How does one read the ATR for NOK
As off today ATR is: 0.14163
How wold you read the pip value for that ?
ATR normally describes the daily volatility of an exchange rate - for example between NOK and EUR or between NOK and USD etc. etc.
As long as JPY is not in the pair, the 4th decimal figure gives 1 pip. So 0.14163 means 1,416.3 pips. If JPY is in the pair, the 2nd decimal figure gives 1 pip, so this ATR would be 14.163 pips.
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Thanks for getting back to me. I really appreciate it. You answered the last time I had an ATR question as well. So I must inquire further.
I have also just aded crypto to my MT4. I was looking at the measurement with the cross hair tool. Am I reading those correctly. Are BTCUSD moves really 10’s of thousands of pip moves ?
How would you read 565.5 As BTCUSD’s ATR value ?
Thank you very much for sharing your knowledge.
Sorry, I stay far far away from crypto.
Pray tell good sir. What is it about it you find so abhorrent ?
There is so much good opportunity in well regulated and visible markets, there surely isn’t any need to take risks.
A fair point. I would say that the core concept behind the main cryptos was to have systems that functioned and functioned well without the need for centralised control governing them. For example BTC designed to be a store of value that while unregulated has honourable principles behind it. Crypto is slowly emerging from it wild wild west days and while I agree there is a lot of risk involved in alt coins. The emergence of BTC as a reliable store of value with inherent legitimacy is something that can’t be ignored. I would never presume to tell you to invest. However I would implore you not to dismiss it out right without giving more time to look into it.
Thanks again for the help. I hope I can always come to you with a question.
I might be tempted again to look at short-term trading crypto, though the only time I did look at it the spreads and minimum costs were ridiculous, I’d have had to develop a complete bespoke new system, while I’m not long-term holding anything anyway. I think its unlikely to become ever a legitimate mainstream big currency - as soon as this looks like a winning plan, governments, central banks and the multi-national banks will come up with their own alternatives and eliminate the opportunity.
So short-term its random, risky and expensive, long-term its an almost definite loser.
With institutional money making it’s way into BTC and ETH as of this next Bull run I see that they will gain even more legitimacy. I speak of holding the actual tokens themselves. The governments of the world had a chance to crush BTC and crypto when it was young and weak. They’ll have a hard time getting that toothpaste back into the tube. I agree they will devise there own blockchain tech as matter of certainty. However I think there may be a sort of neo Bretten-Woods type of accord allowing the coexistence decentralised and centralised crypto. Glad you’d be willing to give at another look over.
I will look at it but purely for trading in and out, never for a bank account etc.
Fair enough good sir. Wishing you profitable trading.
Hi WildCatCrypto,
This is not a subject matter for everyone. I am with you 100%. I have become furious about stealth taxes in developed countries. And most of them are not even recognised as stealth taxes. A very small example, but one for which governments with their captive audiences (residents and more particularly nationals) is the cost of a plastic bag in a shop. Imagine a pensioner paying 5p, then 20p for a bag. I know it is to encourage reuse, but that has Covid implications too. A 300% increase for a tax that didn’t even exist a few years ago is daylight robbery. With the level of currency printing now by the West, stealth inflation is running at over 10% per year. So I took a decision earlier this year (when I realized US and UK government just did a Ban Bernancke helicopter drop except far larger) to start a small but definite diversion into Crypto investment - more long term than short term, though my longer term attention will focus on heding that long term investment with short term trading for profit protection. Not even a strategy yet, let alone a robust plan, but then again, I am still accumulating Crypto and learning as I go.
MicroStrategy: Buys $420 million of bitcoin without moving price.
I love this guy. If Michael decided to invest almost all his publicly traded company’s treasury, he has reasons. I agree with his reasons, and in an interview with Raoul Pal, I found that his reasons aligned with my own thought processes over the past two decades, but more recently with my decision in May to enter crypto as a hedge against currency inflation.
Yes, I spent two hours last night watching this start to finish. I regard both Raoul and Michael as visionaries. The take away from this is that you hope they are not right, but you have this uneasy feeling that they may just be right. And this has been my philosophy throughout my working life. Always take some insurance against the “maximum credible accident” and hope that it won’t happen. But if it does, whilst the rest of the world goes to hell in a hand cart, you will be able to eat.
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Wise move my friend. It’s becoming increasingly clear that there will be a day of reckoning for inflating the money supply to such levels that no hyperbole could describe vividly enough.
I feel your strategy is valid as I am employing the very same. Creating a portfolio with the two most safe coins(BTC,ETH) trade them on FX use the profits to invest further in the actual tokens.
I think you are certainly not alone in sensing this impending cataclysm brought on by reckless monetary policy. Wise to protect your self from feeling it’s force in full.
Thanks for linking the video. Will be watching it tomorrow.
Higher ATR would mean higher volatility and vice versa.