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Flying Dutchman

  • #5,241
  • Feb 20, 2023 6:01pm Feb 20, 2023 6:01pm
For better or worse, and it could easily be argued either way, the USD still amounts to 80 some percent. I think that would be the start. So, it would be something of the other currencies compared to the dollar then weighted.


What I find easier is to have certain instruments you trade and learn them and not worry about much of these other things. jmo
Mark ... Everything you have been told is a LIE
  • #5,242
  • Feb 20, 2023 6:12pm Feb 20, 2023 6:12pm
Quoting spzd
Most of the numbers for the CNY are most likely trade related as opposed to speculation - which is where we come in as retail traders. The NZD has fallen quite a ways in the list from last time. An alternative, if you do use some form of currency strength, would be to drop the NZD and go with just 6. Or just leave it as is and adjust weights, if your strength method allows that.

In a way I guess it is subjective.

However my Broker still only considers 6 Majors.

(The G7 I think includes Italy who dropped their Lira for the Euro just after the turn of the Millenium).


So on my platform I've still got just the 6 ...

AUDUSD, EURUSD, GBPUSD, USDCAD, USDJPY, USDCHF

all other pairs are then considered Minors incl NU,
while the new Exotic Pairs (ie EURTRY) are making a run too I guess lol.

And I don't get cross anymore at my cross-pair but i do treat it with much respect when trading hahaaa .
  • #5,243
  • Feb 20, 2023 6:32pm Feb 20, 2023 6:32pm
Quoting TimeTells
{quote} In a way I guess it is subjective. However my Broker still only considers 6 Majors. (The G7 I think includes Italy who dropped their Lira for the Euro just after the turn of the Millenium). So on my platform I've still got just the 6 ... AUDUSD, EURUSD, GBPUSD, USDCAD, USDJPY, USDCHF all other pairs are then considered Minors incl NU, while the new Exotic Pairs (ie EURTRY) are making a run too I guess lol. And I don't get cross anymore at my cross-pair but i do treat it with much respect when trading hahaaa .
The G7 is the US, UK, Japan, Canada, then 3 that are part of the EU, Germany, France, and Italy.
Mark ... Everything you have been told is a LIE
  • #5,244
  • Feb 20, 2023 6:35pm Feb 20, 2023 6:35pm
Quoting TimeTells
{quote} In a way I guess it is subjective. However my Broker still only considers 6 Majors. (The G7 I think includes Italy who dropped their Lira for the Euro just after the turn of the Millenium). So on my platform I've still got just the 6 ... AUDUSD, EURUSD, GBPUSD, USDCAD, USDJPY, USDCHF all other pairs are then considered Minors incl NU, while the new Exotic Pairs (ie EURTRY) are making a run too I guess lol. And I don't get cross anymore at my cross-pair but i do treat it with much respect when trading hahaaa .
And it is all subjective. It all comes down to what the individual deems.
Mark ... Everything you have been told is a LIE
  • #5,245
  • Feb 20, 2023 6:39pm Feb 20, 2023 6:39pm
Quoting TimeTells
{quote} In a way I guess it is subjective. However my Broker still only considers 6 Majors. (The G7 I think includes Italy who dropped their Lira for the Euro just after the turn of the Millenium). So on my platform I've still got just the 6 ... AUDUSD, EURUSD, GBPUSD, USDCAD, USDJPY, USDCHF all other pairs are then considered Minors incl NU, while the new Exotic Pairs (ie EURTRY) are making a run too I guess lol. And I don't get cross anymore at my cross-pair but i do treat it with much respect when trading hahaaa .
From a small retail trader's perspective, instead of TAGGING the pair as MAJOR, MINOR, CROSS, EXOTIC, and whatsoever, I only focus on the Stability of the currency, liquidity, spreads, availability (broker and platform), and the CB's intervention ( frequency). When these are met, I am happy to trade any pair.
Success = Practice + Patience + Persistence
  • #5,246
  • Feb 20, 2023 6:44pm Feb 20, 2023 6:44pm
In the meantime, a nice PUMP & DUMP happening across all the differently TAGGED pairs.
Success = Practice + Patience + Persistence
  • #5,247
  • Feb 20, 2023 7:14pm Feb 20, 2023 7:14pm
Quoting fxpider
In the meantime, a nice PUMP & DUMP happening across all the differently TAGGED pairs.

I snuck in for two quick snips on the Dump.
Will they Pump again lol ? Who knows, we just watch their business shenanigans .


And it was interesting to see the market operate with such good organisation,
even WITHOUTa Major Trading Centre open at the time yesterday AFTER the London Close (and with the USA banks on hols)

.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15 who lol.png Size: 18 KB
  • #5,248
  • Feb 20, 2023 7:35pm Feb 20, 2023 7:35pm
Quoting TimeTells
{quote} I snuck in for two quick snips on the Dump. Will they Pump again lol ? Who knows, we just watch their business shenanigans . And it was interesting to see the market operate with such good organisation, even WITHOUTa Major Trading Centre open at the time yesterday AFTER the London Close (and with the USA banks on hols) . {image}
The TRADE-GPT never sleeps.
Success = Practice + Patience + Persistence
  • #5,249
  • Feb 20, 2023 7:50pm Feb 20, 2023 7:50pm
Quoting fxpider
{quote}
The TRADE-GPT never sleeps.


Hahaaa, you got it in one fxp


And our advantage might be, if you have a look at Bionics recent thread post about his 'questions' to the Chattererbot lol is,
that it makes mistakes (who would have thought lol - well ahhh many, as it was originally programmed to do its stuff by a .. human ... hahaa)
you know those humans - they are not so infallible it seems
  • #5,250
  • Feb 20, 2023 8:15pm Feb 20, 2023 8:15pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1 pump n dump n magic.png Size: 11 KB
  • #5,251
  • Feb 20, 2023 8:44pm Feb 20, 2023 8:44pm
Random Markets ?

(does it even matter, trade what we see)



.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15 more pumpin n dumpin.png Size: 18 KB
  • #5,252
  • Feb 20, 2023 8:50pm Feb 20, 2023 8:50pm
During the DnP in ASIA, took 6 trades in total, with the same setups, 3 winners and 3 losers.
Managed to get 60+ pips, even with only a 50% win rate, just by cutting my losses short.

Attached Image (click to enlarge)
Click to Enlarge Name: Asia Trade (5).jpg Size: 128 KB
Success = Practice + Patience + Persistence
  • #5,253
  • Feb 20, 2023 8:55pm Feb 20, 2023 8:55pm
Quoting TimeTells
Random Markets ? (does it even matter, trade what we see) . {image}
The market is only 50% random, magically
Success = Practice + Patience + Persistence
  • #5,254
  • Feb 20, 2023 8:56pm Feb 20, 2023 8:56pm
Quoting fxpider
During the DnP in ASIA, took 6 trades in total, with the same setups, 3 winners and 3 losers. Managed to get 60+ pips, even with only a 50% win rate, just by cutting my losses short. {image}

You've got the NZD eating out of your hand fxp, well done



Quoting fxpider
{quote} The market is only 50% random, magically


  • #5,255
  • Feb 20, 2023 8:58pm Feb 20, 2023 8:58pm
Session break for me, See you all during Frankie / London.
Success = Practice + Patience + Persistence
  • #5,256
  • Feb 20, 2023 9:20pm Feb 20, 2023 9:20pm
Quoting TimeTells
{image}
Attached Image (click to enlarge)
Click to Enlarge Name: !GBPJPYM15.png Size: 21 KB
  • #5,257
  • Feb 20, 2023 9:23pm Feb 20, 2023 9:23pm
Quoting fxpider
During the DnP in ASIA, took 6 trades in total, with the same setups, 3 winners and 3 losers. Managed to get 60+ pips, even with only a 50% win rate, just by cutting my losses short. {image}
Be careful of NU tomorrow.
  • #5,258
  • Feb 20, 2023 11:13pm Feb 20, 2023 11:13pm
Quoting FocusWinReal
{quote} Be careful of NU tomorrow.
I guess they are setting it up nicely. PUMP UP till the news, and then DUMP. Anyway, I try to avoid the news day/hour.
Success = Practice + Patience + Persistence
  • #5,259
  • Feb 21, 2023 1:10am Feb 21, 2023 1:10am
Quoting fxpider
{quote} The TRADE-GPT never sleeps.
*) Hi fxpider,
Can you explain this more ?

*) hi TimeTells,
you said "got it in one " ... but if I saw bionics post, nothing special there ... hmmmm ,all of this looks so strange to me
magic ? no one can predict the future, even a fortune teller with his crystal bowl ... in my opinion, we can call it magic, if and only if it is really can work for 'all Pairs, and all TimeFrames' ... but, there is no such thing in this business ... may be just a day dreaming ??? lol ...
  • #5,260
  • Feb 21, 2023 1:23am Feb 21, 2023 1:23am
Quoting newhope
{quote} *) Hi fxpider, Can you explain this more ? *)
I was just cracking a joke, referring to the HFT ALGO, using the metaphor of CHAT-GPT.
Success = Practice + Patience + Persistence
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