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Three things to watch in the ECB Meeting Minutes – EUR/USD vulnerable | Forex Crunch

Three things to watch in the ECB Meeting Minutes – EUUSD vulnerable | Forex Crunch submitted by ageanvelos to u/ageanvelos [link] [comments]

Metatrader says that the 5th decimal equals 1 pip, this is madness

Metatrader says that the 5th decimal equals 1 pip, this is madness
Update: I have managed to figure out my own mistake, after painful hours of reading articles, head banging, and doubting my existence. The articles on the MT crosshair state that the second value is a representation of points, and not pips, but I clearly commited a mistake by not reading over all of them. So if you are a beginner, take this as a word of advice, I paid with blood and sweat for this little mistake(mostly a lack of sleep). If you want to keep reading, feel free to, my mistake is also exemplified and explained in further detail.
Hello guys, I have a really important and probably easy problem that I do not seem to be able to figure out. Today is the last day of the week, and I've been crunching forex tutorials for the past 5 days like a madman trying to understand as much as I can before my university year starts. But on the last day, I have a really frustrating problem:
I decide to buy EUUSD with a lot size of 0.01(micro lots)
Entry price: 1.0972 (I leave the pipette out, as I've learned that it is not so significant)
Take profit 50 pips above: 1.0972+ 0.0050 -These are 50 pips, I am totally sure of that ===> TP= 1.0972
HOWEVER: When I look at the chart with my crosshair and measure 50 pips, the TP= 1.0927 WTF? What am I leaving out from my calculations? I am sure someone more experienced could easily tell me what's wrong, but I don't get it, why does 50 pips equal 1.0927 instead of 72? The 4th number is 1 PIP, and the 5th is a pipette. So what's wrong? It says 50 pips equal a change in the 4th decimal, but that is impossible, right? The 4th decimal is 1 pip, not 10!!
If I was to speculate an answer, I would say that the 5th decimal in metatrader is considered 1 pip? But why? The 5th decimal is always a pipette, right??? But IF I MEASURE IT, a change in the 5th decimal equals 1 pip in the crosshair!
What's going on here? Is there something the tutorials did not cover? I can practically just change my calculation a bit but I wonder what is going on here? I've literally stayed up all night wondering why my orders were missing the SL and TP just to zoom out and see my take profit in heaven and the stop loss in the 9th circle of hell, right under my table. If someone could clear up as of what is going on, I would greatly appreciate it!

UPDATE: After bouncing back and forth a few articles, I have realized something extremely infuriating. The MT4 crosshair shows points, and they need to be divided by 10 in order to get the actual pips!

https://preview.redd.it/a1gd14cco2p31.png?width=1920&format=png&auto=webp&s=18669616ae7257e7a2e2fab51bb2cba0f4818da0
Reading the forexpeacearmy article, it first states that the second value are pips, and under it, it states that they are actually 90.1 pips and not 901 pips. This is something someone can very easily look over, mostly if they are a newbie!

https://preview.redd.it/zu2zoa8qo2p31.png?width=1920&format=png&auto=webp&s=1ec334b1ac545d1b53fbf2c68a1c8cd2f833988a
submitted by AlexSimply to Forex [link] [comments]

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EUR USD weekly forecast 27-4-2020

Watch where are the supports and resistances for the hours to come in the most important levels in the forex markets. Information provided by Yohay Elam, Forex Crunch’s chief analyst. Watch the ... Forex Crunch Chief Analyst Yohay Elam shares his technical analysis on the EUR/USD and he offers supports and resistances to watch in the days to come. Watch other pairs and the full report here ... Look at the results of our forecasts in ***JULY*** https://youtu.be/wUZAfgYKLkA EUR to USD forecast for next week If the level of resistance is broken, you s... SECRET forex trading strategy for #USDCAD using Crude Oil and U.S. Dollar Index - USDX, DXY, DX. The #CanadianDollar and crude oil are strongly correlated. C... EUR/USD USD/JPY M5 and H1 timeline frame chart via forecast buy/sell signals Consider up - Lasted Red arrow appears in 5 min and the same in 1hr. This means a strong buy signal! ... WEEKLY FORECAST 13-17 JULY 2020 EUR/USD USD/JPY GBP/USD GBP/JPY EUR/JPY Analisa menggunakan indicator Trendline Support dan Resistance, RSI, MACD, Moving Average Semoga bermanfaat dan Salam Profit !!! eur usd weekly forecast 27-4-2020 www.forexpharaohs.com whatsup +201112226243 EURUSD News and Forecast - FXStreet EUR/USD: Euro - Dollar Rate, Chart, Forecas...

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