Did anyone obeserve this?

Beginner Questions
1

I saw the dollar rise over 800 pips against the euro…wow …this is my first week of active demotrading. im surprise . does this happen often guys?? if u can catch the trend then youll be in for lots of money

2

Hello there.

I must say, that is an 8% move! I missed that… Can you post a chart screenshot? I am finding it hard to believe!

I just checked the charts: the lowest point of the week was 1.3643, and the highest was today at 1.3812.

This means that, if you are talking about this week, EUR/USD only spanned about 170 pips!

Did you mean another week? Which period are you talking about?

Cheers.

3

You probably need to keep on demo trading because I don’t think you are seeing what you think you are seeing. The USD has been declining against the EUR since at least July for roughly 1,000 pips. The USD has fallen roughly 300 pips since the last major swing low on the pair around the beginning of February. It has also been down for the last week…

No matter what time frame you are talking about I don’t see the USD rising 800 pips against the EUR.

Two things are probably in play:

  1. You are reading the EUR/USD backwards (when the charts go up it means the USD is falling).
  2. If you are using MT4 to measure the pip movements you need to drop the last digit which is a fraction (pipette). Where you say “800 pips” it is probably only 80 pips.
4

Hi,

John gave you a thorough explanation. First think came to my mind when I read your question was that you are using floating charts and they come with a 5 digit fraction. Simply talking every 10 points (pipette is the correct lingo here) equals 1 pip.

[B]Myth Buster:[/B] 1pip doesn’t mean 1%. It takes more than a few sentences to explain how. But to sum it up;
Depending on your lot size,currency pair,account’s currency the value of 1 pip is constantly changing.
Explosive setup system: What’s the Z Pattern?

'Best

5

I agree with the previous two posts!

6

LOL, fibre jumped 80 pips in the space of 2 mins, 10.00 am to 10.02 gmt.

Price actually gapped up 40 pips, right through 3750/60, so let’s see if it comes back for unfilled orders or not.

7

John’s explanation is the best one of the lot. It would be great if we could all see a chart but for now, john’s exp is the right one…