

extreme case-1: -+
GBPNZD = GBPUSD / NZDUSD = 1.2583 / 0.6379 = 1.9726 (extreme change> 450 pips)
extreme case-2: +-
GBPNZD = GBPUSD / NZDUSD = 1.2783 / 0.6179 = 2.0688 (extreme change>450 pips)

moderate case-1: +0
GBPNZD = GBPUSD / NZDUSD = 1.2783 / 0.6279 = 2.0358 (sensible change)
moderate case-2: -0
GBPNZD = GBPUSD / NZDUSD = 1.2583 / 0.6279 = 2.0040 (sensible change)
moderate case-3: 0+
GBPNZD = GBPUSD / NZDUSD = 1.2683 / 0.6379 = 1.9882 (sensible change)
moderate case-4: 0-
GBPNZD = GBPUSD / NZDUSD = 1.2683 / 0.6179 = 2.0526 (sensible change)

idle case-1: ++
GBPNZD = GBPUSD / NZDUSD = 1.2783 / 0.6379 = 2.0039 (low change)
idle case-2: --
GBPNZD = GBPUSD / NZDUSD = 1.2583 / 0.6179 = 2.0364 (low change)

for GBPJPY, extreme cases are ++ and --
while for GBPNZD, extreme cases are +- or -+
first one is "multiply"
second one is "divide"

all these are FACTS

and one should learn before studying market, otherwise he is wasting his and others time.
if somebody has been in the market from 2002, but he do not know these exchange rate equations, therefore we say his experience = 0

and starting from exchange rate equations, one can start learning technical analysis.

for example, the high of GBPJPY almost will happen at the time of the high of USDJPY. (and sometime at the time of GBPUSD)

there is a technical point on the chart, that we say "it is the possible rebounce of GBPJPY" even though it is not clear for our eyes(not previous support)
but it is clear for our hearts!

all in all, people must see things through hearts and eyes! otherwise they are walking blindly!

which is much safer to analyze: USDJPY, or GBPUSD, or GBPJPY

of course GBPJPY, Reason: you analyze it 3 times: 1) GBPJPY itself, 2) analysis of GBPUSD, 3) analysis of USDJPY.

extreme case-1: -+
GBPNZD = GBPUSD / NZDUSD = 1.2583 / 0.6379 = 1.9726 (extreme change> 450 pips)
extreme case-2: +-
GBPNZD = GBPUSD / NZDUSD = 1.2783 / 0.6179 = 2.0688 (extreme change>450 pips)
=====

FACT: if GBPUSD goes up 100 pips, while NZDUSD goes down 100 pips, then sure GBPZD will surge up 489 pips
this is fact, it is not opinion

EURNZD is now 1.7640
it is drawing near our entry pending point 1.7650

So far all Currencies+Metals you have gave nice update

What about Indices? Any study on them which way they are running north or south

we have many posts supported by charts and fundementals for indices,
1-we have some positions on US100 and DAX
2-There is some speech abour Compnies earnings
etc...

but now- is it south or north!! I guess they are now at "Arctic Ocean"

more 5 positions have been executed this noon and so on.
EURNZD-GBPNZD
GBPUSD-GBPSEK
EURAUD

GBPSEK!!!

toward building reliable knowlde
the pictured content has been added to the thread header.
pipValue = QQQDDD * Lots * ContractSize / 10^(Dc-Ds)

building concise knowledge:

example-1: EURUSD PipValue for 1 Lot ---------> QQQ=USD DDD=USD ===> QQQDDD=USDUSD
Dc is the number of digits after Decimal, for EURUSD -- Dc=5
Ds is the number of digits omitted from price.
Pipvalue=QQQDDD*Lots*ContractSize/10*(Dc-Ds) =USDUSD*1*100,000/10^(5-Ds) = 1*1*100,000/10^(5-Ds) = 100,000/10^(5-Ds)

therefore: for 5th decimal 1.12345, Ds=0, (no omission)
Pipvalue=100,000/10^(5-0) = 100,000/100,000 = 1 USD

for 4th decimal 1.12345, Ds=1, (last digit omitted)

Pipvalue=100,000/10^(5-1) = 100,000/10,000 = 10 USD

we have to know all of this to manage our transactions here in a comprehensive manner, especially risk-management matters.

example-2: GBPSEK PipValue for 0.2 Lots ---------> QQQ=SEK DDD=USD ===> QQQDDD=SEKUSD
Dc=5
The pip value of the last digit, 5th , Ds=0

Pipvalue=SEKUSD*0.20*100,000/10*5 =0.2*SEKUSD

on our terminals we can not find pair named SEKUSD! we find its reciprocal USDSEK! so:
Pipvalue==0.2*SEKUSD = 0.2/USDSEK

since SEKUSD=1/USDSEK

Ask yourself, why GBPSEK P/L is now exactly 60.86 USD?