OfficialP:


1851 to 1852 is 10 pips for gold.

it is 1pip bro

Geovanni412:


Boss, what are you trying to say?

I am of the opinion that you mean well

But sincerely, you don't know how to count pips in gold.

And knowing how to count pips in an instrument is the first step to understanding risk management


If I am wrong, Correct my opinion on counting pips with the relevant data that you have.

If not, do well to correct your earlier post on twenty pips stop loss in gold...

No shame in being wrong.

We are all learning.

Links:
https://www.forex.in.rs/calculating-pips-for-gold/

Leave Gold for the Gold diggers
That asset is difficult to trade
Don't even learn anything about it so as not to be tempted

Use the arrow tool on mt4 to count pips or confirm pips count.

Lanshile:

Leave Gold for the Gold diggers
That asset is difficult to trade
Don't even learn anything about it so as not to be tempted

Abi...

My problem is some of the gold diggers don't even know what they are calculating

I've asked them for evidence but they just dey explain taya instead of being humble and saying that they don't know


Links:

https://www.myfxbook.com/forex-calculators/pip-calculator/XAUUSD

Geovanni412:


Abi...

My problem is some of the gold diggers don't even know what they are calculating

I've asked them for evidence but they just dey explain taya instead of being humble and saying that they don't know


Links:

https://www.myfxbook.com/forex-calculators/pip-calculator/XAUUSD

$1 move is 10 pips for Gold.

Geovanni412:


Abi...

My problem is some of the gold diggers don't even know what they are calculating

I've asked them for evidence but they just dey explain taya instead of being humble and saying that they don't know


Links:

https://www.myfxbook.com/forex-calculators/pip-calculator/XAUUSD

You like backing all your claims with evidence

Lanshile:
Leave Gold for the Gold diggers That asset is difficult to trade Don't even learn anything about it so as not to be tempted

are you serious? is gold that difficult?

Emmizay12:


are you serious?
is gold that difficult?

Yeah extremely difficult
Risk management does little on it if you are using small capital to trade
If you are trading naked chart the methodology use in trading currency pairs doesn't work on gold
In currency pairs most times if their is an error in entry point maybe slight invalidity that won't make the trade go right after it has surpass the poi it comes back to that poi for a trader to close it with the exception of usdjpy and gbaud(this 2 hardly forgive) but gold will not come back
The huge reward it gives anytime it goes right is crazy and the way it will eat into one's capital when you are wrong is something my mindset can't take
For peace of mind I just stick with currency pairs

OfficialP:


1851 to 1852 is 10 pips for gold.

1851 to 1852 in Gold is 100pips.

zonall:


Of course, CPI just like NFP and other strategic fundamentals come with a lot of volatility.

Be careful with correlation, it is more of relative than concurrent, though the latter happens some times.

Meanwhile, my sell limit on the Kiwi has been triggered, hopefully it will not smooch my SL before hitting TP.

The dip was not convincing, so I closed after a few pips yesterday and ran like you ...

Good morning bro.

Lanshile:

Yeah extremely difficult
Risk management does little on it if you are using small capital to trade
If you are trading naked chart the methodology use in trading currency pairs doesn't work on gold
In currency pairs most times if their is an error in entry point maybe slight invalidity that won't make the trade go right after it has surpass the poi it comes back to that poi for a trader to close it with the exception of usdjpy and gbaud(this 2 hardly forgive) but gold will not come back
The huge reward it gives anytime it goes right is crazy and the way it will eat into one's capital when you are wrong is something my mindset can't take
For peace of mind I just stick with currency pairs

kk thanks

no wonder all these prop firm competitions usually have gold as it's most traded asset

Gold diggers are finding it hard to calculate their asset

Aaaah this thing is funny I swear
Knowledgeable ppl in the house please come and save gold diggers
Infofirst,Donsheddy,charly20,kaybe7000,samfelly
This guys need help before they use 200 pip sl instead of 20

OfficialP:


1851 to 1852 is 10 pips for gold.

Correct 👍

Emmizay12:


kk thanks

no wonder all these prop firm competitions usually have gold as it's most traded asset

Yeah if you are good at trading it the reward is really high
You will meet your target faster but you have to be really grounded in risk management or you will lose the account at a speed faster than a bullet

zonall:


The dip was not convincing, so I closed after a few pips yesterday and ran like you ...

Good morning bro.

Boss, what's happening with kiwi and eurusd today

I can't see any trade to make and we are 1hr away from PPI

How do you see the market going for tdae?

Lanshile:
Gold diggers are finding it hard to calculate their asset

Aaaah this thing is funny I swear
Knowledgeable ppl in the house please come and save gold diggers
Infofirst,Donsheddy,charly20,kaybe7000,samfelly
This guys need help before they use 200 pip sl instead of 20

Fx is self taught bro,let him use the SL in his mind ,when the trade hit the SL,he will surely get the calculation from the balance


Very simple ✌️✌️

Lanshile:
Gold diggers are finding it hard to calculate their asset

Aaaah this thing is funny I swear
Knowledgeable ppl in the house please come and save gold diggers
Infofirst,Donsheddy,charly20,kaybe7000,samfelly
This guys need help before they use 200 pip sl instead of 20

There's nothing difficult there, in gold, 1 point is 10pips, e.g 1903-1902 is 10 pips fall. Practical gold traders will agree with me, not theory.

But different people with the way they calculate there's sha as long as it helps you, no wahala

Jameselias:
hahahahaha hahahahaha
Traders 😆
It's called swap fee

Of around 1500?

Na dem sabi sha, by hook or crook... I will scale through.

Geovanni412:


Boss, what's happening with kiwi and eurusd today

I can't see any trade to make and we are 1hr away from PPI

How do you see the market going for tdae?

Even ordinary PPI still dey fear u? Was even thinking say na only CPI and NFP u dey fear before,lolz indeed anyway,am holding EU from .07500 to the South till market close tomorrow

OfficialP:


There's nothing difficult there, in gold, 1 point is 10pips, e.g 1903-1902 is 10 pips fall. Practical gold traders will agree with me, not theory.

But different people with the way they calculate there's sha as long as it helps you, no wahala

I also don't know how to calculate it but as it is not my thing I care less but maybe in the future if I'm comfortable trading it I will check this again

Kaybee7000:






Fx is self taught bro,let him use the SL in his mind ,when the trade hit the SL,he will surely get the calculation from the balance


Very simple ✌️✌️

Kaybee7000:






Fx is self taught bro,let him use the SL in his mind ,when the trade hit the SL,he will surely get the calculation from the balance


Very simple ✌️✌️

Good suggestion but it doesn't always work that way

It works for pairs that are trading directly agst USD like eurusd, xauusd, gbpusd

But when you start trading crosses, if you don't understand the combination of pairs, you will run into trouble with risk mgmt

For example: if I am trading eurgbp, I need to know the price of gbpusd to calculate my lot size. Trying to work it out with price of eurgbp won't give the same results.

Kaybee7000:





Even ordinary PPI still dey fear u? Was even thinking say na only CPI and NFP u dey fear before,lolz indeed anyway,am holding EU from .07500 to the South till market close tomorrow

PPI no dey fear me

I can't read the price action currently even though it looks bearish

Because market is at the center of the range which is literally ashawo area.

It can bounce up before going down or go down pick up liquidity and rally upwards

kozmicity:


Of around 1500?

Na dem sabi sha, by hook or crook... I will scale through.

i think it's because it's Wednesday it's 3x

yetown:



Correct 👍

@ 0.1 lot

OfficialP:


There's nothing difficult there, in gold, 1 point is 10pips, e.g 1903-1902 is 10 pips fall. Practical gold traders will agree with me, not theory.

But different people with the way they calculate there's sha as long as it helps you, no wahala

Boss mi you are 💯% right 👍 on this calculation.

Ppi never reach o dem don dey hunt traders stop losses, I swear down Forex don turn scam

EASYLIFE4US:
Ppi never reach o dem don dey hunt traders stop losses, I swear down Forex don turn scam

I had to double check the time

Market no wan gree at all...lost a buying position

Let's see if eurusd still pumps

Lanshile:
Gold diggers are finding it hard to calculate their asset

Aaaah this thing is funny I swear
Knowledgeable ppl in the house please come and save gold diggers
Infofirst,Donsheddy,charly20,kaybe7000,samfelly
This guys need help before they use 200 pip sl instead of 20

Practically 1932-1933 is 10pips for gold
1932.2-1933.4 is 12pips
Wished I could explain it much better

Geovanni412:


Abi...

My problem is some of the gold diggers don't even know what they are calculating

I've asked them for evidence but they just dey explain taya instead of being humble and saying that they don't know


Links:

https://www.myfxbook.com/forex-calculators/pip-calculator/XAUUSD

no follow that image you upload oo

Lot size X Pips = Profit

0.01 X 10pips = 1 USD
0.05 X 10pips = 5 USD
0.10 X 10pips = 10 USD
1.00 X 10pips = 100 USD

kellybently:



no follow that image you upload oo

Lot size X Pips = Profit

0.01 X 10pips = 1 USD
0.05 X 10pips = 5 USD
0.10 X 10pips = 10 USD
1.00 X 10pips = 100 USD

Ok