Would you believe this month marks 7 years this thread has been going. That time would have been better spent on a Law Degree but it has been fun, Here’s to the next 7 year
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@Dennis3450 Thanks for your quick reply.
Just trying to recreate your levels for the day. I want to check i am doing it right
EG for the AUD % we would look at AUDJPY.
On the 4hr chart look at the closing price of the last candle of the day (market time 23:59)
Compare this to the 200MA price with formula Closing Price - MA 4hr 200 price / closing price
For this example when I pull the data from my MT4 for today I get
90.496 - 91.731 / 90.496 = -1.36%
This is different to your -1.22% above for today.
What am I doing wrong?
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That’s a whole difference of 0.14
How do all the rankings compare? Let’s see your completed workings.
As long as they are in the same order, I wouldn’t worry too much.
There will be a slight difference in each broker’s closing or SMA price.
Formula should be in brackets BTW, e.g. (Close Price - 4-Hour 200 SMA Price) / Close Price
Close Price is the same on all and every time period, prove me wrong!
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Thanks. I am using the MA not the SMA for my calculations.
Here is what I came up with for all pairs for today.
Fairly close to @Dennis3450 but a little off.
Maybe it just comes down to different brokers as you said
| NZD | JPY | GBP | EUR | CHF | AUD | USD | CAD |
|---|---|---|---|---|---|---|---|
| -0.12% | 0% | 0.91% | 1.52% | 1.58% | -1.36% | 3.21% | 0.77% |
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Not to be too picky but which platform are you using?
MA usually means the Simple Moving Average, as taught here at the BabyPips School.
Are you saying there is something else?
Is your list in Excel? If so, you could sort it to be clear on the strongest vs weakest percentage.
Good job and good luck.
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We are starting the day with a strong Yen, if the trend continues that should mean a stock market rally today
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My understanding of SMA is usually Smoothed moving average. I am using the simple moving average on MT4
Then you should be aware that SMA is the Simple Moving Average
And SMMA is the SMoothed Moving Average
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Just when you think you got this market figured out, this happens
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a lot of red to close out the week, USD falling with stocks, is this the new normal?
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It was back not so many years - rumblings of history repeating.
Bigger banks are likely getting incoming funds right now - if it happens you have 250k or less in SVB no action needed.
Flight to safety - Yen up / US Bonds up.
Balancing - JPM up today - the danger is a run on the smaller banks - depends how that plays out.
USB 10Yr last 2 days:
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We had a busy week as markets move back to risk-off, CHF was the only Yen pair to finish the week green, AUD and NZD suffered worse losses as they should have in a flight to safety environment
Out of the ashes we have AUDCHF short as our new Top Trade
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modest gains for stocks following last week’s selloff, but look at Bitcoin
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Roller coaster day, most yen pairs finished near their open, USD took the hardest fall
Markets where up then sold off into the close, that is not a good sign
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Bad news if you have one of those US government backed student loans as they are tied to the 10 yr bound yield, Rumors of the Fed rising interest rates 0.50 in up coming March meeting. Tons of negativity out there
Will they ever learn from history instead of just reacting after the fact ?
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Nothing but green today
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after some false hope yesterday, markets are back in the toilet today
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